FAQs on Tuition Payment & Billing
- What is the difference between Financial Assistance and Student Accounts?
The Office of Student Financial Assistance is responsible for assessing your financial need and awarding available assistance toward the cost of attendance. We are also available to counsel families in borrowing and financing options.
The Student Accounts Office is responsible for assessing all charges for tuition, room and board, billing, payment and payment plans, meal plan options, SHU Card accounts, health insurance waivers and payment from outside scholarships.
- What if the balance due after my financial assistance is more than my family can pay?
We understand that a Sacred Heart University education is a significant investment for any student and that today more than ever, a degree has become a necessity. Therefore, we ask that families explore and take advantage of any scholarships, grants, and work-study options and then borrow the maximum Federal Stafford Loan amount. If a gap still remains between the family resources and traditional financial aid, the Office of Student Financial Assistance has access to additional information on short-term payment plans or long-term funding sources including banks and other lending agencies.
The Office of Student Financial Assistance has researched numerous private education loan programs. Many of these loan programs offer special borrower benefits and strong customer service. Loan amounts are limited to the cost of education less any financial assistance received. As an alternative to paying the remaining cost of attendance, parents of dependent undergraduate students may borrow a Federal PLUS Loan or cosign a private loan for the student.
Students with a credit worthy co-signer may opt to borrow a loan in their name through the State of Connecticut loan program, CHESLA, or other private loan programs. Contact our office or refer to ELMSelect for more information on the most up-to-date alternative financing options.
- Does the University offer a payment plan for the remaining cost?
Sacred Heart University is proud to offer an efficient way of meeting your educational expenses through a variety of payment plans. For details regarding the payment plan options, visit this Student Accounts website.
- How should I estimate the cost of attending Sacred Heart University each year?
In determining your cost of attendance for an academic year please use this formula: Total Cost of Attendance less Financial Assistance = the Family Contribution.
When planning for the cost of education you should differentiate and plan for both direct and indirect costs.
Each year, the University provides a worksheet for you to estimate your costs. It will guide you to determine your direct costs, instruct you to deduct your financial assistance, thus arriving at the bottom line cost (what your family contribution will be for the academic year).