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Monday-Tuesday
8:30 a.m. - 4 p.m.
Wednesday
10:00 a.m. - 4 p.m.
Thursday - Friday
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How Do I Pay For My PSU Education

Step 1

Determine Your Cost of Attendance

Determine what your average total cost is to attend PSU for an academic year. Please see the Cost of Attendance (2008-09) web page for more detailed information about the costs. Total average estimated costs (billable and non-billable) for the 2008-2009 academic year can be found below. Financial Aid awards are based upon the estimated costs for 2008-2009. Actual rates are established by the University System of New Hampshire Board of Trustees at the end of June and will be reflected in your Fall Semester bill that will be available online at the beginning of July. For specific information about billing, please visit the PSU Bursar's Office Web site.

Category	Avg. COA 08-09	Direct Billed 08-09
NH Resident	$19,900	$16,774
Non-Resident	$27,800	$24,624
New England Regional*	$23,150	$20,074
New England Regional **	$24,800	$21,724
Commuting From Home	$15,200	$8,424

COA=Cost of Attendance

* admitted prior to 2006-07

** admitted for 2006-07 and forward

Step 2

Determine Your Financial Aid Award

Your actual financial aid award can be found by accessing your account through Banner Self Service. For more specific information about the various types of aid, please see the following: Federal/State Grants, Scholarships, Undergraduate Loans or Student Employment. Please remember that Federal Work Study cannot be applied to your bill.

If you plan to use federal loans and are a first-time borrower, you will need to select a lender (PSU has provided a tool to assist you - FASTChoice). Once you have selected a lender, you will be required to complete a one-time online Entrance Counseling session at Mapping-Your-Future. You will then be able to E-sign your Master Promissory Note with your federal PIN number. Funds will then be disbursed to your account in the Bursar's Office at the beginning of each term PSU certified loan eligibility.

Note: Federal Work Study award will not be applied to your bill. To identify jobs on campus, please visit our Student Employment webpage.

Step 3

Options for Funding Your Education

Once you have determined your Cost of Attendance and subtracted your Financial Aid Award (except Federal Work-Study and any associated loan fees) the following options may be considered to fund your Cost of Attendance for the academic year:

Option 1: Family and other resources from savings, work, outside scholarships, etc

Option 2: TuitionPay (This is a great option!) is the interest-free, debt-free way to spread tuition payments over a number of months. The TuitionPay Plan from Sallie Mae is not a loan, so there are no interest payments, only a low enrollment fee. The Plan allows you to break down your education expenses in easy-to-manage installments, rather than one lumpsum payments. It’s simple and convenient. Visit the Bursar’s Office web site for this payment option.

Option 3: Federal Parent Loan for Undergraduate Students (PLUS) is a fixed 8.5% interest loan authorized by the Federal government to help pay for dependent student’s education. There are fees associated with this loan, and the parent is responsible for repayment of this loan. In-school deferments are available by contacting the lender. Please visit our website for information about how to apply for the PLUS loan.

Option 4: Alternative Loans (USE AS A LAST RESORT-only if needed) are in the name of the student, and most commonly require a cosigner. PSU recommends alternative loans as a last resort to paying the balance of your educational costs. Alternative loans tend to have higher interest rates, higher fees and fewer borrower benefits than Federal loans. Please visit our website for information about how to apply for Alternative loans.

Note: You are not restricted to just one of the options above to pay your balance. You may use a combination of any of the above options.