Students typically receive their tuition bills in early July for the upcoming Fall semester and in late November for the upcoming Spring term. Even if you have not yet received your tuition bill, you should get ready for its arrival. Follow these few easy steps to help you create a manageable financial plan.
While the cost of attendance outlines all expenses associated with your enrollment, Suffolk University will bill you only for your direct charges. Direct charges typically include tuition, fees, room & board if the student is living in a residence hall, and health insurance (if not waived).
To estimate your direct costs, undergraduate students should visit the tuition and fees page and Graduate students will find applicable tuition and fee information here. Please note: Graduate direct costs are listed per semester. If you plan to enroll for both the Fall and Spring semesters, it is best to plan for the entire academic year by considering the cost for both terms at once.
Most students will be automatically charged for the school provided health insurance plan to comply with Massachusetts state law requirements. If you have comparable insurance coverage, a health insurance waiver must be completed by the required deadline to remove the charge from your tuition account.
Once you have determined your direct cost, you can use your financial aid award letter to calculate your remaining balance after your financial aid has been applied.
While grants and scholarships are subtracted from your bill, it is important to recognize employment funding (i.e. Federal Work Study, Student Employment, and Fellowship programs) will not be deducted. Instead students will receive a paycheck directly for the hours worked in these programs.
In addition, the origination fee must be deducted from the amount of both Federal Direct and PLUS loans in order to accurately estimate the remaining balance. For more information on the origination fee, undergraduate students should visit the loans page. Graduate students will find origination fee information here. The net disbursement amount can be calculated by multiplying the loan amount by the origination fee. You should only estimate a deduction of the net disbursement amount for Federal Direct and PLUS loans.
If you have received any additional aid not listed on your award letter, you must report the receipt of the award to the Student Financial Services Office. In some cases, your financial aid package may require an adjustment.
Your estimated balance is the remaining amount after financial aid has been applied to your direct costs.
Suffolk University is pleased to offer students many ways to cover or reduce their remaining balance after financial aid is applied. Options to consider include:
The Bursar’s Office offers families a payment plan option. The payment plan is interest free and enables students to spread the cost out over monthly payments.
Graduate students and parents of dependent undergraduate students can take advantage of the PLUS loan program. This loan is a federal loan program which offers flexible repayment options and low interest rates. Borrowers make request loan amounts up to the cost of attendance, less any other financial aid received, regardless of income. The PLUS loan is not based on financial need; however, applicants must be creditworthy.
Suffolk University is proud to integrate a large commuter population into campus life. Commuting from home, if possible, saves money and still allows students to feel part of the Suffolk community through organizations such as the Commuter Students Association (CSA), Program Council (PC), and many more. Please note, if you decide to commute, your financial aid package may be adjusted. Contact your financial aid counselor if you would like more information.
Numerous private scholarships are available through outside organizations and can be an invaluable source of assistance. Students are encouraged to explore outside scholarship opportunities via the numerous online scholarship search sites. We do not, however, recommend applying for any program which charges a fee. Those applying for outside scholarships should review the University’s Outside Scholarship Policy.
If you have exhausted all other funding options and are still in need of additional financing, you may want to consider an alternative (private) student loan. Alternative loans are credit-based loans offered through private lenders or banks. More details on undergraduate alternative loan programs and graduate alternative loan programs are available. Since alternative loans can take several weeks to be approved by the lender, we recommend students apply as early as possible for these programs.