Your Aid & Your Bill

We encourage students to develop a financial plan to ensure registration for classes and residence hall check-in happen smoothly. The Student Financial Assistance Office works closely with the Bursar’s Office to assist students with managing their tuition bill. Suffolk offers a variety of programs to make your financial obligations manageable.

After reviewing the information provided on preparing for your tuition bill and creating a financial plan, please contact the Office of Student Financial Services with any questions.

Get Ready for Your Bill

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.

Determine Your Direct Costs

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.

Deduct Your Financial Aid and Estimate Your Balance

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 (e.g., 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 Loans & Financing Options. Graduate students will find origination fee information on their own Loans & Financing Options page. 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.

Create a Financial Plan

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:

  • Pay Direct Costs via a Payment Plan
    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. 
  • Commute from Home (for off-campus and resident students)
    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.
  • Apply for Outside Scholarships
    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.
  • Alternative Loan Funding
    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.

Posting Aid to Your Bill

In many cases, students must take additional steps in order to ensure all financial aid programs listed on the award letter are ready to be applied to the tuition bill.

Enrollment Status

All financial aid offers are made with a student’s expected enrollment status (i.e. full-time, half-time) in mind. The anticipated enrollment status is displayed on the student’s award letter. If your expect your enrollment status to be different than what is listed on your award letter, please contact the Student Financial Services Office to request a revision of your aid package. Financial aid awards based on an incorrect enrollment status will not disburse to your student account, nor will they appear on your billing statement.

Tentative Awards

Financial aid packages are often prepared for students before all required supporting documentation is available (i.e. tax information). In these situations, the awards are considered tentative and are pending until confirmation of FAFSA information is received. Students with outstanding verification items will be notified on both the award letter itself and with a separate letter requesting the needed documentation. It is extremely important all required documentation be submitted in a timely manner as we are unable to apply financial aid to your tuition account until all necessary items are received. Visit the verification section for more details.

Federal Direct Loans (Subsidized and Unsubsidized)

If you are a first-time Federal Direct Loan borrower at Suffolk University, you must complete the following steps to ensure your loan funding is disbursed to your tuition account:

  • Complete Entrance Counseling
  • Complete the Master Promissory Note (MPN)

Both items can be completed online at studentloans.gov using your four-digit FAFSA pin number. You need only complete one MPN and entrance counseling for the Federal Direct Loan program, even if you are receiving both Subsidized and Unsubsidized funds.

Federal Perkins and Institutional College Loans

First-time borrowers must complete Entrance Counseling and a Master Promissory Note (MPN) for Perkins Loans and College Loans with the Bursar’s Office. Please note: these are separate from the requirements for the Federal Direct Loan. Each year, a student must also complete an annual disclosure statement. Once all requirements have been satisfied, the loan is eligible for disbursement to the student’s tuition account.

Federal PLUS Loans

Federal Plus loans also require first-time borrowers at Suffolk to complete a Master Promissory Note (MPN). For the Parent Plus loan program, please make sure the parent who requested the PLUS loan is the same parent who completes the MPN. The student completes the MPN for the Graduate PLUS loan program.

Billing Information

Your tuition bill from the Bursar’s Office is available only online. Notifications are sent to your Suffolk email address, so please make sure you are monitoring your account for important information.

The deadline for the Fall semester tuition bill is August 1st. Spring semester tuition bills are due January 3rd.

For more information on your tuition bill, please visit the Bursar’s Office.