Understanding My Financial Aid Step 1 of 6 16% Shenandoah Student IDEmail * Required Name First Last Financial Aid can be broken down into three categories: Grants & Scholarships, Loans and Work Study. Grants & Scholarships - money that does not need to be paid back. Loans - money that must be paid back. Work Study - money earned through employment on campus. This guide is here to help students understand their award letter and how their financial aid package helps pay for college.Do you have your financial aid award letter? * RequiredSelect OneYesNoInformation from your award letter is needed on this guide.  If you have lost your award letter or need a new one sent to you please contact the Office of Financial Aid at 540-665-4538 or finaid@su.edu. Grants & ScholarshipsGrants and scholarships are aid that does not need to be paid back.  Most grants and scholarships are awarded to students based on academic merit, talent and financial need as determined by the FAFSA.  Some grants and scholarships are awarded based on the program of study such as the Conservatory Scholarship and Nursing Grant.  State grants are awarded based on domicile and typically require a state application.  What Grants & Scholarships are on your award letter?Select all grant and scholarships on your award letter. Federal Pell Grant Federal Educational Opportunity Grant (SEOG) Virginia Tuition Assistance Grant (VTAG) Academic Scholarship Academic Transfer Scholarship Conservatory Scholarship Funded Shenandoah University Scholarship SU Promise Award Nursing Grant Presidential Scholarship Methodist Scholarship Ministerial Grant Other Grant/Scholarship (any grant/scholarship not listed) Outside Grant* *Students are strongly encouraged to pursue scholarships from outside the university. Your home community and the Internet can be great potential sources for a scholarship. Some outside scholarship resources we have found helpful may be found here. Enter the dollar amount from the Total column on your award letter for each award below:Federal Pell GrantPlease enter a number from 0 to 6095.Federal Educational Opportunity Grant (SEOG)Please enter a number from 0 to 1500.Virginia Tuition Assistance Grant (VTAG)*Please enter a number from 0 to 4000.*VTAG applications must be received by The Office of Financial Aid by July 31st to receive this award. Application may be found here.Academic ScholarshipPlease enter a number from 0 to 15000.Academic Transfer ScholarshipPlease enter a number from 0 to 6500.Conservatory ScholarshipPlease enter a number from 0 to 25000.Funded Shenandoah University ScholarshipPlease enter a number from 0 to 15000.SU Promise AwardPlease enter a number from 0 to 15000.Nursing GrantPlease enter a number from 0 to 2000.Presidential ScholarshipPlease enter a number from 0 to 20000.Methodist ScholarshipPlease enter a number from 0 to 1000.Ministerial ScholarshipPlease enter a number from 0 to 16000.Other Grant/Scholarship (any grant/scholarship not listed)Please enter a number from 0 to 30000.Outside GrantPlease enter a number from 0 to 46000. Grants & ScholarshipsTOTAL LoansLoans are money students or parents may borrow to pay for college. Students may opt to borrow only what is needed and may cross out unwanted loans or reduce loan amounts before signing their award letter. Reduced loans must be disbursed evenly between Fall and Spring semesters. Federal loans require halftime enrollment and a student to maintain satisfactory academic progress. What Loans are on your award letter?Select all loans on your award letter. Federal Subsidized Stafford Loan Federal Unsubsidized Stafford Loan Federal Parent PLUS Loan Federal Nursing Loan Private Loan Subsidized, Unsubsidized and Parent PLUS loans all have origination fees*, this will be deducted from the loan prior to posting to the student account. Enter the dollar amount from the Total column on your award letter for each award below:Federal Subsidized Stafford Loan4.53% Interest ratePlease enter a number from 0 to 5500.* Amount after 1.059% origination feeThis is the amount that will post to the student account.Federal Unsubsidized Stafford Loan4.53% Interest ratePlease enter a number from 0 to 12500.* Amount after 1.059% origination feeThis is the amount that will post to the student account.Federal Parent PLUS Loan7.08% Interest ratePlease enter a number from 0 to 48000.* Amount after 4.236% origination feeThis is the amount that will post to the student account.Federal Nursing Loan- 5% Interest ratePlease enter a number from 0 to 5200.Private Loan- Interest rate determined by lenderPlease enter a number from 0 to 46000. LoansTOTAL Work StudyThe Work Study program allows students to work and earn money at a campus job while enrolled. Students typically work between 8 to 10 hours a week and  work hours are scheduled around the student's classes.  Work Study is paid directly to the student in the form of a check. Students earn money for the hours they work and are paid biweekly on Fridays. The amount on the award letter is the maximum amount the student may earn during the award year. These funds are paid to the student and do not go towards the University bill. Were you awarded Work Study (Federal or Institutional)?Select OneYesNoWork StudyPlease enter a number from 0 to 2300. SummaryGrants & ScholarshipsPell GrantFederal Educational Opportunity Grant (SEOG)Virginia Tuition Assistance Grant (VTAG)Academic ScholarshipAcademic Transfer ScholarshipConservatory ScholarshipNursing GrantFunded Shenandoah University ScholarshipSU Promise AwardPresidential ScholarshipMethodist ScholarshipMinisterial ScholarshipOther Grant/Scholarship (any grant/scholarship not listed)Outside Grant Total Grants & ScholarshipsThis money does not need to be repaid.LoansFederal Subsidized Stafford LoanFederal Unsubsidized Stafford LoanFederal Parent PLUS LoanFederal Perkins LoanFederal Nursing LoanPrivate Loan Total LoansThis money must be repaid. Work Study TotalThis money is paid to the student for hours worked. Total Aid Towards University Bill Accounts for origination fees and excludes work study.Would you like to see how your financial aid package impacts your University bill?Select OneYesNoIf you have questions about your aid package contact The Office of Financial Aid at 540-665-4538 or finaid@su.edu.  Signed award letters may be sent to finaid@su.edu, faxed to 540-665-4939 or mailed to: The Office of Financial Aid 1460 University Drive Winchester, VA 22601 Shenandoah University Estimated Cost SheetThe Shenandoah University Estimated Cost Sheet is intended to assist students in determining the financial resources they will need for the upcoming 2020-2021 academic year.  The following questions are used to determine an estimate of university charges for 2020-2021 based upon the selected academic program.  THIS IS NOT A UNIVERSITY BILL.Select Program of StudySelect OneCollege of Arts & SciencesSchool of BusinessShenandoah ConservatorySchool of NursingTuition and fees listed are for two terms for full-time students: Tuition: $32,510 Technology fee: $360 IM Learning fee: $620 Student Service fee: $340 A breakdown of tuition and fees may be found here.Tuition and fees listed are for two terms for full-time students: Tuition: $32,510 Technology Fee: $360 IM Learning Fee: $620 Student Service Fee: $340 Conservatory Fee: $1,820 Applied Major Lesson: $490* Applied Minor Lesson: $295* *Major and Minor lesson fees are per course and are not included in this estimate. A breakdown of tuition and fees may be found here.Tuition and fees listed are for two terms for full-time students: Tuition: $32,510 Technology fee: $360 IM Learning fee: $620 Student Service fee: $340 Clinical fee: $340* *Clinical fees are charged per clinical course and are not included in this estimate. A breakdown of tuition and fees may be found here.Will you be living on or off campus?Select OneOn CampusOff CampusOn Campus Meal PlanSelect One19 Meals per week $10,37015 Meals per week $10,14010 Meals per week $9,570This meal plan covers on campus housing and 19 meals per week. The cost for this meal plan is $10,810 for two terms.This meal plan covers on campus housing and 15 meals per week. The cost for this meal plan is $10,570 for two terms.This meal plan covers on campus housing and 10 meals per week. The cost for this meal plan is $9,980 for two terms.Commuter Meal Plan**Prices are subject to changeSelect OnePremier Plan (15 per week) $3,270Deluxe Plan (10 per week) $2,590Commuter Express (5 per week) $1,350Select Plan (50 per term) $1,070No meal planThe Premier Plan covers 15 meals per week. The cost for the Premier Plan is $3,390 for two terms.The Deluxe Plan covers 10 meals per week. The cost for the Deluxe Plan is $2,690 for two terms.The Commuter Express plan covers 5 meals per week. The cost for the Commuter Express plan is $1,410 for two terms.The Select Plan covers 10 meals per week. The cost for the Select Plan is $1,110 for two terms.Total Estimated Charges $0.00 Total Financial Aid Applied to ChargesAccounts for origination fees and excludes work study.Estimated Remaining BalanceBased on the information provided this is your estimated remaining balance. Please note this is only an estimate and should not be used as a bill. If balance is negative you are projected to receive a refund check. Congratulations! Based on the information you provided you are projected to receive a refund check. This means your financial aid exceeds your tuition and fees.Options to Cover Remaining BalanceOutside Scholarships Students are strongly encouraged to pursue scholarships from outside the university. Your home community and the Internet can be great potential sources for a scholarship. Some outside scholarship resources we have found helpful may be found here.Parent PLUS Loan Parents of dependent students have the option of utilizing the Federal Parent PLUS loan to assist with their dependent's education. If your parent wishes to use the Federal Parent PLUS loan to help cover any gap in funding, the application may be found at studentaid.gov.Optimal Estimated Parent PLUS LoanThe optimal Parent PLUS loan is the estimated remaining balance plus $2000. Parents may increase this amount to include books or other education-related items. Alternative/Private Loan Independent and dependent students may use alternative/private loans.  More information about alternative/private loans may be found here.Payment Plan Students with gaps in funding may utilize the Shenandoah University payment plan.  University payment plans are processed through our Student Accounts office.  More information about the payment plan may be found here.If you have questions about your aid package contact The Office of Financial Aid at 540-665-4538 or finaid@su.edu.  Signed award letters may be sent to finaid@su.edu, faxed to 540-665-4939 or mailed to: The Office of Financial Aid 1460 University Drive Winchester, VA 22601