Types of Financial Aid

students sitting on lawn

Types of Financial Aid

Grants


Assist students with exceptional financial need. Students apply for a 2017-2018 Pell Grant by completing a Free Application for Federal Student Aid beginning October 1, 2016. This award does not have to be paid back.

Assist undergraduate students who demonstrate exceptional need and file a Free Application for Federal Student Aid (FAFSA) by the financial aid deadline (March 1). SEOG does not have to be paid back.

UNH-based funds for needy undergraduate students who file a Free Application for Federal Student Aid by the financial aid deadline (March 1). This award does not have to be paid back.

These need-based awards are granted to incoming freshmen who demonstrate through their admission application materials an appreciation and/or understanding of the values and significance of diversity for our society and culture.  Students must file a Free Application for Federal Student Aid by the financial aid deadline (March 1).

Athletics scholarships are available to student-athletes who are or will participant on an intercollegiate team. The head coach of each sport chooses recipients and the amount of the award in consultation with the director of Athletics. Contact the head coach of your sport.

Loans


Federally-funded loans administered by UNH available to undergraduate students who demonstrate exceptional need and file a Free Application for Federal Student Aid (FAFSA) by the financial aid deadline (March 1).

First-time borrowers of Perkins Loan funds must complete Master Promissory Note, Entrance Counseling & Disclosure.

The interest rate on a Perkins Loan is fixed at 5 percent and does not accrue while the student is enrolled at least half-time. Repayment begins nine months after a student graduates, leaves school, or drops below half-time enrollment.

A federally funded loan available to both undergraduate and graduate students. For undergraduate students, this loan may be subsidized, unsubsidized, or a combination of both; for graduate students, only unsubsidized loans are available.

Subsidized loans are based on financial need; the federal government pays the interest that accrues while you are in school.

Unsubsidized loans are not based on need. The interest that accrues while in school must either be paid monthly or deferred and added to the original loan balance. The Financial Aid Office determines financial need based on the student's completed FAFSA.

Loan funds are disbursed directly to the University of New Hampshire in equal amounts during each term of enrollment for the academic year. There is a six-month grace period prior to repayment following graduation, withdrawal, or a drop below half-time status. For first-time borrowers to receive Direct Loan funds, the online federal entrance interview and Direct Loan master promissory note must be completed at https://studentloans.gov.

Students who wish to use a portion of their Direct Loan eligibility, an Alternative Loan or a PLUS Loan to pay for summer classes must complete a FAFSA and a Summer Course Form in WEBCAT  (available mid-March) and submit it to the Financial Aid Office. Note: Using Direct Loan funds for the summer will impact your academic year (fall and spring) financial aid balance.

For additional information on these federal student loans, see The Student Guide.

Work Study


Federal funds used to provide employment opportunities to undergraduate and graduate students who file on time and demonstrate financial need.

Job openings are posted on Wildcat Careers.

Work-study earnings are paid directly to the student for hours worked and not credited to the tuition bill. Paychecks are issued on a bi-weekly basis according to the academic year work-study payroll schedule.

All employment forms for on-campus positions may be obtained from your supervisor.

For off-campus positions, forms are available online.

Undergraduate and graduate students who wish to apply for summer federal Work-Study program should file their FAFSA as soon as possible after Jan. 1. Summer Work-Study applications will be available on Blackboard after March 1 annually.

All employment forms for on-campus positions may be obtained from your supervisor; for off-campus positions, forms are available online.

Work-study earnings are paid directly to the student according to the summer Work-study payroll schedule.