Financial Aid Summary

Note: For more information on financial aid beyond this summary, click here.

 

Chestnut Hill College is a place that provides a holistic education, in a beautiful setting, among an inclusive community. The value of such an education is high; the personal attention in the classroom coupled with an active student life both on and off campus provides students and parents with more than just a degree after four years. It leaves students with the feeling of being prepared to enter the "real world" with skills that transcend the classroom.    
 
Chestnut Hill College values our students as well; we offer generous merit awards and scholarship opportunities. The effort given in high school is something that is noticed here, earning the average first year student $11,500 per year in merit based scholarships.

 

2013-14 Academic Year: Tuition & Fees

  

Commuter 

             

 Resident 

Tuition 

 *$31,000 

 

 *$31,000 

Additional Fees 

 *$305

 

 *$305

Books    

$1,050

 

$1,050

Room and Board 

 - - 

 

  **$9,875 

Transportation

$687

 

$192

Misc. Expenses

$2,025

 

$3,105

Total 

 $34,062 

 

 $44,267 

  

Please note: All students enrolling in the College for the FIRST time beginning with the 2013-14 academic year and subsequent years will be charged a $150 Matriculation Fee upon initial enrollment.

* Denotes direct cost.

* Non-refundable after May 1st 

** Room and board based on the ESTIMATED cost of a double occupancy room in Fournier Hall with a 19 meal plan per week.

 

Exploring All Your Opportunities

Our Financial Aid Office awards financial aid packages, giving students the best advantage toward making their educational goals a reality.  There are also many additional opportunities to help cover the expenses of a degree.
 

State and Federal Programs: 

  • Federal Pell Grants - A Pell Grant is a need-based award that does not have to be repaid.  The grant is determined by the Department of Education based on your financial need, calculated from the information you submitted on the FAFSA and your enrollment status.   
     
  • PHEAA State Grant - This grant is awarded by the Pennsylvania Higher Assistance Agency (PHEAA). To be eligible for this award, you must be a Pennsylvania resident pursuing your first undergraduate degree. The PHEAA Grant is based on your financial need as determined by PHEAA from the information submitted on the FAFSA. You must apply before May 1, 2014. 
     
  • Federal Supplemental Education Opportunity Grants - The Federal SEOG grant is awarded to you based on exceptional financial need (i.e. students with the lowest expected family contribution EFCs) and availability of funds. If you are Pell Grant eligible, you will be considered first for the FSEOG grant. 
     
  • Federal work study - Federal College Work-Study earnings are an important source of funding your education. You may utilize work-study earnings to help defray costs during the academic year. The money you earn will be paid directly to you bi-weekly to a direct deposit account you have established. Since the Federal Work-Study Grant pays you directly, work-study money is not deducted from your tuition bill
     
  • Federal Perkins Loans - The Federal Perkins Loan is a 5% fixed rate loan for students with exceptional financial need. If you receive and accept the Perkins Loan, the Financial Aid Office will send you a Perkins Loan Promissory Note, a Truth-in-Lending Statement, and a Statement of Rights and Responsibilities. These forms will be mailed to you when it is time to complete the loan application. The Perkins Loan will be credited to your tuition account after you submit the signed loan note and required forms to the Financial Aid Office. The Perkins Loan constitutes legal debt that must be repaid. 
     
  • Federal Direct Loans - There are two types of Direct Loans: Federal Subsidized Direct Loan and Federal Unsubsidized Direct Loan.  The Federal Subsidized Direct Loan is a fixed rate loan for undergraduate students, if eligible. An undergraduate student may borrow up to $3,500 for the first year, $4,500 for the second year, and $5,500 for two additional years, and if needed, an additional $4,000 for the fifth year for an aggregate undergraduate maximum of $23,000.  The Federal Unsubsidized Direct Loan is a fixed rate loan for undergraduate students. If you do not qualify for a Federal Subsidized Direct Loan, a Federal Unsubsidized Direct Loan at 6.8% can be issued for the full amount of eligibility or in combination with the Federal Subsidized Direct Loan. Interest may be paid quarterly while you are in school or capitalized (added to principal each year). Repayment of principal starts six months after you leave school and you have ten years to repay the loan. 
     
  • Federal PLUS Loans (Parent loan for undergraduate students) - If you are a dependent student, the Federal Direct Parent PLUS Loan allows your parents to borrow money for your education. The PLUS Loan has a fixed rate of 7.9%.  A 2.5% fee is deducted from the loan from each disbursement. The maximum amount your parents can borrow is the cost of education minus any other financial aid received. Eligibility for the Federal Direct Parent PLUS Loan is determined by a credit check. 
     
  • New Jersey College Loans to Assist State Students - The NJCLASS program enables parents, spouses, legal guardians or other relatives to borrow on your behalf. You can apply with or without a cosigner as long as your income and credit requirements for the loan are met. There is a fixed, simple interest rate for the life of the loan. NJCLASS offers various repayment options for principal and interest. You must be a New Jersey resident to be eligible for this loan.  
     
  • National SMART grant (Students majoring in science or mathematics) - The National Science and Mathematics Access to Retain Talent Grant, also known as the National Smart Grant is available during the third and fourth years of undergraduate study (or fifth year of a five-year program) to at least half-time students who are eligible for the Federal Pell Grant and who are majoring in physical, life, or computer sciences, mathematics, technology, engineering or a critical foreign language; or non-major single liberal arts programs.  
     

Scholarships

We also suggest you and your student search the FREE and endless possibilities of Scholarships!  

 

www.Zinch.com 

www.fastweb.com 

www.aesmentor.org 

www.scholarships.com 

 

Private Educational Loans  

  • Borrow cost of education minus other financial aid 
  • No interest or principal paid until after graduation 
  • Most loans are credit-based and many require a co-signer 

For more information about financial aid, click here.

 

As you can see, there are abundant financial aid and scholarship opportunities, as well as federal student loans and other payment options, to help our students reach their educational goals. Chestnut Hill College prides itself on striving to be affordable for all academically qualified students who wish to attend.  If you would like to determine the estimated cost of attendance for your family, please use our Net Price Calculator. Our Admissions and Financial Aid Offices also offer individualized guidance, so that you can understand all of your financial options. We look forward to working with you.