As a member of Pennsylvania's State System
of Higher Education, Shippensburg University can offer you a quality education
at a surprisingly affordable cost. However, many qualified students still
need financial aid in order to attend college. Shippensburg University
awards extensive financial aid to students who desire a college education,
but cannot pay the full cost.
If you would like the Financial Aid Office to calculate an estimated financial aid package for you for the 1999-2000 academic year, complete the Shippensburg University Financial Aid Estimator located at the end of this brochure. This estimator is intended to provide the Financial Aid Office with the information necessary to perform an estimated need analysis before the actual financial aid applications become available on January 1.
Therefore, submit the estimator to the Financial Aid Office by December
31, 1998. (Note: The estimator does not replace the actual application!
To apply for financial aid, you will still need to complete a 1999-2000
Free Application for Federal Student Aid after January 1, 1999).
|Tuition and Fees||In-state||Out-of-state|
|Tuition||$ 1,734||$ 4,412|
|Room and Board||2,006*||2,004*|
|Educational Services Fee||173||173|
|Student Activity Fee||100||100|
|Student Union Fee||102||102|
|Health Services Fee||64||64|
|Total Per Semester||$ 4,179||$ 6,857|
|Total Per Academic Year||$ 8,358||$ 13,714|
**These figures reflect the direct costs of attending
Shippensburg University. They only include the estimated amount you will
be billed for tuition, fees, room and board. These figures do not include
the cost of books and personal expenses. For purposes of awarding financial
aid, we estimate your books will cost $550 per year, and your personal
expenses will be $1,694. Therefore, we estimate a total cost of
attendance of $10,602 for instate students and $15,958 for outofstate students.
Almost every student can receive some type of financial assistance. If you are admitted to SU, are a U.S. citizen or an eligible noncitizen, are not in default on any previous student loans, and are in compliance with Selective Service registration requirements, you will be eligible for some type of financial aid. Contrary to popular belief, students are not immediately excluded from consideration if the family's income is "too high." Every applicant is different; a lowincome student may qualify for grants, workstudy, and loans, while a wealthier student may qualify only for student and parent loans. Everyone who meets the criteria listed above will qualify for financial aid; the family's financial situation will determine what kind of aid it will be.
Grants: Grants are monies made available by state and/or federal governments. Grants do not need to be repaid. The amount of a grant depends upon your degree of financial need, available funding, and program limits.
Loans: Loans are made available by state and/or federal governments. They must be paid back. In some cases interest is not charged until after graduation. The rate of interest depends on the type of loan borrowed.
Employment: Student employment programs are funded with state and federal dollars. Many students find employment opportunities related to their major field of study and gain valuable practical experience.
Scholarships: Scholarships are funded by foundations, community, religious, civic, or business organizations. They often are awarded on the basis of excellent academic or extracurricular accomplishments, and not on the basis of financial need alone. For a listing of scholarships offered at Shippensburg University, consult the scholarship section of this brochure. You are also encouraged to do research at your local library and in your community for outside, private scholarship sources.
The Supplemental Educational Opportunity Grant (SEOG) is awarded to the neediest students. Awards vary depending upon fund availability and financial need. The results of your Free Application for Federal Student Aid (FAFSA) must reach the Financial Aid Office by May 1, 1999 in order for you to be considered for this grant.
The PHEAA Grant is awarded by the Commonwealth to needy Pennsylvania residents who are attending college. Apply for this grant by completing the FAFSA by May 1, 1999.
The Federal Stafford Loan is a longterm, lowinterest loan authorized by the federal government for the educational expenses of students who are enrolled at least halftime. Students borrow the loan from a private lender (participating bank or credit union).
There are two types of Stafford Loans. The subsidized Stafford
Loan is interestfree to the student while in school. On the unsubsidized
Stafford Loan, the student is charged interest while enrolled in school.
The student may opt to pay it as it accrues, or allow it to accrue and
capitalize. The interest rate is variable annually, with a cap of 8.25
percent. Repayment of both principal and interest begins six months after
the student leaves school.
Any student can qualify for a Stafford Loan, regardless of financial need. The family's income and financial situation will determine if the applicant qualifies for a subsidized and/or an unsubsidized loan. Needier students generally qualify for subsidized loans, while less needy students qualify for unsubsidized loans. Between the two programs, a dependent student may borrow up to $2,625 per academic year as a freshman (029 credits completed); up to $3,500 per academic year as a sophomore (3059 credits completed); and up to $5,500 per academic year as a junior or senior (60 or more credits completed). Independent students may borrow an additional unsubsidized Stafford Loan if necessary (up to $4,000 per year as a freshman or sophomore, and up to $5,000 per academic year as a junior or senior).
The Federal PLUS Loan allows parents of dependent students to borrow up to the total cost of attendance, less any other aid received. Parents borrow the loan from a private lender (participating banks and credit unions).
The interest rate on the PLUS Loan is variable, with a cap of 9 percent.
Repayment of principal and interest begins 60 days after disbursement,
generally with a 510 year repayment period.
|Program||Basis of Award||Amount of Annual Award||Application Deadline||Remarks|
|PHEAA Grant||Need||Varies||May 1, 1999||PHEAA must receive the FAFSA by May 1|
|Federal PELL Grant||Need||Maximum $2,700||May 1 , 1999||Federal funds|
|Federal SEOG Grant||Exceptional need||Average $300||May 1 , 1999*||awarded are based on the need analysis|
|Federal Perkins Loan||Need||Average $1,000||May 1, 1999 *||Federal funds awarded are based on the need analysis|
|Federal Stafford||Up to $2,625 in fr. yr., up to $3,500 in so. yr., up to $5,500 in jr./sr. yrs.||Apply 4-8 weeks prior to the start of enrollment period|
|Federal Plus Loan||Up to cost of education less other aid received||Apply 4-8 weeks prior to the start of enrollment period|
|Alumni Student Loan||Need||Up to tuition costs||No deadline||Available to academically outstanding students|
|Bush Student Loan||Need||Up to $2,500||No deadline||Available to academically outstanding students|
|Federal Work Study||Need||Varies||May 1, 1999|
|Campus Employment||Open||Varies||May 1, 1999||70% of amount earned minus taxes reflected as a part of student's contribution for next academic year|
|Veterans G.I. Bill||Military service||Varies||Allow 4-6 weeks for processing|
|Vocational Rehabilitation Benefits||Disability||Varies||Contact the Office of Vocational Rehabilitation|
|Office of Admissions
1871 Old Main Drive
Shippensburg, PA 17257-2299
717-532-1231 1-800-822-8028 toll free
Web site: http://www.ship.edu
|Office of Financial Aid
1871 Old Main Drive
Shippensburg, PA 17257-2299
1-800-447-1389 toll free
Shippensburg University of Pennsylvania, in compliance
with federal and state laws and university policy, provides equal educational,
employment, and economic opportunities for all persons without regard to
race, gender, age, ethnicity, national origin, religion, sexual orientation,
or marital, veteran, or disability status. Direct requests for disability
accommodations and other inquiries to the Office of Social Equity, Old
Main 109, Shippensburg University, 1871 Old Main Drive, Shippensburg, PA
17257-2299, (717) 532-1161.