Your Investment - Our Commitment

Neumann University’s Office of Financial Assistance is committed to providing every eligible student and their family with the best options to make a Neumann education affordable. We understand this investment will provide these students with high yield opportunities in their future. We are excited to be part of their journey!

How Much Will Neumann University Cost?

We realize this is the big question. Our cost of attendance is listed below, but you won’t know for sure how much Neumann will cost you until you apply for financial aid and receive your financial aid notification.

The typical costs of attendance for the '20-'21 academic year* include the following:

Item

Cost

Tuition/Fees

$32,956

Housing/Meal Plan

  $14,260

Books

 $900

Total Cost*

$48,116

*Based on full-time, freshman undergraduate student living on campus.

Net Price Calculator

Estimate your level of need using the Net Price Calculator. This helpful tool gives you a starting estimate based on the information you provide. We encourage families to contact our office to discuss results in greater detail.

Types of Financial Aid

Financial aid is funding that helps students, and their families pay for college. It comes in the form of grants, scholarships, loans, and work-study.

Gift Aid

Grants and scholarships are considered “gift aid.” This type of aid does not need to be repaid and is not earned by working. Most grants are considered need-based awards, while scholarships typically are merit-based.

Federal Grants (Pell Grant, FSEOG -Federal Supplemental Education Opportunity Grant) are federally funded gift aid awarded to students who have exceptional need. The need is determined annually and is based on information provided through the FAFSA.

Neumann Grants are need-based awards funded through university and endowments established by generous alumni and friends of the university.

Pennsylvania State Grants are need based funds awarded to eligible Pennsylvania residents which helps them afford the costs of higher education at the undergraduate level.

Scholarships/Merit-Based Awards

Scholarships and merit-based awards are gift aid awarded to undergraduate students solely on a merit basis. All first year, transfer and international students who complete an application for admission are considered for merit-based scholarships. No separate application is required.

Each year, the profile of the scholarship recipients varies based on the academic success of the applicant pool. These scholarships are awarded to students who have succeeded in their academic pursuits throughout their education journey.

For more information on the scholarships awarded by Neumann University, please visit our scholarship page.

Loans

Loans are funds that are borrowed and must be repaid over time, usually with interest. Loans can be made available through the federal government or lending institutions such as banks and credit unions. Some loans are based on financial need, while other loan options are available to all students regardless of their need levels. Loan repayment periods and terms vary, and it is important to understand this information when deciding to take out a loan.

  • Federal Loans (Direct and Parent Loans for Undergraduate Students [PLUS])

Federal Direct loans are funds that a student is required to repay after graduating from college (or once no longer enrolled at least half time). Parent Loans for Undergraduate Students (PLUS) are funds that a credit-worthy parent may borrow. Learn more about federal loans by visiting the Federal Student Aid website.

  • Private/Alternative Loans

A Private/Alternative Loan is a loan that a student can borrow to help finance the family's expected contribution. These loans are based on one's credit history. A student who has not established credit can apply with a co-borrower and can borrow up to the cost of attendance minus any aid received. A wide variety of private loan providers are available. We strongly recommend that you carefully review all the terms of each individual loan, as they can vary greatly. Individual loan providers have their own applications and timelines. Plan to apply at least 30 days prior to the date the bill is due. ELMSelect.com is a great resource for private/alternative loans.

Student Employment

Federal Work-Study or Institutionally Funded Work Opportunity

Federal Work Study is a need-based form of aid which provides students an opportunity to earn money while enrolled in the University full time. There are also institutional employment opportunities available, so all full-time students have many opportunities to earn additional funds.

External Scholarships

There are many private scholarships you may apply for that may or may not be need-based. These awards are based on a range of factors, such as academics, career goals, etc.

You can access free scholarship information online at www.collegeboard.com or at www.gocollege.com and search for a scholarship that matches your interests and qualifications. The Office of Financial Assistance maintains a current list of external scholarships. Each private scholarship has its own criteria and application process. We strongly recommend that you avoid scholarships that require payment to apply. Be sure to carefully research the organization and be wary of scholarship scams.

How to Apply for Financial Aid

Neumann University highly recommends completing the FAFSA. Many scholarships and grants are awarded based on the information provided on the FAFSA. Be sure to list Neumann on your FAFSA. Neumann University's school code is 003988.

The 2021–22 FAFSA form is available now!

Make the process easier – have these items ready before completing your FAFSA:

  1. Your FSA ID-An FSA ID is a username and password that you can use to log in to certain U.S. Department of Education (ED) websites. We recommend creating your FSA ID early—even before you’re ready to complete the FAFSA. If you are a dependent student, your parent will need to create an FSA ID, too. IMPORTANT: Do NOT create an FSA ID on behalf of someone else. That means parents should not create FSA IDs for their children and vice versa. Doing so may result in issues signing and submitting the FAFSA form and could lead to financial aid delays.
  2. Your Social Security Number - You can find the number on your Social Security card. If you don’t have access to it, and don’t know where it is, ask your parent or legal guardian. You can get a replacement card by contacting the Social Security Administration.
  3. 2019 Tax Information-the easiest thing to do is link the tax information through the Internal Revenue’s Data Retrieval Tool. The IRS DRT is the fastest, most accurate way to input your tax return information into the FAFSA form. Not everyone is eligible to use the IRS DRT; and the IRS DRT does not input all the financial information required on the FAFSA form. Therefore, you should have your 2019 tax return and 2019 IRS W-2 available for reference.

To be considered for state grants, your FAFSA needs to be filed by the following deadlines:

Delaware Residents:
April 15, 2021

Pennsylvania Residents:
May 1, 2021

If you have any questions or issues, please contact the Financial Assistance Office at 610-558-5521.

Forms/Links

Free Application for Federal Student Aid (FAFSA)

The federal form 4506T is the paper request for a tax return transcript, w2 transcript, and/or letter of non-filing and can be faxed to the IRS as an alternative to requesting it online.

Using this version will have your request mailed to you.

For Academic Year 2021 – 2022

2021 – 2022 Financial Aid Special Consideration Form (pdf)

2021 – 2022 International Student Financial Aid Appeal Form (pdf)

2021 – 2022 New Request for Dependency Override (pdf)

Consortium Agreement

Federal Direct Loan Master Promissory Note

Federal Direct Loan Entrance Counseling

Federal Annual Student Loan Acknowledgement

Federal Direct PLUS Loan application

Federal Direct PLUS Loan Master Promissory Note

Frequently Asked Questions

You have questions- and we have answers! Check here for some of the most common questions. If the answer isn’t here, contact the Financial Assistance Team. Each director and counselor have at least ten years' experience in higher education, and you can count on us to provide you with the highest level of professionalism and insight.

Meet the Financial Assistance Team

Find your Financial Assistance counselor and reach out with any questions or issues you might have. We can provide personalized guidance because every student’s financial situation is different. Contact the Office of Financial Aid at finaid@neumann.edu or call 610-558-5521.