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Home > Financial Assistance > College Affordability and Transparency Act
In 2024, Pennsylvania enacted the College Affordability and Transparency Act (PA Act 69) to increase financial transparency in higher education. The law requires colleges and universities to provide students and families with more comprehensive information about tuition, fees, financial aid, and the overall cost of attending college.
Neumann University is committed to helping students and families make informed financial decisions. The following information and resources are provided in accordance with PA Act 69.
Student Fee Transparency
Institutions must post online all mandatory fees in advance of the start of the academic term for which the fee will be charged and included on a tuition bill. The posting must include the purpose of the fee and a description of how it will be used.
Current Mandatory Fees
Information about mandatory fees for the current academic year, including fees reflected on student tuition bills.
Previous Academic Year Mandatory Fees
Information about the total amount of mandatory fees collected during the previous academic year. Previous academic year data will be posted annually by November 15.
Higher Education Cost Transparency
Institutions must provide prospective students with extensive cost and financial aid information as part of the admission and financial aid offer process. This information will help students to make fully informed decisions when selecting an institution of higher education.
Tuition and Cost of Attendance
First year tuition, both mandatory and optional fees, a breakdown of housing and food plan choices, and the costs for books and supplies. This is an estimated total Cost of Attendance (COA).
An estimated total Cost of Attendance (COA) is also included in prospective students' financial aid offer letters, which can be accessed through the Neumann Experience Student Portal.
Financial Aid and Renewal Requirements
Financial aid offered by the institution, including details on whether financial aid is renewable each year and the requirements for renewal by November 15 in subsequent years.
Student Employment Opportunities
Explore available student employment opportunities that may help students offset educational expenses while gaining valuable work experience.
Net Cost of Attendance
Review information about the estimated net cost of attendance, calculated by subtracting scholarships and grants from the total cost of attendance. Students can also explore estimated costs for future academic years.
Previous Tuition and Estimated Future Costs
Review tuition and fee information from the previous academic year, along with projected tuition and fee estimates for future years through completion of a student's academic program.
Exit Counseling
Institutions must provide financial aid exit counseling to students at the end of their final academic term or when a student stops attending. Students can elect not to participate.
Federal Student Aid (FSA) Federal Loan Exit Counseling does not supplant this requirement. Counseling may be in-person or online, and institutions may partner with the Pennsylvania Higher Education Assistance Agency or a similar entity.
Student Loan Payment Assistance and Forgiveness
Information on available federal and state programs, including relevant websites and contact details, that can help with student loan payments, reductions, or forgiveness.
Student Loan Repayment Options and Calculators
Learn about available student loan repayment plans and use an online calculator to estimate monthly payments and compare repayment options.
Beginning or Delaying Loan Repayment
Find information about when student loan repayment begins and the options available to eligible borrowers who need to postpone payments.
Schedule Your Exit Counseling
Institutions are to make exit counseling available to each student at the end of the student’s final academic term or when a student stops attending.
For virtual or in-person exit counseling, please contact the Office of Financial Aid at finaid@neumann.edu to set up an appointment.
Email: finaid@neumann.edu
