Saint Elizabeth University: Navigating Tuition Fees and Financial Aid Options

A college education represents a significant investment in one's future. However, the cost of attendance can be a major hurdle for many students and families. Saint Elizabeth University is committed to assisting students in meeting their financial needs, adhering to federal, state, and university regulations. More than 90 percent of full-time SEU undergraduates receive some form of financial assistance. SEU provides not only need-based funding but also merit awards for academic achievement, leadership potential, and community service. This article provides a comprehensive overview of tuition costs, available financial aid options, and important considerations for prospective students of Saint Elizabeth University.

Understanding the Cost of Attendance

The cost of attending college includes a number of elements. Saint Elizabeth University's tuition is $36,741. Compared with the national average cost of tuition of $47,097, Saint Elizabeth University is cheaper. These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers.

As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses.

In 2023, the median undergraduate tuition at Saint Elizabeth University is $33,886, which is $9,311 more than the national average for Masters Colleges and Universities ($24,575). After taking grants and loans into account, the average net price for students is $18,412.

Sticker Price vs. Net Price

The "sticker price" refers to the advertised cost of tuition and fees. For Saint Elizabeth University, the 2023 undergraduate tuition was $33,886. However, the "net price" represents the actual amount a student pays after factoring in grants and scholarships. The average net price at Saint Elizabeth University in 2023 was $18,412.

Your net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price.

Additional Expenses

Beyond tuition and fees, students should also budget for other expenses, including:

Books and Supplies: The average yearly cost of books and supplies was $1,700 in 2023.
Personal Expenses: $4,000 per year.
Room and Board: The average yearly cost of room and board at Saint Elizabeth University was $13,372 in 2023.

Financial Aid Options at Saint Elizabeth University

Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.

Saint Elizabeth University will assist all students in their efforts to meet their financial need in accordance with federal, state, and University regulations. Students' financial need is determined by subtracting the parents' and students' EFC (estimated family contribution as determined on the FAFSA) from the total estimated cost of attendance. Federal regulations require that these awards be treated as educational resources for determining the applicant's eligibility. If a student receives no-need based financial assistance, then the combination of all merit and outside resources may not exceed the cost of attendance. Students demonstrating financial need are packaged first with federal grants, then with state grants, then with institutional need-based grants, then with loans. A student may become ineligible for financial aid if he/she fails to maintain good standing or satisfactory academic progress. All incoming first-year students are required to submit their final high school transcripts prior to the beginning of their first semester of classes.

Grants

Grants can be given out by the federal government, your state, or the college and are based on your financial need. Grants do not need to be repaid. 53% of undergraduates that receive Pell grants.

Read also: Affording Saint Leo University

Scholarships

Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.

Some students receive enough in scholarship money to cover their tuition and living expenses. See the types of scholarships and grants available at Saint Elizabeth University below.

Types of need-based scholarships/grants available.

Student Loans

Student loans are sums of money given to students to help them pay for college now. You must pay this money back later with interest. 79% of full-time first-time undergraduates awarded federal student loans.

Need-based self-help aid includes federal loans and work-study. Merit-based aid, also called non-need-based aid, is awarded for a specific talent or athletic or academic achievement.

Read also: SLU Hospital Overview

Financial Aid Statistics and Trends

In 2023, 82% of undergraduate students attending Saint Elizabeth University received financial aid through grants. Comparatively, 63% of undergraduate students received financial aid through loans.

Average Aid Packages

Average Aid Packages Awarded$28,480

Student Loan Debt

How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.

At Saint Elizabeth University, the median federal loan debt among borrowers who completed their undergraduate degree is $24,934. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $264.

Additional Considerations

Enrollment and Demographics

Saint Elizabeth University had a total enrollment of 1,009 students in 2023. The full-time enrollment at Saint Elizabeth University is 774 students and the part-time enrollment is 235. This means that 76.7% of students enrolled at Saint Elizabeth University are enrolled full-time.

The enrolled student population at Saint Elizabeth University, both undergraduate and graduate, is 28.5% Black or African American, 27.5% White, 25.6% Hispanic or Latino, 3.77% Asian, 1.49% Two or More Races, 0.991% American Indian or Alaska Native, and 0.198% Native Hawaiian or Other Pacific Islanders.

Graduation and Retention Rates

The retention rate for full-time undergraduates at Saint Elizabeth University was 80%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Saint Elizabeth University had a retention rate higher than its peers.

In 2023, 29% of students graduating from Saint Elizabeth University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 39% completed their degrees within 150% of the normal time, and 40% within 200%.

Outcomes

In 2023, 362 degrees were awarded across all undergraduate and graduate programs at Saint Elizabeth University. 74.9% of these degrees were awarded to women, and 25.1% awarded men. The most common race/ethnicity group of degree recipients was white (142 degrees), 2.03 times more than then the next closest race/ethnicity group, black or african american (70 degrees).

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