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How to Pay for College & How to Apply for Aid

What to know...

You can pay your out-of-pocket costs with a 5-month payment plan through TouchNet. Please follow the "How to set up a payment plan" guide. The payments are interest free but you will be charged a $40 enrollment fee each semester. Payments must be made on the first of each month and begin in August.

Federal Direct PLUS loans are federal loans that parents of dependent undergraduate students can use to help pay for education expenses not covered by other financial aid. Once your student has filled out a FAFSA, parents can apply for a Federal Direct PLUS loan at studentaid.gov.

  • Parent PLUS loans are federal loans that parents of dependent undergraduate students can take out to help pay for education expenses not covered by other financial aid. Once your student’s FAFSA has been received by Salem State, parents can apply for a Federal Direct Parent PLUS loan at studentaid.gov.
  • For Federal Direct PLUS Loan purposes, a parent is considered your biological or adoptive mother or father, but not a legal guardian.
  • Federal PLUS loans are also available to graduate or professional students. You can find more information on Federal Graduate PLUS Loans at studentaid.gov

Many families plan to use savings, home equity, or a 529 Education Plan to assist their students in school. To learn more about the best ways to the Tax Benefits for Education you can review the IRS Publication 970, Tax Benefits for Education at irs.gov.

For more information on Tax Credits for Higher Education Expenses visit studentaid.gov.

There is a significant number of external private scholarships that are not connected to Salem State University. Checking with your high school is a great place to start. Employers and community organizations often have scholarships available to students. You can also search the internet for scholarships. Scholarships.com and Fastweb.com are great places to start.

Private student loans can help you cover the cost of attendance that isn't covered by other aid you've received. These private loans are available through banks, credit unions, online lenders, and other financial institutions and must be paid back. Salem State does not endorse any particular lender; visit elmselect.com to compare student loan options.

Contact Us

Financial Aid

Monday–Thursday 8:30 am–5 pm, Friday 10 am–5 pm
Student Navigation Center: Second Floor, Classroom Building, Harrington (Central) Campus, 71 Loring Avenue, Salem, MA 01970
Mailing Address:
352 Lafayette St.
Salem, MA 01970
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