Alternative Financing Options

(Undergraduate College at Rindge)

Franklin Pierce University recognizes that most students and families require financial methods in which to bridge the gap between what the cost of attendance is and the student’s eligibility for financial assistance. The following resources are recommendations we have made in order to assist with financing a Franklin Pierce University degree.

Monthly Payment Plan

Franklin Pierce University partners with TuitionPay in order to provide students with the option of paying the balance on their tuition account via a 10 month, interest free payment plan. There is a $100.00 enrollment fee. Students can enroll in TuitionPay online at https://tuitionpay.salliemae.com/tuitionpay/tpphome.aspx?franklinpierce

Parent PLUS Loan

The Parent PLUS loan is a federally-backed loan program that allows for parents of undergraduate students to borrow funds up to the student’s total cost of attendance (as determined by the Student Financial Services Office) less awarded financial aid. The Parent PLUS loan has a fixed interest rate of 7.90%, with options of deferring repayment until after the student graduates. Franklin Pierce recommends that parents who choose the deferred payment option make interest payments on the PLUS loan to avoid capitalization. As a Direct Loan participant, Franklin Pierce University will only process PLUS loans that are approved directly through the US Department of Education. Parents can apply online HERE.

Alternative/Private Credit-Based Loans

Franklin Pierce University recommends the following student loan programs for students to consider. Each of these loan programs requires a credit-worthy applicant or co-borrower in order for it to be approved. Franklin Pierce strongly recommends that borrowers read the terms and conditions of each loan carefully before borrowing funds.

Chase Select Alternative Loan: https://apply.chase.com/edfi/PreQualSearch.aspx
Or via phone at 1-800-306-0868

Citizens Bank TruFit Student Loan: www.citizensbank.com/trufitstudentloan
Online user support; 1-866-259-3767

Discover Student Loans: http://www.discoverstudentloans.com/student/private.aspx
Or via phone at 1-877-728-3030

Sallie Mae Smart Option Loan: http://www.salliemae.com/im_applying/smart-option-checklist.htm
Or via phone at 1-888-272-5543

Wells Fargo Alternative Loan: www.wellsfargo.com/student
Or via phone 1-800-658-3567