Undergraduate Student Loans

Federal Student Loans

Franklin Pierce University processes all Federal Stafford, Parent PLUS, and Graduate PLUS loans via the US Department of Education’s William D. Ford Direct Loan Program.

Pricing for the Direct Loan Program is as follows:

  • Subsidized and Unsubsidized Direct Stafford loans disbursed after 7/1/2014 and before 7/1/2015 have 98.93% of the loan amount disbursed onto the student account after loan origination fee has been deducted.  The interest rate for the 2014-2015 financial aid year is 4.66% fixed.
  • Parent Direct PLUS loans disbursed after 7/1/2014 and before 7/1/2015 have 95.71% of the proceeds disbursed onto their student account after loan origination fee has been deducted. The interest rate for the 2014-2015 financial aid year is 7.21% fixed.

Links:

Entrance Loan Counseling (ELC)/Master Promissory Note (MPN) Instructions

Parent PLUS Loan Application (2014-2015)


Alternative Loans

The staff of the Office of Student Financial Services recommends that students and their families maximize all federal, state, and institutional financial aid programs first when financing a Franklin Pierce University degree.

We recommend that parents of undergraduate students seek the Federal Direct Parent PLUS loan as the preferred loan program to pay for costs not covered by the Federal Direct Stafford Loan programs and other sources of financial aid. Students who use an Alternative Loan may borrow from the lender of their choice, but must notify the Office of Student Financial Services. Please feel free to contact us directly at 1-877-372-7347 with questions.

As a service to our students, Franklin Pierce University is providing a list of preferred lenders that can be viewed by clicking on the link below.  This site also provides a comparison tool and other resources that you may find useful in  your search for alternative financing options. We recommend these lenders based on the quality of products and services they provide to students and families. We have carefully considered our selections in order to provide you with the best possible list of suggested lenders. However, if you wish to use another lender that is not on this list, you have the right to do so.

View a list of preferred lenders.

For more information contact the Office of Student Financial Services at 877.372.7347 or osfs@franklinpierce.edu.