Alternative Financing Options

Undergraduate Financing Options

Alternative Financing Options

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

The staff of the Office of Student Financial Services recommends that students and their families utilize our monthly payment plan to finance all or a portion of the gap between the direct costs of attendance less the financial assistance offered. 

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 6.84% 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. View the Parent PLUS Loan Application PDF.

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.

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.

Student Financial Services(877) 372-7347

Office Hours

Mon - Wed:
8 a.m. - 4:30 p.m.
Thur: 8 a.m. - 3:00 p.m.
Fri: 8 a.m. - 4:30 p.m.