II

Undergraduate Student Loans

Incoming Students:

Incoming students awarded a Federal Subsidized or Unsubsidized Stafford Loan will be sent notification after July 1, 2008 to complete a Master Promissory Note (MPN). This document will be used in order for your Stafford Loan funds to be disbursed onto your student account.

You may choose any lender to fund your Stafford Loan. Franklin Pierce University has prepared the following lender list, outlining borrower benefits, for students to choose from when completing the online Master Promissory Note. This information will be included via the online portal after July 1, 2008. Students do not need to complete this process until after July 1, 2008. Should you select a lender that is not on the Franklin Pierce University lender list, you must notify your SFS Counselor via email.

Continuing Students:

Students continuing their program of study at Franklin Pierce University in the Fall 2008, who were enrolled during the 2007-08 academic year, will not have to complete another Master Promissory Note unless the student wishes to change their lender. Students wishing to change their lender must notify their SFS Counselor in writing, prior to May 1, 2008. Otherwise, Stafford loans for 2008-09 will be generated with the same lender you used in the previous academic year.


Federal Stafford Loan

Citizens Bank Stafford Loan
Lender Code 807329  - Servicer: Sallie Mae  800-708-6684

  • 1% Origination Fee.
  • 1% Federal Default Fee.
  • Fees will be deducted from the approved loan amount upon disbursement.

      Benefits

  • 0.25% interest rate reduction for automatic payment deduction from any bank account
  • Make no payments until 6 months after you graduate
  • No credit check or co-borrower required
  • Convenient repayment options
  • Easy online application
  • Apply Now

New Hampshire Higher Education Loan Corporation
      Lender Code 832994 – servicer: Granite State Management and Resources  800-525-2577

  • 1% Origination Fee.
  • 1% Federal Default Fee.
  • Fees will be deducted from the approved loan amount upon disbursement.

      Benefits:

  • .25% interest rate reduction upon repayment, when payments are set up to auto-deduct from a bank account.
  • Personalized and dedicated customer service from trained representatives based in Concord, NH
  • Life-of-loan servicing as NHHELCO does not sell our loans.
  • Easy-to-use and comprehensive online services from application (with electronic signature) to final pay-off manage your account at your convenience!
  • Combined billing for all your NHHELCO loans.
  • Apply Now

Sallie Mae Education Trust
     Lender Code: 802218 – Servicer:  Sallie Mae 888-272-5543

  • 1% Origination Fee.
  • 1% Federal Default Fee.
  • Fees will be deducted from the approved loan amount upon disbursement.

     Benefits:


Parent Plus Loan

 

The Parent PLUS Loan for Undergraduateraduate Students (PLUS) is available for students studying in an undergraduate degree program.  Students benefit from a fixed annual interest rate of 8.5%. Franklin Pierce University recommends three lenders for PLUS loans, but will certify a PLUS loan from any other lender the student chooses. Should the student choose a lender not listed, below, please contact the Student Financial Services Office to alert us of the lender you have chosen.

 

Citizens Bank PLUS Loan
    Lender Code 807329  - Servicer: Sallie Mae  800-708-6684

  • 3% Origination Fee.
  • 1% Federal Default Fee.
  • Fees will be deducted from the approved loan amount upon disbursement.

      Benefits

  • .25% interest rate reduction for automatic payment deduction from any bank account
  • Apply Now

New Hampshire Higher Education Loan Corporation
      Lender Code 832994 – servicer: Granite State Management and Resources  800-525-2577

  • 3% Origination Fee.
  • 1% Federal Default Fee.
  • Fees will be deducted from the approved loan amount upon disbursement.

      Benefits:

  • 0.25% interest rate reduction upon repayment, when payments are set up to auto-deduct from a bank account.
  • Personalized and dedicated customer service from trained representatives based in Concord, NH
  • Life-of-loan servicing as NHHELCO does not sell our loans.
  • Easy-to-use and comprehensive online services from application (with electronic signature) to final pay-off manage your account at your convenience!
  • Combined billing for all your NHHELCO loans.
  • Apply Now

Sallie Mae Education Trust
     Lender Code: 802218 – Servicer:  Sallie Mae 888-272-5543

  • 3% Origination Fee.
  • 1% Federal Default Fee.
  • Fees will be deducted from the approved loan amount upon disbursement.

     Benefits:


Alternative Student Loan

 

Alternative/Private loans are available to students based upon creditworthiness. Most students will need a co-borrower in order to qualify for an alternative loan. Franklin Pierce University recommends the following alternative/private loans for students to consider. Should students wish to secure an alternative/private loan not listed below, please contact the Student Financial Services Office to alert us of the lender you have chosen.

Citizens Bank Signature Loan
Lender Code 833883  - Servicer: Sallie Mae  800-708-6684

Sallie Mae Education Trust
     Lender Code: 802218 – Servicer:  Sallie Mae 888-272-5543

 

For more information contact the Office of Student Financial Services at 877-372-7347 or osfs@franklinpierce.edu.