Pricing for the Direct Loan Program is as follows:
Subsidized and Unsubsidized Direct Stafford loans disbursed after 7/1/2015 and before 7/1/2016, have 98.93% of the loan amount disbursed onto the student account. The interest rate for undergraduate Direct Stafford loan borrowers is fixed at 4.29% and for graduate Direct Stafford loan borrowers is fixed at 5.84%(effective 7/1/2015).
Graduate Direct PLUS loans disbursed after 7/1/2015 and before 7/1/2016 have 95.71% of the proceeds disbursed onto the student account.
Graduate PLUS Loan students may borrow under the Graduate PLUS Loan Program. PLUS loan limits equal the student’s cost of attendance minus other financial aid with no aggregate loan limits. The interest rate for Graduate PLUS loan borrowers is fixed at 6.84% (effective 7/1/2015). Repayment begins within 60 days of when the loan is disbursed but deferment options are available.
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 and that Graduate students seek the Federal Direct Graduate 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.