Students who are applying for admission to Franklin Pierce University are encouraged to complete the financial aid application process as quickly as possible. To do so, students must file the Free Application for Federal Student Aid (FAFSA) online. Franklin Pierce University's School Code is 002575. Please be sure to include this school code on your FAFSA so your results will be forwarded to us for evaluation.
Once FAFSA results are received by the Office of Student Financial Services, staff will review the data and tailor a financial aid package for the student, taking into consideration the student's eligibility for federal, state, and university sources of financial assistance. Students will receive instructions on how to accept/decline online. Information on education benefits for veterans and military personnel is available through the Registrars Office, along with application instructions.
Students who are anticipating returning to Franklin Pierce University for the next academic year must file the Free Application for Federal Student Aid (FAFSA) by March 1st. Please be sure to include 002575 as the school code for Franklin Pierce University so that your processed FAFSA results are received by the Student Financial Services Office. Students who fail to meet the March 1st application deadline run the risk of losing financial aid. Continuing students who apply on time will be notified of their financial aid information starting May 1st. Students will receive notification via their Franklin Pierce email when financial aid awards are available for viewing in their CampusWeb account. Awards must be accepted/declined online. Learn more about accepting and declining financial aid awards.
As long as the student is making satisfactory academic progress, has not had a significant change to their family financial situation over the last year, and has applied by the March 1st deadline, financial aid packages generally reflect the same levels of grant and scholarship support as in prior years. Notification of financial aid eligibility will be sent to the student via their Franklin Pierce email account.
Note: If your FAFSA results are selected for a review process called “verification,” a request for tax information and other documentation will be made prior to the evaluation of your financial aid application. Please respond promptly to all requests for information.
All information below is based on 2020-21 pricing effective 6/1/20.
TUITION & FEES
Materials fees may be charged for some courses. All students are charged a $200 graduation fee (except certificate programs) after the Notification of Candidacy has been approved by the Registrar’s Office. Pricing is subject to change June 1st of every year. New rates are generally posted online in April each year.
FINANCIAL AID – Award Process
Typically, we award students loan funds to cover tuition and fees only. Funds are available for a book allowance and other education-related expenses. For additional funds, please contact Student of Financial Services (SFS) to discuss your specific needs and loan limits with your financial aid counselor. The maximum allowed is based the anticipated enrollment entered on your Franklin Pierce online financial aid application. Students are responsible for notifying SFS of any changes in enrollment after loans have been finalized. If necessary, adjustments to financial aid will be made accordingly.
Most students are awarded Subsidized and/or Unsubsidized Stafford loans. Annual loan limits apply as follows:
|Level||Dependent Students***||Independent Students|
|Freshman||$5,500 - maximum of $3,500 subsidized||$9,500 - maximum of $3,500 subsidized|
|Sophomore||$6,500 - maximum of $4,500 subsidized||$10,500 - maximum of $4,500 subsidized|
|Junior/Senior||$7,500 - maximum of $5,500 subsidized||$12,500 - maximum of $5,500 subsidized|
|Graduate /Professional||Not Applicable||$20,500 Unsubsidized|
|Aggregate Loan Limits||$31,000— maximum of $23,000 subsidized||Graduate/professionals: $138,500 - maximum of $65,500 subsidized (includes all undergraduate federal loans)|
*** Dependent students whose parents are unable to obtain PLUSLoans are eligible for Independent student limits.
The funds are divided evenly over all three terms and disbursed after Add/Drop period has ended each term. Approximately a month after the start of each term, students borrowing funds over and above the cost of tuition will receive a refund of credit on account if not not needed to cover costs for future terms.
Please note that a Loan Origination Fee is deducted before each disbursement is released to the school. As of October 1, 2020, the Loan Origination Fee for the Stafford loan is 1.057%. From July 1, 2020 through June 30, 2021, the interest rate for the Stafford loan is 2.75% Interest rates are subject to change every year on July 1st.
APPLYING FOR FINANCIAL AID
There are two steps to applying for financial aid at Franklin Pierce:
- Submit your FAFSA online.
- Complete the online Franklin Pierce University financial aid application to indicate your program and how many credits per term you will be enrolled in. This is done on CampusWeb in the Financial Aid portal. Please note that you will need your Franklin Pierce University email username and password in order to access this form.
We will package your aid when the above items have been received.
After your financial aid package is prepared, it will be posted to CampusWeb and you will be sent an email with instructions on how to view/accept/decline your loans. You will also receive reminder email notices if any other action needs to be taken to complete the financial aid process such as:
- Entrance Counseling: If this is your first time borrowing as a student at Franklin Pierce University, you will need to complete Entrance Counseling on the Federal Student Aid website.
- Master Promissory Note: If accepting a Subsidized and/or Unsubsidized Stafford loan, you will need to complete a Master Promissory Note on the Federal Student Aid website.
- Refund Request Form: If you are taking loans in an amount over the tuition and fees to use for books and/or other education-related expenses, you will need to submit a Refund Request form with All Terms checked off. This is to ensure that you get your refund at the earliest possible time each term. The Refund Schedule, Refund Request Form, and other important forms are available on our Financial Aid Forms page.
If you prefer to use private loans to fund your education, please let us know what lender you have applied to and the amount of the loan so we can coordinate disbursements with them. If you are researching loans, please review the Preferred Lender List that may be of use.