Financial Aid Basics

Undergraduate - Rindge

Incoming Students

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 at http://www.fafsa.ed.gov/. 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.

Continuing Students

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. Click here for more details: Accepting/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

Undergraduates : $57,500 - 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 PLUS Loans 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, 2019, the Loan Origination Fee for the Stafford loan is 1.059%.  From July 1, 2019 through June 30, 2020, the interest rate for the Stafford loan is 4.53% 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:

  1. Submit your FAFSA. This is done online at www.fafsa.ed.gov
  2. 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:

  1. ENTRANCE COUNSELING: If this is your first time borrowing as a student at Franklin Pierce University, you will need to complete Entrance Counseling at: www.studentloans.gov
  2. MASTER PROMISSORY NOTE: If accepting a Subsidized and/or Unsubsidized Stafford loan, you will need to complete a Master Promissory Note for at: www.studentloans.gov
  3. 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. Form and Refund Schedule are available on our web site – see link below.

ALTERNATIVE FINANCING 

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 note that we have a Preferred Lender List on our web site that may be of use in that regard – see link below.

REFUNDS FOR BOOKS & OTHER EDUCATION-RELATED EXPENSES

Credit left on the accounts after tuition, fees, bookstore charges, etc. have been deducted can be used for education-related expenses. These funds are released to the student in the form of a refund check about three to four weeks after the start of each term. A Refund Schedule is posted online to assist students with planning their finances.

A Refund Request Form must be submitted each financial aid year to request that the credit balance be released to the student each term. Checks are mailed to the address in the main university computer system. When you need to change the address on file, contact the Registrar’s Office via phone: 603-899-4068 or via email:

SCHOLARSHIPS

Franklin Pierce University offers an annual Alumni Association scholarship which opens for applications in late November. In addition, several other scholarships are offered at the beginning of each calendar year through a single application process. Any scholarships that are available through Franklin Pierce University will be announced to students via email a month or so before the application deadline. Application instructions will be included in that communication.

STUDENT FINANCIAL SERVICES CONTACT INFORMATION

Toll-free phone: 877-372-7347 then press 2.
Email:  
Fax: 603-899-4372

Financial Aid Counselor (Last Names A-K):  Sue Connors
Phone: 603-899-4184
Email: 

Financial Aid Counselor (Last Names L-Z):  Cindy Freda
Phone:  603-899-4183
Email: 

IMPORTANT WEB SITE LINKS

Tuition & Fees  

How to Apply for Financial Aid

Campus Web

Forms & Instructions  

Preferred Lender List →

CONTACT
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.