All information below is based on 2019-20 pricing effective 6/1/19 and loan limits for first-year MPAS students.
TUITION & FEES
The current tuition rate is $11,700 per term plus there is a one-time $860 Medical Kit fee in the first term and a $200 graduation fee charged within the last two terms of the program. Charges are subject to change June 1st of every year. New pricing is generally posted online in May each year.
Estimated Tuition & Fees for Program:
Medical Kit Fee $860
Admin Fee $1,000
Graduation Fee $200
For other fees associated with the program see the Tuition & Fees web page.
FINANCIAL AID – FEDERAL STAFFORD & GRADUATE PLUS LOANS
Typically, we award MPAS students the maximum allowed based on annual Cost of Attendance: $60,930 for the first year/three terms which includes tuition, fees, books, supplies, transportation and living expenses. (Only three terms are awarded the first year because the MPAS program starts in the second term of the financial aid year.) This is awarded through two federal loans: an Unsubsidized Stafford loan of $20,500 (the maximum allowed each financial aid year) and the balance with a Graduate PLUS loan of $40,430. The funds are divided evenly over all three terms and disbursed after Add/Drop period has ended each term. A student accepting the maximum can expect to have approximately $7,679 available to be used for living expenses each term. (Second- and third-year MPAS students will have $10,372 to $10,752 available due to higher Cost of Attendance in those years.) Students are under no obligation to take the full amount and have the opportunity to reduce the amount when they accept their loans. We recommend students contact the Student Financial Services office if they are not going to take the maximum so we can recommend a loan amount to best meet their needs.
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% and for the Graduate PLUS is 4.236%. This is how the loans will net out with the loan fees deducted:
|Gross||Net||Net per Term|
From July 1, 2019 through June 31, 2020, the interest rate for the Stafford loan is 6.08% and for the Graduate PLUS is 7.08%. Interest rates are subject to change on July 1, 2020.
APPLYING FOR FINANCIAL AID
There are two steps to applying for financial aid at Franklin Pierce:
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:
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, SUPPLIES & LIVING EXPENSES
Credit left on the accounts after tuition, fees, bookstore charges, etc. have been deducted can be used for education related and living expenses. These funds are released to the student in the form of a refund check about two to three weeks after the start of the term. A first-year student taking the maximum loan amount will receive an average of $7,700 per 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 & GRADUATE ASSISTANTSHIPS
Franklin Pierce University scholarship offers an annual Alumni Association scholarship which opens for applications in late November. When the Association is accepting applications emails are sent to all students receiving financial aid. Any other grants or scholarships that may become available through Franklin Pierce University will be communicated to students via email. There are also Graduate Assistantships available; contact Human Resources about these positions ( ). There are a limited number of Work-Study positions available as well; contact your program director about these opportunities when your program starts.
STUDENT FINANCIAL SERVICES CONTACT INFORMATION
Toll-free phone: 877-372-7347 then press 2.
Financial Aid Counselor: Kerrianne Conforti
IMPORTANT WEB SITE LINKS