by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Franklin Pierce University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Franklin Pierce offer, and what will you qualify for? Keep reading for more information. Keep going to find out just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Franklin Pierce University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Franklin Pierce University, 100% of first-time, full-time freshmen received some form of financial aid some 266 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $38,033 |
| Institutional grants & scholarships | 100% | $35,635 |
| Federal Pell grants | 33% | $5,557 |
| State/local grants | 11% | $3,280 |
| Federal student loans | 78% | $5,490 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, roughly 93% of undergrads got grants or scholarships worth on average $34,672 (covering around 989 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $34,672 |
| Federal Pell grants | 29% | $5,339 |
| Federal student loans | 70% | $6,429 |
For on-campus title-IV students, average grant aid came to $37,031.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $24,211 |
| $30,001 – $75,000 | $26,259 |
| Over $75,000 | $28,538 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,154 |
| Off-campus title-IV students | $26,906 |
To project your own net price, use Franklin Pierce’s net price calculator: franklinpierce.studentaidcalculator.com/survey.aspx.
The middle student in the debt distribution at Franklin Pierce owes $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Franklin Pierce.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,460 |
| Middle income | $19,500 |
| High income | $20,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,500 |
| Independent students | $10,256 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Franklin Pierce.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Franklin Pierce:
| Metric | Value |
|---|---|
| Stafford loan recipients | 11425 |
| Total Stafford loan amount | $235,566,936 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $358,680 |
| Average GI Bill amount per recipient | $17,934 |
References
More about our data sources and methodologies.