In 2022, tuition for full-time students at Franklin Pierce University was $39,055 a year.
Tuition increased 2.51% in 2022–from $38,100 the previous year. On average, college tuition goes up about 3% every year.
If these numbers feel scary, remember, the "sticker price" of tuition does not always give you all the info you need to know how much you will actually have to pay for college. Many students find the actual cost of college is far less than the total tuition after grants, scholarships, and tuition discounts are awarded. And, student loans can make theactual cost of attending college more manageable until after graduation.
Franklin Pierce University is a private, nonprofit institution, which means it has the same tuition for residents of New Hampshire as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for students who are residents of that state.
Choosing a school where you qualify for in-state tuition can save on the cost of tuition, as well as loans and interest owed. Take the time to verify your state's requirements for in-state residency. Each state has different requirements to qualify as in-state resident. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on where you live.
Tuition at FPU is the same for every student.
International students usually do not qualify for for federal financial aid, but may be eligible for private or school-specific aid and scholarships. International students with need may qualify for the following types of financial support at FPU:
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at FPU.
Housing and campus dining at FPU costs $15,300 a year. This includes the cost of living in dorms or other on-campus housing, plus a meal plan that allows you to eat all or some of your meals the FPU's on-campus cafeterias and dining halls.
Meal-plan costs vary based on on the numnber of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have resources so that those with demonstrated need to find ways to lower or eliminate these costs.
The total cost of transportation in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
A school's location can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in a city is usually pricey, but there may be more trains, busses and low-cost flight options to actually get to school. The Franklin Pierce University campus is located in a rural setting in New Hampshire.
When budgeting for college, don’t forget to factor in the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending FPU.
What will the cost of attending FPU be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$15,300|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Franklin Pierce University undergrads use financial aid to finance their education. In 2022, 1,092 of the 1,436 undergrads enrolled received financial aid. FPU meets 73% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $27,091 a year. Around 82% of FPU undergrads take out student loans to cover any remaining costs. FPU graduates who have student loans graduate with an average of $38,237 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Most Common Loans for FPU Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on FPU financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, FPU awarded 1,090 need-based scholarships to students, giving away total of $33.9 million to help students with financial need cover the cost of school. An additional $5.5 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for FPU students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at FPU was $27,091 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of FPU seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending FPU really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the FPU's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some schools offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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