Skip to Top Navigation Skip to Content Skip to Footer
The Beardsley Meeting House on the campus of Husson University



Husson University is committed to providing an outstanding quality education at an affordable price. Our reasonable and competitive tuition costs are the lowest possible for a private institution without state subsidies. However, even after all financial aid resources are taken into account, you may find that you still need to pay a portion of your Husson University charges (tuition, fees and room and board if living on campus).  Below is a description of the major loan programs.

You must repay your loans, so it is important to understand your options and responsibilities.

Loan funds will not be disbursed earlier than ten days prior to the start of a semester, but Husson University's Financial Aid Office determines the actual disbursement date. Loan funds will not be applied to your account until all necessary documents are received by the Financial Aid Office, including Direct Loan Entrance Counseling and a Master Promissory Note (MPN).

How does the Process Work?

  •  The Free Application for Federal Student Aid (FAFSA) is the first and most important step in applying for financial aid. It is used to determine your eligibility for need-based financial aid and all Federal, state and institutional student aid programs. Remember to include Husson University's school code (002043) in step six of the FAFSA.

  • Wait for the Financial Aid Office to send your Financial Aid Award Letter and complete your offer acceptance.

  • Make sure to complete your Master Promissory Note and Direct Loan Entrance Counseling on the FAFSA website, using your FSA ID.

  • Loans will be applied first to your tuition bill and then any refunds (if you are eligible) will be applied to your account.


Interest Rates and Loan Fees

Interest Rates for Direct Loans First Disbursed on or After July 1, 2024, and Before July 1, 2025

Interest Rates
Loan Type
Borrower Type
Fixed Interest Rate
Direct Subsidized Loans and Direct Unsubsidized Loans
Direct Unsubsidized Loans
Graduate or Professional
Direct PLUS Loans
Parents and Graduate or Professional Students

All interest rates shown in the chart above are fixed rates. A fixed rate will not change for the life of the loan.



For more information about interest rates and loan fees, please refer to the Department of Education's website:




Important Information About Borrowing and Repaying Student Loans


Whether you're borrowing federal or private student loans, different organizations (lenders, servicers, collection agencies, and more) play a part to ensure you receive and repay your money on time. For more information, Husson has teamed up with Ion Tuition to further support students.


A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.  The U.S. Department of Education releases official cohort default rates once per year. 

FY 17 Husson University Cohort Default Rate: 8%
FY 17 National Cohort Default Rate: 9.7%

80% of students enrolled at Husson University borrow federal student loans.

Click here to visit the Consumer Information page.