How to Apply for Financial Aid
Franklin can help make the financial aid process aggravation free. Keep reading for our simple, step-by-step instructions about applying for financial aid, including eligibility, deadlines and more.
Franklin can help make the financial aid process aggravation free. Keep reading for our simple, step-by-step instructions about applying for financial aid, including eligibility, deadlines and more.
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Learn how to get grants to cut college costs.
Step into your future by applying for admission to Franklin University, one of few nonprofit universities nationwide that is dedicated to educating busy, working adults. Complete our simple and secure online application in about 20 minutes.
If you’re interested in getting financial aid to help pay for college, you first must file a FAFSA. The FAFSA is used to determine your eligibility for aid, so you must file a new FAFSA every school year. Be sure to include Franklin’s school code, 003046, on your FAFSA. New students who plan to use financial aid to assist in financing their education are required to complete the FAFSA before registering for their first semester.
FAFSAs are accepted on a rolling basis; however, we do encourage you to apply by the priority deadline to have the best opportunity for federal and state grants. Funding may be limited for those who complete the FAFSA after these priority deadlines.
File the 2024-25 FAFSA by the Priority Processing Deadlines
Term | Priority Date* |
Summer 2024 | March 15, 2024 |
Fall 2024 | June 15, 2024 |
Spring 2025 | October 1, 2024 |
Preparing to file your FAFSA? Download this free report and get insider tips to help you avoid common FAFSA mistakes and receive the maximum benefit possible.
You may be eligible for other types of college financial aid or tuition assistance, such as employer reimbursement, Bureau of Vocational Rehabilitation (BVR), National Guard, prepaid tuition plans, or scholarships.
If you are receiving tuition assistance (payment or reimbursement -- not grants or loans) from another source outside of financial aid, please complete the Declaration of Outside Tuition Assistance form located on the Documents & Forms page. Failure to disclose this information before Franklin determines your financial aid eligibility may result in delays, or partial or full loss of financial aid funds.
You may randomly be selected by the Federal government to verify the accuracy of your FAFSA information. You may also be selected for verification if your FAFSA was incomplete, inconsistent, or based on estimated information.
If selected, Franklin’s Financial Aid Office will send you an email with detailed information about what to do next, including submitting tax documentation or other forms.
Once you’ve filed your FAFSA, it takes about two weeks for the Department of Education's Central Processor to notify you by email that your Student Aid Report (SAR) is available on the FAFSA website. If, after two weeks, you do not receive your SAR notification, please call FAFSA customer service at 1-800-433-3243.
Once you’ve received notification, sign into the FAFSA website using your FSA ID (username and password). Review your SAR for accuracy. If you need to make changes or updates to any of the information you reported on your FAFSA, make the necessary corrections and submit them.
Your SAR will not tell you how much financial aid, if any, you’ll get. Franklin, however, uses the information to calculate your aid and send you an Offer Letter.
Once you’ve completed enrollment and all other documentation is received, Franklin’s Financial Aid office will determine your financial aid eligibility and calculate your award. The Financial Aid Office’s review process usually takes about 15 days.
If you’ve applied for financial aid from Franklin, you’ll receive an official Offer Letter. Offer Letters are sent electronically through your Self-Service.
Your Offer Letter shows the type(s) and amount of college financial aid you are eligible for within a specific school term or academic year.
Please review your Offer Letter. Sign and click to send your acceptance. Your financial aid or student loan will not be processed until we receive your signed Offer Letter. Please contact Student Financial Services with any questions or concerns.
Your financial aid is based on information you provided on your FAFSA. It is your responsibility to ensure the accuracy and completeness of the information on every FAFSA transaction.
Financial Aid Satisfactory Academic Progress Status:
This is the current status of your academic progress for financial aid.
Enrollment Hours:
Aid is based on the hours of enrollment listed.
Changes in your enrollment may impact your aid.
Code Definitions
Important Comments
See your required documents section on Self-Service. Further action may be required.
Special Circumstances
If you have circumstances that were not reflected in the FAFSA process, you may have the right to appeal. Contact us at 1.877.341.6300 to review your situation and receive appeal information.
Revisions and Cancelations
The University reserves the right to review, revise, or cancel an award at any time.
Aid Notes
Student Responsibility
Franklin University is committed to assisting students in applying for financial aid resources. However, students enrolled in courses at Franklin are ultimately responsible for paying their tuition and fees.
Because Franklin University wants to make sure you maximize all available financial aid resources while minimizing your debt obligations, we’ve compiled some other information you should know about federal financial aid and student loans.
Consortium agreements/Student Contracts are written agreements between two or more institutions that allow you to take coursework simultaneously at different institutions for the purpose of completing your college degree. Under this type of agreement, you can take courses at your community college, the "host school," and have those courses count toward a first bachelor’s degree at Franklin University, the "home school."
The home school is the school that grants the degree, as well as processes, awards and disburses financial aid. The host school is responsible for certifying your enrollment status and providing information, such as costs for tuition and fees, grades and withdrawal information.
The Consortium Agreement consists of two parts:
The Student Contract is available on our Documents and Forms page.
Official Transcripts (student)
At the conclusion of each trimester of enrollment, you must request that official transcripts* be sent to Franklin University's Transfer Credit Office. Your official transcripts are used to determine completion of courses and satisfactory academic progress. Failure to submit official transcripts may cause a reduction or cancellation of financial aid for the term in which grades were not submitted, and will prohibit aid from being processed for subsequent terms.
*An official transcript is one that has been received directly from each college or university listed on your application. It must bear the college seal, date, and an appropriate signature. Transcripts received that do not meet these requirements are not be considered official and are routinely rejected for any permanent use.
Step 1: Complete the FASFA
Franklin University is your Home School (Code: 003046)
Step 2: Review the Consortium Agreement
Fully understand your rights and responsibilities as a CCA student; then complete the contract. We will then send your Student Contract and the Community College Signature Form to the Financial Aid Office at your Host School (your community college or technical college).
Step 3: Review Your Offer Letter
Have a plan for paying tuition at both schools. Please note that your tuition to your Host School may be due before a refund from Franklin is available.
Step 4: Maintain Your Enrollment Status
If your status changes during the term, please notify Franklin University's Student Financial Services Office.
Step 5: Send Transcripts
Request an official transcript from the Host School to be sent to Franklin University as the end of the term.
If you're transferring to Franklin University from another school in the middle of a financial aid year, and you received federal or state aid at your previous school, you must do the following:
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