Applying for Financial Aid
Applying for Financial Aid
Applying for Financial Aid at Franklin is easy
Follow our three step Financial Aid application process:
STEP 1: Apply for Admissions and declare your degree
STEP 2: Apply for Aid - Complete the FAFSA (Free Application for Federal Student Aid)
|File the 2014-15 FAFSA for the Following Terms:|
Summer 2014; Fall 2014; Winter 2015
- Franklin's school code is 003046
- See Deadlines section below for Franklin's priority filing deadlines
- Franklin will award aid based on full-time enrollment, unless otherwise indicated on the Award Letter. Exception: CCA students will be awarded based on the enrollment hours listed on their Student Contract. However, community college hours will only be included in the award if including them increases aid eligibility.
- Any change in enrollment may also change aid eligibility.
- The last day to file a FAFSA for aid at Franklin for 2014-15 is April 24, 2015
STEP 3: Complete a Declaration of Outside Tuition Assistance form
Complete this form if you will be receiving tuition payment or reimbursement from any source other than financial aid. Failure to disclose the information prior to us determining your aid eligibility may result in a possible delays or even a partial/full loss of your financial aid funds.
You may access the appropriate year Declaration of Outside Tuition Assistance form on our Financial Aid Forms page. Some typical outside tuition aid sources may include:
- Your employer
- Bureau of Vocational Rehabilitation (BVR)
- National Guard
- Ohio Tuition Trust Authority (prepaid tuition plan)
- Scholarships (expected or received – not from Franklin)
- Other sources that do not include grants or loans
Consortium agreements/Student Contracts are written agreements between two or more institutions enabling students to take coursework simultaneously at different institutions for the purpose of completing a degree. Under such an agreement, students can take courses at their community college, the "host school," and have those courses count toward a bachelor’s degree at Franklin University, the "home school."
The home school is the school that will grant the degree, as well as process, award, and disburse financial aid. The host school will be responsible for certifying student enrollment status and providing student information, such as costs for tuition and fees, grades, and withdrawal information.
The Consortium Agreement consists of two parts:
- Blanket Consortium Agreement (school)
The Blanket Consortium Agreement is an agreement between the host and home school. The host school completes the blanket agreement and submits it to Franklin University's Financial Aid Office.
- Student Contract (student)
If you plan to attend your community college for any term within the award year and would like Franklin to consider hours at your community college in your financial aid award, you must submit a Student Contract. If you anticipate attending Franklin University only, submission of this document is not required.
The Student Contract is available on our Financial Aid Forms page. Select the appropriate year, scroll down to the section titled Community College Alliance Students Only. Print out and follow the instructions on the Student Contract.
Official Transcripts (student)
At the conclusion of each trimester of enrollment, students must request that official transcripts* be sent to Franklin University's Transfer Credit Office for use in determining completion of courses and satisfactory academic progress. Failure to submit official transcripts may cause a reduction or cancelation of 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 should not be considered official and are routinely rejected for any permanent use.
If you're transferring to Franklin University from another school in the middle of an aid year and you received Federal or State Aid at your previous school, please make sure you do the following:
- Cancel aid at your previous school, including future scheduled loan disbursements.
- Add Franklin University (school code: 003046) to your Student Aid Report (SAR) by:
1. updating your FAFSA; or
2. calling the Federal Processor at 1.800.433.3242
- Remove previous school's code from the FAFSA
The financial aid application process must be completed each award year. Applications are available January 1 each year for the next award year, beginning Summer Trimester and ending Winter Trimester.
|Priority Deadlines 2014-15|
By meeting the priority processing deadline, your application will be considered for campus-based aid. However, with classes starting every three weeks, you can complete your FAFSA at any time during the current enrollment trimester.
Within two weeks of completing a FAFSA, the Department of Education's Central Processor will send an email notifying you that your Student Aid Report (SAR) is available for review on the FAFSA website.
Review your SAR for accuracy, using your FAFSA Pin Number. Carefully correct anything that may have been misreported and submit your corrections. Note: Dependent students must also have the parent electronically sign the SAR using their PIN number before submitting corrections. Contact FAFSA customer service at 1.800.433.3243 if you do not receive a SAR notification within two weeks of completing your FAFSA.
In general, to be eligible for financial aid at Franklin University, you must:
- Complete the appropriate year FAFSA.
- Have proof of an official* high school diploma or an associate or higher degree on file with Franklin.
- High school transcript, GED, or equivalent; or,
- College/university transcript showing associate or higher degree
- Be enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program.
- Be enrolled at least half time (from most programs).
- Be a U.S. citizen or eligible non-citizen.
- Have a valid Social Security Number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau).
- Not have a federal or state drug conviction for an offense that occurred while you were receiving federal student aid (such as grants, loans, or work-study).
- Make satisfactory academic progress.
- Have financial need (in most cases).
- Be registered with the Selective Service if you are a male and 18 through 25 years of age (go to www.sss.gov for more information).
* official means received directly from the institution in their sealed envelope
This feature is intended for Financial Aid questions.
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