Financial Aid Disbursements

Refunds from your Financial Aid accounts

Refunds will be issued from Franklin University only if your tuition account is paid in full and has a credit balance. Any existing credit balance that you are eligible to receive will be refunded to you within 10-14 business days.

A credit balance (ex., -342.67) indicates your tuition is paid and this is the remaining balance that could possibly be refunded to you. Once you see "Student Refund" on your account, your refund will be issued (by mail, debit card, or direct deposit) 10-14 business days following the date it posted to your account. To view your tuition account, go to my.franklin.edu.

Note: It may take your bank 48 business hours to post your direct deposit refund to your checking/savings account.

How Will I Receive My Refund?

The choice is yours - debit card, direct deposit, or check.  Sign up for one of Franklin's convenient disbursement methods.  Choose direct deposit or debit card and you'll save time and get your money faster with no additional waiting time for a check to arrive in the mail, a trip to the bank to deposit the check, or waiting for it to clear.

To select your refund method, visit my.franklin.edu and login to your account.  From the drop down under the Shortcuts Tab, select More...  Under the Financial Information Section, select Manage My Direct Deposit Information and follow the instructions to sign up.

Disbursement Schedule for the 2010-2011 Award Year:

Eligibility is reviewed and aid is posted to your account no earlier than nine days after the start date of your first class for the term. If your file has been processed and you have received an Award Letter, funds will post to your tuition account by week's end according to the schedule below. Disbursements will be posted every week from this date forward throughout the trimester.