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.

To view your tuition account, go to my.franklin.edu.

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. 

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

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.

Type of Aid

Summer 2010

Fall 2010

Winter 2011

Federal Stafford Loans
(must have signed and returned your Award Letter to Financial Aid and have a MPN on file)

Week 4  ending

5/22/10

Week 3 ending

9/4/10

Week 3 ending

1/22/11

Federal Grants - Pell, *ACG, *SMART and SEO Grant
*ACG and SMART will not post until after July 1, 2010 due to pending budgets

Week 10 ending

7/3/10

Week 4  ending

9/11/10

Week 4 ending

1/29/11

Scholarships

Week  5  ending

5/29/10

Week 2  ending

8/28/10

Week 2 ending

1/15/11

Institutional Grants 

Week  5  ending

5/29/10

Week  2  ending

8/28/10

Week 2 ending

1/15/11

State Aid - Ohio
Ohio College Opportunity Grant (OCOG)

Week  9  ending

6/26/10

Week  2  Ending 

8/28/10

Week 2  ending

1/15/11

National Guard
For tuition only

Week 5 ending

5/29/10

Week 5  ending

9/18/10

Week 5 ending

2/5/11

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