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Federal & State Aid

Federal & State Aid for College

When it comes to paying for college, you have lots of options -- including federal and state financial aid. And, if you’re an eligible undergraduate student, you may be able to get a grant that does not need to be paid back (unlike student loans).

The U.S. Department of Education, your home state, your college, organizations, private industry and nonprofits all offer a variety of financial aid and tuition assistance programs. Franklin annually awards about $13 million in student aid each year, and more than half of our students receive federal financial aid. For more information on your eligibility, please visit Federal Student Aid.

Federal Student Aid

The U.S. Department of Education awards $120+ billion annually for college tuition, fees, books and other college expenses. You may be eligible to receive a portion of federal funding to help you pay for your college education. Federal financial aid comes in many forms, including grants, student loans and work-study programs.

State Financial Aid for College

Most states offer a variety of financial aid programs to help in-state residents pay for their college education. You may be eligible for state-funded grants or loans, depending on need and program requirements. Like federally funded programs, there are eligibility considerations and application deadlines, so be sure to understand and adhere to rules, requirements and deadlines.

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