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Payment Option & Refunds

Financing Your Education

Here at Franklin University, we understand as a college student, there may be several methods available to you to finance your education. You may utilize only one method or a combination of methods when financing your education, but it is important to understand the processes for each method.

Tuition is due the first day of class, so to avoid interest (18% APR) or restrictions on your account, you will want to insure all your educational expenses are financed.

Self-Payment

Please either make payment by the first day of class or sign up for one of our free payment plans.

We currently offer two types of payment plans (Current Balance & Self-Determined) under "Payment Options" in your myFranklin account. Each will take the budgeted amount you need in the payment plan and split it into equal payments to have the budgeted amount paid off by the end of the term.

Financial Aid - Grants, Scholarships & Loans

All grants, scholarships, and loans are disbursed by our financial aid department. This includes federal, state, and private funding.

It is the student’s responsibility to apply for and submit all forms required by the Financial Aid Office and to be aware of deadlines for submission. 

Application for financial aid is not a guarantee of funding. In the event a student is approved for financial aid and is under-funded or the student becomes ineligible for financial aid funds, the student is responsible for the financial obligation on his or her account. Regardless of the status of the financial aid file, it is the student’s responsibility to ensure that tuition and fees are paid by the appropriate deadline.

If the grants, scholarships, and/or loans do not cover your balance, then you will want to explore other options to insure all your educational expenses are financed (i.e. Self-Payment, Employer Benefits, and Military Benefits).

Learn More about Financial Aid

Employer Benefits

If your employer is going to assist you with financing your education, then, based off how your employer processes your benefit, one of the options below are for you.

  • Paying us directly
  • Direct Company Billing
  • Tuition Reimbursement

Military Benefits

If the military is issuing a letter of credit/voucher for your educational training, then please submit the letter of credit/voucher to our business office in one of the following manners:

  • By email - BusinessOffice@Franklin.edu
  • By fax - 614.255.9648
  • By mail - Franklin University, Attn: Business Office, 201 S. Grant Ave., Columbus, Ohio 43215
  • Or in person at our main campus’s Welcome Center 

If your educational training has to be certified, then you will need to follow the necessary steps for your benefit.

If your military benefit does not cover all your educational expenses, then you will want to explore other options to insure all your educational expenses are financed (i.e. Self-Payment, Financial Aid – Grants, Scholarships, and/or Loans, and Employer Benefits).

Learn More About Military Benefits

Ways To Pay

Students may pay their tuition balance with a MasterCard®, Visa®, Discover®, AmericanExpress®, personal check, cashier’s check, money order, or international funds transfer. Payments can be made online through their MyFranklin/WebAdvisor account with a checking or savings account, debit or credit card information, or wire transfer for foreign currency. 
 
If you are paying with a credit/debit card, then a convenience fee will be assessed. To avoid the convenience fee, please pay using the electronic check option which will ask for your checking/savings account & routing number.
 
If an employer or agency is paying Franklin directly, the student can submit a letter of credit or voucher directly to the Business Office.

All tuition and fees are due by the first day of class. In the event a student is unable to pay their full balance by the deadline of the first day of class, a student is able to enroll in a monthly installment plan administered by the University. This installment plan allows students to break up their balance for the term into monthly payments to avoid administrative restrictions on their accounts and potential finance charges.
 
Students can also pay their accounts online with CASHNet. The University has provided a secure server so students can safely make financial transactions on the site. This service offers the following flexible online payment options:

  • Credit card payments
  • Payments from your checking or savings accounts
  • Monthly payments from your credit card, checking, or savings accounts using the "My Payment Plan" option

Students can access this site by logging into myFranklin.  Click on the Shortcuts Tab and select WebAdvisor. Then, under Financial Information, click "View My Account Balance and Payment Options".

Additional Information