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Applying for Aid

How to Apply for Financial Aid

Franklin can help make the financial aid process aggravation free. Keep reading for our simple, step-by-step instructions about applying for financial aid, including eligibility, deadlines and more.

Financial Aid Office

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Apply to Franklin

Get Started by Applying to Franklin

Step into your future by applying for admission to Franklin University, one of few nonprofit universities nationwide that is dedicated to educating busy, working adults. Complete our simple and secure online application in about 20 minutes.

File Your FAFSA

Submit a Free Application for Federal Student Aid (FAFSA)

If you’re interested in getting financial aid to help pay for college, you first must file a FAFSA. The FAFSA is used to determine your eligibility for aid, so you must file a new FAFSA every school year. Be sure to include Franklin’s school code, 003046, on your FAFSA.

File the 2018-19 FAFSA by the Priority Processing Deadlines

Term Priority Date
Summer 2018 March 15, 2018
Fall 2018 June 15, 2018
Spring 2019 October 1, 2018

 

Preparing to file your FAFSA? Download this free report and get insider tips to help you avoid common FAFSA mistakes and receive the maximum benefit possible.

Review Your SAR

Check the Accuracy of Your Student Aid Report (SAR)

Once you’ve filed your FAFSA, it takes about two weeks for the Department of Education's Central Processor to notify you by email that your Student Aid Report (SAR) is available on the FAFSA website. If, after two weeks, you do not receive your SAR notification, please call FAFSA customer service at 1-800-433-3243.

Once you’ve received notification, sign into the FAFSA website using your FSA ID (username and password). Review your SAR for accuracy. If you need to make changes or updates to any of the information you reported on your FAFSA, make the necessary corrections and submit them. 

Your SAR will not tell you how much financial aid, if any, you’ll get. Franklin, however, uses the information to calculate your aid and send you an Award Letter.

Sign & Submit Your Award Letter

Your Award Letter 

Once you’ve completed enrollment and all other documentation is received, Franklin’s Financial Aid office will determine your financial aid eligibility and calculate your award. The Financial Aid Office’s review process usually takes about 15 days. 

If you’ve applied for financial aid from Franklin, you’ll receive an official Award Letter. Award Letters are sent electronically through your myFranklin account if you’re a current student, or the myTools account at mytools.franklin.edu if you’re a new applicant.

Your Award Letter shows the type(s) and amount of college financial aid you are eligible for within a specific school term or academic year.

Accepting Your Award

Please review your Award Letter. Sign and click to send your acceptance. Your financial aid or student loan will not be processed until we receive your signed Award Letter. Please contact Franklin’s Financial Aid Office with any questions or concerns. 

Additional Information

Because Franklin University wants to make sure you maximize all available financial aid resources while minimizing your debt obligations, we’ve compiled some other information you should know about federal financial aid and student loans.

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