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Payment Options

Tuition Payment Plans & Options

It’s nice to have options when it comes to paying for college tuition -- and Franklin offers plenty of them. In addition to financial aid, we offer installment payment plans, deferred tuition reimbursement and direct company billing. Plus, we make it convenient to make payments online through myFranklin.

Important Dates & Deadlines

All business-related forms should be submitted to the Business Office prior to the first day of class. All documents and forms may be submitted by email, fax, or USPS mail.

Scheduled Payment Plans

How it works:

Avoid late payments with Franklin’s installment payment plan. With this plan, you make monthly payments throughout the trimester without having to pay your full tuition balance at the beginning of the term.

Who can use it:

You’re eligible for this payment plan if you:

  • Personally pay for any portion of your tuition and fees, and
  • Cannot pay your balance before the first day of classes.

How do I apply:

Each trimester, log in to myFranklin and choose the payment plan from your payment options that best fits your need.  If you need your current balance put into a payment plan, then choose the current balance payment plan.  If you know a portion of your balance will be covered by another financing source that has not applied to your account yet, then choose the self-determined payment plan.  

When do I apply:

Although we accept applications throughout the trimester, you are responsible for interest charges (18% APR) accrued on outstanding tuition balances if you submit your application more than 30 days after the beginning of the trimester.
 

Deferred Tuition Payment

How it works:

If your employer offers tuition reimbursement benefits, Franklin can defer your tuition payment for the current trimester. Once grades are posted and your employer makes payment to you, log in to myFranklin to make your tuition payment.

Who can use it:

You’re eligible for this payment plan if your employer pays for college coursework through an employee tuition reimbursement program.

How do I apply:

You must obtain proper authorization from your employer. Visit myFranklin payment options to submit Franklin’s Employer Tuition Reimbursement application. You must submit the application each term you want to defer your tuition payment.

When do I apply:

Although we accept applications throughout the trimester, you are responsible for interest charges (18% APR) accrued on outstanding tuition balances if you submit your application more than 30 days after the beginning of the trimester.

Direct Company Billing

How it works:

With this option, your employer or other agency pays your college tuition directly to Franklin and will provide you with a letter of credit or voucher to give to Franklin’s Business Office. 

Who can use it:

You're eligible for this payment option if your employer offers to pay Franklin directly for your college education.

How do I apply:

Once your employer gives you the letter of credit or voucher with the details of what they will pay on your behalf, then submit the form to Franklin's Business Office.  

When do I apply:

Submit a letter of credit or voucher to the Business Office before the start of classes each trimester.

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Ways To Pay

You may pay your 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 your MyFranklin/WebAdvisor account with a checking or savings account, debit or credit card information, or wire transfer for foreign currency. 

The University has provided a secure server so you can safely make financial transactions on the e-Payment site.

You can access this site by logging into myFranklin.  Click on the myTools link and then click "View My Account Balance and Payment Options".  Next, click the "Payment Options" link from your account summary.
 
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.

Checks and money orders are able to be dropped off in person at the University’s Welcome Center or mailed to the University’s Business Office at:

Franklin University
201 S. Grant Ave.
Columbus, OH 43215

If an employer or agency is paying Franklin directly, then submit the 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 your are unable to pay your full balance by the deadline of the first day of class, then you are able to enroll in a monthly installment plan administered by the University. The installment plan allows you to break up your balance for the term into monthly payments to avoid administrative restrictions on their accounts and potential finance charges.

 

Additional Information

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