Financing Your Education

• Takes current balance on your account as the budget amount and divides it evenly between remaining payment dates (due dates will be displayed prior to enrolling)
• Review and acknowledge terms of the agreement

• Use this plan if you know a portion of your balance will need to be paid by you and you need to spread it out over the term
• You are required to use calculator to determine amount to put into payment plan which gives you the option to enter payments expected (i.e. financial aid, employer, grants, etc.)
• Takes calculated budget amount and divides it evenly between remaining payment dates (due dates will be displayed prior to enrolling)
• Review and acknowledge terms of the agreement

If your employer is going to send payment on your behalf without needing an invoice from us, then please make sure they include your student ID and remit payment to the address below.

Franklin University
Attn: Business Office
201 S. Grant Avenue
Columbus, OH 43215

If your employer’s payment does not cover your balance, 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 Military Benefits).

If your employer issues you a letter of credit or voucher to cover all or a portion of your educational charges, then please submit the letter of credit or 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 the letter of credit/voucher does not cover your balance, 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 Military Benefits).

If your employer will reimburse all or a portion of your educational expenses, then we do have a deferment program that would help you. The Deferment Application program allows students receiving employer tuition reimbursement to defer payment on tuition and fees for 30 days after the term ends. This gives you the time to submit the required documentation to your employer so the reimbursement is processed.

Please keep in mind, if you take advantage of another financing option, then we only defer the portion remaining after the payments.

To participate, please submit the deferment application and authorization from your employer. 

The application is available in your myFranklin account under "Payment Options".

Please send us your employer authorization that details you are eligible for their educational benefit in one of the following ways:

• 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

Please be aware students who do not pay their deferred balance in full by the payment deadline specified in the terms and conditions of the application are subject to a $100 late fee, monthly finance charges, and collections charges incurred.

If the amount of your reimbursement will not cover your balance, 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 Military Benefits).

Tuition is due the first day of class. An account is considered delinquent after the first day of class and could be placed on administrative restriction due to nonpayment.

You may pay your tuition balance with a MasterCard®, Visa®, Discover®, AmericanExpress®, Personal Check, Cashier’s Check or Money Order. Payments can be made online through their MyFranklin account with a checking or savings account, debit or credit card, linked 529 account, or international funds transfer information. 

If you are paying with a credit/debit card, then a convenience fee will be assessed. Each payment made from a linked 529 account is assessed a $10 service fee. To avoid the convenience fee or service 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, the student can submit a letter of credit or voucher to the Student Financial Services Office. 

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 Transact. 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
• Linked 529 accounts
• Monthly payments from your credit card, checking, or savings accounts

You can access this site by logging into myFranklin and clicking on "Payment Options" next to the "Total Amount Due" from your account summary.

Franklin University issues credits in the manner in which the funds were received. For overages from financial aid or other payments not paid through their student account, students can select a refund preference through BankMobile. Franklin University has partnered with BankMobile to deliver your refunds. Here is more information about BankMobile and your refund choices.

Click here to view Franklin’s contract with BankMobile, a Division of Customer Bank.

Payment of tuition or fees that is returned from the financial Institution unpaid will result in a dishonored fee of $25. After three returned payments, Franklin University will no longer accept an electronic or personal check for payment on the student account. All future payments must be made via credit card or money order.

Failure to clear a returned payment for tuition or fees will result in administrative withdrawal from registration after notification of the returned payment.

In the event of any unresolved balance of any nature on the student’s account, the following records will not be released:

• Diplomas
• Transfer credit information
• Transcripts

These records will not be released until the balance is paid in full or the past-due balance is resolved. When all financial obligations are resolved, the student is again eligible to receive transcripts and all university services.