How to Apply for Financial Aid

• In general, to be eligible for financial aid at Franklin University, you must:
• Complete a FAFSA for the school year
  • Have a high school diploma, an associate or higher degree. Proof includes
  • High school transcript, GED, or equivalent; or,
• Official college/university transcript showing associate or higher degree
• Be enrolled or accepted for enrollment as a regular student working toward a degree or certificate in an eligible program.
• Be enrolled at least half-time (for most programs).
• Be a U.S. citizen or eligible non-citizen.
• Have a valid Social Security Number (unless you're from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau).
• Make satisfactory academic progress.
• Demonstrate financial need (in most cases).
• Be registered with the Selective Service if you are a male aged 18-25 year (for state aid only). Visit www.sss.gov for more information.
• Sign the certification statement on the FAFSA stating that you are not in default on federal student loans or owe on a federal student grant, and you will use federal student aid for educational purposes only.

Consortium agreements

Consortium agreements/Student Contracts are written agreements between two or more institutions that allow you to take coursework simultaneously at different institutions for the purpose of completing your college degree. Under this type of agreement, you can take courses at your community college, the "host school," and have those courses count toward a first bachelor’s degree at Franklin University, the "home school."

The home school is the school that grants the degree, as well as processes, awards and disburses financial aid. The host school is responsible for certifying your enrollment status and providing information, such as costs for tuition and fees, grades and withdrawal information.

The Consortium Agreement consists of two parts:

1. Blanket Consortium Agreement (school): The Blanket Consortium Agreement is an agreement between the host and home school. The host school completes the blanket agreement and submits it to Franklin University's Financial Aid Office.
2. Student Contract (student): If you plan to attend your community college for any term within the award year and would like Franklin to consider hours at your community college in your financial aid award, you must submit a Student Contract. If you anticipate only attending Franklin University, you are not required to submit this.

The Student Contract is available on our Documents and Forms page. 

Official Transcripts (student)

At the conclusion of each trimester of enrollment, you must request that official transcripts* be sent to Franklin University's Transfer Credit Office. Your official transcripts are used to determine completion of courses and satisfactory academic progress. Failure to submit official transcripts may cause a reduction or cancellation of financial aid for the term in which grades were not submitted, and will prohibit aid from being processed for subsequent terms.

*An official transcript is one that has been received directly from each college or university listed on your application. It must bear the college seal, date, and an appropriate signature. Transcripts received that do not meet these requirements are not be considered official and are routinely rejected for any permanent use.

The Financial Aid Process for Franklin's Community College Alliance Students

Step 1: Complete the FASFA
Franklin University is your Home School (Code: 003046)

Step 2: Review the Consortium Agreement
Fully understand your rights and responsibilities as a CCA student; then complete the contract. We will then send your Student Contract and the Community College Signature Form to the Financial Aid Office at your Host School (your community college or technical college).

Step 3: Review Your Offer Letter
Have a plan for paying tuition at both schools. Please note that your tuition to your Host School may be due before a refund from Franklin is available.

Step 4: Maintain Your Enrollment Status 
If your status changes during the term, please notify Franklin University's Student Financial Services Office.

Step 5: Send Transcripts
Request an official transcript from the Host School to be sent to Franklin University as the end of the term.

If you're transferring to Franklin University from another school in the middle of a financial aid year, and you received federal or state aid at your previous school, you must do the following:

• Cancel aid at your previous school, including future scheduled loan disbursements.
• Add Franklin University (school code: 003046) to your Student Aid Report (SAR). To add Franklin you must either:
  1. Update your FAFSA; or
  2. Call the Federal Processor at 1-800-433-3242.
• Remove your previous school's code from your FAFSA.