Tuition and Fees
|Any alternative tuition plans offered by institution||Yes|
|Tuition guaranteed plan||No|
|Prepaid tuition plan||No|
|Tuition payment plan||Yes|
|Other alternative tuition plan||No|
85% of undergradate students at Franklin Academy received financial aid. The distribution of financial aid types at Franklin Academy consists of 71% receiving grant or scholarship aid of $3,803 on average, 71% receiving pell grants of $3,803 on average, 0% receiving institutional grants or scholarships of - on average, and 71% receiving federal student loans of $6,491 on average.
Average Grant/Scholarship Aid
Awarded any Financial Aid
|Aid Type||Number Receiving||Percent Receiving||Average Aid Received|
|Grant or scholarship aid||51||71%||$3,803|
|Institutional grants or scholarships||0||0%||-|
|Federal student loans||51||71%||$6,491|
Average Net Price
Net prices changes by family income and financial need. Net price typically increases with increase in family income because of higher amounts of financial aid available to students belonging to lower income families. Students in the lowest $0 – $30,000 family income bracket paid net price of $18,118 compared to net price of $16,072 in the $30,001 – $48,000 family income bracket, $19,739 in the $48,001 – $75,000 family income bracket, $21,531 in the $75,001 – $110,000 family income bracket and - in the $110,001 and more family income bracket.
|Family Income||Net Price Paid|
|$0 – $30,000||$18,118|
|$30,001 – $48,000||$16,072|
|$48,001 – $75,000||$19,739|
|$75,001 – $110,000||$21,531|
|$110,001 and more||-|
Net price reflects the actual cost to attend after accounting for finanical aid. Net price includes tuition, books, living costs, and other expenses after subtracting federal financial aid received by students.