Tuition and Fees
The cost for undergraduate students to attend Franklin College for an academic year can be broken down into $32,770 for tuition, $200 for fees, $1,200 for books and supplies, $10,244 for room and board and $3,000 for other expenses. The cost for in-state and out-of-state students is the same.
Tuition and Fees
| Tuition | $32,770 |
| Fees | $200 |
| Books and supplies | $1,200 |
| Room and board | $10,244 |
| Other expenses | $3,000 |
Tuition Plans
| 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 |
Financial Aid
100% of undergradate students at Franklin College received financial aid. The distribution of financial aid types at Franklin College consists of 100% receiving grant or scholarship aid of $22,253 on average, 43% receiving pell grants of $4,477 on average, 100% receiving institutional grants or scholarships of $16,784 on average, and 77% receiving federal student loans of $5,338 on average.
Average Grant/Scholarship Aid
Awarded any Financial Aid
| Aid Type | Number Receiving | Percent Receiving | Average Aid Received |
|---|---|---|---|
| Grant or scholarship aid | 272 | 100% | $22,253 |
| Pell grants | 118 | 43% | $4,477 |
| Institutional grants or scholarships | 272 | 100% | $16,784 |
| Federal student loans | 210 | 77% | $5,338 |
Net Price
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 $15,541 compared to net price of $16,814 in the $30,001 – $48,000 family income bracket, $21,730 in the $48,001 – $75,000 family income bracket, $24,591 in the $75,001 – $110,000 family income bracket and $28,588 in the $110,001 and more family income bracket.
| Family Income | Net Price Paid |
| $0 – $30,000 | $15,541 |
| $30,001 – $48,000 | $16,814 |
| $48,001 – $75,000 | $21,730 |
| $75,001 – $110,000 | $24,591 |
| $110,001 and more | $28,588 |
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.
Sticker Price
The cost for a 4 year bachelors degree at Franklin College is $199,679. The cost reported is aggregated over 4 years and includes tuition and fees, books and supplies, room and board, and other miscellaneous expenses. The year to year increases in tuition and cost of living are accounted by applying a rate of increase of 3% which is based on the average rate of increase in the last 2 years as reported by Franklin College. The actual net cost paid by students could be lower because financial aid is not accounted for in this cost. The cost for in-state and out-of-state students is the same.
4-year Sticker Price
| Year | Sticker Price |
|---|---|
| 1 | $47,414 |
| 2 | $49,042 |
| 3 | $50,733 |
| 4 | $52,490 |