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Economic score
Franklin College is a private liberal arts college located in Franklin, Indiana. Franklin College is very inclusive in their admissions.
Return on educational investment at Franklin College is in the bottom 50% of all ranked schools. The median student earns $46,950 10 years after enrolling, 19th in Indiana, and in the bottom 50% nationally. When adjusted for earning differences by major, Franklin College bachelor students earn 12% less than the national average. Franklin College is ranked 23rd in Indiana.
Franklin College’s median net annual cost of $20,535 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 5 programs at Franklin College sorted by number of graduates - Health & Fitness, Advertising & PR, Psychology, Education, Business and Commerce - are shown below.
Annual net cost
$20,535
Average years to graduate
4.2
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 4.2 years. 66% of all students graduate within 8 years including part-time students. The graduation rate at Franklin College is 6% higher than the state average, and 2% below the average for all liberal arts colleges in the country.
At Franklin College, Pell Grant recipients represent 38% of the measured graduating class, 3% higher than the national average of 35%. The average Pell Grant recipient at Franklin College graduates within 4.1 years.
Franklin College is in the top 25% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Franklin College’s economic mobility score of 20.79 is calculated by adjusting the 3.37 economic score of lower-income students by the 38% pell grant recipients within the student body. Franklin College’s EMS of 20.79 ranks in the top 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 50%
The average Title IV recipient at Franklin College pays $20,535 a year, $28,365 less than the $48,900 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $20,535
Much of the gap between net price and sticker price is filled by institutional and government grants. At Franklin College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $20,535 on average to be covered by the student – be it through loans or out of pocket. In total, 78% of students take out loans, federal or private, at an average amount of $10,005. This is 24% more than the national average.
Federal grants
$8,456
Pell grants
$4,614
State grants
$6,857
Institutional grants
$20,581
Franklin College's very inclusive admissions are indicated by their 95% acceptance rate. In 2021, the school had 1,589 applicants, of which 1,504 were admitted and 255 enrolled. Franklin College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
47%
59%
First time
95%
59%
In-state
93%
68%
1st generation
29%
35%
White
86%
52%
Black
4%
14%
Hispanic
4%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
4%
12%