Franklin College

www.franklincollege.edu

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2024 Undergraduate Tuition

$37,810

3.31% growth from 2023

2024 Average Net Price

$24,189

After Financial Aid

2024 Acceptance Rate

69.8%

2,609 Applicants

2024 Enrolled Students

985

95.7% Full-Time

2024 Graduation Rate

60.3%

161 Graduates

About

Franklin College is a higher education institution located in Johnson County, IN. In 2024, the most popular Bachelors Degree concentrations at Franklin College were General Business Administration & Management (23 degrees awarded), General Psychology (21 degrees), and Kinesiology & Exercise Science (20 degrees).

In 2024, 245 degrees were awarded across all undergraduate and graduate programs at Franklin College. 51.4% of these degrees were awarded to women, and 48.6% awarded men. The most common race/ethnicity group of degree recipients was white (212 degrees), 23.6 times more than then the next closest race/ethnicity group, black or african american (9 degrees).

The median undergraduate tuition at Franklin College is $37,810, which is $9,632 more than the national average for Baccalaureate Colleges ($28,178).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Franklin College is $37,810, which is $9,632 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $24,189.

In 2024, 95% of undergraduate students attending Franklin College received financial aid through grants. Comparatively, 54% of undergraduate students received financial aid through loans.

Tuition Costs

$37,810

2024 Undergraduate Tuition

In 2024, the cost of tuition at Franklin College was $37,810. The cost of tuition at Franklin College is $9,632 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

This chart compares the tuition costs of Franklin College (in red) with those of other similar universities.

Average Net Price

$24,189

2024 Value

1.45%

1 Year Growth

In 2024 Franklin College had an average net price — the price paid after factoring in grants and loans — of $24,189. Between 2023 and 2024, the average net price of Franklin College grew by 1.45%.

This chart compares the average net price of Franklin College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,897

Room and Board

$1,300

Books and Supplies

The average yearly cost of room and board at Franklin College was of $10,897 in 2024. The cost of room and board increased by 4.95% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,300. The cost of books and supplies increased by 4% during the same period.

This chart compares the average student costs at Franklin College (in red) with that of similar universities.

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

54%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Franklin College received financial aid through grants or loans in 2024. This represents a decline of 2.06% with respect to 2023, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

Franklin College received 2,609 undergraduate applications in 2024, which represents a 15.2% annual growth. Out of those 2,609 applicants, 1,821 students were accepted for enrollment, representing a 69.8% acceptance rate.

There were 985 students enrolled at Franklin College in 2024. 39% of first-time enrollees submitted SAT scores with their applications.

Franklin College has an overall enrollment yield of 17.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.8%

Acceptance Rate in 2024

1,821

Accepted Out of 2,609

In 2024, the undergraduate acceptance rate of Franklin College was 69.8% (1,821 admissions from 2,609 applications). This is lower than the acceptance rate of 2023, which was 70.6%. Between 2023 and 2024, the number of applicants grew by 15.2%, while admissions grew by 14%.

This chart compares the acceptance rate of Franklin College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

39%

Submission Percentage (2024)

124

Scores Submitted (2024)

39% of enrolled first-time students at Franklin College in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Franklin College had a total enrollment of 985 students in 2024. The full-time enrollment at Franklin College is 943 students and the part-time enrollment is 42. This means that 95.7% of students enrolled at Franklin College are enrolled full-time.

The enrolled student population at Franklin College, both undergraduate and graduate, is 77.4% White, 5.79% Black or African American, 5.08% Hispanic or Latino, 4.16% Two or More Races, 1.62% Asian, 0.203% American Indian or Alaska Native, and 0.102% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin College in full-time Undergraduate programs are most commonly White Female (40.3%), followed by White Male (38%) and Black or African American Male (5.25%). Students enrolled in full-time Graduate programs are most commonly White Female (59.6%), followed by White Male (29.4%) and Asian Female (4.59%).

Full-Time vs Part-Time Enrollment

95.7%

Full-Time Enrollment

The total enrollment at Franklin College in 2024, both undergraduate and graduate, is 985 students. The full-time enrollment at Franklin College is 943 and the part-time enrollment is 42. This means that 95.7% of students enrolled at Franklin College are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Franklin College (in red) compares to similar universities.

Retention Rate over Time

73%

2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Franklin College was 73%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Franklin College had a retention rate lower than its peers.

This chart shows the retention rate over time at Franklin College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
762 enrolled students
Black or African American
57 enrolled students
Hispanic or Latino
50 enrolled students

The enrolled student population at Franklin College is 77.4% White, 5.79% Black or African American, 5.08% Hispanic or Latino, 4.16% Two or More Races, 1.62% Asian, 0.203% American Indian or Alaska Native, and 0.102% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 13 students (1.32%) did not report their race.

Graduates

In 2024, 7 more women than men received degrees from Franklin College. The most common race/ethnicity group of degree recipients at Franklin College is white (212 degrees awarded). There were 23.6 times more white recipients than the next closest race/ethnicity group, black or african american (9 degrees).

The most common Bachelor's Degree concentration at Franklin College is General Business Administration & Management (23 degrees awarded), followed by General Psychology (21 degrees) and Kinesiology & Exercise Science (20 degrees).

In 2024, the most specialized majors across all degree types at Franklin College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (10 degrees awarded), Parks, Recreation, & Leisure (20 degrees), and Communications (24 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin College are Other managers (314,242 people), Elementary & middle school teachers (254,941 people), Lawyers, & judges, magistrates, & other judicial workers (227,786 people), Postsecondary teachers (208,351 people), and Secondary school teachers (194,992 people).

The most specialized majors at Franklin College in 2024 are History (10 degrees awarded), Parks, Recreation, & Leisure (20 degrees), Communications (24 degrees), English (8 degrees), and Physical Sciences (6 degrees) (as of 2024).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin College are Surgeons, Diagnostic medical sonographers, Magnetic resonance imaging technologists, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Franklin College are History (10 degrees awarded), Parks, Recreation, & Leisure (20 degrees), Communications (24 degrees), English (8 degrees), and Physical Sciences (6 degrees) (as of 2024).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin College are Elementary & secondary schools (667,985 people), Colleges, universities & professional schools, including junior colleges (505,333 people), Computer Systems Design (271,604 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (265,203 people), and Legal services (194,818 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Franklin College.

Most Common (2024)

General Business Administration & Management
23 degrees awarded
General Psychology
21 degrees awarded
Kinesiology & Exercise Science
20 degrees awarded

In 2024, the most common bachelors degree concentration at Franklin College was General Business Administration & Management with 23 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Franklin College according to their major.

Sex Breakdown for Common Majors

119

Degrees Awarded to Men

in 2024

126

Degrees Awarded to Women

in 2024

In 2024, 119 degrees were awarded to men at Franklin College, which is 0.944 times less than the number of degrees awarded to females (126).

This chart displays the sex disparity between the top 5 majors at Franklin College by degrees awarded.

Most Common Male Majors

In 2024, 19 degrees were awarded to men at Franklin College in General Business Administration & Management, which is 4.75 times more than the 4 female recipients with that same degree.

Most Common Female Majors

In 2024, 18 degrees were awarded to men at Franklin College in Physician Assistant, which is 4.5 times more than the 4 male recipients with that same degree.

Time to Complete

59%

100% Completion Time

63%

150% Completion Time

In 2024, 59% of students graduating from Franklin College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 63% completed their degrees within 150% of the normal time, and 63% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
212 degrees awarded
Black or African American
9 degrees awarded
Two or More Races
8 degrees awarded

The most common race/ethnicity at Franklin College is white (212 degrees awarded). There were 23.6 times more white recipients than the next closest race/ethnicity group, black or african american (9 degrees).

0.816% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
149 degrees awarded
White Female
141 degrees awarded
White Female
138 degrees awarded

The most common race/ethnicity and sex grouping at Franklin College is white female (149 degrees awarded). There were 1.06 times more white female recipients than the next closest race/ethnicity group, white female (141 degrees).

Operations

Franklin College has an endowment valued at nearly $99.8M, as of the end of the 2024 fiscal year. The return on its endowment was of 9.21M (9.24%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, Franklin College had a total salary expenditure of 32.3M. Franklin College employs 27 Assistant professors, 24 Professors and 10 Associate professors. Most academics at Franklin College are Female Assistant professor (22), Male Professor (15), and Female Professor (9).

The most common positions for non-instructional staff at Franklin College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 37 employees, Management, with 22 employees, and Office and Administrative Support with 21 employees.

Endowment

$99.8M

2024 Endowment

growth from 2023

Franklin College has an endowment valued at about $99.8M, as of the end of the 2024 fiscal year. The endowment of Franklin College grew 6% from the previous year. The value of their endowment was $50.3M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$12.8M

2024 Salaries

0.0226%

decline from 2023

In 2024, Franklin College paid a median of $12.8M in salaries, which represents 39.7% of their overall expenditure ($32.3M) and a 0.0226% decline from the previous year. This is compared to a 1.69% growth between 2022 and 2023, and a 2.26% growth between 2021 and 2022.

Instructional Salaries

$4.85M

Instructional Salaries

Number of Employees

In 2024, Franklin College paid a total of $4.85M to 73 employees working as instructors, which represents 37.9% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Franklin College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 37 employees, Management with 22 employees, and Office and Administrative Support with 21 employees.

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