Franklin and Marshall College

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2019 Undergraduate Tuition

$58,615

3.84% growth from 2018

2019 Average Net Price

$27,102

After Financial Aid

2017 Student Loan

0.86%

Default Rate

2019 Acceptance Rate

30.4%

9,502 Applicants

2019 Enrolled Students

2,315

99.6% Full-Time

2018 Graduation Rate

83.1%

497 Graduates

About

Franklin and Marshall College is a higher education institution located in Lancaster County, PA. In 2016, the most popular Bachelor's Degree concentrations at Franklin and Marshall College were Other Multidisciplinary Studies (92 degrees awarded), General Political Science & Government (82 degrees), and General Business Administration & Management (58 degrees).

In 2019, 614 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 55.4% of these degrees were awarded to women, and 44.6% awarded men. The most common race/ethnicity group of degree recipients was white (345 degrees), 6.9 times more than then the next closest race/ethnicity group, hispanic or latino (50 degrees).

The median undergraduate tuition at Franklin and Marshall College is $58,615, which is $31,335 more than the national average for Baccalaureate Colleges ($27,280).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

The median undergraduate tuition at Franklin and Marshall College is $58,615, which is $31,335 more than the national average for Baccalaureate Colleges ($27,280).

After taking grants and loans into account, the average net price for students is $27,102.

In 2019, 58% of undergraduate students received federal grants, while 44% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$58,615

2019 Undergraduate Tuition

In 2019, the cost of tuition at Franklin and Marshall College was $58,615. The cost of tuition at Franklin and Marshall College is $31,335 more than than the overall (public and private) national average for Baccalaureate Colleges ($27,280).

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

Average Net Price

$27,102

2019 Value

17.8%

1 Year Growth

In 2019 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $27,102. Between 2018 and 2019, the average net price of Franklin and Marshall College grew by 17.8%.

This chart compares the average net price of Franklin and Marshall 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

$14,050

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $14,050 in 2019. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 3.46% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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

Financial Aid

Financial Aid by Income Level

58%

Of Undergraduates Receive Grants

44%

Of Undergraduates Receive Federal Loans

58% of undergraduate students at Franklin and Marshall College received grants or loans in 2019. This represents a growth of 1.75% with respect to 2018, when 57% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin and Marshall 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.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

0.86%

2017 Default Rate

Number of Defaults

In 2017 the default rate for borrower's at Franklin and Marshall College was 0.86%, which represents 3 out of the 349 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Franklin and Marshall College received 9,502 undergraduate applications in 2019, which represents a 44.9% annual growth. Out of those 9,502 applicants, 2,888 students were accepted for enrollment, representing a 30.4% acceptance rate.

There were 2,315 students enrolled at Franklin and Marshall College in 2019, and N/A% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 21.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

30.4%

Acceptance Rate in 2019

2,888

Accepted Out of 9,502

In 2019, the undergraduate acceptance rate of Franklin and Marshall College was 30.4% (2,888 admissions from 9,502 applications). This is lower than the acceptance rate of 2018, which was 35.3%. Between 2018 and 2019, the number of applicants grew by 44.9%, while admissions grew by 24.7%.

This chart compares the acceptance rate of Franklin and Marshall College (in red) with that of other similar universities.

SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Franklin and Marshall College in 2019 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Franklin and Marshall College has a total enrollment of 2,315 students. The full-time enrollment at Franklin and Marshall College is 2,306 students and the part-time enrollment is 9. This means that 99.6% of students enrolled at Franklin and Marshall College are enrolled full-time.

The enrolled student population at Franklin and Marshall College, both undergraduate and graduate, is 54.6% White, 10.5% Hispanic or Latino, 6.18% Black or African American, 4.62% Asian, 2.68% Two or More Races, 0.0864% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are most commonly White Female (28.7%), followed by White Male (25.9%) and Hispanic or Latino Female (6.24%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

99.6%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College, both undergraduate and graduate, is 2,315 students. The full-time enrollment at Franklin and Marshall College is 2,306 and the part-time enrollment is 9. This means that 99.6% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 81.1% at similar Baccalaureate Colleges.

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

Retention Rate over Time

90%

2019 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 and Marshall College was 90%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), Franklin and Marshall College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
1,263
Hispanic or Latino
243
Black or African American
143

The enrolled student population at Franklin and Marshall College is 54.6% White, 10.5% Hispanic or Latino, 6.18% Black or African American, 4.62% Asian, 2.68% Two or More Races, 0.0864% American Indian or Alaska Native, and 0% 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 55% White, 14% Black or African American, and 13.1% Hispanic or Latino.

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, 61 students (2.63%) did not report their race.

Graduates

In 2019, 66 more women than men received degrees from Franklin and Marshall College. The most common race/ethnicity group of degree recipients at Franklin and Marshall College is white (345 degrees awarded). There were 6.9 times more white graduates than the next closest race/ethnicity group, hispanic or latino (50 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is Other Multidisciplinary Studies (92 degrees awarded), followed by General Political Science & Government (82 degrees) and General Business Administration & Management (58 degrees).

The most specialized majors across all degree types at Franklin and Marshall College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Interdisciplinary Studies (137 degrees awarded), Social Sciences (158 degrees), and Cultural & Gender Studies (12 degrees).

Workforce

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Lawyers, & judges, magistrates, & other judicial workers (337,538 people), Other managers (310,751 people), Postsecondary teachers (208,618 people), Elementary & middle school teachers (171,759 people), and Chief executives & legislators (138,275 people).

The most specialized majors at Franklin and Marshall College are Interdisciplinary Studies (137 degrees awarded), Social Sciences (158 degrees), Cultural & Gender Studies (12 degrees), Physical Sciences (34 degrees), and Language & Linguistics (21 degrees).

Highest Paying Jobs by Major

Securities, commodities, & financial services sales agents

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Securities, commodities, & financial services sales agents, Surgeons, Dentists, Physicians, and Cardiovascular technologists and technicians

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 and Marshall College are Elementary & secondary schools (457,615 people), Colleges, universities & professional schools, including junior colleges (421,947 people), Legal services (263,997 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (249,512 people), and Computer Systems Design (236,145 people).

Degrees

Majors Awarded

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

Most Common

Other Multidisciplinary Studies
92 degree-majorss awarded
General Political Science & Government
82 degree-majorss awarded
General Business Administration & Management
58 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Franklin and Marshall College was Other Multidisciplinary Studies with 92 degrees awarded.

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

Gender Breakdown for Common Majors

274

Degrees Awarded to Men

in 2019

340

Degrees Awarded to Women

in 2019

In 2019, 274 degrees were awarded to men at Franklin and Marshall College, which is 0.806 times less than the number of degrees awarded to females (340).

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

Most Common Male Majors

In 2019, 45 degrees were awarded to men at Franklin and Marshall College in General Political Science & Government, which is 1.22 times more than the 37 female recipients with that same degree.

Most Common Female Majors

In 2019, 57 degrees were awarded to women at Franklin and Marshall College in Other Multidisciplinary Studies, which is 1.63 times more than the 35 male recipients with that same degree.

Time to Complete

80%

100% Completion Time

86%

150% Completion Time

In 2019, 80% of students graduating from Franklin and Marshall College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 86% completed their degrees within 150% of the normal time, and 86% 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Franklin and Marshall College is Female and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (69.1%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 5.43% of graduates (27 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
345 degrees awarded
Hispanic or Latino
50 degrees awarded
Asian
32 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (345 degrees awarded). There were 6.9 times more white recipients than the next closest race/ethnicity group, hispanic or latino (50 degrees).

4.72% of degree recipients (29 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Female
178 degrees awarded
White Male
167 degrees awarded
Hispanic or Latino Female
34 degrees awarded

The most common race/ethnicity and gender grouping at Franklin and Marshall College is white female (178 degrees awarded). There were 1.07 times more white female recipients than the next closest race/ethnicity group, white male (167 degrees).

Operations

Franklin and Marshall College has an endowment valued at nearly $388M, as of the end of the 2019 fiscal year. The return on its endowment was of $13.7M (3.53%), compared to the 3.99% average return ($1.62M on $40.7M) across all Baccalaureate Colleges.

In 2019, Franklin and Marshall College had a total salary expenditure of $142M. Franklin and Marshall College employs 95 Professors, 91 Assistant professors, and 79 Associate professors. Most academics at Franklin and Marshall College are Male Professors (61), Female Assistant professors(46), and Male Assistant professors (45).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 112 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 76 employees, and Office and Administrative Support with 76 employees.

Finances

Endowment

$388M

2019 Endowment

0.353%

growth from 2018

Franklin and Marshall College has an endowment valued at about $388M, as of the end of the 2019 fiscal year. The endowment of Franklin and Marshall College grew 0.353% from the previous year. The value of their endowment was $347M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin and Marshall 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.

Government Grants and Contracts

Grants & Contracts

$2.42M - Federal
$837k - State
$267k - Local

As of 2019, Franklin and Marshall College received $2.42M in grants and contracts from the federal government, $837k from state grants and contracts, and $267k from local grants and contracts.

Expenses

Salary Expenditure

$61.2M

2019 Salaries

4.06%

growth from 2018

In 2019, Franklin and Marshall College paid a median of $61.2M in salaries, which represents 43.1% of their overall expenditure ($142M) and a 4.06% growth from the previous year. This is compared to a 3.58% growth from 2017 and a 11.1% growth from 2016.

The median for similar Baccalaureate Colleges is 15.5M (41% of overall expenditures).

Instructional Salaries

$25.2M

Instructional Salaries

273

Number of Employees

In 2019, Franklin and Marshall College paid a total of $25.2M to 273 employees working as instructors, which represents 41.2% of all salaries paid.

This is compared to a median of $4.89M (31.6%) for similar Baccalaureate Colleges.

Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

95 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

112 Employees

In 2019, the most common positions for instructional staff at Franklin and Marshall College were Professor with 95 employees; Assistant professor with 91 employees; and Assistant professor with 79 employees.

In 2019, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 112 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 76 employees; and Office and Administrative Support with 76 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male Professor
Female Assistant professor
Male Assistant professor

In 2019, the most common demographic for instructional staff at Franklin and Marshall College was Male Professor with 61 employees, Female Assistant professor with 46 employees, and Male Assistant professor with 45 employees.

This chart shows the gender split between each academic rank present at Franklin and Marshall College.

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