Franklin and Marshall College

Baccalaureate Colleges

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2016 Undergraduate Tuition

$52,190

3.76% growth from 2015

2016 Average Net Price

$23,182

After Financial Aid

2015 Student Loan

2.03%

Default Rate

2016 Acceptance Rate

36.4%

6,953 Applicants

2016 Enrolled Students

2,255

98.7% Full-Time

2016 Graduation Rate

86.8%

546 Graduates

About

Costs

Admissions

Enrollment

Graduates

Operations

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 General Business Administration & Management (82 degrees awarded), Other Multidisciplinary Studies (59 degrees), and General Psychology (52 degrees).

In 2016, 626 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 56.2% of these degrees were awarded to women, and 43.8% awarded men. The majority of degree recipients were white (375 degrees), 8.33 times more than then the next closest race/ethnicity group, hispanic or latino (45 degrees).

The median undergraduate tuition at Franklin and Marshall College is $52,190, which is $27,775 more than the national average for Baccalaureate Colleges ($24,415).

Photo by Alex Proimos

Baccalaureate Colleges: Arts & Sciences FocusBaccalaureate Colleges

Costs

The median undergraduate tuition at Franklin and Marshall College is $52,190, which is $27,775 more than the national average for Baccalaureate Colleges ($24,415).

After taking grants and loans into account, the average net price for students is $23,182.

In 2016, 53% of undergraduate students received federal grants, while 43% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$52,190

2016 Undergraduate Tuition

In 2016, the cost of tuition at Franklin and Marshall College was $52,190. The cost of tuition at Franklin and Marshall College is $27,775 more than than the overall (public and private) national average for Baccalaureate Colleges ($24,415).

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

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Average Net Price

$23,182

2016 Value

0.39%

1 Year Growth

In 2016 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $23,182. Between 2015 and 2016, the average net price of Franklin and Marshall College grew by 0.39%.

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.

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Other Student Expenses

$12,770

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $12,770 in 2016. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 3.95% between 2015 and 2016. 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.

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Financial Aid

Financial Aid by Income Level

53%

Of Undergraduates Receive Grants

43%

Of Undergraduates Receive Federal Loans

53% of undergraduate students at Franklin and Marshall College received grants or loans in 2016. This represents a decline of 1.85% with respect to 2015, when 54% 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.

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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.

2.03%

2015 Default Rate

7

Number of Defaults

In 2015 the default rate for borrower's at Franklin and Marshall College was 2.03%, which represents 7 out of the 344 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.

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Admissions

Franklin and Marshall College received 6,953 undergraduate applications in 2016, which represents a 2.7% annual decline. Out of those 6,953 applicants, 2,529 students were accepted for enrollment, representing a 36.4% acceptance rate.

There were 2,255 students enrolled at Franklin and Marshall College in 2016, and N/A% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 25.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

36.4%

Acceptance Rate in 2016

2,529

Accepted Out of 6,953

In 2016, the undergraduate acceptance rate of Franklin and Marshall College was 36.4% (2,529 admissions from 6,953 applications). This is higher than the acceptance rate of 2015, which was 32.3%. Between 2015 and 2016, the number of applicants declined by -2.7%, while admissions grew by 9.72%.

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

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SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Franklin and Marshall College in 2016 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.

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Enrollment

Franklin and Marshall College has a total enrollment of 2,255 students. The full-time enrollment at Franklin and Marshall College is 2,225 students and the part-time enrollment is 30. This means that 98.7% 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 56.5% White, 8.51% Hispanic or Latino, 5.54% Black or African American, 5.41% Asian, 2.22% Two or More Races, 0.0443% Native Hawaiian or Other Pacific Islanders, and 0.0443% American Indian or Alaska Native.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are majority White Female (28.9%), followed by White Male (28.2%) and Hispanic or Latino Female (4.99%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

98.7%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College, both undergraduate and graduate, is 2,255 students. The full-time enrollment at Franklin and Marshall College is 2,225 and the part-time enrollment is 30. This means that 98.7% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 81% 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.

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Retention Rate over Time

91%

2016 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 91%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    1,275

  2. Hispanic or Latino

    192

  3. Black or African American

    125

The enrolled student population at Franklin and Marshall College is 56.5% White, 8.51% Hispanic or Latino, 5.54% Black or African American, 5.41% Asian, 2.22% Two or More Races, 0.0443% Native Hawaiian or Other Pacific Islanders, and 0.0443% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55.6% White, 14% Black or African American, and 12.4% 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, 148 students (6.56%) did not report their race.

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Graduates

In 2016, 78 more women than men received degrees from Franklin and Marshall College. The majority of degree recipients at Franklin and Marshall College are white (375 degrees awarded). There were 8.33 times more white graduates than the next closest race/ethnicity group, hispanic or latino (45 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is General Business Administration & Management (82 degrees awarded), followed by Other Multidisciplinary Studies (59 degrees) and General Psychology (52 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 Cultural & Gender Studies (17 degrees awarded), Natural Resources & Conservation (23 degrees), and Language & Linguistics (29 degrees).

Workforce

Common Jobs by Major

Miscellaneous managers

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 Miscellaneous managers (170,101 people), Elementary & middle school teachers (152,684 people), Postsecondary teachers (151,803 people), Lawyers, & judges, magistrates, & other judicial workers (118,085 people), and Physicians & surgeons (86,953 people).

The most specialized majors at Franklin and Marshall College are Cultural & Gender Studies (17 degrees awarded), Natural Resources & Conservation (23 degrees), Language & Linguistics (29 degrees), Physical Sciences (38 degrees), and History (25 degrees).

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Highest Paying Jobs by Major

Physicians & surgeons

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 Physicians & surgeons, Real estate brokers & sales agents, Chief executives & legislators, Securities, commodities, & financial services sales agents, and Aircraft pilots & flight engineers

The most specialized majors at Franklin and Marshall College are Cultural & Gender Studies (17 degrees awarded), Natural Resources & Conservation (23 degrees), Language & Linguistics (29 degrees), Physical Sciences (38 degrees), and History (25 degrees).

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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 (275,938 people), Colleges, universities & professional schools, including junior colleges (271,794 people), Hospitals (122,552 people), Legal services (96,515 people), and Computer Systems Design (87,583 people).

The most specialized majors at Franklin and Marshall College are Cultural & Gender Studies (17 degrees awarded), Natural Resources & Conservation (23 degrees), Language & Linguistics (29 degrees), Physical Sciences (38 degrees), and History (25 degrees).

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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

  1. General Business Administration & Management

    82 degrees awarded

  2. Other Multidisciplinary Studies

    59 degrees awarded

  3. General Psychology

    52 degrees awarded

In 2016, the most common bachelors degree concentration at Franklin and Marshall College was General Business Administration & Management with 82 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 274

  2. 352

In 2016, 274 degrees were awarded to men at Franklin and Marshall College, which is 0.778 times less than the number of degrees awarded to females (352).

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

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Most Common Male Majors

In 2016, 49 degrees were awarded to men at Franklin and Marshall College in General Business Administration & Management, which is 1.48 times more than the 33 female recipients with that same degree.

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Most Common Female Majors

In 2016, 41 degrees were awarded to women at Franklin and Marshall College in General Psychology, which is 3.73 times more than the 11 male recipients with that same degree.

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Time to Complete

82%

100% Completion Time

87%

150% Completion Time

In 2016, 82% 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, 87% completed their degrees within 150% of the normal time, and 87% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Black or African American Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Franklin and Marshall College is Female and Black or African American (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (67.2%).

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, 0% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    375 degrees awarded

  2. Hispanic or Latino

    45 degrees awarded

  3. Unknown

    38 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (375 degrees awarded). There were 8.33 times more white recipients than the next closest race/ethnicity group, hispanic or latino (45 degrees).

6.07% of degree recipients (38 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    210 degrees awarded

  2. White Male

    165 degrees awarded

  3. Hispanic or Latino Female

    24 degrees awarded

The most common race/ethnicity and gender grouping at Franklin and Marshall College is white female (210 degrees awarded). There were 1.27 times more white female recipients than the next closest race/ethnicity group, white male (165 degrees).

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Operations

Franklin and Marshall College has an endowment valued at nearly $335M, as of the end of the 2015 fiscal year. The return on its endowment was of $34.5M (10.3%), compared to the 2.13% average return ($717k on $33.6M) across all Baccalaureate Colleges.

In 2015, Franklin and Marshall College had a total expenditure of $126M. Of that $126M, they spent $52.7M on salaries and $126M on benefits.

Franklin and Marshall College employs 94 Assistant professors, 72 Professors, and 70 Associate professors. Most academics at Franklin and Marshall College are Male Assistant professors (47), Female Assistant professors(47), and Male Professors (44).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 104 employees, Office and Administrative Support, with 80 employees, and Service with 73 employees.

Finances

Endowment

$335M

2015 Endowment

1.35%

decline from 2014

Franklin and Marshall College has an endowment valued at about $335M, as of the end of the 2015 fiscal year. The endowment of Franklin and Marshall College declined 1.35% from the previous year. The value of their endowment was $301M 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.

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Government Grants and Contracts

Grants & Contracts

  1. $1.88M - Federal

  2. $96.1k - State

  3. $0 - Local

As of 2015, Franklin and Marshall College received $1.88M in grants and contracts from the federal government, $96.1k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$52.7M

Salary Expenditure

$126M

Benefits Expenditure

In 2015, Franklin and Marshall College had a total expenditure of $126M. Of that $126M, they spent $52.7M on salaries and $126M on benefits.

The bar chart shows the share of the primary expenses at Franklin and Marshall College over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Baccalaureate Colleges Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Franklin and Marshall College as a share of total expenditure.

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Salary Expenditure

$52.7M

2015 Salaries

0.939%

growth from 2014

In 2015, Franklin and Marshall College paid a median of $52.7M in salaries, which represents 41.6% of their overall expenditure ($126M) and a 0.939% growth from the previous year. This is compared to a 7.4% growth from 2013 and a 6.33% growth from 2012.

The median for similar Baccalaureate Colleges is 13.3M (38.4% of overall expenditures).

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Instructional Salaries

$22.8M

Instructional Salaries

273

Number of Employees

In 2015, Franklin and Marshall College paid a total of $22.8M to 273 employees working as instructors, which represents 43.3% of all salaries paid.

This is compared to a median of $4.52M (34%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

94 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

104 Employees

In 2016, the most common positions for instructional staff at Franklin and Marshall College were Assistant professor with 94 employees; Professor with 72 employees; and Professor with 70 employees.

In 2016, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 104 employees; Office and Administrative Support with 80 employees; and Service with 73 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Assistant professor

  2. Female Assistant professor

  3. Male Professor

In 2016, the most common demographic for instructional staff at Franklin and Marshall College was Male Assistant professor with 47 employees, Female Assistant professor with 47 employees, and Male Professor with 44 employees.

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

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