Franklin and Marshall College

Baccalaureate Colleges

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2017 Undergraduate Tuition

$54,270

3.99% growth from 2016

2017 Average Net Price

$24,472

After Financial Aid

2016 Student Loan

0.906%

Default Rate

2017 Acceptance Rate

34.1%

6,720 Applicants

2017 Enrolled Students

2,283

99.1% Full-Time

2017 Graduation Rate

85.5%

508 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 (68 degrees awarded), Other Multidisciplinary Studies (67 degrees), and General Economics (66 degrees).

In 2017, 646 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 50.3% of these degrees were awarded to women, and 49.7% awarded men. The majority of degree recipients were white (371 degrees), 7 times more than then the next closest race/ethnicity group, hispanic or latino (53 degrees).

The median undergraduate tuition at Franklin and Marshall College is $54,270, which is $29,076 more than the national average for Baccalaureate Colleges ($25,194).

Photo by Alex Proimos

Baccalaureate Colleges: Arts & Sciences FocusBaccalaureate Colleges

Costs

The median undergraduate tuition at Franklin and Marshall College is $54,270, which is $29,076 more than the national average for Baccalaureate Colleges ($25,194).

After taking grants and loans into account, the average net price for students is $24,472.

In 2017, 55% of undergraduate students received federal grants, while 44% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$54,270

2017 Undergraduate Tuition

In 2017, the cost of tuition at Franklin and Marshall College was $54,270. The cost of tuition at Franklin and Marshall College is $29,076 more than than the overall (public and private) national average for Baccalaureate Colleges ($25,194).

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

$24,472

2017 Value

5.56%

1 Year Growth

In 2017 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $24,472. Between 2016 and 2017, the average net price of Franklin and Marshall College grew by 5.56%.

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

$12,945

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $12,945 in 2017. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 1.37% between 2016 and 2017. 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

55%

Of Undergraduates Receive Grants

44%

Of Undergraduates Receive Federal Loans

55% of undergraduate students at Franklin and Marshall College received grants or loans in 2017. This represents a growth of 3.77% with respect to 2016, when 53% 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.

0.906%

2016 Default Rate

3

Number of Defaults

In 2016 the default rate for borrower's at Franklin and Marshall College was 0.906%, which represents 3 out of the 331 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 6,720 undergraduate applications in 2017, which represents a 3.35% annual decline. Out of those 6,720 applicants, 2,292 students were accepted for enrollment, representing a 34.1% acceptance rate.

There were 2,283 students enrolled at Franklin and Marshall College in 2017, and N/A% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 28.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

34.1%

Acceptance Rate in 2017

2,292

Accepted Out of 6,720

In 2017, the undergraduate acceptance rate of Franklin and Marshall College was 34.1% (2,292 admissions from 6,720 applications). This is lower than the acceptance rate of 2016, which was 36.4%. Between 2016 and 2017, the number of applicants declined by -3.35%, while admissions declined by -9.37%.

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 2017 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 2,283 students. The full-time enrollment at Franklin and Marshall College is 2,263 students and the part-time enrollment is 20. This means that 99.1% 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 56.7% White, 9.77% Hispanic or Latino, 6.13% Black or African American, 5.12% Asian, 2.5% Two or More Races, 0.0876% American Indian or Alaska Native, and 0.0438% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are majority White Female (29.3%), followed by White Male (27.7%) and Hispanic or Latino Female (5.52%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

99.1%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College, both undergraduate and graduate, is 2,283 students. The full-time enrollment at Franklin and Marshall College is 2,263 and the part-time enrollment is 20. This means that 99.1% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 80.6% 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

92%

2017 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 92%. 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    1,295

  2. Hispanic or Latino

    223

  3. Black or African American

    140

The enrolled student population at Franklin and Marshall College is 56.7% White, 9.77% Hispanic or Latino, 6.13% Black or African American, 5.12% Asian, 2.5% Two or More Races, 0.0876% American Indian or Alaska Native, and 0.0438% 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 54.9% White, 14% Black or African American, and 12.6% 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, 95 students (4.16%) did not report their race.

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Graduates

In 2017, 4 more women than men received degrees from Franklin and Marshall College. The majority of degree recipients at Franklin and Marshall College are white (371 degrees awarded). There were 7 times more white graduates than the next closest race/ethnicity group, hispanic or latino (53 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is General Business Administration & Management (68 degrees awarded), followed by Other Multidisciplinary Studies (67 degrees) and General Economics (66 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 Social Sciences (165 degrees awarded), Language & Linguistics (26 degrees), and Math & Statistics (30 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 (413,396 people), Elementary & middle school teachers (320,176 people), Other managers (294,047 people), Postsecondary teachers (189,724 people), and Chief executives & legislators (127,322 people).

The most specialized majors at Franklin and Marshall College are Social Sciences (165 degrees awarded), Language & Linguistics (26 degrees), Math & Statistics (30 degrees), Interdisciplinary Studies (67 degrees), and History (22 degrees).

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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 and Marshall College are Surgeons, Nuclear medicine technologists and medical dosimetrists, Chemists & materials scientists, Dentists, and Cardiovascular technologists and technicians

The most specialized majors at Franklin and Marshall College are Social Sciences (165 degrees awarded), Language & Linguistics (26 degrees), Math & Statistics (30 degrees), Interdisciplinary Studies (67 degrees), and History (22 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 (602,739 people), Colleges, universities & professional schools, including junior colleges (400,141 people), Legal services (327,574 people), Computer Systems Design (240,121 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (234,060 people).

The most specialized majors at Franklin and Marshall College are Social Sciences (165 degrees awarded), Language & Linguistics (26 degrees), Math & Statistics (30 degrees), Interdisciplinary Studies (67 degrees), and History (22 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

    68 degrees awarded

  2. Other Multidisciplinary Studies

    67 degrees awarded

  3. General Economics

    66 degrees awarded

In 2017, the most common bachelors degree concentration at Franklin and Marshall College was General Business Administration & Management with 68 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. 321

  2. 325

In 2017, 321 degrees were awarded to men at Franklin and Marshall College, which is 0.988 times less than the number of degrees awarded to females (325).

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 2017, 50 degrees were awarded to men at Franklin and Marshall College in General Economics, which is 3.13 times more than the 16 female recipients with that same degree.

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Most Common Female Majors

In 2017, 39 degrees were awarded to women at Franklin and Marshall College in Other Multidisciplinary Studies, which is 1.39 times more than the 28 male recipients with that same degree.

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Time to Complete

81%

100% Completion Time

87%

150% Completion Time

In 2017, 81% 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.

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 (68.1%).

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, 6.1% of graduates (31 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    371 degrees awarded

  2. Hispanic or Latino

    53 degrees awarded

  3. Unknown

    51 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (371 degrees awarded). There were 7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (53 degrees).

7.89% of degree recipients (51 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Male

    187 degrees awarded

  2. White Female

    184 degrees awarded

  3. Hispanic or Latino Female

    33 degrees awarded

The most common race/ethnicity and gender grouping at Franklin and Marshall College is white male (187 degrees awarded). There were 1.02 times more white male recipients than the next closest race/ethnicity group, white female (184 degrees).

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Operations

Franklin and Marshall College has an endowment valued at nearly $368M, as of the end of the 2017 fiscal year. The return on its endowment was of $41.1M (11.2%), compared to the 7.76% average return ($2.88M on $37.1M) across all Baccalaureate Colleges.

In 2017, Franklin and Marshall College had a total salary expenditure of $138M. Franklin and Marshall College employs 100 Assistant professors, 80 Professors, and 79 Associate professors. Most academics at Franklin and Marshall College are Female Assistant professors (56), Male Professors(51), and Male Assistant professors (44).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 111 employees, Office and Administrative Support, with 87 employees, and Service with 75 employees.

Finances

Endowment

$368M

2017 Endowment

12.1%

growth from 2016

Franklin and Marshall College has an endowment valued at about $368M, as of the end of the 2017 fiscal year. The endowment of Franklin and Marshall College grew 12.1% from the previous year. The value of their endowment was $331M 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. $2.91M - Federal

  2. $37.5k - State

  3. $251k - Local

As of 2017, Franklin and Marshall College received $2.91M in grants and contracts from the federal government, $37.5k from state grants and contracts, and $251k from local grants and contracts.

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Expenses

Salary Expenditure

$56.8M

2017 Salaries

11.1%

growth from 2016

In 2017, Franklin and Marshall College paid a median of $56.8M in salaries, which represents 41.1% of their overall expenditure ($138M) and a 11.1% growth from the previous year. This is compared to a 2.91% decline from 2015 and a 0.939% growth from 2014.

The median for similar Baccalaureate Colleges is 14.2M (38.9% of overall expenditures).

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Instructional Salaries

$23.5M

Instructional Salaries

270

Number of Employees

In 2017, Franklin and Marshall College paid a total of $23.5M to 270 employees working as instructors, which represents 41.4% of all salaries paid.

This is compared to a median of $8.01M (34.6%) for similar Baccalaureate Colleges: Arts & Sciences Focus.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

100 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

111 Employees

In 2017, the most common positions for instructional staff at Franklin and Marshall College were Assistant professor with 100 employees; Professor with 80 employees; and Professor with 79 employees.

In 2017, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 111 employees; Office and Administrative Support with 87 employees; and Service with 75 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Female Assistant professor

  2. Male Professor

  3. Male Assistant professor

In 2017, the most common demographic for instructional staff at Franklin and Marshall College was Female Assistant professor with 56 employees, Male Professor with 51 employees, and Male Assistant professor with 44 employees.

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

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