Franklin College

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2020 Undergraduate Tuition
$33,754
3% growth from 2019
2020 Average Net Price
$21,396
After Financial Aid
2018 Student Loan
5.08%
Default Rate
2020 Acceptance Rate
76.1%
2,073 Applicants
2020 Enrolled Students
994
95.8% Full-Time
2020 Graduation Rate
63.3%
207 Graduates

About

Franklin College is a higher education institution located in Johnson County, IN. In 2016, the most popular Bachelor's Degree concentrations at Franklin College were Kinesiology & Exercise Science (23 degrees awarded), Public Relations & Image Management (15 degrees), and General Biological Sciences (15 degrees).

In 2020, 230 degrees were awarded across all undergraduate and graduate programs at Franklin College. 47% of these degrees were awarded to women, and 53% awarded men. The most common race/ethnicity group of degree recipients was white (201 degrees), 20.1 times more than then the next closest race/ethnicity group, two or more races (10 degrees).

The median undergraduate tuition at Franklin College is $33,754, which is $5,354 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Franklin College is $33,754, which is $5,354 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $21,396.

In 2020, 98% of undergraduate students received federal grants, while 73% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$33,754
2020 Undergraduate Tuition

In 2020, the cost of tuition at Franklin College was $33,754. The cost of tuition at Franklin College is $5,354 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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Average Net Price

$21,396
2020 Value
6.58%
1 Year Growth

In 2020 Franklin College had an average net price — the price paid after factoring in grants and loans — of $21,396. Between 2019 and 2020, the average net price of Franklin College grew by 6.58%.

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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

$9,722
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Franklin College was of $9,722 in 2020. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 1.56% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

98%
Of Undergraduates Receive Grants
73%
Of Undergraduates Receive Federal Loans

98% of undergraduate students at Franklin College received grants or loans in 2020. This represents a growth of 1.03% with respect to 2019, 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.

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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.
5.08%
2018 Default Rate
15
Number of Defaults

In 2018 the default rate for borrower's at Franklin College was 5.08%, which represents 15 out of the 295 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 College received 2,073 undergraduate applications in 2020, which represents a 11.2% annual growth. Out of those 2,073 applicants, 1,577 students were accepted for enrollment, representing a 76.1% acceptance rate.

There were 994 students enrolled at Franklin College in 2020, and 87% of first-time enrollees submitted SAT scores with their applications.

Franklin College has an overall enrollment yield of 18.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

76.1%
Acceptance Rate in 2020
1,577
Accepted Out of 2,073

In 2020, the undergraduate acceptance rate of Franklin College was 76.1% (1,577 admissions from 2,073 applications). This is lower than the acceptance rate of 2019, which was 81.3%. Between 2019 and 2020, the number of applicants grew by 11.2%, while admissions grew by 4.02%.

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

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SAT Scores

87%
Submission Percentage
256
Scores Submitted

87% of enrolled first-time students at Franklin College in 2020 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 College has a total enrollment of 994 students. The full-time enrollment at Franklin College is 952 students and the part-time enrollment is 42. This means that 95.8% of students enrolled at Franklin College are enrolled full-time.

The enrolled student population at Franklin College, both undergraduate and graduate, is 84.5% White, 3.72% Black or African American, 3.72% Hispanic or Latino, 3.32% Two or More Races, 1.41% Asian, 0.402% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin College in full-time Undergraduate programs are most commonly White Female (45.1%), followed by White Male (40.8%) and Black or African American Male (2.46%). Students enrolled in full-time Graduate programs are most commonly White Female (66.1%), followed by White Male (19.6%) and Hispanic or Latino Female (7.14%).

Full-Time vs Part-Time Enrollment

95.8%
Full-Time Enrollment

The total enrollment at Franklin College, both undergraduate and graduate, is 994 students. The full-time enrollment at Franklin College is 952 and the part-time enrollment is 42. This means that 95.8% of students enrolled at Franklin College are enrolled full-time compared with 80.1% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

79%
2020 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 79%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), Franklin College had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    840
  2. Black or African American
    37
  3. Hispanic or Latino
    37

The enrolled student population at Franklin College is 84.5% White, 3.72% Black or African American, 3.72% Hispanic or Latino, 3.32% Two or More Races, 1.41% Asian, 0.402% 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 54.8% White, 13.8% Black or African American, and 13.4% 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, 25 students (2.52%) did not report their race.

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Graduates

In 2020, 14 fewer women than men received degrees from Franklin College. The most common race/ethnicity group of degree recipients at Franklin College is white (201 degrees awarded). There were 20.1 times more white graduates than the next closest race/ethnicity group, two or more races (10 degrees).

The most common Bachelor's Degree concentration at Franklin College is Kinesiology & Exercise Science (23 degrees awarded), followed by Public Relations & Image Management (15 degrees) and General Biological Sciences (15 degrees).

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 Philosophy and Religious Studies (7 degrees awarded), Parks, Recreation, & Leisure (23 degrees), and Math & Statistics (16 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin College are Lawyers, & judges, magistrates, & other judicial workers (194,920 people), Elementary & middle school teachers (182,027 people), Secondary school teachers (178,720 people), Postsecondary teachers (166,463 people), and Other managers (159,863 people).

The most specialized majors at Franklin College are Philosophy and Religious Studies (7 degrees awarded), Parks, Recreation, & Leisure (23 degrees), Math & Statistics (16 degrees), History (9 degrees), and English (10 degrees).

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Highest Paying Jobs by Major

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, Securities, commodities, & financial services sales agents, Other financial specialists, Agents & business managers of artists, performers, & athletes, and Physicians

The most specialized majors at Franklin College are Philosophy and Religious Studies (7 degrees awarded), Parks, Recreation, & Leisure (23 degrees), Math & Statistics (16 degrees), History (9 degrees), and English (10 degrees).

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Common Industries by Major

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 (498,124 people), Colleges, universities & professional schools, including junior colleges (328,039 people), Legal services (158,046 people), Computer Systems Design (157,083 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (134,815 people).

The most specialized majors at Franklin College are Philosophy and Religious Studies (7 degrees awarded), Parks, Recreation, & Leisure (23 degrees), Math & Statistics (16 degrees), History (9 degrees), and English (10 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 College.
Most Common
  1. 23 degree-majorss awarded
  2. 15 degree-majorss awarded
  3. 15 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Franklin College was Kinesiology & Exercise Science with 23 degrees awarded.

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

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Sex Breakdown for Common Majors

122
Degrees Awarded to Men
in 2020
108
Degrees Awarded to Women
in 2020

In 2020, 122 degrees were awarded to men at Franklin College, which is 1.13 times more than the number of degrees awarded to females (108).

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

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Most Common Male Majors

In 2020, 15 degrees were awarded to men at Franklin College in Kinesiology & Exercise Science, which is 1.88 times more than the 8 female recipients with that same degree.

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Most Common Female Majors

In 2020, 11 degrees were awarded to women at Franklin College in Elementary Education & Teaching, which is Infinityk times more than the 0 male recipients with that same degree.

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Time to Complete

56%
100% Completion Time
61%
150% Completion Time

In 2020, 56% of students graduating from Franklin College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 61% completed their degrees within 150% of the normal time, and 61% 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 Sex

Showing demographic groups with ≥ 5 graduating students.
Hispanic or Latino Female
Highest Graduation Rate (83.3%)

The student demographic with the highest graduation rate at Franklin College is Female and Hispanic or Latino (83.3% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 0.966% of graduates (2 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    201 degrees awarded
  2. Two or More Races
    10 degrees awarded
  3. Black or African American
    6 degrees awarded

The most common race/ethnicity at Franklin College is white (201 degrees awarded). There were 20.1 times more white recipients than the next closest race/ethnicity group, two or more races (10 degrees).

1.74% of degree recipients (4 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Male
    105 degrees awarded
  2. White Female
    96 degrees awarded
  3. Two or More Races Male
    7 degrees awarded

The most common race/ethnicity and sex grouping at Franklin College is white male (105 degrees awarded). There were 1.09 times more white male recipients than the next closest race/ethnicity group, white female (96 degrees).

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Operations

Franklin College has an endowment valued at nearly $83.8M, as of the end of the 2020 fiscal year. The return on its endowment was of $886k (1.06%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Franklin College had a total salary expenditure of $30.5M. Franklin College employs 36 Assistant professors, 15 Professors, and 15 Associate professors. Most academics at Franklin College are Female Assistant professors (20), Male Assistant professors(16), and Male Professors (10).

The most common positions for non-instructional staff at Franklin College are: Service, with 27 employees, Office and Administrative Support, with 27 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 24 employees.

Finances

Endowment

$83.8M
2020 Endowment
4.12%
decline from 2019

Franklin College has an endowment valued at about $83.8M, as of the end of the 2020 fiscal year. The endowment of Franklin College declined 4.12% from the previous year. The value of their endowment was $43.9M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $406k - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Franklin College received $406k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$13M
2020 Salaries
1.68%
growth from 2019

In 2020, Franklin College paid a median of $13M in salaries, which represents 42.6% of their overall expenditure ($30.5M) and a 1.68% growth from the previous year. This is compared to a 3.22% growth from 2018 and a 0.0798% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

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Instructional Salaries

$4.57M
Instructional Salaries
75
Number of Employees

In 2020, Franklin College paid a total of $4.57M to 75 employees working as instructors, which represents 35.2% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
36 Employees
Service
Most Common Non-Instructional Employee
27 Employees

In 2020, the most common positions for instructional staff at Franklin College were Assistant professor with 36 employees; Professor with 15 employees; and Professor with 15 employees.

In 2020, the most common positions for non-instructional staff at Franklin College were Service with 27 employees; Office and Administrative Support with 27 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 24 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Assistant professor
  2. Male Assistant professor
  3. Male Professor

In 2020, the most common demographic for instructional staff at Franklin College was Female Assistant professor with 20 employees, Male Assistant professor with 16 employees, and Male Professor with 10 employees.

This chart shows the sex split between each academic rank present at Franklin College.

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