Franklin College

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2016 Undergraduate Tuition

$29,840

3.47% growth from 2015

2016 Average Net Price

$22,031

After Financial Aid

2015 Student Loan

5.63%

Default Rate

2016 Acceptance Rate

78.1%

1,479 Applicants

2016 Enrolled Students

1,023

94.6% Full-Time

2016 Graduation Rate

65.7%

190 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 General Biological Sciences (27 degrees awarded), General Psychology (21 degrees), and Public Relations & Image Management (16 degrees).

In 2016, 257 degrees were awarded across all undergraduate and graduate programs at Franklin College. 51% of these degrees were awarded to women, and 49% awarded men. The majority of degree recipients were white (220 degrees), 16.9 times more than then the next closest race/ethnicity group, two or more races (13 degrees).

The median undergraduate tuition at Franklin College is $29,840, which is $5,425 more than the national average for Baccalaureate Colleges ($24,415).

Costs

The median undergraduate tuition at Franklin College is $29,840, which is $5,425 more than the national average for Baccalaureate Colleges ($24,415).

After taking grants and loans into account, the average net price for students is $22,031.

In 2016, 98% of undergraduate students received federal grants, while 56% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$29,840

2016 Undergraduate Tuition

In 2016, the cost of tuition at Franklin College was $29,840. The cost of tuition at Franklin College is $5,425 more than than the overall (public and private) national average for Baccalaureate Colleges ($24,415).

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

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Average Net Price

$22,031

2016 Value

1.22%

1 Year Growth

In 2016 Franklin College had an average net price — the price paid after factoring in grants and loans — of $22,031. Between 2015 and 2016, the average net price of Franklin College grew by 1.22%.

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.

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Other Student Expenses

$8,270

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin College was of $8,270 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 1.63% 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 College (in red) with that of similar universities.

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Financial Aid

Financial Aid by Income Level

98%

Of Undergraduates Receive Grants

56%

Of Undergraduates Receive Federal Loans

98% of undergraduate students at Franklin College received grants or loans in 2016. This represents a growth of 0% with respect to 2015, when 98% 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.

5.63%

2015 Default Rate

17

Number of Defaults

In 2015 the default rate for borrower's at Franklin College was 5.63%, which represents 17 out of the 302 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 1,479 undergraduate applications in 2016, which represents a 26.9% annual decline. Out of those 1,479 applicants, 1,155 students were accepted for enrollment, representing a 78.1% acceptance rate.

There were 1,023 students enrolled at Franklin College in 2016, and 80% of first-time enrollees submitted SAT scores with their applications.

Franklin College has an overall enrollment yield of 20.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

78.1%

Acceptance Rate in 2016

1,155

Accepted Out of 1,479

In 2016, the undergraduate acceptance rate of Franklin College was 78.1% (1,155 admissions from 1,479 applications). This is higher than the acceptance rate of 2015, which was 69.8%. Between 2015 and 2016, the number of applicants declined by -269%, while admissions declined by -182%.

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

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SAT Scores

80%

Submission Percentage

192

Scores Submitted

80% of enrolled first-time students at Franklin 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 College has a total enrollment of 1,023 students. The full-time enrollment at Franklin College is 968 students and the part-time enrollment is 55. This means that 94.6% of students enrolled at Franklin College are enrolled full-time.

The enrolled student population at Franklin College, both undergraduate and graduate, is 84% White, 4.79% Black or African American, 3.81% Two or More Races, 3.62% Hispanic or Latino, 0.978% Asian, 0.196% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin College in full-time Undergraduate programs are majority White Female (43.4%), followed by White Male (40.7%) and Black or African American Male (3.02%). Students enrolled in full-time Graduate programs are majority White Female (62.5%), followed by White Male (25%) and Two or More Races Female (0%).

Full-Time vs Part-Time Enrollment

94.6%

Full-Time Enrollment

The total enrollment at Franklin College, both undergraduate and graduate, is 1,023 students. The full-time enrollment at Franklin College is 968 and the part-time enrollment is 55. This means that 94.6% of students enrolled at Franklin 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 College (in red) compares to similar universities.

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Retention Rate over Time

74%

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 College was 74%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Franklin College had a retention rate approximately the same as 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

    859

  2. Black or African American

    49

  3. Two or More Races

    39

The enrolled student population at Franklin College is 84% White, 4.79% Black or African American, 3.81% Two or More Races, 3.62% Hispanic or Latino, 0.978% Asian, 0.196% 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 55.6% 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, 20 students (1.96%) did not report their race.

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Graduates

In 2016, 5 more women than men received degrees from Franklin College. The majority of degree recipients at Franklin College are white (220 degrees awarded). There were 16.9 times more white graduates than the next closest race/ethnicity group, two or more races (13 degrees).

The most common Bachelor's Degree concentration at Franklin College is General Biological Sciences (27 degrees awarded), followed by General Psychology (21 degrees) and Public Relations & Image Management (16 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 History (11 degrees awarded), Language & Linguistics (11 degrees), and Math & Statistics (12 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 Elementary & middle school teachers (238,000 people), Miscellaneous managers (215,526 people), Lawyers, & judges, magistrates, & other judicial workers (149,182 people), Postsecondary teachers (136,829 people), and Marketing & sales managers (106,760 people).

The most specialized majors at Franklin College are History (11 degrees awarded), Language & Linguistics (11 degrees), Math & Statistics (12 degrees), Communications (28 degrees), and Cultural & Gender Studies (3 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 Physicians & surgeons, Real estate brokers & sales agents, Chief executives & legislators, Securities, commodities, & financial services sales agents, and Credit counselors & loan officers

The most specialized majors at Franklin College are History (11 degrees awarded), Language & Linguistics (11 degrees), Math & Statistics (12 degrees), Communications (28 degrees), and Cultural & Gender Studies (3 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 (442,057 people), Colleges, universities & professional schools, including junior colleges (297,559 people), Computer Systems Design (156,411 people), Insurance carriers & related activities (141,772 people), and Legal services (130,225 people).

The most specialized majors at Franklin College are History (11 degrees awarded), Language & Linguistics (11 degrees), Math & Statistics (12 degrees), Communications (28 degrees), and Cultural & Gender Studies (3 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. 27 degrees awarded

  2. 21 degrees awarded

  3. 16 degrees awarded

In 2016, the most common bachelors degree concentration at Franklin College was General Biological Sciences with 27 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 126

  2. 131

In 2016, 126 degrees were awarded to men at Franklin College, which is 0.962 times less than the number of degrees awarded to females (131).

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

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Most Common Male Majors

In 2016, 14 degrees were awarded to men at Franklin College in General Biological Sciences, which is 1.08 times more than the 13 female recipients with that same degree.

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Most Common Female Majors

In 2016, 15 degrees were awarded to women at Franklin College in General Psychology, which is 2.5 times more than the 6 male recipients with that same degree.

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Time to Complete

54%

100% Completion Time

61%

150% Completion Time

In 2016, 54% 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 Gender

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Franklin College is Male and Hispanic or Latino (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, 2.11% of graduates (4 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    220 degrees awarded

  2. Two or More Races

    13 degrees awarded

  3. Unknown

    10 degrees awarded

The most common race/ethnicity at Franklin College is white (220 degrees awarded). There were 16.9 times more white recipients than the next closest race/ethnicity group, two or more races (13 degrees).

3.89% of degree recipients (10 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    112 degrees awarded

  2. White Male

    108 degrees awarded

  3. Two or More Races Female

    10 degrees awarded

The most common race/ethnicity and gender grouping at Franklin College is white female (112 degrees awarded). There were 1.04 times more white female recipients than the next closest race/ethnicity group, white male (108 degrees).

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Operations

Franklin College has an endowment valued at nearly $84.7M, as of the end of the 2015 fiscal year. The return on its endowment was of $1.14M (1.34%), compared to the 2.13% average return ($717k on $33.6M) across all Baccalaureate Colleges.

In 2015, Franklin College had a total expenditure of $29.1M. Of that $29.1M, they spent $12.4M on salaries and $29.1M on benefits.

Franklin College employs 26 Assistant professors, 24 Professors, and 15 Associate professors. Most academics at Franklin College are Male Professors (19), Female Assistant professors(17), and Male Associate professors (10).

The most common positions for non-instructional staff at Franklin College are: Office and Administrative Support, with 32 employees, Service, with 28 employees, and Management with 24 employees.

Finances

Endowment

$84.7M

2015 Endowment

3.31%

decline from 2014

Franklin College has an endowment valued at about $84.7M, as of the end of the 2015 fiscal year. The endowment of Franklin College declined 3.31% from the previous year. The value of their endowment was $51.1M 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. $176k - Federal

  2. $0 - State

  3. $0 - Local

As of 2015, Franklin College received $176k 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

Primary Expenses

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

$12.4M

Salary Expenditure

$29.1M

Benefits Expenditure

In 2015, Franklin College had a total expenditure of $29.1M. Of that $29.1M, they spent $12.4M on salaries and $29.1M on benefits.

The bar chart shows the share of the primary expenses at Franklin 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 College as a share of total expenditure.

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Salary Expenditure

$12.4M

2015 Salaries

2.96%

growth from 2014

In 2015, Franklin College paid a median of $12.4M in salaries, which represents 42.8% of their overall expenditure ($29.1M) and a 2.96% growth from the previous year. This is compared to a 10.2% growth from 2013 and a 1.1% growth from 2012.

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

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Instructional Salaries

$4.5M

Instructional Salaries

74

Number of Employees

In 2015, Franklin College paid a total of $4.5M to 74 employees working as instructors, which represents 36.1% 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

26 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

32 Employees

In 2016, the most common positions for instructional staff at Franklin College were Assistant professor with 26 employees; Professor with 24 employees; and Professor with 15 employees.

In 2016, the most common positions for non-instructional staff at Franklin College were Office and Administrative Support with 32 employees; Service with 28 employees; and Management with 24 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Female Assistant professor

  3. Male Associate professor

In 2016, the most common demographic for instructional staff at Franklin College was Male Professor with 19 employees, Female Assistant professor with 17 employees, and Male Associate professor with 10 employees.

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

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