Franklin University

Add Comparison
2020 Undergraduate Tuition
$9,552
0% growth from 2019
2020 Average Net Price
$7,658
After Financial Aid
2018 Student Loan
5%
Default Rate
2020 Enrolled Students
5,926
40.1% Full-Time
2020 Graduation Rate
41.8%
79 Graduates

About

Franklin University is a higher education institution located in Franklin County, OH. In 2016, the most popular Bachelor's Degree concentrations at Franklin University were General Business Administration & Management (252 degrees awarded), Accounting (148 degrees), and General Human Resources Management & Personnel Administration (73 degrees).

In 2020, 1,752 degrees were awarded across all undergraduate and graduate programs at Franklin University. 58.5% of these degrees were awarded to women, and 41.5% awarded men. The most common race/ethnicity group of degree recipients was white (893 degrees), 2.01 times more than then the next closest race/ethnicity group, unknown (444 degrees).

The median undergraduate tuition at Franklin University is $9,552, which is $−4,848 less than the national average for Special Focus Institutions ($14,400).

Costs

The median undergraduate tuition at Franklin University is $9,552, which is $−4,848 less than the national average for Special Focus Institutions ($14,400).

After taking grants and loans into account, the average net price for students is $7,658.

In 2020, 41% of undergraduate students attending Franklin University received financial aid through grants. Comparatively, 48% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$9,552
2020 Undergraduate Tuition

In 2020, the cost of tuition at Franklin University was $9,552. The cost of tuition at Franklin University is $−4,848 less than than the overall (public and private) national average for Special Focus Institutions ($14,400).

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

View Data
Save Image
Add Data to Cart

Average Net Price

$7,658
2020 Value
38.5%
1 Year Growth

In 2020 Franklin University had an average net price — the price paid after factoring in grants and loans — of $7,658. Between 2019 and 2020, the average net price of Franklin University grew by 38.5%.

This chart compares the average net price of Franklin University (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.

View Data
Save Image
Add Data to Cart

Other Student Expenses

$14,914
Room and Board
$1,080
Books and Supplies

The average yearly cost of room and board at Franklin University was of $14,914 in 2020. During the same period, the average yearly cost of books and supplies was $1,080. The cost of room and board increased by 20.9% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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

View Data
Save Image
Add Data to Cart

Financial Aid

Financial Aid by Income Level

41%
Undergraduates Receiving Financial Aid through Grants
48%
Undergraduates Receiving Financial Aid through Loans

41% of undergraduate students at Franklin University received financial aid through grants or loans in 2020. This represents a decline of 12.8% with respect to 2019, when 47% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin University (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.

View Data
Save Image
Add Data to Cart

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%
2018 Default Rate
111
Number of Defaults

In 2018 the default rate for borrower's at Franklin University was 5%, which represents 111 out of the 2219 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.

View Data
Save Image

Enrollment

Franklin University has a total enrollment of 5,926 students. The full-time enrollment at Franklin University is 2,377 students and the part-time enrollment is 3,549. This means that 40.1% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 50.9% White, 16.3% Black or African American, 3.51% Hispanic or Latino, 2.7% Asian, 2.68% Two or More Races, 1.13% American Indian or Alaska Native, and 0.0844% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are most commonly White Female (34.8%), followed by White Male (24.3%) and Black or African American Female (8.22%). Students enrolled in full-time Graduate programs are most commonly White Female (22.2%), followed by White Male (12.4%) and Black or African American Female (11.7%).

Full-Time vs Part-Time Enrollment

40.1%
Full-Time Enrollment

The total enrollment at Franklin University, both undergraduate and graduate, is 5,926 students. The full-time enrollment at Franklin University is 2,377 and the part-time enrollment is 3,549. This means that 40.1% of students enrolled at Franklin University are enrolled full-time compared with 68.5% at similar Special Focus Institutions.

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

View Data
Save Image
Add Data to Cart

Retention Rate over Time

9%
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 University was 9%. Compared with the full-time retention rate at similar Special Focus Institutions (71.5%), Franklin University had a retention rate lower than its peers.

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

View Data
Save Image
Add Data to Cart

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,016
  2. Black or African American
    963
  3. Hispanic or Latino
    208

The enrolled student population at Franklin University is 50.9% White, 16.3% Black or African American, 3.51% Hispanic or Latino, 2.7% Asian, 2.68% Two or More Races, 1.13% American Indian or Alaska Native, and 0.0844% 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 Special Focus Institutions is 44% White, 17.3% Hispanic or Latino, and 14.4% Black or African American.

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, 1,265 students (21.3%) did not report their race.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Graduates

In 2020, 298 more women than men received degrees from Franklin University. The most common race/ethnicity group of degree recipients at Franklin University is white (893 degrees awarded). There were 2.01 times more white graduates than the next closest race/ethnicity group, unknown (444 degrees).

The most common Bachelor's Degree concentration at Franklin University is General Business Administration & Management (252 degrees awarded), followed by Accounting (148 degrees) and General Human Resources Management & Personnel Administration (73 degrees).

The most specialized majors across all degree types at Franklin University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (1,190 degrees awarded), Psychology (99 degrees), and Computer and Information Sciences and Support Services (89 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin University are Accountants & auditors (1,066,292 people), Other managers (802,077 people), Software developers (550,227 people), Financial managers (477,277 people), and Chief executives & legislators (389,841 people).

The most specialized majors at Franklin University are Business (1,190 degrees awarded), Psychology (99 degrees), Computer and Information Sciences and Support Services (89 degrees), Protective Services (50 degrees), and Public Administration and Social Service (33 degrees).

View Data
Save Image

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 University are Surgeons, Physicians, Magnetic resonance imaging technologists, Aircraft pilots & flight engineers, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Franklin University are Business (1,190 degrees awarded), Psychology (99 degrees), Computer and Information Sciences and Support Services (89 degrees), Protective Services (50 degrees), and Public Administration and Social Service (33 degrees).

View Data
Save Image

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 University are Computer Systems Design (941,728 people), Elementary & secondary schools (871,466 people), Banking & related activities (558,120 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (553,956 people), and Colleges, universities & professional schools, including junior colleges (551,793 people).

The most specialized majors at Franklin University are Business (1,190 degrees awarded), Psychology (99 degrees), Computer and Information Sciences and Support Services (89 degrees), Protective Services (50 degrees), and Public Administration and Social Service (33 degrees).

View Data
Save Image

Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Franklin University.
Most Common
  1. 252 degree-majorss awarded
  2. 148 degree-majorss awarded
  3. 73 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Franklin University was General Business Administration & Management with 252 degrees awarded.

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

View Data
Save Image
Add Data to Cart

Sex Breakdown for Common Majors

727
Degrees Awarded to Men
in 2020
1,025
Degrees Awarded to Women
in 2020

In 2020, 727 degrees were awarded to men at Franklin University, which is 0.709 times less than the number of degrees awarded to females (1,025).

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

View Data
Save Image
Add Data to Cart

Most Common Male Majors

In 2020, 285 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.817 times less than the 349 female recipients with that same degree.

View Data
Save Image
Add Data to Cart

Most Common Female Majors

In 2020, 349 degrees were awarded to women at Franklin University in General Business Administration & Management, which is 1.22 times more than the 285 male recipients with that same degree.

View Data
Save Image
Add Data to Cart

Time to Complete

18%
100% Completion Time
26%
150% Completion Time

In 2020, 18% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 26% completed their degrees within 150% of the normal time, and 27% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

View Data
Save Image
Add Data to Cart

Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Franklin University is Male and Two or More Races (100% graduation rate). Across all Special Focus Institutions, 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, 6.33% of graduates (5 students) did not report their race.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    893 degrees awarded
  2. Unknown
    444 degrees awarded
  3. Black or African American
    255 degrees awarded

The most common race/ethnicity at Franklin University is white (893 degrees awarded). There were 2.01 times more white recipients than the next closest race/ethnicity group, unknown (444 degrees).

25.3% of degree recipients (444 students) did not report their race.

View Data
Save Image
Add Data to Cart

Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    536 degrees awarded
  2. White Male
    357 degrees awarded
  3. Black or African American Female
    146 degrees awarded

The most common race/ethnicity and sex grouping at Franklin University is white female (536 degrees awarded). There were 1.5 times more white female recipients than the next closest race/ethnicity group, white male (357 degrees).

View Data
Save Image
Add Data to Cart

Operations

Franklin University has an endowment valued at nearly $8.29M, as of the end of the 2020 fiscal year. The return on its endowment was of $11.3M (136%), compared to the 1.87% average return ($195k on $10.4M) across all Special Focus Institutions.

In 2020, Franklin University had a total salary expenditure of $83.5M. Franklin University employs 64 No academic ranks, 0 N/A, and 0 N/A. Most academics at Franklin University are Male No academic ranks (33), Female No academic ranks(31), and N/A (0).

The most common positions for non-instructional staff at Franklin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 100 employees, Business and Financial Operations, with 56 employees, and Office and Administrative Support with 53 employees.

Finances

Endowment

$8.29M
2020 Endowment
14.6%
growth from 2019

Franklin University has an endowment valued at about $8.29M, as of the end of the 2020 fiscal year. The endowment of Franklin University grew 14.6% from the previous year. The value of their endowment was $2.14M lower than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Business & Management Schools Carnegie Classification grouping.

View Data
Save Image
Add Data to Cart
View Data
Save Image
Add Data to Cart

Government Grants and Contracts

Grants & Contracts
  1. $7.57M - Federal
  2. $0 - State
  3. $0 - Local

As of 2020, Franklin University received $7.57M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

View Data
Save Image
Add Data to Cart

Expenses

Salary Expenditure

$44.4M
2020 Salaries
15.2%
growth from 2019

In 2020, Franklin University paid a median of $44.4M in salaries, which represents 53.1% of their overall expenditure ($83.5M) and a 15.2% growth from the previous year. This is compared to a 25.2% growth from 2018 and a 1.65% growth from 2017.

The median for similar Special Focus Institutions is 2.95M (42.1% of overall expenditures).

View Data
Save Image
Add Data to Cart

Instructional Salaries

$7.29M
Instructional Salaries
64
Number of Employees

In 2020, Franklin University paid a total of $7.29M to 64 employees working as instructors, which represents 16.4% of all salaries paid.

This is compared to a median of $855k (29%) for similar Special Focus Institutions.

View Data
Save Image
Add Data to Cart

Faculty and Staff

Occupations by Share

No academic rank
Most Common Instructor
64 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
100 Employees

In 2020, the most common positions for instructional staff at Franklin University were No academic rank with 64 employees; false with 0 employees; and false with 0 employees.

In 2020, the most common positions for non-instructional staff at Franklin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 100 employees; Business and Financial Operations with 56 employees; and Office and Administrative Support with 53 employees.

View Data
Save Image
Add Data to Cart

Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male No academic rank
  2. Female No academic rank

In 2020, the most common demographic for instructional staff at Franklin University was Male No academic rank with 33 employees, and Female No academic rank with 31 employees.

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

View Data
Save Image
Add Data to Cart