Franklin University

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2017 Undergraduate Tuition

$12,216

3.04% growth from 2016

2017 Average Net Price

$24,779

After Financial Aid

2016 Student Loan

8.26%

Default Rate

2017 Enrolled Students

4,753

42.1% Full-Time

2017 Graduation Rate

7.14%

3 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 (286 degrees awarded), Accounting (174 degrees), and Health Care Administration & Management (87 degrees).

In 2017, 1,666 degrees were awarded across all undergraduate and graduate programs at Franklin University. 56.3% of these degrees were awarded to women, and 43.7% awarded men. The majority of degree recipients were white (1,047 degrees), 4.09 times more than then the next closest race/ethnicity group, black or african american (256 degrees).

The median undergraduate tuition at Franklin University is $12,216, which is $-1,784 less than the national average for Special Focus Institutions ($14,000).

Special Focus Four-Year: Business & Management Schools Special Focus Institutions

Costs

The median undergraduate tuition at Franklin University is $12,216, which is $-1,784 less than the national average for Special Focus Institutions ($14,000).

After taking grants and loans into account, the average net price for students is $24,779.

In 2017, 45% of undergraduate students received federal grants, while 60% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$12,216

2017 Undergraduate Tuition

In 2017, the cost of tuition at Franklin University was $12,216. The cost of tuition at Franklin University is $-1,784 less than than the overall (public and private) national average for Special Focus Institutions ($14,000).

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

Average Net Price

$24,779

2017 Value

10%

1 Year Growth

In 2017 Franklin University had an average net price — the price paid after factoring in grants and loans — of $24,779. Between 2016 and 2017, the average net price of Franklin University grew by 10%.

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.

Other Student Expenses

$14,166

Room and Board

$1,080

Books and Supplies

The average yearly cost of room and board at Franklin University was of $14,166 in 2017. During the same period, the average yearly cost of books and supplies was $1,080. The cost of room and board increased by 1.34% 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 University (in red) with that of similar universities.

Financial Aid

Financial Aid by Income Level

45%

Of Undergraduates Receive Grants

60%

Of Undergraduates Receive Federal Loans

45% of undergraduate students at Franklin University received grants or loans in 2017. This represents a decline of 6.25% with respect to 2016, when 48% 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.

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.

8.26%

2016 Default Rate

226

Number of Defaults

In 2016 the default rate for borrower's at Franklin University was 8.26%, which represents 226 out of the 2736 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.

Enrollment

Franklin University has a total enrollment of 4,753 students. The full-time enrollment at Franklin University is 2,003 students and the part-time enrollment is 2,750. This means that 42.1% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 57.8% White, 18.3% Black or African American, 4.12% Two or More Races, 2.5% Asian, 2.36% Hispanic or Latino, 0.652% American Indian or Alaska Native, and 0.0631% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are majority White Female (33%), followed by White Male (28.7%) and Black or African American Female (9.21%). Students enrolled in full-time Graduate programs are majority White Female (26.2%), followed by Black or African American Female (14.8%) and White Male (14%).

Full-Time vs Part-Time Enrollment

42.1%

Full-Time Enrollment

The total enrollment at Franklin University, both undergraduate and graduate, is 4,753 students. The full-time enrollment at Franklin University is 2,003 and the part-time enrollment is 2,750. This means that 42.1% of students enrolled at Franklin University are enrolled full-time compared with 71.1% 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.

Retention Rate over Time

20%

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 University was 20%. Compared with the full-time retention rate at similar Special Focus Institutions (71%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
2,748
Black or African American
870
Two or More Races
196

The enrolled student population at Franklin University is 57.8% White, 18.3% Black or African American, 4.12% Two or More Races, 2.5% Asian, 2.36% Hispanic or Latino, 0.652% American Indian or Alaska Native, and 0.0631% 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 44.7% White, 15.6% Hispanic or Latino, and 15.5% 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, 571 students (12%) did not report their race.

Graduates

In 2017, 210 more women than men received degrees from Franklin University. The majority of degree recipients at Franklin University are white (1,047 degrees awarded). There were 4.09 times more white graduates than the next closest race/ethnicity group, black or african american (256 degrees).

The most common Bachelor's Degree concentration at Franklin University is General Business Administration & Management (286 degrees awarded), followed by Accounting (174 degrees) and Health Care Administration & Management (87 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 (1,177 degrees awarded), Computer and Information Sciences and Support Services (94 degrees), and Psychology (62 degrees).

Workforce

Common Jobs by Major

Accountants & auditors

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 (1,127,561 people), Other managers (783,232 people), Software developers (521,155 people), Financial managers (454,225 people), and Elementary & middle school teachers (372,635 people).

The most specialized majors at Franklin University are Business (1,177 degrees awarded), Computer and Information Sciences and Support Services (94 degrees), Psychology (62 degrees), Protective Services (41 degrees), and Public Administration and Social Service (24 degrees).

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 University are Surgeons, Magnetic resonance imaging technologists, Physicians, Nurse anesthetists, and Diagnostic medical sonographers

Common Industries by Major

Computer Systems Design

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 (898,895 people), Elementary & secondary schools (886,499 people), Banking & related activities (579,868 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (558,986 people), and Colleges, universities & professional schools, including junior colleges (552,262 people).

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

General Business Administration & Management
286 degree-majorss awarded
Accounting
174 degree-majorss awarded
Health Care Administration & Management
87 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Franklin University was General Business Administration & Management with 286 degree-majorss awarded.

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

Gender Breakdown for Common Majors

Degrees Awarded to Men

In 2017, 728 degrees were awarded to men at Franklin University, which is 0.776 times less than the number of degrees awarded to females (938).

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

Most Common Male Majors

In 2017, 304 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.987 times less than the 308 female recipients with that same degree.

Most Common Female Majors

In 2017, 308 degrees were awarded to women at Franklin University in General Business Administration & Management, which is 1.01 times more than the 304 male recipients with that same degree.

Time to Complete

100% Completion Time

150% Completion Time

In 2017, 0% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 5% completed their degrees within 150% of the normal time, and 8% 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.

Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (16.7%)

The student demographic with the highest graduation rate at Franklin University is Female and White (16.7% graduation rate). Across all Special Focus Institutions, 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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
1,047 degrees awarded
Black or African American
256 degrees awarded
Two or More Races
63 degrees awarded

The most common race/ethnicity at Franklin University is white (1,047 degrees awarded). There were 4.09 times more white recipients than the next closest race/ethnicity group, black or african american (256 degrees).

1.2% of degree recipients (20 students) did not report their race.

Race & Ethnicity by Gender

Most Common Gender Demographic

White Female
583 degrees awarded
White Male
464 degrees awarded
Black or African American Female
155 degrees awarded

The most common race/ethnicity and gender grouping at Franklin University is white female (583 degrees awarded). There were 1.26 times more white female recipients than the next closest race/ethnicity group, white male (464 degrees).

Operations

Franklin University has an endowment valued at nearly $6.38M, as of the end of the 2017 fiscal year. The return on its endowment was of $7.94M (124%), compared to the 2.38% average return ($240k on $10.1M) across all Special Focus Institutions.

In 2017, Franklin University had a total salary expenditure of $54.3M. Franklin University employs 54 No academic ranks, 0 N/A, and 0 N/A. Most academics at Franklin University are Male No academic ranks (32), Female No academic ranks(22), and N/A (0).

The most common positions for non-instructional staff at Franklin University are: Management, with 71 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 69 employees, and Computer, Engineering, and Science with 36 employees.

Finances

Endowment

$6.38M

2017 Endowment

12.3%

growth from 2016

Franklin University has an endowment valued at about $6.38M, as of the end of the 2017 fiscal year. The endowment of Franklin University grew 12.3% from the previous year. The value of their endowment was $3.72M 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.

Government Grants and Contracts

Grants & Contracts

$482k - Federal
$0 - State
$0 - Local

As of 2017, Franklin University received $482k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

Expenses

Salary Expenditure

$30.3M

2017 Salaries

9.94%

decline from 2016

In 2017, Franklin University paid a median of $30.3M in salaries, which represents 55.7% of their overall expenditure ($54.3M) and a 9.94% decline from the previous year. This is compared to a 9.2% growth from 2015 and a 11.9% decline from 2014.

The median for similar Special Focus Institutions is 2.59M (39.4% of overall expenditures).

Instructional Salaries

$5.7M

Instructional Salaries

Number of Employees

In 2017, Franklin University paid a total of $5.7M to 54 employees working as instructors, which represents 18.8% of all salaries paid.

This is compared to a median of $727k (28.1%) for similar Special Focus Institutions.

Faculty and Staff

Occupations by Share

No academic rank

Most Common Instructor

54 Employees

Management

Most Common Non-Instructional Employee

71 Employees

In 2017, the most common positions for instructional staff at Franklin University were No academic rank with 54 employees; false with 0 employees; and false with 0 employees.

In 2017, the most common positions for non-instructional staff at Franklin University were Management with 71 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 69 employees; and Computer, Engineering, and Science with 36 employees.

Instructors by Academic Rank and Gender

Most Common Demographic

Male No academic rank
Female No academic rank
false

In 2017, the most common demographic for instructional staff at Franklin University was Male No academic rank with 32 employees, Female No academic rank with 22 employees, and false with 0 employees.

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

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