Franklin University

www.franklin.edu/

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2021 Undergraduate Tuition

$9,552

2019 Student Loan

1.49%

Default Rate

2021 Enrolled Students

6,815

38% Full-Time

2021 Graduation Rate

25.4%

29 Graduates

About

Franklin University is a higher education institution located in Franklin County, OH. In 2021, the most popular Masters Degree concentrations at Franklin University were General Business Administration & Management (322 degrees awarded), Health Care Administration & Management (68 degrees), and Industrial & Organizational Psychology (56 degrees).

In 2021, 1,846 degrees were awarded across all undergraduate and graduate programs at Franklin University. 56.6% of these degrees were awarded to women, and 43.4% awarded men. The most common race/ethnicity group of degree recipients was white (890 degrees), 3.18 times more than then the next closest race/ethnicity group, black or african american (280 degrees).

The median undergraduate tuition at Franklin University is $9,552, which is $−4,948 less than the national average for Special Focus Institutions ($14,500).

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

Costs

In 2021, the median undergraduate tuition at Franklin University is $9,552, which is $−4,948 less than the national average for Special Focus Institutions ($14,500).

In 2021, 39% of undergraduate students attending Franklin University received financial aid through grants. Comparatively, 51% of undergraduate students received financial aid through loans.

Tuition Costs

$9,552

2021 Undergraduate Tuition

In 2021, the cost of tuition at Franklin University was $9,552. The cost of tuition at Franklin University is $−4,948 less than than the overall (public and private) national average for Special Focus Institutions ($14,500).

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

Average Net Price

100%

1 Year Growth

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

$13,932

Room and Board

$540

Books and Supplies

The average yearly cost of room and board at Franklin University was of $13,932 in 2021. The cost of room and board decreased by 6.58% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $540. The cost of books and supplies decreased by 50% during the same period.

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

Financial Aid by Income Level

39%

Undergraduates Receiving Financial Aid through Grants

51%

Undergraduates Receiving Financial Aid through Loans

39% of undergraduate students at Franklin University received financial aid through grants or loans in 2021. This represents a decline of 4.88% with respect to 2020, when 41% 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.

1.49%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Franklin University was 1.49%, which represents 30 out of the 2013 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 had a total enrollment of 6,815 students in 2021. The full-time enrollment at Franklin University is 2,590 students and the part-time enrollment is 4,225. This means that 38% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 54.1% White, 17.3% Black or African American, 5.44% Hispanic or Latino, 2.99% Two or More Races, 2.79% Asian, 0.851% American Indian or Alaska Native, and 0.117% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are most commonly White Female (34.4%), followed by White Male (23.1%) and Black or African American Female (10%). Students enrolled in full-time Graduate programs are most commonly White Female (27.4%), followed by Black or African American Female (13.4%) and White Male (11.8%).

Full-Time vs Part-Time Enrollment

38%

Full-Time Enrollment

The total enrollment at Franklin University in 2021, both undergraduate and graduate, is 6,815 students. The full-time enrollment at Franklin University is 2,590 and the part-time enrollment is 4,225. This means that 38% of students enrolled at Franklin University are enrolled full-time compared with 69.7% 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

100%

2021 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 100%. Compared with the full-time retention rate at similar Special Focus Institutions (69%), Franklin University had a retention rate higher 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 (2021)

White
3,684 enrolled students
Black or African American
1,182 enrolled students
Hispanic or Latino
371 enrolled students

The enrolled student population at Franklin University is 54.1% White, 17.3% Black or African American, 5.44% Hispanic or Latino, 2.99% Two or More Races, 2.79% Asian, 0.851% American Indian or Alaska Native, and 0.117% 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 43.6% White, 18.4% Hispanic or Latino, and 14% 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, 1,051 students (15.4%) did not report their race.

Graduates

In 2021, 242 more women than men received degrees from Franklin University. The most common race/ethnicity group of degree recipients at Franklin University is white (890 degrees awarded). There were 3.18 times more white recipients than the next closest race/ethnicity group, black or african american (280 degrees).

The most common Masters Degree concentration at Franklin University is General Business Administration & Management (322 degrees awarded), followed by Health Care Administration & Management (68 degrees) and Industrial & Organizational Psychology (56 degrees).

In 2021, 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 (1,209 degrees awarded), Protective Services (71 degrees), and Psychology (95 degrees).

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 (1,068,011 people), Other managers (855,732 people), Software developers (610,261 people), Financial managers (501,122 people), and Chief executives & legislators (415,473 people).

The most specialized majors at Franklin University in 2021 are Business (1,209 degrees awarded), Protective Services (71 degrees), Psychology (95 degrees), Computer and Information Sciences and Support Services (106 degrees), and Public Administration and Social Service (41 degrees) (as of 2021).

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, Physicians, Aircraft pilots & flight engineers, Cardiovascular technologists and technicians, and Architectural & engineering managers

The most specialized majors at Franklin University are Business (1,209 degrees awarded), Protective Services (71 degrees), Psychology (95 degrees), Computer and Information Sciences and Support Services (106 degrees), and Public Administration and Social Service (41 degrees) (as of 2021).

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 (1,021,572 people), Elementary & secondary schools (917,288 people), Colleges, universities & professional schools, including junior colleges (576,793 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (571,459 people), and Banking & related activities (566,627 people).

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 (2021)

General Business Administration & Management
296 degree-majors awarded
Accounting
112 degree-majors awarded
General Human Resources Management & Personnel Administration
78 degree-majors awarded

In 2021, the most common bachelors degree concentration at Franklin University was General Business Administration & Management with 296 degrees awarded.

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

Sex Breakdown for Common Majors

802

Degrees Awarded to Men

in 2021

1,044

Degrees Awarded to Women

in 2021

In 2021, 802 degrees were awarded to men at Franklin University, which is 0.768 times less than the number of degrees awarded to females (1,044).

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

Most Common Male Majors

In 2021, 373 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 1.11 times more than the 337 female recipients with that same degree.

Most Common Female Majors

In 2021, 337 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.903 times less than the 373 male recipients with that same degree.

Time to Complete

22%

100% Completion Time

28%

150% Completion Time

In 2021, 22% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 28% completed their degrees within 150% of the normal time, and 28% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Hispanic or Latino Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Franklin University is Female and Hispanic or Latino (100% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (72.9%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
890 degrees awarded
Black or African American
280 degrees awarded
Asian
55 degrees awarded

The most common race/ethnicity at Franklin University is white (890 degrees awarded). There were 3.18 times more white recipients than the next closest race/ethnicity group, black or african american (280 degrees).

26.4% of degree recipients (487 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
517 degrees awarded
White Male
373 degrees awarded
Black or African American Female
167 degrees awarded

The most common race/ethnicity and sex grouping at Franklin University is white female (517 degrees awarded). There were 1.39 times more white female recipients than the next closest race/ethnicity group, white male (373 degrees).

Operations

Franklin University has an endowment valued at nearly $9.96M, as of the end of the 2021 fiscal year. The return on its endowment was of 22.4M (225%) compared to the 4.56% average return (574k on 12.6M) across all Special Focus Institutions.

In 2021, Franklin University had a total salary expenditure of 70.6M. Franklin University employs 63 No academic ranks. Most academics at Franklin University are Male No academic rank (32), and Female No academic rank (31).

The most common positions for non-instructional staff at Franklin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 75 employees, Management, with 55 employees, and Business and Financial Operations with 52 employees.

Endowment

$9.96M

2021 Endowment

20.1%

growth from 2020

Franklin University has an endowment valued at about $9.96M, as of the end of the 2021 fiscal year. The endowment of Franklin University grew 20.1% from the previous year. The value of their endowment was $2.65M 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.

Salary Expenditure

$37M

2021 Salaries

16.7%

decline from 2020

In 2021, Franklin University paid a median of $37M in salaries, which represents 52.3% of their overall expenditure ($70.6M) and a 16.7% decline from the previous year.

The median for similar Special Focus Institutions is 3.06M (42.8% of overall expenditures).

Instructional Salaries

$7.28M

Instructional Salaries

Number of Employees

In 2021, Franklin University paid a total of $7.28M to 63 employees working as instructors, which represents 19.7% of all salaries paid.

This is compared to a median of $871k (28.4%) for similar Special Focus Institutions.

Occupations by Share

No academic rank

Most Common Instructor

63 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

75 Employees

In 2021, the most common positions for instructional staff at Franklin University was No academic rank with 63 employees.

In 2021, the most common positions for non-instructional staff at Franklin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 75 employees, Management with 55 employees, and Business and Financial Operations with 52 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male No academic rank
Female No academic rank

In 2021, the most common demographic for instructional staff at Franklin University was Male No academic rank with 32 employees, and Female No academic rank with 31 employees.

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