Franklin University

www.franklin.edu

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2020 Undergraduate Tuition

$9,552

0% growth from 2019

2020 Average Net Price

$7,658

After Financial Aid

2018 Student Loan

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).

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

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 received federal grants, while 48% of undergraduate students received federal 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.

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.

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.

Financial Aid

Financial Aid by Income Level

41%

Of Undergraduates Receive Grants

48%

Of Undergraduates Receive Federal Loans

41% of undergraduate students at Franklin University received 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.

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.

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.

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.

Retention Rate over Time

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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
3,016
Black or African American
963
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.

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

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 (1,018,250 people), Other managers (876,280 people), Software developers (641,772 people), Financial managers (525,637 people), and Chief executives & legislators (422,273 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).

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, Computer hardware engineers, Physicians, Public relations specialists, and Architectural & engineering managers

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 (1,029,407 people), Elementary & secondary schools (895,220 people), Colleges, universities & professional schools, including junior colleges (584,649 people), Justice, public order, & safety activities (571,255 people), and Banking & related activities (569,111 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
252 degree-majorss awarded
Accounting
148 degree-majorss awarded
General Human Resources Management & Personnel Administration
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.

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.

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.

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.

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.

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
893 degrees awarded
Unknown
444 degrees awarded
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.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
536 degrees awarded
White Male
357 degrees awarded
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).

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.

Government Grants and Contracts

Grants & Contracts

$7.57M - Federal
$0 - State
$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.

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).

Instructional Salaries

$7.29M

Instructional Salaries

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.

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.

Instructors by Academic Rank and Sex

Most Common Demographic

Male No academic rank
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.

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