Franklin and Marshall College

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2022 Undergraduate Tuition
$65,652
3.85% growth from 2021
2022 Average Net Price
$31,135
After Financial Aid
2019 Default Rate
1.13%
on Student Loans
2022 Acceptance Rate
36.2%
8,923 Applicants
2022 Enrolled Students
1,990
99.7% Full-Time
2022 Graduation Rate
85.6%
547 Graduates

About

Franklin and Marshall College is a higher education institution located in Lancaster County, PA. In 2022, the most popular Bachelors Degree concentrations at Franklin and Marshall College were Other Multidisciplinary Studies (82 degrees awarded), General Business Administration & Management (60 degrees), and General Political Science & Government (55 degrees).

In 2022, 646 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 57.4% of these degrees were awarded to women, and 42.6% awarded men. The most common race/ethnicity group of degree recipients was white (361 degrees), 7.08 times more than then the next closest race/ethnicity group, hispanic or latino (51 degrees).

The median undergraduate tuition at Franklin and Marshall College is $65,652, which is $37,322 more than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at Franklin and Marshall College is $65,652, which is $37,322 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $31,135.

In 2022, 62% of undergraduate students attending Franklin and Marshall College received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Tuition Costs

$65,652
2022 Undergraduate Tuition

In 2022, the cost of tuition at Franklin and Marshall College was $65,652. The cost of tuition at Franklin and Marshall College is $37,322 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

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Average Net Price

$31,135
2022 Value
18.3%
1 Year Growth

In 2022 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $31,135. Between 2021 and 2022, the average net price of Franklin and Marshall College grew by 18.3%.

This chart compares the average net price of Franklin and Marshall 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

$14,740
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $14,740 in 2022. The cost of room and board increased by 2.01% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

62%
Undergraduates Receiving Financial Aid through Grants
46%
Undergraduates Receiving Financial Aid through Loans

62% of undergraduate students at Franklin and Marshall College received financial aid through grants or loans in 2022. This represents a decline of 4.62% with respect to 2021, when 65% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin and Marshall 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.
1.13%
2019 Default Rate
4
Number of Defaults

In 2019 the default rate for borrower's at Franklin and Marshall College was 1.13%, which represents 4 out of the 354 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 and Marshall College received 8,923 undergraduate applications in 2022, which represents a 15.6% annual growth. Out of those 8,923 applicants, 3,233 students were accepted for enrollment, representing a 36.2% acceptance rate.

There were 1,990 students enrolled at Franklin and Marshall College in 2022. 28% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 15.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

36.2%
Acceptance Rate in 2022
3,233
Accepted Out of 8,923

In 2022, the undergraduate acceptance rate of Franklin and Marshall College was 36.2% (3,233 admissions from 8,923 applications). This is lower than the acceptance rate of 2021, which was 37.5%. Between 2021 and 2022, the number of applicants grew by 15.6%, while admissions grew by 11.6%..

This chart compares the acceptance rate of Franklin and Marshall College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

28%
Submission Percentage (2022)
135
Scores Submitted (2022)

28% of enrolled first-time students at Franklin and Marshall College in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Franklin and Marshall College had a total enrollment of 1,990 students in 2022. The full-time enrollment at Franklin and Marshall College is 1,984 students and the part-time enrollment is 6. This means that 99.7% of students enrolled at Franklin and Marshall College are enrolled full-time.

The enrolled student population at Franklin and Marshall College, both undergraduate and graduate, is 56.3% White, 10.3% Hispanic or Latino, 5.48% Black or African American, 4.42% Asian, 3.47% Two or More Races, and 0.151% American Indian or Alaska Native.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are most commonly White Female (30.2%), followed by White Male (26.1%) and Hispanic or Latino Female (6.15%).

Full-Time vs Part-Time Enrollment

99.7%
Full-Time Enrollment

The total enrollment at Franklin and Marshall College in 2022, both undergraduate and graduate, is 1,990 students. The full-time enrollment at Franklin and Marshall College is 1,984 and the part-time enrollment is 6. This means that 99.7% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

88%
2022 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 and Marshall College was 88%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Franklin and Marshall College had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    1,120 enrolled students
  2. Hispanic or Latino
    205 enrolled students
  3. Black or African American
    109 enrolled students

The enrolled student population at Franklin and Marshall College is 56.3% White, 10.3% Hispanic or Latino, 5.48% Black or African American, 4.42% Asian, 3.47% Two or More Races, and 0.151% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.3% White, 13.8% Hispanic or Latino, and 13.1% 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, 19 students (0.955%) did not report their race.

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Graduates

In 2022, 96 more women than men received degrees from Franklin and Marshall College. The most common race/ethnicity group of degree recipients at Franklin and Marshall College is white (361 degrees awarded). There were 7.08 times more white recipients than the next closest race/ethnicity group, hispanic or latino (51 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is Other Multidisciplinary Studies (82 degrees awarded), followed by General Business Administration & Management (60 degrees) and General Political Science & Government (55 degrees).

In 2022,  the most specialized majors across all degree types at Franklin and Marshall College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Interdisciplinary Studies (126 degrees awarded), Social Sciences (136 degrees), and Physical Sciences (32 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Lawyers, & judges, magistrates, & other judicial workers (436,168 people), Other managers (365,618 people), Postsecondary teachers (251,254 people), Elementary & middle school teachers (244,788 people), and Secondary school teachers (173,917 people).

The most specialized majors at Franklin and Marshall College in 2022 are Interdisciplinary Studies (126 degrees awarded), Social Sciences (136 degrees), Physical Sciences (32 degrees), Math & Statistics (29 degrees), and History (17 degrees) (as of 2022).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Franklin and Marshall College are Interdisciplinary Studies (126 degrees awarded), Social Sciences (136 degrees), Physical Sciences (32 degrees), Math & Statistics (29 degrees), and History (17 degrees) (as of 2022).

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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 and Marshall College are Elementary & secondary schools (611,543 people), Colleges, universities & professional schools, including junior colleges (505,219 people), Legal services (345,273 people), Computer Systems Design (333,187 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (288,545 people).

The most specialized majors at Franklin and Marshall College are Interdisciplinary Studies (126 degrees awarded), Social Sciences (136 degrees), Physical Sciences (32 degrees), Math & Statistics (29 degrees), and History (17 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Franklin and Marshall College.

In 2022, the most common bachelors degree concentration at Franklin and Marshall College was Other Multidisciplinary Studies with 82 degrees awarded.

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

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Sex Breakdown for Common Majors

275
Degrees Awarded to Men
in 2022
371
Degrees Awarded to Women
in 2022

In 2022, 275 degrees were awarded to men at Franklin and Marshall College, which is 0.741 times less than the number of degrees awarded to females (371).

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

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Most Common Male Majors

In 2022, 39 degrees were awarded to men at Franklin and Marshall College in Other Multidisciplinary Studies, which is 0.907 times less than the 43 female recipients with that same degree.

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Most Common Female Majors

In 2022, 43 degrees were awarded to men at Franklin and Marshall College in Other Multidisciplinary Studies, which is 1.1 times more than the 39 male recipients with that same degree.

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Time to Complete

81%
100% Completion Time
85%
150% Completion Time

In 2022, 81% of students graduating from Franklin and Marshall College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 85% completed their degrees within 150% of the normal time, and 86% 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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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 in 2022 at Franklin and Marshall College is Male and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 9.51% of graduates (52 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    361 degrees awarded
  2. Hispanic or Latino
    51 degrees awarded
  3. Black or African American
    35 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (361 degrees awarded). There were 7.08 times more white recipients than the next closest race/ethnicity group, hispanic or latino (51 degrees).

1.86% of degree recipients (12 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    193 degrees awarded
  2. White Male
    168 degrees awarded
  3. Hispanic or Latino Female
    35 degrees awarded

The most common race/ethnicity and sex grouping at Franklin and Marshall College is white female (193 degrees awarded). There were 1.15 times more white female recipients than the next closest race/ethnicity group, white male (168 degrees).

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Operations

Franklin and Marshall College has an endowment valued at nearly $426M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−14.5%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Franklin and Marshall College had a total salary expenditure of 129M. Franklin and Marshall College employs 81 Professors, 70 Associate professors and 34 Assistant professors. Most academics at Franklin and Marshall College are Male Professor (49), Male Associate professor (36), and Female Associate professor (34).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 104 employees, Service, with 77 employees, and Office and Administrative Support with 70 employees.

Endowment

$426M
2022 Endowment
15.1%
decline from 2021

Franklin and Marshall College has an endowment valued at about $426M, as of the end of the 2022 fiscal year. The endowment of Franklin and Marshall College declined 15.1% from the previous year. The value of their endowment was $377M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin and Marshall 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. $5.67M - Federal
  2. $42.2k - State
  3. $233k - Local

As of 2022, Franklin and Marshall College received $5.67M in grants and contracts from the federal government, $42.2k from state grants and contracts, and $233k from local grants and contracts.

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Salary Expenditure

$54.9M
2022 Salaries
3.51%
decline from 2021

In 2022, Franklin and Marshall College paid a median of $54.9M in salaries, which represents 42.7% of their overall expenditure ($129M) and a 3.51% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

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Instructional Salaries

$20.2M
Instructional Salaries
208
Number of Employees

In 2022, Franklin and Marshall College paid a total of $20.2M to 208 employees working as instructors, which represents 36.7% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

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Occupations by Share

Professor
Most Common Instructor
81 Employees
Business and Financial Operations
Most Common Non-Instructional Employee
104 Employees

In 2022, the most common positions for instructional staff at Franklin and Marshall College were Professor with 81 employees, Associate professor with 70 employees, and Assistant professor with 34 employees.

In 2022, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 104 employees, Service with 77 employees, and Office and Administrative Support with 70 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Male Associate professor
  3. Female Associate professor

In 2022, the most common demographic for instructional staff at Franklin and Marshall College was Male Professor with 49 employees, Male Associate professor with 36 employees, and Female Associate professor with 34 employees.

This chart shows the sex split between each academic rank present at Franklin and Marshall College.

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