Franklin College

www.franklincollege.edu

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2022 Undergraduate Tuition

$35,636

2.5% growth from 2021

2022 Average Net Price

$20,791

After Financial Aid

2019 Default Rate

1.88%

on Student Loans

2022 Acceptance Rate

92.9%

1,737 Applicants

2022 Enrolled Students

959

94.6% Full-Time

2022 Graduation Rate

63%

148 Graduates

About

Franklin College is a higher education institution located in Johnson County, IN. In 2022, the most popular Masters Degree concentrations at Franklin College were Physician Assistant (24 degrees awarded) and Athletic Trainer (7 degrees).

In 2022, 229 degrees were awarded across all undergraduate and graduate programs at Franklin College. 53.7% of these degrees were awarded to women, and 46.3% awarded men. The most common race/ethnicity group of degree recipients was white (207 degrees), 23 times more than then the next closest race/ethnicity group, hispanic or latino (9 degrees).

The median undergraduate tuition at Franklin College is $35,636, which is $7,306 more than the national average for Baccalaureate Colleges ($28,330).

In 2019 the default rate for borrower's at Franklin College was 1.88%, corresponding to 6 out of the 319 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Franklin College is $35,636, which is $7,306 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $20,791.

In 2022, 98% of undergraduate students attending Franklin College received financial aid through grants. Comparatively, 68% of undergraduate students received financial aid through loans.

Tuition Costs

$35,636

2022 Undergraduate Tuition

In 2022, the cost of tuition at Franklin College was $35,636. The cost of tuition at Franklin College is $7,306 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$20,791

2022 Value

5.19%

1 Year Growth

In 2022 Franklin College had an average net price — the price paid after factoring in grants and loans — of $20,791. Between 2021 and 2022, the average net price of Franklin College grew by 5.19%.

This chart compares the average net price of Franklin 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.

Other Student Expenses

$10,030

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin College was of $10,030 in 2022. The cost of room and board increased by 1.59% 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.

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

Financial Aid by Income Level

98%

Undergraduates Receiving Financial Aid through Grants

68%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Franklin College received financial aid through grants or loans in 2022. This represents a decline of 2% with respect to 2021, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin 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.

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.

1.88%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Franklin College was 1.88%, which represents 6 out of the 319 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.

Admissions

Franklin College received 1,737 undergraduate applications in 2022, which represents a 9.31% annual growth. Out of those 1,737 applicants, 1,613 students were accepted for enrollment, representing a 92.9% acceptance rate.

There were 959 students enrolled at Franklin College in 2022. 46% of first-time enrollees submitted SAT scores with their applications.

Franklin College has an overall enrollment yield of 15.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

92.9%

Acceptance Rate in 2022

1,613

Accepted Out of 1,737

In 2022, the undergraduate acceptance rate of Franklin College was 92.9% (1,613 admissions from 1,737 applications). This is lower than the acceptance rate of 2021, which was 94.7%. Between 2021 and 2022, the number of applicants grew by 9.31%, while admissions grew by 7.25%.

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

SAT Scores

46%

Submission Percentage (2022)

113

Scores Submitted (2022)

46% of enrolled first-time students at Franklin 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.

Enrollment

Franklin College had a total enrollment of 959 students in 2022. The full-time enrollment at Franklin College is 907 students and the part-time enrollment is 52. This means that 94.6% of students enrolled at Franklin College are enrolled full-time.

The enrolled student population at Franklin College, both undergraduate and graduate, is 80.7% White, 5.63% Black or African American, 5.53% Hispanic or Latino, 4.38% Two or More Races, 1.77% Asian, and 0.104% American Indian or Alaska Native.

Students enrolled at Franklin College in full-time Undergraduate programs are most commonly White Male (41.2%), followed by White Female (39.6%) and Black or African American Male (4.35%). Students enrolled in full-time Graduate programs are most commonly White Female (63.2%), followed by White Male (17.5%) and Black or African American Female (8.77%).

Full-Time vs Part-Time Enrollment

94.6%

Full-Time Enrollment

The total enrollment at Franklin College in 2022, both undergraduate and graduate, is 959 students. The full-time enrollment at Franklin College is 907 and the part-time enrollment is 52. This means that 94.6% of students enrolled at Franklin College are enrolled full-time compared with N/A% at similar Baccalaureate Colleges.

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

Retention Rate over Time

72%

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 College was 72%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Franklin College had a retention rate approximately the same as its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
774 enrolled students
Black or African American
54 enrolled students
Hispanic or Latino
53 enrolled students

The enrolled student population at Franklin College is 80.7% White, 5.63% Black or African American, 5.53% Hispanic or Latino, 4.38% Two or More Races, 1.77% Asian, and 0.104% 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, 11 students (1.15%) did not report their race.

Graduates

In 2022, 17 more women than men received degrees from Franklin College. The most common race/ethnicity group of degree recipients at Franklin College is white (207 degrees awarded). There were 23 times more white recipients than the next closest race/ethnicity group, hispanic or latino (9 degrees).

The most common Masters Degree concentration at Franklin College is Physician Assistant (24 degrees awarded), followed by Athletic Trainer (7 degrees).

In 2022, the most specialized majors across all degree types at Franklin College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (12 degrees awarded), Parks, Recreation, & Leisure (21 degrees), and Language & Linguistics (8 degrees).

Common Jobs by Major

Postsecondary teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin College are Postsecondary teachers (157,186 people), Lawyers, & judges, magistrates, & other judicial workers (155,062 people), Other managers (152,481 people), Elementary & middle school teachers (142,904 people), and Secondary school teachers (118,031 people).

The most specialized majors at Franklin College in 2022 are History (12 degrees awarded), Parks, Recreation, & Leisure (21 degrees), Language & Linguistics (8 degrees), Philosophy and Religious Studies (3 degrees), and Physical Sciences (7 degrees) (as of 2022).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin College are Diagnostic medical sonographers, Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at Franklin College are History (12 degrees awarded), Parks, Recreation, & Leisure (21 degrees), Language & Linguistics (8 degrees), Philosophy and Religious Studies (3 degrees), and Physical Sciences (7 degrees) (as of 2022).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin College are Elementary & secondary schools (360,223 people), Colleges, universities & professional schools, including junior colleges (311,083 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (174,272 people), Computer Systems Design (125,258 people), and Legal services (120,586 people).

Majors Awarded

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

Most Common (2022)

Kinesiology & Exercise Science
21 degrees awarded
General Psychology
16 degrees awarded
General Business Administration & Management
16 degrees awarded

In 2022, the most common bachelors degree concentration at Franklin College was Kinesiology & Exercise Science with 21 degrees awarded.

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

Sex Breakdown for Common Majors

106

Degrees Awarded to Men

in 2022

123

Degrees Awarded to Women

in 2022

In 2022, 106 degrees were awarded to men at Franklin College, which is 0.862 times less than the number of degrees awarded to females (123).

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

Most Common Male Majors

In 2022, 14 degrees were awarded to men at Franklin College in General Business Administration & Management, which is 7 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2022, 17 degrees were awarded to men at Franklin College in Physician Assistant, which is 2.43 times more than the 7 male recipients with that same degree.

Time to Complete

58%

100% Completion Time

63%

150% Completion Time

In 2022, 58% of students graduating from Franklin College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 63% completed their degrees within 150% of the normal time, and 64% 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.

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 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, 1.35% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
207 degrees awarded
Hispanic or Latino
9 degrees awarded
Two or More Races
5 degrees awarded

The most common race/ethnicity at Franklin College is white (207 degrees awarded). There were 23 times more white recipients than the next closest race/ethnicity group, hispanic or latino (9 degrees).

0.437% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
110 degrees awarded
White Male
97 degrees awarded
Hispanic or Latino Female
6 degrees awarded

The most common race/ethnicity and sex grouping at Franklin College is white female (110 degrees awarded). There were 1.13 times more white female recipients than the next closest race/ethnicity group, white male (97 degrees).

Operations

Franklin College has an endowment valued at nearly $87M, as of the end of the 2022 fiscal year. The return on its endowment was of −11.1M (−12.7%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Franklin College had a total salary expenditure of 32.2M. Franklin College employs 26 Assistant professors, 20 Professors and 14 Associate professors. Most academics at Franklin College are Female Assistant professor (18), Male Professor (14), and Male Assistant professor (8).

The most common positions for non-instructional staff at Franklin College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 28 employees, Office and Administrative Support, with 27 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 26 employees.

Endowment

$87M

2022 Endowment

16%

decline from 2021

This line chart shows how the endowment at Franklin 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.

Salary Expenditure

$12.6M

2022 Salaries

2.26%

growth from 2021

In 2022, Franklin College paid a median of $12.6M in salaries, which represents 39.1% of their overall expenditure ($32.2M) and a 2.26% growth from the previous year. This is compared to a 5.31% decline between 2020 and 2021, and a 1.68% growth between 2019 and 2020.

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

Instructional Salaries

$4.61M

Instructional Salaries

Number of Employees

In 2022, Franklin College paid a total of $4.61M to 73 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.

Occupations by Share

Assistant professor

Most Common Instructor

26 Employees

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

Most Common Non-Instructional Employee

28 Employees

In 2022, the most common positions for instructional staff at Franklin College were Assistant professor with 26 employees, Professor with 20 employees, and Associate professor with 14 employees.

In 2022, the most common positions for non-instructional staff at Franklin College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 28 employees, Office and Administrative Support with 27 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 26 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female Assistant professor
Male Professor
Male Assistant professor

In 2022, the most common demographic for instructional staff at Franklin College was Female Assistant professor with 18 employees, Male Professor with 14 employees, and Male Assistant professor with 8 employees.

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

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