Franklin College

www.franklincollege.edu/

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2021 Undergraduate Tuition

$34,766

3% growth from 2020

2021 Average Net Price

$21,929

After Financial Aid

2019 Student Loan

1.88%

Default Rate

2021 Acceptance Rate

94.7%

1,589 Applicants

2021 Enrolled Students

962

96.5% Full-Time

2021 Graduation Rate

61.2%

177 Graduates

About

Franklin College is a higher education institution located in Johnson County, IN. In 2021, the most popular Bachelors Degree concentrations at Franklin College were Kinesiology & Exercise Science (26 degrees awarded), General Biological Sciences (15 degrees), and General Psychology (15 degrees).

In 2021, 252 degrees were awarded across all undergraduate and graduate programs at Franklin College. 61.1% of these degrees were awarded to women, and 38.9% awarded men. The most common race/ethnicity group of degree recipients was white (224 degrees), 20.4 times more than then the next closest race/ethnicity group, black or african american (11 degrees).

The median undergraduate tuition at Franklin College is $34,766, which is $6,261 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Franklin College is $34,766, which is $6,261 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $21,929.

In 2021, 100% of undergraduate students attending Franklin College received financial aid through grants. Comparatively, 71% of undergraduate students received financial aid through loans.

Tuition Costs

$34,766

2021 Undergraduate Tuition

In 2021, the cost of tuition at Franklin College was $34,766. The cost of tuition at Franklin College is $6,261 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$21,929

2021 Value

2.49%

1 Year Growth

In 2021 Franklin College had an average net price — the price paid after factoring in grants and loans — of $21,929. Between 2020 and 2021, the average net price of Franklin College grew by 2.49%.

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

$9,873

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin College was of $9,873 in 2021. The cost of room and board increased by 1.55% between 2020 and 2021.

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

100%

Undergraduates Receiving Financial Aid through Grants

71%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Franklin College received financial aid through grants or loans in 2021. This represents a growth of 2.04% with respect to 2020, when 98% 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 1,589 undergraduate applications in 2021, which represents a 23.3% annual growth. Out of those 1,589 applicants, 1,504 students were accepted for enrollment, representing a 94.7% acceptance rate.

There were 962 students enrolled at Franklin College in 2021. 51% of first-time enrollees submitted SAT scores with their applications.

Franklin College has an overall enrollment yield of 17%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

94.7%

Acceptance Rate in 2021

1,504

Accepted Out of 1,589

In 2021, the undergraduate acceptance rate of Franklin College was 94.7% (1,504 admissions from 1,589 applications). This is higher than the acceptance rate of 2020, which was 76.1%. Between 2020 and 2021, the number of applicants grew by 23.3%, while admissions declined by −4.63%..

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

51%

Submission Percentage (2021)

130

Scores Submitted (2021)

51% of enrolled first-time students at Franklin College in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Franklin College had a total enrollment of 962 students in 2021. The full-time enrollment at Franklin College is 928 students and the part-time enrollment is 34. This means that 96.5% of students enrolled at Franklin College are enrolled full-time.

The enrolled student population at Franklin College, both undergraduate and graduate, is 82.1% White, 5.3% Black or African American, 4.68% Hispanic or Latino, 4.16% Two or More Races, 1.66% Asian, and 0.104% American Indian or Alaska Native.

Students enrolled at Franklin College in full-time Undergraduate programs are most commonly White Male (44.4%), followed by White Female (38.4%) and Black or African American Male (3.58%). Students enrolled in full-time Graduate programs are most commonly White Female (59%), followed by White Male (21.3%) and Black or African American Female (6.56%).

Full-Time vs Part-Time Enrollment

96.5%

Full-Time Enrollment

The total enrollment at Franklin College in 2021, both undergraduate and graduate, is 962 students. The full-time enrollment at Franklin College is 928 and the part-time enrollment is 34. This means that 96.5% of students enrolled at Franklin College are enrolled full-time compared with 79.9% 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

74%

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 College was 74%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Franklin College had a retention rate higher than 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 (2021)

White
790 enrolled students
Black or African American
51 enrolled students
Hispanic or Latino
45 enrolled students

The enrolled student population at Franklin College is 82.1% White, 5.3% Black or African American, 4.68% Hispanic or Latino, 4.16% Two or More Races, 1.66% 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 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

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, 13 students (1.35%) did not report their race.

Graduates

In 2021, 56 more women than men received degrees from Franklin College. The most common race/ethnicity group of degree recipients at Franklin College is white (224 degrees awarded). There were 20.4 times more white recipients than the next closest race/ethnicity group, black or african american (11 degrees).

The most common Bachelor's Degree concentration at Franklin College is Kinesiology & Exercise Science (26 degrees awarded), followed by General Biological Sciences (15 degrees) and General Psychology (15 degrees).

In 2021, 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 Parks, Recreation, & Leisure (26 degrees awarded), PHILOSOPHY AND RELIGIOUS STUDIES. (5 degrees), and Communications (24 degrees).

Common Jobs by Major

Elementary & middle school 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 Elementary & middle school teachers (230,247 people), Other managers (206,049 people), Lawyers, & judges, magistrates, & other judicial workers (154,199 people), Postsecondary teachers (147,039 people), and Secondary school teachers (121,966 people).

The most specialized majors at Franklin College in 2021 are Parks, Recreation, & Leisure (26 degrees awarded), PHILOSOPHY AND RELIGIOUS STUDIES. (5 degrees), Communications (24 degrees), Language & Linguistics (6 degrees), and English (9 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 College are Surgeons, Nuclear medicine technologists and medical dosimetrists, Cardiovascular technologists and technicians, Aerospace engineers, and Computer and information research scientists

The most specialized majors at Franklin College are Parks, Recreation, & Leisure (26 degrees awarded), PHILOSOPHY AND RELIGIOUS STUDIES. (5 degrees), Communications (24 degrees), Language & Linguistics (6 degrees), and English (9 degrees) (as of 2021).

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 (518,978 people), Colleges, universities & professional schools, including junior colleges (351,810 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (174,011 people), Computer Systems Design (171,754 people), and Legal services (138,491 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 (2021)

Kinesiology & Exercise Science
26 degree-majors awarded
General Biological Sciences
15 degree-majors awarded
General Psychology
15 degree-majors awarded

In 2021, the most common bachelors degree concentration at Franklin College was Kinesiology & Exercise Science with 26 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

Degrees Awarded to Men

in 2021

154

Degrees Awarded to Women

in 2021

In 2021, 98 degrees were awarded to men at Franklin College, which is 0.636 times less than the number of degrees awarded to females (154).

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

Most Common Male Majors

In 2021, 8 degrees were awarded to men at Franklin College in Kinesiology & Exercise Science, which is 0.444 times less than the 18 female recipients with that same degree.

Most Common Female Majors

In 2021, 18 degrees were awarded to men at Franklin College in Kinesiology & Exercise Science, which is 2.25 times more than the 8 male recipients with that same degree.

Time to Complete

60%

100% Completion Time

65%

150% Completion Time

In 2021, 60% of students graduating from Franklin College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 65% completed their degrees within 150% of the normal time, and 66% 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.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Franklin College is Female and Asian (100% graduation rate). Across all Baccalaureate Colleges, 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.

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, 2.82% of graduates (5 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
224 degrees awarded
Black or African American
11 degrees awarded
Hispanic or Latino
7 degrees awarded

The most common race/ethnicity at Franklin College is white (224 degrees awarded). There were 20.4 times more white recipients than the next closest race/ethnicity group, black or african american (11 degrees).

1.19% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
138 degrees awarded
White Male
86 degrees awarded
Black or African American Male
6 degrees awarded

The most common race/ethnicity and sex grouping at Franklin College is white female (138 degrees awarded). There were 1.6 times more white female recipients than the next closest race/ethnicity group, white male (86 degrees).

Operations

Franklin College has an endowment valued at nearly $104M, as of the end of the 2021 fiscal year. The return on its endowment was of 23.7M (22.9%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Franklin College had a total salary expenditure of 31.4M. Franklin College employs 26 Assistant professors, 19 Professors and 14 Instructors. Most academics at Franklin College are Female Assistant professor (15), Male Professor (13), and Male Assistant professor (11).

The most common positions for non-instructional staff at Franklin College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 27 employees, Office and Administrative Support, with 26 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Endowment

$104M

2021 Endowment

23.7%

growth from 2020

Franklin College has an endowment valued at about $104M, as of the end of the 2021 fiscal year. The endowment of Franklin College grew 23.7% from the previous year. The value of their endowment was $51.3M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

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

$12.3M

2021 Salaries

5.31%

decline from 2020

In 2021, Franklin College paid a median of $12.3M in salaries, which represents 39.2% of their overall expenditure ($31.4M) and a 5.31% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$4.5M

Instructional Salaries

Number of Employees

In 2021, Franklin College paid a total of $4.5M to 74 employees working as instructors, which represents 36.5% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

26 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

27 Employees

In 2021, the most common positions for instructional staff at Franklin College were Assistant professor with 26 employees, Professor with 19 employees, and Instructor with 14 employees.

In 2021, the most common positions for non-instructional staff at Franklin College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 27 employees, Office and Administrative Support with 26 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Male Professor
Male Assistant professor

In 2021, the most common demographic for instructional staff at Franklin College was Female Assistant professor with 15 employees, Male Professor with 13 employees, and Male Assistant professor with 11 employees.

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