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Cost & financial aid brief

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# Franklin College Tuition, Costs & Financial Aid

Updated October 21, 2026

[Overview](/school/franklin-college/)Cost & aid[Outcomes](/school/franklin-college/outcomes/)[Admissions](/school/franklin-college/admissions/)[Majors](/school/franklin-college/majors/)[Similar schools](/school/franklin-college/similar/)

**On this page**+

## How much does Franklin College cost after financial aid?

Franklin College carries a published annual cost of $54,178, though aid substantially changes the amount paid by recipients. Tuition and fees are $38,710, and room and board are $12,405.

For aid recipients, average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/), what aid recipients pay after grants and scholarships, is $22,855, with $31,323 in average aid savings against the published cost. That average is $508 above the $22,347 peer median at comparable institutions (same type and size).

Azimuth places the affordability pillar in the 24th percentile among nonprofit four-year institutions. The aid reduction is large, but the resulting average price remains slightly above the comparable-school median.

Affordability is the weakest of the four pillars for Franklin College, landing at the 24th percentile among nonprofit four-year institutions. The published cost of attendance is $54,178.

After grants and scholarships, the average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) for aid recipients is $22,855, which is $508 above the median for comparable institutions (same type and size). Average net prices by income band start at $14,790 for families earning under $30,000 and reach $30,316 for those earning over $110,000, a spread of $15,526.

Borrowers who complete a degree carry a median of $27,000 in federal student loans, $2,000 above the peer median of $25,000.

At Franklin College, aid recipients in lower-income bands face lower average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/)s than those in higher-income bands. Families earning under thirty thousand dollars average $14,790; those earning from thirty thousand one dollars to forty-eight thousand dollars average $15,822; and those earning from forty-eight thousand one dollars to seventy-five thousand dollars average $20,093.

For families earning from seventy-five thousand one dollars to one hundred ten thousand dollars, the average is $23,439, compared with $30,316 for families earning over one hundred ten thousand dollars. 36.4% of undergraduates receive Pell Grants, which provides financial-access context for the lowest band. Across the outer bands, the spread is $15,526.

Average net price by family income

**$0–30K**
$14,790

**$30–48K**
$15,822

**$48–75K**
$20,093

**$75–110K**
$23,439

**$110K+**
$30,316

Averages within each income band; individual aid packages vary.

Overall average annual net price: **$22,855**. After grants and scholarships, including living costs. [Source and coverage](#cost-data-notes).

Aid covers about 58% of the published cost for the average aid recipient, so the sticker price is not the typical post-aid bill for that group. The published cost of $54,178 falls to an average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) of $22,855, a sticker-to-net gap of $31,323.

This is an average across aid recipients, not a promise for any particular family. Families in the lower-income bands have lower average net prices than those in the middle and upper-income bands: $14,790 in the lowest band and $30,316 in the highest.

The $15,526 spread shows aid is more concentrated at lower income levels in the reported pricing pattern.

Family income makes a clear difference in what aid recipients pay at Franklin College. The published cost of attendance is $54,178.

Average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/), what aid recipients pay after grants and scholarships, is $14,790 for the lowest-income family band, $15,822 for the lower-middle band, $20,093 for the middle band, $23,439 for the upper-middle band, and $30,316 for the highest-income band. The spread between the lowest and highest bands is $15,526, a difference between band averages rather than a family bill.

Azimuth ranks the university #1,070 for affordability among nonprofit four-year institutions. Aid reduces the listed price for the average recipient, though the resulting average price sits slightly higher than at similar colleges.

Aid covers about 58% of the published cost for the average aid recipient, or average savings of $31,323 against the sticker price. Across all aid recipients, the average net price is $22,855, $508 above the peer median of $22,347 at comparable institutions (same type and size).

Published tuition and fees are $38,710, and room and board are $12,405. Average aid is substantial, but the overall aid-recipient price remains above the comparable-institution median.

Borrowing is common among undergraduates here, and federal debt at completion is above the comparable-college median. Federal student loan borrowers who complete have median debt of $27,000, while 92.7% of federal aid recipients borrow federal loans.

That median is $2,000 above the peer median of $25,000 at comparable institutions (same type and size). Median [Parent PLUS](/analysis/ou-what-happens-when-parents-borrow-too/) borrowing for parent borrowers is $40,380.

The median federal student debt corresponds to an estimated payment of $307 a month if repaid over ten years.

## Student loans: what does repayment look like?

Borrowing is common at Franklin College, where 92.7% of federal aid recipients take federal loans and borrowers who complete carry median federal student loan debt of $27,000. These federal figures describe borrowers who completed rather than every undergraduate, and they exclude [Parent PLUS](/analysis/ou-what-happens-when-parents-borrow-too/) and private loans.

The median is $2,000 above the $25,000 peer median at comparable institutions (same type and size). For the separate population of parent borrowers, median Parent PLUS borrowing is $40,380.

The investment picture at Franklin College is shaped by earnings that fall short of the model's expectation and borrowing that runs above the peer median. Four years after completing a degree, federally aided graduates who are working and not enrolled earn a median of $53,224.

That figure sits at the 27th percentile among nonprofit four-year institutions. Graduates earn about $14,172 less than the model expects for similar students, an outcome in the 10th percentile.

Earnings scenarios, estimated from the university's program mix, range from $48,242 in a downside case to $80,140 in an upside case, with $53,224 as the typical outcome. The median federal student debt at completion is $27,000, which is $2,000 above the $25,000 median for comparable institutions (same type and size).

That debt corresponds to an estimated payment of $307 a month if repaid over ten years. The return picture is mixed: earnings beat neither the model's expectation nor the peer median, while the debt load sits above the peer median.

Among parent borrowers, median [Parent PLUS](/analysis/ou-what-happens-when-parents-borrow-too/) borrowing is $40,380, separate from student federal loans. For completers with median federal student debt, that debt corresponds to an estimated payment of $307 a month if repaid over ten years.

[Repayment figures](#combined-borrowing) are in the Financial GPS card below. [Borrowing populations and model assumptions](#cost-data-notes).

## Parent loans: what can the family afford?

[How Parent PLUS borrowing affects families](/analysis/ou-what-happens-when-parents-borrow-too/)

**Median Parent PLUS debt**
$40,380

**Estimated parent payment**
$513/mo

Modeled Parent PLUS pressure by income

| Household income | Share of income above basic expenses | Risk level |
| --- | --- | --- |
| $35,000 | No room | High pressure |
| $50,000 | No room | High pressure |
| $75,000 | 30.2% | High pressure |
| $100,000 | 13.6% | High pressure |
| $150,000 | 6.5% | Caution |
| $200,000 | 4.2% | Safe |

The 10-year payment on the median Parent PLUS balance, as a share of household income above basic expenses ($54,640 a year: 200% of the 2026 federal poverty guideline for a household of three). No room is High pressure. [Open the parent tool for your own numbers](/financial-gps/?tool=parent&school=franklin-college#parent-tool). [Read the assumptions and limits](#cost-data-notes).

## Student and parent loans: the monthly payments

Financial GPS

### What does repayment look like?

**Institution median student debt**
$27,000

**Institution Parent PLUS debt**
$40,380

Federal loans only; private or institutional loans aren’t included.

**Estimated student payment · monthly**
$307/mo

**Estimated Parent PLUS payment · monthly**
$513/mo

**Modeled student + parent payments**
$820/mo

Payments use school-wide median balances, not a specific major’s.

#### Student payment as a share of available income

At median graduate earnings of $53,224, with a $23,940 annual allowance for basic expenses:

**12.6%** of income above the allowance · Concerning

1.  Excellent Under 8%
2.  Good 8–under 12%
3.  Concerning 12–20% · selected scenario
4.  High risk Over 20%

How this estimate works

These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $23,940, uses the published framework’s 2026 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.

[Read the framework and its limits](/analysis/financial-gps-framework/).

Payment assumptions

Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.

[Explore your own numbers in Financial GPS](/financial-gps/?tool=student&school=franklin-college#student-tool)

## Data & methodology

Sources and reporting periods: [methodology](/methodology/).

Analysis and methodology by [Daniel Rogers](/about/#founder), founder of College Azimuth.

Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.

Figure notes link to sources and limitations. [About College Azimuth](/about/).

**Net price and borrowing.** The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. [College Scorecard data and documentation](https://collegescorecard.ed.gov/data/).

A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.

Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.