Franklin University

www.franklin.edu

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2023 Undergraduate Tuition

$9,552

2023 Average Net Price

$22,252

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

8,697

42.4% Full-Time

2023 Graduation Rate

31%

36 Graduates

About

Franklin University is a higher education institution located in Franklin County, OH. In 2023, the most popular Bachelors Degree concentrations at Franklin University were General Business Administration & Management (404 degrees awarded), Criminal Justice - Law Enforcement Administration (149 degrees), and Accounting (129 degrees).

In 2023, 2,204 degrees were awarded across all undergraduate and graduate programs at Franklin University. 63.1% of these degrees were awarded to women, and 36.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,224 degrees), 3.6 times more than then the next closest race/ethnicity group, black or african american (340 degrees).

The median undergraduate tuition at Franklin University is $9,552, which is $−5,612 less than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Franklin University was 0%, corresponding to 0 out of the 1,972 total borrowers.

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

Costs

In 2023, the median undergraduate tuition at Franklin University is $9,552, which is $5,612 less than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $22,252.

In 2023, 59% of undergraduate students attending Franklin University received financial aid through grants. Comparatively, 39% of undergraduate students received financial aid through loans.

Tuition Costs

$9,552

2023 Undergraduate Tuition

In 2023, the cost of tuition at Franklin University was $9,552. The cost of tuition at Franklin University is $−5,612 less than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$22,252

2023 Value

17.2%

1 Year Growth

In 2023 Franklin University had an average net price — the price paid after factoring in grants and loans — of $22,252. Between 2022 and 2023, the average net price of Franklin University grew by 17.2%.

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

$15,048

Room and Board

$576

Books and Supplies

The average yearly cost of room and board at Franklin University was of $15,048 in 2023. The cost of room and board increased by 5.56% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $576. The cost of books and supplies increased by 6.67% during the same period.

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

Financial Aid by Income Level

59%

Undergraduates Receiving Financial Aid through Grants

39%

Undergraduates Receiving Financial Aid through Loans

59% of undergraduate students at Franklin University received financial aid through grants or loans in 2023. This represents a growth of 11.3% with respect to 2022, when 53% 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Franklin University was 0%, which represents 0 out of the 1972 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 had a total enrollment of 8,697 students in 2023. The full-time enrollment at Franklin University is 3,687 students and the part-time enrollment is 5,010. This means that 42.4% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 53.6% White, 19.6% Black or African American, 7.16% Hispanic or Latino, 3.3% Asian, 3.21% Two or More Races, 0.655% American Indian or Alaska Native, and 0.138% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are most commonly White Female (35.2%), followed by White Male (22.9%) and Black or African American Female (11.3%). Students enrolled in full-time Graduate programs are most commonly White Female (28.8%), followed by Black or African American Female (16.3%) and White Male (13.6%).

Full-Time vs Part-Time Enrollment

42.4%

Full-Time Enrollment

The total enrollment at Franklin University in 2023, both undergraduate and graduate, is 8,697 students. The full-time enrollment at Franklin University is 3,687 and the part-time enrollment is 5,010. This means that 42.4% of students enrolled at Franklin University are enrolled full-time compared with 70.4% 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

47%

2023 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 47%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), 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 (2023)

White
4,664 enrolled students
Black or African American
1,704 enrolled students
Hispanic or Latino
623 enrolled students

The enrolled student population at Franklin University is 53.6% White, 19.6% Black or African American, 7.16% Hispanic or Latino, 3.3% Asian, 3.21% Two or More Races, 0.655% American Indian or Alaska Native, and 0.138% 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 41.6% White, 19.6% Hispanic or Latino, and 14.5% 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, 727 students (8.36%) did not report their race.

Graduates

In 2023, 578 more women than men received degrees from Franklin University. The most common race/ethnicity group of degree recipients at Franklin University is white (1,224 degrees awarded). There were 3.6 times more white recipients than the next closest race/ethnicity group, black or african american (340 degrees).

The most common Bachelor's Degree concentration at Franklin University is General Business Administration & Management (404 degrees awarded), followed by Criminal Justice - Law Enforcement Administration (149 degrees) and Accounting (129 degrees).

In 2023, 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 (1,200 degrees awarded), Protective Services (179 degrees), and Interdisciplinary Studies (68 degrees).

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 (1,098,163 people), Other managers (1,075,436 people), Software developers (792,290 people), Financial managers (620,775 people), and Chief executives & legislators (538,238 people).

The most specialized majors at Franklin University in 2023 are Business (1,200 degrees awarded), Protective Services (179 degrees), Interdisciplinary Studies (68 degrees), Social Sciences (100 degrees), and Computer and Information Sciences and Support Services (151 degrees) (as of 2023).

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, Physicians, Cardiovascular technologists and technicians, Photographic process workers & processing machine operators, and Aircraft pilots & flight engineers

The most specialized majors at Franklin University are Business (1,200 degrees awarded), Protective Services (179 degrees), Interdisciplinary Studies (68 degrees), Social Sciences (100 degrees), and Computer and Information Sciences and Support Services (151 degrees) (as of 2023).

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 (1,095,041 people), Elementary & secondary schools (954,774 people), Colleges, universities & professional schools, including junior colleges (601,071 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (585,089 people), and Justice, public order, & safety activities (576,867 people).

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 (2023)

General Business Administration & Management
404 degrees awarded
Criminal Justice - Law Enforcement Administration
149 degrees awarded
Accounting
129 degrees awarded

In 2023, the most common bachelors degree concentration at Franklin University was General Business Administration & Management with 404 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

813

Degrees Awarded to Men

in 2023

1,391

Degrees Awarded to Women

in 2023

In 2023, 813 degrees were awarded to men at Franklin University, which is 0.584 times less than the number of degrees awarded to females (1,391).

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

Most Common Male Majors

In 2023, 303 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.748 times less than the 405 female recipients with that same degree.

Most Common Female Majors

In 2023, 405 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 1.34 times more than the 303 male recipients with that same degree.

Time to Complete

21%

100% Completion Time

25%

150% Completion Time

In 2023, 21% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 25% completed their degrees within 150% of the normal time, and 25% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Franklin University is Female and Two or More Races (100% graduation rate). Across all Special Focus Institutions, Non-resident Alien Male students have the highest graduation rate (65.7%).

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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,224 degrees awarded
Black or African American
340 degrees awarded
Hispanic or Latino
134 degrees awarded

The most common race/ethnicity at Franklin University is white (1,224 degrees awarded). There were 3.6 times more white recipients than the next closest race/ethnicity group, black or african american (340 degrees).

15.6% of degree recipients (343 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
760 degrees awarded
White Male
464 degrees awarded
Black or African American Female
231 degrees awarded

The most common race/ethnicity and sex grouping at Franklin University is white female (760 degrees awarded). There were 1.64 times more white female recipients than the next closest race/ethnicity group, white male (464 degrees).

Operations

Franklin University has an endowment valued at nearly $10.8M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.58M (24%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Franklin University had a total salary expenditure of 72.5M. Franklin University employs 66 No academic ranks. Most academics at Franklin University are Female No academic rank (38), and Male No academic rank (28).

The most common positions for non-instructional staff at Franklin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 67 employees, Business and Financial Operations, with 49 employees, and Management with 41 employees.

Endowment

$10.8M

2023 Endowment

2.74%

growth from 2022

Franklin University has an endowment valued at about $10.8M, as of the end of the 2023 fiscal year. The endowment of Franklin University grew 2.74% from the previous year. The value of their endowment was $1.66M 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.

Salary Expenditure

$40.4M

2023 Salaries

2.46%

growth from 2022

In 2023, Franklin University paid a median of $40.4M in salaries, which represents 55.7% of their overall expenditure ($72.5M) and a 2.46% growth from the previous year. This is compared to a 6.68% growth between 2021 and 2022, and a 16.7% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$7.97M

Instructional Salaries

Number of Employees

In 2023, Franklin University paid a total of $7.97M to 66 employees working as instructors, which represents 19.7% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

No academic rank

Most Common Instructor

66 Employees

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

Most Common Non-Instructional Employee

67 Employees

In 2023, the most common positions for instructional staff at Franklin University was No academic rank with 66 employees.

In 2023, the most common positions for non-instructional staff at Franklin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 67 employees, Business and Financial Operations with 49 employees, and Management with 41 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female No academic rank
Male No academic rank

In 2023, the most common demographic for instructional staff at Franklin University was Female No academic rank with 38 employees, and Male No academic rank with 28 employees.

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

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