Franklin and Marshall College

www.fandm.edu

Add Comparison

2023 Undergraduate Tuition

$68,180

3.85% growth from 2022

2023 Average Net Price

$37,475

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

31.8%

9,231 Applicants

2023 Enrolled Students

1,911

99.5% Full-Time

2023 Graduation Rate

86%

554 Graduates

About

Franklin and Marshall College is a higher education institution located in Lancaster County, PA. In 2023, the most popular Bachelors Degree concentrations at Franklin and Marshall College were Other Multidisciplinary Studies (92 degrees awarded), General Business Administration & Management (62 degrees), and Behavioral Sciences (51 degrees).

In 2023, 636 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 57.5% of these degrees were awarded to women, and 42.5% awarded men. The most common race/ethnicity group of degree recipients was white (344 degrees), 5.46 times more than then the next closest race/ethnicity group, hispanic or latino (63 degrees).

The median undergraduate tuition at Franklin and Marshall College is $68,180, which is $38,900 more than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Franklin and Marshall College was 0%, corresponding to 0 out of the 332 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Franklin and Marshall College is $68,180, which is $38,900 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $37,475.

In 2023, 63% of undergraduate students attending Franklin and Marshall College received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$68,180

2023 Undergraduate Tuition

In 2023, the cost of tuition at Franklin and Marshall College was $68,180. The cost of tuition at Franklin and Marshall College is $38,900 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$37,475

2023 Value

20.4%

1 Year Growth

In 2023 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $37,475. Between 2022 and 2023, the average net price of Franklin and Marshall College grew by 20.4%.

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.

Other Student Expenses

$15,040

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $15,040 in 2023. The cost of room and board increased by 2.04% between 2022 and 2023.

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 and Marshall College (in red) with that of similar universities.

Financial Aid by Income Level

63%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

63% of undergraduate students at Franklin and Marshall College received financial aid through grants or loans in 2023. This represents a growth of 1.61% with respect to 2022, when 62% 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.

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 and Marshall College was 0%, which represents 0 out of the 332 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 and Marshall College received 9,231 undergraduate applications in 2023, which represents a 3.45% annual growth. Out of those 9,231 applicants, 2,938 students were accepted for enrollment, representing a 31.8% acceptance rate.

There were 1,911 students enrolled at Franklin and Marshall College in 2023. 31% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 18.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

31.8%

Acceptance Rate in 2023

2,938

Accepted Out of 9,231

In 2023, the undergraduate acceptance rate of Franklin and Marshall College was 31.8% (2,938 admissions from 9,231 applications). This is lower than the acceptance rate of 2022, which was 36.2%. Between 2022 and 2023, the number of applicants grew by 3.45%, while admissions declined by 9.12%.

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.

SAT Scores

31%

Submission Percentage (2023)

173

Scores Submitted (2023)

31% of enrolled first-time students at Franklin and Marshall College in 2023 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 and Marshall College had a total enrollment of 1,911 students in 2023. The full-time enrollment at Franklin and Marshall College is 1,902 students and the part-time enrollment is 9. This means that 99.5% 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 58.1% White, 10.2% Hispanic or Latino, 5.08% Black or African American, 4.97% Asian, 3.66% Two or More Races, and 0.209% American Indian or Alaska Native.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are most commonly White Female (30.4%), followed by White Male (26.8%) and Hispanic or Latino Female (5.94%).

Full-Time vs Part-Time Enrollment

99.5%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College in 2023, both undergraduate and graduate, is 1,911 students. The full-time enrollment at Franklin and Marshall College is 1,902 and the part-time enrollment is 9. This means that 99.5% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 78.8% 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.

Retention Rate over Time

85%

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 and Marshall College was 85%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), 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.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,110 enrolled students
Hispanic or Latino
194 enrolled students
Black or African American
97 enrolled students

The enrolled student population at Franklin and Marshall College is 58.1% White, 10.2% Hispanic or Latino, 5.08% Black or African American, 4.97% Asian, 3.66% Two or More Races, and 0.209% 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 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 14 students (0.733%) did not report their race.

Graduates

In 2023, 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 (344 degrees awarded). There were 5.46 times more white recipients than the next closest race/ethnicity group, hispanic or latino (63 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is Other Multidisciplinary Studies (92 degrees awarded), followed by General Business Administration & Management (62 degrees) and Behavioral Sciences (51 degrees).

In 2023, 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 (151 degrees awarded), Cultural & Gender Studies (16 degrees), and Math & Statistics (45 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

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 (357,929 people), Other managers (346,593 people), Postsecondary teachers (226,593 people), Elementary & middle school teachers (187,783 people), and Software developers (170,555 people).

The most specialized majors at Franklin and Marshall College in 2023 are Interdisciplinary Studies (151 degrees awarded), Cultural & Gender Studies (16 degrees), Math & Statistics (45 degrees), Social Sciences (121 degrees), and Physical Sciences (30 degrees) (as of 2023).

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 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 (151 degrees awarded), Cultural & Gender Studies (16 degrees), Math & Statistics (45 degrees), Social Sciences (121 degrees), and Physical Sciences (30 degrees) (as of 2023).

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 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).

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.

Most Common (2023)

Other Multidisciplinary Studies
92 degrees awarded
General Business Administration & Management
62 degrees awarded
Behavioral Sciences
51 degrees awarded

In 2023, the most common bachelors degree concentration at Franklin and Marshall College was Other Multidisciplinary Studies with 92 degrees awarded.

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

Sex Breakdown for Common Majors

270

Degrees Awarded to Men

in 2023

366

Degrees Awarded to Women

in 2023

In 2023, 270 degrees were awarded to men at Franklin and Marshall College, which is 0.738 times less than the number of degrees awarded to females (366).

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

Most Common Male Majors

In 2023, 41 degrees were awarded to men at Franklin and Marshall College in General Business Administration & Management, which is 1.95 times more than the 21 female recipients with that same degree.

Most Common Female Majors

In 2023, 57 degrees were awarded to men at Franklin and Marshall College in Other Multidisciplinary Studies, which is 1.63 times more than the 35 male recipients with that same degree.

Time to Complete

78%

100% Completion Time

83%

150% Completion Time

In 2023, 78% 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, 83% completed their degrees within 150% of the normal time, and 83% 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 2023 at Franklin and Marshall College is Male and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, 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.

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, 1.99% of graduates (11 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
344 degrees awarded
Hispanic or Latino
63 degrees awarded
Black or African American
26 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (344 degrees awarded). There were 5.46 times more white recipients than the next closest race/ethnicity group, hispanic or latino (63 degrees).

0.629% of degree recipients (4 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
197 degrees awarded
White Male
147 degrees awarded
Hispanic or Latino Female
46 degrees awarded

The most common race/ethnicity and sex grouping at Franklin and Marshall College is white female (197 degrees awarded). There were 1.34 times more white female recipients than the next closest race/ethnicity group, white male (147 degrees).

Operations

Franklin and Marshall College has an endowment valued at nearly $431M, as of the end of the 2023 fiscal year. The return on its endowment was of 20.2M (4.7%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Franklin and Marshall College had a total salary expenditure of 129M. Franklin and Marshall College employs 76 Professors, 71 Associate professors and 32 Assistant professors. Most academics at Franklin and Marshall College are Male Professor (47), Male Associate professor (36), and Female Associate professor (35).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 119 employees, Service, with 71 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 65 employees.

Endowment

$431M

2023 Endowment

1.02%

growth from 2022

Franklin and Marshall College has an endowment valued at about $431M, as of the end of the 2023 fiscal year. The endowment of Franklin and Marshall College grew 1.02% from the previous year. The value of their endowment was $379M 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.

Government Grants and Contracts

Grants & Contracts

$1.27M - Federal
$1.01M - State
$219k - Local

As of 2023, Franklin and Marshall College received $1.27M in grants and contracts from the federal government, $1.01M from state grants and contracts, and $219k from local grants and contracts.

Salary Expenditure

$53.8M

2023 Salaries

2.01%

decline from 2022

In 2023, Franklin and Marshall College paid a median of $53.8M in salaries, which represents 41.6% of their overall expenditure ($129M) and a 2.01% decline from the previous year. This is compared to a 3.51% decline between 2021 and 2022, and a 5.3% decline between 2020 and 2021.

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

Instructional Salaries

$19.9M

Instructional Salaries

193

Number of Employees

In 2023, Franklin and Marshall College paid a total of $19.9M to 193 employees working as instructors, which represents 37% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

76 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

119 Employees

In 2023, the most common positions for instructional staff at Franklin and Marshall College were Professor with 76 employees, Associate professor with 71 employees, and Assistant professor with 32 employees.

In 2023, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 119 employees, Service with 71 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 65 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Franklin and Marshall College was Male Professor with 47 employees, Male Associate professor with 36 employees, and Female Associate professor with 35 employees.

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

Keep Exploring

College of the Holy Cross (166124)