Franklin University

www.franklin.edu

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2022 Undergraduate Tuition

$9,552

2022 Average Net Price

$18,989

After Financial Aid

2019 Default Rate

1.49%

on Student Loans

2022 Enrolled Students

8,044

42.2% Full-Time

2022 Graduation Rate

43.1%

25 Graduates

About

Franklin University is a higher education institution located in Franklin County, OH. In 2022, the most popular Masters Degree concentrations at Franklin University were General Business Administration & Management (287 degrees awarded), Health Care Administration & Management (67 degrees), and General Human Resources Management & Personnel Administration (65 degrees).

In 2022, 1,832 degrees were awarded across all undergraduate and graduate programs at Franklin University. 60.9% of these degrees were awarded to women, and 39.1% awarded men. The most common race/ethnicity group of degree recipients was white (976 degrees), 3.33 times more than then the next closest race/ethnicity group, black or african american (293 degrees).

The median undergraduate tuition at Franklin University is $9,552, which is $−5,389 less than the national average for Special Focus Institutions ($14,942).

In 2019 the default rate for borrower's at Franklin University was 1.49%, corresponding to 30 out of the 2013 total borrowers.

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

Costs

In 2022, the median undergraduate tuition at Franklin University is $9,552, which is $5,390 less than the national average for Special Focus Institutions ($14,942).

After taking grants and loans into account, the average net price for students is $18,989.

In 2022, 53% of undergraduate students attending Franklin University received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$9,552

2022 Undergraduate Tuition

In 2022, the cost of tuition at Franklin University was $9,552. The cost of tuition at Franklin University is $−5,390 less than than the overall (public and private) national average for Special Focus Institutions ($14,942).

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

Average Net Price

$18,989

2022 Value

In 2022 Franklin University had an average net price — the price paid after factoring in grants and loans — of $18,989.

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

$14,256

Room and Board

$540

Books and Supplies

The average yearly cost of room and board at Franklin University was of $14,256 in 2022. The cost of room and board increased by 2.33% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $540. The cost of books and supplies did not change 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

53%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

53% of undergraduate students at Franklin University received financial aid through grants or loans in 2022. This represents a growth of 35.9% with respect to 2021, when 39% 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.

1.49%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Franklin University was 1.49%, which represents 30 out of the 2013 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 8,044 students in 2022. The full-time enrollment at Franklin University is 3,391 students and the part-time enrollment is 4,653. This means that 42.2% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 55.4% White, 19% Black or African American, 7.07% Hispanic or Latino, 3.28% Asian, 3.01% Two or More Races, 0.808% American Indian or Alaska Native, and 0.199% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are most commonly White Female (35.4%), followed by White Male (23.1%) and Black or African American Female (11.2%). Students enrolled in full-time Graduate programs are most commonly White Female (29%), followed by Black or African American Female (15.1%) and White Male (13.4%).

Full-Time vs Part-Time Enrollment

42.2%

Full-Time Enrollment

The total enrollment at Franklin University in 2022, both undergraduate and graduate, is 8,044 students. The full-time enrollment at Franklin University is 3,391 and the part-time enrollment is 4,653. This means that 42.2% of students enrolled at Franklin University are enrolled full-time compared with N/A% 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

50%

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 University was 50%. 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 (2022)

White
4,460 enrolled students
Black or African American
1,527 enrolled students
Hispanic or Latino
569 enrolled students

The enrolled student population at Franklin University is 55.4% White, 19% Black or African American, 7.07% Hispanic or Latino, 3.28% Asian, 3.01% Two or More Races, 0.808% American Indian or Alaska Native, and 0.199% 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 42.1% White, 19.3% Hispanic or Latino, and 14.1% 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, 661 students (8.22%) did not report their race.

Graduates

In 2022, 400 more women than men received degrees from Franklin University. The most common race/ethnicity group of degree recipients at Franklin University is white (976 degrees awarded). There were 3.33 times more white recipients than the next closest race/ethnicity group, black or african american (293 degrees).

The most common Masters Degree concentration at Franklin University is General Business Administration & Management (287 degrees awarded), followed by Health Care Administration & Management (67 degrees) and General Human Resources Management & Personnel Administration (65 degrees).

In 2022, 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 (1,118 degrees awarded), Psychology (107 degrees), and Computer and Information Sciences and Support Services (132 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 (1,067,752 people), Other managers (897,261 people), Software developers (679,707 people), Financial managers (528,076 people), and Chief executives & legislators (438,400 people).

The most specialized majors at Franklin University in 2022 are Business (1,118 degrees awarded), Psychology (107 degrees), Computer and Information Sciences and Support Services (132 degrees), Protective Services (69 degrees), and Public Administration and Social Service (35 degrees) (as of 2022).

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 (1,118 degrees awarded), Psychology (107 degrees), Computer and Information Sciences and Support Services (132 degrees), Protective Services (69 degrees), and Public Administration and Social Service (35 degrees) (as of 2022).

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 (2022)

General Business Administration & Management
242 degrees awarded
Accounting
108 degrees awarded
General Human Resources Management & Personnel Administration
77 degrees awarded

In 2022, the most common bachelors degree concentration at Franklin University was General Business Administration & Management with 242 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

716

Degrees Awarded to Men

in 2022

1,116

Degrees Awarded to Women

in 2022

In 2022, 716 degrees were awarded to men at Franklin University, which is 0.642 times less than the number of degrees awarded to females (1,116).

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

Most Common Male Majors

In 2022, 271 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.836 times less than the 324 female recipients with that same degree.

Most Common Female Majors

In 2022, 324 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 1.2 times more than the 271 male recipients with that same degree.

Time to Complete

43%

100% Completion Time

46%

150% Completion Time

In 2022, 43% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 46% completed their degrees within 150% of the normal time, and 46% 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.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Franklin University is Male and Hispanic or Latino (100% graduation rate). Across all Special Focus Institutions, 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
976 degrees awarded
Black or African American
293 degrees awarded
Hispanic or Latino
61 degrees awarded

The most common race/ethnicity at Franklin University is white (976 degrees awarded). There were 3.33 times more white recipients than the next closest race/ethnicity group, black or african american (293 degrees).

20.2% of degree recipients (370 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
605 degrees awarded
White Male
371 degrees awarded
Black or African American Female
180 degrees awarded

The most common race/ethnicity and sex grouping at Franklin University is white female (605 degrees awarded). There were 1.63 times more white female recipients than the next closest race/ethnicity group, white male (371 degrees).

Operations

Franklin University has an endowment valued at nearly $10.5M, as of the end of the 2022 fiscal year. The return on its endowment was of −7.48M (−71.3%) compared to the 0.21% average return (24.5k on 11.6M) across all Special Focus Institutions.

In 2022, Franklin University had a total salary expenditure of 76M. Franklin University employs 62 No academic ranks. Most academics at Franklin University are Female No academic rank (33), and Male No academic rank (29).

The most common positions for non-instructional staff at Franklin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 59 employees, Business and Financial Operations, with 45 employees, and Office and Administrative Support with 45 employees.

Endowment

$10.5M

2022 Endowment

5.4%

growth from 2021

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

$39.4M

2022 Salaries

6.68%

growth from 2021

In 2022, Franklin University paid a median of $39.4M in salaries, which represents 51.9% of their overall expenditure ($76M) and a 6.68% growth from the previous year. This is compared to a 16.7% decline between 2020 and 2021, and a 15.2% growth between 2019 and 2020.

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

Instructional Salaries

$7.34M

Instructional Salaries

Number of Employees

In 2022, Franklin University paid a total of $7.34M to 62 employees working as instructors, which represents 18.6% of all salaries paid.

This is compared to a median of $975k (30.7%) for similar Special Focus Institutions.

Occupations by Share

No academic rank

Most Common Instructor

62 Employees

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

Most Common Non-Instructional Employee

59 Employees

In 2022, the most common positions for instructional staff at Franklin University was No academic rank with 62 employees.

In 2022, the most common positions for non-instructional staff at Franklin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 59 employees, Business and Financial Operations with 45 employees, and Office and Administrative Support with 45 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female No academic rank
Male No academic rank

In 2022, the most common demographic for instructional staff at Franklin University was Female No academic rank with 33 employees, and Male No academic rank with 29 employees.

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

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