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Colleges / Franklin & Marshall College

FandM Tuition Information

In 2021, tuition for full-time students at Franklin & Marshall College was $63,216 a year.

Tuition increased 3.85 percent in 2021, from $60,872 the prior year. On average, colleges raise tuition about 3 percent each year.

If these numbers feel scary, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students pay far less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make the amount you do have to pay for college more manageable.

Does FandM Offer In-State and Out-of-State Tuition?

Franklin & Marshall College is a private, nonprofit institution, so it has the same tuition for residents of Pennsylvania as it does for residents from other states.

Public schools receive funds from the state to help them cover costs. These institutions offer reduced tuition for students who are residents of that state.

Attending a school where you qualify for in-state tuition can save significant money on the overall cost of college. Every state has their own rules about what makes someone eligible for in-state tuition. In many states, students must have lived in the state for 12 months before starting school to qualify for in-state tuition

Explore other Pennsylvania colleges

FandM International Student Tuition

Tuition at FandM is the same for all students.

International students are not eligible for federal financial aid, but may be eligible for school-specific aid and scholarships. International students with need may be eligible for the following types of financial support:

On-campus jobs

FandM-specific loans

FandM-specific scholarships

FandM Living Expenses and Other Costs

In addition to tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies.

Room and Board at FandM

Room and board at FandM is $14,450 a year. This includes the cost of living in dorms or other campus housing, plus a meal plan that allows you to eat in the school dining facilities. Students who live off campus but still want to use the dining facility can pay for a meal plan. The cost of board-only is $8,550.

Board costs may vary depending on how many meals are included in the meal plan you choose.

Cost of Books at FandM

The cost of books often surprises first-year college students. At FandM, you can expect to pay about $1,200 a year for books and supplies. This does not count the initial cost of a computer or other technology. The actual cost of books depends on the courses you take and the materials required.

Yearly Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs. Full-time undergrads at FandM pay $200 in fees each academic year.

There may also be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or playing on an intramural sports team, may mean additional fees.

Transportation costs

The total cost of transportation in college can really vary. It depends on if you drive or fly to get to school, own a car, or if you prefer to walk or take public transportation to get around campus.

A school's location can impact transportation costs. The Franklin & Marshall College campus is in a suburban setting in Pennsylvania, not far from Philadelphia. First-year students are not allowed to park a car on campus.

For FandM students, $200 is good ballpark for transportation costs for on-campus students. $5,900 is a good estimate for transportation costs for students who live off campus.

Other College Costs

When creating a budget for college, don’t forget to leave some room in your budget for personal expenses, like entertainment, clothes, furnishings and toiletries.

Let’s look at the breakdown of all expenses, which can add up for both on-campus and off-campus students.

Total Cost of FandM

2021 Total Tuition and Expenses
Tuition $63,216
Room and Board $14,450
Board Only $5,900
Books and Supplies $1,200
Yearly Fees $200
Transportation $200
Other expenses $1,270
Total Estimated Costs
On-Campus $80,336
Off-Campus $71,786

The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.

Franklin & Marshall College Financial Aid

The majority of FandM undergrads use financial aid to to cover the cost of tuition. In 2021, 1,286 of the 2,254 undergrads enrolled received financial aid. FandM meets 100 percent of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $58,315 a year. Around 55 percent of FandM undergrads take out student loans to cover any remaining costs. FandM graduates who have student loans graduate with an average of $30,586 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans $20,272
State Loans $7,109
FandM-Specific Loans $4,186
Private Loans $4,635
Most Common Loans for FandM Students
Federal Loans 50%
State loans 1%
Institutional Loans 30%
Private loans 10%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on FandM financial aid, keep reading, or visit their financial aid website.

Scholarships at FandM

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2021, FandM awarded 1,286 need-based scholarships to students, giving away total of $66,281,045 to help students with financial need cover the cost of school. An additional $2,124,480 in merit-based scholarship money was awarded to students without demonstrated financial need.

Franklin & Marshall College Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for FandM students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at FandM was $58,315 in 2021. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of FandM seem more manageable.

Estimated Net Cost for Full-Time Students
On-Campus $22,021
Off-Campus $13,471

What will attending FandM really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the FandM's net cost calculator on their website.

FandM Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

FandM offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Franklin & Marshall College offer tuition waivers?

Schools sometimes offer tuition waivers to certain groups to cover some or all of the cost of tuition. Some schools offer them for employees and their family, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student

FandM has some full or partial tuition waivers available for: Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

FandM Tuition & Fees

Tuition & Fees

$79,066

In State

$79,066

Out-of-State
Cost Breakdown
In State
Out-of-State
State Tuition
$63,216
$63,216
Fees
$200
$200
Housing
$14,450
$14,450
Books
$1,200
$1,200

FandM Financial Aid

Students Who Receive Need-Based Aid

57%

Average Financial Aid Package

$55,996

© 2021 College Confidential / Concentrical LLC, Data provided by IPEDs and Peterson's Databases, © 2020 Peterson's LLC.

Quick Facts

Total Enrollment

2,254

Campus Setting

Suburban

Acceptance Rate

37%

Tuition and Fees

In State

$63,416

Out-of-State

$63,416

Fall Freshmen
Application Deadline

Jan 15
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