In 2015, tuition for full-time students at Franklin University was $15,780 a year.
On average, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams feel scary, remember, the "sticker price" of tuition doesn't give you enough information to determine the actual cost of attending any given college. Many students pay way less than the total tuition after grants, scholarships, and tuition discounts are awarded. Plus, student loans can make thecost of college more manageable until you've finishing school and found a job.
Franklin University is a private, nonprofit institution, so it has the same tuition for residents of Ohio as it does for residents from other states.
Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for those who qualify as Ohio residents.
Choosing a college where you qualify for in-state tuition can cut the cost of college tuition. Be sure to check your state's rules for in-state tuition. Every state has its 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. There may be additional requirements too, depending on where you live.
Tuition at Franklin University is the same for all students.
International students usually do not qualify for for federal financial aid, but should research private or school-specific grants, scholarships, and other funding opportunities..
Tuition is not the only cost of attending college;there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Franklin University.
Franklin University does not provide on-campus housing for students, so there are no charge for dorms, however students should consider other housing costs when estimating the cost of various schools
Meal-plan costs can depend on how many meals are included in the plan you choose.
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. . The real cost of books and supplies depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy used textbooks and materials.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges have resources so that those with financial need to find ways to lower or eliminate these costs.
The total cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school?. Will you need to pay to park on-campus? Is the campus walkable? Do you own a car, or are you planning to use public transportation? All of these questions can drastically impact your estimated cost of transportation.
A school's location can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area can be pricey, but there may be more buses, trains or affordable flights to actually get to school. Franklin Universityis located in a urban setting in Ohio, not far from Columbus.
When budgeting for college, be sure to leave some room in your budget for the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for Franklin University.
|2021 Total Tuition and Expenses|
|Total Estimated Costs|
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 University’s tuition and fees change based on: Academic program for both full and part-time students
In 2021, 1,046 of the 4,676 undergrads enrolled received financial aid.
|Most Common Loans for Franklin University Students|
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 Franklin University financial aid, keep reading, or visit their financial aid website.
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, Franklin University awarded 677 need-based scholarships to students, giving away total of $4.8 million to help students with financial need cover the cost of school. An additional $1.87 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 Franklin University 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.
By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Franklin University seem more manageable.
What will attending Franklin University 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 Franklin University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Franklin University does not have guaranteed tuition.
A Prepaid Tuition Plan is not available for Franklin University students.
Franklin University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Franklin University 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.
To learn more about Franklin University, choose from the options below:
Connect with other students, parents, and admissions professionals to learn more about about Franklin University in the College Confidential forums