In 2004, tuition for full-time Franklin University students was $9,552 a year.
Tuition was the same price in 2023 compare to the year before. Usually, colleges raise tuition about 3% each year.
If these numbers seem daunting, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.
For information on Franklin University's financial aid options for first-year students, check with the school directly.
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 schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Be sure to verify your state's eligibility criteria for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on the state you and your parents currently reside in.
Tuition at Franklin University is the same for all students.
International students are not eligible for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when budgeting for college. Let's take a look at what impacts these costs, and what to expect at Franklin University.
Franklin University doesn't offer on-campus housing for students, so there is no cost for housing, however students should consider the cost of off-campus housing when evaluating the actual cost of different colleges.
Meal-plan costs vary based on on the number of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books 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 also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be other costs associated with participating in special activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools offer resources so that those with financial need to find ways to lower or eliminate these fees.
The cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your estimated cost of transportation.
The location of a college or university can also have a big effect on your transportation budget. 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 may be expensive, but cities may offer more trains, busses and low-cost flight options to actually get to school. The Franklin University campus is located in a city in Ohio, not far from Columbus.
When creating a budget for college, don’t forget to take into account personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better idea of the actual cost of attending Franklin University.
What will the cost of attending Franklin University be? Here is a breakdown of tuition and expenses.
|2023 Total Tuition and Expenses
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|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.
In 2023, 1,046 of the 4,008 undergrads enrolled received financial aid.
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 2023, 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.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2004, the total market value of Franklin University's endowment was $85.8 million. The average college endowment was $905 million in 2021. The school spends $2,896 for each full-time student enrolled.
Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.
Visit the College Confidential forums to join the conversation about Franklin University