Benjamin Franklin Institute of Technology

www.bfit.edu/

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2021 Undergraduate Tuition

$16,950

2021 Average Net Price

$18,143

After Financial Aid

2019 Student Loan

5.77%

Default Rate

2021 Enrolled Students

476

63% Full-Time

2021 Graduation Rate

41.8%

81 Graduates

About

Benjamin Franklin Institute of Technology is a higher education institution located in Suffolk County, MA. In 2021, the most popular Associates Degree concentrations at Benjamin Franklin Institute of Technology were Automobile Mechanics Technology (27 degrees awarded), Ophthalmic Dispensing Optician (13 degrees), and Biomedical Technology (11 degrees).

In 2021, 203 degrees were awarded across all undergraduate and graduate programs at Benjamin Franklin Institute of Technology. 10.8% of these degrees were awarded to women, and 89.2% awarded men. The most common race/ethnicity group of degree recipients was black or african american (70 degrees), 1.49 times more than then the next closest race/ethnicity group, white (47 degrees).

The median undergraduate tuition at Benjamin Franklin Institute of Technology is $16,950, which is $2,450 more than the national average for Special Focus Institutions ($14,500).

Special Focus Four-Year: Other Technology-Related Schools Special Focus Institutions

Costs

In 2021, the median undergraduate tuition at Benjamin Franklin Institute of Technology is $16,950, which is $2,450 more than the national average for Special Focus Institutions ($14,500).

After taking grants and loans into account, the average net price for students is $18,143.

In 2021, 84% of undergraduate students attending Benjamin Franklin Institute of Technology received financial aid through grants. Comparatively, 53% of undergraduate students received financial aid through loans.

Tuition Costs

$16,950

2021 Undergraduate Tuition

In 2021, the cost of tuition at Benjamin Franklin Institute of Technology was $16,950. The cost of tuition at Benjamin Franklin Institute of Technology is $2,450 more than than the overall (public and private) national average for Special Focus Institutions ($14,500).

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

Average Net Price

$18,143

2021 Value

0.287%

1 Year Growth

In 2021 Benjamin Franklin Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $18,143. Between 2020 and 2021, the average net price of Benjamin Franklin Institute of Technology grew by 0.287%.

This chart compares the average net price of Benjamin Franklin Institute of Technology (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

$13,500

Room and Board

$1,600

Books and Supplies

The average yearly cost of room and board at Benjamin Franklin Institute of Technology was of $13,500 in 2021. The cost of room and board did not change between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,600. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Benjamin Franklin Institute of Technology (in red) with that of similar universities.

Financial Aid by Income Level

84%

Undergraduates Receiving Financial Aid through Grants

53%

Undergraduates Receiving Financial Aid through Loans

84% of undergraduate students at Benjamin Franklin Institute of Technology received financial aid through grants or loans in 2021. This represents a decline of 3.45% with respect to 2020, when 87% of undergraduate students received financial aid.

This chart compares the average award discount at Benjamin Franklin Institute of Technology (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.

5.77%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Benjamin Franklin Institute of Technology was 5.77%, which represents 15 out of the 260 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

Benjamin Franklin Institute of Technology had a total enrollment of 476 students in 2021. The full-time enrollment at Benjamin Franklin Institute of Technology is 300 students and the part-time enrollment is 176. This means that 63% of students enrolled at Benjamin Franklin Institute of Technology are enrolled full-time.

The enrolled student population at Benjamin Franklin Institute of Technology, both undergraduate and graduate, is 33.8% Black or African American, 23.1% Hispanic or Latino, 16.2% White, 6.51% Asian, 4.62% Two or More Races, 0.63% Native Hawaiian or Other Pacific Islanders, and 0.42% American Indian or Alaska Native.

Students enrolled at Benjamin Franklin Institute of Technology in full-time Undergraduate programs are most commonly Black or African American Male (30.3%), followed by Hispanic or Latino Male (19.7%) and White Male (14%).

Full-Time vs Part-Time Enrollment

63%

Full-Time Enrollment

The total enrollment at Benjamin Franklin Institute of Technology in 2021, both undergraduate and graduate, is 476 students. The full-time enrollment at Benjamin Franklin Institute of Technology is 300 and the part-time enrollment is 176. This means that 63% of students enrolled at Benjamin Franklin Institute of Technology are enrolled full-time compared with 69.7% at similar Special Focus Institutions.

This chart shows the full-time vs part-time enrollment status at Benjamin Franklin Institute of Technology (in red) compares to similar universities.

Retention Rate over Time

20%

2021 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 Benjamin Franklin Institute of Technology was 20%. Compared with the full-time retention rate at similar Special Focus Institutions (69%), Benjamin Franklin Institute of Technology had a retention rate lower than its peers.

This chart shows the retention rate over time at Benjamin Franklin Institute of Technology (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Black or African American
161 enrolled students
Hispanic or Latino
110 enrolled students
White
77 enrolled students

The enrolled student population at Benjamin Franklin Institute of Technology is 33.8% Black or African American, 23.1% Hispanic or Latino, 16.2% White, 6.51% Asian, 4.62% Two or More Races, 0.63% Native Hawaiian or Other Pacific Islanders, and 0.42% 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 Special Focus Institutions is 43.6% White, 18.4% Hispanic or Latino, and 14% 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, 69 students (14.5%) did not report their race.

Graduates

In 2021, 159 fewer women than men received degrees from Benjamin Franklin Institute of Technology. The most common race/ethnicity group of degree recipients at Benjamin Franklin Institute of Technology is black or african american (70 degrees awarded). There were 1.49 times more black or african american recipients than the next closest race/ethnicity group, white (47 degrees).

The most common Associates Degree concentration at Benjamin Franklin Institute of Technology is Automobile Mechanics Technology (27 degrees awarded), followed by Ophthalmic Dispensing Optician (13 degrees) and Biomedical Technology (11 degrees).

In 2021, the most specialized majors across all degree types at Benjamin Franklin Institute of Technology, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Mechanical Technologies (103 degrees awarded), Construction (19 degrees), and Engineering Technologies (39 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Benjamin Franklin Institute of Technology are Software developers (885,306 people), Other managers (410,250 people), Miscellaneous engineers, including nuclear engineers (372,479 people), Civil engineers (274,349 people), and Mechanical engineers (205,394 people).

The most specialized majors at Benjamin Franklin Institute of Technology in 2021 are Mechanical Technologies (103 degrees awarded), Construction (19 degrees), Engineering Technologies (39 degrees), Computer and Information Sciences and Support Services (11 degrees), and Precision Production (2 degrees) (as of 2021).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Benjamin Franklin Institute of Technology are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Physicians, and Architectural & engineering managers

The most specialized majors at Benjamin Franklin Institute of Technology are Mechanical Technologies (103 degrees awarded), Construction (19 degrees), Engineering Technologies (39 degrees), Computer and Information Sciences and Support Services (11 degrees), and Precision Production (2 degrees) (as of 2021).

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 Benjamin Franklin Institute of Technology are Computer Systems Design (955,187 people), Architectural, engineering & related services (453,388 people), Construction (377,774 people), Colleges, universities & professional schools, including junior colleges (238,762 people), and Management, scientific & technical consulting services (187,984 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Benjamin Franklin Institute of Technology.

Most Common (2021)

Automobile Mechanics Technology
27 degree-majors awarded
Ophthalmic Dispensing Optician
13 degree-majors awarded
Biomedical Technology
11 degree-majors awarded

In 2021, the most common associates degree concentration at Benjamin Franklin Institute of Technology was Automobile Mechanics Technology with 27 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Benjamin Franklin Institute of Technology according to their major.

Sex Breakdown for Common Majors

181

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 181 degrees were awarded to men at Benjamin Franklin Institute of Technology, which is 8.23 times more than the number of degrees awarded to females (22).

This chart displays the sex disparity between the top 5 majors at Benjamin Franklin Institute of Technology by degrees awarded.

Most Common Male Majors

In 2021, 59 degrees were awarded to men at Benjamin Franklin Institute of Technology in HVAC Maintenance, which is 59 times more than the 1 female recipients with that same degree.

Most Common Female Majors

In 2021, 10 degrees were awarded to men at Benjamin Franklin Institute of Technology in Ophthalmic Dispensing Optician, which is 3.33 times more than the 3 male recipients with that same degree.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (71.4%)

The student demographic with the highest graduation rate in 2021 at Benjamin Franklin Institute of Technology is Male and Asian (71.4% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (72.9%).

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 (2021)

Black or African American
70 degrees awarded
White
47 degrees awarded
Hispanic or Latino
37 degrees awarded

The most common race/ethnicity at Benjamin Franklin Institute of Technology is black or african american (70 degrees awarded). There were 1.49 times more black or african american recipients than the next closest race/ethnicity group, white (47 degrees).

11.8% of degree recipients (24 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Black or African American Male
62 degrees awarded
White Male
43 degrees awarded
Hispanic or Latino Male
33 degrees awarded

The most common race/ethnicity and sex grouping at Benjamin Franklin Institute of Technology is black or african american male (62 degrees awarded). There were 1.44 times more black or african american male recipients than the next closest race/ethnicity group, white male (43 degrees).

Operations

Benjamin Franklin Institute of Technology has an endowment valued at nearly $440k, as of the end of the 2021 fiscal year. The return on its endowment was of 8.27k (1.88%) compared to the 4.56% average return (574k on 12.6M) across all Special Focus Institutions.

In 2021, Benjamin Franklin Institute of Technology had a total salary expenditure of 14.8M. Benjamin Franklin Institute of Technology employs 9 Instructors, 8 Associate professors and 7 Assistant professors. Most academics at Benjamin Franklin Institute of Technology are Male Instructor (8), Male Associate professor (8), and Male Assistant professor (5).

The most common positions for non-instructional staff at Benjamin Franklin Institute of Technology are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 16 employees, Management, with 6 employees, and Business and Financial Operations with 6 employees.

Endowment

$440k

2021 Endowment

60.3%

growth from 2020

Benjamin Franklin Institute of Technology has an endowment valued at about $440k, as of the end of the 2021 fiscal year. The endowment of Benjamin Franklin Institute of Technology grew 60.3% from the previous year. The value of their endowment was $12.2M lower than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Benjamin Franklin Institute of Technology (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: Other Technology-Related Schools Carnegie Classification grouping.

Salary Expenditure

$6.34M

2021 Salaries

21.3%

decline from 2020

In 2021, Benjamin Franklin Institute of Technology paid a median of $6.34M in salaries, which represents 42.8% of their overall expenditure ($14.8M) and a 21.3% decline from the previous year.

The median for similar Special Focus Institutions is 3.06M (42.8% of overall expenditures).

Instructional Salaries

$1.81M

Instructional Salaries

Number of Employees

In 2021, Benjamin Franklin Institute of Technology paid a total of $1.81M to 29 employees working as instructors, which represents 28.6% of all salaries paid.

This is compared to a median of $871k (28.4%) for similar Special Focus Institutions.

Occupations by Share

Instructor

Most Common Instructor

9 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

16 Employees

In 2021, the most common positions for instructional staff at Benjamin Franklin Institute of Technology were Instructor with 9 employees, Associate professor with 8 employees, and Assistant professor with 7 employees.

In 2021, the most common positions for non-instructional staff at Benjamin Franklin Institute of Technology were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 16 employees, Management with 6 employees, and Business and Financial Operations with 6 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Instructor
Male Associate professor
Male Assistant professor

In 2021, the most common demographic for instructional staff at Benjamin Franklin Institute of Technology was Male Instructor with 8 employees, Male Associate professor with 8 employees, and Male Assistant professor with 5 employees.

This chart shows the sex split between each academic rank present at Benjamin Franklin Institute of Technology.