Benjamin Franklin Institute of Technology

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2017 Undergraduate Tuition

$16,950

0% growth from 2016

2017 Average Net Price

$14,483

After Financial Aid

2016 Student Loan

19.4%

Default Rate

2017 Enrolled Students

609

79.5% Full-Time

2017 Graduation Rate

47.7%

84 Graduates

About

Benjamin Franklin Institute of Technology is a higher education institution located in Suffolk County, MA. In 2016, the most popular Bachelor's Degree concentrations at Benjamin Franklin Institute of Technology were Automobile Mechanics Technology (10 degrees awarded) and Health Information & Medical Records Technology (6 degrees).

In 2017, 187 degrees were awarded across all undergraduate and graduate programs at Benjamin Franklin Institute of Technology. 11.2% of these degrees were awarded to women, and 88.8% awarded men. The majority of degree recipients were black or african american (58 degrees), 1.02 times more than then the next closest race/ethnicity group, white (57 degrees).

The median undergraduate tuition at Benjamin Franklin Institute of Technology is $16,950, which is $2,950 more than the national average for Special Focus Institutions ($14,000).

Costs

The median undergraduate tuition at Benjamin Franklin Institute of Technology is $16,950, which is $2,950 more than the national average for Special Focus Institutions ($14,000).

After taking grants and loans into account, the average net price for students is $14,483.

In 2017, 80% of undergraduate students received federal grants, while 61% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$16,950

2017 Undergraduate Tuition

In 2017, the cost of tuition at Benjamin Franklin Institute of Technology was $16,950. The cost of tuition at Benjamin Franklin Institute of Technology is $2,950 more than than the overall (public and private) national average for Special Focus Institutions ($14,000).

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Average Net Price

$14,483

2017 Value

14.8%

1 Year Growth

In 2017 Benjamin Franklin Institute of Technology had an average net price — the price paid after factoring in grants and loans — of $14,483. Between 2016 and 2017, the average net price of Benjamin Franklin Institute of Technology grew by 14.8%.

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.

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Other Student Expenses

$10,925

Room and Board

$900

Books and Supplies

The average yearly cost of room and board at Benjamin Franklin Institute of Technology was of $10,925 in 2017. During the same period, the average yearly cost of books and supplies was $900. The cost of room and board increased by 2.1% between 2016 and 2017. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

80%

Of Undergraduates Receive Grants

61%

Of Undergraduates Receive Federal Loans

80% of undergraduate students at Benjamin Franklin Institute of Technology received grants or loans in 2017. This represents a growth of 5.26% with respect to 2016, when 76% 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.

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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.

19.4%

2016 Default Rate

55

Number of Defaults

In 2016 the default rate for borrower's at Benjamin Franklin Institute of Technology was 19.4%, which represents 55 out of the 283 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.

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Enrollment

Benjamin Franklin Institute of Technology has a total enrollment of 609 students. The full-time enrollment at Benjamin Franklin Institute of Technology is 484 students and the part-time enrollment is 125. This means that 79.5% 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 27.8% Black or African American, 25.5% Hispanic or Latino, 23.6% White, 11% Asian, 2.79% Two or More Races, 1.81% Native Hawaiian or Other Pacific Islanders, and 0.493% American Indian or Alaska Native.

Students enrolled at Benjamin Franklin Institute of Technology in full-time Undergraduate programs are majority Black or African American Male (22.7%), followed by Hispanic or Latino Male (21.5%) and White Male (20.9%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

79.5%

Full-Time Enrollment

The total enrollment at Benjamin Franklin Institute of Technology, both undergraduate and graduate, is 609 students. The full-time enrollment at Benjamin Franklin Institute of Technology is 484 and the part-time enrollment is 125. This means that 79.5% of students enrolled at Benjamin Franklin Institute of Technology are enrolled full-time compared with 71.1% 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.

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Retention Rate over Time

N/A%

N/A 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 N/A%. Compared with the full-time retention rate at similar Special Focus Institutions (71%), Benjamin Franklin Institute of Technology had a retention rate approximately the same as its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. Black or African American

    169

  2. Hispanic or Latino

    155

  3. White

    144

The enrolled student population at Benjamin Franklin Institute of Technology is 27.8% Black or African American, 25.5% Hispanic or Latino, 23.6% White, 11% Asian, 2.79% Two or More Races, 1.81% Native Hawaiian or Other Pacific Islanders, and 0.493% 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 44.7% White, 15.6% Hispanic or Latino, and 15.5% Black or African American.

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Graduates

In 2017, 145 fewer women than men received degrees from Benjamin Franklin Institute of Technology. The majority of degree recipients at Benjamin Franklin Institute of Technology are black or african american (58 degrees awarded). There were 1.02 times more black or african american graduates than the next closest race/ethnicity group, white (57 degrees).

The most common Bachelor's Degree concentration at Benjamin Franklin Institute of Technology is Automobile Mechanics Technology (10 degrees awarded), followed by Health Information & Medical Records Technology (6 degrees) and N/A.

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 (91 degrees awarded), Construction (27 degrees), and Engineering Technologies (46 degrees).

Workforce

Common Jobs by Major

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 Registered nurses (1,373,596 people), Accountants & auditors (1,091,873 people), Other managers (656,168 people), Financial managers (418,832 people), and Chief executives & legislators (324,065 people).

The most specialized majors at Benjamin Franklin Institute of Technology are Mechanical Technologies (91 degrees awarded), Construction (27 degrees), Engineering Technologies (46 degrees), Health (16 degrees), and Business (7 degrees).

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Highest Paying Jobs by Major

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 Physicians, Public relations specialists, Surgeons, Podiatrists, and Marketing managers

The most specialized majors at Benjamin Franklin Institute of Technology are Mechanical Technologies (91 degrees awarded), Construction (27 degrees), Engineering Technologies (46 degrees), Health (16 degrees), and Business (7 degrees).

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Common Industries by Major

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 General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,691,539 people), Elementary & secondary schools (626,604 people), Banking & related activities (480,840 people), Computer Systems Design (447,899 people), and Colleges, universities & professional schools, including junior colleges (421,551 people).

The most specialized majors at Benjamin Franklin Institute of Technology are Mechanical Technologies (91 degrees awarded), Construction (27 degrees), Engineering Technologies (46 degrees), Health (16 degrees), and Business (7 degrees).

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Degrees

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

  1. 10 degrees awarded

  2. 6 degrees awarded

  3. N/A

    N/A degrees awarded

In 2017, the most common bachelors degree concentration at Benjamin Franklin Institute of Technology was Automobile Mechanics Technology with 10 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 166

  2. 21

In 2017, 166 degrees were awarded to men at Benjamin Franklin Institute of Technology, which is 7.9 times more than the number of degrees awarded to females (21).

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

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Most Common Male Majors

In 2017, 54 degrees were awarded to men at Benjamin Franklin Institute of Technology in Automobile Mechanics Technology, which is 18 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2017, 6 degrees were awarded to women at Benjamin Franklin Institute of Technology in Ophthalmic Dispensing Optician, which is 2 times more than the 3 male recipients with that same degree.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (85.7%)

The student demographic with the highest graduation rate at Benjamin Franklin Institute of Technology is Male and Asian (85.7% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (68.1%).

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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 7.14% of graduates (6 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. Black or African American

    58 degrees awarded

  2. White

    57 degrees awarded

  3. Hispanic or Latino

    39 degrees awarded

The most common race/ethnicity at Benjamin Franklin Institute of Technology is black or african american (58 degrees awarded). There were 1.02 times more black or african american recipients than the next closest race/ethnicity group, white (57 degrees).

5.88% of degree recipients (11 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. Black or African American Male

    52 degrees awarded

  2. White Male

    52 degrees awarded

  3. Hispanic or Latino Male

    34 degrees awarded

The most common race/ethnicity and gender grouping at Benjamin Franklin Institute of Technology is black or african american male (52 degrees awarded). There were 1 times more black or african american male recipients than the next closest race/ethnicity group, white male (52 degrees).

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Operations

Benjamin Franklin Institute of Technology has an endowment valued at nearly $3.51M, as of the end of the 2017 fiscal year. The return on its endowment was of $400k (11.4%), compared to the 2.38% average return ($240k on $10.1M) across all Special Focus Institutions.

In 2017, Benjamin Franklin Institute of Technology had a total salary expenditure of $11.4M. Benjamin Franklin Institute of Technology employs 12 Assistant professors, 10 Instructors, and 9 Professors. Most academics at Benjamin Franklin Institute of Technology are Male Assistant professors (9), Male Instructors(8), and Male Associate professors (6).

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 23 employees, Management, with 14 employees, and Service with 5 employees.

Finances

Endowment

$3.51M

2017 Endowment

15.5%

decline from 2016

Benjamin Franklin Institute of Technology has an endowment valued at about $3.51M, as of the end of the 2017 fiscal year. The endowment of Benjamin Franklin Institute of Technology declined 15.5% from the previous year. The value of their endowment was $6.59M 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.

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Government Grants and Contracts

Grants & Contracts

  1. $460k - Federal

  2. $46.4k - State

  3. $0 - Local

As of 2017, Benjamin Franklin Institute of Technology received $460k in grants and contracts from the federal government, $46.4k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$6M

2017 Salaries

6.06%

growth from 2016

In 2017, Benjamin Franklin Institute of Technology paid a median of $6M in salaries, which represents 52.6% of their overall expenditure ($11.4M) and a 6.06% growth from the previous year. This is compared to a 0.768% growth from 2015 and a 9.75% growth from 2014.

The median for similar Special Focus Institutions is 2.59M (39.4% of overall expenditures).

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Instructional Salaries

$2.14M

Instructional Salaries

37

Number of Employees

In 2017, Benjamin Franklin Institute of Technology paid a total of $2.14M to 37 employees working as instructors, which represents 35.7% of all salaries paid.

This is compared to a median of $1.24M (27.5%) for similar Special Focus Four-Year: Other Technology-Related Schools.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

12 Employees

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

Most Common Non-Instructional Employee

23 Employees

In 2017, the most common positions for instructional staff at Benjamin Franklin Institute of Technology were Assistant professor with 12 employees; Instructor with 10 employees; and Instructor with 9 employees.

In 2017, 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 23 employees; Management with 14 employees; and Service with 5 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Assistant professor

  2. Male Instructor

  3. Male Associate professor

In 2017, the most common demographic for instructional staff at Benjamin Franklin Institute of Technology was Male Assistant professor with 9 employees, Male Instructor with 8 employees, and Male Associate professor with 6 employees.

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

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