Franklin and Marshall College

www.fandm.edu/

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2021 Undergraduate Tuition

$63,216

3.85% growth from 2020

2021 Average Net Price

$26,316

After Financial Aid

2019 Student Loan

1.13%

Default Rate

2021 Acceptance Rate

37.5%

7,720 Applicants

2021 Enrolled Students

2,145

99.2% Full-Time

2021 Graduation Rate

82.8%

490 Graduates

About

Franklin and Marshall College is a higher education institution located in Lancaster County, PA. In 2021, the most popular Bachelors Degree concentrations at Franklin and Marshall College were Other Multidisciplinary Studies (104 degrees awarded), General Business Administration & Management (64 degrees), and General Economics (53 degrees).

In 2021, 699 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 59.7% of these degrees were awarded to women, and 40.3% awarded men. The most common race/ethnicity group of degree recipients was white (401 degrees), 4.72 times more than then the next closest race/ethnicity group, hispanic or latino (85 degrees).

The median undergraduate tuition at Franklin and Marshall College is $63,216, which is $34,711 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Franklin and Marshall College is $63,216, which is $34,711 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $26,316.

In 2021, 65% of undergraduate students attending Franklin and Marshall College received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Tuition Costs

$63,216

2021 Undergraduate Tuition

In 2021, the cost of tuition at Franklin and Marshall College was $63,216. The cost of tuition at Franklin and Marshall College is $34,711 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

This chart compares the tuition costs of Franklin and Marshall College (in red) with those of other similar universities.

Average Net Price

$26,316

2021 Value

6.14%

1 Year Growth

In 2021 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $26,316. Between 2020 and 2021, the average net price of Franklin and Marshall College grew by 6.14%.

This chart compares the average net price of Franklin and Marshall College (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

$14,450

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $14,450 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 $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Franklin and Marshall College (in red) with that of similar universities.

Financial Aid by Income Level

65%

Undergraduates Receiving Financial Aid through Grants

46%

Undergraduates Receiving Financial Aid through Loans

65% of undergraduate students at Franklin and Marshall College received financial aid through grants or loans in 2021. This represents a growth of 3.17% with respect to 2020, when 63% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin and Marshall College (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.

1.13%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Franklin and Marshall College was 1.13%, which represents 4 out of the 354 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.

Admissions

Franklin and Marshall College received 7,720 undergraduate applications in 2021, which represents a 14.8% annual growth. Out of those 7,720 applicants, 2,898 students were accepted for enrollment, representing a 37.5% acceptance rate.

There were 2,145 students enrolled at Franklin and Marshall College in 2021.

Franklin and Marshall College has an overall enrollment yield of 17.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

37.5%

Acceptance Rate in 2021

2,898

Accepted Out of 7,720

In 2021, the undergraduate acceptance rate of Franklin and Marshall College was 37.5% (2,898 admissions from 7,720 applications). This is higher than the acceptance rate of 2020, which was 36.5%. Between 2020 and 2021, the number of applicants grew by 14.8%, while admissions declined by −12.4%..

This chart compares the acceptance rate of Franklin and Marshall College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

Enrollment

Franklin and Marshall College had a total enrollment of 2,145 students in 2021. The full-time enrollment at Franklin and Marshall College is 2,127 students and the part-time enrollment is 18. This means that 99.2% of students enrolled at Franklin and Marshall College are enrolled full-time.

The enrolled student population at Franklin and Marshall College, both undergraduate and graduate, is 56% White, 10.2% Hispanic or Latino, 6.29% Black or African American, 4.43% Asian, 3.08% Two or More Races, and 0.14% American Indian or Alaska Native.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are most commonly White Female (30.8%), followed by White Male (25.1%) and Hispanic or Latino Female (6.25%).

Full-Time vs Part-Time Enrollment

99.2%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College in 2021, both undergraduate and graduate, is 2,145 students. The full-time enrollment at Franklin and Marshall College is 2,127 and the part-time enrollment is 18. This means that 99.2% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Franklin and Marshall College (in red) compares to similar universities.

Retention Rate over Time

91%

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 Franklin and Marshall College was 91%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Franklin and Marshall College had a retention rate higher than its peers.

This chart shows the retention rate over time at Franklin and Marshall College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,202 enrolled students
Hispanic or Latino
218 enrolled students
Black or African American
135 enrolled students

The enrolled student population at Franklin and Marshall College is 56% White, 10.2% Hispanic or Latino, 6.29% Black or African American, 4.43% Asian, 3.08% Two or More Races, and 0.14% 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 Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

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, 35 students (1.63%) did not report their race.

Graduates

In 2021, 135 more women than men received degrees from Franklin and Marshall College. The most common race/ethnicity group of degree recipients at Franklin and Marshall College is white (401 degrees awarded). There were 4.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (85 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is Other Multidisciplinary Studies (104 degrees awarded), followed by General Business Administration & Management (64 degrees) and General Economics (53 degrees).

In 2021, the most specialized majors across all degree types at Franklin and Marshall College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Cultural & Gender Studies (21 degrees awarded), Interdisciplinary Studies (145 degrees), and Social Sciences (156 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Lawyers, & judges, magistrates, & other judicial workers (341,409 people), Other managers (316,075 people), Postsecondary teachers (226,890 people), Elementary & middle school teachers (205,175 people), and Software developers (144,038 people).

The most specialized majors at Franklin and Marshall College in 2021 are Cultural & Gender Studies (21 degrees awarded), Interdisciplinary Studies (145 degrees), Social Sciences (156 degrees), Physical Sciences (35 degrees), and Math & Statistics (34 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Surgeons, Media and communication workers, all other, Securities, commodities, & financial services sales agents, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Franklin and Marshall College are Cultural & Gender Studies (21 degrees awarded), Interdisciplinary Studies (145 degrees), Social Sciences (156 degrees), Physical Sciences (35 degrees), and Math & Statistics (34 degrees) (as of 2021).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Elementary & secondary schools (480,394 people), Colleges, universities & professional schools, including junior colleges (446,827 people), Computer Systems Design (282,732 people), Legal services (273,561 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (270,020 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Franklin and Marshall College.

Most Common (2021)

Other Multidisciplinary Studies
104 degrees awarded
General Business Administration & Management
64 degrees awarded
General Economics
53 degrees awarded

In 2021, the most common bachelors degree concentration at Franklin and Marshall College was Other Multidisciplinary Studies with 104 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Franklin and Marshall College according to their major.

Sex Breakdown for Common Majors

282

Degrees Awarded to Men

in 2021

417

Degrees Awarded to Women

in 2021

In 2021, 282 degrees were awarded to men at Franklin and Marshall College, which is 0.676 times less than the number of degrees awarded to females (417).

This chart displays the sex disparity between the top 5 majors at Franklin and Marshall College by degrees awarded.

Most Common Male Majors

In 2021, 42 degrees were awarded to men at Franklin and Marshall College in General Business Administration & Management, which is 1.91 times more than the 22 female recipients with that same degree.

Most Common Female Majors

In 2021, 69 degrees were awarded to men at Franklin and Marshall College in Other Multidisciplinary Studies, which is 1.97 times more than the 35 male recipients with that same degree.

Time to Complete

78%

100% Completion Time

85%

150% Completion Time

In 2021, 78% of students graduating from Franklin and Marshall College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 85% completed their degrees within 150% of the normal time, and 85% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Franklin and Marshall College is Male and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, 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.

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, 9.59% of graduates (47 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
401 degrees awarded
Hispanic or Latino
85 degrees awarded
Black or African American
51 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (401 degrees awarded). There were 4.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (85 degrees).

2.29% of degree recipients (16 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
227 degrees awarded
White Male
174 degrees awarded
Hispanic or Latino Female
46 degrees awarded

The most common race/ethnicity and sex grouping at Franklin and Marshall College is white female (227 degrees awarded). There were 1.3 times more white female recipients than the next closest race/ethnicity group, white male (174 degrees).

Operations

Franklin and Marshall College has an endowment valued at nearly $502M, as of the end of the 2021 fiscal year. The return on its endowment was of 135M (26.9%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Franklin and Marshall College had a total salary expenditure of 130M. Franklin and Marshall College employs 81 Professors, 71 Associate professors and 58 Assistant professors. Most academics at Franklin and Marshall College are Male Professor (53), Female Associate professor (37), and Male Associate professor (34).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 111 employees, Service, with 72 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 71 employees.

Endowment

$502M

2021 Endowment

32.3%

growth from 2020

Franklin and Marshall College has an endowment valued at about $502M, as of the end of the 2021 fiscal year. The endowment of Franklin and Marshall College grew 32.3% from the previous year. The value of their endowment was $450M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin and Marshall College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$4.54M - Federal
$111k - State
$209k - Local

As of 2021, Franklin and Marshall College received $4.54M in grants and contracts from the federal government, $111k from state grants and contracts, and $209k from local grants and contracts.

Salary Expenditure

$56.9M

2021 Salaries

5.3%

decline from 2020

In 2021, Franklin and Marshall College paid a median of $56.9M in salaries, which represents 43.7% of their overall expenditure ($130M) and a 5.3% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$21.3M

Instructional Salaries

233

Number of Employees

In 2021, Franklin and Marshall College paid a total of $21.3M to 233 employees working as instructors, which represents 37.3% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

81 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

111 Employees

In 2021, the most common positions for instructional staff at Franklin and Marshall College were Professor with 81 employees, Associate professor with 71 employees, and Assistant professor with 58 employees.

In 2021, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 111 employees, Service with 72 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 71 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Associate professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Franklin and Marshall College was Male Professor with 53 employees, Female Associate professor with 37 employees, and Male Associate professor with 34 employees.

This chart shows the sex split between each academic rank present at Franklin and Marshall College.