Franklin University

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2019 Undergraduate Tuition
$9,552
24.3% growth from 2018
2019 Average Net Price
$12,459
After Financial Aid
2017 Student Loan
7.41%
Default Rate
2019 Enrolled Students
6,031
44.3% Full-Time
2018 Graduation Rate
30%
3 Graduates

About

Franklin University is a higher education institution located in Franklin County, OH. In 2016, the most popular Bachelor's Degree concentrations at Franklin University were General Business Administration & Management (292 degrees awarded), Accounting (148 degrees), and General Human Resources Management & Personnel Administration (73 degrees).

In 2019, 1,925 degrees were awarded across all undergraduate and graduate programs at Franklin University. 55.3% of these degrees were awarded to women, and 44.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,017 degrees), 2.77 times more than then the next closest race/ethnicity group, unknown (367 degrees).

The median undergraduate tuition at Franklin University is $9,552, which is $-4,948 less than the national average for Special Focus Institutions ($14,500).

Costs

The median undergraduate tuition at Franklin University is $9,552, which is $-4,948 less than the national average for Special Focus Institutions ($14,500).

After taking grants and loans into account, the average net price for students is $12,459.

In 2019, 47% of undergraduate students received federal grants, while 55% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$9,552
2019 Undergraduate Tuition

In 2019, the cost of tuition at Franklin University was $9,552. The cost of tuition at Franklin University is $-4,948 less than than the overall (public and private) national average for Special Focus Institutions ($14,500).

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

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Average Net Price

$12,459
2019 Value
33.3%
1 Year Growth

In 2019 Franklin University had an average net price — the price paid after factoring in grants and loans — of $12,459. Between 2018 and 2019, the average net price of Franklin University grew by 33.3%.

This chart compares the average net price of Franklin University (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

$12,339
Room and Board
$1,080
Books and Supplies

The average yearly cost of room and board at Franklin University was of $12,339 in 2019. During the same period, the average yearly cost of books and supplies was $1,080. The cost of room and board decreased by 14.3% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

47%
Of Undergraduates Receive Grants
55%
Of Undergraduates Receive Federal Loans

47% of undergraduate students at Franklin University received grants or loans in 2019. This represents a growth of 2.17% with respect to 2018, when 46% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin University (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.
7.41%
2017 Default Rate
176
Number of Defaults

In 2017 the default rate for borrower's at Franklin University was 7.41%, which represents 176 out of the 2375 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

Franklin University has a total enrollment of 6,031 students. The full-time enrollment at Franklin University is 2,669 students and the part-time enrollment is 3,362. This means that 44.3% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 53.3% White, 16.3% Black or African American, 2.3% Asian, 2.24% Two or More Races, 1.72% Hispanic or Latino, 1.19% American Indian or Alaska Native, and 0.0663% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are most commonly White Female (30.5%), followed by White Male (23.8%) and Black or African American Male (7.85%). Students enrolled in full-time Graduate programs are most commonly White Female (23.3%), followed by Black or African American Female (13.8%) and White Male (13.2%).

Full-Time vs Part-Time Enrollment

44.3%
Full-Time Enrollment

The total enrollment at Franklin University, both undergraduate and graduate, is 6,031 students. The full-time enrollment at Franklin University is 2,669 and the part-time enrollment is 3,362. This means that 44.3% of students enrolled at Franklin University are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

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

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Retention Rate over Time

47%
2019 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 University was 47%. Compared with the full-time retention rate at similar Special Focus Institutions (72%), Franklin University had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    3,212
  2. Black or African American
    983
  3. Asian
    139

The enrolled student population at Franklin University is 53.3% White, 16.3% Black or African American, 2.3% Asian, 2.24% Two or More Races, 1.72% Hispanic or Latino, 1.19% American Indian or Alaska Native, and 0.0663% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 44.8% White, 15.6% Hispanic or Latino, and 14.5% 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, 1,333 students (22.1%) did not report their race.

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Graduates

In 2019, 203 more women than men received degrees from Franklin University. The most common race/ethnicity group of degree recipients at Franklin University is white (1,017 degrees awarded). There were 2.77 times more white graduates than the next closest race/ethnicity group, unknown (367 degrees).

The most common Bachelor's Degree concentration at Franklin University is General Business Administration & Management (292 degrees awarded), followed by Accounting (148 degrees) and General Human Resources Management & Personnel Administration (73 degrees).

The most specialized majors across all degree types at Franklin University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (1,304 degrees awarded), Computer and Information Sciences and Support Services (126 degrees), and Psychology (81 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 Franklin University are Accountants & auditors (1,018,250 people), Other managers (876,280 people), Software developers (641,772 people), Financial managers (525,637 people), and Chief executives & legislators (422,273 people).

The most specialized majors at Franklin University are Business (1,304 degrees awarded), Computer and Information Sciences and Support Services (126 degrees), Psychology (81 degrees), Public Administration and Social Service (36 degrees), and Protective Services (42 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 Franklin University are Surgeons, Computer hardware engineers, Physicians, Public relations specialists, and Architectural & engineering managers

The most specialized majors at Franklin University are Business (1,304 degrees awarded), Computer and Information Sciences and Support Services (126 degrees), Psychology (81 degrees), Public Administration and Social Service (36 degrees), and Protective Services (42 degrees).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin University are Computer Systems Design (1,029,407 people), Elementary & secondary schools (895,220 people), Colleges, universities & professional schools, including junior colleges (584,649 people), Justice, public order, & safety activities (571,255 people), and Banking & related activities (569,111 people).

The most specialized majors at Franklin University are Business (1,304 degrees awarded), Computer and Information Sciences and Support Services (126 degrees), Psychology (81 degrees), Public Administration and Social Service (36 degrees), and Protective Services (42 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 Franklin University.
Most Common
  1. 292 degree-majorss awarded
  2. 148 degree-majorss awarded
  3. 73 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Franklin University was General Business Administration & Management with 292 degrees awarded.

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

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Gender Breakdown for Common Majors

861
Degrees Awarded to Men
in 2019
1,064
Degrees Awarded to Women
in 2019

In 2019, 861 degrees were awarded to men at Franklin University, which is 0.809 times less than the number of degrees awarded to females (1,064).

This chart displays the gender disparity between the top 5 majors at Franklin University by degrees awarded.

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Most Common Male Majors

In 2019, 335 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.896 times less than the 374 female recipients with that same degree.

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Most Common Female Majors

In 2019, 374 degrees were awarded to women at Franklin University in General Business Administration & Management, which is 1.12 times more than the 335 male recipients with that same degree.

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Time to Complete

11%
100% Completion Time
17%
150% Completion Time

In 2019, 11% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 17% completed their degrees within 150% of the normal time, and 17% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
Black or African American Male
Highest Graduation Rate (75%)

The student demographic with the highest graduation rate at Franklin University is Male and Black or African American (75% graduation rate). Across all Special Focus Institutions, Asian Female students have the highest graduation rate (69.1%).

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, 0% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,017 degrees awarded
  2. Unknown
    367 degrees awarded
  3. Black or African American
    326 degrees awarded

The most common race/ethnicity at Franklin University is white (1,017 degrees awarded). There were 2.77 times more white recipients than the next closest race/ethnicity group, unknown (367 degrees).

19.1% of degree recipients (367 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Female
    588 degrees awarded
  2. White Male
    429 degrees awarded
  3. Black or African American Female
    165 degrees awarded

The most common race/ethnicity and gender grouping at Franklin University is white female (588 degrees awarded). There were 1.37 times more white female recipients than the next closest race/ethnicity group, white male (429 degrees).

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Operations

Franklin University has an endowment valued at nearly $7.23M, as of the end of the 2019 fiscal year. The return on its endowment was of $7.09M (98%), compared to the 2.77% average return ($279k on $10.1M) across all Special Focus Institutions.

In 2019, Franklin University had a total salary expenditure of $71.9M. Franklin University employs 74 No academic ranks, 0 N/A, and 0 N/A. Most academics at Franklin University are Male No academic ranks (39), Female No academic ranks(35), and N/A (0).

The most common positions for non-instructional staff at Franklin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 104 employees, Business and Financial Operations, with 55 employees, and Office and Administrative Support with 51 employees.

Finances

Endowment

$7.23M
2019 Endowment
6.6%
growth from 2018

Franklin University has an endowment valued at about $7.23M, as of the end of the 2019 fiscal year. The endowment of Franklin University grew 6.6% from the previous year. The value of their endowment was $2.87M lower than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin University (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: Business & Management Schools Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $7.18M - Federal
  2. $0 - State
  3. $0 - Local

As of 2019, Franklin University received $7.18M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$38.5M
2019 Salaries
25.2%
growth from 2018

In 2019, Franklin University paid a median of $38.5M in salaries, which represents 53.6% of their overall expenditure ($71.9M) and a 25.2% growth from the previous year. This is compared to a 1.65% growth from 2017 and a 9.94% decline from 2016.

The median for similar Special Focus Institutions is 2.89M (42.3% of overall expenditures).

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Instructional Salaries

$7.27M
Instructional Salaries
74
Number of Employees

In 2019, Franklin University paid a total of $7.27M to 74 employees working as instructors, which represents 18.9% of all salaries paid.

This is compared to a median of $857k (29.6%) for similar Special Focus Institutions.

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Faculty and Staff

Occupations by Share

No academic rank
Most Common Instructor
74 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
104 Employees

In 2019, the most common positions for instructional staff at Franklin University were No academic rank with 74 employees; false with 0 employees; and false with 0 employees.

In 2019, the most common positions for non-instructional staff at Franklin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 104 employees; Business and Financial Operations with 55 employees; and Office and Administrative Support with 51 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male No academic rank
  2. Female No academic rank
  3. false

In 2019, the most common demographic for instructional staff at Franklin University was Male No academic rank with 39 employees, Female No academic rank with 35 employees, and false with 0 employees.

This chart shows the gender split between each academic rank present at Franklin University.

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