Franklin University

www.franklin.edu

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2024 Undergraduate Tuition
$9,552
2024 Average Net Price
$25,576
After Financial Aid
2024 Enrolled Students
9,457
46% Full-Time
2024 Graduation Rate
2.88%
3 Graduates

About

Franklin University is a higher education institution located in Franklin County, OH. In 2024, the most popular Bachelors Degree concentrations at Franklin University were General Business Administration & Management (535 degrees awarded), Criminal Justice - Law Enforcement Administration (157 degrees), and General Social Sciences (148 degrees).

In 2024, 2,641 degrees were awarded across all undergraduate and graduate programs at Franklin University. 61% of these degrees were awarded to women, and 39% awarded men. The most common race/ethnicity group of degree recipients was white (1,408 degrees), 2.96 times more than then the next closest race/ethnicity group, black or african american (475 degrees).

The median undergraduate tuition at Franklin University is $9,552, which is $−6,157 less than the national average for Special Focus Institutions ($15,710).

Special Focus Four-Year: Business & Management SchoolsSpecial Focus Institutions

Costs

In 2024, the median undergraduate tuition at Franklin University is $9,552, which is $6,158 less than the national average for Special Focus Institutions ($15,710).

After taking grants and loans into account, the average net price for students is $25,576.

In 2024, 59% of undergraduate students attending Franklin University received financial aid through grants. Comparatively, 41% of undergraduate students received financial aid through loans.

Tuition Costs

$9,552
2024 Undergraduate Tuition

In 2024, the cost of tuition at Franklin University was $9,552. The cost of tuition at Franklin University is $−6,158 less than than the overall (public and private) national average for Special Focus Institutions ($15,710).

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Average Net Price

$25,576
2024 Value
14.9%
1 Year Growth

In 2024 Franklin University had an average net price — the price paid after factoring in grants and loans — of $25,576. Between 2023 and 2024, the average net price of Franklin University grew by 14.9%.

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

$16,380
Room and Board
$576
Books and Supplies

The average yearly cost of room and board at Franklin University was of $16,380 in 2024. The cost of room and board increased by 8.85% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $576. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

59%
Undergraduates Receiving Financial Aid through Grants
41%
Undergraduates Receiving Financial Aid through Loans

59% of undergraduate students at Franklin University received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, when 59% 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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Enrollment

Franklin University had a total enrollment of 9,457 students in 2024. The full-time enrollment at Franklin University is 4,346 students and the part-time enrollment is 5,111. This means that 46% of students enrolled at Franklin University are enrolled full-time.

The enrolled student population at Franklin University, both undergraduate and graduate, is 52.9% White, 21.6% Black or African American, 6.97% Hispanic or Latino, 3.68% Asian, 2.97% Two or More Races, 0.624% American Indian or Alaska Native, and 0.148% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin University in full-time Undergraduate programs are most commonly White Female (35.3%), followed by White Male (21.5%) and Black or African American Female (11.9%). Students enrolled in full-time Graduate programs are most commonly White Female (29.9%), followed by Black or African American Female (18.5%) and White Male (14.4%).

Full-Time vs Part-Time Enrollment

46%
Full-Time Enrollment

The total enrollment at Franklin University in 2024, both undergraduate and graduate, is 9,457 students. The full-time enrollment at Franklin University is 4,346 and the part-time enrollment is 5,111. This means that 46% of students enrolled at Franklin University are enrolled full-time compared with 71.4% 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

36%
2024 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 36%. Compared with the full-time retention rate at similar Special Focus Institutions (75%), 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 (2024)
  1. White
    5,003 enrolled students
  2. Black or African American
    2,038 enrolled students
  3. Hispanic or Latino
    659 enrolled students

The enrolled student population at Franklin University is 52.9% White, 21.6% Black or African American, 6.97% Hispanic or Latino, 3.68% Asian, 2.97% Two or More Races, 0.624% American Indian or Alaska Native, and 0.148% 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 40.5% White, 19.9% Hispanic or Latino, and 15.7% 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, 829 students (8.77%) did not report their race.

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Graduates

In 2024, 583 more women than men received degrees from Franklin University. The most common race/ethnicity group of degree recipients at Franklin University is white (1,408 degrees awarded). There were 2.96 times more white recipients than the next closest race/ethnicity group, black or african american (475 degrees).

The most common Bachelor's Degree concentration at Franklin University is General Business Administration & Management (535 degrees awarded), followed by Criminal Justice - Law Enforcement Administration (157 degrees) and General Social Sciences (148 degrees).

In 2024,  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 (1,390 degrees awarded), Protective Services (204 degrees), and Social Sciences (148 degrees).

Common Jobs by Major

Other managers
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 Other managers (1,110,015 people), Accountants & auditors (1,101,398 people), Software developers (848,408 people), Financial managers (635,776 people), and Chief executives & legislators (551,910 people).

The most specialized majors at Franklin University in 2024 are Business (1,390 degrees awarded), Protective Services (204 degrees), Social Sciences (148 degrees), Computer and Information Sciences and Support Services (254 degrees), and Interdisciplinary Studies (100 degrees) (as of 2024).

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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 University are Surgeons, Physicians, Securities, commodities, & financial services sales agents, Cardiovascular technologists and technicians, and Magnetic resonance imaging technologists

The most specialized majors at Franklin University are Business (1,390 degrees awarded), Protective Services (204 degrees), Social Sciences (148 degrees), Computer and Information Sciences and Support Services (254 degrees), and Interdisciplinary Studies (100 degrees) (as of 2024).

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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 Franklin University are Computer Systems Design (1,362,238 people), Elementary & secondary schools (955,701 people), Colleges, universities & professional schools, including junior colleges (697,165 people), Justice, public order, & safety activities (672,892 people), and Securities, commodities, funds, trusts & other financial investments (628,139 people).

The most specialized majors at Franklin University are Business (1,390 degrees awarded), Protective Services (204 degrees), Social Sciences (148 degrees), Computer and Information Sciences and Support Services (254 degrees), and Interdisciplinary Studies (100 degrees) (as of 2024).

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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 (2024)
  1. Other Accounting & Related Services
    1 degrees awarded
  2. Entrepreneurial Studies
    1 degrees awarded

In 2024, the most common 1 to 2 year postsecondary certificate concentration at Franklin University was Other Accounting & Related Services with 1 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from 1 to 2 year postsecondary certificate programs at Franklin University according to their major.

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Sex Breakdown for Common Majors

1,029
Degrees Awarded to Men
in 2024
1,612
Degrees Awarded to Women
in 2024

In 2024, 1,029 degrees were awarded to men at Franklin University, which is 0.638 times less than the number of degrees awarded to females (1,612).

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

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Most Common Male Majors

In 2024, 367 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 0.687 times less than the 534 female recipients with that same degree.

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Most Common Female Majors

In 2024, 534 degrees were awarded to men at Franklin University in General Business Administration & Management, which is 1.46 times more than the 367 male recipients with that same degree.

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Time to Complete

41%
100% Completion Time
43%
150% Completion Time

In 2024, 41% of students graduating from Franklin University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 43% completed their degrees within 150% of the normal time, and 45% 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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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)
  1. White
    1,408 degrees awarded
  2. Black or African American
    475 degrees awarded
  3. Hispanic or Latino
    201 degrees awarded

The most common race/ethnicity at Franklin University is white (1,408 degrees awarded). There were 2.96 times more white recipients than the next closest race/ethnicity group, black or african american (475 degrees).

7.31% of degree recipients (193 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2024)
  1. White Female
    846 degrees awarded
  2. White Male
    562 degrees awarded
  3. Black or African American Female
    328 degrees awarded

The most common race/ethnicity and sex grouping at Franklin University is white female (846 degrees awarded). There were 1.51 times more white female recipients than the next closest race/ethnicity group, white male (562 degrees).

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Operations

Franklin University has an endowment valued at nearly $11.8M, as of the end of the 2024 fiscal year. The return on its endowment was of 9.44M (80%) compared to the 4.13% average return (558k on 13.5M) across all Special Focus Institutions.

In 2024, Franklin University had a total salary expenditure of 76.9M. Franklin University employs 73 No academic ranks. Most academics at Franklin University are Female No academic rank (44), and Male No academic rank (29).

The most common positions for non-instructional staff at Franklin University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 74 employees, Business and Financial Operations, with 54 employees, and Management with 47 employees.

Endowment

$11.8M
2024 Endowment
9.43%
growth from 2023

Franklin University has an endowment valued at about $11.8M, as of the end of the 2024 fiscal year. The endowment of Franklin University grew 9.43% from the previous year. The value of their endowment was $1.73M 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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Salary Expenditure

$43.2M
2024 Salaries
0%
growth from 2023

In 2024, Franklin University paid a median of $43.2M in salaries, which represents 56.2% of their overall expenditure ($76.9M) and a 0% growth from the previous year.

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Instructional Salaries

$9.06M
Instructional Salaries
73
Number of Employees

In 2024, Franklin University paid a total of $9.06M to 73 employees working as instructors, which represents 21% of all salaries paid.

This is compared to a median of $216k (5.94%) for similar Special Focus Institutions.

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Occupations by Share

In 2024, the most common positions for non-instructional staff at Franklin University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 74 employees, Business and Financial Operations with 54 employees, and Management with 47 employees.

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