Franklin and Marshall College

www.fandm.edu/

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2020 Undergraduate Tuition

$60,872

3.85% growth from 2019

2020 Average Net Price

$28,038

After Financial Aid

2018 Student Loan

1.81%

Default Rate

2020 Acceptance Rate

36.5%

9,062 Applicants

2020 Enrolled Students

2,254

99.2% Full-Time

2020 Graduation Rate

85.3%

503 Graduates

About

Franklin and Marshall College is a higher education institution located in Lancaster County, PA. In 2020, the most popular Bachelor's Degree concentrations at Franklin and Marshall College were Other Multidisciplinary Studies (112 degrees awarded), General Economics (62 degrees), and General Business Administration & Management (52 degrees).

In 2020, 680 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 56.2% of these degrees were awarded to women, and 43.8% awarded men. The most common race/ethnicity group of degree recipients was white (382 degrees), 6.16 times more than then the next closest race/ethnicity group, hispanic or latino (62 degrees).

The median undergraduate tuition at Franklin and Marshall College is $60,872, which is $32,472 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Franklin and Marshall College is $60,872, which is $32,472 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $28,038.

In 2020, 63% of undergraduate students attending Franklin and Marshall College received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$60,872

2020 Undergraduate Tuition

In 2020, the cost of tuition at Franklin and Marshall College was $60,872. The cost of tuition at Franklin and Marshall College is $32,472 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

Average Net Price

$28,038

2020 Value

3.45%

1 Year Growth

In 2020 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $28,038. Between 2019 and 2020, the average net price of Franklin and Marshall College grew by 3.45%.

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 2020. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 2.85% between 2019 and 2020. 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

63%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

63% of undergraduate students at Franklin and Marshall College received financial aid through grants or loans in 2020. This represents a growth of 8.62% with respect to 2019, when 58% 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.

1.81%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Franklin and Marshall College was 1.81%, which represents 6 out of the 332 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 9,062 undergraduate applications in 2020, which represents a 4.63% annual decline. Out of those 9,062 applicants, 3,308 students were accepted for enrollment, representing a 36.5% acceptance rate.

There were 2,254 students enrolled at Franklin and Marshall College in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 16.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

36.5%

Acceptance Rate in 2020

3,308

Accepted Out of 9,062

In 2020, the undergraduate acceptance rate of Franklin and Marshall College was 36.5% (3,308 admissions from 9,062 applications). This is higher than the acceptance rate of 2019, which was 30.4%. Between 2019 and 2020, the number of applicants declined by −4.63%, while admissions grew by 14.5%.

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

SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Franklin and Marshall College in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Franklin and Marshall College has a total enrollment of 2,254 students. The full-time enrollment at Franklin and Marshall College is 2,236 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 55.8% White, 11.4% Hispanic or Latino, 7.05% Black or African American, 4.3% Asian, 2.93% Two or More Races, 0.0887% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are most commonly White Female (30.8%), followed by White Male (24.9%) and Hispanic or Latino Female (6.89%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

99.2%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College, both undergraduate and graduate, is 2,254 students. The full-time enrollment at Franklin and Marshall College is 2,236 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 80.1% 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

84%

2020 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 84%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), 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

White
1,257
Hispanic or Latino
256
Black or African American
159

The enrolled student population at Franklin and Marshall College is 55.8% White, 11.4% Hispanic or Latino, 7.05% Black or African American, 4.3% Asian, 2.93% Two or More Races, 0.0887% American Indian or Alaska Native, and 0% 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 Baccalaureate Colleges is 54.8% White, 13.8% 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, 38 students (1.69%) did not report their race.

Graduates

In 2020, 84 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 (382 degrees awarded). There were 6.16 times more white graduates than the next closest race/ethnicity group, hispanic or latino (62 degrees).

The most common Bachelor's Degree concentration at Franklin and Marshall College is Other Multidisciplinary Studies (112 degrees awarded), followed by General Economics (62 degrees) and General Business Administration & Management (52 degrees).

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 Interdisciplinary Studies (161 degrees awarded), Language & Linguistics (30 degrees), and Cultural & Gender Studies (14 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 (330,200 people), Other managers (262,911 people), Elementary & middle school teachers (224,263 people), Postsecondary teachers (172,144 people), and Chief executives & legislators (121,637 people).

The most specialized majors at Franklin and Marshall College are Interdisciplinary Studies (161 degrees awarded), Language & Linguistics (30 degrees), Cultural & Gender Studies (14 degrees), Social Sciences (147 degrees), and Math & Statistics (36 degrees).

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, Securities, commodities, & financial services sales agents, Physicians, Nuclear medicine technologists and medical dosimetrists, and Sales engineers

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 (481,168 people), Colleges, universities & professional schools, including junior colleges (350,349 people), Legal services (265,734 people), Computer Systems Design (228,440 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (215,547 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

Other Multidisciplinary Studies
112 degree-majorss awarded
General Economics
62 degree-majorss awarded
General Business Administration & Management
52 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Franklin and Marshall College was Other Multidisciplinary Studies with 112 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

298

Degrees Awarded to Men

in 2020

382

Degrees Awarded to Women

in 2020

In 2020, 298 degrees were awarded to men at Franklin and Marshall College, which is 0.78 times less than the number of degrees awarded to females (382).

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

Most Common Male Majors

In 2020, 47 degrees were awarded to men at Franklin and Marshall College in General Economics, which is 3.13 times more than the 15 female recipients with that same degree.

Most Common Female Majors

In 2020, 69 degrees were awarded to women at Franklin and Marshall College in Other Multidisciplinary Studies, which is 1.6 times more than the 43 male recipients with that same degree.

Time to Complete

78%

100% Completion Time

83%

150% Completion Time

In 2020, 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, 83% completed their degrees within 150% of the normal time, and 84% 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.

White Female

Highest Graduation Rate (93.8%)

The student demographic with the highest graduation rate at Franklin and Marshall College is Female and White (93.8% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 2.19% of graduates (11 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
382 degrees awarded
Hispanic or Latino
62 degrees awarded
Asian
33 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (382 degrees awarded). There were 6.16 times more white recipients than the next closest race/ethnicity group, hispanic or latino (62 degrees).

4.71% of degree recipients (32 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
208 degrees awarded
White Male
174 degrees awarded
Hispanic or Latino Female
38 degrees awarded

The most common race/ethnicity and sex grouping at Franklin and Marshall College is white female (208 degrees awarded). There were 1.2 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 $380M, as of the end of the 2020 fiscal year. The return on its endowment was of $4.68M (1.23%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Franklin and Marshall College had a total salary expenditure of $135M. Franklin and Marshall College employs 82 Professors, 75 Assistant professors, and 71 Associate professors. Most academics at Franklin and Marshall College are Male Professors (52), Male Assistant professors(39), and Female Associate professors (38).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 115 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 78 employees, and Office and Administrative Support with 76 employees.

Endowment

$380M

2020 Endowment

2.11%

decline from 2019

Franklin and Marshall College has an endowment valued at about $380M, as of the end of the 2020 fiscal year. The endowment of Franklin and Marshall College declined 2.11% from the previous year. The value of their endowment was $340M 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

$3.27M - Federal
$24.4k - State
$196k - Local

As of 2020, Franklin and Marshall College received $3.27M in grants and contracts from the federal government, $24.4k from state grants and contracts, and $196k from local grants and contracts.

Salary Expenditure

$60.1M

2020 Salaries

1.81%

decline from 2019

In 2020, Franklin and Marshall College paid a median of $60.1M in salaries, which represents 44.6% of their overall expenditure ($135M) and a 1.81% decline from the previous year. This is compared to a 4.06% growth from 2018 and a 3.58% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

Instructional Salaries

$23.2M

Instructional Salaries

251

Number of Employees

In 2020, Franklin and Marshall College paid a total of $23.2M to 251 employees working as instructors, which represents 38.5% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

82 Employees

Business and Financial Operations

Most Common Non-Instructional Employee

115 Employees

In 2020, the most common positions for instructional staff at Franklin and Marshall College were Professor with 82 employees; Assistant professor with 75 employees; and Assistant professor with 71 employees.

In 2020, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 115 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 78 employees; and Office and Administrative Support with 76 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Male Professor
Male Assistant professor
Female Associate professor

In 2020, the most common demographic for instructional staff at Franklin and Marshall College was Male Professor with 52 employees, Male Assistant professor with 39 employees, and Female Associate professor with 38 employees.

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