Franklin College of Indiana vs. MLC

Comparable Facts

Compare Franklin College in Franklin, IN with Martin Luther College in New Ulm, MN on tuition, admissions, graduation, earnings, and student body data using the table above.

Franklin College is larger than MLC based on total student enrollment (985 students vs. 878 students)

Location, institution type, and student-faculty ratio

• Franklin College is located in Franklin, IN (Large Suburban setting); Martin Luther College is in New Ulm, MN (Remote Town setting).
• Franklin College is a private, non-profit 4-year institution. Martin Luther College is a private, non-profit 4-year institution.
• Student-to-faculty ratio: Franklin College 12:1; Martin Luther College 10:1.

Franklin College of Indiana vs. MLC Cost Comparison

Which college is more expensive, Franklin College of Indiana or MLC? Published tuition is the sticker price; many students pay less after aid (see average net price below).

• The typical actual cost that students pay to attend (average net price) is less at Martin Luther College than Franklin College of Indiana ($18,974 vs. $24,189).
• Living costs (room and board or off-campus housing budget) at Martin Luther College are 36.3% lower than at Franklin College ($7,900 vs. $12,405).
• Franklin College is 113.6% more expensive for in-state tuition than MLC (about $20,590 more per year; $38,710.00 vs. $18,120.00).
• Out-of-state tuition is 113.6% higher at Franklin College of Indiana than at Martin Luther College (about $20,590 more per year; $38,710.00 vs. $18,120.00).
• The same share of students receive grant aid at Franklin College as at Martin Luther College (100% vs. 100%).
• The average total grant financial aid received by Franklin College students is 192.2% larger than aid received by Martin Luther College students ($30,025 vs. $10,276).

Franklin College of Indiana vs. MLC Admissions comparison

Which college is harder to get into, Franklin College of Indiana or MLC? Typical SAT and ACT scores (same estimates as in the table above), middle 50% test ranges where reported, test score submission policy, deadlines, and acceptance rates summarize admission difficulty between MLC and Franklin College of Indiana.

• The typical SAT score (median estimate) at Martin Luther College (1170) is 20 points higher than at Franklin College of Indiana (1150).
• Incoming MLC students have a 1 point higher typical ACT composite (median estimate) (24 vs. 23 at Franklin College of Indiana).
• Reported middle 50% SAT composite range (25th-75th percentile) for admitted students: Franklin College 1060/1240; Martin Luther College 1078/1256.
• Reported middle 50% ACT composite range (25th-75th percentile) for admitted students: Franklin College 20/26; Martin Luther College 22/27.
• Submitting SAT or ACT scores: Franklin College of Indiana - Not required for admission, but considered if submitted (Test Optional); MLC - Not required for admission, but considered if submitted (Test Optional).
• Accepted freshman MLC students have a 0.05 point higher average high school GPA (3.56) than students at Franklin College of Indiana (3.51).
• MLC has a higher acceptance rate (87.2%) than Franklin College of Indiana (69.8%).
• The share of admitted students who enrolled (yield) is 17.4% at Franklin College of Indiana vs. 88.3% at MLC.

Franklin College of Indiana vs. MLC Graduation Outcomes Comparison

How do outcomes compare for Franklin College of Indiana and MLC? Graduation rate, earnings, and student loan debt are common indicators. The bullets below summarize the same federal outcomes fields as the comparison table (College Scorecard / IPEDS where applicable).

• Martin Luther College's six-year graduation rate (73%) is higher than Franklin College's (49%).
• Graduates from Franklin College earn a median of about $7,300 more per year than MLC graduates about ten years after starting college ($45,300 vs. $38,000), per the same Scorecard earnings definition.
• Among federal student loan borrowers, Martin Luther College graduates have a $3,875 lower median loan debt than Franklin College of Indiana graduates ($23,125 vs. $27,000).
• Among borrowers, MLC graduates have an estimated $40 lower median monthly federal student loan payment than Franklin College of Indiana graduates ($239 vs. $279).
• More MLC graduates are actively paying back their federal student loan debt than former Franklin College of Indiana students, three years after graduation. (89% vs. 73%)

Sources: U.S. Department of Education https://nces.ed.gov IPEDS and College Scorecard https://collegescorecard.ed.gov/. Values reflect the most recent year available in our dataset.