Franklin, Indiana

Franklin College of Indiana Tuition & Cost

How much does it cost to attend?

Sticker Price
Costs for Franklin College
Fee Cost
Books and Supplies$1,200
Other Fees$185
Room and Board $9,630
Other Expenses Budget$2,600

Annual Prices

The annual list price to attend Franklin College on a full time basis for 2017/2018 is $44,350 for all students regardless of their residency. This fee is comprised of $30,735 for tuition, $9,630 room and board, $1,200 for books and supplies and $185 for other fees. Out of state tuition for Franklin College is $30,735, the same as Indiana residents.

All price data is sourced from the 2017/2018 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

Net price is indicative of what it actually costs to attend Franklin College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
Net Price by Income Franklin College
Family Income Net Price Paid
$0 to $30,000$14,377
$30,001 to $48,000$15,368
$48,001 to $75,000$20,127
$75,001 to $110,000$24,010

The average reported annual net price for Franklin College for students receiving grants or scholarship aid was $22,408 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid Franklin College
Type Avg./Student Students Receiving
Annual Total Grant Aid $20,052 100%
Pell Grant $4,506 38%
Federal Student Loan $5,566 83%

The average reported annual net price for Franklin College for students receiving grants or scholarship aid was $22,408 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Franklin College, we've modeled a ten year student loan with an original principal value of $77,064. The loan balance of $77,064 is a four year multiple of the $19,266 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $805 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.7%.

Example Loan $77,064
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $804.64
Total Interest Paid $19,492.33
Sum of All Loan Payments $96,556.33

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $44,350
2 $45,687
3 $47,064
4 $48,482

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Franklin College to be $177,400 - assuming graduation in normal time. The estimation assumes a 3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Franklin College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $445 $1,335 $1,780

Estimated cost for a class at Franklin College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Franklin College versus other colleges.

Tuition Payment Plans Available

Franklin College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=150604 IPEDS survey data for Franklin College.