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Private 4 Year

Franklin University Tuition & Cost

Columbus, Ohio

 1 Reviews

How much does it cost to attend?

Sticker Price
$30,313
Costs for Franklin University
Fee Cost
Tuition$9,552
Books and Supplies$1,080
Other Fees$25
Estimated Off Campus Cost of Living $13,932
Other Expenses Budget$5,724

Annual Prices

The annual list price to attend Franklin University on a full time basis for 2020/2021 is $30,313 for all students regardless of their residency. This fee is comprised of $9,552 for tuition, $13,932 room and board, $1,080 for books and supplies and $25 for other fees. Out of state tuition for Franklin University is $9,552, the same as Ohio residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
$7,658
Net Price by Income Franklin University
Family Income Net Price Paid
$0 to $30,000$6,527
$30,001 to $48,000$2,159
$48,001 to $75,000$7,259
$75,001 to $110,000$10,365
$110,000+$7,854

The average reported annual net price for Franklin University for students receiving grants or scholarship aid was $7,658 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges 

Financial Aid

95% of full-time undergrad Franklin University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $17,789 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 77% of students received Federal Student Loans averaging $6,546 and 10% of undergrads took out private student loans averaging $12,609.

Finanical Aid Franklin University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $17,789 95%
Institutional Grants and Scholarships $15,003 87%
Pell Grants $4,574 42%
Other Federal Grants $1,117 18%
State and Local Grants $3,455 24%
Federal Student Loans $6,546 77%
Other Student Loans $12,609 10%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Franklin University, we've modeled a ten year student loan with an original principal value of $86,424. The loan balance of $86,424 is a four year multiple of the $21,606 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 $825 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 2.75%.

Example Loan $86,424
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $824.58
Total Interest Paid $12,525.63
Sum of All Loan Payments $98,949.63

Projected 4 Year Degree Price

4 Year Sticker Price
$121,252
Year All Residents
1 $30,313
2 $32,435
3 $34,705
4 $37,135

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Franklin University to be $121,252 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 4 years which is the national trend.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Franklin University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $398 $1,194 $1,592

Estimated cost for a class at Franklin University 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 University versus other colleges.

Tuition Payment Plans Available

Franklin University 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=202806 IPEDS survey data for Franklin University.