Franklin College
Private College in Franklin, IN. Six-year graduation rate 60%. Median 10-year earnings $55,376.
Ten years after entry, the median Franklin College student earns $55,376 — a solidly middle-of-the-pack result for an undergraduate institution. 60% finish within six years — respectable, though a meaningful share still leave without a credential. Median debt at graduation reaches $27,000, heavy enough to shape the years right after the degree.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
An acceptance rate of 70% puts Franklin College on the accessible end — a realistic target for a broad range of applicants. 2,609 students applied in the most recent cycle — a mid-sized pool drawn mostly from the surrounding region. A 17% yield rate is low: the admitted pool is much larger than the entering class. 39% of enrolled first-years submitted an SAT score. The bands below describe the middle half of that group, not of the class.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 540–620 | 124 (39%) |
| SAT Math | 520–620 | |
| ACT Composite | 20–26 | 14 (4%) |
IPEDS Admissions · 2024
Apply at Franklin College →Academics
Six-year completion sits at 60%, meaning about two in five students who enroll leave without finishing. 73% of full-time first-years come back for year two, so about one in four are gone before sophomore year. Retention and graduation track closely, so most of the attrition shows up in the first year rather than after it. A 26% transfer-out rate accounts for part of that gap: those students left for another institution rather than dropping out, and the graduation rate above counts them as non-completers here. A 12:1 ratio points to small classes and accessible faculty.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 872 degree- or certificate-seeking undergraduates
Net price lands at $24,189 a year on average, neither cheap nor punishing. Aid is steeply need-based: families in the $0–30k band pay $14,790 while those at $110k+ pay $30,316. Most students get help: 99% receive grants worth $29,747 on average. Most students borrow — 57% take federal loans to cover the gap.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 256 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $14,790 |
| $30–48k | $15,822 |
| $48–75k | $20,093 |
| $75–110k | $23,439 |
| $110k+ | $30,316 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 494 of these 872 students, totalling $3,136,643 — an average of $6,349 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Johnson County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)