College Factual  by our College Data Analytics Team
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Can You Afford Franklin University?

Concerned about paying for college? Take a look at Franklin University’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $13,887 and $30,313

Feeling a little stressed about paying $30,313 to attend Franklin University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Ohio students, 95.5% of freshmen receive some form of financial aid, with the average amount totaling $15,202. Students from low-income families receive an average of $16,426 in aid during their first year.

Cost (no aid)

Tuition and fees$9,577
+ Room and board$13,932
+ Other expenses$6,804
Total cost$30,313
Affordability Score (53 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$30,313
- Grants and scholarships$15,202
Net price$15,111
Affordability Score (81 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$30,313
- Grants and scholarships$16,426
Net price$13,887
Affordability Score (79 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Franklin University.

Projected Costs Between $56,923 and $179,382 For a Four Year Degree. Between $28,263 and $87,932 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Franklin University in 2020 - 2021 was $30,313. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.0% each year. If this trend continues, we expect the full cost for incoming freshmen to be $31,525 during their first year. By their senior year, that cost will be approximately $33,435 for a bachelor degree candidate ($32,149 for an associate degree candidate) for a total of $129,896 over the course of four years ($63,675 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Franklin University

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.6%2.0%
Freshman year$14,082$15,904$31,525
Senior year$14,181$16,316$32,149
Total 2-year net price$28,263$32,220$63,675
10-year loan interest @ 6.8%$10,767$12,275$24,258
Total monthly payment$325$371$733
Total amount paid$39,030$44,494$87,932
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.6%2.0%
Freshman year$14,082$15,904$31,525
Senior year$14,380$17,172$33,435
Total 4-year net price$56,923$66,130$129,896
10-year loan interest @ 6.8%$21,685$25,193$49,486
Total monthly payment$655$761$1,495
Total amount paid$78,608$91,323$179,382

Visit net price and financial aid to learn more about the total cost of attending Franklin University.

Further Questions to Consider

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