by our College Data Analytics TeamA large number of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Franklin Academy can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial aid solutions can Franklin Academy provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Franklin Academy.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Franklin Academy, 100% of entering full-time freshmen got some type of financial assistance some 267 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $5,358 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 94% | $5,358 |
| State/local grants | 0% | — |
| Federal student loans | 94% | $6,223 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 72% of undergrads got grants or scholarships worth on average $7,350 (across roughly 298 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $7,350 |
| Federal Pell grants | 72% | $7,350 |
| Federal student loans | 72% | $8,397 |
For on-campus title-IV students, average grant aid came to $3,566.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,858 |
| $30,001 – $75,000 | $27,156 |
| Over $75,000 | $29,450 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $17,894 |
| Off-campus title-IV students | $15,372 |
For an estimate tailored to your family circumstances, see Franklin Academy’s net price tool: brillarebeautyinstitute.edu/prospective-students/enrollment/financial-aid/.
The median student at Franklin Academy graduates with $5,107 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $5,107 |
| Median federal debt (graduates only) | $7,479 |
| Typical 10-year monthly payment (graduates) | $79.29/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Franklin Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,578 |
| 75th percentile | $7,917 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,442 |
| Middle income | $5,500 |
| High income | $4,584 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,112 |
| Continuing-generation students | $4,730 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $7,863 |
The figure below distills the debt data into a single burden category for Franklin Academy.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Franklin Academy:
| Metric | Value |
|---|---|
| Stafford loan recipients | 871 |
| Total Stafford loan amount | $4,823,209 |
References
More about our data sources and methodologies.