by our College Data Analytics TeamMany students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Franklin and Marshall College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will Franklin and Marshall offer you, and what will you qualify for? Read on for more information. Scroll down to discover how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Franklin and Marshall College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
For freshmen starting at Franklin and Marshall College, 82% of new full-time first-years were awarded at least some aid around 455 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $41,901 |
| Institutional grants & scholarships | 80% | $40,582 |
| Federal Pell grants | 12% | $5,448 |
| State/local grants | 8% | $4,644 |
| Federal student loans | 40% | $5,187 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Across the undergraduate body at Franklin and Marshall, around 71% of the undergraduate population received grant aid that averaged $49,007 (covering around 1348 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 71% | $49,007 |
| Federal Pell grants | 16% | $5,754 |
| Federal student loans | 44% | $6,399 |
On-campus students receiving title-IV aid were awarded grants averaging $49,351.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,467 |
| $30,001 – $75,000 | $22,611 |
| Over $75,000 | $45,581 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $36,425 |
| Off-campus title-IV students | $39,061 |
To get a personalized net price estimate, try Franklin and Marshall’s official net price calculator: npc.collegeboard.org/student/app/fandm.
A typical borrower at Franklin and Marshall leaves with $19,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $19,000 |
| Typical 10-year monthly payment (graduates) | $201.43/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Franklin and Marshall.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,000 |
| 75th percentile | $25,786 |
| 90th percentile (highest-debt students) | $28,178 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $19,000 |
| High income | $19,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $19,000 |
A handful of calculated indicators summarize the debt outlook at Franklin and Marshall.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The annual Stafford volume below reflects program activity at Franklin and Marshall:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4621 |
| Total Stafford loan amount | $65,897,369 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $132,210 |
| Average GI Bill amount per recipient | $33,053 |
References
More about our data sources and methodologies.