by our College Data Analytics TeamThe majority of students are not billed 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 College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financing solutions does Franklin College of Indiana provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Read on to get a sense of the financial assistance available at Franklin College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Franklin College, 100% of new full-time first-years were awarded at least some aid some 256 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $30,025 |
| Institutional grants & scholarships | 100% | $23,694 |
| Federal Pell grants | 38% | $5,455 |
| State/local grants | 42% | $9,688 |
| Federal student loans | 64% | $5,238 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Franklin College of Indiana, some 95% of undergraduates were awarded an average grant or scholarship of $29,747 (for some 861 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 95% | $29,747 |
| Federal Pell grants | 36% | $5,619 |
| Federal student loans | 54% | $6,349 |
For on-campus title-IV students, average grant aid came to $31,323.
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 | $18,836 |
| $30,001 – $75,000 | $18,532 |
| Over $75,000 | $27,503 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,855 |
| Off-campus title-IV students | $22,762 |
For an estimate tailored to your family circumstances, see Franklin College of Indiana’s net price calculator: www.franklincollege.edu/admissions-aid/tuition-and-financial-aid/tuition-and-costs/#section3.
The median federal debt load at Franklin College of Indiana comes to $18,998 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,998 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Franklin College of Indiana.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $38,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $19,000 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,000 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $12,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at Franklin College of Indiana.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Franklin College of Indiana:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4496 |
| Total Stafford loan amount | $75,267,652 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $215,953 |
| Average GI Bill amount per recipient | $12,703 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.