by our College Data Analytics TeamHow much of the cost at Franklin College of Indiana will the G.I. Bill® cover? Coverage is not unlimited and varies school to school, so the fine print is worth checking.
Below is the gap between the Post-9/11 tuition benefit and the cost at Franklin College of Indiana. Housing and book benefits are covered separately below.
| Item | Amount |
|---|---|
| Veteran tuition & fees | $37,350 |
| Guaranteed Post-9/11 tuition benefit | $20,235 |
| Tuition out of pocket | $17,115 |
The Post-9/11 GI Bill® limits the annual tuition benefit to roughly $20,235, so tuition beyond that is out of pocket (or covered by Yellow Ribbon) at Franklin College of Indiana.
Franklin College participates in the Yellow Ribbon Program, which can cover tuition and fees beyond the Post-9/11 GI Bill® cap through matching funds from the school and the VA. About 1 Yellow Ribbon recipients were reported at this school.
Available Yellow Ribbon seats and maximum contributions differ by program and degree level — check with the veteran services office for current limits.
Active-duty service members using DoD Tuition Assistance are capped at $250 per credit hour. The chart below shows whether the per-credit charge at Franklin College of Indiana falls under that cap.
| Residency | Per-credit charge | Below $250 cap? |
|---|---|---|
| In-state | $0 |  |
| Out-of-state | $0 | |
The Post-9/11 GI Bill® also covers housing through a Monthly Housing Allowance (MHA). Here is how that benefit compares to the estimated cost of living at Franklin College of Indiana.
| Item | Amount |
|---|---|
| Estimated living expenses (room & board, academic year) | $10,504 |
| Post-9/11 monthly housing allowance (MHA) | $1,983/mo |
| Housing benefit (academic year, ~8 months) | $15,864 |
| Estimated surplus in your pocket | $5,360 |
For most full-time students the housing allowance covers the cost of living off campus, with money left over. Your actual MHA depends on your rate of pursuit and the school’s location.
The Post-9/11 GI Bill® pays a books-and-supplies stipend of up to $1,000 per year. Estimated book and supply costs at Franklin College of Indiana run about $1,300, leaving about $300 out of pocket.
These figures show the GI Bill® and DoD Tuition Assistance dollars veterans and service members actually used at Franklin College of Indiana.
Roughly 11 students drew Post-9/11 GI Bill® tuition benefits totaling $104,546.
| Benefit | Recipients | Total disbursed | Average / recipient |
|---|---|---|---|
| GI Bill® (all students) | 17 | $215,953 | $12,703 |
| GI Bill® — undergraduate | 16 | $184,331 | — |
| GI Bill® — graduate | 1 | $31,622 | — |
| DoD Tuition Assistance (all) | 0 | $0 | — |
| DoD TA — undergraduate | 0 | $0 | — |
| DoD TA — graduate | 0 | $0 | — |
These are federal education benefits — the Post-9/11 GI Bill® for veterans and DoD Tuition Assistance for active-duty members.
References
More about our data sources and methodologies.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at benefits.va.gov/gibill.