Financial Aid at Franklin
Financial Aid Amount Received
$29,358 (78.60% of tuition)
Percent of Financial Aid Received
98% of 896 students
880 undergraduate students (98% of all students) have received grants, scholarships, and/or federal student loans at Franklin College. The percentage of students who received financial aid much higher compared to Private (not-for-profit), 4-Years Colleges in Indiana.
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $29,358 and the average loan amount is $9,722. The average financial aid amount is 78.60% of tuition & fees (tuition & fees: $37,350).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 880 | 98% | $25,835,108 | $29,358 |
| Pell Grants | 352 | 39% | $1,761,241 | $5,004 |
| Federal Students Loans | 607 | 68% | $5,901,440 | $9,722 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 253 students have received one or more types of financial aid at Franklin College.
The average amount of federal, state, local or institutional grant aid is $28,290 and the average amount of student loans awarded to full-time first-time undergraduate students is $10,266.
The following table shows the financial data by type of aid at Franklin College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 253 | 100% | - | - |
| Grant or scholarship aid | 253 | 100% | $7,157,365 | $28,290 |
| Federal Grants | 117 | 46% | $647,739 | $5,536 |
| Pell Grants | 117 | 46% | $559,239 | $4,780 |
| Other Federal Grants | 97 | 38% | $88,500 | $912 |
| State/Local Grants | 130 | 51% | $915,795 | $7,045 |
| Institutional Grants | 253 | 100% | $5,593,831 | $22,110 |
| Student Loans | 208 | 82% | $2,135,406 | $10,266 |
| Federal Student Loans | 208 | 82% | $1,691,241 | $8,131 |
| Other Student Loans | 25 | 10% | $444,165 | $17,767 |