Franklin and Marshall College

https://www.fandm.edu

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2024 Undergraduate Tuition

$70,566

3.5% growth from 2023

2024 Average Net Price

$43,987

After Financial Aid

2024 Acceptance Rate

28.2%

9,881 Applicants

2024 Enrolled Students

1,808

99.2% Full-Time

2024 Graduation Rate

83.8%

511 Graduates

About

Franklin and Marshall College is a higher education institution located in Lancaster County, PA. N/A

In 2024, 610 degrees were awarded across all undergraduate and graduate programs at Franklin and Marshall College. 56.2% of these degrees were awarded to women, and 43.8% awarded men. The most common race/ethnicity group of degree recipients was white (334 degrees), 4.7 times more than then the next closest race/ethnicity group, hispanic or latino (71 degrees).

The median undergraduate tuition at Franklin and Marshall College is $70,566, which is $42,388 more than the national average for Baccalaureate Colleges ($28,178).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Franklin and Marshall College is $70,566, which is $42,388 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $43,987.

In 2024, 71% of undergraduate students attending Franklin and Marshall College received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$70,566

2024 Undergraduate Tuition

In 2024, the cost of tuition at Franklin and Marshall College was $70,566. The cost of tuition at Franklin and Marshall College is $42,388 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

This chart compares the tuition costs of Franklin and Marshall College (in red) with those of other similar universities.

Average Net Price

$43,987

2024 Value

17.4%

1 Year Growth

In 2024 Franklin and Marshall College had an average net price — the price paid after factoring in grants and loans — of $43,987. Between 2023 and 2024, the average net price of Franklin and Marshall College grew by 17.4%.

This chart compares the average net price of Franklin and Marshall College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$15,568

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Franklin and Marshall College was of $15,568 in 2024. The cost of room and board increased by 3.51% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $800. The cost of books and supplies decreased by 33.3% during the same period.

This chart compares the average student costs at Franklin and Marshall College (in red) with that of similar universities.

Financial Aid by Income Level

71%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Franklin and Marshall College received financial aid through grants or loans in 2024. This represents a growth of 12.7% with respect to 2023, when 63% of undergraduate students received financial aid.

This chart compares the average award discount at Franklin and Marshall College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Admissions

Franklin and Marshall College received 9,881 undergraduate applications in 2024, which represents a 7.04% annual growth. Out of those 9,881 applicants, 2,785 students were accepted for enrollment, representing a 28.2% acceptance rate.

There were 1,808 students enrolled at Franklin and Marshall College in 2024. 25% of first-time enrollees submitted SAT scores with their applications.

Franklin and Marshall College has an overall enrollment yield of 17.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

28.2%

Acceptance Rate in 2024

2,785

Accepted Out of 9,881

In 2024, the undergraduate acceptance rate of Franklin and Marshall College was 28.2% (2,785 admissions from 9,881 applications). This is lower than the acceptance rate of 2023, which was 31.8%. Between 2023 and 2024, the number of applicants grew by 7.04%, while admissions declined by 5.21%.

This chart compares the acceptance rate of Franklin and Marshall College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

25%

Submission Percentage (2024)

120

Scores Submitted (2024)

25% of enrolled first-time students at Franklin and Marshall College in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Franklin and Marshall College had a total enrollment of 1,808 students in 2024. The full-time enrollment at Franklin and Marshall College is 1,794 students and the part-time enrollment is 14. This means that 99.2% of students enrolled at Franklin and Marshall College are enrolled full-time.

The enrolled student population at Franklin and Marshall College, both undergraduate and graduate, is 59.1% White, 9.13% Hispanic or Latino, 5.59% Asian, 4.81% Black or African American, 3.54% Two or More Races, and 0.166% American Indian or Alaska Native.

Students enrolled at Franklin and Marshall College in full-time Undergraduate programs are most commonly White Female (30.1%), followed by White Male (28.5%) and Hispanic or Latino Female (5.41%).

Full-Time vs Part-Time Enrollment

99.2%

Full-Time Enrollment

The total enrollment at Franklin and Marshall College in 2024, both undergraduate and graduate, is 1,808 students. The full-time enrollment at Franklin and Marshall College is 1,794 and the part-time enrollment is 14. This means that 99.2% of students enrolled at Franklin and Marshall College are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Franklin and Marshall College (in red) compares to similar universities.

Retention Rate over Time

90%

2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Franklin and Marshall College was 90%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Franklin and Marshall College had a retention rate higher than its peers.

This chart shows the retention rate over time at Franklin and Marshall College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
1,068 enrolled students
Hispanic or Latino
165 enrolled students
Asian
101 enrolled students

The enrolled student population at Franklin and Marshall College is 59.1% White, 9.13% Hispanic or Latino, 5.59% Asian, 4.81% Black or African American, 3.54% Two or More Races, and 0.166% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 14 students (0.774%) did not report their race.

Graduates

In 2024, 76 more women than men received degrees from Franklin and Marshall College. The most common race/ethnicity group of degree recipients at Franklin and Marshall College is white (334 degrees awarded). There were 4.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (71 degrees).

In 2024, the most specialized majors across all degree types at Franklin and Marshall College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Cultural & Gender Studies (14 degrees awarded), Interdisciplinary Studies (122 degrees), and Math & Statistics (34 degrees).

Common Jobs by Major

Postsecondary teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Postsecondary teachers (205,754 people), Other managers (197,392 people), Elementary & middle school teachers (186,634 people), Secondary school teachers (163,148 people), and Software developers (138,845 people).

The most specialized majors at Franklin and Marshall College in 2024 are Cultural & Gender Studies (14 degrees awarded), Interdisciplinary Studies (122 degrees), Math & Statistics (34 degrees), English (32 degrees), and Physical Sciences (30 degrees) (as of 2024).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Surgeons, Logisticians, Economists, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at Franklin and Marshall College are Cultural & Gender Studies (14 degrees awarded), Interdisciplinary Studies (122 degrees), Math & Statistics (34 degrees), English (32 degrees), and Physical Sciences (30 degrees) (as of 2024).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Franklin and Marshall College are Elementary & secondary schools (490,834 people), Colleges, universities & professional schools, including junior colleges (397,444 people), Computer Systems Design (225,926 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (220,322 people), and Legal services (108,005 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Franklin and Marshall College.

Most Common (2024)

Other Multidisciplinary Studies
82 degrees awarded
General Business Administration & Management
78 degrees awarded
General Political Science & Government
46 degrees awarded

In 2024, the most common bachelors degree concentration at Franklin and Marshall College was Other Multidisciplinary Studies with 82 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Franklin and Marshall College according to their major.

Sex Breakdown for Common Majors

267

Degrees Awarded to Men

in 2024

343

Degrees Awarded to Women

in 2024

In 2024, 267 degrees were awarded to men at Franklin and Marshall College, which is 0.778 times less than the number of degrees awarded to females (343).

This chart displays the sex disparity between the top 5 majors at Franklin and Marshall College by degrees awarded.

Most Common Male Majors

In 2024, 55 degrees were awarded to men at Franklin and Marshall College in General Business Administration & Management, which is 2.39 times more than the 23 female recipients with that same degree.

Most Common Female Majors

In 2024, 57 degrees were awarded to men at Franklin and Marshall College in Other Multidisciplinary Studies, which is 2.28 times more than the 25 male recipients with that same degree.

Time to Complete

81%

100% Completion Time

86%

150% Completion Time

In 2024, 81% of students graduating from Franklin and Marshall College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 86% completed their degrees within 150% of the normal time, and 86% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
334 degrees awarded
Hispanic or Latino
71 degrees awarded
Black or African American
37 degrees awarded

The most common race/ethnicity at Franklin and Marshall College is white (334 degrees awarded). There were 4.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (71 degrees).

0.164% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
290 degrees awarded
White Female
274 degrees awarded
White Female
267 degrees awarded

The most common race/ethnicity and sex grouping at Franklin and Marshall College is white female (290 degrees awarded). There were 1.06 times more white female recipients than the next closest race/ethnicity group, white female (274 degrees).

Operations

Franklin and Marshall College has an endowment valued at nearly $468M, as of the end of the 2024 fiscal year. The return on its endowment was of 53.6M (11.5%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, Franklin and Marshall College had a total salary expenditure of 131M. Franklin and Marshall College employs 80 Professors, 61 Associate professors and 33 Assistant professors. Most academics at Franklin and Marshall College are Male Professor (49), Female Professor (31), and Female Associate professor (31).

The most common positions for non-instructional staff at Franklin and Marshall College are: Business and Financial Operations, with 114 employees, Service, with 69 employees, and Office and Administrative Support with 58 employees.

Endowment

$468M

2024 Endowment

8.54%

growth from 2023

Franklin and Marshall College has an endowment valued at about $468M, as of the end of the 2024 fiscal year. The endowment of Franklin and Marshall College grew 8.54% from the previous year. The value of their endowment was $418M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Franklin and Marshall College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$1.99M - Federal
$39.3k - State
$236k - Local

As of 2024, Franklin and Marshall College received $1.99M in grants and contracts from the federal government, $39.3k from state grants and contracts, and $236k from local grants and contracts.

Salary Expenditure

$54.2M

2024 Salaries

0.667%

growth from 2023

In 2024, Franklin and Marshall College paid a median of $54.2M in salaries, which represents 41.3% of their overall expenditure ($131M) and a 0.667% growth from the previous year. This is compared to a 2.01% decline between 2022 and 2023, and a 3.51% decline between 2021 and 2022.

Instructional Salaries

$19M

Instructional Salaries

187

Number of Employees

In 2024, Franklin and Marshall College paid a total of $19M to 187 employees working as instructors, which represents 35.1% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Franklin and Marshall College were Business and Financial Operations with 114 employees, Service with 69 employees, and Office and Administrative Support with 58 employees.

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