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Franklin University

Columbus, OH — Private Nonprofit

Value Score: 35/100

Tuition (In-State): $9,577 | Out-of-State: $9,577

Graduation Rate: 20.8%

Median Earnings (10yr): $51,892 | Median Debt: $20,836

Student Body Size: 5,562

Franklin University offers affordable tuition but faces challenges with low graduation rates and moderate post-graduation earnings.

Report Card: Overall Grade C+

Franklin University receives an overall grade of C+ based on six dimensions:

College Analysis

Franklin University, a medium-sized private nonprofit institution in Columbus, Ohio, presents a mixed picture regarding its academic offerings and student outcomes. While its tuition is relatively affordable, especially compared to many private institutions, the graduation rate stands at a concerning 20.8%. This low rate suggests potential challenges for students in completing their degrees within a typical timeframe. The median earnings 10 years after entry are $51,892, which is moderate, but when weighed against the median debt of $20,836, the return on investment may not be as strong as desired for all graduates. The student experience is not detailed in the provided data, but the institution's size and focus on adult learners may shape its unique environment.

The Verdict: Is Franklin University Worth It?

Franklin University presents a complex value proposition. With an in-state and out-of-state tuition of $9,577 and median 10-year earnings of $51,892, the initial financial picture appears reasonable. However, the median debt of $20,836 is a significant factor. The ROI score of 35 suggests a moderate return on investment. The key concern is the graduation rate of 20.8%, which is exceptionally low and raises questions about student success and program completion efficiency. While the cost of tuition is relatively affordable compared to many private institutions, the low graduation rate and the substantial median debt mean that graduates must secure well-paying jobs relatively quickly to make the investment worthwhile. The median earnings of $51,892, while decent, may require several years to offset the initial cost and debt. A direct comparison: if a graduate earns $51,892 annually and dedicates 10% of their gross income ($5,189.20) towards debt repayment, it would take approximately 4 years to pay off the $20,836 median debt, assuming no interest. This is a manageable timeline, but it hinges on securing employment at or above the median earnings. Franklin University can be a decent option for motivated adult learners seeking flexible programs and a pathway to career advancement in the Columbus area, especially if they can minimize debt. However, prospective students must critically assess the low graduation rate and ensure their chosen program aligns with high-demand, well-compensated career paths. It's not a guaranteed 'gem,' but it could be a 'fair deal' for the right student who leverages its career services and local network effectively.

Return on Investment

With median earnings of $51,892 and median debt of $20,836, the return on investment for a Franklin University degree appears to be moderate, especially considering the low graduation rate which can extend time to earnings.

Debt Reality Check

Median student debt at Franklin University: $20,836. Monthly payment on a standard 10-year plan: $237/month. Total repaid: $28,440 ($7,604 in interest).

Breakeven vs high school diploma: 1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $28,440.

Strengths

Weaknesses

Academic Profile

Franklin University's academic landscape is characterized by its strong emphasis on career-focused programs and flexible learning options designed for working adults. The university offers a wide array of undergraduate and graduate degrees, with notable strengths in business, technology, and healthcare fields. Programs like the Bachelor of Science in Business Administration, with specializations in areas such as Marketing, Management, and Finance, are popular, as are degrees in Information Technology and Nursing. Franklin is particularly recognized for its accelerated degree programs, allowing students to complete their education more quickly than at many traditional institutions. Faculty at Franklin often bring extensive real-world experience from their respective industries, enriching the classroom with practical insights and current industry trends. While specific faculty salary data isn't readily available, the university's commitment to hiring experienced professionals suggests a high level of practical expertise. Research opportunities, while perhaps not as extensive as at large research universities, are integrated into coursework and capstone projects, encouraging students to apply theoretical knowledge to practical problems. Academic support is a cornerstone of the Franklin experience, with resources like tutoring services, academic advising, and career services readily available to help students navigate their studies and career goals. The university also offers an Honors Program for high-achieving students seeking a more challenging academic path. Study abroad opportunities are less common given the student demographic, but the focus remains on delivering relevant, career-oriented education.

Financial Aid Guide for Franklin University

Franklin University's financial aid approach is designed to be accessible, particularly for its non-traditional student population. The university offers a range of financial aid options, including federal grants, state grants, and institutional aid. For students demonstrating financial need, Pell Grants can significantly offset tuition costs, and Franklin actively works to help students maximize these federal resources. Merit-based aid is also available, often tied to academic achievement or specific program enrollment, though details can vary. Work-study programs provide on-campus employment opportunities for students who qualify, offering a way to earn money while gaining experience. Typical financial aid packages can vary widely based on individual need, program of study, and enrollment status. For instance, a student with significant financial need might see a substantial portion of their $9,577 annual tuition covered by grants and federal aid. Scholarships are available through Franklin University, often focusing on specific fields of study, academic merit, or community involvement. Prospective students are strongly encouraged to complete the FAFSA early to be considered for all available aid. While Franklin is generally not known for extensive aid negotiation, especially compared to highly selective institutions, discussing extenuating circumstances with the financial aid office is always recommended. The university's commitment to affordability is a key aspect of its mission, aiming to make higher education attainable for its diverse student body.

Hidden Costs at Franklin University

Alumni Outcomes & Career Paths

Franklin University, a private nonprofit institution in Columbus, OH, serves a diverse student body, many of whom are adult learners balancing education with work and family. While specific data on major employers actively recruiting on campus is not readily available, the university's focus on career-oriented programs suggests graduates are well-positioned for roles within the robust Central Ohio business landscape. Alumni tend to cluster in sectors like healthcare, technology, business services, and public administration, reflecting the economic strengths of the region. For instance, graduates often find employment with major healthcare providers such as OhioHealth and Nationwide Children's Hospital, technology firms like IBM and Accenture (which have significant presences in Columbus), and financial institutions like JPMorgan Chase. The university emphasizes practical, applied learning, which can translate into strong internship pipelines, particularly for students pursuing degrees in business, IT, and healthcare management. While specific graduate school placement rates are not prominently published, Franklin's career services likely focus on direct entry into the workforce, leveraging its network within the Columbus metropolitan area. Geographic hiring patterns show a strong concentration of alumni within Ohio, particularly in the Columbus, Cleveland, and Cincinnati corridors, though graduates also find opportunities in other major Midwestern cities and beyond, depending on their chosen field. Notable alumni are not widely publicized, which is common for institutions serving a large adult learner population focused on career advancement rather than public profiles.

Campus Life & Culture at Franklin University

Franklin University serves a predominantly adult and non-traditional student population, with a significant percentage of students balancing education with full-time employment and family responsibilities. The student body is diverse in age, background, and professional experience, creating a mature and goal-oriented learning environment where students often learn as much from each other's life experiences as they do from coursework. Students who thrive at Franklin are typically self-motivated, career-driven individuals seeking flexible educational pathways to advance their professional lives.

Franklin University in Columbus, Ohio, offers a unique campus experience primarily geared towards adult learners and those balancing education with work and family. The student body is diverse, with a significant portion being non-traditional students, which shapes a campus culture that is often described as practical, focused, and community-oriented. While not a traditional residential campus with sprawling dorms and a vibrant Greek life scene, Franklin fosters a sense of community through its academic programs and student support services. The main campus in downtown Columbus provides access to the city's amenities, allowing students to integrate their academic pursuits with urban living. Social life tends to revolve around shared academic interests and professional networking rather than large-scale campus events. Student organizations often focus on professional development and specific fields of study, providing opportunities for students to connect with peers who have similar career aspirations. For those seeking a more traditional college experience with extensive extracurriculars and on-campus housing, Franklin might feel different. However, for students prioritizing flexibility, career advancement, and a supportive learning environment tailored to busy schedules, Franklin offers a compelling atmosphere. The university's emphasis on career services and practical application of knowledge means that student life is often intertwined with professional goals, creating a mature and driven student population.

Campus Highlights

Location & Regional Advantages

Franklin University's location in Columbus, Ohio, offers a significant strategic advantage for its students. Columbus is a dynamic and growing metropolitan area, serving as Ohio's capital and a major hub for business, technology, and healthcare. The local job market is robust, with a diverse range of industries providing ample opportunities for graduates. Key sectors include insurance (Nationwide Insurance is headquartered here), banking (JPMorgan Chase has a large presence), healthcare (OhioHealth, Nationwide Children's Hospital), technology (companies like Google, Microsoft, and Intel have expanding operations or data centers nearby), and logistics. The cost of living in Columbus is notably lower than the national average, making the median debt of $20,836 more manageable and allowing for a quicker payoff of student loans. Proximity to these industry hubs means students can readily access internships and entry-level positions with major employers without needing to relocate immediately after graduation. The quality of life in Columbus is generally high, with a vibrant downtown, a thriving arts and culture scene, numerous parks, and a growing culinary landscape. While Ohio experiences distinct seasons, the weather is generally moderate. Safety in Columbus, like any major city, varies by neighborhood, but overall, it is considered a safe and welcoming environment for students and professionals. This central Ohio location provides a strong foundation for career opportunities, particularly for those seeking employment within the state, while also serving as a launchpad for broader Midwestern career paths.

How to Get Into Franklin University

Franklin University's admissions process is designed to be accessible and accommodating, reflecting its mission to serve a diverse student population, including many adult learners. The university generally operates on a rolling admissions basis, meaning applications are reviewed and decisions are made continuously throughout the year, though applying well in advance of your desired start date is always advisable. Franklin does not typically require SAT or ACT scores, focusing instead on a holistic review of your application. Key components include your previous academic record (high school GPA or previous college credits), a personal statement or essay, and potentially letters of recommendation, especially for graduate programs. The admissions office values life experience, professional background, and a clear articulation of your educational and career goals. For your essay, focus on how Franklin's flexible learning options and career-focused programs align with your aspirations and how you plan to balance your studies with existing commitments. Demonstrated interest is often shown through engaging with admissions counselors, attending virtual or in-person information sessions, and submitting a complete application promptly. Given its open enrollment policies for many programs and focus on accessibility, Franklin is not highly selective in the traditional sense, making the application strategy more about demonstrating readiness and fit for their unique learning environment.

How Franklin University Compares to Similar Schools

Similar schools: Ohio Dominican University, Capital University, Mount Vernon Nazarene University (Online Focus), Walsh University

Advantages

Disadvantages

Best For

Avoid If

Frequently Asked Questions about Franklin University

Is Franklin University a good investment given its ROI Score of 35?

With a moderate ROI score of 35, prospective students should carefully consider the median earnings in relation to the debt incurred and the low graduation rate.

What is the graduation rate at Franklin University?

Franklin University has a graduation rate of 20.8%.

How does the median debt at Franklin University compare to median earnings?

The median debt at graduation is $20,836, while median earnings 10 years after entry are $51,892, indicating a moderate debt-to-earnings ratio.

Is Franklin University affordable?

Franklin University has an Affordability Score of 90, suggesting that tuition costs are relatively low compared to potential earnings and other institutions.

What are the career outcomes for Franklin University graduates?

Median earnings 10 years after entry are $51,892, which is a moderate outcome for graduates.

What is the acceptance rate at Franklin University and how hard is it to get in?

Franklin University does not publicly disclose a specific acceptance rate, which is common for institutions that prioritize accessibility, particularly for adult learners. Their mission often centers on providing educational opportunities to a broad range of students, including those who may not have had a traditional path to higher education. This suggests an open enrollment or highly accessible admissions policy rather than a highly selective one. Prospective students are generally encouraged to apply if they meet basic requirements, such as a high school diploma or GED, and potentially minimum scores on standardized tests if applicable (though many programs may waive these). The focus is often on assessing a student's readiness for college-level work through placement tests or prior academic performance, rather than strict numerical cutoffs. To increase your chances of admission, ensure all application materials are submitted accurately and on time. If you have any academic gaps or concerns, consider reaching out to an admissions counselor to discuss your situation and potential pathways, such as foundational courses or specific support services Franklin offers. The university's commitment to serving diverse learners means the 'difficulty' of getting in is less about competitive scores and more about meeting the foundational requirements and demonstrating a commitment to completing a degree program.

Is Franklin University worth the money?

Determining if Franklin University is 'worth the money' requires a careful cost-benefit analysis, especially given its median debt of $20,836 and median 10-year earnings of $51,892. The tuition of $9,577 per year is relatively affordable for a private institution. If a student graduates with minimal debt and secures a job at or above the median salary, the investment can be sound. For example, dedicating 10% of a $51,892 salary ($5,189 annually) towards debt repayment would clear the $20,836 median debt in approximately four years, assuming no interest accrual. However, the extremely low graduation rate of 20.8% is a significant red flag. This suggests that a substantial number of students do not complete their degrees, potentially leaving them with debt but without the full benefit of a college education. The value is highly dependent on the specific program of study and the career outcomes associated with it. Programs in high-demand fields like healthcare administration or certain IT specializations might offer a stronger return than others. Franklin's strength lies in its flexibility for adult learners and its connection to the Columbus job market. If you are a motivated student who can complete your degree efficiently, minimize borrowing, and leverage the university's career services to secure a well-paying job in a strong local industry, Franklin can be a worthwhile investment. However, the low graduation rate necessitates a cautious approach and thorough research into your chosen major's specific outcomes.

What are the best majors at Franklin University?

Franklin University excels in offering career-focused programs designed to meet the demands of the current job market, particularly within the Columbus, Ohio, region. While 'best' is subjective and depends on individual career goals, programs within the College of Health and Public Service and the College of Business are often highlighted due to strong regional employment opportunities. For instance, degrees in Nursing (BSN), Health Administration, and Public Health are highly relevant given the significant healthcare sector in Columbus, with major employers like OhioHealth and Nationwide Children's Hospital. In the business realm, majors such as Management, Marketing, and Information Systems are popular and align with the needs of local tech companies, financial institutions like JPMorgan Chase, and various service industries. The College of Technology offers programs in areas like Cybersecurity and Data Analytics, which are in high demand across multiple sectors. Franklin's emphasis on practical, applied learning means that graduates from these programs are often prepared for immediate entry into the workforce. Prospective students should research specific program curricula, faculty expertise, and recent graduate placement data, if available, to identify the majors that best align with their interests and offer the strongest career prospects within Franklin's network and the broader Ohio economy.

What is student life like at Franklin University?

Student life at Franklin University is distinct, primarily catering to a large population of adult learners who are often balancing their studies with full-time jobs, families, and other commitments. As a result, the traditional campus experience with extensive extracurricular activities, large sporting events, and a bustling social scene is less pronounced compared to traditional four-year residential universities. Franklin's main campus in Columbus offers some student services and gathering spaces, but the emphasis is on providing a flexible and supportive environment for its diverse student body. Many students engage with the university primarily through online courses or evening/weekend classes. While there are student organizations and opportunities for networking, the social fabric is woven differently, often centered around shared academic goals and professional development rather than a typical college social life. The university does offer resources like a student union, fitness center, and various clubs, but the overall atmosphere is geared towards practical education and career advancement. Students seeking a vibrant, traditional college experience with extensive social events and residential life might find Franklin's environment less aligned with their expectations. However, for adult learners seeking a focused educational path with built-in flexibility, Franklin provides a conducive atmosphere for academic success.

How much financial aid does Franklin University give?

Franklin University is committed to making education accessible and offers a range of financial aid options to help students manage the cost of tuition. As a private nonprofit institution, it relies on a combination of federal aid, state aid, institutional scholarships, and grants. Federal aid typically includes Pell Grants for eligible undergraduate students and federal student loans (Stafford Loans). State aid programs, such as Ohio-based grants, may also be available for eligible residents. Franklin University's own institutional aid includes various scholarships, often merit-based or need-based, and grants designed to support students throughout their academic journey. Given its focus on adult learners, the university often provides guidance on navigating financial aid processes and understanding loan repayment options. While specific average aid amounts can fluctuate annually and vary significantly based on individual student circumstances (including financial need, academic merit, and enrollment status), prospective students are encouraged to complete the Free Application for Federal Student Aid (FAFSA) as early as possible. Franklin's financial aid office is a key resource for students seeking to understand their specific aid packages, explore payment plans, and identify all available funding opportunities to minimize out-of-pocket expenses and manage student debt effectively.

What salary can I expect after graduating from Franklin University?

The salary expectations after graduating from Franklin University are closely tied to the specific major chosen and the broader economic conditions, particularly within the Central Ohio job market. The university reports a median 10-year earnings figure of $51,892 for its alumni. However, this is an aggregate number and individual salaries can vary significantly. For instance, graduates from programs in high-demand fields like nursing or cybersecurity are likely to command higher starting salaries than those in some general business or liberal arts fields. Given Columbus's strong healthcare sector, alumni from Franklin's nursing and health administration programs can expect competitive salaries, potentially starting in the $50,000s to $70,000s, depending on experience and specific role. Similarly, graduates from technology programs, especially in areas like data analytics or IT management, may find opportunities with starting salaries in a similar range or higher, particularly as companies like Intel expand their presence in the region. Business graduates, depending on their specialization (e.g., finance, marketing, management), might see starting salaries ranging from the mid-$40,000s to the $60,000s. It's crucial for prospective students to research the specific career paths and typical salary ranges associated with their intended major, utilizing resources like the Bureau of Labor Statistics and industry-specific salary surveys, to set realistic expectations beyond the university's overall median earnings figure.

What are the dorms like at Franklin University?

Franklin University does not operate traditional on-campus dormitories or student housing. As an institution primarily serving adult learners, many of whom are local to the Columbus area or commute from surrounding regions, the university's focus is not on providing a residential experience. The main campus in Columbus is primarily an academic and administrative center, offering classrooms, labs, and student support services, but it lacks the infrastructure for student housing. This model is typical for universities that cater heavily to part-time students, working professionals, and those who prefer to live off-campus in their own accommodations. Therefore, students attending Franklin University are responsible for arranging their own housing. This could involve living at home, renting apartments in the Columbus area, or continuing to reside in their current locations if taking advantage of the university's extensive online course offerings. While this means no dorm life experience, it also contributes to the university's generally lower tuition costs compared to residential institutions and offers flexibility for students who do not wish to relocate or live on campus.

Is Franklin University a good school for research?

Franklin University's primary mission and pedagogical approach emphasize practical, career-oriented education rather than extensive academic research, particularly in the traditional sense of faculty-led, grant-funded research projects common at large research universities. The university is structured to serve adult learners and working professionals, focusing on applied learning, skill development, and direct entry into the workforce. While faculty members may engage in scholarly activities relevant to their fields, and students might undertake research projects as part of their coursework or capstone requirements, Franklin is not typically considered a major research institution. Opportunities for undergraduate research are likely to be integrated into specific courses or programs, focusing on practical application and problem-solving within professional contexts, rather than contributing to novel academic discoveries. Students interested in deep theoretical research or pursuing careers in academia requiring significant research experience might find other institutions better suited. However, for students seeking to apply research methodologies to solve real-world business or industry problems, Franklin's project-based learning approach can provide valuable experience.

How does Franklin University compare to similar schools?

Franklin University occupies a unique niche, often compared to other private, career-focused institutions, particularly those serving adult learners, and sometimes community colleges offering advanced degrees. Its primary competitors in the Central Ohio region include institutions like Ohio Dominican University and Capital University, which offer a broader range of traditional undergraduate programs alongside professional degrees. Franklin distinguishes itself with its strong emphasis on flexibility, online learning options, and a direct pipeline to the Columbus job market, often at a more accessible price point than some of its regional private peers. Compared to community colleges, Franklin offers bachelor's and master's degrees, providing a more advanced level of education and potentially higher earning potential. However, Franklin's significantly lower graduation rate (20.8%) is a notable disadvantage when compared to most traditional universities and even many community colleges, which typically have higher completion rates. While Franklin's median earnings ($51,892) are respectable, they may not always surpass those from graduates of more selective or research-oriented universities. Its value proposition is strongest for adult learners seeking flexible, career-focused education in a specific geographic area, rather than for students seeking a traditional, comprehensive campus experience or aiming for highly competitive, research-intensive graduate programs.

What do employers think of a degree from Franklin University?

Employer perception of a degree from Franklin University is generally positive within the Central Ohio region, particularly among companies that value practical skills, work ethic, and career readiness. Franklin's focus on adult learners and its career-oriented curriculum means that graduates often possess relevant experience and a mature approach to their work. Employers in sectors like healthcare, business services, IT, and public administration in the Columbus area are familiar with Franklin and often recruit its graduates. The university's emphasis on applied learning and its connections with local businesses through internships and advisory boards contribute to a perception that Franklin prepares students for immediate job market entry. While Franklin may not carry the same level of national brand recognition as larger, more established research universities, its reputation within its core geographic market is solid for specific professional fields. Companies that prioritize candidates with practical skills and a demonstrated ability to balance work and education tend to view Franklin graduates favorably. For roles requiring advanced theoretical knowledge or extensive research backgrounds, employers might lean towards candidates from different types of institutions. However, for many entry-level and mid-career professional roles in Ohio, a Franklin degree is seen as a credible qualification.

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AI-generated analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.