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Franklin and Marshall College

Lancaster, PA — Private Nonprofit

Value Score: 27/100

Tuition (In-State): $70,794 | Out-of-State: $70,794

Acceptance Rate: 28.2% | Graduation Rate: 84.9%

Median Earnings (10yr): $76,124 | Median Debt: $19,000

Student Body Size: 1,799

Franklin and Marshall College: Strong Graduation Rate, Moderate Earnings Relative to High Cost

Report Card: Overall Grade C

Franklin and Marshall College receives an overall grade of C based on six dimensions:

College Analysis

Franklin and Marshall College presents a mixed picture regarding its academic offerings and student outcomes. With a strong graduation rate of 84.9%, the college demonstrates a commitment to student success in completing their degrees. Academically, F&M offers a traditional liberal arts education, but the high sticker price of $70,794 for both in-state and out-of-state students raises questions about its overall value. While median earnings after 10 years are reported at $76,124, this figure, when compared to the cost of attendance and the median debt of $19,000, suggests a potentially long road to recouping the investment. The student experience at F&M is characterized by its small campus size of 1,799 students, fostering a more intimate learning environment. However, the admission rate of 28.2% indicates a degree of selectivity, though not among the most highly competitive institutions.

The Verdict: Is Franklin and Marshall College Worth It?

Franklin and Marshall College presents a complex value proposition. With an out-of-state tuition of $70,794 and a 10-year median earning of $76,124, the immediate financial return appears modest, especially when factoring in potential living expenses and the median debt of $19,000. The ROI score of -73 further underscores this concern, suggesting that, on average, graduates take a considerable amount of time to recoup their investment. However, F&M's strength lies in its liberal arts education, which often leads to long-term career satisfaction and adaptability, rather than just immediate high salaries. The median earnings figure is a 10-year average, and many graduates will surpass this significantly, particularly those entering lucrative fields like finance or law. The debt load is relatively manageable compared to the sticker price. While not a 'hidden gem' in terms of immediate financial payoff, F&M can be a worthwhile investment for students who prioritize a rigorous, well-rounded education, strong critical thinking skills, and access to a powerful alumni network that can open doors to diverse and fulfilling careers, even if the payback period is longer. It's a good deal for those seeking a classic liberal arts experience with strong career support, but less so for those solely focused on maximizing short-term financial returns.

Return on Investment

The ROI analysis for Franklin and Marshall College indicates a negative return, with median 10-year earnings of $76,124 not significantly outpacing the substantial cost of attendance and moderate debt. This suggests that the financial investment may take a considerable amount of time to yield a substantial return.

Debt Reality Check

Median student debt at Franklin and Marshall College: $19,000. Monthly payment on a standard 10-year plan: $216/month. Total repaid: $25,920 ($6,920 in interest).

Breakeven vs high school diploma: 0.4 years. Debt burden: Low. Salary needed for comfortable repayment: $25,920.

Strengths

Weaknesses

Academic Profile

Franklin & Marshall College prides itself on a rigorous liberal arts education, fostering intellectual curiosity and critical thinking across a broad spectrum of disciplines. The college boasts a strong faculty-to-student ratio, ensuring personalized attention and mentorship. While specific faculty salary data isn't publicly available, the commitment to attracting and retaining high-caliber educators is evident in the quality of instruction and research opportunities. The student-faculty ratio of approximately 11:1 means that students are likely to know their professors well, engage in meaningful discussions, and receive tailored academic guidance.

Several departments stand out, including Government, Biology, and English, consistently drawing strong student interest and producing accomplished graduates. The College Scholars program offers a highly selective pathway for intellectually ambitious students, providing opportunities for advanced research and independent study. F&M also emphasizes experiential learning, with robust internship programs and a strong encouragement of study abroad. Students can choose from a wide array of international programs, often integrated into their academic coursework, allowing them to gain global perspectives.

Research opportunities are abundant, with many students participating in faculty-led research projects, often leading to presentations at academic conferences or co-authorship on publications. The Charles A. Dana Center for Humanities and the Howard L. Runyan Center for the Sciences are just two examples of dedicated spaces that support student and faculty research. Academic support is comprehensive, with the Academic Success Center offering tutoring, writing support, and academic skills workshops. The Career Services office is also highly regarded, providing resources for internship placement, resume building, and graduate school preparation, ensuring students are well-equipped for life after F&M.

Financial Aid Guide for Franklin and Marshall College

Franklin & Marshall College is committed to making its distinctive liberal arts education accessible through a robust financial aid program. As a private institution, F&M meets 100% of demonstrated financial need for all admitted students, a crucial commitment for families navigating the cost of attendance. The total cost of attendance, including tuition, fees, room, and board, is approximately $85,000-$90,000 annually.

Financial aid at F&M is primarily need-based, meaning it's determined by a family's financial circumstances as assessed through the FAFSA and the CSS Profile. Merit scholarships are also available, though they are often integrated into the overall financial aid package rather than being separate awards. These merit awards are typically based on academic achievement, demonstrated leadership, and other exceptional qualities. For students with a demonstrated need, typical aid packages can range significantly. For families with an annual income between $50,000 and $75,000, aid packages might cover 70-90% of the total cost, often including grants, scholarships, and work-study opportunities. For families with incomes between $100,000 and $150,000, aid packages might cover 30-50% of the cost, depending on individual circumstances and the student's academic profile.

Work-study is a common component of aid packages, providing students with the opportunity to earn money through on-campus employment. The amount typically ranges from $2,000 to $4,000 per academic year. Scholarship tips for F&M applicants include highlighting unique talents, leadership roles, and community involvement in their applications and essays, as these are factors considered in both admissions and aid decisions. While F&M is generally considered need-aware for admissions, they are need-blind for domestic applicants, meaning your ability to pay does not factor into the admissions decision. Negotiating financial aid at F&M is possible, especially if you have received a more generous offer from a comparable institution. It's advisable to present a clear case with supporting documentation to the financial aid office, though significant increases are not guaranteed.

Hidden Costs at Franklin and Marshall College

Alumni Outcomes & Career Paths

Franklin and Marshall College (F&M) graduates are well-positioned for success across a variety of sectors, benefiting from a strong liberal arts foundation that emphasizes critical thinking and communication. While specific recruitment data can fluctuate, common major employers that actively recruit F&M talent include financial services firms like J.P. Morgan, Morgan Stanley, and Bank of America, as well as consulting groups such as Deloitte and Accenture. The tech industry also attracts F&M alumni, with companies like Google and Microsoft often appearing on career paths. Beyond these, the education sector, healthcare, and non-profit organizations are significant destinations. Industries where alumni cluster tend to be concentrated in finance, law, marketing, education, and healthcare. Graduate school placement rates are robust, with a significant percentage of graduates pursuing advanced degrees in fields like law, medicine, and various PhD programs. Notable alumni span diverse fields, including former U.S. Secretary of State George C. Marshall, Pulitzer Prize-winning author Adam Hochschild, and numerous leaders in business and academia. F&M's career services are highly regarded, offering personalized counseling, extensive networking events, and robust internship support. The college actively cultivates internship pipelines with organizations in major metropolitan areas, providing students with valuable real-world experience. Geographic hiring patterns show a strong presence in the Mid-Atlantic region, particularly in Philadelphia, New York City, and Washington D.C., but also extend to national and international markets, reflecting the broad reach of its alumni network.

Campus Life & Culture at Franklin and Marshall College

The student body at Franklin & Marshall College is intellectually engaged and community-minded, drawing students from across the United States and internationally. The college values diversity in all its forms, seeking students who bring unique perspectives and experiences. Students who thrive here are typically self-motivated, curious, and eager to contribute to a close-knit campus environment while also engaging with the surrounding Lancaster community.

Franklin & Marshall College, nestled in the historic city of Lancaster, PA, offers a vibrant and engaged campus life that mirrors its liberal arts mission. The student body of around 1,800 cultivates a close-knit community where academic pursuits and social engagement are deeply intertwined. The 'F&M Bubble' is a real phenomenon, but it's one that encourages students to explore the rich history and burgeoning arts scene of Lancaster itself, often through internships and community service. The campus is a beautiful blend of historic architecture and modern facilities, with iconic spaces like the Shadek-Fackenthal Library and the Alumni Sports and Fitness Center serving as hubs for activity.

Social life at F&M is dynamic, with a strong emphasis on student-run organizations. Over 150 clubs and organizations cater to every imaginable interest, from the F&M Debate Society and the student newspaper, The College Reporter, to a plethora of cultural, academic, and hobby-based groups. While Greek life is present, with several fraternities and sororities, it's not the dominant force, allowing for a diverse social landscape. Many students find their social circles through shared academic interests, extracurriculars, or simply by living in one of the college's residential halls.

Housing is guaranteed for all four years, a significant perk that fosters a strong sense of community and belonging. Freshmen typically reside in traditional residence halls, while upperclassmen have options ranging from suite-style living to apartment-style housing, some of which are located in charming historic houses just off the main campus, offering a taste of Lancaster living. Dining services are well-regarded, with multiple dining halls and retail locations offering a variety of options to suit different tastes and dietary needs. The college also encourages students to explore Lancaster's diverse culinary scene. Athletics are a significant part of the F&M experience, with 27 NCAA Division III varsity teams. The Diplomats have a strong tradition of athletic and academic success, and sporting events are a popular way for students to connect and show school spirit. The overall vibe is one of intellectual curiosity, community engagement, and a desire to make a meaningful impact, both on campus and in the wider world.

Campus Highlights

Location & Regional Advantages

Franklin and Marshall College's location in Lancaster, Pennsylvania, offers a unique blend of advantages and considerations for students. Lancaster itself provides a charming, historic setting with a growing local economy, offering a lower cost of living compared to major metropolitan hubs. This can translate to more affordable living expenses during internships and early career stages. While Lancaster isn't a direct industry hub for major corporations, its strategic position within the Mid-Atlantic region is a significant asset. F&M is within a reasonable driving distance of major employment centers like Philadelphia (approx. 1.5 hours), Baltimore (approx. 1.5 hours), and Washington D.C. (approx. 2.5 hours), as well as New York City (approx. 3 hours). This proximity allows students to access internships, networking events, and job opportunities in these bustling markets without needing to relocate immediately. The quality of life in Lancaster is generally high, characterized by a strong sense of community, access to outdoor recreation, and a vibrant arts and culture scene, all within a safe environment. The weather is typical of the Northeast, with four distinct seasons. While the immediate local job market might be smaller in scale than a major city, the college's strong alumni network and career services effectively bridge the gap, connecting students to opportunities in these larger economic centers.

How to Get Into Franklin and Marshall College

Franklin & Marshall College is a selective liberal arts institution, and a strong application is key to admission. With an acceptance rate around 28%, demonstrating a clear fit with F&M's values and academic rigor is paramount. Early Decision (ED) is a significant advantage at F&M. Applying ED signals a high level of commitment and can provide a boost in your chances of admission, especially if your profile is strong. Early Action (EA) is also offered, but ED is generally considered more impactful for admission chances.

The admissions committee looks for students who are intellectually curious, engaged in their communities, and possess strong leadership potential. A rigorous high school curriculum is essential; strong grades in AP, IB, or honors courses are highly valued. While F&M is test-optional, if you choose to submit scores, aim for a strong performance on the SAT or ACT, though there isn't a specific average to target given the test-optional policy. Focus on crafting compelling essays that showcase your personality, critical thinking skills, and genuine interest in F&M. Essays that connect your experiences to F&M's specific programs, traditions, or values tend to resonate well.

Demonstrated interest is considered, so engage with the college through virtual or in-person information sessions, campus tours, and by connecting with admissions counselors. Keep your application timeline in mind: ED deadlines are typically in November, EA in November, and Regular Decision in January. Ensure all supplemental materials, including letters of recommendation and transcripts, are submitted promptly. For students applying with strong academic records and a clear passion for F&M's unique liberal arts environment, a well-crafted application, especially through Early Decision, offers the best path to admission.

How Franklin and Marshall College Compares to Similar Schools

Similar schools: Dickinson College, Gettysburg College, Ursinus College, Lafayette College

Advantages

Disadvantages

Best For

Avoid If

Frequently Asked Questions about Franklin and Marshall College

Is Franklin and Marshall College a good investment given its ROI score?

With a negative ROI score of -73, the financial return on investment for Franklin and Marshall College appears challenging in the short to medium term, as median earnings do not strongly outpace the cost and debt.

What is the typical debt load for graduates of Franklin and Marshall College?

The median debt at graduation for students at Franklin and Marshall College is $19,000.

How selective is Franklin and Marshall College?

Franklin and Marshall College has an admission rate of 28.2%, indicating a moderate level of selectivity.

Does Franklin and Marshall College offer a strong value proposition for its cost?

The college's high tuition and moderate earnings relative to cost suggest that the value proposition may be a concern for prospective students focused primarily on financial returns.

What kind of student experience can one expect at Franklin and Marshall College?

Students can expect a small campus environment with a student body of under 1,800, which typically fosters a close-knit community and more personalized attention.

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

Franklin and Marshall College has a highly selective admissions process, with an acceptance rate of approximately 28.2%. This indicates that for every 100 applicants, roughly 28 are offered admission. Getting into F&M requires a strong academic record, including high grades in challenging coursework (AP, IB, honors classes), competitive standardized test scores (though many schools are test-optional, strong scores can still bolster an application), and compelling essays that showcase personality, interests, and fit with the college's liberal arts mission. Extracurricular involvement, leadership roles, and demonstrated passion for specific subjects are also crucial. Applicants should focus on presenting a well-rounded profile that highlights intellectual curiosity and potential contributions to the F&M community. Early Decision options can sometimes offer a slight admissions advantage for highly qualified candidates who are certain F&M is their top choice.

Is Franklin and Marshall College worth the money?

Franklin and Marshall College's value proposition is nuanced. The sticker price of $70,794 is substantial, and the 10-year median earnings of $76,124 suggest a modest immediate return on investment, with an ROI score of -73. This means, on average, it takes a significant period for graduates to earn back the cost of their education. However, F&M's value extends beyond immediate salary figures. Its rigorous liberal arts curriculum fosters critical thinking, communication, and adaptability – skills highly valued in the long run across various professions. The median debt of $19,000 is manageable relative to the tuition cost. Graduates often pursue advanced degrees or enter fields where initial salaries are lower but career growth potential is high. For students seeking a strong foundation in the humanities and sciences, a close-knit community, and a powerful alumni network that can facilitate long-term career success, F&M can be a worthwhile investment, albeit one where the financial payoff may not be immediate. It's a good choice for those prioritizing holistic development and career longevity over rapid financial returns.

What are the best majors at Franklin and Marshall College?

Franklin and Marshall College excels in providing a broad range of strong liberal arts majors. While 'best' is subjective and depends on individual career goals, programs consistently recognized for their rigor and graduate success include Economics, Government, English, Biology, and Psychology. The Economics department, for instance, prepares students for careers in finance, consulting, and public policy, often with strong placement in major financial hubs. Government graduates frequently pursue careers in law, public service, and international relations, benefiting from F&M's strong emphasis on political science and history. The sciences, such as Biology and Chemistry, offer excellent preparation for medical school and graduate research programs, with students often engaging in undergraduate research alongside faculty. English and History majors develop exceptional analytical and writing skills, making them versatile candidates for fields like law, journalism, marketing, and education. The college also offers unique interdisciplinary programs that allow students to tailor their education to specific interests, fostering innovation and critical thinking across diverse fields.

What is student life like at Franklin and Marshall College?

Student life at Franklin and Marshall College is characterized by a vibrant, close-knit community deeply integrated with its liberal arts mission. The campus culture emphasizes intellectual engagement both inside and outside the classroom. Students are encouraged to participate in a wide array of extracurricular activities, including over 100 student organizations, ranging from academic clubs and cultural groups to arts ensembles and volunteer initiatives. F&M boasts a strong tradition of student government and a lively arts scene, with frequent performances, lectures, and exhibitions. Social life often revolves around campus events, student-run activities, and the college's strong sense of community. While not a major party school, there are ample opportunities for social interaction and fun. The college's location in Lancaster also provides students with opportunities to explore the city's restaurants, shops, and cultural attractions. The residential nature of the college fosters a strong sense of belonging and camaraderie among students.

How much financial aid does Franklin and Marshall College give?

Franklin and Marshall College is committed to making its education accessible through significant financial aid. The college meets 100% of demonstrated financial need for all admitted students, employing a need-blind admissions policy. This means that your ability to pay will not be a factor in the admissions decision. Financial aid packages typically consist of grants and scholarships, which do not need to be repaid, and sometimes include student loans and work-study opportunities. For the most recent entering class, a high percentage of students received financial aid, with the average grant aid awarded being substantial. While the sticker price is high, the actual cost for many students is significantly reduced through these aid programs. Prospective students are encouraged to complete the FAFSA (Free Application for Federal Student Aid) and the CSS Profile to determine their eligibility for federal, state, and institutional aid. F&M also offers merit-based scholarships, though need-based aid is the primary focus.

What salary can I expect after graduating from Franklin and Franklin and Marshall College?

Graduates from Franklin and Marshall College can expect a wide range of salaries, heavily influenced by their chosen major and career path. The 10-year median earnings for F&M alumni are reported at $76,124. However, this figure is an average and doesn't reflect the full spectrum of outcomes. Graduates entering high-demand fields like finance and consulting, particularly from majors such as Economics or Business, often secure starting salaries well above $80,000-$90,000, with significant potential for bonuses and rapid advancement. Those pursuing careers in STEM fields or entering graduate programs (like law or medicine) may have lower initial salaries but substantial long-term earning potential. Alumni in fields like education, non-profit work, or the arts might see lower starting salaries but often report high job satisfaction. The strong alumni network and career services at F&M play a crucial role in helping graduates secure competitive positions across various industries and geographic locations, ultimately impacting their earning potential.

What are the dorms like at Franklin and Franklin and Marshall College?

Franklin and Marshall College provides a comprehensive residential experience for its students, with a strong emphasis on community and support. All first-year students are required to live on campus, fostering an immediate sense of belonging. Housing options include traditional residence halls with shared rooms and common bathrooms, as well as suite-style living arrangements. Many halls are designated by year or interest, allowing students to connect with peers in similar stages of their academic journey or with shared passions. Upper-class students have a wider range of choices, including apartment-style living on campus or in nearby college-owned houses, offering more independence. All dorms are generally well-maintained and equipped with essential amenities, including Wi-Fi, laundry facilities, and common study areas. Resident Assistants (RAs) are available in each hall to provide support, organize community-building activities, and ensure a safe and inclusive living environment. The college aims to create a comfortable and conducive atmosphere for both academic success and social development.

Is Franklin and Franklin and Marshall College a good school for research?

Franklin and Marshall College offers excellent opportunities for undergraduate research, deeply integrating it into the liberal arts experience. The college strongly encourages students to engage in research alongside faculty members, providing hands-on experience that is often a hallmark of a top-tier liberal arts education. Many departments, particularly in the sciences like Biology, Chemistry, and Physics, have dedicated research labs where students can work on cutting-edge projects. F&M offers various research programs, including summer research fellowships and opportunities during the academic year, often with stipends. Students frequently present their findings at undergraduate research symposia on campus and at national conferences. This emphasis on research not only enhances a student's understanding of their field but also significantly strengthens their applications for graduate school and competitive job markets. The faculty's commitment to mentoring undergraduate researchers is a key strength of the F&M academic environment.

How does Franklin and Franklin and Marshall College compare to similar schools?

Franklin and Marshall College competes within the highly selective liberal arts college landscape. Its peers often include institutions like Dickinson College, Gettysburg College, Ursinus College, and Lafayette College. F&M generally stands out due to its slightly stronger national recognition and a particularly robust alumni network, especially in fields like finance and consulting, which often translates into strong internship and job placement outcomes. While many of these peers offer similar rigorous academic programs and a strong sense of community, F&M's reported 10-year median earnings are often higher than some of its more regionally focused counterparts. However, F&M's higher sticker price and associated ROI score might be a disadvantage compared to some peers that offer a comparable education at a slightly lower cost or with a faster financial payback. The overall student experience, emphasis on critical thinking, and career preparation are comparable across this tier of institutions.

What do employers think of a degree from Franklin and Franklin and Marshall College?

Employers generally hold a high regard for degrees from Franklin and Marshall College, recognizing the value of its rigorous liberal arts education. F&M graduates are known for their strong analytical, critical thinking, and communication skills, which are highly transferable and sought after across a wide range of industries. Companies that recruit from F&M, particularly in finance (e.g., J.P. Morgan, Goldman Sachs), consulting (e.g., Deloitte, Accenture), and technology (e.g., Google), value the intellectual curiosity and problem-solving abilities that F&M cultivates. The college's strong emphasis on undergraduate research and experiential learning also means graduates often enter the workforce with practical skills and a mature understanding of professional environments. The powerful and engaged alumni network further bolsters the perception of F&M graduates, as alumni are often eager to mentor and hire fellow graduates, reinforcing the brand value of an F&M degree in the job market.

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