Franklin and Marshall College
Lancaster, PA 17604-3003 — Private Nonprofit
Value Score: 65/100 | ROI Score: -73 | Affordability Score: 35/100
Tuition (In-State): $70,794 | Out-of-State: $70,794
Acceptance Rate: 28.2% | Graduation Rate: 84.9% | Retention Rate: 90.2%
Median Earnings (10yr): $76,124 | Median Debt: $19,000
SAT Average: 1392
Student Body Size: 1,799 (small)
Pell Grant Recipients: 15.8% | Federal Loan Rate: 44.5%
Average Faculty Salary: $11,293/month
Tuition & Affordability Analysis
In-state tuition at Franklin and Marshall College is $70,794 per year, which is 80% above the national average for private institutions.
Out-of-state students pay $70,794/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $283,176 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Franklin and Marshall College:
- Families earning $0–$30,000: $12,321/year
- Families earning $30,001–$48,000: $16,942/year
- Families earning $48,001–$75,000: $16,245/year
- Families earning $75,001–$110,000: $25,104/year
- Families earning $110,000+: $49,996/year
Low-income families receive an average discount of $58,473/year, paying just 17% of the sticker price.
Admissions Snapshot
Franklin and Marshall College has an acceptance rate of 28.2%, placing it in the Very Selective (20–35%) category. This means roughly 1,595 students apply each year.
The average SAT score of admitted students is 1392, 31% above the national average. This reflects a strong academic student body.
Graduate Outcomes & Return on Investment
84.9% of students at Franklin and Marshall College complete their degree, 37% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.
First-year retention rate: 90.2% (11% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.
Graduates of Franklin and Marshall College earn a median salary of $76,124 ten years after enrollment, 86% above the national average. This represents a $41,124/year earnings premium over the average high school diploma holder, or $1,233,720 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $19,000, 12% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $206/month, with a total repayment of $24,720 (including $5,720 in interest).
Debt-to-Earnings Ratio: 0.25x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Franklin and Marshall College pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
15.8% of students at Franklin and Marshall College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 52% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
44.5% of students take federal loans, 5% below the national average. This is a moderate borrowing rate.
Average faculty salary: $11,293/month, 29% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Franklin and Marshall College enrolls 1,799 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 64/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 59%, Hispanic 9%, Black 5%, Asian 5%.
Franklin and Marshall College: A Small, Private Institution with Strong Academic Programs and High Graduation Rates
- Franklin and Marshall: A Liberal Arts Investment with Long-Term Career Dividends
- Beyond the Classroom: How F&M Graduates Launch Successful Careers
- Lancaster Living, Global Impact: The F&M Experience
Report Card: Overall Grade C
Franklin and Marshall College receives an overall grade of C based on six dimensions:
- Academics: A-
- Value: F
- Outcomes: B+
- Affordability: D
College Analysis
Franklin and Marshall College is a Private Nonprofit institution in Lancaster, PA with approximately 1,799 students. Academics: Franklin and Marshall College offers a strong liberal arts education with a focus on small class sizes and personalized learning experiences. Value: The college has a relatively high median debt and low ROI score, indicating that graduates may face significant financial burdens despite potentially high earnings. Outcomes: Graduates have a high graduation rate and earn a median salary of $76,124 ten years after graduation, suggesting strong career readiness.
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
While Franklin and Marshall College offers a high-quality education, the high tuition and potential for significant debt may not justify the cost for some students.
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
- Strong academic programs and personalized learning experiences.
- High graduation rate and supportive academic environment.
- Diverse student body with a focus on small class sizes.
Weaknesses
- High tuition and potential for significant student debt.
- Low ROI score, indicating a less favorable return on investment.
- Limited research opportunities compared to larger institutions.
Academic Profile
SAT Average: 1392. Retention Rate: 90.2%.
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
Pell Grant recipients: 15.8%. Students taking federal loans: 44.5%.
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
- Student Activity Fee: Approximately $200 per semester, supporting student organizations and campus events.
- Health Insurance: If you are not covered by a parent's plan, F&M's student health insurance plan costs around $3,000-$4,000 annually.
- Textbooks and Supplies: Budget an average of $1,000-$1,500 per academic year for books and course materials.
- Personal Expenses: Allow $1,500-$2,500 annually for laundry, toiletries, entertainment, and other personal needs.
- Transportation: Costs for travel home during breaks or for weekend trips can vary widely, but budget at least $500-$1,000 annually.
- Parking Permit: If you plan to bring a car to campus (which is generally discouraged for underclassmen), a parking permit can cost $100-$200 per year.
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
- The historic and beautiful campus, featuring a blend of Gothic and Georgian architecture.
- Guaranteed housing for all four years, fostering a strong residential community.
- The vibrant city of Lancaster, offering students opportunities for internships, cultural experiences, and off-campus exploration.
- A strong emphasis on undergraduate research and faculty mentorship.
- The College Scholars program, offering a challenging academic path for top students.
- A diverse array of over 150 student clubs and organizations.
- The annual 'Diplomat Days' spirit week, culminating in a major campus-wide event.
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
- Stronger national recognition and alumni network compared to some regional peers.
- More robust career services and internship placement support, particularly in finance and consulting.
- Higher median earnings reported over a 10-year period compared to some smaller liberal arts colleges.
Disadvantages
- Higher sticker price and potentially lower immediate ROI compared to some peers.
- Smaller student body size might offer fewer course options or extracurriculars than larger institutions.
Best For
- Students seeking a large university environment or extensive research opportunities may find Franklin and Marshall less appealing.
- Prospective students should consider the high tuition and potential for significant debt.
- Students looking for a more diverse student body may find the current demographics limiting.
Avoid If
- Students who are looking for a more affordable option or a larger university setting may want to consider other institutions.
- Prospective students who are not interested in a liberal arts education may find Franklin and Marshall less suitable.
Frequently Asked Questions about Franklin and Marshall College
How much does it cost to attend Franklin and Marshall College?
In-state tuition at Franklin and Marshall College is $70,794 per year, and out-of-state tuition is $70,794 per year. The median student debt at graduation is $19,000.
What is the acceptance rate at Franklin and Marshall College?
Franklin and Marshall College has an acceptance rate of 28.2%.
What is the graduation rate at Franklin and Marshall College?
Franklin and Marshall College has a graduation rate of 84.9%.
How much do Franklin and Marshall College graduates earn?
The median earnings for Franklin and Marshall College graduates 10 years after enrollment is $76,124. With median debt of $19,000, graduates earn roughly 4.0x their debt level annually.
How big is Franklin and Marshall College?
Franklin and Marshall College has approximately 1,799 students and is classified as a small institution. It is located in Lancaster, PA and is a Private Nonprofit institution.
Is Franklin and Marshall College worth the cost?
Franklin and Marshall College has an ROI score of -73 out of 100. With in-state tuition of $70,794 per year and median post-graduation earnings of $76,124, the data suggests the return on investment may be below average.
Where is Franklin and Marshall College located?
Franklin and Marshall College is located in Lancaster, PA. It is a Private Nonprofit institution with approximately 1,799 students.
How much student debt do Franklin and Marshall College graduates have?
The median student debt for Franklin and Marshall College graduates is $19,000. With median earnings of $76,124 ten years after enrollment, graduates can expect a debt-to-income ratio of 25%.
Is Franklin and Marshall College a good college?
Franklin and Marshall College has a graduation rate of 84.9% and median post-graduation earnings of $76,124. High admission rate of 28.2% for a selective private institution.
How does Franklin and Marshall College compare to similar colleges?
Median earnings 10 years after graduation are above the national average for liberal arts colleges. Compared to peer institutions, Franklin and Marshall College offers a strong academic experience but may not provide the best return on investment.
What career prospects do Franklin and Marshall College graduates have?
Graduates of Franklin and Marshall College are well-prepared for careers in a variety of fields, particularly those requiring strong analytical and communication skills.
What should prospective students know about Franklin and Marshall College?
Franklin and Marshall College is positioned as a high-end liberal arts institution, attracting students willing to invest in a quality education despite the high cost.
What makes Franklin and Marshall College stand out?
Graduation rate is 84.93%, indicating a supportive academic environment.
What are the pros and cons of attending Franklin and Marshall College?
Student body is diverse with a significant proportion of Asian students.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.