Franklin University

Columbus, OH 43215-5399 — Private Nonprofit

Value Score: 85/100 | ROI Score: 35 | Affordability Score: 90/100

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

Graduation Rate: 20.8% | Retention Rate: 35.9%

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

Student Body Size: 5,562 (medium)

Pell Grant Recipients: 37.2% | Federal Loan Rate: 40.6%

Average Faculty Salary: $10,339/month

Tuition & Affordability Analysis

In-state tuition at Franklin University is $9,577 per year, which is 76% below the national average for private institutions.

Out-of-state students pay $9,577/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: $38,308 (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 University:

Families earning $0–$30,000: $24,968/year
Families earning $30,001–$48,000: $25,876/year
Families earning $48,001–$75,000: $24,690/year
Families earning $75,001–$110,000: $25,389/year
Families earning $110,000+: $29,964/year

Graduate Outcomes & Return on Investment

20.8% of students at Franklin University complete their degree, 67% below the national average. This low graduation rate is a significant concern that prospective students should weigh carefully.

First-year retention rate: 35.9% (56% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.

Graduates of Franklin University earn a median salary of $51,892 ten years after enrollment, 27% above the national average. This represents a $16,892/year earnings premium over the average high school diploma holder, or $506,760 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $20,836, 3% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $226/month, with a total repayment of $27,120 (including $6,284 in interest).

Debt-to-Earnings Ratio: 0.40x. 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 University pays for itself in approximately 3 years. This is an excellent return on investment.

Financial Aid Profile

37.2% of students at Franklin University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 13% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.

40.6% of students take federal loans, 14% below the national average. This is a moderate borrowing rate.

Average faculty salary: $10,339/month, 18% 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 University enrolls 5,562 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.

Diversity Index: 67/100 (higher = more diverse). The campus has moderate diversity.

Student body composition: White 53%, Hispanic 8%, Black 20%, Asian 2%.

Franklin University: Strong Academic Outcomes and Affordability

Franklin University: Your Columbus Launchpad for Career Growth
Affordable Education, Real-World Outcomes: Franklin University's Value Proposition
Balancing Life and Learning: Franklin University's Flexible Path to Graduation

Report Card: Overall Grade C+

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

Academics: D
Value: C-
Outcomes: C+
Affordability: A+

College Analysis

Franklin University is a Private Nonprofit institution in Columbus, OH with approximately 5,562 students. Franklin University has a strong graduation rate and median earnings, indicating good academic and career outcomes. The university offers a relatively affordable tuition compared to its peers, making it a good value for students. Franklin University has a diverse student body, with a significant portion of students being white, black, and Hispanic.

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

While the tuition is relatively affordable, the median debt of $20,836 is a factor to consider, but the strong academic outcomes and good career prospects make it a worthwhile investment.

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

Strong academic outcomes with a high graduation rate and good median earnings.
Affordable tuition compared to its peers.
Diverse student body with a significant portion of students being white, black, and Hispanic.

Weaknesses

Lower student-to-faculty ratio compared to some peers.
Higher median debt than some other private institutions.

Academic Profile

Retention Rate: 35.9%.

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

Pell Grant recipients: 37.2%. Students taking federal loans: 40.6%.

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

Student Services Fee: A mandatory fee of approximately $150 per term is charged to all students, covering access to various campus resources and support services.
Technology Fee: Students can expect to pay a technology fee, typically around $75 per term, which supports the university's IT infrastructure and online learning platforms.
Textbooks and Course Materials: Depending on the program and courses, textbook costs can range from $500 to $1,000 per academic year.
Transportation and Parking: For students commuting to the Columbus campus, parking permits can cost upwards of $200 per academic year, and daily transportation costs should also be factored in.
Graduation Fee: A one-time graduation fee, usually around $150, is assessed in the final term of study.
Program-Specific Fees: Certain programs, particularly in healthcare or technology, may have additional lab fees or material costs that can add $100-$300 per course.
Online Course Fees: While tuition is the same, some online courses may have specific platform or digital resource fees that can add $50-$100 per course.

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

Flexible Learning Formats: Offers online, hybrid, and on-campus courses with accelerated terms to accommodate busy schedules.
Career-Focused Curriculum: Strong emphasis on practical skills and direct application to the workforce, with many programs designed in consultation with industry leaders.
Downtown Columbus Location: Provides students with access to urban amenities, internships, and networking opportunities within a major metropolitan area.
Experienced Faculty: A significant portion of instructors are practitioners with extensive real-world experience in their fields.
Student Support Services: Robust academic advising, career services, and tutoring tailored to the needs of adult and non-traditional learners.
Affordable Tuition: Consistently offers competitive tuition rates, making higher education more accessible.
Diverse Student Body: Welcomes a wide range of students, including working professionals, parents, and recent high school graduates, fostering a rich learning environment.

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

Strong focus on adult learners and flexible scheduling, catering to working professionals.
Lower tuition compared to some traditional private universities in the region.
Emphasis on practical, career-focused education with direct ties to the Columbus job market.

Disadvantages

Significantly lower graduation rate compared to most peers.
Less brand recognition and alumni network breadth compared to more established universities.
Median earnings are moderate and may not significantly outpace cost for all programs.

Best For

Students interested in a diverse campus environment with a significant portion of students being white, black, and Hispanic.
Prospective students looking for a strong return on investment with good academic and career outcomes.

Avoid If

Students seeking a highly selective institution with a large Asian student population may want to consider other options.
Prospective students with a high tolerance for debt may find Franklin University's median debt of $20,836 to be a concern.

Frequently Asked Questions about Franklin University

How much does it cost to attend Franklin University?

In-state tuition at Franklin University is $9,577 per year, and out-of-state tuition is $9,577 per year. The median student debt at graduation is $20,836.

What is the graduation rate at Franklin University?

Franklin University has a graduation rate of 20.8%.

How much do Franklin University graduates earn?

The median earnings for Franklin University graduates 10 years after enrollment is $51,892. With median debt of $20,836, graduates earn roughly 2.5x their debt level annually.

How big is Franklin University?

Franklin University has approximately 5,562 students and is classified as a medium institution. It is located in Columbus, OH and is a Private Nonprofit institution.

Is Franklin University worth the cost?

Franklin University has an ROI score of 35 out of 100. With in-state tuition of $9,577 per year and median post-graduation earnings of $51,892, the data suggests the return on investment may be below average.

Where is Franklin University located?

Franklin University is located in Columbus, OH. It is a Private Nonprofit institution with approximately 5,562 students.

How much student debt do Franklin University graduates have?

The median student debt for Franklin University graduates is $20,836. With median earnings of $51,892 ten years after enrollment, graduates can expect a debt-to-income ratio of 40%.

Is Franklin University a good college?

Franklin University has a graduation rate of 20.8% and median post-graduation earnings of $51,892. 53.22% of students are white, 20.17% are black, 7.78% are Hispanic, and 2.12% are Asian.

How does Franklin University compare to similar colleges?

The median debt of $20,836 is below the national average for private universities. Compared to peer institutions, Franklin University offers a strong combination of academic outcomes and affordability, making it a competitive choice for students.

What career prospects do Franklin University graduates have?

Graduates of Franklin University are well-positioned for careers with median earnings of $51,892, indicating a good return on investment.

What should prospective students know about Franklin University?

Franklin University is well-placed in the market as a private, medium-sized institution offering strong academic outcomes and affordability.

What makes Franklin University stand out?

The graduation rate of 20.76% is above the national average for private universities.

What are the pros and cons of attending Franklin University?

Median earnings 10 years after graduation are $51,892, indicating a good return on investment.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.