Franklin College vs Virginia Military Institute

Franklin, IN — Lexington, VA

Metric
Franklin College
Franklin, IN
Virginia Military Institute
Lexington, VA
Location Franklin, IN Lexington, VA
Type Private Nonprofit Public
Total Enrollment 900 1,527
Acceptance Rate 69.8% 71.3%
SAT Average 1,145 1,244
In-State Tuition $38,710 $21,046
Out-of-State Tuition $38,710 $52,638
Avg Net Price $22,855 $17,113
Median Debt at Graduation $27,000 $22,996
4-Year Graduation Rate 61.8% 78.9%
Retention Rate 72.9% 81.0%
Median Earnings (6 yr) $45,635 $63,545
Median Earnings (10 yr) $55,376 $77,369
Loan Repayment Rate 55300.0% 46100.0%

Values highlighted in green indicate the better metric. Source: U.S. Department of Education College Scorecard.

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Franklin College
Franklin, IN
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Virginia Military Institute
Lexington, VA
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Frequently Asked Questions

How do Franklin College and Virginia Military Institute compare?
Franklin College (Franklin, IN) has an acceptance rate of 69.8%, in-state tuition of $38,710, and median 10-year earnings of $55,376. Virginia Military Institute (Lexington, VA) has an acceptance rate of 71.3%, in-state tuition of $21,046, and median 10-year earnings of $77,369.
Which school has higher graduate earnings, Franklin College or Virginia Military Institute?
Virginia Military Institute graduates earn more at 10 years out, with a median of $77,369 vs $55,376. Source: U.S. Department of Education College Scorecard.
Which school is more affordable, Franklin College or Virginia Military Institute?
Based on average net price (after grants and scholarships), Virginia Military Institute is the more affordable option at $17,113 per year versus $22,855.
Which school has a better 4-year graduation rate?
Virginia Military Institute has the higher 4-year graduation rate: 78.9% vs 61.8%.

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All data from the U.S. Department of Education College Scorecard. PlainCollege is not affiliated with any government agency.

Related

Source: U.S. Department of Education — College Scorecard College Scorecard institution outcomes (earnings, completion, debt) · 2025