Franklin College

What the IPEDS & College Scorecard Data Shows for Franklin College

Franklin College operates as a private nonprofit institution located in Franklin, Indiana (suburb: large), with a total reported enrollment of 900 students of which 922 are undergraduates. Institution-level records in the Integrated Postsecondary Education Data System (IPEDS) classify each school by Carnegie category, ownership sector, and urban/rural locale, which is how this profile’s peer group and cost cohort are determined. Franklin College is categorized as “21” under the Carnegie classification system, a meaningful signal when comparing like-to-like institutions.

Selectivity and financial signals give context to what applicants can expect. The reported admission rate is 69.8%, drawn from the most recent IPEDS Fall enrollment survey, with an average SAT of 1,145 and an ACT midpoint of 23. The average net price after grants and scholarships is $22,855, with published in-state tuition of $38,710 and a Pell grant recipient share of 36.4%. Median federal student debt at graduation is $27,000, drawn from the U.S. Treasury-matched College Scorecard file.

Outcomes reveal whether the investment pays back. The 4-year completion rate is 61.8%, and the first-year retention rate is 72.9%. Graduates earn a median of $55,376 ten years after enrolling, compared with $45,635 six years post-enrollment. Within three years of entering repayment, 55300.0% of borrowers are making progress on their federal loans, and 74.8% of graduates earn above the high-school threshold. Treating these numbers as a single snapshot alongside the cost cohort is the standard approach for evaluating ROI under the College Scorecard methodology.