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What is the average financial aid amount at Franklin and Marshall College?

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For the academic year 2022-2023, total 362 full-time, first-time students (71% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 1,340 students (62% of all students) received grants or scholarships and the average grant amount is $50,919. In addition, 1,005 students received student loans and the average loan amount is $5,776.

Below tables show the number and amount by source of financial aid at Franklin and Marshall College.
All Undergraduate Student Financial Aid at Franklin and Marshall College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid1,34062%$50,919
Pell Grants40419%$5,077
Federal Student Loans1,00546%$5,776
Beginning Students (Freshmen) Financial Aid at Franklin and Marshall College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid36271%-
Grants or Scholarship from All Sources32363%$49,177
Federal Grants8216%$5,555
Pell Grants8216%$4,840
Other Federal Grants8216%$715
State/Local Grants357%$4,227
Institutional Grants32263%$47,456
Student Loans27554%$8,059
Federal Student Loans24949%$5,060
Other Student Loans6112%$15,675

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