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F&M Financial Aid

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Number Received Financial Aid (All Undergraduate) 1,463
Percent Received Financial Aid(All Undergraduate) 63%
Average Aid Amount $43,423
Number Received Financial Aid (Freshmen) 371
Percent Received Financial Aid (Freshmen) 59%

Financial Aid Information at F&M

For the academic year 2019-2020, a total of 1,463 students (63% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $43,423. For freshmen (Full-time, first-time degree-seeking undergraduate students), 371 students (59% of enrolled students) received financial aid.
The 2022 undergraduate tuition & fees at Franklin and Marshall College is $63,406, for reference.

All Undergraduate Students Financial Aid

For the academic year 2019-2020, a total of 1,463 students (63% of all students) have received grants or scholarships and the average received aid amount is $43,423. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Franklin and Marshall College for all undergraduate students.
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 aid1,46363%$43,423
Pell Grants43419%$4,953
Federal Student Loans1,01244%$5,393

Beginning Students Financial Aid

a total of 371 beginning students (59% of all freshmen) have received any financial aid and 362 students (58% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Franklin and Marshall College.
Beginning Students (Freshmen) Financial Aid at Franklin and Marshall College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid37159%-
Grants or Scholarship from All Sources33954%$48,000
Federal Grants13221%$6,217
Pell Grants13121%$4,981
Other Federal Grants12620%$1,334
State/Local Grants498%$3,656
Institutional Grants33754%$45,318
Student Loans29848%$6,871
Federal Student Loans26843%$3,901
Other Student Loans18730%$5,359