For the academic year 2022-2023, total 253 full-time, first-time students (100% 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 880 students (98% of all students) received grants or scholarships and the average grant amount is $29,358. In addition, 607 students received student loans and the average loan amount is $9,722.
Below tables show the number and amount by source of financial aid at Franklin College.
For all undergraduate students, total 880 students (98% of all students) received grants or scholarships and the average grant amount is $29,358. In addition, 607 students received student loans and the average loan amount is $9,722.
Below tables show the number and amount by source of financial aid at Franklin College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 880 | 98% | $29,358 |
| Pell Grants | 352 | 39% | $5,004 |
| Federal Student Loans | 607 | 68% | $9,722 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 253 | 100% | - |
| Grants or Scholarship from All Sources | 253 | 100% | $28,290 |
| Federal Grants | 117 | 46% | $5,536 |
| Pell Grants | 117 | 46% | $4,780 |
| Other Federal Grants | 97 | 38% | $912 |
| State/Local Grants | 130 | 51% | $7,045 |
| Institutional Grants | 253 | 100% | $22,110 |
| Student Loans | 208 | 82% | $10,266 |
| Federal Student Loans | 208 | 82% | $8,131 |
| Other Student Loans | 25 | 10% | $17,767 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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