Number Received Financial Aid (All Undergraduate)
3,332
Percent Received Financial Aid(All Undergraduate)
59%
Average Aid Amount
$6,634
Number Received Financial Aid (Freshmen)
20
Percent Received Financial Aid (Freshmen)
91%
Financial Aid Information at Franklin
For the academic year 2023-2024, a total of 3,332 students (59% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $6,634. For freshmen (Full-time, first-time degree-seeking undergraduate students), 20 students (91% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Franklin University is $9,577, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 3,332 students (59% of all students) have received grants or scholarships and the average received aid amount is $6,634. 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 University for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 3,332 | 59% | $6,634 |
| Pell Grants | 1,888 | 33% | $4,006 |
| Federal Student Loans | 2,219 | 39% | $5,649 |
Beginning Students Financial Aid
a total of 20 beginning students (91% of all freshmen) have received any financial aid and 20 students (91% 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 University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 20 | 91% | - |
| Grants or Scholarship from All Sources | 20 | 91% | $6,477 |
| Federal Grants | 18 | 82% | $4,375 |
| Pell Grants | 18 | 82% | $4,375 |
| Other Federal Grants | 0 | 0% | - |
| State/Local Grants | 15 | 68% | $3,275 |
| Institutional Grants | 3 | 14% | $556 |
| Student Loans | 15 | 68% | $4,534 |
| Federal Student Loans | 15 | 68% | $4,534 |
| Other Student Loans | 0 | 0% | - |
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