How Franklin's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Franklin College since 2013.

For that period, the average number of students who received grants aid/scholarships is 973, which is 98.11 % of all undergraduate students. 691 students which is 69.78% of undergraduate students received federal student loans and the average loan amount is $7,991.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	998 (98%)	$16,803	395 (39%)	$4,245	783 (77%)	$7,247
2014-15	1,054 (98%)	$17,502	390 (36%)	$4,171	831 (77%)	$7,100
2015-16	1,064 (98%)	$17,736	382 (35%)	$4,238	611 (56%)	$9,314
2016-17	990 (98%)	$18,493	369 (36%)	$4,115	586 (58%)	$9,281
2017-18	997 (98%)	$19,851	355 (35%)	$4,191	773 (76%)	$10,786
2018-19	927 (97%)	$21,906	355 (37%)	$4,356	690 (72%)	$6,330
2019-20	906 (98%)	$23,376	341 (37%)	$4,651	672 (73%)	$6,084
2020-21	938 (100%)	$24,230	358 (38%)	$4,614	669 (71%)	$6,059
2021-22	880 (98%)	$29,358	352 (39%)	$5,004	607 (68%)	$9,722
Average	973 (98.11%)	$21,028	366 (36.89%)	$4,398	691 (69.78%)	$7,991

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 276 (100.00 % of students) received grants or scholarships and its average amount is $21,868. It can cover 58.55% of tuition & fees ($37,350).

In addition, 221 (80.00 % of students) students get helped from the students loans (average amount : $8,434).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	272 (100%)	$17,389	228 (84%)	$8,136
2014-15	327 (100%)	$17,924	275 (84%)	$8,451
2015-16	290 (100%)	$18,941	232 (80%)	$7,612
2016-17	238 (100%)	$20,052	197 (83%)	$6,735
2017-18	268 (100%)	$21,074	202 (75%)	$7,173
2018-19	272 (100%)	$22,253	210 (77%)	$7,420
2019-20	270 (100%)	$24,987	208 (77%)	$10,112
2020-21	293 (100%)	$25,898	228 (78%)	$10,005
2021-22	253 (100%)	$28,290	208 (82%)	$10,266
Average	276 (100.00%)	$21,868	221 (80.00%)	$8,434

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 114 (41.33 % of students) received Pell (federal) grants and its average amount is $4,440.

In addition, 126 students received State/local government grants/scholarships (45.56 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	114 (42%)	$4,438	114 (42%)	$274	118 (43%)	$5,697	272 (100%)	$12,942
2014-15	113 (35%)	$4,262	113 (35%)	$310	130 (40%)	$5,979	327 (100%)	$13,967
2015-16	114 (39%)	$4,437	114 (39%)	$300	130 (45%)	$6,583	290 (100%)	$14,127
2016-17	91 (38%)	$4,506	90 (38%)	$266	101 (42%)	$6,815	238 (100%)	$15,337
2017-18	108 (40%)	$4,148	108 (40%)	$326	124 (46%)	$6,955	268 (100%)	$16,053
2018-19	118 (43%)	$4,477	116 (43%)	$275	123 (45%)	$7,539	272 (100%)	$16,784
2019-20	123 (46%)	$4,664	90 (33%)	$1,062	132 (49%)	$7,673	270 (100%)	$18,757
2020-21	126 (43%)	$4,251	49 (17%)	$852	143 (49%)	$6,857	293 (100%)	$20,581
2021-22	117 (46%)	$4,780	97 (38%)	$912	130 (51%)	$7,045	253 (100%)	$22,110
Average	114 (41.33%)	$4,440	99 (36.11%)	$509	126 (45.56%)	$6,794	276 (100.00%)	$16,740

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 221 (80.00 % of students) get any students loan help and its average loan amount is $221.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	228 (84%)	$8,136	228 (84%)	$6,442	29 (11%)	$13,318
2014-15	275 (84%)	$8,451	275 (84%)	$6,144	49 (15%)	$12,947
2015-16	232 (80%)	$7,612	232 (80%)	$5,663	41 (14%)	$11,031
2016-17	197 (83%)	$6,735	197 (83%)	$5,566	21 (9%)	$10,966
2017-18	202 (75%)	$7,173	201 (75%)	$5,301	32 (12%)	$11,984
2018-19	210 (77%)	$7,420	210 (77%)	$5,338	30 (11%)	$14,574
2019-20	208 (77%)	$10,112	206 (76%)	$8,576	20 (7%)	$16,828
2020-21	228 (78%)	$10,005	228 (78%)	$8,456	29 (10%)	$12,175
2021-22	208 (82%)	$10,266	208 (82%)	$8,131	25 (10%)	$17,767
Average	221 (80.00%)	$8,434	221 (79.89%)	$6,624	31 (11.00%)	$13,510

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Scholarships, Grants, and Loan Trends at Franklin

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time