F&M's tuition & fees has increased from $48,514 (2014) to $68,380 (2024), and the rate of tuition increase is 40.95% over the past 10 years.
F&M's tuition increase rate is higher than the Pennsylvania's average increase rate of 19.03%. Compare to all colleges in United States, it's increase rate is higher than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 35.96% from 2014 ($63,269).
For the current academic year 2023-2024, F&M's COA is $86,018, which is increased by 3.20% from last year.
The following table and chart show changes to F&M's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 40.95% for the last 10 years , and the 2024 tuition & fees are $68,380. The following table and chart show the tuition & fees changes at Franklin and Marshall College over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $800, and it has decreased -33.33% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,200 | - |
|---|
| 2015-16 | $1,200 | |
|---|
| 2016-17 | $1,200 | |
|---|
| 2017-18 | $1,200 | |
|---|
| 2018-19 | $1,200 | |
|---|
| 2019-20 | $1,200 | |
|---|
| 2020-21 | $1,200 | |
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| 2021-22 | $1,200 | |
|---|
| 2022-23 | $1,200 | |
|---|
| 2023-24 | $800 | -33.33% |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 24.22% when a student lives on-campus facilities and 24.22% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Franklin and Marshall College.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $13,555 | $13,555 | - |
|---|
| 2015-16 | $14,040 | $14,040 | 3.58% |
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| 2016-17 | $14,390 | $14,040 | 2.49% |
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| 2017-18 | $14,850 | $14,850 | 3.20% |
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| 2018-19 | $15,320 | $15,320 | 3.16% |
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| 2019-20 | $15,720 | $15,720 | 2.61% |
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| 2020-21 | $15,720 | $15,720 | |
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| 2021-22 | $16,012 | $16,012 | 1.86% |
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| 2022-23 | $16,310 | $16,310 | 1.86% |
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| 2023-24 | $16,838 | $16,838 | 3.24% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Franklin and Marshall College and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Franklin and Marshall College | $68,380 | $65,844 | 3.85% |
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|
| University of Pennsylvania | $66,104 | $63,452 | 4.18% |
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|
| Drexel University | $60,663 | $58,965 | 2.88% |
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| Carnegie Mellon University | $63,274 | $60,854 | 3.98% |
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| Villanova University | $64,701 | $61,618 | 5.00% |
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| Thomas Jefferson University | $45,533 | $44,200 | 3.02% |
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