Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 100.00% of students received grants or scholarships and 80% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14998 (98%)$16,803395 (39%)$4,245783 (77%)$7,247
2014-151,054 (98%)$17,502390 (36%)$4,171831 (77%)$7,100
2015-161,064 (98%)$17,736382 (35%)$4,238611 (56%)$9,314
2016-17990 (98%)$18,493369 (36%)$4,115586 (58%)$9,281
2017-18997 (98%)$19,851355 (35%)$4,191773 (76%)$10,786
2018-19927 (97%)$21,906355 (37%)$4,356690 (72%)$6,330
2019-20906 (98%)$23,376341 (37%)$4,651672 (73%)$6,084
2020-21938 (100%)$24,230358 (38%)$4,614669 (71%)$6,059
2021-22880 (98%)$29,358352 (39%)$5,004607 (68%)$9,722
Average973 (98.11%)$21,028366 (36.89%)$4,398691 (69.78%)$7,991
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14272 (100%)$17,389228 (84%)$8,136
2014-15327 (100%)$17,924275 (84%)$8,451
2015-16290 (100%)$18,941232 (80%)$7,612
2016-17238 (100%)$20,052197 (83%)$6,735
2017-18268 (100%)$21,074202 (75%)$7,173
2018-19272 (100%)$22,253210 (77%)$7,420
2019-20270 (100%)$24,987208 (77%)$10,112
2020-21293 (100%)$25,898228 (78%)$10,005
2021-22253 (100%)$28,290208 (82%)$10,266
Average276 (100.00%)$21,868221 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14114 (42%)$4,438114 (42%)$274118 (43%)$5,697272 (100%)$12,942
2014-15113 (35%)$4,262113 (35%)$310130 (40%)$5,979327 (100%)$13,967
2015-16114 (39%)$4,437114 (39%)$300130 (45%)$6,583290 (100%)$14,127
2016-1791 (38%)$4,50690 (38%)$266101 (42%)$6,815238 (100%)$15,337
2017-18108 (40%)$4,148108 (40%)$326124 (46%)$6,955268 (100%)$16,053
2018-19118 (43%)$4,477116 (43%)$275123 (45%)$7,539272 (100%)$16,784
2019-20123 (46%)$4,66490 (33%)$1,062132 (49%)$7,673270 (100%)$18,757
2020-21126 (43%)$4,25149 (17%)$852143 (49%)$6,857293 (100%)$20,581
2021-22117 (46%)$4,78097 (38%)$912130 (51%)$7,045253 (100%)$22,110
Average114 (41.33%)$4,44099 (36.11%)$509126 (45.56%)$6,794276 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14228 (84%)$8,136228 (84%)$6,44229 (11%)$13,318
2014-15275 (84%)$8,451275 (84%)$6,14449 (15%)$12,947
2015-16232 (80%)$7,612232 (80%)$5,66341 (14%)$11,031
2016-17197 (83%)$6,735197 (83%)$5,56621 (9%)$10,966
2017-18202 (75%)$7,173201 (75%)$5,30132 (12%)$11,984
2018-19210 (77%)$7,420210 (77%)$5,33830 (11%)$14,574
2019-20208 (77%)$10,112206 (76%)$8,57620 (7%)$16,828
2020-21228 (78%)$10,005228 (78%)$8,45629 (10%)$12,175
2021-22208 (82%)$10,266208 (82%)$8,13125 (10%)$17,767
Average221 (80.00%)$8,434221 (79.89%)$6,62431 (11.00%)$13,510

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