Franklin & Marshall College

Usually, colleges raise tuition about 3% each year.

If this information makes going to college seem daunting, remember, the total cost of tuition isn't necessarily what you will have to pay to attend a school. Many students owe way less than the total tuition after grants, scholarships, and tuition discounts kick in. Plus, student loans can make theprice of collegefeel more doable until after graduation.

Franklin & Marshall College meets 100% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Franklin & Marshall College is around $54,927 a year.

The average student debt for graduates in the class of 2023 was around $29,998 per student, not including those with no debt.

Franklin & Marshall College: In-state vs. Out-of-State Tuition

Franklin & Marshall College is a private, nonprofit institution, so it has the same tuition for residents of Pennsylvania as it does for students who live in other states.

Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.

Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Take the time to verify your state's requirements for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on where you live.

Explore other Pennsylvania colleges

Do International Students Pay More to Go to Franklin & Marshall College?

Franklin & Marshall College has the same tuition for international students as for those from out of state.

International students usually do not qualify for for loans or grants from the U.S. government, but should research private or Franklin & Marshall College-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may qualify for the following types of financial support at Franklin & Marshall College:

•On-campus jobs •Franklin & Marshall College-specific loans •Franklin & Marshall College-specific scholarships

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Franklin & Marshall College Room, Board, Fees, and More

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Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at Franklin & Marshall College.

House and Food Costs at Franklin & Marshall College

Board costs vary based on on the number of meals you intend to eat on-campus

How Much Do Books Cost at Franklin & Marshall College?

The cost of books often surprises first-year college students. The actual cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Yearly Fees

The majority of colleges charge some yearly fees to help cover the cost of facilties, like the library, gym and computer labs.

Keep in mind, there could also be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools offer ways for students who may struggle to participate because of cost can get help covering these costs.

Transportation costs

The total cost of getting around in college depends on a few key factors. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. At Franklin & Marshall College, freshman are not allowed to park on campus.

A school's location can also have a big effect on your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, transportation in an urban area is usually costly, but cities may offer more buses, trains or affordable flights to actually get to school. The Franklin & Marshall College campus is in a suburb in Pennsylvania, not far from Philadelphia.

Other Costs

When estimating your budget for college, don’t forget to leave some room in your budget for personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.

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Total Tuition and Expenses at Franklin & Marshall College

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Now, let’s go over all of the costs we've covered, to get a better idea of how much students can expect to shell out for Franklin & Marshall College.

How Much Does Franklin & Marshall College Cost?

What will the cost of attending Franklin & Marshall College be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Franklin & Marshall College Financial Aid

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The majority of Franklin & Marshall College undergrads use financial aid to help pay for school. In 2023, 1,169 of the 1,990 undergrads enrolled received financial aid. Franklin & Marshall College meets 100% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $54,927 a year. Around 54% of Franklin & Marshall College undergrads take out student loans to cover any remaining costs. Franklin & Marshall College graduates who have student loans graduate with an average of $29,998 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$20,042
State Loans	$61,713
Franklin & Marshall College-Specific Loans	$4,386
Private Loans	$53,019

Most Common Loans for Franklin & Marshall College Students
Federal Loans	49%
State loans	1%
Institutional Loans	31%
Private loans	9%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Franklin & Marshall College financial aid, keep reading, or visit their financial aid website.

Scholarships at Franklin & Marshall College

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Franklin & Marshall College awarded 1,166 need-based scholarships to students, giving away total of $63 million to help students with financial need cover the cost of school. An additional $2.6 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Franklin & Marshall College Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Franklin & Marshall College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Franklin & Marshall College was $54,927 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Franklin & Marshall College seem more manageable.

What will attending Franklin & Marshall College really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Franklin & Marshall College's net cost calculator on their website.

Franklin & Marshall College Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Franklin & Marshall College does not have guaranteed tuition.

Franklin & Marshall College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

FandM Tuition Waivers

Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

FandM has some full or partial tuition waivers available for: - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Franklin & Marshall College's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

For more information about Franklin & Marshall College's endowment, check with the school directly.

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Learn More About Franklin & Marshall College

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Click below to find out more about the admissions requirements and deadlines, student life, academics, majors and more.

Overview

Student Life

Academics

Admissions

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