Franklin University (FU) is a medium-size, private, non-profit university located in Columbus, OH. Franklin is distinguished by its focus on online learning and facilitating education for working adults. With over 4,000 undergraduate students and nearly 2,000 graduate students, both the physical and virtual campuses are buzzing with intellectual power. Degree options start with certificates and then rise through associate degrees clear to PhD options. For undergraduate students, FU offers 38 bachelor's degrees. For those who are in more of a hurry, Franklin U offers 11 career-focused associate degree options.
Overview of Franklin University (FU)
In fact, Franklin is able to help students learn while conducting their everyday lives. Online degree options at Franklin are impressive and include credentials in fields such as analytics, business, education, finance & accounting, healthcare, management, nursing, social sciences, and technology. Franklin is also there to help those with degrees take their careers to the next level.
Franklin achieves this by offering micro-credentials. These programs are designed to deliver very specific skill sets in the minimum amount of time. For instance, they offer certificates in area such as IBM data analyst, dental assistant, IBM cybersecurity, and Amazon web services, to name a few from the list of business micro-credential options. There are other options in computer science, data science, and information technology.
|School Type||Private not-for-profit|
|Campus Setting||City: Large|
|Student Faculty Ratio||13:1|
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Franklin University Acceptance Rate and Admissions
|High School GPA||NA|
|High School Rank||NA|
|High School Transcripts||NA|
|College Prep Courses||NA|
|TOEFL (Test of English as a Foreign Language)||NA|
|Common Application Accepted||NA|
FU Tuition Cost & Financial Aid
Franklin University delivers top notch education as a private institution. While private schools are generally thought to be very expensive, Franklin's $10,000 gross price tag for a year of tuition, books, and supplies is very competitive with public schools nationwide. When students add on room and board as well as other costs of living, the grand total for a year at Franklin comes to around $30,000. However, the estimated $19,000 price tag to live for a year in Columbus, OH does seem a bit high.
Nevertheless, gross prices are only part of the story when it comes to earning a degree at Franklin. The average net price tag for a year come to $7,500, which includes all costs including room and board. This number falls to $6,500 for the lowest earning households and only peaks at $10,000 for households in the $75-$110k tax bracket. These figures are eye-poppingly good and indicate a very affordable college education one the financial aid office takes a hand and students gather appropriate scholarships and available grants.
|Average net price||2018-2019|
|Average Total Aid||$17,789|
|Students Receiving Financial Aid||95%|
|Room & Board||$14,914|
- Tuition In-State - $9,577
- Tuition Out-of-State - $9,577
- Books and Supplies - $1,080
- Room & Board - $14,914
- Other - $5,842
Every student has academics at the top of their list when they go searching for colleges. They seek out schools with desirable programs that will help them earn the life they're dreaming of. Thus, researchers seek to help students by evaluating the data to provide the most objective view possible. Unfortunately, this data has been compromised in some cases.
In fact, Franklin University was beset with trouble during the COVID pandemic years. They were forced to close their branch university, Urbana University. Since Urbana comprised the vast majority of Franklin's first-time, full-time students, their retention rate fell precipitously.
However, Franklin still reports strong graduation numbers. Their students graduate at a rate of 42%, with 37% pursuing their degrees elsewhere. Since those transfer students are typically highly motivated, it can be assumed that they may still graduate, if from some other institution. Thus, Franklin can be said to prepare 79% of its students for academic and career success.
Researchers will be sure to keep an eye on Franklin's retention rates once the dust settles from the pandemic.
Student Population Total
Most Popular Programs & Majors
(# of Diplomas Awarded by Subject)
|All Business Majors||662 Total Graduates / 66%|
|Business Administration and Management, General||252 Graduates|
|Operations Management and Supervision||50 Graduates|
|Finance, General||39 Graduates|
|Health Professions and Related Programs||125 Total Graduates / 12%|
|Registered Nursing/Registered Nurse||64 Graduates|
|Health/Health Care Administration/Management||58 Graduates|
|Health Information/Medical Records Technology/Technician||3 Graduates|
|All Computer Information Science Majors||67 Total Graduates / 7%|
|Information Technology||23 Graduates|
|Computer Science||22 Graduates|
|Computer and Information Systems Security/Auditing/Information Assurance||15 Graduates|
|Web Page, Digital/Multimedia and Information Resources Design||7 Graduates|
|All Psychology Majors||36 Total Graduates / 4%|
|Applied Psychology||31 Graduates|
|Psychology, General||5 Graduates|
|Homeland Security, Law Enforcement, Firefighting and Related Protective Services||34 Total Graduates / 3%|
|Criminal Justice/Law Enforcement Administration||20 Graduates|
|Homeland Security, Law Enforcement, Firefighting and Related Protective Services, Other||14 Graduates|
|All Other Diplomas||8%|
Outcome & Salary
Franklin University students and their families are eager to reap a fantastic return on their educational investment. Though it's impossible to guarantee any salary range for any student, alumni do report back after graduation with their entry-level salaries. At the very top of the list are Franklin's computer science graduates who post a median salary of $71,000, a very commendable base pay. Coming in at #5 of the highest earning salaries are the human resources students who begin their careers earning $50,000. These salaries are good benchmark numbers for new students who should note that many jobs also offer generous benefits and bonuses.
|College Grads Early Career Salary||$46,500|
|College Grads Average Salary||$69,392|
|College Grads Mid Career Salary||$67,200|
|Return on Investment (ROI)|
|10 Year Salary Earnings Potential||$693,920|
|20 Year Salary Earnings Potential||$1,365,920|
|Cost of Education (Net Price) 4 Year||$41,160|
|10 Year Projected ROI||$652,760|
|20 Year Projected ROI||$1,324,760|
|No College Education Salary Comparison|
|National Average Salary||$38,792|
|10 Year Projected Income||$387,920|
|20 Year Projected Income||$775,840|
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