For the 2022-23 academic year, Franklin and Marshall College raised tuition by 3.8%, as revealed in the most recent data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit college paid $65,844 this year, which is $2,438 higher than the $63,406 charged during the 2021-22 academic year.
Approximately 25% of the undergraduate student body are Pennsylvania residents, while about 53% come from other states. International students comprise roughly 21% of the population.
Seventy-one percent of full-time undergraduates who began their studies at Franklin and Marshall College in 2022-23 received some form of financial aid. A total of 330 students were awarded grants or scholarships amounting to $15.1 million, and 245 students secured student loans exceeding $2 million.
Across the entire undergraduate population, 1,257 students benefited from grants or scholarships totaling $64.2 million. Additionally, 880 students obtained federal student loans totaling $5.5 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Franklin and Marshall College in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 51 | 10% | $311,776 | $6,113 |
| State / local grant or scholarship | 31 | 6% | $119,106 | $3,842 |
| Institutional grants or scholarships | 329 | 68% | $14.7 million | $44,593 |
| Grant or scholarship aid total | 330 | 68% | $15.1 million | $45,764 |
| Federal student loans | 196 | 40% | $1 million | $5,132 |
| Other student loans | 83 | 17% | $1 million | $12,161 |
| Student loan aid | 245 | 50% | $2 million | $8,225 |
| Total student aid | 345 | 71% | $17.1 million | $49,615 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
