For individuals exploring higher education, understanding the financial implications is crucial. Franklin University, a renowned higher education institution, offers diverse academic programs but requires prospective students to be aware of its cost structure. This comprehensive analysis provides an in-depth breakdown of Franklin University’s tuition, fees, and other expenses, empowering prospective students to make informed decisions about their educational investment.
Undergraduate Tuition and Fees
Franklin University’s undergraduate tuition and fees vary based on factors such as residency status, program of study, and credit load.
| Category | Ohio Residents | Non-Ohio Residents |
|---|---|---|
| Tuition (per credit hour) | $436 | $497 |
| Technology Fee (per semester) | $110 | $110 |
| Campus Facilities Fee (per semester) | $120 | $120 |
| Student Activity Fee (per semester) | $45 | $45 |
| Health Services Fee (per semester) | $45 | $45 |
| Recreation Center Fee (per semester) | $15 | $15 |
Estimated Total Annual Undergraduate Cost (Full-time, 30 credit hours)
| Category | Ohio Residents | Non-Ohio Residents |
|---|---|---|
| Tuition | $13,080 | $14,910 |
| Fees | $695 | $695 |
| Total | $13,775 | $15,605 |
Graduate Tuition and Fees
Franklin University’s graduate tuition and fees also vary based on program of study and other factors.
| Category | Tuition (per credit hour) | Technology Fee (per semester) |
|---|---|---|
| MBA | $756 | $110 |
| M.Ed. | $646 | $110 |
| M.S. Nursing | $796 | $110 |
Estimated Total Annual Graduate Cost (Full-time, 30 credit hours)
| Category | MBA | M.Ed. | M.S. Nursing |
|---|---|---|---|
| Tuition | $22,680 | $19,380 | $23,880 |
| Technology Fee | $220 | $220 | $220 |
| Total | $22,900 | $19,600 | $24,100 |
Additional Expenses
In addition to tuition and fees, prospective students should consider the following additional expenses:
- Books and Supplies: Estimated $1,500-$2,000 per year
- Housing: On-campus housing costs range from $6,975-$10,975 per year
- Meal Plan: On-campus meal plans range from $4,150-$6,985 per year
- Transportation: Costs vary depending on the mode of transportation
Financial Aid and Scholarships
Franklin University provides various financial aid options to eligible students, including scholarships, grants, and loans. The average financial aid package for undergraduate students in the 2022-2023 academic year was $13,000.
Is Franklin University Worth the Cost?
Factors to Consider:
- Academic Reputation: Franklin University holds regional accreditation from the Higher Learning Commission, ensuring the quality of its academic programs.
- Career Outcomes: Franklin University alumni consistently achieve high job placement rates and earn competitive salaries.
- Student Support: Franklin University provides extensive student support services, including academic advising, tutoring, and career counseling.
- Industry Partnerships: Franklin University has established partnerships with leading businesses and organizations, providing students with networking opportunities and potential internships.
Return on Investment:
While the cost of attendance is a significant factor, prospective students should also consider the potential return on investment. Graduates with a degree from Franklin University have the potential to earn higher salaries and advance their careers more quickly. According to PayScale, the average salary for Franklin University graduates is $63,000, significantly higher than the national average.
Value Proposition:
Franklin University offers a valuable educational experience that prepares students for success in their chosen fields. The university’s flexible learning options, industry-aligned programs, and commitment to student support contribute to its reputation as a provider of high-quality higher education. While the cost of attendance should be carefully considered, the potential return on investment makes Franklin University a worthy investment for individuals seeking a transformative educational experience.
Conclusion
Franklin University’s cost structure is designed to provide students with an affordable and accessible pathway to higher education. By understanding the various cost components, financial aid options, and potential return on investment, prospective students can make informed decisions about their educational journey. Whether pursuing an undergraduate or graduate degree, Franklin University offers a compelling value proposition that empowers students to achieve their academic and career goals.