Franklin University, a private, non-profit institution based in Columbus, Ohio, offers a wide range of undergraduate, graduate, and professional programs. Understanding the tuition costs associated with these programs is crucial for students and families planning their higher education expenses. This comprehensive guide will provide a detailed breakdown of Franklin University’s tuition fees, including tuition rates, fees, and financial aid options.
Undergraduate Tuition Rates
Franklin University offers three main undergraduate tuition rates based on the student’s residency status: Ohio residents, non-Ohio residents, and international students. The 2023-2024 academic year tuition rates are as follows:
| Residency Status | Tuition Rate per Credit Hour |
|---|---|
| Ohio Residents | $405 |
| Non-Ohio Residents | $638 |
| International Students | $990 |
Graduate Tuition Rates
Graduate tuition rates at Franklin University vary depending on the specific program and degree level. The 2023-2024 academic year tuition rates for some popular graduate programs are listed below:
| Program | Tuition Rate per Credit Hour |
|---|---|
| Master of Business Administration (MBA) | $675 |
| Master of Science in Data Science | $750 |
| Doctor of Education (Ed.D.) | $900 |
Fees
In addition to tuition, students must also pay various fees associated with their studies. These fees include:
| Fee | Fee Amount |
|---|---|
| Application Fee | $50 |
| Technology Fee | $50 per semester |
| Health and Wellness Fee | $30 per semester |
| Student Activity Fee | $20 per semester |
| Late Payment Fee | $30 |
Financial Aid Options
Franklin University recognizes that financing a college education can be challenging, and they offer a range of financial aid options to help students make their education affordable. These options include:
- Scholarships: Franklin University offers a variety of merit-based and need-based scholarships to help students offset the cost of tuition and fees.
- Grants: Federal and state grants are available to eligible students based on financial need.
- Loans: Students can borrow money from federal or private lenders to cover the cost of their education.
- Work-Study Programs: Students can earn money while attending school by participating in work-study programs.
Cost of Attendance
The cost of attendance at Franklin University includes not only tuition and fees but also additional expenses such as housing, meals, transportation, and personal expenses. The estimated cost of attendance for the 2023-2024 academic year is as follows:
| Budget Category | Ohio Residents | Non-Ohio Residents |
|---|---|---|
| Tuition and Fees | $12,150 | $19,140 |
| Housing and Meals | $10,500 | $12,000 |
| Transportation | $1,500 | $2,000 |
| Personal Expenses | $2,000 | $2,500 |
| Total Cost of Attendance | $26,150 | $35,640 |
Benefits of Attending Franklin University
Attending Franklin University offers numerous benefits, including:
- Flexible Learning Options: Franklin University offers flexible learning options such as online courses, hybrid programs, and evening and weekend classes.
- Career-Focused Programs: Franklin University’s programs are designed to prepare students for high-demand careers in fields such as business, healthcare, and education.
- Dedicated Faculty: Franklin University’s faculty are experienced professionals who are committed to student success.
- Networking Opportunities: Franklin University provides students with opportunities to network with professionals in their fields through internships, career fairs, and alumni events.
- Campus Community: Franklin University has a vibrant campus community with a variety of student organizations, clubs, and activities.
Pros and Cons of Franklin University
Pros:
- Flexible learning options
- Career-focused programs
- Dedicated faculty
- Networking opportunities
- Campus community
Cons:
- Higher tuition rates compared to some public universities
- Limited on-campus housing options
- Fewer research opportunities compared to larger universities
Frequently Asked Questions (FAQs)
1. How can I apply for financial aid at Franklin University?
You can apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA) at www.fafsa.gov.
2. What is the average class size at Franklin University?
The average class size at Franklin University is between 15 and 20 students.
3. What is the graduation rate at Franklin University?
The four-year graduation rate at Franklin University is 48%.
4. Does Franklin University offer any online degree programs?
Yes, Franklin University offers over 90 online degree programs at the undergraduate and graduate levels.
5. Is Franklin University accredited?
Yes, Franklin University is accredited by the Higher Learning Commission (HLC).
6. What is the student-to-faculty ratio at Franklin University?
The student-to-faculty ratio at Franklin University is 16:1.
7. How do I apply to Franklin University?
You can apply to Franklin University online at www.franklin.edu/apply.
8. What are the deadlines for applying to Franklin University?
The deadlines for applying to Franklin University vary depending on the program and semester. Please refer to the Franklin University website for specific deadlines.