by our College Data Analytics TeamThe total cost of attendance at Franklin and Marshall College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at Franklin and Marshall and what you may be eligible for? Explore the answers here.
$47,682.00 is the typical Franklin and Marshall College’s first year financial aid package. Financial aid is provided to about 59% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Franklin and Marshall College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers pertain to assistance that is supplied by Franklin and Marshall College.
54% of new students (337 total) were offered scholarships at Franklin and Marshall College, averaging $45,318.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 21% of first years (132 total) were awarded federal grant aid, averaging $6,217.00 each.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.73% | $61,703.00 |
| Income 30k-48k | 5.74% | $62,610.00 |
| Income 48k-75k | 7.02% | $56,906.00 |
| Income 75k-110k | 6.06% | $48,883.00 |
| Income 110k + | 17.54% | $27,045.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
59% of the 627 undergraduates at Franklin and Marshall College receive some sort of grant aid. This is a total of about 339 students getting an average of $47,682.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.