Franklin & Marshall College Fees (2023-2024 Academic Year)

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College tuition and fees are important considerations for students and families when selecting a college. 

The cost of attending Franklin & Marshall College is an essential factor to consider before enrollment takes place.

In this article, we will discuss the tuition and fees associated with attending Franklin & Marshall College.

And provide insights into how the college supports students in managing these costs.

About Franklin & Marshall College 

Franklin & Marshall College is a private liberal arts college in Lancaster, Pennsylvania, founded in 1787. 

The college is the result of a merger between two institutions: 

  • Franklin College, founded in 1787, and 
  • Marshall College was founded in 1836.

Franklin College was named after Benjamin Franklin, one of the United States’ founding fathers.

Benjamin donated £200 to the college’s foundation to support young men who wanted to enter the ministry or pursue other professions.

The college was initially located in a building on the northwest corner of North Queen and West Orange Streets in Lancaster, Pennsylvania.

However, Marshall College was named after John Marshall, the fourth Chief Justice of the United States, who strongly advocated education. 

The college was founded to educate young men pursuing careers in the sciences and engineering. 

The college was initially located in a building on North Duke Street in Lancaster, Pennsylvania.

Nonetheless, in 1853, the two colleges merged to form Franklin & Marshall College.

Hence, the newly-formed college continued to provide a rigorous liberal arts education to students, combining the strengths of the two institutions. 

Also, the college expanded its curriculum over the years, adding new programs and departments, including :

  • School of Business, 
  • School of Earth and Environment,
  • School of Humanities, 
  • Social Sciences, and
  • Arts.

Today, Franklin & Marshall College is recognized as one of the top liberal arts colleges in the country.

This is so because it has a diverse student body and a rigorous academic program.

Ultimately, the college is committed to providing students with a well-rounded education. 

Tuition & Fees

For the academic year 2023-2024, the cost of tuition at Franklin & Marshall College is $63,320. 

Besides, students must pay a total fee of $1,750 per semester, which covers the cost of various campus services and activities. 

FeeCost
Tuition$63,216
Books and Supplies$1,200
Other Fees$190
Room and Board$14,740
Other Expenses Budget$1,272

The overall annual total is $80,618

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Which consisted of $63,216 in tuition fees, $14,740 for room and board, $1,200 for books and supplies, and $190 for other supplies and fees.

Net Price 

The net price in fees to attend Franklin and Marshall College if a student receives grants or scholarships.

And varies the financial income of every family. 

The Average Net Price is $28,038

Family IncomeNet Price Paid
$0 to $30,000$14,017
$30,001 to $48,000$13,110
$48,001 to $75,000$18,814
$75,001 to $110,000$26,837
$110,000+$48,675

Financial Aid 

The college offers need-based financial aid and merit scholarships. 

Also, it offers 58% of full-time financial aid like grants, scholarships, and fellowships from Federal, State, or local government agencies. 

However, the average aid is $48,000 per student. 

From time past, 43% of students are given Federal Student Loans of $3,901, while 30% of undergraduates take out private student loans of $5,359.

Note: students do not need to refund scholarship aid and grants.

TypeAvg./StudentStudents Receiving
Total Grant and Scholarship Aid$48,00058%
Institutional Grants and Scholarships$45,31854%
Other Federal Grants$1,33420%
State and Local Grants$3,6568%
Federal Student Loans$3,90143%
Pell Grants$4,98121%
Other Student Loans$5,35930%

 FAQs

Q: What is the Tuition at Franklin & Marshall College? 

A: For the academic year 2023-2024, the cost of tuition at Franklin & Marshall College is $63,320.

Q: What is the Total Fee at Franklin & Marshall College? 

A: Students must pay a total fee of $1,750 per semester, which covers the cost of various campus services and activities.

Q: How much does Room and Board Cost at Franklin & Marshall College? 

A: The room and board fees for the academic year 2022-2023 are $17,980, which covers the cost of housing and meal plans on campus.

Q: Does Franklin & Marshall College Offer Financial Aid?

A: Yes, Franklin & Marshall College Offers Need-based 

  • financial aid, 
  • merit scholarships, and 
  • work-study opportunities to help students manage the cost of attendance.

Q: What other Fees may Students Encounter at Franklin & Marshall College? 

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A: Other fees that students may encounter include :

  • the student activity fee, 
  • the health and 
  • wellness fee, and
  •  Fees associated with studying abroad.

Q: What Resources Does Franklin & Marshall College Provide to Help Students Manage the Cost of Attendance? 

A: The college’s financial aid office provides counseling and support to students and families throughout the process of financial assistance. 

Q: What is the Student-to-faculty Ratio at Franklin & Marshall College? 

A: The student-to-faculty ratio at Franklin & Marshall College is 9:1, which allows for personalized attention and individualized learning experiences.

Q: What are some Special Academic Programs at Franklin & Marshall College? 

A: Franklin & Marshall College offers a wide range of academic programs, with notable strengths in:

  •  sciences, 
  • social sciences, and 
  • Humanities. 

Also, in college interdisciplinary programs, such as 

  • Environmental Studies, 
  • Africana Studies, and 
  • Women’s, Gender, and 
  • Sexuality Studies are also highly regarded.

Final Thought

After reading this article, we are sure you know of Franklin & Marshall College tuition and other fees.

And how to manage the costs associated with attending college. 

And which scholarships, grants, or work-study opportunities are available for your financial status.

And know that Franklin & Marshall College is a great place for investment in your future.

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