Franklin University
Columbus, Ohio · Private Nonprofit
ROI Score: 37/100 · Poor Value
Data: 2024-25 College Scorecard release
Franklin University, a Columbus, Ohio adult-serving private nonprofit, posts an ROI score of 37, landing in Poor Value tier. The underlying picture is the classic working-adult-university paradox. Tuition is a remarkably low $9,577, yet net price is $25,243, which is a clear sign that aid is limited and most students pay close to sticker through employer benefits, federal loans, or self-pay. The completion rate of 11.1% is the score's anchor: that is unusual for a four-year framing because most Franklin students transfer in mid-program, attend part-time, and stop-out for work and family reasons that the federal completion metric does not handle gracefully. Six-year earnings of $42,600 climb to $51,892 at 10 years, payback period is 14.3 years, debt-to-earnings is a respectable 0.489, and median debt is moderate at $20,836. The repayment rate of 61.5% is mediocre. Franklin is a credentialing engine for working adults whose Scorecard score understates its functional value because of the metric's bias against part-time and transfer-heavy populations.
The data raises concerns about Franklin University
These metrics fall below the thresholds most financial advisors recommend for a sound college investment. Review them carefully before committing.
- ROI Score37/100 - Poor Value tier (below 45). Most 4-year schools we track score 60 or higher.
- 6-year graduation rate11.1% - Well below the 60% national average. Non-completion is the fastest route to negative ROI.
Franklin University
Quick Numbers
| In-state tuition + fees | $9,577/yr |
| Out-of-state tuition + fees | $9,577/yr |
| Average net price | $25,243/yr |
| Total 4-year cost (net) | $100,972 |
| Median earnings (10yr post-entry) | $51,892 |
| Median earnings (6yr post-entry) | $42,600 |
| Median debt at graduation | $20,836 |
| Estimated monthly loan payment | $221 |
| Estimated payback period | 14.3 years |
| 6-year graduation rate | 11.1% |
| Undergraduate enrollment | 5,562 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $9,577/year. Here's the part that matters - almost nobody pays that. After grants, scholarships, and aid, the average student here pays a net price of $25,243/year, or roughly $100,972 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $24,968/year here, while families earning over $110,000 pay $29,964/year.
Most students borrow to get here. The median graduate leaves owing $20,836 in federal loans, which works out to about $221 a month on the standard 10-year repayment plan. Hold that up against the $51,892 the typical graduate earns ten years out: the debt-to-earnings ratio comes to 0.49, comfortably manageable.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $24,968 |
| $30,001 - $48,000 | $25,876 |
| $48,001 - $75,000 | $24,690 |
| $75,001 - $110,000 | $25,389 |
| $110,001+ | $29,964 |
Cost by Income Bracket Explained
Lower-income families (under $30K)
Families under $30,000 pay $24,968 net, very close to the school average. The aid curve is flat because Franklin does not have a residential financial-aid model. The $30,001-$48,000 bracket actually pays slightly more at $25,876, a small anomaly worth flagging that likely reflects sampling rather than policy. Pell-eligible students should plan to lean heavily on Pell plus employer tuition benefits.
Middle-income families ($30K-$110K)
Middle-income brackets pay $24,690 ($48-$75K) and $25,389 ($75-$110K). Aid is essentially absent across the middle, which is typical of adult-serving institutions. Working students rely on employer reimbursement programs more than on need-based aid; the math works for those whose employers cover $5,250 annually in tuition assistance.
Higher-income families ($110K+)
Families above $110,000 pay $29,964 net, with very modest sticker-to-net discount. Franklin's pricing assumes the high-income working-adult population can self-fund. The functional ROI for this bracket depends entirely on employer benefits and the value of the credential to a working professional's pay trajectory.
Earnings by Major
Top 10 most popular majors at Franklin University with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Business Administration, Management, and Operations | $68,306 | C |
| Accounting | $65,816 | C |
| Criminal Justice and Corrections | $58,747 | D |
| Health and Medical Administrative Services | $57,702 | D |
| Human Resources Management | $66,648 | D |
| Finance and Financial Management | $73,574 | C |
| Computer and Information Sciences | $77,175 | C |
| Computer/Information Technology Administration | $102,099 | B |
| Public Relations, Advertising, and Applied Communication | $64,101 | D |
| Marketing | $57,398 | D |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Business Administration, Management, and Operations
Franklin's flagship program with 463 graduates, business administration posts $56,588 in 1-year earnings and $68,306 at 4 years. The 0.65 debt-to-earnings ratio earns a C grade against $36,764 of debt, which is higher than the school median but consistent with adult learners who borrow to bridge non-employer-covered semesters. The program is a clean credentialing pathway for mid-career professionals seeking a degree to qualify for management roles.
Accounting
Accounting graduates 152 students with $51,929 in 1-year earnings and $65,816 at 4 years. The 0.634 debt-to-earnings ratio earns a C grade against $32,941 of debt. For working accountants seeking to credential up for senior staff or CPA-track roles, Franklin is a practical fit; the earnings trajectory is consistent with mid-career accounting professionals adding the bachelor's, not entering the field for the first time.
Criminal Justice and Corrections
Criminal justice graduates 149 students with $38,103 in 1-year earnings and $58,747 at 4 years. The 0.755 debt-to-earnings ratio earns a D grade against $28,750 of debt, reflecting the structural pay constraints of public-sector law enforcement and corrections roles. The 4-year jump suggests promotion to supervisor and detective tracks that Franklin's adult-credentialing model supports.
Health and Medical Administrative Services
Healthcare admin posts 85 graduates with $49,853 in 1-year earnings and $57,702 at year four. The 0.713 debt-to-earnings ratio earns a D against $35,534 of debt. Healthcare administration is a strong career match for Franklin's working-adult model, with hospital systems often funding tuition for employees seeking management credentials. The earnings curve is solid for the population.
Computer and Information Sciences
Computer and Information Sciences is the standout for ROI: 48 graduates, $63,310 in first-year earnings, $77,175 at year four, and a 0.622 debt-to-earnings ratio earning a C. The IT bachelor at Franklin is a credentialing accelerator for mid-career technologists already working in the field, and the earnings curve reflects that prior-experience pattern. Debt of $39,352 is comfortably serviceable on these earnings.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Nat'l Avg |
|---|---|---|
| 1-year repayment | 54.7% | 52.0% |
| 3-year repayment | 61.5% | 62.0% |
| 5-year repayment | 46.6% | 68.0% |
| 7-year repayment | 57.4% | 72.0% |
Completion Rate
Trends Over Time
How Franklin University’s cost and outcomes have moved across College Scorecard releases (2009-2023).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Enrollment | 5,562 |
| Pell Grant recipients | 37.2% |
| Avg faculty salary (monthly) | $10,339 |
Admission rate is not reported in current Scorecard data, consistent with Franklin's open-enrollment posture and adult-learner mission. SAT and ACT mid-ranges are also not reported because the school does not require standardized testing. Franklin's admissions function is closer to a community-college model: come if you are ready to do the work, with credit for prior learning and transfer credit liberally accepted. The 11.1% completion rate is a population artifact more than an academic one.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
Franklin's peer set includes National Louis University, another adult-serving private with a similar mission and similar Scorecard data challenges. Colorado Christian University and The New School are quite different institutionally but share the part-time and online enrollment patterns that depress traditional completion metrics. Among adult-serving peers, Franklin's earnings curve, especially in IT and business, is competitive, but its low completion-rate scores will keep its ROI score depressed under any framework that uses federal completion data.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| Franklin University (this school) | 37 | $25,243 | $51,892 |
| National Louis University | 40 | $12,641 | $45,799 |
| The New School | 40 | $58,741 | $52,901 |
| Colorado Christian University | 34 | $29,500 | $50,416 |
| Allegheny Wesleyan College | 29 | $5,355 | $37,453 |
| Art Academy of Cincinnati | 9 | $34,253 | $34,368 |
Head-to-Head ROI Comparisons
See Franklin University side by side with similar schools on ROI, cost, earnings, and debt.
Who Thrives Here
Franklin fits working adults in central Ohio and online learners nationwide who already have some college credit and need to complete a bachelor's around a job. With 5,562 students and a 37.2% Pell rate, the population skews older and price-sensitive. Strong fits are students with transferable credits, employer tuition benefits, and a clear professional track (IT, accounting, business operations). Weaker fits are traditional 18-22 first-time students seeking a residential experience; Franklin is a credentialing institution, not a college experience.
The Verdict: The Numbers Don't Add Up
We'll be straight with you: the numbers at Franklin University are a real concern. With a net cost of $25,243 per year and the typical graduate earning only $51,892 ten years out, the estimated payback period exceeds 14.3 years. For most students, the financial return does not justify the cost - go in with your eyes open.
What it has going for it: manageable debt relative to earnings. What to keep an eye on: weak earnings relative to cost, its 11.1% graduation rate, concerning loan repayment rates, a long payback period.
Median debt of $20,836 against $51,892 in earnings is reasonable, though your major matters a lot here. Graduates in higher-earning fields will see the better end of this.
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Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.