Cost & aid
What it costs
In 2023–24, the average first-year paid an estimated $52,376 in total (tuition, housing, food, books and other costs, after grants), $28.1K more than the national median. The 80% who received grants paid $43,987 on average; the other 20% paid the full sticker price of $86,018.
- Full price
- $86,018 a year
- tuition, housing, food, books, and other costs
- Need-based aid
- Published data end at $110K
- use the college's net price calculator for higher incomes
Cost by family income
Per year for a typical family of four with one child in college. Up to $110K it is the average price federal aid recipients paid (2023–24).
Hover, tap, or use the arrow keys to read the price at an income.
- Published federal figures
View as a table
| Family income | Price per year |
|---|---|
| $0–30K | $12K a year |
| $30–48K | $17K a year |
| $48–75K | $16K a year |
| $75–110K | $25K a year |
| $150K | Published data end at $110K |
| $200K | Published data end at $110K |
| $250K | Published data end at $110K |
| $300K | Published data end at $110K |
| $350K | Published data end at $110K |
| $400K and above | Published data end at $110K |
At $150K: Published data end at $110K
Published data end at $110K; use the college's net price calculator for a number.
Your own number depends on the details below, so use the college's calculator for it.
What can change this
- Savings and investments above a typical amount raise the price. The curve assumes typical assets.
- Home equity: some colleges that use the CSS Profile count it. Check this college's own aid page or calculator.
- Divorced or separated parents: colleges with their own formula usually ask for both parents' finances.
$52,376
Tuition, housing, food, books & other expenses, after grants · 2023–24
80% got grants averaging $41,901; 20% got none.
Who pays what
Share of first-year students, 2023–24.
Housing and food use the college's on-campus rates, so the estimate runs high where many students live at home. “Other expenses” is the college's estimate of personal and transportation costs. Loans aren't subtracted because they're repaid.
$19K
≈ $201/month for 10 years
2.8 yrs
of median salary to cover 4 years of net price
44% of undergrads borrow federally.
Everyone who borrowed and left, whether or not they graduated.
Three years into repayment
Where former undergraduates stand on their federal loans.
- Paid in full25–26%
- Paying it down33–34%
- Payments paused26–28%
- Not paying it down11–12%
- Behind or in default0–4%
- Forgiven or discharged0–2%
Some shares are published as a small range to protect privacy.
Who actually gets aid
Aid generosity
ModerateGrants cover 39% of the $86,018 full price on average across all first-years (moderate), more than at 47% of colleges.
$33,642 in grants per first-year ÷ $86,018 full price.
Who gets grants and scholarships
Full-time first-year students (553), 2023–24
About 1 in 5 first-year students got no grant aid and paid the full sticker price of $86,018.
Where the aid comes from
Share of first-year students receiving each; averages are per recipient.
Aid by family income
The whole first-year class (553)
- Federal aid + grants238avg grant $49.4K
- Grants, no federal aid206avg grant $33.3K
- No grants109pay full price
Students with grants but no federal aid usually got the college's own need-based aid (without federal loans or Pell) or merit aid.
By family income: only students who received federal aid (238 of 553), because income is only reported for them.
From Franklin and Marshall College's Common Data Set
First-years and all full-time undergraduates, 2024–25.
| First-years | All full-time | |
|---|---|---|
| Have financial need | 61%291 students | 58%1,035 students |
| Need met, on average | 100% | 100% |
| Need fully met | 100% | 100% |
| Average aid package | $56,192 | $59,208 |
| Average need-based grant | $53,864 | $55,837 |
| Average need-based loan | $1,644 | $2,563 |
| Merit aid without need | – | 19%average $20,495 |
13% of the college's own grant dollars were awarded without regard to need.
Each college decides what a family needs, so “100% of need met” can mean different prices at different colleges. Merit awards that went toward a student's need count as need-based here.
Applying for aid
For fall 2025 entrants.
If your parents are divorced or separated, the other parent also files the .
Deadline: January 6 · Aid offers: on a rolling basis · Reply by: May 1
Dates for fall 2025 entrants; the next cycle's are usually similar.
What the college's own scholarships consider
| Academics | not marked | ✓ |
|---|
A blank means the college didn't mark it, not that it never counts.
International students
Need-based aid offered.
International applicants file: International Student's Certification of Finances.
Sources:IPEDS Institutional Characteristics survey, 2023–24;IPEDS Student Financial Aid survey, 2023–24;College Scorecard, 2023–24;College Scorecard, most recent release;Franklin and Marshall College Common Data Set 2024–25, 2024–25;Franklin and Marshall College Common Data Set 2024–25, Fall 2025 entrants;IPEDS directory (Institutional Characteristics: HD), 2025–26;Common Data Set, most recent releaseAbout the data(retrieved 2026-10-12)