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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Franklin University since 2011.
For that period, the average number of students who received grants aid/scholarships is 2,262, which is 48.36 % of all undergraduate students. 2,737 students which is 58.64% of undergraduate students received federal student loans and the average loan amount is $9,520.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-123,265 (51%)$4,1613,011 (47%)$3,1614,276 (66%)$11,209
2012-133,369 (58%)$3,4482,759 (47%)$3,2744,070 (70%)$10,675
2013-142,724 (53%)$5,4842,387 (46%)$3,7583,398 (66%)$9,486
2014-152,374 (51%)$5,8042,057 (44%)$3,8322,997 (64%)$9,638
2015-161,991 (48%)$5,7181,690 (41%)$3,8122,590 (63%)$9,804
2016-171,774 (45%)$4,4871,529 (39%)$3,7732,342 (60%)$9,700
2017-181,628 (46%)$5,6121,362 (39%)$3,9662,030 (58%)$9,705
2018-191,914 (47%)$8,4381,425 (35%)$6882,242 (55%)$9,797
2019-201,751 (41%)$8,2511,313 (31%)$4,0922,028 (48%)$9,214
2020-211,574 (39%)$4,8521,278 (32%)$4,1112,048 (51%)$9,640
2021-222,523 (53%)$5,1601,589 (34%)$3,7832,090 (44%)$5,855
Average2,262 (48.36%)$5,5831,855 (39.55%)$3,4772,737 (58.64%)$9,520

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 54 (68.20 % of students) received grants or scholarships and its average amount is $7,867. It can cover 82.14% of tuition & fees ($9,577).
In addition, 43 (59.27 % of students) students get helped from the students loans (average amount : $7,320).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-1244 (70%)$4,16247 (75%)$6,565
2012-1314 (74%)$4,58212 (63%)$4,425
2013-146 (67%)$5,8155 (56%)$5,047
2014-156 (100%)$6,0096 (100%)$7,216
2015-163 (27%)$3,8973 (27%)$7,250
2016-175 (42%)$7,5147 (58%)$6,853
2017-186 (86%)$6,2975 (71%)$5,857
2018-19169 (95%)$15,202136 (77%)$15,594
2019-20287 (90%)$17,789246 (77%)$8,135
2020-21--1 (25%)$9,500
2021-224 (31%)$7,3983 (23%)$4,083
Average54 (68.20%)$7,86743 (59.27%)$7,320
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 31 (54.70 % of students) received Pell (federal) grants and its average amount is $4,187.
In addition, 21 students received State/local government grants/scholarships (39.00 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1244 (70%)$3,03911 (17%)$58235 (56%)$1,229--
2012-1312 (63%)$2,8441 (5%)$40011 (58%)$1,6532 (11%)$5,723
2013-146 (67%)$4,0151 (11%)$4005 (56%)$2,080--
2014-156 (100%)$4,6251 (17%)$6003 (50%)$2,568--
2015-162 (18%)$4,2501 (9%)$6001 (9%)$2,592--
2016-175 (42%)$5,0881 (8%)$8004 (33%)$2,832--
2017-185 (71%)$4,4031 (14%)$8003 (43%)$3,0722 (29%)$2,875
2018-1991 (51%)$2,53274 (42%)$85868 (38%)$2,521167 (94%)$12,597
2019-20132 (42%)$4,57458 (18%)$1,11777 (24%)$3,455278 (87%)$15,003
2020-21--------
2021-223 (23%)$6,495--3 (23%)$2,8693 (23%)$500
Average31 (54.70%)$4,18717 (15.67%)$68421 (39.00%)$2,48790 (48.80%)$7,340
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 43 (59.27 % of students) get any students loan help and its average loan amount is $43.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1247 (75%)$6,56547 (75%)$6,3521 (2%)$10,000
2012-1312 (63%)$4,42512 (63%)$4,425--
2013-145 (56%)$5,0475 (56%)$5,047--
2014-156 (100%)$7,2166 (100%)$7,216--
2015-163 (27%)$7,2503 (27%)$7,250--
2016-177 (58%)$6,8537 (58%)$6,853--
2017-185 (71%)$5,8575 (71%)$5,857--
2018-19136 (77%)$15,594132 (75%)$10,08871 (40%)$11,115
2019-20246 (77%)$8,135246 (77%)$6,54631 (10%)$12,609
2020-211 (25%)$9,5001 (25%)$9,500--
2021-223 (23%)$4,0833 (23%)$4,083--
Average43 (59.27%)$7,32042 (59.09%)$6,65634 (17.33%)$11,241

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