Franklin College has announced tuition costs for the 2015-2016 school year. School officials say the Board of Trustees voted to increase tuition by three percent.
February 27, 2015
FRANKLIN, Ind. –The Franklin College Board of Trustees voted to limit the 2015-16 tuition increase to three percent, along with the continued commitment of controlling costs while still providing an invaluable liberal arts education to students.
School-funded aid for students will not be affected, as the college will continue to award scholarships to 95 percent of students. In 2015-16, those students will receive a total of over $12 million from the college. The college began announcing merit scholarship in October and will release its first financial aid packages on March 2.
Carefully controlling costs enables Franklin College to provide an invaluable liberal arts education to students, greatly desired by prospective employers. Recent research demonstrates that employers recognize the value of a liberal arts education, producing graduates who see things in new ways, work hard, communicate clearly, collaborate in problem-solving teams, have sound values and make a difference in the world. The college is utilizing significantly more engaged and experiential learning opportunities, such as undergraduate research, internships and community service.
“The college continues providing its students with rigorous courses and superior support by faculty who are highly focused on career placement for their students,” said Franklin College President Jay Moseley. “National studies show that a college education is a wise investment, with graduates earning twice the lifetime income of non-graduates. The value of a Franklin College degree is demonstrated by its graduates, who are prepared for challenging careers and posed to make valuable contributions to society.”
When U.S. News and World Report released its annual college rankings last fall, Franklin College was ranked sixth in the Midwest region in the Best Regional Colleges category for the second year in a row, maintaining its placement in the elite list of the top ten.
The Board of Trustees has set the following charges for the 2015-16 academic year:
Room: $ 5,150
Board: Full Plan $ 3,500
Board: Ten Meals $ 3,190
Board: Winter Term $ 390
Student Activity Fee $ 185The college ranks slightly below the average tuition cost of the 31 members of the Independent Colleges of Indiana.
Founded in 1834, Franklin College is a residential, liberal arts institution with a scenic, wooded campus located 20 minutes south of downtown Indianapolis, spanning 207 acres, including athletic fields and a 31-acre biology woodland. The college prepares students to think independently, to lead responsibly and to serve with integrity in their professions, their communities and the world. The college offers its approximately 1,000 students Bachelor of Arts degrees in 55 majors from 25 academic disciplines, 41 minors, 11 pre-professional programs and four cooperative programs. In 1842, the college began admitting women, becoming the first coeducational institution in Indiana and the seventh in the nation. Franklin College maintains a voluntary association with the American Baptist Churches USA. For more information, visit www.FranklinCollege.edu.
Source: Franklin College