$5,080

Avg. Federal Grant

$4,172

Avg. Federal Loan

$58,306,525

Total Aid Awarded

Franklin and Marshall College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

57%

Total Aid Amount Average Total Aid Awarded per year.

$58.307M

Financial Aid Official Website

www.fandm.edu/financialaid

Notably, 61% of the students at Franklin and Marshall College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,453,775. At FMC, the total percentage of applicants who receive the Federal Grant stands at 18%. On the other hand, 55% of the candidates get the Student Grant, 55% receive the Institution Grant, and 18% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,323, while the same comes to $3,745 for State Grant receivers and $43,734 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,981. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. Every year, around 49% of the applicants to Franklin and Marshall College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

21%

State Grant Aid

9%

Institution Grant Aid

58%

Pell Grant

21%

Average Aid Awarded

Federal Grant Aid

$5,080

State Grant Aid

$3,919

Institution Grant Aid

$45,126

Pell Grant

$4,625

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$61,830

$30,001 - $48,000

$57,228

$48,001 - $75,000

$51,337

$75,001 - $110,000

$44,411

Over $110,000

$27,977

Student Loans for Franklin and Marshall College

Average Loan Amount Average Loan Amount received per year.

$6,479/Year

Students Taking Out Loans

49%

Loan Default Rate

0.9%

Other Colleges In Pennsylvania

Grove City College is a private, Undenominational university located in Grove City, PA. The university covers an area of 180 acres. In 1876, Grove City College was founded. Keeping the pursuit of research, innovation, and excellence at the center, Grove City College has been imparting quality ed

Grove City, Pennsylvania 4 years Private Not-For-Profit

A private university by the name of Swarthmore College is located in Swarthmore, PA. Swarthmore College covers an area of 425 acres. It was in 1864 when the Swarthmore College was founded. The motto of the Swarthmore College is Mind the Light and its official colors are garnet and gray. At Swarth

Swarthmore, Pennsylvania 4 years Private Not-For-Profit

#N/A

West Chester, Pennsylvania 4 years Public

Other Colleges In Lancaster

Pennsylvania College of Art and Design, which is located in Lancaster, Pennsylvania is a private university. At Pennsylvania College of Art and Design, the total enrolment stands at 246. The school has a total of 24 academic staff. These faculty teach different courses to the students. At PCAD, a

Lancaster, Pennsylvania 4 years Private Not-For-Profit

There is a private university in East Stroudsburg, PA called Pennsylvania College of Health Sciences. East Stroudsburg University of Pennsylvania is the parent institution of the Pennsylvania College of Health Sciences. Pennsylvania College of Health Sciences was founded in the year 1903. In addi

Lancaster, Pennsylvania 4 years Private Not-For-Profit

Thaddeus Stevens College of Technology is a public university located in Lancaster, PA. In 1905, Thaddeus Stevens College of Technology was founded. Thaddeus Stevens College of Technology believes in imparting education and contributing to society by focusing on innovation, research, education, a

Lancaster, Pennsylvania 2 years Public

Other Private not-for-profit Colleges

Online Education at TCSPP

With a population of 1,209 students, the institute is known for its professional approach towards education. The students of this university can study various courses through the online platform provided by this college. Students can apply for any course and pa

Chicago, Illinois 4 years Private Not-For-Profit

Initially, the university was a for-profit university, until Arthur Keiser sold the institute to Everglades College Inc. in 2011 and turned it into a non-profit entity in the process. Funnily enough, the latter is also a non-pr

Fort Lauderdale, Florida 4 years Private Not-For-Profit

#N/A

Chicago, Illinois 4 years Private Not-For-Profit