Overview
Lancaster, PA Franklin and Marshall College is a private, non-profit 4-year college located in Lancaster, Pennsylvania. There are currently 1,986 undergraduates at F&M and the school’s acceptance rate is 36%. The tuition at F&M is $65,844.
City
Scholarships & Financial Aid
$83,354
$49,552
$33,802
Cost Breakdown
Estimated Cost:
$83,354for the 2023-2024 Academic Year
The sticker price at F&M is $83,354. This sticker price includes costs for tuition, books and supplies, room and board, and other miscellaneous expenses.
It’s also important to note that the cost of attendance can vary from year to year and typically it will rise over your four years in college. With that said, your financial aid will also be recalculated every year to take any price increases, as well as any changes in your financial situation, into account.
College costs can look different for every student based on their financial situation. To get a more accurate picture of what tuition at F&M would look like for you, try entering your financial information into their Net Price Calculator.
Franklin and Marshall College Financial Aid
Students who are applying for financial aid at Franklin and Marshall College need to submit the Free Application for Federal Student Aid (or FAFSA). The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.
The FAFSA code for Franklin and Marshall College is 003265.
If you are looking for more information on how to complete the FAFSA, check out our How to Complete the FAFSA Guide.
Using State Grants at F&M
Pennsylvania residents considering F&M should be sure to look at Pennsylvania state grant programs. Two of the biggest educational grant programs in PA are PHEAA and TIP. PHEAA offers funding for Pennsylvania students who are enrolled at least half-time in an institution and program approved by PHEAA. Students must meet certain academic and financial criteria in order to qualify. TIP, also known as PA-TIP, offers funding to students pursuing a degree in a field that the state designates as high-demand. Here are those fields in 2024:
- Energy
- Health
- Advanced Materials and Diversified Manufacturing
- Agriculture and Food Production
Apply to these scholarships due soon
See more Pennsylvania scholarships
Pell Grants at Franklin and Marshall College
21% of students at Franklin and Marshall College receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Franklin and Marshall College.
You can learn more about Pell Grant eligibility here.
Outside Scholarships
F&M students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:
Franklin and Marshall College Financial Aid Resources
If you are looking for more information about financial aid and scholarships at F&M or have questions that are specific to your personal situation, we recommend that you reach out directly to the financial aid office!
Here’s how you can get in touch:
- Website: https://www.fandm.edu/financial-aid
- Phone: 717-358-3991
Admissions
36%
Coalition Colleges
F&M is a Coalition Member College, which means they have completed a vigorous vetting process from the Coalition for College to ensure that they “provide substantial support to lower-income, under-resourced and/or first-generation students; offer responsible student financial aid; and demonstrate a commitment to student graduation.” That also means you can apply to F&M via the Coalition Application. The Coalition Application makes it easy to obtain application fee waivers if you qualify. It’s also a great way to discover other colleges that have demonstrated a strong commitment to affordability and strong student outcomes.
Is F&M test-optional?
Franklin and Marshall College is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.
Early Decision I
Early Decision II
Regular Decision
What is the application deadline at F&M?
Students must apply by January 15 to enroll at F&M during the fall semester. Remember that college applications involve many pieces, including essays, a transcript, letters of recommendation, and more. Be sure to start your application as soon as you can to make sure you have enough time to make it as compelling as possible.
At F&M students also have the opportunity to apply Early Decision. In order to take advantage of this option, you’ll have to have your application in by November 15.
You can also choose to apply Early Decision II, with a later deadline of January 15.
Should I apply Regular or Early Decision to F&M?
Applying to F&M with Early Decision can be a great decision if you are 100% sure you want to go there. You’ll find out your admissions decision earlier than other students, and some data shows that you may help your admissions chances. However, you should keep in mind that Early Decision is binding. If you do get into the school, you won’t be able to change your mind later. If there is any doubt in your mind, you should apply Early Action or Regular Decision instead.
Read more: All you need to know about Early Action vs Early Decision
Academics
Student/Faculty Ratio
9:1
Graduation Rate
86%
Popular Majors
Percent of Students
Multi/Interdisciplinary Studies.
20%
20% of graduates
Social Sciences
19%
19% of graduates
Biological & Biomedical Sciences
14%
14% of graduates
Business, Management, & Marketing
10%
10% of graduates
Health Professions & Related Programs
6%
6% of graduates
Physical Sciences
5%
5% of graduates
Visual & Performing Arts
5%
5% of graduates
Mathematics
4%
4% of graduates
Natural Resources & Conservation
3%
3% of graduates
English Language & Literature
3%
3% of graduates
History
3%
3% of graduates
Area, Ethnic, Cultural, & Gender Studies
3%
3% of graduates
Computer & Information Sciences
2%
2% of graduates
Languages & Literatures
1%
1% of graduates
Philosophy & Religious Studies
1%
1% of graduates
Student Body
Undergraduate Students
1,986
Pell Grant 19%
Undergrad Students Over 25 0%
Part-Time Undergrad Students 0%
Percent Male / Female 47% / 53%
Ethnic Diversity at F&M
56% White
19% International / Non-Citizen
10% Hispanic
5% Black
4% Asian / Pacific Islander
3% Multiracial
1% Unknown
Student Outcomes
Graduate Income
$76,124
Median Debt $19,000
Debt 10 years after graduation $201
Graduation Rate 86%
What is the graduation rate at Franklin and Marshall College?
86% of students who start at Franklin and Marshall College end up finishing their degree within six years of enrolling. This is 28% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.
How much do graduates of Franklin and Marshall College go on to earn?
10 years after starting school at Franklin and Marshall College, the median earnings among students who received federal financial aid was $76,124. This is $25,733 more than the national median.
Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.
How much do students at F&M take out in loans?
Graduates of F&M have to take out a median of $19,000 in federal student loans. This is $5,500 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.
Data Sources
We strive to provide users with the most up-to-date information and source data from publicly available sources, including the College Scorecard and directly from the colleges. College statistics can change throughout the year, but we do our best to update them as quickly as possible. If you see an error, feel free to contact us.
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