Franklin and Marshall College

Franklin and Marshall College is a private school located in Lancaster, PA

Average Annual Tuition at Franklin and Marshall College

The latest data we have for Franklin and Marshall College's annual average net costs are from 2018. These costs and and the average Pennsylvania schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.

In-state Tuition Out-of-state Tuition Median Debt Avgerate Net Cost
Franklin and Marshall College $56,550 $56,550 $20,000 $26,479
PA Average $34,663 $34,663 $25,444 $24,942

As you can see, annual costs at Franklin and Marshall College have risen over the last few years, and are projected to continue to skyrocket based on our analysis.

Actual Costs      Projected Costs

Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.

These rising costs are hitting closer to home in Pennsylvania as well. Pennsylvania's' higher education costs rose by 26.1% in just the last 10 years, ranking as the 38th highest state.

Franklin and Marshall College Financial Assistance

43% of students enrolled at Franklin and Marshall College receive some form of Federal loan assistance. You can view Franklin and Marshall College's student aid calculator here.

Use a 529 Plan to Offset Rising Education Costs

One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.

Pennsylvania’s 529 Investment Plan is managed by the Pennsylvania Treasury Department with recordkeeping and investment services provided by Ascensus College Savings and The Vanguard Group respectively. The program features 3 age-based investment options and 10 static investment options, including a socially responsible equity portfolio, using Vanguard-managed portfolios. The Guaranteed Savings Plan, available only to Pennsylvania residents, functions as a unit-type prepaid tuition plan and provides protection against increasing tuition costs in various institutional categories.

State Plan Name:PA 529
Minimum Contribution:$25
Maximum Contribution:up to $511,758 per beneficiary across accounts. As market value increase, the account may continue to accrue earnings, but no additional contributions or transfers will be accepted.
Fees:0.2250% to 0.3250% asset management fee, depending on portfolio; 0.1350% operational support fee; $10 annual account maintenance fee, if you want paper statements;

Pennsylvania School Statistics

Pennsylvania

We've analyzed all other higher education schools in PA, and wrapped it up nicely into a report for you. View our PA analysis report.

There are 115 other accredited private schools located in the state of Pennsylvania. You can view all PA schools here.