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National Application Center :: campus tours :: Franklin and Marshall College costs & financial aid

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Franklin and Marshall College

Franklin and Marshall College
P.O. Box 3003
Lancaster, PA 17604-3003

Official telephone: (717) 291-3911
Fax number: (717) 399-4437
Website: www.fandm.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: M. Clark Paine,
Director of Financial Aid
Contacting the office: 717 291-3991
717 399-4462 (fax)
financialaid@fandm.edu
FAFSA number: 003265

EXPENSES
Undergraduate tuition: $52,190; $52,190 out-of-state
Additional required fees: $100
Book fees: $1,200
Miscellaneous expenses: $1,270
Other expenses: Miscellaneous.
Combined room and board expenses: $13,120

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AnoFebruary 15
CSS/Financial Aid PROFILEFebruary 15noN/A
Noncustodial (Divorced/Separated) Parent's StatementN/AnoFebruary 15
tax formsN/AnoFebruary 15

Date award notification begins: April 1
Applied for financial aid:
63% of first-year students
60% of full-time undergraduates
22% of part-time undergraduates
Determined to have financial need:
80% of first-year students
87% of full-time undergraduates
0% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
99% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
93% of first-year students
95% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
20% of first-year students
22% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
100% of first-year students
100% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
100% for first-year students
100% for full-time undergraduates
0% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$47,424 for first-year students
$46,531 for full-time undergraduates
Average need-based gift award:
$43,342 for first-year students
$41,659 for full-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,564 for first-year students
$5,717 for full-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,868 for first-year students
$4,120 for full-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
1% of first-year students
1% of full-time undergraduates
0% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$5,000 for first-year students
$8,650 for full-time undergraduates
$0 for part-time undergraduates
Students who received a non-need-based athletic award:
0% of first-year students
0% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 42%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • College/University Loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 51%
Average student debt upon graduation: $26,162
Types of payment plans:
  • Key Education Resources (formerly Knight Tuition Plans)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • creative arts/performance

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.