Franklin University Announces 24% Reduction in Undergraduate Tuition Rate

Thursday, August 15, 2019 - 12:19 pm

Columbus, Ohio (June 19, 2019)—Continuing on its mission to enable the broadest community of learners to achieve their goals, Franklin University announced that effective in the Fall 2019 term it will reduce its undergraduate tuition rate by 24%, lowering the cost from $526 per credit hour to $398 per credit hour.

With a college degree becoming a necessity for individual economic opportunity and America’s competitiveness in the global economy, and unemployment numbers reaching historic lows, there is an urgent need for talent in key fields. Franklin’s newly announced undergraduate tuition rate is 66% lower than the national average for private, nonprofit universities.

With the affordable 2019-20 tuition rate, students have the opportunity to maximize their financial aid, allowing them to finish at their desired pace. Students will be able to increase their course load to finish their program faster, or maintain their current course load and reduce the amount of loans they take out each term, allowing their financial aid to help cover more of their tuition costs.

“Today, college remains the greatest driver of socioeconomic mobility in America, making it the responsibility of higher education to remove barriers and provide opportunities that open the doors of higher education to more students,” shared Dr. David Decker, President, Franklin University. “Franklin has a long history of removing barriers, and today we are proud to announce tuition rates that continue our commitment to providing our students with an affordable high-quality education that helps them advance personally and professionally.”

Over the past two decades, Franklin University has partnered with more than 230 community colleges, along with over 65 corporations and nonprofit partners. The new tuition rate provides our community college partners with an additional benefit above and beyond the University’s generous transfer policy, and extends the value of our corporate partners’ tuition reimbursement.

The University will freeze its current master’s and doctorate level tuition of $670 per credit hour and $748 per credit hour respectively for the 2019-2020 academic year. As part of today’s adjustments, a new military master’s degree rate of $536 per credit hour for current service members will also take effect this fall. For a complete list of tuition and fees visit: franklin.edu/tuition-financial-aid/tuition-fees

By reducing its undergraduate tuition rate and holding steady those at the master’s and doctoral levels, the University strengthens its commitment to helping students earn employer-respected degrees—conveniently, quickly and affordably.

About Franklin University

Accredited, nonprofit and dedicated to educating adults since 1902, Franklin provides onsite course options at over 25 Midwest locations and is an innovator in providing personalized online education. The University offers applied in-demand undergraduate, master’s and doctorate programs that enable adult learners to achieve their educational and professional goals. The University also offers several academic programs internationally, including its top-ranked MBA, through agreements with partner institutions.

Franklin University is accredited by The Higher Learning Commission and holds specialized accreditations for specific academic programs through the International Accreditation Council for Business Education and the Commission on Collegiate Nursing Education.