College Costs in Franklin, IN 2026
Compare tuition, housing, and financial aid across 2 colleges in Franklin, Indiana. Use our free calculator to estimate your total cost.
Avg Public Tuition
$10,200
per year
Avg Private Tuition
$34,000
per year
Avg Rent Near Campus
$531
per month
Colleges & Universities
2
institutions
Franklin Overview
Population
26,149
Student Population
2,879 (11.0%)
Cost of Living Index
78.7 (avg: 100)
Walk Score
44/100
Transit Score
16/100
Unemployment Rate
3.2%
College Cost Calculator for Franklin
Cost Inputs
Total Cost (4 Years, Public In-State)
$91,472
Total After Financial Aid
$91,472
Annual Cost
$22,868
Annual After Aid
$22,868
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $91,472 |
| Monthly Payment | $1,039 |
| Total Interest | $33,166 |
| Total Loan Cost | $124,638 |
Universities in Franklin
| University | Type | Annual Tuition |
|---|---|---|
| Franklin State University | Public | $10,440 |
| Franklin Community College | Community | $5,549 |
Franklin has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Franklin vs. National Average
| Category | Franklin | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $10,200 | $10,940 | -$740 |
| Monthly Rent Near Campus | $531 | $1,050 | -$519 |
| Cost of Living Index | 78.7 | 100 | -21.299999999999997 |
Franklin's cost of living is below the national average. This makes it a more affordable city for students compared to many other college towns.
Student Life in Franklin
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
2,879 students
Franklin has a total population of 26,149, with approximately 2,879 college students (11.0% of the population). Franklin has a significant student presence that contributes to a diverse cultural scene with restaurants, entertainment, and networking opportunities.
Post-Graduation Outlook in Franklin
$37,648
Starting Salary
3.2%
Unemployment Rate
54%
Graduation Rate
~35 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Franklin earn a median starting salary of $37,648, which is $2,648 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $91,472 (including room and board), it would take approximately 35 years of the salary premium to recoup the investment. With average financial aid of $12,813 per student per year, the net cost and payback period can be significantly reduced.
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