College Costs in Franklin Township, NJ 2026
Compare tuition, housing, and financial aid across 3 colleges in Franklin Township, New Jersey. Use our free calculator to estimate your total cost.
Avg Public Tuition
$16,200
per year
Avg Private Tuition
$40,000
per year
Avg Rent Near Campus
$1,362
per month
Colleges & Universities
3
institutions
Franklin Township Overview
Population
67,698
Student Population
4,755 (7.0%)
Cost of Living Index
130.6 (avg: 100)
Walk Score
47/100
Transit Score
25/100
Unemployment Rate
3.7%
College Cost Calculator for Franklin Township
Cost Inputs
Total Cost (4 Years, Public In-State)
$128,372
Total After Financial Aid
$128,372
Annual Cost
$32,093
Annual After Aid
$32,093
Cost Breakdown (4 Years)
If Financed (10-Year Loan at 6.5%)
| Loan Amount | $128,372 |
| Monthly Payment | $1,458 |
| Total Interest | $46,545 |
| Total Loan Cost | $174,917 |
Universities in Franklin Township
| University | Type | Annual Tuition |
|---|---|---|
| Franklin Township State University | Public | $15,295 |
| Franklin Township Community College | Community | $6,138 |
Franklin Township has 3 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.
Cost of Living in Franklin Township vs. National Average
| Category | Franklin Township | National Avg | Difference |
|---|---|---|---|
| Public Tuition (In-State) | $16,200 | $10,940 | +$5,260 |
| Monthly Rent Near Campus | $1,362 | $1,050 | +$312 |
| Cost of Living Index | 130.6 | 100 | +30.599999999999994 |
Franklin Township's cost of living is above the national average. Students should budget accordingly and consider off-campus housing options to reduce expenses.
Student Life in Franklin Township
Walk Score
Car-Dependent
Transit Score
Minimal Transit
Student Population
4,755 students
Franklin Township has a total population of 67,698, with approximately 4,755 college students (7.0% of the population). While not primarily a college town, Franklin Township offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.
Post-Graduation Outlook in Franklin Township
$45,894
Starting Salary
3.7%
Unemployment Rate
65%
Graduation Rate
~12 yrs
ROI Payback Period
Return on Investment Analysis
Graduates from colleges in Franklin Township earn a median starting salary of $45,894, which is $10,894 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $128,372 (including room and board), it would take approximately 12 years of the salary premium to recoup the investment. With average financial aid of $10,266 per student per year, the net cost and payback period can be significantly reduced.
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