Meeting Talented Students Where They Are
We offer multiple forms of aid to make our extraordinary education affordable to all deserving students:
- Need-Based Aid
- Merit Scholarships (determined by the Office of Admission)
- Athletic Scholarships (Division I only; determined by F&M Athletics)
- Diplomat Leadership Scholarship (determined by the Office of Admission)
Need-based and merit-based financial aid is not mutually exclusive; you can qualify
and receive both. If you’re admitted to F&M, we will meet 100% of your institutionally
determined financial need for all four years on campus.
What Does it Cost to Attend Franklin & Marshall College?Also known as Cost of Education, this is the total cost of educating an F&M student
for an entire academic year. The COA includes actual Direct Costs and estimated Indirect
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Need-Based Aid at F&M
of F&M students receive some sort of need-based aid
Our investment in need-based financial aid has enabled us to enroll talented students of all backgrounds who have earned the opportunity to benefit from an F&M education. We are proud that F&M is a dynamic campus where students of myriad cultures and diverse ethnic and socioeconomic backgrounds can exchange ideas, learn from one another, and grow together. Each year, F&M continues to reimagine the definition of need, expanding the eligibility for students from all backgrounds.
As a result, 24 percent of domestic students in the Class of 2021 are eligible for federal Pell grants, 20 percent are the first in their families to go to college, 26 percent are domestic students of color, and 14 percent come from countries outside the United States. Our commitment to need-based financial aid has also enabled us to decrease student debt at graduation by nearly 20 percent since 2012.
How We Determine Financial Need
We define need as the difference between the cost of attending F&M and the amount a family is expected to contribute. The family contribution — calculated from the information that you provide on the FAFSA and CSS Profile — is used to determine the types and amounts of need-based financial aid for which you are eligible.
Calculate Your Cost
We offer two options to help you estimate your personal cost of an F&M education. While these tools are useful for college planning, they also have limitations. Please carefully read the introductory and explanatory information provided with each calculator.
These tools are available to U.S. citizens only.
MyinTuition is most appropriate for prospective students and families looking for a quick ballpark estimate. It gives a range of expected costs for 90% of families in a similar situation.
The Net Price Calculator is most appropriate for prospective students and families who need a more nuanced estimate of what their aid package will look like if they attend F&M. Make sure you have your tax returns and W-2s handy when completing.
Types of Aid Available
Financial aid typically comes in three forms: grants and scholarships, loans, and work-study.
Financial Aid Terms to Know
We understand that financial aid can be confusing. From “CSS Profile” and “FAFSA” to “Pell Grant” and “Work Study,” take a look at these terms you’ll be hearing throughout the financial aid process.
Read Our Financial Aid Policies
Explore F&M guidelines and regulations related to financial aid.
We Offer Financial Aid for International StudentsReflecting our commitment to a diverse student body, we are proud to offer need-based
financial aid to international students. This means that if you are admitted to F&M,
we will meet 100% of your institutionally determined financial need for all four years
on campus. Please keep in mind that while the amount of aid is generous, it is also
limited, so we encourage you to apply early.
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Contact the Financial Aid Team
Do you have questions about financial aid at F&M? You have an assigned contact based on the first letter of your last name. If you need help, you can reach out to them!
The Lasting Value of an F&M Education
The tremendous success of F&M graduates demonstrates the tangible value of an F&M degree when compared to national outcomes. Within six months after graduation, 95% of the Class of 2022 were either employed or furthering their education. This is notably higher than the national average, which is typically in the mid-80% range.Explore success beyond F&M »
The Impact of Financial Aid at F&M
February 18, 2023
'I Have Such a Reverence for the Cinematic Experience': Meet Simon Taylor '23
At a young age, Franklin & Marshall College senior Simon Taylor already had a comprehensive knowledge of movies from the 1980s. Film and media studies major and financial aid recipient discusses the Winter Visual Arts Center and his work helping launch Gleaners Film Festival.
February 8, 2023
'F&M Really Made My Dreams Come True': Meet Gyana Guity '24
Franklin & Marshall College junior Gyana Guity wants you to walk through a bookstore and spot her name on the spines lining the shelves. She wants you to notice her name appearing on the silver...Creative writing major from Bronx, N.Y. shares how financial aid enables her to pursue her dreams at F&M where she has grown as a writer and person.
June 7, 2022
A Diner, a Dream, and a Golden Door
Roger Avila-Vidal '22 was just an infant when his parents moved the family from Puebla, Mexico, to Lancaster in pursuit of a better life. An ambitious student growing up, the Franklin &...Roger Avila-Vidal knew college was possible. But his immigration status made that dream seem impossible â until a chance encounter with a F&M benefactor.