Franklin College of Indiana vs. Lees-McRae College

Comparable Facts

Compare Franklin College in Franklin, IN with Lees McRae College in Banner Elk, NC on tuition, admissions, graduation, earnings, and student body data using the table above.

Franklin College is larger than Lees-McRae College based on total student enrollment (985 students vs. 910 students)

Location, institution type, and student-faculty ratio

• Franklin College is located in Franklin, IN (Large Suburban setting); Lees McRae College is in Banner Elk, NC (Distant Rural setting).
• Franklin College is a private, non-profit 4-year institution. Lees McRae College is a private, non-profit 4-year institution.
• Student-to-faculty ratio: Franklin College 12:1; Lees McRae College 11:1.

Franklin College of Indiana vs. Lees-McRae College Cost Comparison

Which college is more expensive, Franklin College of Indiana or Lees-McRae College? Published tuition is the sticker price; many students pay less after aid (see average net price below).

• The typical actual cost that students pay to attend (average net price) is less at Franklin College than Lees-McRae College ($24,189 vs. $29,833).
• Living costs (room and board or off-campus housing budget) at Franklin College are 18.4% lower than at Lees McRae College ($12,405 vs. $15,200).
• Franklin College is 16.4% more expensive for in-state tuition than Lees-McRae College (about $5,460 more per year; $38,710.00 vs. $33,250.00).
• Out-of-state tuition is 16.4% higher at Franklin College of Indiana than at Lees McRae College (about $5,460 more per year; $38,710.00 vs. $33,250.00).
• A larger share of students receive grant aid at Franklin College than at Lees McRae College (100% vs. 97%).
• The average total grant financial aid received by Franklin College students is 51.8% larger than aid received by Lees McRae College students ($30,025 vs. $19,774).

Franklin College of Indiana vs. Lees-McRae College Admissions comparison

Which college is harder to get into, Franklin College of Indiana or Lees-McRae College? Typical SAT and ACT scores (same estimates as in the table above), middle 50% test ranges where reported, test score submission policy, deadlines, and acceptance rates summarize admission difficulty between Lees-McRae College and Franklin College of Indiana.

• The typical SAT score (median estimate) at Franklin College (1150) is 10 points higher than at Lees-McRae College (1140).
• Incoming Franklin College of Indiana students have the same typical ACT composite (median estimate; 23) as students at Lees-McRae College (23).
• Reported middle 50% SAT composite range (25th-75th percentile) for admitted students: Franklin College 1060/1240; Lees McRae College 1040/1240.
• Reported middle 50% ACT composite range (25th-75th percentile) for admitted students: Franklin College 20/26; Lees McRae College 20/26.
• Submitting SAT or ACT scores: Franklin College of Indiana - Test optional; Lees-McRae College - Test-free.
• Lees-McRae College has a higher acceptance rate (76.8%) than Franklin College of Indiana (69.8%).
• The share of admitted students who enrolled (yield) is 17.4% at Franklin College of Indiana vs. 13.9% at Lees-McRae College.

Franklin College of Indiana vs. Lees-McRae College Graduation Outcomes Comparison

How do outcomes compare for Franklin College of Indiana and Lees-McRae College? Graduation rate, earnings, and student loan debt are common indicators. The bullets below summarize the same federal outcomes fields as the comparison table (College Scorecard / IPEDS where applicable).

• Franklin College's six-year graduation rate (49%) is higher than Lees McRae College's (24%).
• Graduates from Franklin College earn a median of about $11,000 more per year than Lees-McRae College graduates about ten years after starting college ($45,300 vs. $34,300), per the same Scorecard earnings definition.
• Among federal student loan borrowers, Lees McRae College graduates have a $7,000 lower median loan debt than Franklin College of Indiana graduates ($20,000 vs. $27,000).
• Among borrowers, Lees-McRae College graduates have an estimated $73 lower median monthly federal student loan payment than Franklin College of Indiana graduates ($206 vs. $279).
• More Franklin College of Indiana graduates are actively paying back their federal student loan debt than former Lees-McRae College students, three years after graduation. (73% vs. 55%)

Sources: U.S. Department of Education https://nces.ed.gov IPEDS and College Scorecard https://collegescorecard.ed.gov/. Values reflect the most recent year available in our dataset.