The average student at Franklin College takes 12 to 20 credit hours, lives on campus, and has a meal plan for four years.
That student also pays 16 cents per minute to be here.
The sticker price for Franklin College this year is about $38,000 – which includes tuition (around $29,000), residence living (around $5,000), meal plan (around $3,400), winter term meals (around $400) and various fees (around $200).
For four years, that bill would come to $152,260.
The 16-cent per minute statistic breaks down like this:
• The exact sticker price of Franklin College is $38,065.
• A typical student is on campus 165 days of the year.
• There are 237,600 minutes in those days.
• For four years, that adds up to 950,400 minutes.
• Divide the 4-year sticker price ($152,260) by the number of minutes spent on campus (950,400), and you get $0.16 per minute.
According to Dan Schluge, vice president of business and finance, many students at Franklin College get a “discount rate” on tuition for various reasons like financial aid and scholarships.
The rate gives students up to 48 percent off the sticker price for the overall student body.
“A lot of students are only paying the institutional aid and not the full price,” said Denise Baird, acting associate dean of academic affairs. “Franklin wants good students to contribute to the school, so they discount tuition.”
In the past five years, tuition has increased by about $800, but people cost money, Schluge said.
Schluge said the school raises tuition to pay for the bills and also wants to improve the experience of the students.
A student who goes to events, is an athlete, never eats off campus and takes advantage of programs like counseling is getting more for what they are paying.
On the other hand, a student who goes to class, does homework and hangs out in a dorm room the rest of the time is getting less benefit but pays the same amount.
Junior Moda Nyema said knowing the college’s cost per minute is a fun fact, but in the end, students are still paying nearly $38,000.
“Education and academic wise, I think I am getting the most of Franklin,” Nyema said. “But food and social wise, no.”
Senior Arjun Bhalla agrees, saying that although he likes the services the college offers, like counseling, he’s not sure he gets his money’s worth.
“Sometimes every second I don’t get what I’m paying for,” Bhalla said. “The food sometimes is not as good and professors cancel classes that I’m paying for.”
On the other hand, sophomore Hunter Witaker said he thinks Franklin is a completely different world from the out-of-state school he transferred from and is content with paying 16 cents a minute.
Commuter and junior Greg Spina said he thinks he’s getting a “good experience” at Franklin College.
“When necessary, I go to office hours and teachers are readily available,” Spina said.
Hilary Hauguel, a 2012 graduate, conducted a two-week research study to analyze student’s time management and behavior depending on their major at Franklin College.
Exactly 110 participants logged their time into categories, including how much time they spent eating, participating in athletics, sleeping, attending class, doing homework, working and more.
Of the students surveyed, going to class and doing homework made up 20 percent of their time.
Most of their time, however, was spent having fun or sleeping, reaching 55 percent of their typical day.
“Being a student doesn’t only mean going to class [and] doing homework,” said math professor Justin Gash. “It includes students participating in athletics, Greek life, clubs and being involved around campus.”