Analysis
Franklin College biology graduates earn significantly less than their Indiana peers—about $5,000 below the state median and trailing every comparison school by substantial margins. While the debt load is manageable at $27,000, the first-year earnings of $31,000 place graduates in the 40th percentile statewide, meaning six out of ten Indiana biology programs deliver better starting salaries. That gap matters when you're comparing options like Purdue (30% higher earnings) or Indiana State (41% higher) at similar debt levels.
The small sample size here is worth noting—we're looking at fewer than 30 graduates, so individual circumstances could skew these numbers considerably. Still, the pattern is concerning: biology majors typically face challenging job markets regardless of school, but Franklin's outcomes lag behind both state and national benchmarks. The 0.87 debt-to-earnings ratio isn't catastrophic, but it means your child would be carrying nearly a year's salary in debt while earning less than most Indiana biology graduates.
If your child is set on biology and considering Franklin, understand they'll likely need graduate school for career advancement—a reality for most biology majors—but they'll be starting from a weaker financial position than at Indiana's larger public universities. The lower admission standards and smaller school environment may offer other benefits, but purely from an earnings standpoint, this program underperforms its in-state alternatives.
Where Franklin College Stands
Earnings vs. debt across all biology bachelors's programs nationally
Earnings Distribution
How Franklin College graduates compare to all programs nationally
Compare to Similar Programs in Indiana
Biology bachelors's programs at peer institutions in Indiana (42 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $37,350 | $30,969 | — | $27,000 | 0.87 | |
| $9,992 | $43,656 | $46,860 | $21,948 | 0.50 | |
| $9,992 | $40,145 | $56,985 | $20,380 | 0.51 | |
| $36,136 | $39,909 | $58,425 | $27,000 | 0.68 | |
| $35,600 | $39,067 | — | $23,250 | 0.60 | |
| $10,136 | $38,985 | $49,171 | $23,375 | 0.60 | |
| National Median | — | $32,316 | — | $25,000 | 0.77 |
Career Paths
Occupations commonly associated with biology graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Medical Scientists, Except Epidemiologists
Biological Science Teachers, Postsecondary
Forensic Science Technicians
Secondary School Teachers, Except Special and Career/Technical Education
Biological Technicians
Agricultural Technicians
Precision Agriculture Technicians
Food Science Technicians
Biological Scientists, All Other
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Franklin College, approximately 39% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.