Analysis
Business programs in Indiana show dramatic variation in outcomes, with top programs producing first-year earnings above $70,000 while mid-tier schools cluster closer to the state median. Franklin College's program appears to track right at that median—comparable programs across the state suggest earnings around $47,400, which matches the national benchmark almost exactly. The estimated $27,000 in debt is slightly above both the state and national medians for business degrees, though the 0.57 debt-to-earnings ratio falls within reasonable bounds for a bachelor's program.
What complicates the assessment here is Franklin's 71% admission rate and modest test scores, combined with its likely higher price point as a private institution. Students at similar Indiana public universities—IU South Bend, IU East—appear to earn roughly the same while potentially graduating with less debt. The program doesn't seem to be creating the earning power that might justify private college pricing, nor does it stand out from what state universities deliver.
For parents weighing this option, the key question is whether Franklin's smaller environment and specific offerings justify paying more for outcomes that mirror what's available elsewhere in Indiana. The debt load isn't alarming, but this doesn't look like a program that delivers outsized returns. If your child is comparing Franklin to Indiana's public options, understand they're likely looking at similar career trajectories—the private college premium here buys experience, not necessarily earnings.
Where Franklin College Stands
Earnings vs. debt across all business/commerce bachelors's programs nationally
Compare to Similar Programs in Indiana
Business/Commerce bachelors's programs at peer institutions in Indiana (22 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,350 | $47,406* | — | $27,000* | — | |
| $62,693 | $73,170* | $84,414 | —* | — | |
| $11,790 | $71,100* | $89,404 | $19,500* | 0.27 | |
| $8,179 | $54,860* | $57,188 | $25,250* | 0.46 | |
| $10,449 | $52,467* | $59,798 | $22,003* | 0.42 | |
| $8,179 | $48,238* | $51,179 | $20,500* | 0.42 | |
| National Median | — | $47,506* | — | $26,000* | 0.55 |
Career Paths
Occupations commonly associated with business/commerce graduates
Sales Managers
Industrial Production Managers
Quality Control Systems Managers
Geothermal Production Managers
Biofuels Production Managers
Biomass Power Plant Managers
Hydroelectric Production Managers
Construction Managers
Administrative Services Managers
Facilities Managers
Security Managers
Chief Executives
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.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 12 similar programs in IN. Actual outcomes may vary.