Health Services/Allied Health/Health Sciences at Franklin College

A $27,000 debt load against first-year earnings around $36,400—figures drawn from similar Indiana health sciences programs—lands squarely in the middle of what this field typically delivers. That 0.74 debt-to-earnings ratio suggests manageable repayment, though it's worth noting that several Indiana schools with reported outcomes show their health sciences graduates earning $38,000 to $41,600 in year one. Whether Franklin College matches those higher-performing peers or tracks closer to the state median remains unclear without program-specific data.

The broader challenge with allied health bachelor's degrees is that many positions in this field don't require a four-year credential at all. Medical assistants, phlebotomists, and similar roles often need only certification or an associate degree, raising questions about return on investment. If Franklin's program focuses on healthcare administration or positions that genuinely require a bachelor's, the debt picture looks reasonable. If it's preparing students for jobs accessible through shorter credentials, you're potentially overpaying for the same entry point.

Given the estimation uncertainty and Franklin's 39% Pell grant population, ask the admissions office directly: What specific jobs do graduates take? What's their actual placement rate? The estimated figures suggest this won't be a financial disaster, but without knowing where Franklin's outcomes fall within that $33,000-$41,000 Indiana range, you're making a $27,000 bet on incomplete information.