Analysis
Journalism programs in Indiana show significant variation, and Franklin College's estimated outcomes sit near the state median—a first-year salary around $38,540 combined with roughly $25,000 in debt. That debt-to-earnings ratio of 0.65 is manageable compared to many fields, though journalism typically doesn't offer rapid salary growth in the early years.
What's worth noting is how these estimates compare to programs with reported data: Indiana University-Bloomington produces slightly higher first-year earnings ($39,992), while Ball State's journalism graduates start considerably lower ($31,398). The estimated $25,000 debt figure is modestly higher than Indiana's program median of $22,837, which means Franklin students might be carrying slightly more than their peers at other state schools for similar starting earnings.
The practical reality is that journalism requires building experience and networks, and starting around $38,500 means budgeting carefully while you do that. With a debt payment around $280 monthly on a standard 10-year plan, that's roughly 9% of gross income—uncomfortable but workable if you're committed to the field. The bigger question is whether Franklin's smaller program offers the internship connections and portfolio-building opportunities that matter as much as the credential itself in this profession.
Where Franklin College Stands
Earnings vs. debt across all journalism bachelors's programs nationally
Compare to Similar Programs in Indiana
Journalism bachelors's programs at peer institutions in Indiana (15 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,350 | $38,540* | — | $25,000* | — | |
| $11,790 | $39,992* | $54,955 | $19,500* | 0.49 | |
| $10,449 | $38,540* | $40,760 | $22,837* | 0.59 | |
| $10,758 | $31,398* | $47,164 | $25,675* | 0.82 | |
| National Median | — | $34,515* | — | $24,250* | 0.70 |
Career Paths
Occupations commonly associated with journalism graduates
Communications Teachers, Postsecondary
Editors
Writers and Authors
Poets, Lyricists and Creative Writers
Film and Video Editors
News Analysts, Reporters, and Journalists
Photographers
Broadcast Announcers and Radio Disc Jockeys
Proofreaders and Copy Markers
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 3 similar programs in IN. Actual outcomes may vary.