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Indiana University-Kokomo vs Franklin College: which has better ROI?

Public, Kokomo IN · vs · Private nonprofit, Franklin IN

The verdict

Indiana University-Kokomo has the better ROI: it clears its 4-year net cost of $15,872 in 10.2 years versus 13 years at Franklin College, on median earnings of $49,917 vs $55,376 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureIndiana University-KokomoFranklin College
Net price / yr$3,968$22,855
Total net cost$15,872$91,420
Median earnings, 10 yrs$49,917$55,376
Median debt$16,961$27,000
Payback10.2 yrs13 yrs
20-year net return$15,268$48,900

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Indiana University-Kokomo or Franklin College?

Indiana University-Kokomo, at $3,968 a year after aid versus $22,855 — a gap of $18,887 a year, or $75,548 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Indiana University-Kokomo or Franklin College graduates earn more?

Franklin College graduates report a median $55,376 ten years after entry, $5,459 more than the $49,917 at Indiana University-Kokomo. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Indiana University-Kokomo or Franklin College?

Indiana University-Kokomo: its completers carry a median $16,961 in federal loans versus $27,000 at Franklin College, a difference of $10,039. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

60% of students finish at Franklin College, against 46% at Indiana University-Kokomo. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Indiana University-Kokomo vs Franklin College: frequently asked questions

Is Indiana University-Kokomo or Franklin College a better value?
Indiana University-Kokomo. It clears its $15,872 net cost in about 10.2 years versus 13 years at Franklin College, on median earnings of $49,917 vs $55,376 ten years out.
Which is cheaper, Indiana University-Kokomo or Franklin College?
Indiana University-Kokomo: $3,968/yr net price after aid versus $22,855/yr at Franklin College — a difference of $18,887 a year, or about $75,548 over four years.
Do Indiana University-Kokomo or Franklin College graduates earn more?
Franklin College graduates earn a median $55,376 ten years after entry, versus $49,917 at Indiana University-Kokomo — a $5,459 gap. This blends every major, so a specific field can flip it.