Albion College

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2022 Undergraduate Tuition
$54,410
3.5% growth from 2021
2022 Average Net Price
$19,351
After Financial Aid
2019 Default Rate
1.98%
on Student Loans
2022 Acceptance Rate
66.5%
6,827 Applicants
2022 Enrolled Students
1,456
99.2% Full-Time
2022 Graduation Rate
59.2%
238 Graduates

About

Albion College is a higher education institution located in Calhoun County, MI. In 2022, the most popular Bachelors Degree concentrations at Albion College were Other Research & Experimental Psychology (38 degrees awarded), Kinesiology & Exercise Science (37 degrees), and General Biological Sciences (30 degrees).

In 2022, 365 degrees were awarded across all undergraduate and graduate programs at Albion College. 58.1% of these degrees were awarded to women, and 41.9% awarded men. The most common race/ethnicity group of degree recipients was white (226 degrees), 4.52 times more than then the next closest race/ethnicity group, black or african american (50 degrees).

The median undergraduate tuition at Albion College is $54,410, which is $26,080 more than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at Albion College is $54,410, which is $26,080 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $19,351.

In 2022, 99% of undergraduate students attending Albion College received financial aid through grants. Comparatively, 65% of undergraduate students received financial aid through loans.

Tuition Costs

$54,410
2022 Undergraduate Tuition

In 2022, the cost of tuition at Albion College was $54,410. The cost of tuition at Albion College is $26,080 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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Average Net Price

$19,351
2022 Value
2.13%
1 Year Growth

In 2022 Albion College had an average net price — the price paid after factoring in grants and loans — of $19,351. Between 2021 and 2022, the average net price of Albion College grew by 2.13%.

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Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

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Other Student Expenses

$12,380
Room and Board
$700
Books and Supplies

The average yearly cost of room and board at Albion College was of $12,380 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $700. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

99%
Undergraduates Receiving Financial Aid through Grants
65%
Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Albion College received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Albion College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

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Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.
1.98%
2019 Default Rate
8
Number of Defaults

In 2019 the default rate for borrower's at Albion College was 1.98%, which represents 8 out of the 405 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

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Admissions

Albion College received 6,827 undergraduate applications in 2022, which represents a 3.58% annual growth. Out of those 6,827 applicants, 4,541 students were accepted for enrollment, representing a 66.5% acceptance rate.

There were 1,456 students enrolled at Albion College in 2022.

Albion College has an overall enrollment yield of 9.21%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66.5%
Acceptance Rate in 2022
4,541
Accepted Out of 6,827

In 2022, the undergraduate acceptance rate of Albion College was 66.5% (4,541 admissions from 6,827 applications). This is lower than the acceptance rate of 2021, which was 69.3%. Between 2021 and 2022, the number of applicants grew by 3.58%, while admissions declined by −0.548%..

This chart compares the acceptance rate of Albion College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Albion College had a total enrollment of 1,456 students in 2022. The full-time enrollment at Albion College is 1,444 students and the part-time enrollment is 12. This means that 99.2% of students enrolled at Albion College are enrolled full-time.

The enrolled student population at Albion College, both undergraduate and graduate, is 55.6% White, 16.5% Black or African American, 12% Hispanic or Latino, 3.5% Two or More Races, 1.51% Asian, and 0.343% American Indian or Alaska Native.

Students enrolled at Albion College in full-time Undergraduate programs are most commonly White Female (30.4%), followed by White Male (25.6%) and Black or African American Female (8.32%).

Full-Time vs Part-Time Enrollment

99.2%
Full-Time Enrollment

The total enrollment at Albion College in 2022, both undergraduate and graduate, is 1,456 students. The full-time enrollment at Albion College is 1,444 and the part-time enrollment is 12. This means that 99.2% of students enrolled at Albion College are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Albion College (in red) compares to similar universities.

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Retention Rate over Time

73%
2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Albion College was 73%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Albion College had a retention rate higher than its peers.

This chart shows the retention rate over time at Albion College (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    809 enrolled students
  2. Black or African American
    240 enrolled students
  3. Hispanic or Latino
    174 enrolled students

The enrolled student population at Albion College is 55.6% White, 16.5% Black or African American, 12% Hispanic or Latino, 3.5% Two or More Races, 1.51% Asian, and 0.343% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.3% White, 13.8% Hispanic or Latino, and 13.1% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 110 students (7.55%) did not report their race.

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Graduates

In 2022, 59 more women than men received degrees from Albion College. The most common race/ethnicity group of degree recipients at Albion College is white (226 degrees awarded). There were 4.52 times more white recipients than the next closest race/ethnicity group, black or african american (50 degrees).

The most common Bachelor's Degree concentration at Albion College is Other Research & Experimental Psychology (38 degrees awarded), followed by Kinesiology & Exercise Science (37 degrees) and General Biological Sciences (30 degrees).

In 2022,  the most specialized majors across all degree types at Albion College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (20 degrees awarded), Philosophy and Religious Studies (11 degrees), and Parks, Recreation, & Leisure (37 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Albion College are Lawyers, & judges, magistrates, & other judicial workers (209,608 people), Elementary & middle school teachers (203,641 people), Postsecondary teachers (198,735 people), Other managers (190,332 people), and Secondary school teachers (154,860 people).

The most specialized majors at Albion College in 2022 are History (20 degrees awarded), Philosophy and Religious Studies (11 degrees), Parks, Recreation, & Leisure (37 degrees), Physical Sciences (16 degrees), and English (16 degrees) (as of 2022).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Albion College are Diagnostic medical sonographers, Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at Albion College are History (20 degrees awarded), Philosophy and Religious Studies (11 degrees), Parks, Recreation, & Leisure (37 degrees), Physical Sciences (16 degrees), and English (16 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Albion College are Elementary & secondary schools (496,993 people), Colleges, universities & professional schools, including junior colleges (396,961 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (193,275 people), Legal services (166,905 people), and Computer Systems Design (160,356 people).

The most specialized majors at Albion College are History (20 degrees awarded), Philosophy and Religious Studies (11 degrees), Parks, Recreation, & Leisure (37 degrees), Physical Sciences (16 degrees), and English (16 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Albion College.
Most Common (2022)
  1. 38 degrees awarded
  2. 37 degrees awarded
  3. 30 degrees awarded

In 2022, the most common bachelors degree concentration at Albion College was Other Research & Experimental Psychology with 38 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Albion College according to their major.

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Sex Breakdown for Common Majors

153
Degrees Awarded to Men
in 2022
212
Degrees Awarded to Women
in 2022

In 2022, 153 degrees were awarded to men at Albion College, which is 0.722 times less than the number of degrees awarded to females (212).

This chart displays the sex disparity between the top 5 majors at Albion College by degrees awarded.

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Most Common Male Majors

In 2022, 19 degrees were awarded to men at Albion College in General Finance, which is 6.33 times more than the 3 female recipients with that same degree.

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Most Common Female Majors

In 2022, 31 degrees were awarded to men at Albion College in Other Research & Experimental Psychology, which is 4.43 times more than the 7 male recipients with that same degree.

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Time to Complete

58%
100% Completion Time
68%
150% Completion Time

In 2022, 58% of students graduating from Albion College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 69% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Male
Highest Graduation Rate (75%)

The student demographic with the highest graduation rate in 2022 at Albion College is Male and Two or More Races (75% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 3.36% of graduates (8 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    226 degrees awarded
  2. Black or African American
    50 degrees awarded
  3. Hispanic or Latino
    35 degrees awarded

The most common race/ethnicity at Albion College is white (226 degrees awarded). There were 4.52 times more white recipients than the next closest race/ethnicity group, black or african american (50 degrees).

7.95% of degree recipients (29 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    129 degrees awarded
  2. White Male
    97 degrees awarded
  3. Black or African American Female
    34 degrees awarded

The most common race/ethnicity and sex grouping at Albion College is white female (129 degrees awarded). There were 1.33 times more white female recipients than the next closest race/ethnicity group, white male (97 degrees).

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Operations

Albion College has an endowment valued at nearly $176M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−11.2%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Albion College had a total salary expenditure of 65.6M. Albion College employs 47 Professors, 42 Assistant professors and 23 Associate professors. Most academics at Albion College are Male Professor (28), Female Assistant professor (26), and Female Professor (19).

The most common positions for non-instructional staff at Albion College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 62 employees, Management, with 60 employees, and Office and Administrative Support with 28 employees.

Endowment

$176M
2022 Endowment
11.6%
decline from 2021

Albion College has an endowment valued at about $176M, as of the end of the 2022 fiscal year. The endowment of Albion College declined 11.6% from the previous year. The value of their endowment was $127M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Albion College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

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Salary Expenditure

$27.1M
2022 Salaries
1.73%
decline from 2021

In 2022, Albion College paid a median of $27.1M in salaries, which represents 41.3% of their overall expenditure ($65.6M) and a 1.73% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

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Instructional Salaries

$8.45M
Instructional Salaries
123
Number of Employees

In 2022, Albion College paid a total of $8.45M to 123 employees working as instructors, which represents 31.2% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

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Occupations by Share

Professor
Most Common Instructor
47 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
62 Employees

In 2022, the most common positions for instructional staff at Albion College were Professor with 47 employees, Assistant professor with 42 employees, and Associate professor with 23 employees.

In 2022, the most common positions for non-instructional staff at Albion College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 62 employees, Management with 60 employees, and Office and Administrative Support with 28 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Female Assistant professor
  3. Female Professor

In 2022, the most common demographic for instructional staff at Albion College was Male Professor with 28 employees, Female Assistant professor with 26 employees, and Female Professor with 19 employees.

This chart shows the sex split between each academic rank present at Albion College.

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