Olivet Nazarene University

www.olivet.edu

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2022 Undergraduate Tuition

$36,950

1.37% growth from 2021

2022 Average Net Price

$20,059

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

57.8%

6,196 Applicants

2022 Enrolled Students

3,255

75.2% Full-Time

2022 Graduation Rate

66.6%

469 Graduates

About

Olivet Nazarene University is a higher education institution located in Kankakee County, IL. In 2022, the most popular Bachelors Degree concentrations at Olivet Nazarene University were Registered Nursing (87 degrees awarded), General Business Administration & Management (55 degrees), and General Engineering (51 degrees).

In 2022, 1,100 degrees were awarded across all undergraduate and graduate programs at Olivet Nazarene University. 64.4% of these degrees were awarded to women, and 35.6% awarded men. The most common race/ethnicity group of degree recipients was white (816 degrees), 7.63 times more than then the next closest race/ethnicity group, hispanic or latino (107 degrees).

The median undergraduate tuition at Olivet Nazarene University is $36,950, which is $12,954 more than the national average for Masters Colleges and Universities ($23,996).

In 2020 the default rate for borrower's at Olivet Nazarene University was 0%, corresponding to 0 out of the 1445 total borrowers.

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2022, the median undergraduate tuition at Olivet Nazarene University is $36,950, which is $12,954 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $20,059.

In 2022, 97% of undergraduate students attending Olivet Nazarene University received financial aid through grants. Comparatively, 70% of undergraduate students received financial aid through loans.

Tuition Costs

$36,950

2022 Undergraduate Tuition

In 2022, the cost of tuition at Olivet Nazarene University was $36,950. The cost of tuition at Olivet Nazarene University is $12,954 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

This chart compares the tuition costs of Olivet Nazarene University (in red) with those of other similar universities.

Average Net Price

$20,059

2022 Value

1.82%

1 Year Growth

In 2022 Olivet Nazarene University had an average net price — the price paid after factoring in grants and loans — of $20,059. Between 2021 and 2022, the average net price of Olivet Nazarene University grew by 1.82%.

This chart compares the average net price of Olivet Nazarene University (in red) with that of other similar universities.

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.

Other Student Expenses

$11,020

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Olivet Nazarene University was of $11,020 in 2022. The cost of room and board increased by 2.32% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies decreased by 15% during the same period.

This chart compares the average student costs at Olivet Nazarene University (in red) with that of similar universities.

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

70%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Olivet Nazarene University received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Olivet Nazarene University (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.

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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Olivet Nazarene University was 0%, which represents 0 out of the 1445 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.

Admissions

Olivet Nazarene University received 6,196 undergraduate applications in 2022, which represents a 5.36% annual growth. Out of those 6,196 applicants, 3,581 students were accepted for enrollment, representing a 57.8% acceptance rate.

There were 3,255 students enrolled at Olivet Nazarene University in 2022.

Olivet Nazarene University has an overall enrollment yield of 19%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57.8%

Acceptance Rate in 2022

3,581

Accepted Out of 6,196

In 2022, the undergraduate acceptance rate of Olivet Nazarene University was 57.8% (3,581 admissions from 6,196 applications). This is lower than the acceptance rate of 2021, which was 60.6%. Between 2021 and 2022, the number of applicants grew by 5.36%, while admissions grew by 0.562%.

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

SAT Scores

0% of enrolled first-time students at Olivet Nazarene University in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Olivet Nazarene University had a total enrollment of 3,255 students in 2022. The full-time enrollment at Olivet Nazarene University is 2,449 students and the part-time enrollment is 806. This means that 75.2% of students enrolled at Olivet Nazarene University are enrolled full-time.

The enrolled student population at Olivet Nazarene University, both undergraduate and graduate, is 65.8% White, 11.6% Hispanic or Latino, 9.22% Black or African American, 3.66% Two or More Races, 3.04% Asian, 1.14% Native Hawaiian or Other Pacific Islanders, and 0.246% American Indian or Alaska Native.

Students enrolled at Olivet Nazarene University in full-time Undergraduate programs are most commonly White Female (37.8%), followed by White Male (26.4%) and Hispanic or Latino Female (6.9%). Students enrolled in full-time Graduate programs are most commonly White Female (38.1%), followed by White Male (21.4%) and Asian Female (9.52%).

Full-Time vs Part-Time Enrollment

75.2%

Full-Time Enrollment

The total enrollment at Olivet Nazarene University in 2022, both undergraduate and graduate, is 3,255 students. The full-time enrollment at Olivet Nazarene University is 2,449 and the part-time enrollment is 806. This means that 75.2% of students enrolled at Olivet Nazarene University are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

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

Retention Rate over Time

77%

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 Olivet Nazarene University was 77%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Olivet Nazarene University had a retention rate higher than its peers.

This chart shows the retention rate over time at Olivet Nazarene University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
2,143 enrolled students
Hispanic or Latino
376 enrolled students
Black or African American
300 enrolled students

The enrolled student population at Olivet Nazarene University is 65.8% White, 11.6% Hispanic or Latino, 9.22% Black or African American, 3.66% Two or More Races, 3.04% Asian, 1.14% Native Hawaiian or Other Pacific Islanders, and 0.246% 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 Masters Colleges and Universities is 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 124 students (3.81%) did not report their race.

Graduates

In 2022, 316 more women than men received degrees from Olivet Nazarene University. The most common race/ethnicity group of degree recipients at Olivet Nazarene University is white (816 degrees awarded). There were 7.63 times more white recipients than the next closest race/ethnicity group, hispanic or latino (107 degrees).

The most common Bachelor's Degree concentration at Olivet Nazarene University is Registered Nursing (87 degrees awarded), followed by General Business Administration & Management (55 degrees) and General Engineering (51 degrees).

In 2022, the most specialized majors across all degree types at Olivet Nazarene University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (68 degrees awarded), Education (273 degrees), and Parks, Recreation, & Leisure (33 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Olivet Nazarene University are Elementary & middle school teachers (1,621,330 people), Secondary school teachers (512,199 people), Software developers (443,444 people), Other managers (423,528 people), and Miscellaneous engineers, including nuclear engineers (347,501 people).

The most specialized majors at Olivet Nazarene University in 2022 are Theology (68 degrees awarded), Education (273 degrees), Parks, Recreation, & Leisure (33 degrees), History (10 degrees), and Engineering (51 degrees) (as of 2022).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Olivet Nazarene University are Diagnostic medical sonographers, Podiatrists, Surgeons, Magnetic resonance imaging technologists, and Physicians

The most specialized majors at Olivet Nazarene University are Theology (68 degrees awarded), Education (273 degrees), Parks, Recreation, & Leisure (33 degrees), History (10 degrees), and Engineering (51 degrees) (as of 2022).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Olivet Nazarene University are Elementary & secondary schools (2,886,836 people), Computer Systems Design (507,717 people), Colleges, universities & professional schools, including junior colleges (451,377 people), Architectural, engineering & related services (440,735 people), and Construction (357,942 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Olivet Nazarene University.

Most Common (2022)

Registered Nursing
87 degrees awarded
General Business Administration & Management
55 degrees awarded
General Engineering
51 degrees awarded

In 2022, the most common bachelors degree concentration at Olivet Nazarene University was Registered Nursing with 87 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Olivet Nazarene University according to their major.

Sex Breakdown for Common Majors

392

Degrees Awarded to Men

in 2022

708

Degrees Awarded to Women

in 2022

In 2022, 392 degrees were awarded to men at Olivet Nazarene University, which is 0.554 times less than the number of degrees awarded to females (708).

This chart displays the sex disparity between the top 5 majors at Olivet Nazarene University by degrees awarded.

Most Common Male Majors

In 2022, 46 degrees were awarded to men at Olivet Nazarene University in General Business Administration & Management, which is 1.15 times more than the 40 female recipients with that same degree.

Most Common Female Majors

In 2022, 78 degrees were awarded to men at Olivet Nazarene University in Registered Nursing, which is 5.57 times more than the 14 male recipients with that same degree.

Time to Complete

53%

100% Completion Time

65%

150% Completion Time

In 2022, 53% of students graduating from Olivet Nazarene University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 65% completed their degrees within 150% of the normal time, and 66% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Olivet Nazarene University is Male and Asian (100% graduation rate). Across all Masters Colleges and Universities, 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, 1.49% of graduates (7 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
816 degrees awarded
Hispanic or Latino
107 degrees awarded
Black or African American
61 degrees awarded

The most common race/ethnicity at Olivet Nazarene University is white (816 degrees awarded). There were 7.63 times more white recipients than the next closest race/ethnicity group, hispanic or latino (107 degrees).

4% of degree recipients (44 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
511 degrees awarded
White Male
305 degrees awarded
Hispanic or Latino Female
72 degrees awarded

The most common race/ethnicity and sex grouping at Olivet Nazarene University is white female (511 degrees awarded). There were 1.68 times more white female recipients than the next closest race/ethnicity group, white male (305 degrees).

Operations

Olivet Nazarene University has an endowment valued at nearly $52.1M, as of the end of the 2022 fiscal year. The return on its endowment was of −11.1M (−21.3%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Olivet Nazarene University had a total salary expenditure of 89.4M. Olivet Nazarene University employs 41 Professors, 40 Associate professors and 29 Assistant professors. Most academics at Olivet Nazarene University are Male Professor (29), Male Associate professor (22), and Female Associate professor (18).

The most common positions for non-instructional staff at Olivet Nazarene University are: Management, with 57 employees, Office and Administrative Support, with 56 employees, and Service with 42 employees.

Endowment

$52.1M

2022 Endowment

9.71%

decline from 2021

Olivet Nazarene University has an endowment valued at about $52.1M, as of the end of the 2022 fiscal year. The endowment of Olivet Nazarene University declined 9.71% from the previous year. The value of their endowment was $5.48M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Salary Expenditure

$30.5M

2022 Salaries

4.61%

decline from 2021

In 2022, Olivet Nazarene University paid a median of $30.5M in salaries, which represents 34.1% of their overall expenditure ($89.4M) and a 4.61% decline from the previous year. This is compared to a 4.01% decline between 2020 and 2021, and a 4.57% decline between 2019 and 2020.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$7.31M

Instructional Salaries

110

Number of Employees

In 2022, Olivet Nazarene University paid a total of $7.31M to 110 employees working as instructors, which represents 24% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

41 Employees

Management

Most Common Non-Instructional Employee

57 Employees

In 2022, the most common positions for instructional staff at Olivet Nazarene University were Professor with 41 employees, Associate professor with 40 employees, and Assistant professor with 29 employees.

In 2022, the most common positions for non-instructional staff at Olivet Nazarene University were Management with 57 employees, Office and Administrative Support with 56 employees, and Service with 42 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Male Associate professor
Female Associate professor

In 2022, the most common demographic for instructional staff at Olivet Nazarene University was Male Professor with 29 employees, Male Associate professor with 22 employees, and Female Associate professor with 18 employees.

This chart shows the sex split between each academic rank present at Olivet Nazarene University.

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