McPherson College

www.mcpherson.edu

2024 Undergraduate Tuition

$35,946

5.5% growth from 2023

2024 Average Net Price

$27,110

After Financial Aid

2023 Default Rate

1.26%

on Student Loans

2024 Acceptance Rate

76.8%

1,846 Applicants

2024 Enrolled Students

878

99.1% Full-Time

2024 Graduation Rate

33.9%

58 Graduates

Costs

In 2024, the median undergraduate tuition at McPherson College is $35,946, which is $7,768 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $27,110.

In 2024, 100% of undergraduate students attending McPherson College received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans.

Tuition Costs

$35,946

2024 Undergraduate Tuition

In 2024, the cost of tuition at McPherson College was $35,946. The cost of tuition at McPherson College is $7,768 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

This chart compares the tuition costs of McPherson College (in red) with those of other similar universities.

Average Net Price

$27,110

2024 Value

6.36%

1 Year Growth

In 2024 McPherson College had an average net price — the price paid after factoring in grants and loans — of $27,110. Between 2023 and 2024, the average net price of McPherson College grew by 6.36%.

This chart compares the average net price of McPherson College (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

$10,233

Room and Board

$1,420

Books and Supplies

The average yearly cost of room and board at McPherson College was of $10,233 in 2024. The cost of room and board increased by 2.01% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,420. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at McPherson College (in red) with that of similar universities.

Financial Aid by Income Level

100%

Undergraduates Receiving Financial Aid through Grants

64%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at McPherson College received financial aid through grants or loans in 2024. This represents a growth of 1.01% with respect to 2023, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at McPherson 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.

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.

1.26%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at McPherson College was 1.26%, which represents 3 out of the 238 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.

Enrollment

McPherson College had a total enrollment of 878 students in 2024. The full-time enrollment at McPherson College is 870 students and the part-time enrollment is 8. This means that 99.1% of students enrolled at McPherson College are enrolled full-time.

The enrolled student population at McPherson College, both undergraduate and graduate, is 52.5% White, 14.5% Hispanic or Latino, 13.4% Black or African American, 3.3% American Indian or Alaska Native, 1.94% Asian, 0.342% Two or More Races, and 0.228% Native Hawaiian or Other Pacific Islanders.

Students enrolled at McPherson College in full-time Undergraduate programs are most commonly White Male (33.9%), followed by White Female (18.2%) and Black or African American Male (10.3%).

Full-Time vs Part-Time Enrollment

99.1%

Full-Time Enrollment

The total enrollment at McPherson College in 2024, both undergraduate and graduate, is 878 students. The full-time enrollment at McPherson College is 870 and the part-time enrollment is 8. This means that 99.1% of students enrolled at McPherson College are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

65%

2024 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 McPherson College was 65%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), McPherson College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
461 enrolled students
Hispanic or Latino
127 enrolled students
Black or African American
118 enrolled students

The enrolled student population at McPherson College is 52.5% White, 14.5% Hispanic or Latino, 13.4% Black or African American, 3.3% American Indian or Alaska Native, 1.94% Asian, 0.342% Two or More Races, and 0.228% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% 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, 69 students (7.86%) did not report their race.

Operations

McPherson College has an endowment valued at nearly $715M, as of the end of the 2024 fiscal year. The return on its endowment was of 6.02M (0.842%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, McPherson College had a total salary expenditure of 25.3M. McPherson College employs 19 Assistant professors, 15 Associate professors and 12 Professors. Most academics at McPherson College are Female Assistant professor (13), Male Associate professor (12), and Male Professor (7).

The most common positions for non-instructional staff at McPherson College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 28 employees, Business and Financial Operations, with 18 employees, and Management with 13 employees.

Endowment

$715M

2024 Endowment

3.25%

growth from 2023

McPherson College has an endowment valued at about $715M, as of the end of the 2024 fiscal year. The endowment of McPherson College grew 3.25% from the previous year. The value of their endowment was $665M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at McPherson 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: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$10.3M

2024 Salaries

5.63%

growth from 2023

In 2024, McPherson College paid a median of $10.3M in salaries, which represents 40.5% of their overall expenditure ($25.3M) and a 5.63% growth from the previous year. This is compared to a 10.6% growth between 2022 and 2023, and a 8.06% growth between 2021 and 2022.

Instructional Salaries

$3.32M

Instructional Salaries

Number of Employees

In 2024, McPherson College paid a total of $3.32M to 49 employees working as instructors, which represents 32.3% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at McPherson College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 28 employees, Business and Financial Operations with 18 employees, and Management with 13 employees.

McPherson College

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McPherson College

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About

Costs

Tuition Costs

Average Net Price

Other Student Expenses

Financial Aid by Income Level

Student Loan Default Rate

Admissions

Acceptance Rate

SAT Scores

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Endowment

Salary Expenditure

Instructional Salaries

Occupations by Share

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