Merrimack College (166850)

www.merrimack.edu

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2023 Undergraduate Tuition

$47,636

3.97% growth from 2022

2023 Average Net Price

$38,849

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

73.6%

13,693 Applicants

2023 Enrolled Students

5,688

88.6% Full-Time

2023 Graduation Rate

72.1%

616 Graduates

About

Merrimack College (166850) is a higher education institution located in Essex County, MA. In 2023, the most popular Bachelors Degree concentrations at Merrimack College (166850) were General Human Development & Family Studies (93 degrees awarded), General Marketing & Marketing Management (79 degrees), and Other Corrections & Criminal Justice (71 degrees).

In 2023, 1,775 degrees were awarded across all undergraduate and graduate programs at Merrimack College (166850). 64.3% of these degrees were awarded to women, and 35.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,405 degrees), 10.8 times more than then the next closest race/ethnicity group, hispanic or latino (130 degrees).

The median undergraduate tuition at Merrimack College (166850) is $47,636, which is $23,061 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Merrimack College (166850) was 0%, corresponding to 0 out of the 1,046 total borrowers.

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Merrimack College (166850) is $47,636, which is $23,061 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $38,849.

In 2023, 94% of undergraduate students attending Merrimack College (166850) received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$47,636

2023 Undergraduate Tuition

In 2023, the cost of tuition at Merrimack College (166850) was $47,636. The cost of tuition at Merrimack College (166850) is $23,061 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Merrimack College (166850) (in red) with those of other similar universities.

Average Net Price

$38,849

2023 Value

4.16%

1 Year Growth

In 2023 Merrimack College (166850) had an average net price — the price paid after factoring in grants and loans — of $38,849. Between 2022 and 2023, the average net price of Merrimack College (166850) grew by 4.16%.

This chart compares the average net price of Merrimack College (166850) (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

$18,295

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Merrimack College (166850) was of $18,295 in 2023. The cost of room and board increased by 9.83% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Merrimack College (166850) (in red) with that of similar universities.

Financial Aid by Income Level

94%

Undergraduates Receiving Financial Aid through Grants

61%

Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Merrimack College (166850) received financial aid through grants or loans in 2023. This represents a decline of 1.05% with respect to 2022, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Merrimack College (166850) (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 Merrimack College (166850) was 0%, which represents 0 out of the 1046 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

Merrimack College (166850) received 13,693 undergraduate applications in 2023, which represents a 3.93% annual growth. Out of those 13,693 applicants, 10,079 students were accepted for enrollment, representing a 73.6% acceptance rate.

There were 5,688 students enrolled at Merrimack College (166850) in 2023.

Merrimack College (166850) has an overall enrollment yield of 10.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

73.6%

Acceptance Rate in 2023

10,079

Accepted Out of 13,693

In 2023, the undergraduate acceptance rate of Merrimack College (166850) was 73.6% (10,079 admissions from 13,693 applications). This is lower than the acceptance rate of 2022, which was 74.6%. Between 2022 and 2023, the number of applicants grew by 3.93%, while admissions grew by 2.5%.

This chart compares the acceptance rate of Merrimack College (166850) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

N/A% of enrolled first-time students at Merrimack College (166850) in false 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

Merrimack College (166850) had a total enrollment of 5,688 students in 2023. The full-time enrollment at Merrimack College (166850) is 5,038 students and the part-time enrollment is 650. This means that 88.6% of students enrolled at Merrimack College (166850) are enrolled full-time.

The enrolled student population at Merrimack College (166850), both undergraduate and graduate, is 74.2% White, 9.34% Hispanic or Latino, 4.2% Black or African American, 2.53% Two or More Races, 2.13% Asian, 0.141% American Indian or Alaska Native, and 0.0703% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Merrimack College (166850) in full-time Undergraduate programs are most commonly White Female (42.2%), followed by White Male (35.8%) and Hispanic or Latino Female (5.37%). Students enrolled in full-time Graduate programs are most commonly White Female (53%), followed by White Male (22.1%) and Hispanic or Latino Female (5.8%).

Full-Time vs Part-Time Enrollment

88.6%

Full-Time Enrollment

The total enrollment at Merrimack College (166850) in 2023, both undergraduate and graduate, is 5,688 students. The full-time enrollment at Merrimack College (166850) is 5,038 and the part-time enrollment is 650. This means that 88.6% of students enrolled at Merrimack College (166850) are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Merrimack College (166850) (in red) compares to similar universities.

Retention Rate over Time

84%

2023 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 Merrimack College (166850) was 84%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Merrimack College (166850) had a retention rate higher than its peers.

This chart shows the retention rate over time at Merrimack College (166850) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
4,221 enrolled students
Hispanic or Latino
531 enrolled students
Black or African American
239 enrolled students

The enrolled student population at Merrimack College (166850) is 74.2% White, 9.34% Hispanic or Latino, 4.2% Black or African American, 2.53% Two or More Races, 2.13% Asian, 0.141% American Indian or Alaska Native, and 0.0703% 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 Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% 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, 307 students (5.4%) did not report their race.

Graduates

In 2023, 507 more women than men received degrees from Merrimack College (166850). The most common race/ethnicity group of degree recipients at Merrimack College (166850) is white (1,405 degrees awarded). There were 10.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (130 degrees).

The most common Bachelor's Degree concentration at Merrimack College (166850) is General Human Development & Family Studies (93 degrees awarded), followed by General Marketing & Marketing Management (79 degrees) and Other Corrections & Criminal Justice (71 degrees).

In 2023, the most specialized majors across all degree types at Merrimack College (166850), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Human Sciences (110 degrees awarded), Parks, Recreation, & Leisure (113 degrees), and Education (406 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 Merrimack College (166850) are Elementary & middle school teachers (1,575,877 people), Secondary school teachers (519,614 people), Education administrators (303,703 people), Other managers (270,301 people), and Special education teachers (215,630 people).

The most specialized majors at Merrimack College (166850) in 2023 are Human Sciences (110 degrees awarded), Parks, Recreation, & Leisure (113 degrees), Education (406 degrees), Protective Services (114 degrees), and Communications (87 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Merrimack College (166850) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Merrimack College (166850) are Human Sciences (110 degrees awarded), Parks, Recreation, & Leisure (113 degrees), Education (406 degrees), Protective Services (114 degrees), and Communications (87 degrees) (as of 2023).

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 Merrimack College (166850) are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Merrimack College (166850).

Most Common (2023)

General Human Development & Family Studies
93 degrees awarded
General Marketing & Marketing Management
79 degrees awarded
Other Corrections & Criminal Justice
71 degrees awarded

In 2023, the most common bachelors degree concentration at Merrimack College (166850) was General Human Development & Family Studies with 93 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Merrimack College (166850) according to their major.

Sex Breakdown for Common Majors

634

Degrees Awarded to Men

in 2023

1,141

Degrees Awarded to Women

in 2023

In 2023, 634 degrees were awarded to men at Merrimack College (166850), which is 0.556 times less than the number of degrees awarded to females (1,141).

This chart displays the sex disparity between the top 5 majors at Merrimack College (166850) by degrees awarded.

Most Common Male Majors

In 2023, 60 degrees were awarded to men at Merrimack College (166850) in General Business Administration & Management, which is 1.94 times more than the 31 female recipients with that same degree.

Most Common Female Majors

In 2023, 82 degrees were awarded to men at Merrimack College (166850) in General Human Development & Family Studies, which is 7.45 times more than the 11 male recipients with that same degree.

Time to Complete

64%

100% Completion Time

69%

150% Completion Time

In 2023, 64% of students graduating from Merrimack College (166850) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 69% 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 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Merrimack College (166850) is Female and Two or More Races (100% graduation rate). Across all Masters Colleges and Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 5.52% of graduates (34 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,405 degrees awarded
Hispanic or Latino
130 degrees awarded
Black or African American
63 degrees awarded

The most common race/ethnicity at Merrimack College (166850) is white (1,405 degrees awarded). There were 10.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (130 degrees).

3.49% of degree recipients (62 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
920 degrees awarded
White Male
485 degrees awarded
Hispanic or Latino Female
90 degrees awarded

The most common race/ethnicity and sex grouping at Merrimack College (166850) is white female (920 degrees awarded). There were 1.9 times more white female recipients than the next closest race/ethnicity group, white male (485 degrees).

Operations

Merrimack College (166850) has an endowment valued at nearly $76.3M, as of the end of the 2023 fiscal year. The return on its endowment was of 7.32M (9.6%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Merrimack College (166850) had a total salary expenditure of 167M. Merrimack College (166850) employs 79 Associate professors, 74 Assistant professors and 32 Professors. Most academics at Merrimack College (166850) are Female Assistant professor (48), Female Associate professor (41), and Male Associate professor (38).

The most common positions for non-instructional staff at Merrimack College (166850) are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 123 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 99 employees, and Management with 47 employees.

Endowment

$76.3M

2023 Endowment

16%

growth from 2022

Merrimack College (166850) has an endowment valued at about $76.3M, as of the end of the 2023 fiscal year. The endowment of Merrimack College (166850) grew 16% from the previous year. The value of their endowment was $26.5M 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 Merrimack College (166850) (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: Medium Programs Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$2.07M - Federal
$1.41M - State
$86.8k - Local

As of 2023, Merrimack College (166850) received $2.07M in grants and contracts from the federal government, $1.41M from state grants and contracts, and $86.8k from local grants and contracts.

Salary Expenditure

$61.8M

2023 Salaries

6.56%

growth from 2022

In 2023, Merrimack College (166850) paid a median of $61.8M in salaries, which represents 37% of their overall expenditure ($167M) and a 6.56% growth from the previous year. This is compared to a 5.87% growth between 2021 and 2022, and a 1.73% decline between 2020 and 2021.

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

Instructional Salaries

$19.8M

Instructional Salaries

196

Number of Employees

In 2023, Merrimack College (166850) paid a total of $19.8M to 196 employees working as instructors, which represents 32.1% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

79 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

123 Employees

In 2023, the most common positions for instructional staff at Merrimack College (166850) were Associate professor with 79 employees, Assistant professor with 74 employees, and Professor with 32 employees.

In 2023, the most common positions for non-instructional staff at Merrimack College (166850) were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 123 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 99 employees, and Management with 47 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Female Associate professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Merrimack College (166850) was Female Assistant professor with 48 employees, Female Associate professor with 41 employees, and Male Associate professor with 38 employees.

This chart shows the sex split between each academic rank present at Merrimack College (166850).

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