Nichols College

www.nichols.edu

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2023 Undergraduate Tuition

$38,825

4.51% growth from 2022

2023 Average Net Price

$31,032

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

88.1%

2,117 Applicants

2023 Enrolled Students

1,354

83.1% Full-Time

2023 Graduation Rate

63.6%

238 Graduates

About

Nichols College is a higher education institution located in Worcester County, MA. In 2023, the most popular Masters Degree concentrations at Nichols College were General Business Administration & Management (69 degrees awarded), Accounting (26 degrees), and Terrorism & Counterterrorism Operations (20 degrees).

In 2023, 393 degrees were awarded across all undergraduate and graduate programs at Nichols College. 40.7% of these degrees were awarded to women, and 59.3% awarded men. The most common race/ethnicity group of degree recipients was white (302 degrees), 9.15 times more than then the next closest race/ethnicity group, hispanic or latino (33 degrees).

The median undergraduate tuition at Nichols College is $38,825, which is $23,661 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Nichols College was 0%, corresponding to 0 out of the 441 total borrowers.

Special Focus Four-Year: Business & Management Schools Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at Nichols College is $38,825, which is $23,661 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $31,032.

In 2023, 95% of undergraduate students attending Nichols College received financial aid through grants. Comparatively, 74% of undergraduate students received financial aid through loans.

Tuition Costs

$38,825

2023 Undergraduate Tuition

In 2023, the cost of tuition at Nichols College was $38,825. The cost of tuition at Nichols College is $23,661 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$31,032

2023 Value

14.1%

1 Year Growth

In 2023 Nichols College had an average net price — the price paid after factoring in grants and loans — of $31,032. Between 2022 and 2023, the average net price of Nichols College grew by 14.1%.

This chart compares the average net price of Nichols 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

$11,135

Room and Board

$1,400

Books and Supplies

The average yearly cost of room and board at Nichols College was of $11,135 in 2023. The cost of room and board increased by 6.3% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,400. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

74%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Nichols College received financial aid through grants or loans in 2023. This represents a growth of 2.15% with respect to 2022, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Nichols 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Nichols College was 0%, which represents 0 out of the 441 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

Nichols College received 2,117 undergraduate applications in 2023, which represents a 10.2% annual growth. Out of those 2,117 applicants, 1,866 students were accepted for enrollment, representing a 88.1% acceptance rate.

There were 1,354 students enrolled at Nichols College in 2023. 18% of first-time enrollees submitted SAT scores with their applications.

Nichols College has an overall enrollment yield of 17.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

88.1%

Acceptance Rate in 2023

1,866

Accepted Out of 2,117

In 2023, the undergraduate acceptance rate of Nichols College was 88.1% (1,866 admissions from 2,117 applications). This is higher than the acceptance rate of 2022, which was 84.9%. Between 2022 and 2023, the number of applicants declined by 10.2%, while admissions declined by 6.75%.

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

SAT Scores

18%

Submission Percentage (2023)

Scores Submitted (2023)

18% of enrolled first-time students at Nichols College in 2023 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

Nichols College had a total enrollment of 1,354 students in 2023. The full-time enrollment at Nichols College is 1,125 students and the part-time enrollment is 229. This means that 83.1% of students enrolled at Nichols College are enrolled full-time.

The enrolled student population at Nichols College, both undergraduate and graduate, is 72.7% White, 9.97% Hispanic or Latino, 8.42% Black or African American, 3.47% Two or More Races, 1.4% Asian, and 0.148% American Indian or Alaska Native.

Students enrolled at Nichols College in full-time Undergraduate programs are most commonly White Male (47.5%), followed by White Female (24.1%) and Black or African American Male (8.1%). Students enrolled in full-time Graduate programs are most commonly White Female (39.4%), followed by White Male (37.2%) and Black or African American Male (5.11%).

Full-Time vs Part-Time Enrollment

83.1%

Full-Time Enrollment

The total enrollment at Nichols College in 2023, both undergraduate and graduate, is 1,354 students. The full-time enrollment at Nichols College is 1,125 and the part-time enrollment is 229. This means that 83.1% of students enrolled at Nichols College are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

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

Retention Rate over Time

72%

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 Nichols College was 72%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Nichols College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
984 enrolled students
Hispanic or Latino
135 enrolled students
Black or African American
114 enrolled students

The enrolled student population at Nichols College is 72.7% White, 9.97% Hispanic or Latino, 8.42% Black or African American, 3.47% Two or More Races, 1.4% Asian, and 0.148% 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 Special Focus Institutions is 41.6% White, 19.6% Hispanic or Latino, and 14.5% 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, 18 students (1.33%) did not report their race.

Graduates

In 2023, 73 fewer women than men received degrees from Nichols College. The most common race/ethnicity group of degree recipients at Nichols College is white (302 degrees awarded). There were 9.15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (33 degrees).

The most common Masters Degree concentration at Nichols College is General Business Administration & Management (69 degrees awarded), followed by Accounting (26 degrees) and Terrorism & Counterterrorism Operations (20 degrees).

In 2023, the most specialized majors across all degree types at Nichols College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (47 degrees awarded), Protective Services (50 degrees), and Business (266 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Nichols College are Accountants & auditors (1,047,096 people), Other managers (887,542 people), Financial managers (550,876 people), Chief executives & legislators (447,680 people), and Elementary & middle school teachers (360,118 people).

The most specialized majors at Nichols College in 2023 are Parks, Recreation, & Leisure (47 degrees awarded), Protective Services (50 degrees), Business (266 degrees), Psychology (26 degrees), and History (1 degrees) (as of 2023).

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 Nichols College are Diagnostic medical sonographers, Surgeons, Physicians, Magnetic resonance imaging technologists, and Photographic process workers & processing machine operators

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (47 degrees awarded), Protective Services (50 degrees), Business (266 degrees), Psychology (26 degrees), and History (1 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 Nichols College are Elementary & secondary schools (1,034,550 people), Colleges, universities & professional schools, including junior colleges (600,679 people), Computer Systems Design (593,530 people), Justice, public order, & safety activities (575,087 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (561,234 people).

Majors Awarded

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

Most Common (2023)

General Business
48 degrees awarded
Sport & Fitness Management
47 degrees awarded
Criminal Justice - Safety Studies
27 degrees awarded

In 2023, the most common bachelors degree concentration at Nichols College was General Business with 48 degrees awarded.

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

Sex Breakdown for Common Majors

233

Degrees Awarded to Men

in 2023

160

Degrees Awarded to Women

in 2023

In 2023, 233 degrees were awarded to men at Nichols College, which is 1.46 times more than the number of degrees awarded to females (160).

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

Most Common Male Majors

In 2023, 55 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 1.77 times more than the 31 female recipients with that same degree.

Most Common Female Majors

In 2023, 31 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 0.564 times less than the 55 male recipients with that same degree.

Time to Complete

56%

100% Completion Time

58%

150% Completion Time

In 2023, 56% of students graduating from Nichols College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 58% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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 Nichols College is Female and Two or More Races (100% graduation rate). Across all Special Focus Institutions, 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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
302 degrees awarded
Hispanic or Latino
33 degrees awarded
Black or African American
21 degrees awarded

The most common race/ethnicity at Nichols College is white (302 degrees awarded). There were 9.15 times more white recipients than the next closest race/ethnicity group, hispanic or latino (33 degrees).

0.763% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
176 degrees awarded
White Female
126 degrees awarded
Black or African American Male
19 degrees awarded

The most common race/ethnicity and sex grouping at Nichols College is white male (176 degrees awarded). There were 1.4 times more white male recipients than the next closest race/ethnicity group, white female (126 degrees).

Operations

Nichols College has an endowment valued at nearly $30.2M, as of the end of the 2023 fiscal year. The return on its endowment was of 3.8M (12.6%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Nichols College had a total salary expenditure of 42.9M. Nichols College employs 23 Assistant professors, 20 Associate professors and 6 Professors. Most academics at Nichols College are Male Assistant professor (13), Male Associate professor (11), and Female Assistant professor (10).

The most common positions for non-instructional staff at Nichols College are: Management, with 54 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 30 employees, and Office and Administrative Support with 14 employees.

Endowment

$30.2M

2023 Endowment

10.6%

growth from 2022

Nichols College has an endowment valued at about $30.2M, as of the end of the 2023 fiscal year. The endowment of Nichols College grew 10.6% from the previous year. The value of their endowment was $17.8M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Business & Management Schools Carnegie Classification grouping.

Salary Expenditure

$15.2M

2023 Salaries

4.11%

growth from 2022

In 2023, Nichols College paid a median of $15.2M in salaries, which represents 35.4% of their overall expenditure ($42.9M) and a 4.11% growth from the previous year. This is compared to a 3.43% growth between 2021 and 2022, and a 2.22% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$4.55M

Instructional Salaries

Number of Employees

In 2023, Nichols College paid a total of $4.55M to 49 employees working as instructors, which represents 30% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

Assistant professor

Most Common Instructor

23 Employees

Management

Most Common Non-Instructional Employee

54 Employees

In 2023, the most common positions for instructional staff at Nichols College were Assistant professor with 23 employees, Associate professor with 20 employees, and Professor with 6 employees.

In 2023, the most common positions for non-instructional staff at Nichols College were Management with 54 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 30 employees, and Office and Administrative Support with 14 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Male Associate professor
Female Assistant professor

In 2023, the most common demographic for instructional staff at Nichols College was Male Assistant professor with 13 employees, Male Associate professor with 11 employees, and Female Assistant professor with 10 employees.

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

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