Olivet College

https://www.olivetcollege.edu

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2022 Undergraduate Tuition

$31,664

5.43% growth from 2021

2022 Average Net Price

$21,394

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

84.6%

1,439 Applicants

2022 Enrolled Students

919

91.5% Full-Time

2022 Graduation Rate

44.1%

152 Graduates

About

Olivet College is a higher education institution located in Eaton County, MI.

In 2022, 220 degrees were awarded across all undergraduate and graduate programs at Olivet College. 48.6% of these degrees were awarded to women, and 51.4% awarded men. The most common race/ethnicity group of degree recipients was white (165 degrees), 5.16 times more than then the next closest race/ethnicity group, black or african american (32 degrees).

The median undergraduate tuition at Olivet College is $31,664, which is $3,334 more than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at Olivet College was 0%, corresponding to 0 out of the 370 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Olivet College is $31,664, which is $3,334 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $21,394.

In 2022, 96% of undergraduate students attending Olivet College received financial aid through grants. Comparatively, 78% of undergraduate students received financial aid through loans.

Tuition Costs

$31,664

2022 Undergraduate Tuition

In 2022, the cost of tuition at Olivet College was $31,664. The cost of tuition at Olivet College is $3,334 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$21,394

2022 Value

10%

1 Year Growth

In 2022 Olivet College had an average net price — the price paid after factoring in grants and loans — of $21,394. Between 2021 and 2022, the average net price of Olivet College grew by 10%.

This chart compares the average net price of Olivet 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

$10,669

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Olivet College was of $10,669 in 2022. The cost of room and board increased by 1.61% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

96%

Undergraduates Receiving Financial Aid through Grants

78%

Undergraduates Receiving Financial Aid through Loans

96% of undergraduate students at Olivet College received financial aid through grants or loans in 2022. This represents a decline of 3.03% with respect to 2021, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Olivet 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 Olivet College was 0%, which represents 0 out of the 370 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 College received 1,439 undergraduate applications in 2022, which represents a 19.9% annual growth. Out of those 1,439 applicants, 1,218 students were accepted for enrollment, representing a 84.6% acceptance rate.

There were 919 students enrolled at Olivet College in 2022. 30% of first-time enrollees submitted SAT scores with their applications.

Olivet College has an overall enrollment yield of 22.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

84.6%

Acceptance Rate in 2022

1,218

Accepted Out of 1,439

In 2022, the undergraduate acceptance rate of Olivet College was 84.6% (1,218 admissions from 1,439 applications). This is lower than the acceptance rate of 2021, which was 88.5%. Between 2021 and 2022, the number of applicants grew by 19.9%, while admissions grew by 14.7%.

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

SAT Scores

30%

Submission Percentage (2021)

Scores Submitted (2021)

30% of enrolled first-time students at Olivet College in 2021 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 College had a total enrollment of 919 students in 2022. The full-time enrollment at Olivet College is 841 students and the part-time enrollment is 78. This means that 91.5% of students enrolled at Olivet College are enrolled full-time.

The enrolled student population at Olivet College, both undergraduate and graduate, is 67.7% White, 17.5% Black or African American, 6.86% Hispanic or Latino, 6.09% Two or More Races, 0.762% Asian, and 0.109% American Indian or Alaska Native.

Students enrolled at Olivet College in full-time Undergraduate programs are most commonly White Male (37.7%), followed by White Female (28.8%) and Black or African American Male (15%).

Full-Time vs Part-Time Enrollment

91.5%

Full-Time Enrollment

The total enrollment at Olivet College in 2022, both undergraduate and graduate, is 919 students. The full-time enrollment at Olivet College is 841 and the part-time enrollment is 78. This means that 91.5% of students enrolled at Olivet 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 Olivet College (in red) compares to similar universities.

Retention Rate over Time

65%

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 College was 65%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Olivet College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
622 enrolled students
Black or African American
161 enrolled students
Hispanic or Latino
63 enrolled students

The enrolled student population at Olivet College is 67.7% White, 17.5% Black or African American, 6.86% Hispanic or Latino, 6.09% Two or More Races, 0.762% Asian, and 0.109% 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, 7 students (0.762%) did not report their race.

Graduates

In 2022, 6 fewer women than men received degrees from Olivet College. The most common race/ethnicity group of degree recipients at Olivet College is white (165 degrees awarded). There were 5.16 times more white recipients than the next closest race/ethnicity group, black or african american (32 degrees).

Majors Awarded

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

Most Common (2022)

General Business Administration & Management
22 degrees awarded
Criminal Justice - Safety Studies
21 degrees awarded
Insurance
18 degrees awarded

In 2022, the most common bachelors degree concentration at Olivet College was General Business Administration & Management with 22 degrees awarded.

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

Sex Breakdown for Common Majors

113

Degrees Awarded to Men

in 2022

107

Degrees Awarded to Women

in 2022

In 2022, 113 degrees were awarded to men at Olivet College, which is 1.06 times more than the number of degrees awarded to females (107).

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

Most Common Male Majors

In 2022, 19 degrees were awarded to men at Olivet College in General Business Administration & Management, which is 1.27 times more than the 15 female recipients with that same degree.

Most Common Female Majors

In 2022, 15 degrees were awarded to men at Olivet College in General Business Administration & Management, which is 0.789 times less than the 19 male recipients with that same degree.

Time to Complete

43%

100% Completion Time

49%

150% Completion Time

In 2022, 43% of students graduating from Olivet College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 49% completed their degrees within 150% of the normal time, and 49% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (65.6%)

The student demographic with the highest graduation rate in 2022 at Olivet College is Female and White (65.6% 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, 3.29% of graduates (5 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
165 degrees awarded
Black or African American
32 degrees awarded
Hispanic or Latino
8 degrees awarded

The most common race/ethnicity at Olivet College is white (165 degrees awarded). There were 5.16 times more white recipients than the next closest race/ethnicity group, black or african american (32 degrees).

1.36% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
90 degrees awarded
White Female
75 degrees awarded
Black or African American Male
18 degrees awarded

The most common race/ethnicity and sex grouping at Olivet College is white male (90 degrees awarded). There were 1.2 times more white male recipients than the next closest race/ethnicity group, white female (75 degrees).

Operations

Olivet College has an endowment valued at nearly $21.9M, as of the end of the 2022 fiscal year. The return on its endowment was of −3.57M (−16.3%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Olivet College had a total salary expenditure of 25.2M. Olivet College employs 17 Associate professors, 16 Assistant professors and 15 Professors. Most academics at Olivet College are Male Associate professor (10), Female Assistant professor (9), and Female Professor (8).

The most common positions for non-instructional staff at Olivet College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 45 employees, Management, with 30 employees, and Service with 20 employees.

Endowment

$21.9M

2022 Endowment

16.5%

decline from 2021

Olivet College has an endowment valued at about $21.9M, as of the end of the 2022 fiscal year. The endowment of Olivet College declined 16.5% from the previous year. The value of their endowment was $27.3M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Olivet 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

$10.4M

2022 Salaries

2.07%

growth from 2021

In 2022, Olivet College paid a median of $10.4M in salaries, which represents 41.2% of their overall expenditure ($25.2M) and a 2.07% growth from the previous year. This is compared to a 0.833% growth between 2020 and 2021, and a 4.17% decline between 2019 and 2020.

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

Occupations by Share

Associate professor

Most Common Instructor

17 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

45 Employees

In 2022, the most common positions for instructional staff at Olivet College were Associate professor with 17 employees, Assistant professor with 16 employees, and Professor with 15 employees.

In 2022, the most common positions for non-instructional staff at Olivet College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 45 employees, Management with 30 employees, and Service with 20 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Associate professor
Female Assistant professor
Female Professor

In 2022, the most common demographic for instructional staff at Olivet College was Male Associate professor with 10 employees, Female Assistant professor with 9 employees, and Female Professor with 8 employees.

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

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