Finlandia University

www.finlandia.edu

2022 Undergraduate Tuition

$25,436

6.09% growth from 2021

2022 Average Net Price

$20,539

After Financial Aid

2019 Default Rate

3.09%

on Student Loans

2022 Acceptance Rate

66.6%

1,385 Applicants

2022 Enrolled Students

450

89.1% Full-Time

2022 Graduation Rate

24.2%

24 Graduates

Costs

In 2022, the median undergraduate tuition at Finlandia University is $25,436.

After taking grants and loans into account, the average net price for students is $20,539.

In 2022, 94% of undergraduate students attending Finlandia University received financial aid through grants. Comparatively, 82% of undergraduate students received financial aid through loans.

Tuition Costs

$25,436

2022 Undergraduate Tuition

In 2022, the cost of tuition at Finlandia University was $25,436.

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

In 2022 Finlandia University had an average net price — the price paid after factoring in grants and loans — of $20,539. Between 2021 and 2022, the average net price of Finlandia University grew by 68.2%.

This chart compares the average net price of Finlandia 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

$7,693

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Finlandia University was of $7,693 in 2022. The cost of room and board increased by 1.52% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

94%

Undergraduates Receiving Financial Aid through Grants

82%

Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Finlandia University received financial aid through grants or loans in 2022. This represents a decline of 6% with respect to 2021, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Finlandia 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.

3.09%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Finlandia University was 3.09%, which represents 5 out of the 162 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

Finlandia University had a total enrollment of 450 students in 2022. The full-time enrollment at Finlandia University is 401 students and the part-time enrollment is 49. This means that 89.1% of students enrolled at Finlandia University are enrolled full-time.

The enrolled student population at Finlandia University, both undergraduate and graduate, is 60.4% White, 10% Hispanic or Latino, 8.89% Black or African American, 4.44% Two or More Races, 1.33% American Indian or Alaska Native, and 0.889% Asian.

Students enrolled at Finlandia University in full-time Undergraduate programs are most commonly White Male (30%), followed by White Female (26.7%) and Black or African American Male (10.6%).

Full-Time vs Part-Time Enrollment

89.1%

Full-Time Enrollment

The total enrollment at Finlandia University in 2022, both undergraduate and graduate, is 450 students. The full-time enrollment at Finlandia University is 401 and the part-time enrollment is 49. This means that 89.1% of students enrolled at Finlandia University are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

63%

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 Finlandia University was 63%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Finlandia University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
272 enrolled students
Hispanic or Latino
45 enrolled students
Black or African American
40 enrolled students

The enrolled student population at Finlandia University is 60.4% White, 10% Hispanic or Latino, 8.89% Black or African American, 4.44% Two or More Races, 1.33% American Indian or Alaska Native, and 0.889% Asian. 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.

Operations

Finlandia University has an endowment valued at nearly $5.97M, as of the end of the 2022 fiscal year. The return on its endowment was of 88.8k (1.49%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2022, Finlandia University had a total salary expenditure of 11.8M. Finlandia University employs 11 Assistant professors, 7 Associate professors and 3 Instructors. Most academics at Finlandia University are Male Assistant professor (6), Female Assistant professor (5), and Male Associate professor (4).

The most common positions for non-instructional staff at Finlandia University are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 22 employees, Service, with 20 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 16 employees.

Endowment

$5.97M

2022 Endowment

0.0000167%

growth from 2021

Finlandia University has an endowment valued at about $5.97M, as of the end of the 2022 fiscal year. The endowment of Finlandia University grew 0.0000167% from the previous year. The value of their endowment was $43.5M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Finlandia University (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

$4.5M

2022 Salaries

growth from 2021

In 2022, Finlandia University paid a median of $4.5M in salaries, which represents 38.1% of their overall expenditure ($11.8M) and a 0% growth from the previous year. This is compared to a 25.8% decline between 2020 and 2021, and a 1.37% growth between 2019 and 2020.

Instructional Salaries

$998k

Instructional Salaries

Number of Employees

In 2022, Finlandia University paid a total of $998k to 22 employees working as instructors, which represents 22.2% of all salaries paid.

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

Occupations by Share

In 2022, the most common positions for non-instructional staff at Finlandia University were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 22 employees, Service with 20 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 16 employees.

Finlandia University

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Finlandia University

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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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