Mineral Area College

https://mineralarea.edu

2024 Undergraduate Tuition

$4,680

6.85% growth from 2023

2024 Average Net Price

$11,591

After Financial Aid

2023 Default Rate

1.52%

on Student Loans

2024 Enrolled Students

2,447

60.7% Full-Time

2024 Graduation Rate

49.1%

243 Graduates

Costs

In 2024, the median undergraduate tuition at Mineral Area College is $4,680, which is $3,480 less than the national average for Associates Colleges ($8,160).

After taking grants and loans into account, the average net price for students is $11,591.

In 2024, 72% of undergraduate students attending Mineral Area College received financial aid through grants. Comparatively, 10% of undergraduate students received financial aid through loans.

Tuition Costs

$4,680

2024 Undergraduate Tuition

In 2024, the cost of tuition at Mineral Area College was $4,680. The cost of tuition at Mineral Area College is $−3,480 less than than the overall (public and private) national average for Associates Colleges ($8,160).

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

Average Net Price

$11,591

2024 Value

5.77%

1 Year Growth

In 2024 Mineral Area College had an average net price — the price paid after factoring in grants and loans — of $11,591. Between 2023 and 2024, the average net price of Mineral Area College grew by 5.77%.

This chart compares the average net price of Mineral Area 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

$7,547

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Mineral Area College was of $7,547 in 2024. The cost of room and board increased by 8.64% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies decreased by 50% during the same period.

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

Financial Aid by Income Level

72%

Undergraduates Receiving Financial Aid through Grants

10%

Undergraduates Receiving Financial Aid through Loans

72% of undergraduate students at Mineral Area College received financial aid through grants or loans in 2024. This represents a growth of 4.35% with respect to 2023, when 69% of undergraduate students received financial aid.

This chart compares the average award discount at Mineral Area 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.

1.52%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Mineral Area College was 1.52%, which represents 3 out of the 198 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

Mineral Area College had a total enrollment of 2,447 students in 2024. The full-time enrollment at Mineral Area College is 1,485 students and the part-time enrollment is 962. This means that 60.7% of students enrolled at Mineral Area College are enrolled full-time.

The enrolled student population at Mineral Area College, both undergraduate and graduate, is 83.7% White, 2.82% Hispanic or Latino, 2.7% Black or African American, 2.25% Two or More Races, 0.409% Asian, 0.327% American Indian or Alaska Native, and 0.0817% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Mineral Area College in full-time Undergraduate programs are most commonly White Female (52.3%), followed by White Male (30.5%) and Hispanic or Latino Female (2.1%).

Full-Time vs Part-Time Enrollment

60.7%

Full-Time Enrollment

The total enrollment at Mineral Area College in 2024, both undergraduate and graduate, is 2,447 students. The full-time enrollment at Mineral Area College is 1,485 and the part-time enrollment is 962. This means that 60.7% of students enrolled at Mineral Area College are enrolled full-time compared with 31.9% at similar Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Mineral Area 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 Mineral Area College was 65%. Compared with the full-time retention rate at similar Associates Colleges (64%), Mineral Area College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
2,048 enrolled students
Hispanic or Latino
69 enrolled students
Black or African American
66 enrolled students

The enrolled student population at Mineral Area College is 83.7% White, 2.82% Hispanic or Latino, 2.7% Black or African American, 2.25% Two or More Races, 0.409% Asian, 0.327% American Indian or Alaska Native, and 0.0817% 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 Associates Colleges is 41.3% White, 28.4% 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, 131 students (5.35%) did not report their race.

Operations

Mineral Area College has an endowment valued at nearly $7.16M, as of the end of the 2024 fiscal year. The return on its endowment was of 1.31M (18.3%) compared to the 12.8% average return (818k on 6.41M) across all Associates Colleges.

In 2024, Mineral Area College had a total salary expenditure of 31.5M. Mineral Area College employs 25 Instructors, 10 Assistant professors and 7 Professors. Most academics at Mineral Area College are Male Instructor (14), Female Instructor (11), and Female Assistant professor (8).

The most common positions for non-instructional staff at Mineral Area College are: Office and Administrative Support, with 31 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 31 employees, and Management with 29 employees.

Endowment

$7.16M

2024 Endowment

6.74%

growth from 2023

Mineral Area College has an endowment valued at about $7.16M, as of the end of the 2024 fiscal year. The endowment of Mineral Area College grew 6.74% from the previous year. The value of their endowment was $745k higher than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: High Transfer-High Traditional Carnegie Classification grouping.

Salary Expenditure

$10.7M

2024 Salaries

9.24%

growth from 2023

In 2024, Mineral Area College paid a median of $10.7M in salaries, which represents 34% of their overall expenditure ($31.5M) and a 9.24% growth from the previous year. This is compared to a 12.7% growth between 2022 and 2023, and a 3.32% decline between 2021 and 2022.

Instructional Salaries

$2.89M

Instructional Salaries

Number of Employees

In 2024, Mineral Area College paid a total of $2.89M to 48 employees working as instructors, which represents 27% of all salaries paid.

This is compared to a median of $720k (4.04%) for similar Associates Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Mineral Area College were Office and Administrative Support with 31 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 31 employees, and Management with 29 employees.

Mineral Area College

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Mineral Area College

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About

Costs

Tuition Costs

Average Net Price

Other Student Expenses

Financial Aid by Income Level

Student Loan Default Rate

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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