Wells College

www.wells.edu

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2023 Undergraduate Tuition

$33,666

4.03% growth from 2022

2023 Average Net Price

$23,956

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

69.6%

1,532 Applicants

2023 Enrolled Students

357

98.9% Full-Time

2023 Graduation Rate

40.9%

56 Graduates

About

Wells College is a higher education institution located in Cayuga County, NY. In 2023, the most popular Bachelors Degree concentrations at Wells College were General Psychology (14 degrees awarded), General Biological Sciences (8 degrees), and General Business Administration & Management (6 degrees).

In 2023, 65 degrees were awarded across all undergraduate and graduate programs at Wells College. 72.3% of these degrees were awarded to women, and 27.7% awarded men. The most common race/ethnicity group of degree recipients was white (41 degrees), 4.1 times more than then the next closest race/ethnicity group, hispanic or latino (10 degrees).

The median undergraduate tuition at Wells College is $33,666, which is $4,386 more than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Wells College was 0%, corresponding to 0 out of the 178 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Wells College is $33,666, which is $4,386 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $23,956.

In 2023, 97% of undergraduate students attending Wells College received financial aid through grants. Comparatively, 81% of undergraduate students received financial aid through loans.

Tuition Costs

$33,666

2023 Undergraduate Tuition

In 2023, the cost of tuition at Wells College was $33,666. The cost of tuition at Wells College is $4,386 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$23,956

2023 Value

16.3%

1 Year Growth

In 2023 Wells College had an average net price — the price paid after factoring in grants and loans — of $23,956. Between 2022 and 2023, the average net price of Wells College grew by 16.3%.

This chart compares the average net price of Wells 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

$14,800

Room and Board

$1,050

Books and Supplies

The average yearly cost of room and board at Wells College was of $14,800 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,050. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

81%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Wells College received financial aid through grants or loans in 2023. This represents a decline of 2.02% with respect to 2022, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Wells 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 Wells College was 0%, which represents 0 out of the 178 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

Wells College received 1,532 undergraduate applications in 2023, which represents a 0.13% annual growth. Out of those 1,532 applicants, 1,067 students were accepted for enrollment, representing a 69.6% acceptance rate.

There were 357 students enrolled at Wells College in 2023.

Wells College has an overall enrollment yield of 12.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.6%

Acceptance Rate in 2023

1,067

Accepted Out of 1,532

In 2023, the undergraduate acceptance rate of Wells College was 69.6% (1,067 admissions from 1,532 applications). This is lower than the acceptance rate of 2022, which was 87.7%. Between 2022 and 2023, the number of applicants declined by 0.13%, while admissions declined by 20.7%.

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

SAT Scores

0% of enrolled first-time students at Wells College in 2020 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

Wells College had a total enrollment of 357 students in 2023. The full-time enrollment at Wells College is 353 students and the part-time enrollment is 4. This means that 98.9% of students enrolled at Wells College are enrolled full-time.

The enrolled student population at Wells College, both undergraduate and graduate, is 58.5% White, 14.6% Black or African American, 12% Hispanic or Latino, 3.92% Two or More Races, 2.8% Asian, and 0.56% American Indian or Alaska Native.

Students enrolled at Wells College in full-time Undergraduate programs are most commonly White Female (34.2%), followed by White Male (18.2%) and Hispanic or Latino Female (6.68%).

Full-Time vs Part-Time Enrollment

98.9%

Full-Time Enrollment

The total enrollment at Wells College in 2023, both undergraduate and graduate, is 357 students. The full-time enrollment at Wells College is 353 and the part-time enrollment is 4. This means that 98.9% of students enrolled at Wells College are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

Retention Rate over Time

50%

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 Wells College was 50%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Wells College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
209 enrolled students
Black or African American
52 enrolled students
Hispanic or Latino
43 enrolled students

The enrolled student population at Wells College is 58.5% White, 14.6% Black or African American, 12% Hispanic or Latino, 3.92% Two or More Races, 2.8% Asian, and 0.56% 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 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 23 students (6.44%) did not report their race.

Graduates

In 2023, 29 more women than men received degrees from Wells College. The most common race/ethnicity group of degree recipients at Wells College is white (41 degrees awarded). There were 4.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (10 degrees).

The most common Bachelor's Degree concentration at Wells College is General Psychology (14 degrees awarded), followed by General Biological Sciences (8 degrees) and General Business Administration & Management (6 degrees).

In 2023, the most specialized majors across all degree types at Wells College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Cultural & Gender Studies (2 degrees awarded), Natural Resources & Conservation (4 degrees), and English (6 degrees).

Common Jobs by Major

Physicians

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Wells College are Physicians (446,659 people), Other managers (282,725 people), Elementary & middle school teachers (259,368 people), Postsecondary teachers (241,273 people), and Lawyers, & judges, magistrates, & other judicial workers (169,376 people).

The most specialized majors at Wells College in 2023 are Cultural & Gender Studies (2 degrees awarded), Natural Resources & Conservation (4 degrees), English (6 degrees), Psychology (14 degrees), and Biology (9 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 Wells College are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Wells College are Cultural & Gender Studies (2 degrees awarded), Natural Resources & Conservation (4 degrees), English (6 degrees), Psychology (14 degrees), and Biology (9 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 Wells College are Elementary & secondary schools (813,877 people), Colleges, universities & professional schools, including junior colleges (714,142 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (607,598 people), Legal services (403,236 people), and Computer Systems Design (353,455 people).

Majors Awarded

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

Most Common (2023)

General Psychology
14 degrees awarded
General Biological Sciences
8 degrees awarded
General Business Administration & Management
6 degrees awarded

In 2023, the most common bachelors degree concentration at Wells College was General Psychology with 14 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 18 degrees were awarded to men at Wells College, which is 0.383 times less than the number of degrees awarded to females (47).

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

Most Common Male Majors

In 2023, 4 degrees were awarded to men at Wells College in General Business Administration & Management, which is 2 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2023, 11 degrees were awarded to men at Wells College in General Psychology, which is 3.67 times more than the 3 male recipients with that same degree.

Time to Complete

51%

100% Completion Time

55%

150% Completion Time

In 2023, 51% of students graduating from Wells College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 55% completed their degrees within 150% of the normal time, and 55% 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 (54.5%)

The student demographic with the highest graduation rate in 2023 at Wells College is Female and White (54.5% graduation rate). Across all Baccalaureate Colleges, 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
41 degrees awarded
Hispanic or Latino
10 degrees awarded
Two or More Races
5 degrees awarded

The most common race/ethnicity at Wells College is white (41 degrees awarded). There were 4.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (10 degrees).

4.62% of degree recipients (3 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
28 degrees awarded
White Male
13 degrees awarded
Hispanic or Latino Female
10 degrees awarded

The most common race/ethnicity and sex grouping at Wells College is white female (28 degrees awarded). There were 2.15 times more white female recipients than the next closest race/ethnicity group, white male (13 degrees).

Operations

Wells College has an endowment valued at nearly $28.7M, as of the end of the 2023 fiscal year. The return on its endowment was of 329k (1.15%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Wells College had a total salary expenditure of 25.6M. Wells College employs 17 Professors, 17 Assistant professors and 4 Associate professors. Most academics at Wells College are Male Professor (11), Female Assistant professor (11), and Male Assistant professor (6).

The most common positions for non-instructional staff at Wells College are: Service, with 26 employees, Management, with 26 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Endowment

$28.7M

2023 Endowment

0.25%

decline from 2022

Wells College has an endowment valued at about $28.7M, as of the end of the 2023 fiscal year. The endowment of Wells College declined 0.25% from the previous year. The value of their endowment was $22.7M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Wells 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: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$9.98M

2023 Salaries

16.6%

growth from 2022

In 2023, Wells College paid a median of $9.98M in salaries, which represents 38.9% of their overall expenditure ($25.6M) and a 16.6% growth from the previous year. This is compared to a 6.3% growth between 2021 and 2022, and a 1.35% decline between 2020 and 2021.

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

Instructional Salaries

$2.79M

Instructional Salaries

Number of Employees

In 2023, Wells College paid a total of $2.79M to 38 employees working as instructors, which represents 28% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

17 Employees

Service

Most Common Non-Instructional Employee

26 Employees

In 2023, the most common positions for instructional staff at Wells College were Professor with 17 employees, Assistant professor with 17 employees, and Associate professor with 4 employees.

In 2023, the most common positions for non-instructional staff at Wells College were Service with 26 employees, Management with 26 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Assistant professor
Male Assistant professor

In 2023, the most common demographic for instructional staff at Wells College was Male Professor with 11 employees, Female Assistant professor with 11 employees, and Male Assistant professor with 6 employees.

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

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