Carolina University

https://www.carolinau.edu

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    2024 Undergraduate Tuition
    $14,700
    9.7% growth from 2023
    2024 Average Net Price
    $20,412
    After Financial Aid
    2024 Acceptance Rate
    39.5%
    736 Applicants
    2024 Enrolled Students
    880
    75% Full-Time
    2024 Graduation Rate
    21.1%
    24 Graduates

    About

    Carolina University is a higher education institution located in Forsyth County, NC. In 2024, the most popular Masters Degree concentrations at Carolina University were Divinity & Ministry (79 degrees awarded), Other Business Administration, Management, & Operations (23 degrees), and Data Science, General (14 degrees).

    In 2024, 226 degrees were awarded across all undergraduate and graduate programs at Carolina University. 35% of these degrees were awarded to women, and 65% awarded men. The most common race/ethnicity group of degree recipients was white (92 degrees), 3.29 times more than then the next closest race/ethnicity group, black or african american (28 degrees).

    The median undergraduate tuition at Carolina University is $14,700, which is $−9,300 less than the national average for Masters Colleges and Universities ($24,000).

    Masters Colleges & Universities: Small ProgramsMasters Colleges and Universities

    Costs

    In 2024, the median undergraduate tuition at Carolina University is $14,700, which is $9,300 less than the national average for Masters Colleges and Universities ($24,000).

    After taking grants and loans into account, the average net price for students is $20,412.

    In 2024, 98% of undergraduate students attending Carolina University received financial aid through grants. Comparatively, 45% of undergraduate students received financial aid through loans.

    Tuition Costs

    $14,700
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Carolina University was $14,700. The cost of tuition at Carolina University is $−9,300 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

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

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    Average Net Price

    $20,412
    2024 Value
    6.81%
    1 Year Growth

    In 2024 Carolina University had an average net price — the price paid after factoring in grants and loans — of $20,412. Between 2023 and 2024, the average net price of Carolina University grew by 6.81%.

    This chart compares the average net price of Carolina 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.

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    Other Student Expenses

    $12,060
    Room and Board
    $2,600
    Books and Supplies

    The average yearly cost of room and board at Carolina University was of $12,060 in 2024. The cost of room and board increased by 3.43% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $2,600. The cost of books and supplies increased by 30% during the same period.

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

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    Financial Aid by Income Level

    98%
    Undergraduates Receiving Financial Aid through Grants
    45%
    Undergraduates Receiving Financial Aid through Loans

    98% of undergraduate students at Carolina University received financial aid through grants or loans in 2024. This represents a growth of 1.03% with respect to 2023, when 97% of undergraduate students received financial aid.

    This chart compares the average award discount at Carolina 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.

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    Admissions

    Carolina University received 736 undergraduate applications in 2024, which represents a 34.6% annual growth. Out of those 736 applicants, 291 students were accepted for enrollment, representing a 39.5% acceptance rate.

    There were 880 students enrolled at Carolina University in 2024. 40% of first-time enrollees submitted SAT scores with their applications.

    Carolina University has an overall enrollment yield of 26.5%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    39.5%
    Acceptance Rate in 2024
    291
    Accepted Out of 736

    In 2024, the undergraduate acceptance rate of Carolina University was 39.5% (291 admissions from 736 applications). This is higher than the acceptance rate of 2023, which was 34%. Between 2023 and 2024, the number of applicants grew by 34.6%, while admissions grew by 56.5%.

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

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    SAT Scores

    40%
    Submission Percentage (2019)
    29
    Scores Submitted (2019)

    40% of enrolled first-time students at Carolina University in 2019 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.

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    Enrollment

    Carolina University had a total enrollment of 880 students in 2024. The full-time enrollment at Carolina University is 660 students and the part-time enrollment is 220. This means that 75% of students enrolled at Carolina University are enrolled full-time.

    The enrolled student population at Carolina University, both undergraduate and graduate, is 26.1% White, 18% Black or African American, 7.84% Hispanic or Latino, 3.64% Two or More Races, 1.59% Asian, 0.114% American Indian or Alaska Native, and 0.114% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Carolina University in full-time Undergraduate programs are most commonly White Male (15.1%), followed by White Female (14.7%) and Black or African American Male (10.7%). Students enrolled in full-time Graduate programs are most commonly White Male (21%), followed by White Female (13%) and Black or African American Female (10.5%).

    Full-Time vs Part-Time Enrollment

    75%
    Full-Time Enrollment

    The total enrollment at Carolina University in 2024, both undergraduate and graduate, is 880 students. The full-time enrollment at Carolina University is 660 and the part-time enrollment is 220. This means that 75% of students enrolled at Carolina University are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

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

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    Retention Rate over Time

    56%
    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 Carolina University was 56%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Carolina University had a retention rate lower than its peers.

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

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      230 enrolled students
    2. Black or African American
      158 enrolled students
    3. Hispanic or Latino
      69 enrolled students

    The enrolled student population at Carolina University is 26.1% White, 18% Black or African American, 7.84% Hispanic or Latino, 3.64% Two or More Races, 1.59% Asian, 0.114% American Indian or Alaska Native, and 0.114% 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 Masters Colleges and Universities is 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 108 students (12.3%) did not report their race.

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    Graduates

    In 2024, 68 fewer women than men received degrees from Carolina University. The most common race/ethnicity group of degree recipients at Carolina University is white (92 degrees awarded). There were 3.29 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

    The most common Masters Degree concentration at Carolina University is Divinity & Ministry (79 degrees awarded), followed by Other Business Administration, Management, & Operations (23 degrees) and Data Science, General (14 degrees).

    In 2024,  the most specialized majors across all degree types at Carolina University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (84 degrees awarded), Cultural & Gender Studies (12 degrees), and Interdisciplinary Studies (19 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 Carolina University are Accountants & auditors (1,021,659 people), Other managers (802,164 people), Financial managers (532,811 people), Chief executives & legislators (412,659 people), and Human resources workers (266,288 people).

    The most specialized majors at Carolina University in 2024 are Theology (84 degrees awarded), Cultural & Gender Studies (12 degrees), Interdisciplinary Studies (19 degrees), Business (82 degrees), and Protective Services (8 degrees) (as of 2024).

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    Highest Paying Jobs by Major

    Surgeons
    Highest Paying Job

    The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Carolina University are Surgeons, Logisticians, Economists, Securities, commodities, & financial services sales agents, and Physicians

    The most specialized majors at Carolina University are Theology (84 degrees awarded), Cultural & Gender Studies (12 degrees), Interdisciplinary Studies (19 degrees), Business (82 degrees), and Protective Services (8 degrees) (as of 2024).

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    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 Carolina University are Elementary & secondary schools (681,777 people), Computer Systems Design (606,913 people), Justice, public order, & safety activities (500,141 people), Banking & related activities (465,603 people), and Construction (451,201 people).

    The most specialized majors at Carolina University are Theology (84 degrees awarded), Cultural & Gender Studies (12 degrees), Interdisciplinary Studies (19 degrees), Business (82 degrees), and Protective Services (8 degrees) (as of 2024).

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    Majors Awarded

    IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Carolina University.
    Other Multidisciplinary Studies
    Most Common (2024)
    1 degrees awarded

    In 2024, the most common associates degree concentration at Carolina University was Other Multidisciplinary Studies with 1 degrees awarded.

    This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Carolina University according to their major.

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    Sex Breakdown for Common Majors

    147
    Degrees Awarded to Men
    in 2024
    79
    Degrees Awarded to Women
    in 2024

    In 2024, 147 degrees were awarded to men at Carolina University, which is 1.86 times more than the number of degrees awarded to females (79).

    This chart displays the sex disparity between the top 5 majors at Carolina University by degrees awarded.

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    Most Common Male Majors

    In 2024, 70 degrees were awarded to men at Carolina University in Divinity & Ministry, which is 7.78 times more than the 9 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 14 degrees were awarded to men at Carolina University in Organizational Leadership, which is 0.824 times less than the 17 male recipients with that same degree.

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    Time to Complete

    24%
    100% Completion Time
    28%
    150% Completion Time

    In 2024, 24% of students graduating from Carolina University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 28% completed their degrees within 150% of the normal time, and 28% within 200%.

    The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities 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.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      92 degrees awarded
    2. Black or African American
      28 degrees awarded
    3. Hispanic or Latino
      28 degrees awarded

    The most common race/ethnicity at Carolina University is white (92 degrees awarded). There were 3.29 times more white recipients than the next closest race/ethnicity group, black or african american (28 degrees).

    13.7% of degree recipients (31 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Male
      99 degrees awarded
    2. White Male
      96 degrees awarded
    3. White Male
      88 degrees awarded

    The most common race/ethnicity and sex grouping at Carolina University is white male (99 degrees awarded). There were 1.03 times more white male recipients than the next closest race/ethnicity group, white male (96 degrees).

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    Operations

    Carolina University has an endowment valued at nearly $386k, as of the end of the 2024 fiscal year. The return on its endowment was of 168 (0.0435%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

    In 2024, Carolina University had a total salary expenditure of 12.8M. Carolina University employs 20 Assistant professors, 4 Professors and 3 Lecturers. Most academics at Carolina University are Male Assistant professor (11), Female Assistant professor (9), and Female Professor (2).

    The most common positions for non-instructional staff at Carolina University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 17 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 9 employees, and Business and Financial Operations with 8 employees.

    Endowment

    $386k
    2024 Endowment
    86.5%
    decline from 2023

    Carolina University has an endowment valued at about $386k, as of the end of the 2024 fiscal year. The endowment of Carolina University declined 86.5% from the previous year. The value of their endowment was $45.5M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

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

    The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

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    Salary Expenditure

    $7M
    2024 Salaries
    16.7%
    growth from 2023

    In 2024, Carolina University paid a median of $7M in salaries, which represents 54.8% of their overall expenditure ($12.8M) and a 16.7% growth from the previous year. This is compared to a 5.5% growth between 2022 and 2023, and a 14.6% growth between 2021 and 2022.

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    Instructional Salaries

    $1.75M
    Instructional Salaries
    27
    Number of Employees

    In 2024, Carolina University paid a total of $1.75M to 27 employees working as instructors, which represents 25% of all salaries paid.

    This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Carolina University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 17 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 9 employees, and Business and Financial Operations with 8 employees.

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