Albion College

www.albion.edu

2024 Undergraduate Tuition

$56,330

2% growth from 2023

2024 Average Net Price

$16,719

After Financial Aid

2023 Default Rate

0.739%

on Student Loans

2024 Acceptance Rate

80.7%

6,421 Applicants

2024 Enrolled Students

1,308

99% Full-Time

2024 Graduation Rate

61.6%

263 Graduates

Costs

In 2024, the median undergraduate tuition at Albion College is $56,330, which is $28,152 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $16,719.

In 2024, 100% of undergraduate students attending Albion College received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans.

Tuition Costs

$56,330

2024 Undergraduate Tuition

In 2024, the cost of tuition at Albion College was $56,330. The cost of tuition at Albion College is $28,152 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

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

Average Net Price

$16,719

2024 Value

9.48%

1 Year Growth

In 2024 Albion College had an average net price — the price paid after factoring in grants and loans — of $16,719. Between 2023 and 2024, the average net price of Albion College grew by 9.48%.

This chart compares the average net price of Albion 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

$12,570

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Albion College was of $12,570 in 2024. The cost of room and board increased by 0.802% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies increased by 21.4% during the same period.

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

Financial Aid by Income Level

100%

Undergraduates Receiving Financial Aid through Grants

64%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Albion College received financial aid through grants or loans in 2024. This represents a growth of 1.01% with respect to 2023, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Albion 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.

0.739%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Albion College was 0.739%, which represents 3 out of the 406 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

Albion College had a total enrollment of 1,308 students in 2024. The full-time enrollment at Albion College is 1,295 students and the part-time enrollment is 13. This means that 99% of students enrolled at Albion College are enrolled full-time.

The enrolled student population at Albion College, both undergraduate and graduate, is 53.7% White, 15.4% Black or African American, 12.6% Hispanic or Latino, 4.28% Two or More Races, 1.38% Asian, and 0.229% American Indian or Alaska Native.

Students enrolled at Albion College in full-time Undergraduate programs are most commonly White Female (30.9%), followed by White Male (23.4%) and Black or African American Male (8.77%).

Full-Time vs Part-Time Enrollment

99%

Full-Time Enrollment

The total enrollment at Albion College in 2024, both undergraduate and graduate, is 1,308 students. The full-time enrollment at Albion College is 1,295 and the part-time enrollment is 13. This means that 99% of students enrolled at Albion College are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

71%

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 Albion College was 71%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Albion College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
703 enrolled students
Black or African American
202 enrolled students
Hispanic or Latino
165 enrolled students

The enrolled student population at Albion College is 53.7% White, 15.4% Black or African American, 12.6% Hispanic or Latino, 4.28% Two or More Races, 1.38% Asian, and 0.229% 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 50.5% White, 15.6% 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, 92 students (7.03%) did not report their race.

Operations

Albion College has an endowment valued at nearly $144M, as of the end of the 2024 fiscal year. The return on its endowment was of 3.31M (2.29%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, Albion College had a total salary expenditure of 66M. Albion College employs 44 Professors, 41 Assistant professors and 24 Associate professors. Most academics at Albion College are Male Professor (27), Female Assistant professor (25), and Female Professor (17).

The most common positions for non-instructional staff at Albion College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 63 employees, Management, with 52 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 28 employees.

Endowment

$144M

2024 Endowment

3.84%

decline from 2023

Albion College has an endowment valued at about $144M, as of the end of the 2024 fiscal year. The endowment of Albion College declined 3.84% from the previous year. The value of their endowment was $94.7M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Albion 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

$25.5M

2024 Salaries

2.65%

decline from 2023

In 2024, Albion College paid a median of $25.5M in salaries, which represents 38.6% of their overall expenditure ($66M) and a 2.65% decline from the previous year. This is compared to a 3.48% decline between 2022 and 2023, and a 1.73% decline between 2021 and 2022.

Instructional Salaries

$7.86M

Instructional Salaries

117

Number of Employees

In 2024, Albion College paid a total of $7.86M to 117 employees working as instructors, which represents 30.9% of all salaries paid.

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

Occupations by Share

In 2024, the most common positions for non-instructional staff at Albion College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 63 employees, Management with 52 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 28 employees.

Albion College

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Albion College

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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

Graduation Rate by Race and Sex

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Endowment

Salary Expenditure

Instructional Salaries

Occupations by Share

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