Alma College

alma.edu

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2023 Undergraduate Tuition

$47,160

4% growth from 2022

2023 Average Net Price

$24,862

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

65.7%

3,975 Applicants

2023 Enrolled Students

1,273

97% Full-Time

2023 Graduation Rate

63.7%

260 Graduates

About

Alma College is a higher education institution located in Gratiot County, MI. In 2023, the most popular Bachelors Degree concentrations at Alma College were General Business Administration & Management (29 degrees awarded), Registered Nursing (26 degrees), and General Psychology (23 degrees).

In 2023, 283 degrees were awarded across all undergraduate and graduate programs at Alma College. 59% of these degrees were awarded to women, and 41% awarded men. The most common race/ethnicity group of degree recipients was white (235 degrees), 15.7 times more than then the next closest race/ethnicity group, hispanic or latino (15 degrees).

The median undergraduate tuition at Alma College is $47,160, which is $17,880 more than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Alma College was 0%, corresponding to 0 out of the 363 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Alma College is $47,160, which is $17,880 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $24,862.

In 2023, 99% of undergraduate students attending Alma College received financial aid through grants. Comparatively, 66% of undergraduate students received financial aid through loans.

Tuition Costs

$47,160

2023 Undergraduate Tuition

In 2023, the cost of tuition at Alma College was $47,160. The cost of tuition at Alma College is $17,880 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$24,862

2023 Value

3.61%

1 Year Growth

In 2023 Alma College had an average net price — the price paid after factoring in grants and loans — of $24,862. Between 2022 and 2023, the average net price of Alma College grew by 3.61%.

This chart compares the average net price of Alma 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

$10,362

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Alma College was of $10,362 in 2023. The cost of room and board increased by 3.73% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

99%

Undergraduates Receiving Financial Aid through Grants

66%

Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Alma College received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Alma 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 Alma College was 0%, which represents 0 out of the 363 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

Alma College received 3,975 undergraduate applications in 2023, which represents a 17.9% annual growth. Out of those 3,975 applicants, 2,610 students were accepted for enrollment, representing a 65.7% acceptance rate.

There were 1,273 students enrolled at Alma College in 2023. 92% of first-time enrollees submitted SAT scores with their applications.

Alma College has an overall enrollment yield of 13.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

65.7%

Acceptance Rate in 2023

2,610

Accepted Out of 3,975

In 2023, the undergraduate acceptance rate of Alma College was 65.7% (2,610 admissions from 3,975 applications). This is higher than the acceptance rate of 2022, which was 64.7%. Between 2022 and 2023, the number of applicants grew by 17.9%, while admissions grew by 19.7%.

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

SAT Scores

92%

Submission Percentage (2019)

355

Scores Submitted (2019)

92% of enrolled first-time students at Alma College 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.

Enrollment

Alma College had a total enrollment of 1,273 students in 2023. The full-time enrollment at Alma College is 1,235 students and the part-time enrollment is 38. This means that 97% of students enrolled at Alma College are enrolled full-time.

The enrolled student population at Alma College, both undergraduate and graduate, is 77.3% White, 5.89% Black or African American, 3.38% Hispanic or Latino, 3.06% Two or More Races, 0.864% Asian, 0.236% American Indian or Alaska Native, and 0.0786% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alma College in full-time Undergraduate programs are most commonly White Female (44.2%), followed by White Male (35.7%) and Black or African American Male (3.72%). Students enrolled in full-time Graduate programs are most commonly White Male (15.1%), followed by White Female (13.2%) and Black or African American Male (3.77%).

Full-Time vs Part-Time Enrollment

97%

Full-Time Enrollment

The total enrollment at Alma College in 2023, both undergraduate and graduate, is 1,273 students. The full-time enrollment at Alma College is 1,235 and the part-time enrollment is 38. This means that 97% of students enrolled at Alma 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 Alma College (in red) compares to similar universities.

Retention Rate over Time

76%

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 Alma College was 76%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Alma College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
984 enrolled students
Black or African American
75 enrolled students
Hispanic or Latino
43 enrolled students

The enrolled student population at Alma College is 77.3% White, 5.89% Black or African American, 3.38% Hispanic or Latino, 3.06% Two or More Races, 0.864% Asian, 0.236% American Indian or Alaska Native, and 0.0786% 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 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, 63 students (4.95%) did not report their race.

Graduates

In 2023, 51 more women than men received degrees from Alma College. The most common race/ethnicity group of degree recipients at Alma College is white (235 degrees awarded). There were 15.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (15 degrees).

The most common Bachelor's Degree concentration at Alma College is General Business Administration & Management (29 degrees awarded), followed by Registered Nursing (26 degrees) and General Psychology (23 degrees).

In 2023, the most specialized majors across all degree types at Alma College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Natural Resources & Conservation (12 degrees awarded), Parks, Recreation, & Leisure (22 degrees), and History (9 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Alma College are Other managers (209,741 people), Elementary & middle school teachers (191,679 people), Lawyers, & judges, magistrates, & other judicial workers (189,502 people), Postsecondary teachers (186,346 people), and Secondary school teachers (167,728 people).

The most specialized majors at Alma College in 2023 are Natural Resources & Conservation (12 degrees awarded), Parks, Recreation, & Leisure (22 degrees), History (9 degrees), Physical Sciences (12 degrees), and English (10 degrees) (as of 2023).

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 Alma College are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Alma College are Natural Resources & Conservation (12 degrees awarded), Parks, Recreation, & Leisure (22 degrees), History (9 degrees), Physical Sciences (12 degrees), and English (10 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 Alma College are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

Majors Awarded

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

Most Common (2023)

General Business Administration & Management
29 degrees awarded
Registered Nursing
26 degrees awarded
General Psychology
23 degrees awarded

In 2023, the most common bachelors degree concentration at Alma College was General Business Administration & Management with 29 degrees awarded.

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

Sex Breakdown for Common Majors

116

Degrees Awarded to Men

in 2023

167

Degrees Awarded to Women

in 2023

In 2023, 116 degrees were awarded to men at Alma College, which is 0.695 times less than the number of degrees awarded to females (167).

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

Most Common Male Majors

In 2023, 18 degrees were awarded to men at Alma College in General Business Administration & Management, which is 1.64 times more than the 11 female recipients with that same degree.

Most Common Female Majors

In 2023, 19 degrees were awarded to men at Alma College in Registered Nursing, which is 2.71 times more than the 7 male recipients with that same degree.

Time to Complete

54%

100% Completion Time

63%

150% Completion Time

In 2023, 54% of students graduating from Alma College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 63% completed their degrees within 150% of the normal time, and 63% 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.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Alma College is Female and Asian (100% 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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.31% of graduates (6 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
235 degrees awarded
Hispanic or Latino
15 degrees awarded
Two or More Races
14 degrees awarded

The most common race/ethnicity at Alma College is white (235 degrees awarded). There were 15.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (15 degrees).

1.41% of degree recipients (4 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
146 degrees awarded
White Male
89 degrees awarded
Hispanic or Latino Male
10 degrees awarded

The most common race/ethnicity and sex grouping at Alma College is white female (146 degrees awarded). There were 1.64 times more white female recipients than the next closest race/ethnicity group, white male (89 degrees).

Operations

Alma College has an endowment valued at nearly $133M, as of the end of the 2023 fiscal year. The return on its endowment was of 13M (9.81%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Alma College had a total salary expenditure of 55.6M. Alma College employs 27 Associate professors, 24 Assistant professors and 20 Professors. Most academics at Alma College are Male Associate professor (17), Male Assistant professor (12), and Male Professor (12).

The most common positions for non-instructional staff at Alma College are: Management, with 64 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 55 employees, and Computer, Engineering, and Science with 18 employees.

Endowment

$133M

2023 Endowment

3.43%

growth from 2022

Alma College has an endowment valued at about $133M, as of the end of the 2023 fiscal year. The endowment of Alma College grew 3.43% from the previous year. The value of their endowment was $81.5M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Alma 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.

Government Grants and Contracts

Grants & Contracts

$2.07M - Federal
$56.6k - State
$46.6k - Local

As of 2023, Alma College received $2.07M in grants and contracts from the federal government, $56.6k from state grants and contracts, and $46.6k from local grants and contracts.

Salary Expenditure

$19.7M

2023 Salaries

6.84%

growth from 2022

In 2023, Alma College paid a median of $19.7M in salaries, which represents 35.4% of their overall expenditure ($55.6M) and a 6.84% growth from the previous year. This is compared to a 6.17% decline between 2021 and 2022, and a 5.56% growth between 2020 and 2021.

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

Instructional Salaries

$6.22M

Instructional Salaries

Number of Employees

In 2023, Alma College paid a total of $6.22M to 87 employees working as instructors, which represents 31.6% of all salaries paid.

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

Occupations by Share

Associate professor

Most Common Instructor

27 Employees

Management

Most Common Non-Instructional Employee

64 Employees

In 2023, the most common positions for instructional staff at Alma College were Associate professor with 27 employees, Assistant professor with 24 employees, and Professor with 20 employees.

In 2023, the most common positions for non-instructional staff at Alma College were Management with 64 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 55 employees, and Computer, Engineering, and Science with 18 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Associate professor
Male Assistant professor
Male Professor

In 2023, the most common demographic for instructional staff at Alma College was Male Associate professor with 17 employees, Male Assistant professor with 12 employees, and Male Professor with 12 employees.

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

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