Alma College

www.alma.edu

Add Comparison

2024 Undergraduate Tuition

$49,282

4.5% growth from 2023

2024 Average Net Price

$22,094

After Financial Aid

2024 Acceptance Rate

57%

5,208 Applicants

2024 Enrolled Students

1,197

97.5% Full-Time

2024 Graduation Rate

62.9%

254 Graduates

About

Alma College is a higher education institution located in Gratiot County, MI. In 2024, the most popular Bachelors Degree concentrations at Alma College were General Business Administration & Management (40 degrees awarded), General Psychology (37 degrees), and Exercise Physiology (36 degrees).

In 2024, 357 degrees were awarded across all undergraduate and graduate programs at Alma College. 58.3% of these degrees were awarded to women, and 41.7% awarded men. The most common race/ethnicity group of degree recipients was white (291 degrees), 18.2 times more than then the next closest race/ethnicity group, two or more races (16 degrees).

The median undergraduate tuition at Alma College is $49,282, which is $21,104 more than the national average for Baccalaureate Colleges ($28,178).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Alma College is $49,282, which is $21,104 more than the national average for Baccalaureate Colleges ($28,178).

After taking grants and loans into account, the average net price for students is $22,094.

In 2024, 91% of undergraduate students attending Alma College received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans.

Tuition Costs

$49,282

2024 Undergraduate Tuition

In 2024, the cost of tuition at Alma College was $49,282. The cost of tuition at Alma College is $21,104 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,178).

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

Average Net Price

$22,094

2024 Value

11.1%

1 Year Growth

In 2024 Alma College had an average net price — the price paid after factoring in grants and loans — of $22,094. Between 2023 and 2024, the average net price of Alma College grew by 11.1%.

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

$11,141

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Alma College was of $11,141 in 2024. The cost of room and board increased by 7.52% between 2023 and 2024.

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

91%

Undergraduates Receiving Financial Aid through Grants

57%

Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Alma College received financial aid through grants or loans in 2024. This represents a decline of 8.08% with respect to 2023, 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.

Admissions

Alma College received 5,208 undergraduate applications in 2024, which represents a 31% annual growth. Out of those 5,208 applicants, 2,970 students were accepted for enrollment, representing a 57% acceptance rate.

There were 1,197 students enrolled at Alma College in 2024. 92% of first-time enrollees submitted SAT scores with their applications.

Alma College has an overall enrollment yield of 9.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

57%

Acceptance Rate in 2024

2,970

Accepted Out of 5,208

In 2024, the undergraduate acceptance rate of Alma College was 57% (2,970 admissions from 5,208 applications). This is lower than the acceptance rate of 2023, which was 65.7%. Between 2023 and 2024, the number of applicants grew by 31%, while admissions grew by 13.8%.

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 1,197 students in 2024. The full-time enrollment at Alma College is 1,167 students and the part-time enrollment is 30. This means that 97.5% of students enrolled at Alma College are enrolled full-time.

The enrolled student population at Alma College, both undergraduate and graduate, is 76% White, 5.76% Black or African American, 3.59% Hispanic or Latino, 2.59% Two or More Races, 0.835% Asian, 0.334% American Indian or Alaska Native, and 0.0835% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alma College in full-time Undergraduate programs are most commonly White Female (43.6%), followed by White Male (34.8%) and Black or African American Male (4.94%). Students enrolled in full-time Graduate programs are most commonly White Female (21.1%), followed by White Male (10.5%) and Hispanic or Latino Female (2.63%).

Full-Time vs Part-Time Enrollment

97.5%

Full-Time Enrollment

The total enrollment at Alma College in 2024, both undergraduate and graduate, is 1,197 students. The full-time enrollment at Alma College is 1,167 and the part-time enrollment is 30. This means that 97.5% of students enrolled at Alma 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 Alma College (in red) compares to similar universities.

Retention Rate over Time

85%

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 Alma College was 85%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), 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 (2024)

White
910 enrolled students
Black or African American
69 enrolled students
Hispanic or Latino
43 enrolled students

The enrolled student population at Alma College is 76% White, 5.76% Black or African American, 3.59% Hispanic or Latino, 2.59% Two or More Races, 0.835% Asian, 0.334% American Indian or Alaska Native, and 0.0835% 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 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, 64 students (5.35%) did not report their race.

Graduates

In 2024, 59 more women than men received degrees from Alma College. The most common race/ethnicity group of degree recipients at Alma College is white (291 degrees awarded). There were 18.2 times more white recipients than the next closest race/ethnicity group, two or more races (16 degrees).

The most common Bachelor's Degree concentration at Alma College is General Business Administration & Management (40 degrees awarded), followed by General Psychology (37 degrees) and Exercise Physiology (36 degrees).

In 2024, 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 (13 degrees awarded), Biology (69 degrees), and English (13 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 Alma College are Physicians (429,898 people), Other managers (321,668 people), Elementary & middle school teachers (284,319 people), Postsecondary teachers (263,485 people), and Secondary school teachers (223,242 people).

The most specialized majors at Alma College in 2024 are Natural Resources & Conservation (13 degrees awarded), Biology (69 degrees), English (13 degrees), History (8 degrees), and Visual & Performing Arts (27 degrees) (as of 2024).

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, Magnetic resonance imaging technologists, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Alma College are Natural Resources & Conservation (13 degrees awarded), Biology (69 degrees), English (13 degrees), History (8 degrees), and Visual & Performing Arts (27 degrees) (as of 2024).

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 (717,827 people), Colleges, universities & professional schools, including junior colleges (620,689 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (598,991 people), Computer Systems Design (248,265 people), and Offices of physicians (215,612 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 (2024)

General Business Administration & Management
40 degrees awarded
General Psychology
37 degrees awarded
Exercise Physiology
36 degrees awarded

In 2024, the most common bachelors degree concentration at Alma College was General Business Administration & Management with 40 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

149

Degrees Awarded to Men

in 2024

208

Degrees Awarded to Women

in 2024

In 2024, 149 degrees were awarded to men at Alma College, which is 0.716 times less than the number of degrees awarded to females (208).

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

Most Common Male Majors

In 2024, 27 degrees were awarded to men at Alma College in General Business Administration & Management, which is 2.08 times more than the 13 female recipients with that same degree.

Most Common Female Majors

In 2024, 29 degrees were awarded to men at Alma College in General Psychology, which is 3.63 times more than the 8 male recipients with that same degree.

Time to Complete

53%

100% Completion Time

62%

150% Completion Time

In 2024, 53% of students graduating from Alma College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 62% completed their degrees within 150% of the normal time, and 62% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
291 degrees awarded
Two or More Races
16 degrees awarded
Black or African American
15 degrees awarded

The most common race/ethnicity at Alma College is white (291 degrees awarded). There were 18.2 times more white recipients than the next closest race/ethnicity group, two or more races (16 degrees).

1.96% of degree recipients (7 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
210 degrees awarded
White Female
203 degrees awarded
White Female
200 degrees awarded

The most common race/ethnicity and sex grouping at Alma College is white female (210 degrees awarded). There were 1.03 times more white female recipients than the next closest race/ethnicity group, white female (203 degrees).

Operations

Alma College has an endowment valued at nearly $136M, as of the end of the 2024 fiscal year. The return on its endowment was of 13.6M (9.97%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2024, Alma College had a total salary expenditure of 53.6M. Alma College employs 24 Associate professors, 20 Assistant professors and 19 Professors. Most academics at Alma College are Female Associate professor (12), Male Associate professor (12), and Male Professor (10).

The most common positions for non-instructional staff at Alma College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 55 employees, Management, with 46 employees, and Office and Administrative Support with 10 employees.

Endowment

$136M

2024 Endowment

2.28%

growth from 2023

Alma College has an endowment valued at about $136M, as of the end of the 2024 fiscal year. The endowment of Alma College grew 2.28% from the previous year. The value of their endowment was $86.5M 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: Diverse Fields Carnegie Classification grouping.

Government Grants and Contracts

Grants & Contracts

$640k - Federal
$22.5k - State
$36.5k - Local

As of 2024, Alma College received $640k in grants and contracts from the federal government, $22.5k from state grants and contracts, and $36.5k from local grants and contracts.

Salary Expenditure

$20.2M

2024 Salaries

2.3%

growth from 2023

In 2024, Alma College paid a median of $20.2M in salaries, which represents 37.6% of their overall expenditure ($53.6M) and a 2.3% growth from the previous year. This is compared to a 6.84% growth between 2022 and 2023, and a 6.17% decline between 2021 and 2022.

Instructional Salaries

$5.79M

Instructional Salaries

Number of Employees

In 2024, Alma College paid a total of $5.79M to 81 employees working as instructors, which represents 28.7% 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 Alma College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 55 employees, Management with 46 employees, and Office and Administrative Support with 10 employees.

Keep Exploring

McDaniel College

University

Oregon Institute of Technology

University

Saint Norbert College

University

Ave Maria University

University

Bethany Lutheran College

University