Alma College

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2020 Undergraduate Tuition
$42,352
2.95% growth from 2019
2020 Average Net Price
$23,635
After Financial Aid
2018 Student Loan
3.41%
Default Rate
2020 Acceptance Rate
66.7%
2,732 Applicants
2020 Enrolled Students
1,435
96.6% Full-Time
2020 Graduation Rate
70.8%
252 Graduates

About

Alma College is a higher education institution located in Gratiot County, MI. In 2016, the most popular Bachelor's Degree concentrations at Alma College were General Health & Wellness (31 degrees awarded), General Biological Sciences (26 degrees), and General Psychology (23 degrees).

In 2020, 359 degrees were awarded across all undergraduate and graduate programs at Alma College. 61% of these degrees were awarded to women, and 39% awarded men. The most common race/ethnicity group of degree recipients was white (271 degrees), 6.78 times more than then the next closest race/ethnicity group, unknown (40 degrees).

The median undergraduate tuition at Alma College is $42,352, which is $13,952 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Alma College is $42,352, which is $13,952 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $23,635.

In 2020, 99% of undergraduate students received federal grants, while 72% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$42,352
2020 Undergraduate Tuition

In 2020, the cost of tuition at Alma College was $42,352. The cost of tuition at Alma College is $13,952 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

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Average Net Price

$23,635
2020 Value
1.96%
1 Year Growth

In 2020 Alma College had an average net price — the price paid after factoring in grants and loans — of $23,635. Between 2019 and 2020, the average net price of Alma College grew by 1.96%.

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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

$9,346
Room and Board
$800
Books and Supplies

The average yearly cost of room and board at Alma College was of $9,346 in 2020. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 2.1% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

99%
Of Undergraduates Receive Grants
72%
Of Undergraduates Receive Federal Loans

99% of undergraduate students at Alma College received grants or loans in 2020. This represents a growth of 1.02% with respect to 2019, when 98% 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.

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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.
3.41%
2018 Default Rate
12
Number of Defaults

In 2018 the default rate for borrower's at Alma College was 3.41%, which represents 12 out of the 352 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.

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Admissions

Alma College received 2,732 undergraduate applications in 2020, which represents a 10% annual decline. Out of those 2,732 applicants, 1,823 students were accepted for enrollment, representing a 66.7% acceptance rate.

There were 1,435 students enrolled at Alma College in 2020, and N/A% of first-time enrollees submitted SAT scores with their applications.

Alma College has an overall enrollment yield of 21.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66.7%
Acceptance Rate in 2020
1,823
Accepted Out of 2,732

In 2020, the undergraduate acceptance rate of Alma College was 66.7% (1,823 admissions from 2,732 applications). This is higher than the acceptance rate of 2019, which was 62.4%. Between 2019 and 2020, the number of applicants declined by −10%, while admissions declined by −3.75%.

This chart compares the acceptance rate of Alma College (in red) with that of other similar universities.

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SAT Scores

N/A%
Submission Percentage
0
Scores Submitted

N/A% of enrolled first-time students at Alma College in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Alma College has a total enrollment of 1,435 students. The full-time enrollment at Alma College is 1,386 students and the part-time enrollment is 49. This means that 96.6% of students enrolled at Alma College are enrolled full-time.

The enrolled student population at Alma College, both undergraduate and graduate, is 80.6% White, 4.74% Hispanic or Latino, 3.97% Two or More Races, 3.9% Black or African American, 1.25% Asian, 0.488% American Indian or Alaska Native, and 0.139% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alma College in full-time Undergraduate programs are most commonly White Female (49.2%), followed by White Male (32.2%) and Hispanic or Latino Female (2.67%). Students enrolled in full-time Graduate programs are most commonly N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

96.6%
Full-Time Enrollment

The total enrollment at Alma College, both undergraduate and graduate, is 1,435 students. The full-time enrollment at Alma College is 1,386 and the part-time enrollment is 49. This means that 96.6% of students enrolled at Alma College are enrolled full-time compared with 80.1% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

83%
2020 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 83%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    1,156
  2. Hispanic or Latino
    68
  3. Two or More Races
    57

The enrolled student population at Alma College is 80.6% White, 4.74% Hispanic or Latino, 3.97% Two or More Races, 3.9% Black or African American, 1.25% Asian, 0.488% American Indian or Alaska Native, and 0.139% 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 54.8% White, 13.8% Black or African American, and 13.4% Hispanic or Latino.

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, 34 students (2.37%) did not report their race.

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Graduates

In 2020, 79 more women than men received degrees from Alma College. The most common race/ethnicity group of degree recipients at Alma College is white (271 degrees awarded). There were 6.78 times more white graduates than the next closest race/ethnicity group, unknown (40 degrees).

The most common Bachelor's Degree concentration at Alma College is General Health & Wellness (31 degrees awarded), followed by General Biological Sciences (26 degrees) and General Psychology (23 degrees).

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 Philosophy and Religious Studies (5 degrees awarded), English (17 degrees), and Physical Sciences (14 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Alma College are Lawyers, & judges, magistrates, & other judicial workers (204,887 people), Postsecondary teachers (196,068 people), Other managers (180,099 people), Elementary & middle school teachers (157,170 people), and Secondary school teachers (142,720 people).

The most specialized majors at Alma College are Philosophy and Religious Studies (5 degrees awarded), English (17 degrees), Physical Sciences (14 degrees), Natural Resources & Conservation (8 degrees), and History (7 degrees).

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Highest Paying Jobs by Major

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, Securities, commodities, & financial services sales agents, Agents & business managers of artists, performers, & athletes, Physicians, and Advertising sales agents

The most specialized majors at Alma College are Philosophy and Religious Studies (5 degrees awarded), English (17 degrees), Physical Sciences (14 degrees), Natural Resources & Conservation (8 degrees), and History (7 degrees).

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Common Industries by Major

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 (415,409 people), Colleges, universities & professional schools, including junior colleges (380,437 people), Legal services (159,734 people), Computer Systems Design (139,371 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (134,381 people).

The most specialized majors at Alma College are Philosophy and Religious Studies (5 degrees awarded), English (17 degrees), Physical Sciences (14 degrees), Natural Resources & Conservation (8 degrees), and History (7 degrees).

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Degrees

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
  1. 31 degree-majorss awarded
  2. 26 degree-majorss awarded
  3. 23 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Alma College was General Health & Wellness with 31 degrees awarded.

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

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Sex Breakdown for Common Majors

140
Degrees Awarded to Men
in 2020
219
Degrees Awarded to Women
in 2020

In 2020, 140 degrees were awarded to men at Alma College, which is 0.639 times less than the number of degrees awarded to females (219).

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

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Most Common Male Majors

In 2020, 14 degrees were awarded to men at Alma College in General Health & Wellness, which is 0.824 times less than the 17 female recipients with that same degree.

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Most Common Female Majors

In 2020, 21 degrees were awarded to women at Alma College in Registered Nursing, which is 10.5 times more than the 2 male recipients with that same degree.

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Time to Complete

51%
100% Completion Time
64%
150% Completion Time

In 2020, 51% of students graduating from Alma College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 64% completed their degrees within 150% of the normal time, and 65% 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.

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Diversity

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Alma College is Male and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.4%).

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, 4.37% of graduates (11 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    271 degrees awarded
  2. Unknown
    40 degrees awarded
  3. Hispanic or Latino
    14 degrees awarded

The most common race/ethnicity at Alma College is white (271 degrees awarded). There were 6.78 times more white recipients than the next closest race/ethnicity group, unknown (40 degrees).

11.1% of degree recipients (40 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    168 degrees awarded
  2. White Male
    103 degrees awarded
  3. Hispanic or Latino Female
    9 degrees awarded

The most common race/ethnicity and sex grouping at Alma College is white female (168 degrees awarded). There were 1.63 times more white female recipients than the next closest race/ethnicity group, white male (103 degrees).

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Operations

Alma College has an endowment valued at nearly $122M, as of the end of the 2020 fiscal year. The return on its endowment was of $1.42M (1.17%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Alma College had a total salary expenditure of $49.3M. Alma College employs 31 Assistant professors, 29 Professors, and 16 Associate professors. Most academics at Alma College are Female Assistant professors (20), Male Professors(17), and Female Professors (12).

The most common positions for non-instructional staff at Alma College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 44 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 40 employees, and Management with 22 employees.

Finances

Endowment

$122M
2020 Endowment
2.33%
decline from 2019

Alma College has an endowment valued at about $122M, as of the end of the 2020 fiscal year. The endowment of Alma College declined 2.33% from the previous year. The value of their endowment was $81.8M 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.

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Government Grants and Contracts

Grants & Contracts
  1. $2.06M - Federal
  2. $145 - State
  3. $160k - Local

As of 2020, Alma College received $2.06M in grants and contracts from the federal government, $145 from state grants and contracts, and $160k from local grants and contracts.

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Expenses

Salary Expenditure

$18.6M
2020 Salaries
17.2%
decline from 2019

In 2020, Alma College paid a median of $18.6M in salaries, which represents 37.7% of their overall expenditure ($49.3M) and a 17.2% decline from the previous year. This is compared to a 7.26% growth from 2018 and a 1.53% growth from 2017.

The median for similar Baccalaureate Colleges is 15.4M (40.8% of overall expenditures).

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Instructional Salaries

$6.03M
Instructional Salaries
91
Number of Employees

In 2020, Alma College paid a total of $6.03M to 91 employees working as instructors, which represents 32.4% of all salaries paid.

This is compared to a median of $4.78M (31%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
31 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
44 Employees

In 2020, the most common positions for instructional staff at Alma College were Assistant professor with 31 employees; Professor with 29 employees; and Professor with 16 employees.

In 2020, the most common positions for non-instructional staff at Alma College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 44 employees; Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 40 employees; and Management with 22 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Female Assistant professor
  2. Male Professor
  3. Female Professor

In 2020, the most common demographic for instructional staff at Alma College was Female Assistant professor with 20 employees, Male Professor with 17 employees, and Female Professor with 12 employees.

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

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