Alma College

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2022 Undergraduate Tuition
$45,346
4% growth from 2021
2022 Average Net Price
$23,995
After Financial Aid
2019 Default Rate
2.11%
on Student Loans
2022 Acceptance Rate
64.7%
3,372 Applicants
2022 Enrolled Students
1,260
98.3% Full-Time
2022 Graduation Rate
62.2%
278 Graduates

About

Alma College is a higher education institution located in Gratiot County, MI. In 2022, the most popular Bachelors Degree concentrations at Alma College were General Psychology (40 degrees awarded), Kinesiology & Exercise Science (31 degrees), and Registered Nursing (21 degrees).

In 2022, 362 degrees were awarded across all undergraduate and graduate programs at Alma College. 67.1% of these degrees were awarded to women, and 32.9% awarded men. The most common race/ethnicity group of degree recipients was white (318 degrees), 26.5 times more than then the next closest race/ethnicity group, two or more races (12 degrees).

The median undergraduate tuition at Alma College is $45,346, which is $17,016 more than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at Alma College is $45,346, which is $17,016 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $23,995.

In 2022, 99% of undergraduate students attending Alma College received financial aid through grants. Comparatively, 65% of undergraduate students received financial aid through loans.

Tuition Costs

$45,346
2022 Undergraduate Tuition

In 2022, the cost of tuition at Alma College was $45,346. The cost of tuition at Alma College is $17,016 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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Average Net Price

$23,995
2022 Value
1.26%
1 Year Growth

In 2022 Alma College had an average net price — the price paid after factoring in grants and loans — of $23,995. Between 2021 and 2022, the average net price of Alma College grew by 1.26%.

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.

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Other Student Expenses

$9,990
Room and Board
$850
Books and Supplies

The average yearly cost of room and board at Alma College was of $9,990 in 2022. The cost of room and board increased by 2.76% between 2021 and 2022.

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.

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Financial Aid by Income Level

99%
Undergraduates Receiving Financial Aid through Grants
65%
Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Alma College received financial aid through grants or loans in 2022. This represents a growth of 1.02% with respect to 2021, 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.
2.11%
2019 Default Rate
9
Number of Defaults

In 2019 the default rate for borrower's at Alma College was 2.11%, which represents 9 out of the 426 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 3,372 undergraduate applications in 2022, which represents a 16% annual growth. Out of those 3,372 applicants, 2,180 students were accepted for enrollment, representing a 64.7% acceptance rate.

There were 1,260 students enrolled at Alma College in 2022.

Alma College has an overall enrollment yield of 15.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

64.7%
Acceptance Rate in 2022
2,180
Accepted Out of 3,372

In 2022, the undergraduate acceptance rate of Alma College was 64.7% (2,180 admissions from 3,372 applications). This is lower than the acceptance rate of 2021, which was 68.8%. Between 2021 and 2022, the number of applicants grew by 16%, while admissions grew by 9%..

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.

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Enrollment

Alma College had a total enrollment of 1,260 students in 2022. The full-time enrollment at Alma College is 1,238 students and the part-time enrollment is 22. This means that 98.3% of students enrolled at Alma College are enrolled full-time.

The enrolled student population at Alma College, both undergraduate and graduate, is 80% White, 4.29% Hispanic or Latino, 3.97% Black or African American, 3.25% Two or More Races, 1.11% Asian, 0.317% American Indian or Alaska Native, and 0.159% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alma College in full-time Undergraduate programs are most commonly White Female (44.4%), followed by White Male (36.1%) and Black or African American Male (2.45%). Students enrolled in full-time Graduate programs are most commonly White Female (26.7%), followed by White Male (20%) and Black or African American Male (6.67%).

Full-Time vs Part-Time Enrollment

98.3%
Full-Time Enrollment

The total enrollment at Alma College in 2022, both undergraduate and graduate, is 1,260 students. The full-time enrollment at Alma College is 1,238 and the part-time enrollment is 22. This means that 98.3% of students enrolled at Alma College are enrolled full-time compared with 79.6% 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

73%
2022 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 73%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), 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 (2022)
  1. White
    1,008 enrolled students
  2. Hispanic or Latino
    54 enrolled students
  3. Black or African American
    50 enrolled students

The enrolled student population at Alma College is 80% White, 4.29% Hispanic or Latino, 3.97% Black or African American, 3.25% Two or More Races, 1.11% Asian, 0.317% American Indian or Alaska Native, and 0.159% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% 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, 44 students (3.49%) did not report their race.

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Graduates

In 2022, 124 more women than men received degrees from Alma College. The most common race/ethnicity group of degree recipients at Alma College is white (318 degrees awarded). There were 26.5 times more white recipients than the next closest race/ethnicity group, two or more races (12 degrees).

The most common Bachelor's Degree concentration at Alma College is General Psychology (40 degrees awarded), followed by Kinesiology & Exercise Science (31 degrees) and Registered Nursing (21 degrees).

In 2022,  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 Parks, Recreation, & Leisure (31 degrees awarded), Philosophy and Religious Studies (6 degrees), and History (9 degrees).

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 (209,608 people), Elementary & middle school teachers (203,641 people), Postsecondary teachers (198,735 people), Other managers (190,332 people), and Secondary school teachers (154,860 people).

The most specialized majors at Alma College in 2022 are Parks, Recreation, & Leisure (31 degrees awarded), Philosophy and Religious Studies (6 degrees), History (9 degrees), English (14 degrees), and Physical Sciences (11 degrees) (as of 2022).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Alma College are Diagnostic medical sonographers, Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, and Magnetic resonance imaging technologists

The most specialized majors at Alma College are Parks, Recreation, & Leisure (31 degrees awarded), Philosophy and Religious Studies (6 degrees), History (9 degrees), English (14 degrees), and Physical Sciences (11 degrees) (as of 2022).

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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 (496,993 people), Colleges, universities & professional schools, including junior colleges (396,961 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (193,275 people), Legal services (166,905 people), and Computer Systems Design (160,356 people).

The most specialized majors at Alma College are Parks, Recreation, & Leisure (31 degrees awarded), Philosophy and Religious Studies (6 degrees), History (9 degrees), English (14 degrees), and Physical Sciences (11 degrees) (as of 2022).

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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 Alma College.
Most Common (2021)
  1. 40 degrees awarded
  2. 36 degrees awarded
  3. 23 degrees awarded

In 2021, the most common bachelors degree concentration at Alma College was General Psychology with 40 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

119
Degrees Awarded to Men
in 2022
243
Degrees Awarded to Women
in 2022

In 2022, 119 degrees were awarded to men at Alma College, which is 0.49 times less than the number of degrees awarded to females (243).

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 2022, 13 degrees were awarded to men at Alma College in General Business Administration & Management, which is 1.63 times more than the 8 female recipients with that same degree.

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Most Common Female Majors

In 2022, 38 degrees were awarded to men at Alma College in General Psychology, which is 19 times more than the 2 male recipients with that same degree.

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Time to Complete

59%
100% Completion Time
71%
150% Completion Time

In 2022, 59% of students graduating from Alma College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% completed their degrees within 150% of the normal time, and 72% 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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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Two or More Races Female
Highest Graduation Rate (70%)

The student demographic with the highest graduation rate in 2022 at Alma College is Female and Two or More Races (70% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

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, 8.27% of graduates (23 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    318 degrees awarded
  2. Two or More Races
    12 degrees awarded
  3. Hispanic or Latino
    9 degrees awarded

The most common race/ethnicity at Alma College is white (318 degrees awarded). There were 26.5 times more white recipients than the next closest race/ethnicity group, two or more races (12 degrees).

1.66% of degree recipients (6 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    210 degrees awarded
  2. White Male
    108 degrees awarded
  3. Hispanic or Latino Female
    9 degrees awarded

The most common race/ethnicity and sex grouping at Alma College is white female (210 degrees awarded). There were 1.94 times more white female recipients than the next closest race/ethnicity group, white male (108 degrees).

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Operations

Alma College has an endowment valued at nearly $129M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−11.1%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Alma College had a total salary expenditure of 53.8M. Alma College employs 30 Associate professors, 19 Professors and 18 Assistant professors. Most academics at Alma College are Male Associate professor (17), Female Associate professor (13), and Male Professor (12).

The most common positions for non-instructional staff at Alma College are: Management, with 62 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 41 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 15 employees.

Endowment

$129M
2022 Endowment
14.5%
decline from 2021

Alma College has an endowment valued at about $129M, as of the end of the 2022 fiscal year. The endowment of Alma College declined 14.5% from the previous year. The value of their endowment was $79.3M 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. $2.5M - Federal
  2. $48.1k - State
  3. $13.8k - Local

As of 2022, Alma College received $2.5M in grants and contracts from the federal government, $48.1k from state grants and contracts, and $13.8k from local grants and contracts.

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Salary Expenditure

$18.4M
2022 Salaries
6.17%
decline from 2021

In 2022, Alma College paid a median of $18.4M in salaries, which represents 34.3% of their overall expenditure ($53.8M) and a 6.17% decline from the previous year.

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

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Instructional Salaries

$5.74M
Instructional Salaries
85
Number of Employees

In 2022, Alma College paid a total of $5.74M to 85 employees working as instructors, which represents 31.2% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

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Occupations by Share

Associate professor
Most Common Instructor
30 Employees
Management
Most Common Non-Instructional Employee
62 Employees

In 2022, the most common positions for instructional staff at Alma College were Associate professor with 30 employees, Professor with 19 employees, and Assistant professor with 18 employees.

In 2022, the most common positions for non-instructional staff at Alma College were Management with 62 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 41 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 15 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Associate professor
  2. Female Associate professor
  3. Male Professor

In 2022, the most common demographic for instructional staff at Alma College was Male Associate professor with 17 employees, Female Associate professor with 13 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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