Averett University

www.averett.edu

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2020 Undergraduate Tuition

$36,520

3.02% growth from 2019

2020 Average Net Price

$23,855

After Financial Aid

2018 Student Loan

5.32%

Default Rate

2020 Acceptance Rate

69.4%

2,652 Applicants

2020 Enrolled Students

887

97.3% Full-Time

2020 Graduation Rate

50.2%

107 Graduates

About

Averett University is a higher education institution located in Danville city, VA. In 2020, the most popular Bachelor's Degree concentrations at Averett University were Pre-Medical Studies (18 degrees awarded), Accounting (16 degrees), and Management Science (15 degrees).

In 2020, 195 degrees were awarded across all undergraduate and graduate programs at Averett University. 50.8% of these degrees were awarded to women, and 49.2% awarded men. The most common race/ethnicity group of degree recipients was white (122 degrees), 3.21 times more than then the next closest race/ethnicity group, black or african american (38 degrees).

The median undergraduate tuition at Averett University is $36,520, which is $8,120 more than the national average for Baccalaureate Colleges ($28,400).

Costs

The median undergraduate tuition at Averett University is $36,520, which is $8,120 more than the national average for Baccalaureate Colleges ($28,400).

After taking grants and loans into account, the average net price for students is $23,855.

In 2020, 99% of undergraduate students attending Averett University received financial aid through grants. Comparatively, 75% of undergraduate students received financial aid through loans.

Tuition Costs

$36,520

2020 Undergraduate Tuition

In 2020, the cost of tuition at Averett University was $36,520. The cost of tuition at Averett University is $8,120 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,400).

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

Average Net Price

$23,855

2020 Value

0.658%

1 Year Growth

In 2020 Averett University had an average net price — the price paid after factoring in grants and loans — of $23,855. Between 2019 and 2020, the average net price of Averett University grew by 0.658%.

This chart compares the average net price of Averett University (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

$7,628

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Averett University was of $7,628 in 2020. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 4.74% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

99%

Undergraduates Receiving Financial Aid through Grants

75%

Undergraduates Receiving Financial Aid through Loans

99% of undergraduate students at Averett University received financial aid through 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 Averett University (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.

5.32%

2018 Default Rate

Number of Defaults

In 2018 the default rate for borrower's at Averett University was 5.32%, which represents 34 out of the 639 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

Averett University received 2,652 undergraduate applications in 2020, which represents a 2.25% annual decline. Out of those 2,652 applicants, 1,840 students were accepted for enrollment, representing a 69.4% acceptance rate.

There were 887 students enrolled at Averett University in 2020, and 62% of first-time enrollees submitted SAT scores with their applications.

Averett University has an overall enrollment yield of 14.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.4%

Acceptance Rate in 2020

1,840

Accepted Out of 2,652

In 2020, the undergraduate acceptance rate of Averett University was 69.4% (1,840 admissions from 2,652 applications). This is higher than the acceptance rate of 2019, which was 64.9%. Between 2019 and 2020, the number of applicants declined by −2.25%, while admissions grew by 4.43%.

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

SAT Scores

62%

Submission Percentage

167

Scores Submitted

62% of enrolled first-time students at Averett University 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.

Enrollment

Averett University has a total enrollment of 887 students. The full-time enrollment at Averett University is 863 students and the part-time enrollment is 24. This means that 97.3% of students enrolled at Averett University are enrolled full-time.

The enrolled student population at Averett University, both undergraduate and graduate, is 53.8% White, 28.1% Black or African American, 4.96% Two or More Races, 3.61% Hispanic or Latino, 1.01% Asian, 0.789% American Indian or Alaska Native, and 0.338% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Averett University in full-time Undergraduate programs are most commonly White Female (27%), followed by White Male (26.7%) and Black or African American Male (19%). 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

97.3%

Full-Time Enrollment

The total enrollment at Averett University, both undergraduate and graduate, is 887 students. The full-time enrollment at Averett University is 863 and the part-time enrollment is 24. This means that 97.3% of students enrolled at Averett University are enrolled full-time compared with 80.1% at similar Baccalaureate Colleges.

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

Retention Rate over Time

59%

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 Averett University was 59%. Compared with the full-time retention rate at similar Baccalaureate Colleges (73%), Averett University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

White
477
Black or African American
249
Two or More Races
44

The enrolled student population at Averett University is 53.8% White, 28.1% Black or African American, 4.96% Two or More Races, 3.61% Hispanic or Latino, 1.01% Asian, 0.789% American Indian or Alaska Native, and 0.338% 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, 3 students (0.338%) did not report their race.

Graduates

In 2020, 3 more women than men received degrees from Averett University. The most common race/ethnicity group of degree recipients at Averett University is white (122 degrees awarded). There were 3.21 times more white graduates than the next closest race/ethnicity group, black or african american (38 degrees).

The most common Bachelor's Degree concentration at Averett University is Pre-Medical Studies (18 degrees awarded), followed by Accounting (16 degrees) and Management Science (15 degrees).

The most specialized majors across all degree types at Averett University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (31 degrees awarded), Transportation (9 degrees), and Agriculture (6 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Elementary & middle school teachers (1,701,967 people), Secondary school teachers (379,465 people), Education administrators (249,824 people), Special education teachers (154,763 people), and Other managers (148,738 people).

The most specialized majors at Averett University are Parks, Recreation, & Leisure (31 degrees awarded), Transportation (9 degrees), Agriculture (6 degrees), Protective Services (12 degrees), and Education (17 degrees).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Physicians, Surgeons, Other financial specialists, Nuclear medicine technologists and medical dosimetrists, and Nurse anesthetists

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 Averett University are Elementary & secondary schools (2,722,044 people), Justice, public order, & safety activities (347,635 people), Colleges, universities & professional schools, including junior colleges (261,904 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (176,129 people), and Construction (97,642 people).

Majors Awarded

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

Most Common

Pre-Medical Studies
18 degree-majorss awarded
Accounting
16 degree-majorss awarded
Management Science
15 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Averett University was Pre-Medical Studies with 18 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2020

Degrees Awarded to Women

in 2020

In 2020, 96 degrees were awarded to men at Averett University, which is 0.97 times less than the number of degrees awarded to females (99).

This chart displays the sex disparity between the top 5 majors at Averett University by degrees awarded.

Most Common Male Majors

In 2020, 11 degrees were awarded to men at Averett University in Sport & Fitness Management, which is 11 times more than the 1 female recipients with that same degree.

Most Common Female Majors

In 2020, 12 degrees were awarded to women at Averett University in Pre-Medical Studies, which is 2 times more than the 6 male recipients with that same degree.

Time to Complete

36%

100% Completion Time

42%

150% Completion Time

In 2020, 36% of students graduating from Averett University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 42% completed their degrees within 150% of the normal time, and 42% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Averett University is Male and American Indian or Alaska Native (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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity

White
122 degrees awarded
Black or African American
38 degrees awarded
Hispanic or Latino
14 degrees awarded

The most common race/ethnicity at Averett University is white (122 degrees awarded). There were 3.21 times more white recipients than the next closest race/ethnicity group, black or african american (38 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic

White Female
66 degrees awarded
White Male
56 degrees awarded
Black or African American Male
22 degrees awarded

The most common race/ethnicity and sex grouping at Averett University is white female (66 degrees awarded). There were 1.18 times more white female recipients than the next closest race/ethnicity group, white male (56 degrees).

Operations

Averett University has an endowment valued at nearly $26.1M, as of the end of the 2020 fiscal year. The return on its endowment was of $129k (0.492%), compared to the 2.06% average return ($820k on $39.8M) across all Baccalaureate Colleges.

In 2020, Averett University had a total salary expenditure of $28.4M. Averett University employs 21 Assistant professors, 18 Associate professors, and 13 Professors. Most academics at Averett University are Female Associate professors (12), Male Assistant professors(11), and Female Assistant professors (10).

The most common positions for non-instructional staff at Averett University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 29 employees, Management, with 26 employees, and Office and Administrative Support with 19 employees.

Endowment

$26.1M

2020 Endowment

0.321%

decline from 2019

Averett University has an endowment valued at about $26.1M, as of the end of the 2020 fiscal year. The endowment of Averett University declined 0.321% from the previous year. The value of their endowment was $13.7M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Averett University (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

$3.48M - Federal
$0 - State
$0 - Local

As of 2020, Averett University received $3.48M in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

Salary Expenditure

$10.5M

2020 Salaries

0.421%

decline from 2019

In 2020, Averett University paid a median of $10.5M in salaries, which represents 36.9% of their overall expenditure ($28.4M) and a 0.421% decline from the previous year. This is compared to a 2.28% growth from 2018 and a 6.29% growth from 2017.

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

Instructional Salaries

$2.99M

Instructional Salaries

Number of Employees

In 2020, Averett University paid a total of $2.99M to 55 employees working as instructors, which represents 28.5% of all salaries paid.

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

Occupations by Share

Assistant professor

Most Common Instructor

21 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

29 Employees

In 2020, the most common positions for instructional staff at Averett University were Assistant professor with 21 employees; Associate professor with 18 employees; and Associate professor with 13 employees.

In 2020, the most common positions for non-instructional staff at Averett University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 29 employees; Management with 26 employees; and Office and Administrative Support with 19 employees.

Instructors by Academic Rank and Sex

Most Common Demographic

Female Associate professor
Male Assistant professor
Female Assistant professor

In 2020, the most common demographic for instructional staff at Averett University was Female Associate professor with 12 employees, Male Assistant professor with 11 employees, and Female Assistant professor with 10 employees.

This chart shows the sex split between each academic rank present at Averett University.