Cornerstone University

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2017 Undergraduate Tuition

$27,150

2.49% growth from 2016

2017 Average Net Price

$20,475

After Financial Aid

2016 Student Loan

5.98%

Default Rate

2017 Acceptance Rate

67.4%

2,737 Applicants

2017 Enrolled Students

2,361

65.7% Full-Time

2017 Graduation Rate

53.2%

164 Graduates

About

Cornerstone University is a higher education institution located in Kent County, MI. In 2016, the most popular Bachelor's Degree concentrations at Cornerstone University were General Business Administration & Management (100 degrees awarded), General Psychology (32 degrees), and Kinesiology & Exercise Science (25 degrees).

In 2017, 586 degrees were awarded across all undergraduate and graduate programs at Cornerstone University. 55.8% of these degrees were awarded to women, and 44.2% awarded men. The majority of degree recipients were white (457 degrees), 5.78 times more than then the next closest race/ethnicity group, black or african american (79 degrees).

The median undergraduate tuition at Cornerstone University is $27,150, which is $6,417 more than the national average for Masters Colleges and Universities ($20,733).

Costs

The median undergraduate tuition at Cornerstone University is $27,150, which is $6,417 more than the national average for Masters Colleges and Universities ($20,733).

After taking grants and loans into account, the average net price for students is $20,475.

In 2017, 86% of undergraduate students received federal grants, while 73% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$27,150

2017 Undergraduate Tuition

In 2017, the cost of tuition at Cornerstone University was $27,150. The cost of tuition at Cornerstone University is $6,417 more than than the overall (public and private) national average for Masters Colleges and Universities ($20,733).

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Average Net Price

$20,475

2017 Value

2.89%

1 Year Growth

In 2017 Cornerstone University had an average net price — the price paid after factoring in grants and loans — of $20,475. Between 2016 and 2017, the average net price of Cornerstone University grew by 2.89%.

This chart compares the average net price of Cornerstone 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.

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Other Student Expenses

$8,810

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Cornerstone University was of $8,810 in 2017. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 2.92% between 2016 and 2017. The cost of books and supplies increased by 25% during the same period.

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Financial Aid

Financial Aid by Income Level

86%

Of Undergraduates Receive Grants

73%

Of Undergraduates Receive Federal Loans

86% of undergraduate students at Cornerstone University received grants or loans in 2017. This represents a growth of 2.38% with respect to 2016, when 84% of undergraduate students received financial aid.

This chart compares the average award discount at Cornerstone 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.

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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.

5.98%

2016 Default Rate

52

Number of Defaults

In 2016 the default rate for borrower's at Cornerstone University was 5.98%, which represents 52 out of the 870 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

Cornerstone University received 2,737 undergraduate applications in 2017, which represents a 5.46% annual decline. Out of those 2,737 applicants, 1,844 students were accepted for enrollment, representing a 67.4% acceptance rate.

There were 2,361 students enrolled at Cornerstone University in 2017, and 65% of first-time enrollees submitted SAT scores with their applications.

Cornerstone University has an overall enrollment yield of 15.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

67.4%

Acceptance Rate in 2017

1,844

Accepted Out of 2,737

In 2017, the undergraduate acceptance rate of Cornerstone University was 67.4% (1,844 admissions from 2,737 applications). This is higher than the acceptance rate of 2016, which was 63.5%. Between 2016 and 2017, the number of applicants declined by -5.46%, while admissions grew by 0.381%.

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

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SAT Scores

65%

Submission Percentage

184

Scores Submitted

65% of enrolled first-time students at Cornerstone University in 2017 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

Cornerstone University has a total enrollment of 2,361 students. The full-time enrollment at Cornerstone University is 1,551 students and the part-time enrollment is 810. This means that 65.7% of students enrolled at Cornerstone University are enrolled full-time.

The enrolled student population at Cornerstone University, both undergraduate and graduate, is 76.4% White, 13% Black or African American, 4.74% Hispanic or Latino, 1.91% Asian, 0.508% Two or More Races, 0.296% American Indian or Alaska Native, and 0.0847% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Cornerstone University in full-time Undergraduate programs are majority White Female (47.9%), followed by White Male (32.2%) and Black or African American Female (4.68%). Students enrolled in full-time Graduate programs are majority White Female (43.3%), followed by White Male (35.1%) and Black or African American Female (8.25%).

Full-Time vs Part-Time Enrollment

65.7%

Full-Time Enrollment

The total enrollment at Cornerstone University, both undergraduate and graduate, is 2,361 students. The full-time enrollment at Cornerstone University is 1,551 and the part-time enrollment is 810. This means that 65.7% of students enrolled at Cornerstone University are enrolled full-time compared with 68.6% at similar Masters Colleges and Universities.

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

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Retention Rate over Time

77%

2017 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 Cornerstone University was 77%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Cornerstone University had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    1,804

  2. Black or African American

    307

  3. Hispanic or Latino

    112

The enrolled student population at Cornerstone University is 76.4% White, 13% Black or African American, 4.74% Hispanic or Latino, 1.91% Asian, 0.508% Two or More Races, 0.296% American Indian or Alaska Native, and 0.0847% 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 Masters Colleges and Universities is 54.4% White, 15% 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, 0 students (0%) did not report their race.

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Graduates

In 2017, 68 more women than men received degrees from Cornerstone University. The majority of degree recipients at Cornerstone University are white (457 degrees awarded). There were 5.78 times more white graduates than the next closest race/ethnicity group, black or african american (79 degrees).

The most common Bachelor's Degree concentration at Cornerstone University is General Business Administration & Management (100 degrees awarded), followed by General Psychology (32 degrees) and Kinesiology & Exercise Science (25 degrees).

The most specialized majors across all degree types at Cornerstone University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (102 degrees awarded), Parks, Recreation, & Leisure (32 degrees), and Psychology (68 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Cornerstone University are Accountants & auditors (1,102,283 people), Other managers (688,737 people), Financial managers (434,635 people), Elementary & middle school teachers (380,847 people), and Chief executives & legislators (334,174 people).

The most specialized majors at Cornerstone University are Theology (102 degrees awarded), Parks, Recreation, & Leisure (32 degrees), Psychology (68 degrees), Public Administration and Social Service (29 degrees), and Business (208 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 Cornerstone University are Surgeons, Nurse anesthetists, Physicians, Dentists, and Magnetic resonance imaging technologists

The most specialized majors at Cornerstone University are Theology (102 degrees awarded), Parks, Recreation, & Leisure (32 degrees), Psychology (68 degrees), Public Administration and Social Service (29 degrees), and Business (208 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 Cornerstone University are Elementary & secondary schools (871,088 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (543,496 people), Banking & related activities (511,237 people), Colleges, universities & professional schools, including junior colleges (500,360 people), and Computer Systems Design (443,314 people).

The most specialized majors at Cornerstone University are Theology (102 degrees awarded), Parks, Recreation, & Leisure (32 degrees), Psychology (68 degrees), Public Administration and Social Service (29 degrees), and Business (208 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 Cornerstone University.

Most Common

  1. 100 degrees awarded

  2. 32 degrees awarded

  3. 25 degrees awarded

In 2017, the most common bachelors degree concentration at Cornerstone University was General Business Administration & Management with 100 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 259

  2. 327

In 2017, 259 degrees were awarded to men at Cornerstone University, which is 0.792 times less than the number of degrees awarded to females (327).

This chart displays the gender disparity between the top 5 majors at Cornerstone University by degrees awarded.

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Most Common Male Majors

In 2017, 80 degrees were awarded to men at Cornerstone University in General Business Administration & Management, which is 0.87 times less than the 92 female recipients with that same degree.

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Most Common Female Majors

In 2017, 92 degrees were awarded to women at Cornerstone University in General Business Administration & Management, which is 1.15 times more than the 80 male recipients with that same degree.

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Time to Complete

43%

100% Completion Time

61%

150% Completion Time

In 2017, 43% of students graduating from Cornerstone University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 61% 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 Masters Colleges and Universities 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 Gender

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (58.3%)

The student demographic with the highest graduation rate at Cornerstone University is Female and White (58.3% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (68.1%).

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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    457 degrees awarded

  2. Black or African American

    79 degrees awarded

  3. Hispanic or Latino

    15 degrees awarded

The most common race/ethnicity at Cornerstone University is white (457 degrees awarded). There were 5.78 times more white recipients than the next closest race/ethnicity group, black or african american (79 degrees).

0.171% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    262 degrees awarded

  2. White Male

    195 degrees awarded

  3. Black or African American Female

    44 degrees awarded

The most common race/ethnicity and gender grouping at Cornerstone University is white female (262 degrees awarded). There were 1.34 times more white female recipients than the next closest race/ethnicity group, white male (195 degrees).

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Operations

Cornerstone University has an endowment valued at nearly $9.5M, as of the end of the 2017 fiscal year. The return on its endowment was of $943k (9.93%), compared to the 6.94% average return ($2.3M on $33.1M) across all Masters Colleges and Universities.

In 2017, Cornerstone University had a total salary expenditure of $41.2M. Cornerstone University employs 23 Professors, 23 Assistant professors, and 14 Associate professors. Most academics at Cornerstone University are Male Professors (19), Female Assistant professors(13), and Male Assistant professors (10).

The most common positions for non-instructional staff at Cornerstone University are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 50 employees, Management, with 48 employees, and Office and Administrative Support with 27 employees.

Finances

Endowment

$9.5M

2017 Endowment

12.6%

growth from 2016

Cornerstone University has an endowment valued at about $9.5M, as of the end of the 2017 fiscal year. The endowment of Cornerstone University grew 12.6% from the previous year. The value of their endowment was $23.6M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Cornerstone University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts

  1. $251k - Federal

  2. $0 - State

  3. $0 - Local

As of 2017, Cornerstone University received $251k in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$16.5M

2017 Salaries

1.68%

decline from 2016

In 2017, Cornerstone University paid a median of $16.5M in salaries, which represents 40.2% of their overall expenditure ($41.2M) and a 1.68% decline from the previous year. This is compared to a 0.494% decline from 2015 and a 4.24% growth from 2014.

The median for similar Masters Colleges and Universities is 31.4M (40.5% of overall expenditures).

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Instructional Salaries

$3.3M

Instructional Salaries

62

Number of Employees

In 2017, Cornerstone University paid a total of $3.3M to 62 employees working as instructors, which represents 20% of all salaries paid.

This is compared to a median of $16.8M (34%) for similar Masters Colleges & Universities: Larger Programs.

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Faculty and Staff

Occupations by Share

Professor

Most Common Instructor

23 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

50 Employees

In 2017, the most common positions for instructional staff at Cornerstone University were Professor with 23 employees; Assistant professor with 23 employees; and Assistant professor with 14 employees.

In 2017, the most common positions for non-instructional staff at Cornerstone University were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 50 employees; Management with 48 employees; and Office and Administrative Support with 27 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Female Assistant professor

  3. Male Assistant professor

In 2017, the most common demographic for instructional staff at Cornerstone University was Male Professor with 19 employees, Female Assistant professor with 13 employees, and Male Assistant professor with 10 employees.

This chart shows the gender split between each academic rank present at Cornerstone University.

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