Cornerstone University

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2019 Undergraduate Tuition
$25,360
3.51% growth from 2018
2019 Average Net Price
$19,923
After Financial Aid
2017 Student Loan
8.89%
Default Rate
2019 Acceptance Rate
77.6%
2,519 Applicants
2019 Enrolled Students
1,998
53.8% Full-Time
2018 Graduation Rate
57.9%
180 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 (103 degrees awarded), General Psychology (37 degrees), and Kinesiology & Exercise Science (25 degrees).

In 2019, 658 degrees were awarded across all undergraduate and graduate programs at Cornerstone University. 58.5% of these degrees were awarded to women, and 41.5% awarded men. The most common race/ethnicity group of degree recipients was white (496 degrees), 6.89 times more than then the next closest race/ethnicity group, black or african american (72 degrees).

The median undergraduate tuition at Cornerstone University is $25,360, which is $3,334 more than the national average for Masters Colleges and Universities ($22,027).

Costs

The median undergraduate tuition at Cornerstone University is $25,360, which is $3,334 more than the national average for Masters Colleges and Universities ($22,027).

After taking grants and loans into account, the average net price for students is $19,923.

In 2019, 84% of undergraduate students received federal grants, while 72% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$25,360
2019 Undergraduate Tuition

In 2019, the cost of tuition at Cornerstone University was $25,360. The cost of tuition at Cornerstone University is $3,334 more than than the overall (public and private) national average for Masters Colleges and Universities ($22,027).

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Average Net Price

$19,923
2019 Value
2.63%
1 Year Growth

In 2019 Cornerstone University had an average net price — the price paid after factoring in grants and loans — of $19,923. Between 2018 and 2019, the average net price of Cornerstone University grew by 2.63%.

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

$9,300
Room and Board
$800
Books and Supplies

The average yearly cost of room and board at Cornerstone University was of $9,300 in 2019. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 2.99% between 2018 and 2019. The cost of books and supplies decreased by 20% during the same period.

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Financial Aid

Financial Aid by Income Level

84%
Of Undergraduates Receive Grants
72%
Of Undergraduates Receive Federal Loans

84% of undergraduate students at Cornerstone University received grants or loans in 2019. This represents a decline of 4.55% with respect to 2018, when 88% 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.
8.89%
2017 Default Rate
69
Number of Defaults

In 2017 the default rate for borrower's at Cornerstone University was 8.89%, which represents 69 out of the 776 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 2,519 undergraduate applications in 2019, which represents a 7.8% annual decline. Out of those 2,519 applicants, 1,954 students were accepted for enrollment, representing a 77.6% acceptance rate.

There were 1,998 students enrolled at Cornerstone University in 2019, and 88% of first-time enrollees submitted SAT scores with their applications.

Cornerstone University has an overall enrollment yield of 15.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

77.6%
Acceptance Rate in 2019
1,954
Accepted Out of 2,519

In 2019, the undergraduate acceptance rate of Cornerstone University was 77.6% (1,954 admissions from 2,519 applications). This is higher than the acceptance rate of 2018, which was 73.4%. Between 2018 and 2019, the number of applicants declined by -7.8%, while admissions declined by -2.54%.

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SAT Scores

88%
Submission Percentage
265
Scores Submitted

88% of enrolled first-time students at Cornerstone University in 2019 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 1,998 students. The full-time enrollment at Cornerstone University is 1,074 students and the part-time enrollment is 924. This means that 53.8% of students enrolled at Cornerstone University are enrolled full-time.

The enrolled student population at Cornerstone University, both undergraduate and graduate, is 76.3% White, 11.2% Black or African American, 4.7% Hispanic or Latino, 1.8% Asian, 1.7% Two or More Races, 0.25% American Indian or Alaska Native, and 0.1% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Cornerstone University in full-time Undergraduate programs are most commonly White Female (49.8%), followed by White Male (30.7%) and Hispanic or Latino Female (2.94%). Students enrolled in full-time Graduate programs are most commonly White Male (51.9%), followed by White Female (38.9%) and Black or African American Male (3.7%).

Full-Time vs Part-Time Enrollment

53.8%
Full-Time Enrollment

The total enrollment at Cornerstone University, both undergraduate and graduate, is 1,998 students. The full-time enrollment at Cornerstone University is 1,074 and the part-time enrollment is 924. This means that 53.8% of students enrolled at Cornerstone University are enrolled full-time compared with 69.2% 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

79%
2019 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 79%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), 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
    1,525
  2. Black or African American
    224
  3. Hispanic or Latino
    94

The enrolled student population at Cornerstone University is 76.3% White, 11.2% Black or African American, 4.7% Hispanic or Latino, 1.8% Asian, 1.7% Two or More Races, 0.25% American Indian or Alaska Native, and 0.1% 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 53.3% White, 16% Hispanic or Latino, and 12.9% 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 2019, 112 more women than men received degrees from Cornerstone University. The most common race/ethnicity group of degree recipients at Cornerstone University is white (496 degrees awarded). There were 6.89 times more white graduates than the next closest race/ethnicity group, black or african american (72 degrees).

The most common Bachelor's Degree concentration at Cornerstone University is General Business Administration & Management (103 degrees awarded), followed by General Psychology (37 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 (75 degrees awarded), Psychology (91 degrees), and Parks, Recreation, & Leisure (33 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 (1,017,464 people), Other managers (864,565 people), Financial managers (525,030 people), Chief executives & legislators (432,560 people), and Elementary & middle school teachers (318,416 people).

The most specialized majors at Cornerstone University are Theology (75 degrees awarded), Psychology (91 degrees), Parks, Recreation, & Leisure (33 degrees), Business (256 degrees), and Communications (33 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, Computer hardware engineers, Physicians, Dentists, and Aircraft pilots & flight engineers

The most specialized majors at Cornerstone University are Theology (75 degrees awarded), Psychology (91 degrees), Parks, Recreation, & Leisure (33 degrees), Business (256 degrees), and Communications (33 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 (968,037 people), Colleges, universities & professional schools, including junior colleges (617,008 people), Computer Systems Design (592,508 people), Banking & related activities (533,293 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (510,152 people).

The most specialized majors at Cornerstone University are Theology (75 degrees awarded), Psychology (91 degrees), Parks, Recreation, & Leisure (33 degrees), Business (256 degrees), and Communications (33 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. 103 degree-majorss awarded
  2. 37 degree-majorss awarded
  3. 25 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Cornerstone University was General Business Administration & Management with 103 degrees awarded.

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

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Gender Breakdown for Common Majors

273
Degrees Awarded to Men
in 2019
385
Degrees Awarded to Women
in 2019

In 2019, 273 degrees were awarded to men at Cornerstone University, which is 0.709 times less than the number of degrees awarded to females (385).

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 2019, 47 degrees were awarded to men at Cornerstone University in General Business Administration & Management, which is 0.547 times less than the 86 female recipients with that same degree.

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Most Common Female Majors

In 2019, 86 degrees were awarded to women at Cornerstone University in General Business Administration & Management, which is 1.83 times more than the 47 male recipients with that same degree.

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Time to Complete

37%
100% Completion Time
53%
150% Completion Time

In 2019, 37% of students graduating from Cornerstone University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 53% completed their degrees within 150% of the normal time, and 54% 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.
American Indian or Alaska Native Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Cornerstone University is Female and American Indian or Alaska Native (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (69.1%).

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
    496 degrees awarded
  2. Black or African American
    72 degrees awarded
  3. Hispanic or Latino
    36 degrees awarded

The most common race/ethnicity at Cornerstone University is white (496 degrees awarded). There were 6.89 times more white recipients than the next closest race/ethnicity group, black or african american (72 degrees).

0.152% 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
    286 degrees awarded
  2. White Male
    210 degrees awarded
  3. Black or African American Female
    47 degrees awarded

The most common race/ethnicity and gender grouping at Cornerstone University is white female (286 degrees awarded). There were 1.36 times more white female recipients than the next closest race/ethnicity group, white male (210 degrees).

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Operations

Cornerstone University has an endowment valued at nearly $10.4M, as of the end of the 2019 fiscal year. The return on its endowment was of $189k (1.81%), compared to the 4.44% average return ($1.71M on $38.5M) across all Masters Colleges and Universities.

In 2019, Cornerstone University had a total salary expenditure of $39.3M. Cornerstone University employs 27 Assistant professors, 21 Professors, and 17 Associate professors. Most academics at Cornerstone University are Male Professors (18), Female Assistant professors(14), and Male Assistant professors (13).

The most common positions for non-instructional staff at Cornerstone University are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 49 employees, Management, with 47 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 32 employees.

Finances

Endowment

$10.4M
2019 Endowment
1.16%
decline from 2018

Cornerstone University has an endowment valued at about $10.4M, as of the end of the 2019 fiscal year. The endowment of Cornerstone University declined 1.16% from the previous year. The value of their endowment was $28.1M 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. $281k - Federal
  2. $0 - State
  3. $0 - Local

As of 2019, Cornerstone University received $281k 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

$16.9M
2019 Salaries
0.558%
decline from 2018

In 2019, Cornerstone University paid a median of $16.9M in salaries, which represents 43% of their overall expenditure ($39.3M) and a 0.558% decline from the previous year. This is compared to a 2.89% growth from 2017 and a 1.68% decline from 2016.

The median for similar Masters Colleges and Universities is 34.1M (40.6% of overall expenditures).

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Instructional Salaries

$3.69M
Instructional Salaries
66
Number of Employees

In 2019, Cornerstone University paid a total of $3.69M to 66 employees working as instructors, which represents 21.8% of all salaries paid.

This is compared to a median of $11.2M (32.7%) for similar Masters Colleges and Universities.

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Faculty and Staff

Occupations by Share

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

In 2019, the most common positions for instructional staff at Cornerstone University were Assistant professor with 27 employees; Professor with 21 employees; and Professor with 17 employees.

In 2019, the most common positions for non-instructional staff at Cornerstone University were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 49 employees; Management with 47 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 32 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 2019, the most common demographic for instructional staff at Cornerstone University was Male Professor with 18 employees, Female Assistant professor with 14 employees, and Male Assistant professor with 13 employees.

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

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