Elon University

www.elon.edu

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2022 Undergraduate Tuition

$41,734

9.2% growth from 2021

2022 Average Net Price

$41,527

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

74.5%

17,551 Applicants

2022 Enrolled Students

7,123

96.7% Full-Time

2022 Graduation Rate

83.3%

1,293 Graduates

About

Elon University is a higher education institution located in Alamance County, NC. In 2022, the most popular Bachelors Degree concentrations at Elon University were General Finance (152 degrees awarded), General Marketing & Marketing Management (122 degrees), and General Psychology (111 degrees).

In 2022, 2,099 degrees were awarded across all undergraduate and graduate programs at Elon University. 63.3% of these degrees were awarded to women, and 36.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,662 degrees), 12.4 times more than then the next closest race/ethnicity group, black or african american (134 degrees).

The median undergraduate tuition at Elon University is $41,734, which is $17,738 more than the national average for Masters Colleges and Universities ($23,996).

In 2020 the default rate for borrower's at Elon University was 0%, corresponding to 0 out of the 849 total borrowers.

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2022, the median undergraduate tuition at Elon University is $41,734, which is $17,738 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $41,527.

In 2022, 67% of undergraduate students attending Elon University received financial aid through grants. Comparatively, 25% of undergraduate students received financial aid through loans.

Tuition Costs

$41,734

2022 Undergraduate Tuition

In 2022, the cost of tuition at Elon University was $41,734. The cost of tuition at Elon University is $17,738 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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

Average Net Price

$41,527

2022 Value

2.88%

1 Year Growth

In 2022 Elon University had an average net price — the price paid after factoring in grants and loans — of $41,527. Between 2021 and 2022, the average net price of Elon University grew by 2.88%.

This chart compares the average net price of Elon 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

$13,422

Room and Board

$900

Books and Supplies

The average yearly cost of room and board at Elon University was of $13,422 in 2022. The cost of room and board increased by 2.14% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $900. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

67%

Undergraduates Receiving Financial Aid through Grants

25%

Undergraduates Receiving Financial Aid through Loans

67% of undergraduate students at Elon University received financial aid through grants or loans in 2022. This represents a growth of 4.69% with respect to 2021, when 64% of undergraduate students received financial aid.

This chart compares the average award discount at Elon 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Elon University was 0%, which represents 0 out of the 849 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

Elon University received 17,551 undergraduate applications in 2022, which represents a 1.59% annual growth. Out of those 17,551 applicants, 13,069 students were accepted for enrollment, representing a 74.5% acceptance rate.

There were 7,123 students enrolled at Elon University in 2022. 2% of first-time enrollees submitted SAT scores with their applications.

Elon University has an overall enrollment yield of 12.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.5%

Acceptance Rate in 2022

13,069

Accepted Out of 17,551

In 2022, the undergraduate acceptance rate of Elon University was 74.5% (13,069 admissions from 17,551 applications). This is lower than the acceptance rate of 2021, which was 77.7%. Between 2021 and 2022, the number of applicants declined by 1.59%, while admissions declined by 5.7%.

This chart compares the acceptance rate of Elon University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

Submission Percentage (2022)

Scores Submitted (2022)

2% of enrolled first-time students at Elon University in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Elon University had a total enrollment of 7,123 students in 2022. The full-time enrollment at Elon University is 6,891 students and the part-time enrollment is 232. This means that 96.7% of students enrolled at Elon University are enrolled full-time.

The enrolled student population at Elon University, both undergraduate and graduate, is 78% White, 6.42% Hispanic or Latino, 6.4% Black or African American, 2.91% Two or More Races, 2.33% Asian, 0.183% American Indian or Alaska Native, and 0.014% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Elon University in full-time Undergraduate programs are most commonly White Female (47.6%), followed by White Male (31.8%) and Hispanic or Latino Female (3.65%). Students enrolled in full-time Graduate programs are most commonly White Female (43.4%), followed by White Male (26.2%) and Black or African American Female (8.97%).

Full-Time vs Part-Time Enrollment

96.7%

Full-Time Enrollment

The total enrollment at Elon University in 2022, both undergraduate and graduate, is 7,123 students. The full-time enrollment at Elon University is 6,891 and the part-time enrollment is 232. This means that 96.7% of students enrolled at Elon University are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

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

Retention Rate over Time

90%

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 Elon University was 90%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Elon University had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
5,553 enrolled students
Hispanic or Latino
457 enrolled students
Black or African American
456 enrolled students

The enrolled student population at Elon University is 78% White, 6.42% Hispanic or Latino, 6.4% Black or African American, 2.91% Two or More Races, 2.33% Asian, 0.183% American Indian or Alaska Native, and 0.014% 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 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 112 students (1.57%) did not report their race.

Graduates

In 2022, 557 more women than men received degrees from Elon University. The most common race/ethnicity group of degree recipients at Elon University is white (1,662 degrees awarded). There were 12.4 times more white recipients than the next closest race/ethnicity group, black or african american (134 degrees).

The most common Bachelor's Degree concentration at Elon University is General Finance (152 degrees awarded), followed by General Marketing & Marketing Management (122 degrees) and General Psychology (111 degrees).

In 2022, the most specialized majors across all degree types at Elon University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (127 degrees awarded), Parks, Recreation, & Leisure (108 degrees), and Philosophy and Religious Studies (15 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Elon University are Lawyers, & judges, magistrates, & other judicial workers (362,329 people), Other managers (316,106 people), Elementary & middle school teachers (218,675 people), Postsecondary teachers (170,078 people), and Chief executives & legislators (133,008 people).

The most specialized majors at Elon University in 2022 are Legal (127 degrees awarded), Parks, Recreation, & Leisure (108 degrees), Philosophy and Religious Studies (15 degrees), Social Sciences (149 degrees), and Visual & Performing Arts (110 degrees) (as of 2022).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Elon University are Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Dentists

The most specialized majors at Elon University are Legal (127 degrees awarded), Parks, Recreation, & Leisure (108 degrees), Philosophy and Religious Studies (15 degrees), Social Sciences (149 degrees), and Visual & Performing Arts (110 degrees) (as of 2022).

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 Elon University are Elementary & secondary schools (514,561 people), Colleges, universities & professional schools, including junior colleges (390,293 people), Legal services (305,612 people), Computer Systems Design (252,839 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (218,839 people).

Majors Awarded

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

Most Common (2022)

General Finance
152 degrees awarded
General Marketing & Marketing Management
122 degrees awarded
General Psychology
111 degrees awarded

In 2022, the most common bachelors degree concentration at Elon University was General Finance with 152 degrees awarded.

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

Sex Breakdown for Common Majors

771

Degrees Awarded to Men

in 2022

1,328

Degrees Awarded to Women

in 2022

In 2022, 771 degrees were awarded to men at Elon University, which is 0.581 times less than the number of degrees awarded to females (1,328).

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

Most Common Male Majors

In 2022, 104 degrees were awarded to men at Elon University in General Finance, which is 2.17 times more than the 48 female recipients with that same degree.

Most Common Female Majors

In 2022, 91 degrees were awarded to men at Elon University in General Psychology, which is 4.55 times more than the 20 male recipients with that same degree.

Time to Complete

79%

100% Completion Time

83%

150% Completion Time

In 2022, 79% of students graduating from Elon University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 83% completed their degrees within 150% of the normal time, and 83% 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.

Graduation Rate by Race and Sex

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 in 2022 at Elon 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 (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, 0.232% of graduates (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
1,662 degrees awarded
Black or African American
134 degrees awarded
Hispanic or Latino
120 degrees awarded

The most common race/ethnicity at Elon University is white (1,662 degrees awarded). There were 12.4 times more white recipients than the next closest race/ethnicity group, black or african american (134 degrees).

0.858% of degree recipients (18 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
1,047 degrees awarded
White Male
615 degrees awarded
Black or African American Female
79 degrees awarded

The most common race/ethnicity and sex grouping at Elon University is white female (1,047 degrees awarded). There were 1.7 times more white female recipients than the next closest race/ethnicity group, white male (615 degrees).

Operations

Elon University has an endowment valued at nearly $318M, as of the end of the 2022 fiscal year. The return on its endowment was of −14M (−4.39%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Elon University had a total salary expenditure of 258M. Elon University employs 169 Associate professors, 133 Assistant professors and 93 Professors. Most academics at Elon University are Male Associate professor (87), Female Associate professor (82), and Female Assistant professor (72).

The most common positions for non-instructional staff at Elon University are: Service, with 168 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 149 employees, and Management with 126 employees.

Endowment

$318M

2022 Endowment

3.46%

decline from 2021

Elon University has an endowment valued at about $318M, as of the end of the 2022 fiscal year. The endowment of Elon University declined 3.46% from the previous year. The value of their endowment was $271M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Elon 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: Medium Programs Carnegie Classification grouping.

Salary Expenditure

$107M

2022 Salaries

1.45%

growth from 2021

In 2022, Elon University paid a median of $107M in salaries, which represents 41.7% of their overall expenditure ($258M) and a 1.45% growth from the previous year. This is compared to a 0.109% growth between 2020 and 2021, and a 3.63% growth between 2019 and 2020.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$41.9M

Instructional Salaries

480

Number of Employees

In 2022, Elon University paid a total of $41.9M to 480 employees working as instructors, which represents 39.1% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

169 Employees

Service

Most Common Non-Instructional Employee

168 Employees

In 2022, the most common positions for instructional staff at Elon University were Associate professor with 169 employees, Assistant professor with 133 employees, and Professor with 93 employees.

In 2022, the most common positions for non-instructional staff at Elon University were Service with 168 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 149 employees, and Management with 126 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Associate professor
Female Associate professor
Female Assistant professor

In 2022, the most common demographic for instructional staff at Elon University was Male Associate professor with 87 employees, Female Associate professor with 82 employees, and Female Assistant professor with 72 employees.

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

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