Finlandia University

www.finlandia.edu

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2022 Undergraduate Tuition

$25,436

6.09% growth from 2021

2022 Average Net Price

$20,539

After Financial Aid

2019 Default Rate

3.09%

on Student Loans

2022 Acceptance Rate

66.6%

1,385 Applicants

2022 Enrolled Students

450

89.1% Full-Time

2022 Graduation Rate

24.2%

24 Graduates

About

Finlandia University is a higher education institution located in Houghton County, MI. In 2022, the most popular Bachelors Degree concentrations at Finlandia University were Registered Nursing (23 degrees awarded), Other Business Administration, Management, & Operations (10 degrees), and Criminal Justice - Police Science (8 degrees).

In 2022, 85 degrees were awarded across all undergraduate and graduate programs at Finlandia University. 61.2% of these degrees were awarded to women, and 38.8% awarded men. The most common race/ethnicity group of degree recipients was white (52 degrees), 17.3 times more than then the next closest race/ethnicity group, two or more races (3 degrees).

The median undergraduate tuition at Finlandia University is $25,436, which is $−2,742 less than the national average for Baccalaureate Colleges ($28,178).

In 2019 the default rate for borrower's at Finlandia University was 3.09%, corresponding to 5 out of the 162 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Finlandia University is $25,436.

After taking grants and loans into account, the average net price for students is $20,539.

In 2022, 94% of undergraduate students attending Finlandia University received financial aid through grants. Comparatively, 82% of undergraduate students received financial aid through loans.

Tuition Costs

$25,436

2022 Undergraduate Tuition

In 2022, the cost of tuition at Finlandia University was $25,436.

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

Average Net Price

$20,539

2022 Value

68.2%

1 Year Growth

In 2022 Finlandia University had an average net price — the price paid after factoring in grants and loans — of $20,539. Between 2021 and 2022, the average net price of Finlandia University grew by 68.2%.

This chart compares the average net price of Finlandia 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

$7,693

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Finlandia University was of $7,693 in 2022. The cost of room and board increased by 1.52% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

94%

Undergraduates Receiving Financial Aid through Grants

82%

Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Finlandia University received financial aid through grants or loans in 2022. This represents a decline of 6% with respect to 2021, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Finlandia 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.

3.09%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Finlandia University was 3.09%, which represents 5 out of the 162 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

Finlandia University received 1,385 undergraduate applications in 2022, which represents a 24.6% annual growth. Out of those 1,385 applicants, 922 students were accepted for enrollment, representing a 66.6% acceptance rate.

There were 450 students enrolled at Finlandia University in 2022. 75% of first-time enrollees submitted SAT scores with their applications.

Finlandia University has an overall enrollment yield of 12.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66.6%

Acceptance Rate in 2022

922

Accepted Out of 1,385

In 2022, the undergraduate acceptance rate of Finlandia University was 66.6% (922 admissions from 1,385 applications). This is lower than the acceptance rate of 2021, which was 78.2%. Between 2021 and 2022, the number of applicants declined by 24.6%, while admissions declined by 35.8%.

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

SAT Scores

75%

Submission Percentage (2019)

Scores Submitted (2019)

75% of enrolled first-time students at Finlandia University in 2019 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

Finlandia University had a total enrollment of 450 students in 2022. The full-time enrollment at Finlandia University is 401 students and the part-time enrollment is 49. This means that 89.1% of students enrolled at Finlandia University are enrolled full-time.

The enrolled student population at Finlandia University, both undergraduate and graduate, is 60.4% White, 10% Hispanic or Latino, 8.89% Black or African American, 4.44% Two or More Races, 1.33% American Indian or Alaska Native, and 0.889% Asian.

Students enrolled at Finlandia University in full-time Undergraduate programs are most commonly White Male (30%), followed by White Female (26.7%) and Black or African American Male (10.6%).

Full-Time vs Part-Time Enrollment

89.1%

Full-Time Enrollment

The total enrollment at Finlandia University in 2022, both undergraduate and graduate, is 450 students. The full-time enrollment at Finlandia University is 401 and the part-time enrollment is 49. This means that 89.1% of students enrolled at Finlandia University are enrolled full-time compared with 78.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

63%

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 Finlandia University was 63%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Finlandia University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
272 enrolled students
Hispanic or Latino
45 enrolled students
Black or African American
40 enrolled students

The enrolled student population at Finlandia University is 60.4% White, 10% Hispanic or Latino, 8.89% Black or African American, 4.44% Two or More Races, 1.33% American Indian or Alaska Native, and 0.889% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 50.5% White, 15.6% Hispanic or Latino, and 13.2% Black or African American.

Graduates

In 2022, 19 more women than men received degrees from Finlandia University. The most common race/ethnicity group of degree recipients at Finlandia University is white (52 degrees awarded). There were 17.3 times more white recipients than the next closest race/ethnicity group, two or more races (3 degrees).

The most common Bachelor's Degree concentration at Finlandia University is Registered Nursing (23 degrees awarded), followed by Other Business Administration, Management, & Operations (10 degrees) and Criminal Justice - Police Science (8 degrees).

In 2022, the most specialized majors across all degree types at Finlandia University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Protective Services (11 degrees awarded), Health (35 degrees), and Psychology (6 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Finlandia University are Registered nurses (1,650,105 people), Accountants & auditors (1,063,768 people), Other managers (944,160 people), Financial managers (568,740 people), and Chief executives & legislators (464,352 people).

The most specialized majors at Finlandia University in 2022 are Protective Services (11 degrees awarded), Health (35 degrees), Psychology (6 degrees), Business (20 degrees), and Liberal Arts & Humanities (9 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 Finlandia University are Surgeons, Correspondence clerks & order clerks, Physicians, Nuclear medicine technologists and medical dosimetrists, and Photographic process workers & processing machine operators

The most specialized majors at Finlandia University are Protective Services (11 degrees awarded), Health (35 degrees), Psychology (6 degrees), Business (20 degrees), and Liberal Arts & Humanities (9 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Finlandia University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (2,141,948 people), Elementary & secondary schools (1,237,755 people), Colleges, universities & professional schools, including junior colleges (698,076 people), Computer Systems Design (686,343 people), and Justice, public order, & safety activities (587,168 people).

Majors Awarded

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

Most Common (2022)

Physical Therapy Technician
11 degrees awarded
General Studies
5 degrees awarded
Criminal Justice - Police Science
3 degrees awarded

In 2022, the most common associates degree concentration at Finlandia University was Physical Therapy Technician with 11 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 33 degrees were awarded to men at Finlandia University, which is 0.635 times less than the number of degrees awarded to females (52).

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

Most Common Male Majors

In 2022, 7 degrees were awarded to men at Finlandia University in Other Business Administration, Management, & Operations, which is 2.33 times more than the 3 female recipients with that same degree.

Most Common Female Majors

In 2022, 18 degrees were awarded to men at Finlandia University in Registered Nursing, which is 3.6 times more than the 5 male recipients with that same degree.

Time to Complete

16%

100% Completion Time

21%

150% Completion Time

In 2022, 16% of students graduating from Finlandia University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 21% completed their degrees within 150% of the normal time, and 21% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
52 degrees awarded
Two or More Races
3 degrees awarded
Black or African American
2 degrees awarded

The most common race/ethnicity at Finlandia University is white (52 degrees awarded). There were 17.3 times more white recipients than the next closest race/ethnicity group, two or more races (3 degrees).

29.4% of degree recipients (25 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
74 degrees awarded
White Female
73 degrees awarded
White Female
67 degrees awarded

The most common race/ethnicity and sex grouping at Finlandia University is white female (74 degrees awarded). There were 1.01 times more white female recipients than the next closest race/ethnicity group, white female (73 degrees).

Operations

Finlandia University has an endowment valued at nearly $5.97M, as of the end of the 2022 fiscal year. The return on its endowment was of 88.8k (1.49%) compared to the 7.58% average return (3.75M on 49.5M) across all Baccalaureate Colleges.

In 2022, Finlandia University had a total salary expenditure of 11.8M. Finlandia University employs 11 Assistant professors, 7 Associate professors and 3 Instructors. Most academics at Finlandia University are Male Assistant professor (6), Female Assistant professor (5), and Male Associate professor (4).

The most common positions for non-instructional staff at Finlandia University are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 22 employees, Service, with 20 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 16 employees.

Endowment

$5.97M

2022 Endowment

0.0000167%

growth from 2021

Finlandia University has an endowment valued at about $5.97M, as of the end of the 2022 fiscal year. The endowment of Finlandia University grew 0.0000167% from the previous year. The value of their endowment was $43.5M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Finlandia 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.

Salary Expenditure

$4.5M

2022 Salaries

growth from 2021

In 2022, Finlandia University paid a median of $4.5M in salaries, which represents 38.1% of their overall expenditure ($11.8M) and a 0% growth from the previous year. This is compared to a 25.8% decline between 2020 and 2021, and a 1.37% growth between 2019 and 2020.

Instructional Salaries

$998k

Instructional Salaries

Number of Employees

In 2022, Finlandia University paid a total of $998k to 22 employees working as instructors, which represents 22.2% of all salaries paid.

This is compared to a median of $522k (3.48%) for similar Baccalaureate Colleges.

Occupations by Share

In 2022, the most common positions for non-instructional staff at Finlandia University were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 22 employees, Service with 20 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 16 employees.

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