Hope College (170301)

www.hope.edu

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2023 Undergraduate Tuition

$37,240

1.08% growth from 2022

2023 Average Net Price

$28,643

After Financial Aid

2021 Default Rate

on Student Loans

2023 Acceptance Rate

75.9%

5,206 Applicants

2023 Enrolled Students

3,368

95.1% Full-Time

2023 Graduation Rate

82.3%

640 Graduates

About

Hope College (170301) is a higher education institution located in Ottawa County, MI. In 2023, the most popular Bachelors Degree concentrations at Hope College (170301) were General Business Administration & Management (121 degrees awarded), General Psychology (75 degrees), and Speech Communication & Rhetoric (62 degrees).

In 2023, 826 degrees were awarded across all undergraduate and graduate programs at Hope College (170301). 65.3% of these degrees were awarded to women, and 34.7% awarded men. The most common race/ethnicity group of degree recipients was white (668 degrees), 10.6 times more than then the next closest race/ethnicity group, hispanic or latino (63 degrees).

The median undergraduate tuition at Hope College (170301) is $37,240, which is $7,960 more than the national average for Baccalaureate Colleges ($29,280).

In 2021 the default rate for borrower's at Hope College (170301) was 0%, corresponding to 0 out of the 603 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Hope College (170301) is $37,240, which is $7,960 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $28,643.

In 2023, 93% of undergraduate students attending Hope College (170301) received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Tuition Costs

$37,240

2023 Undergraduate Tuition

In 2023, the cost of tuition at Hope College (170301) was $37,240. The cost of tuition at Hope College (170301) is $7,960 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

This chart compares the tuition costs of Hope College (170301) (in red) with those of other similar universities.

Average Net Price

$28,643

2023 Value

11%

1 Year Growth

In 2023 Hope College (170301) had an average net price — the price paid after factoring in grants and loans — of $28,643. Between 2022 and 2023, the average net price of Hope College (170301) grew by 11%.

This chart compares the average net price of Hope College (170301) (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

$7,135

Room and Board

$1,060

Books and Supplies

The average yearly cost of room and board at Hope College (170301) was of $7,135 in 2023. The cost of room and board increased by 4.62% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,060. The cost of books and supplies increased by 4.95% during the same period.

This chart compares the average student costs at Hope College (170301) (in red) with that of similar universities.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

46%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Hope College (170301) received financial aid through grants or loans in 2023. This represents a decline of 4.12% with respect to 2022, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Hope College (170301) (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.

2021 Default Rate

Number of Defaults

In 2021 the default rate for borrower's at Hope College (170301) was 0%, which represents 0 out of the 603 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

Hope College (170301) received 5,206 undergraduate applications in 2023, which represents a 1.05% annual growth. Out of those 5,206 applicants, 3,949 students were accepted for enrollment, representing a 75.9% acceptance rate.

There were 3,368 students enrolled at Hope College (170301) in 2023. 43% of first-time enrollees submitted SAT scores with their applications.

Hope College (170301) has an overall enrollment yield of 21.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

75.9%

Acceptance Rate in 2023

3,949

Accepted Out of 5,206

In 2023, the undergraduate acceptance rate of Hope College (170301) was 75.9% (3,949 admissions from 5,206 applications). This is lower than the acceptance rate of 2022, which was 80.5%. Between 2022 and 2023, the number of applicants grew by 1.05%, while admissions declined by 4.73%.

This chart compares the acceptance rate of Hope College (170301) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

43%

Submission Percentage (2023)

354

Scores Submitted (2023)

43% of enrolled first-time students at Hope College (170301) in 2023 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

Hope College (170301) had a total enrollment of 3,368 students in 2023. The full-time enrollment at Hope College (170301) is 3,204 students and the part-time enrollment is 164. This means that 95.1% of students enrolled at Hope College (170301) are enrolled full-time.

The enrolled student population at Hope College (170301), both undergraduate and graduate, is 78.1% White, 7.6% Hispanic or Latino, 3.5% Two or More Races, 3.47% Black or African American, 2.58% Asian, 0.0891% American Indian or Alaska Native, and 0.0297% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Hope College (170301) in full-time Undergraduate programs are most commonly White Female (48.3%), followed by White Male (30.4%) and Hispanic or Latino Female (4.99%).

Full-Time vs Part-Time Enrollment

95.1%

Full-Time Enrollment

The total enrollment at Hope College (170301) in 2023, both undergraduate and graduate, is 3,368 students. The full-time enrollment at Hope College (170301) is 3,204 and the part-time enrollment is 164. This means that 95.1% of students enrolled at Hope College (170301) are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Hope College (170301) (in red) compares to similar universities.

Retention Rate over Time

90%

2023 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 Hope College (170301) was 90%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Hope College (170301) had a retention rate higher than its peers.

This chart shows the retention rate over time at Hope College (170301) (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
2,629 enrolled students
Hispanic or Latino
256 enrolled students
Two or More Races
118 enrolled students

The enrolled student population at Hope College (170301) is 78.1% White, 7.6% Hispanic or Latino, 3.5% Two or More Races, 3.47% Black or African American, 2.58% Asian, 0.0891% American Indian or Alaska Native, and 0.0297% 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 53.2% White, 14.1% 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, 74 students (2.2%) did not report their race.

Graduates

In 2023, 252 more women than men received degrees from Hope College (170301). The most common race/ethnicity group of degree recipients at Hope College (170301) is white (668 degrees awarded). There were 10.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (63 degrees).

The most common Bachelor's Degree concentration at Hope College (170301) is General Business Administration & Management (121 degrees awarded), followed by General Psychology (75 degrees) and Speech Communication & Rhetoric (62 degrees).

In 2023, the most specialized majors across all degree types at Hope College (170301), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Language & Linguistics (39 degrees awarded), Physical Sciences (32 degrees), and Philosophy and Religious Studies (12 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Hope College (170301) are Other managers (217,566 people), Postsecondary teachers (152,558 people), Elementary & middle school teachers (123,821 people), Lawyers, & judges, magistrates, & other judicial workers (113,474 people), and Marketing managers (91,750 people).

The most specialized majors at Hope College (170301) in 2023 are Language & Linguistics (39 degrees awarded), Physical Sciences (32 degrees), Philosophy and Religious Studies (12 degrees), Communications (62 degrees), and Cultural & Gender Studies (8 degrees) (as of 2023).

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 Hope College (170301) are Surgeons, Securities, commodities, & financial services sales agents, Cardiovascular technologists and technicians, Nuclear medicine technologists and medical dosimetrists, and Physicians

The most specialized majors at Hope College (170301) are Language & Linguistics (39 degrees awarded), Physical Sciences (32 degrees), Philosophy and Religious Studies (12 degrees), Communications (62 degrees), and Cultural & Gender Studies (8 degrees) (as of 2023).

Common Industries by Major

uninformed

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Hope College (170301) are uninformed (470,341 people), Colleges, universities & professional schools, including junior colleges (340,727 people), Elementary & secondary schools (331,769 people), Computer Systems Design (192,466 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (160,571 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Hope College (170301).

Most Common (2023)

General Business Administration & Management
121 degrees awarded
General Psychology
75 degrees awarded
Speech Communication & Rhetoric
62 degrees awarded

In 2023, the most common bachelors degree concentration at Hope College (170301) was General Business Administration & Management with 121 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Hope College (170301) according to their major.

Sex Breakdown for Common Majors

287

Degrees Awarded to Men

in 2023

539

Degrees Awarded to Women

in 2023

In 2023, 287 degrees were awarded to men at Hope College (170301), which is 0.532 times less than the number of degrees awarded to females (539).

This chart displays the sex disparity between the top 5 majors at Hope College (170301) by degrees awarded.

Most Common Male Majors

In 2023, 72 degrees were awarded to men at Hope College (170301) in General Business Administration & Management, which is 1.47 times more than the 49 female recipients with that same degree.

Most Common Female Majors

In 2023, 60 degrees were awarded to men at Hope College (170301) in General Psychology, which is 4 times more than the 15 male recipients with that same degree.

Time to Complete

73%

100% Completion Time

81%

150% Completion Time

In 2023, 73% of students graduating from Hope College (170301) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 81% completed their degrees within 150% of the normal time, and 82% 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.

White Female

Highest Graduation Rate (85.7%)

The student demographic with the highest graduation rate in 2023 at Hope College (170301) is Female and White (85.7% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (74.3%).

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, 0.313% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
668 degrees awarded
Hispanic or Latino
63 degrees awarded
Two or More Races
25 degrees awarded

The most common race/ethnicity at Hope College (170301) is white (668 degrees awarded). There were 10.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (63 degrees).

1.69% of degree recipients (14 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
434 degrees awarded
White Male
234 degrees awarded
Hispanic or Latino Female
41 degrees awarded

The most common race/ethnicity and sex grouping at Hope College (170301) is white female (434 degrees awarded). There were 1.85 times more white female recipients than the next closest race/ethnicity group, white male (234 degrees).

Operations

Hope College (170301) has an endowment valued at nearly $297M, as of the end of the 2023 fiscal year. The return on its endowment was of 24.5M (8.27%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Hope College (170301) had a total salary expenditure of 130M. Hope College (170301) employs 119 Assistant professors, 75 Professors and 66 Associate professors. Most academics at Hope College (170301) are Female Assistant professor (73), Male Assistant professor (46), and Male Professor (45).

The most common positions for non-instructional staff at Hope College (170301) are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 90 employees, Office and Administrative Support, with 75 employees, and Service with 65 employees.

Endowment

$297M

2023 Endowment

4.96%

growth from 2022

Hope College (170301) has an endowment valued at about $297M, as of the end of the 2023 fiscal year. The endowment of Hope College (170301) grew 4.96% from the previous year. The value of their endowment was $245M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Hope College (170301) (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: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$58.4M

2023 Salaries

7.68%

growth from 2022

In 2023, Hope College (170301) paid a median of $58.4M in salaries, which represents 45% of their overall expenditure ($130M) and a 7.68% growth from the previous year. This is compared to a 4.89% growth between 2021 and 2022, and a 3.73% decline between 2020 and 2021.

Instructional Salaries

$20M

Instructional Salaries

260

Number of Employees

In 2023, Hope College (170301) paid a total of $20M to 260 employees working as instructors, which represents 34.3% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

119 Employees

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

Most Common Non-Instructional Employee

90 Employees

In 2023, the most common positions for instructional staff at Hope College (170301) were Assistant professor with 119 employees, Professor with 75 employees, and Associate professor with 66 employees.

In 2023, the most common positions for non-instructional staff at Hope College (170301) were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 90 employees, Office and Administrative Support with 75 employees, and Service with 65 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Assistant professor
Male Professor

In 2023, the most common demographic for instructional staff at Hope College (170301) was Female Assistant professor with 73 employees, Male Assistant professor with 46 employees, and Male Professor with 45 employees.

This chart shows the sex split between each academic rank present at Hope College (170301).

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