Merrimack College

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2017 Undergraduate Tuition

$37,910

3.51% growth from 2016

2017 Average Net Price

$33,202

After Financial Aid

2016 Student Loan

3.75%

Default Rate

2017 Acceptance Rate

81.5%

8,656 Applicants

2017 Enrolled Students

4,191

90.3% Full-Time

2017 Graduation Rate

68.5%

417 Graduates

About

Merrimack College is a higher education institution located in Essex County, MA. In 2016, the most popular Bachelor's Degree concentrations at Merrimack College were General Business Administration & Management (82 degrees awarded), Other Human Development, Family Studies, & Related Services (69 degrees), and General Marketing & Marketing Management (59 degrees).

In 2017, 1,203 degrees were awarded across all undergraduate and graduate programs at Merrimack College. 58.3% of these degrees were awarded to women, and 41.7% awarded men. The majority of degree recipients were white (761 degrees), 3.32 times more than then the next closest race/ethnicity group, unknown (229 degrees).

The median undergraduate tuition at Merrimack College is $37,910, which is $17,177 more than the national average for Masters Colleges and Universities ($20,733).

Costs

The median undergraduate tuition at Merrimack College is $37,910, which is $17,177 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 $33,202.

In 2017, 92% of undergraduate students received federal grants, while 70% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$37,910

2017 Undergraduate Tuition

In 2017, the cost of tuition at Merrimack College was $37,910. The cost of tuition at Merrimack College is $17,177 more than than the overall (public and private) national average for Masters Colleges and Universities ($20,733).

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

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Average Net Price

$33,202

2017 Value

0.603%

1 Year Growth

In 2017 Merrimack College had an average net price — the price paid after factoring in grants and loans — of $33,202. Between 2016 and 2017, the average net price of Merrimack College grew by 0.603%.

This chart compares the average net price of Merrimack College (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

$14,345

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Merrimack College was of $14,345 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 6.26% between 2016 and 2017. The cost of books and supplies did not change during the same period.

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

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Financial Aid

Financial Aid by Income Level

92%

Of Undergraduates Receive Grants

70%

Of Undergraduates Receive Federal Loans

92% of undergraduate students at Merrimack College received grants or loans in 2017. This represents a decline of 1.08% with respect to 2016, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Merrimack College (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.

3.75%

2016 Default Rate

26

Number of Defaults

In 2016 the default rate for borrower's at Merrimack College was 3.75%, which represents 26 out of the 694 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

Merrimack College received 8,656 undergraduate applications in 2017, which represents a 5.38% annual growth. Out of those 8,656 applicants, 7,058 students were accepted for enrollment, representing a 81.5% acceptance rate.

There were 4,191 students enrolled at Merrimack College in 2017, and N/A% of first-time enrollees submitted SAT scores with their applications.

Merrimack College has an overall enrollment yield of 12.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

81.5%

Acceptance Rate in 2017

7,058

Accepted Out of 8,656

In 2017, the undergraduate acceptance rate of Merrimack College was 81.5% (7,058 admissions from 8,656 applications). This is lower than the acceptance rate of 2016, which was 81.9%. Between 2016 and 2017, the number of applicants grew by 5.38%, while admissions grew by 4.9%.

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

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SAT Scores

N/A%

Submission Percentage

N/A

Scores Submitted

N/A% of enrolled first-time students at Merrimack College 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

Merrimack College has a total enrollment of 4,191 students. The full-time enrollment at Merrimack College is 3,785 students and the part-time enrollment is 406. This means that 90.3% of students enrolled at Merrimack College are enrolled full-time.

The enrolled student population at Merrimack College, both undergraduate and graduate, is 73.8% White, 7.13% Hispanic or Latino, 3.22% Black or African American, 1.38% Asian, 1.22% Two or More Races, 0.0477% Native Hawaiian or Other Pacific Islanders, and 0.0477% American Indian or Alaska Native.

Students enrolled at Merrimack College in full-time Undergraduate programs are majority White Female (41.4%), followed by White Male (36.5%) and Hispanic or Latino Female (3.88%). Students enrolled in full-time Graduate programs are majority White Female (47.4%), followed by White Male (20.8%) and Hispanic or Latino Female (5.84%).

Full-Time vs Part-Time Enrollment

90.3%

Full-Time Enrollment

The total enrollment at Merrimack College, both undergraduate and graduate, is 4,191 students. The full-time enrollment at Merrimack College is 3,785 and the part-time enrollment is 406. This means that 90.3% of students enrolled at Merrimack College 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 Merrimack College (in red) compares to similar universities.

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Retention Rate over Time

81%

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 Merrimack College was 81%. Compared with the full-time retention rate at similar Masters Colleges and Universities (75%), Merrimack College had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    3,094

  2. Hispanic or Latino

    299

  3. Black or African American

    135

The enrolled student population at Merrimack College is 73.8% White, 7.13% Hispanic or Latino, 3.22% Black or African American, 1.38% Asian, 1.22% Two or More Races, 0.0477% Native Hawaiian or Other Pacific Islanders, and 0.0477% American Indian or Alaska Native. 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, 405 students (9.66%) did not report their race.

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Graduates

In 2017, 199 more women than men received degrees from Merrimack College. The majority of degree recipients at Merrimack College are white (761 degrees awarded). There were 3.32 times more white graduates than the next closest race/ethnicity group, unknown (229 degrees).

The most common Bachelor's Degree concentration at Merrimack College is General Business Administration & Management (82 degrees awarded), followed by Other Human Development, Family Studies, & Related Services (69 degrees) and General Marketing & Marketing Management (59 degrees).

The most specialized majors across all degree types at Merrimack College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Human Sciences (111 degrees awarded), Education (209 degrees), and Natural Resources & Conservation (17 degrees).

Workforce

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Merrimack College are Elementary & middle school teachers (1,914,220 people), Other managers (390,042 people), Software developers (354,267 people), Secondary school teachers (317,595 people), and Miscellaneous engineers, including nuclear engineers (302,309 people).

The most specialized majors at Merrimack College are Human Sciences (111 degrees awarded), Education (209 degrees), Natural Resources & Conservation (17 degrees), Engineering (92 degrees), and Language & Linguistics (14 degrees).

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Highest Paying Jobs by Major

Highest Paying Job

The most specialized majors at Merrimack College are Human Sciences (111 degrees awarded), Education (209 degrees), Natural Resources & Conservation (17 degrees), Engineering (92 degrees), and Language & Linguistics (14 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 Merrimack College are Elementary & secondary schools (2,806,982 people), Computer Systems Design (428,862 people), Architectural, engineering & related services (410,198 people), Colleges, universities & professional schools, including junior colleges (399,834 people), and Construction (296,853 people).

The most specialized majors at Merrimack College are Human Sciences (111 degrees awarded), Education (209 degrees), Natural Resources & Conservation (17 degrees), Engineering (92 degrees), and Language & Linguistics (14 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 Merrimack College.

In 2017, the most common bachelors degree concentration at Merrimack College was General Business Administration & Management with 82 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 502

  2. 701

In 2017, 502 degrees were awarded to men at Merrimack College, which is 0.716 times less than the number of degrees awarded to females (701).

This chart displays the gender disparity between the top 5 majors at Merrimack College by degrees awarded.

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Most Common Male Majors

In 2017, 81 degrees were awarded to men at Merrimack College in General Business Administration & Management, which is 1.42 times more than the 57 female recipients with that same degree.

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Most Common Female Majors

In 2017, 65 degrees were awarded to women at Merrimack College in Other Human Development, Family Studies, & Related Services, which is 16.3 times more than the 4 male recipients with that same degree.

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Time to Complete

65%

100% Completion Time

71%

150% Completion Time

In 2017, 65% of students graduating from Merrimack College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 71% completed their degrees within 150% of the normal time, and 72% 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Merrimack College is Female and Two or More Races (100% 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, 9.35% of graduates (39 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    761 degrees awarded

  2. Unknown

    229 degrees awarded

  3. Hispanic or Latino

    58 degrees awarded

The most common race/ethnicity at Merrimack College is white (761 degrees awarded). There were 3.32 times more white recipients than the next closest race/ethnicity group, unknown (229 degrees).

19% of degree recipients (229 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    445 degrees awarded

  2. White Male

    316 degrees awarded

  3. Hispanic or Latino Female

    40 degrees awarded

The most common race/ethnicity and gender grouping at Merrimack College is white female (445 degrees awarded). There were 1.41 times more white female recipients than the next closest race/ethnicity group, white male (316 degrees).

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Operations

Merrimack College has an endowment valued at nearly $54.4M, as of the end of the 2017 fiscal year. The return on its endowment was of $5.71M (10.5%), compared to the 6.94% average return ($2.3M on $33.1M) across all Masters Colleges and Universities.

In 2017, Merrimack College had a total salary expenditure of $112M. Merrimack College employs 61 Associate professors, 58 Assistant professors, and 37 Lecturers. Most academics at Merrimack College are Female Assistant professors (33), Male Associate professors(32), and Female Associate professors (29).

The most common positions for non-instructional staff at Merrimack College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 128 employees, Office and Administrative Support, with 63 employees, and Service with 56 employees.

Finances

Endowment

$54.4M

2017 Endowment

8.91%

growth from 2016

Merrimack College has an endowment valued at about $54.4M, as of the end of the 2017 fiscal year. The endowment of Merrimack College grew 8.91% from the previous year. The value of their endowment was $21.2M 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 Merrimack College (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.

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Government Grants and Contracts

Grants & Contracts

  1. $751k - Federal

  2. $542k - State

  3. $0 - Local

As of 2017, Merrimack College received $751k in grants and contracts from the federal government, $542k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$46.6M

2017 Salaries

11.1%

growth from 2016

In 2017, Merrimack College paid a median of $46.6M in salaries, which represents 41.5% of their overall expenditure ($112M) and a 11.1% growth from the previous year. This is compared to a 4.6% growth from 2015 and a 10.8% 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

$16.2M

Instructional Salaries

189

Number of Employees

In 2017, Merrimack College paid a total of $16.2M to 189 employees working as instructors, which represents 34.8% of all salaries paid.

This is compared to a median of $8.02M (34.2%) for similar Masters Colleges & Universities: Medium Programs.

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Faculty and Staff

Occupations by Share

Associate professor

Most Common Instructor

61 Employees

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

Most Common Non-Instructional Employee

128 Employees

In 2017, the most common positions for instructional staff at Merrimack College were Associate professor with 61 employees; Assistant professor with 58 employees; and Assistant professor with 37 employees.

In 2017, the most common positions for non-instructional staff at Merrimack College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 128 employees; Office and Administrative Support with 63 employees; and Service with 56 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Female Assistant professor

  2. Male Associate professor

  3. Female Associate professor

In 2017, the most common demographic for instructional staff at Merrimack College was Female Assistant professor with 33 employees, Male Associate professor with 32 employees, and Female Associate professor with 29 employees.

This chart shows the gender split between each academic rank present at Merrimack College.

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