Merrimack College

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    2024 Undergraduate Tuition
    $49,352
    3.6% growth from 2023
    2024 Average Net Price
    $38,504
    After Financial Aid
    2024 Acceptance Rate
    70%
    14,070 Applicants
    2024 Enrolled Students
    5,862
    87.4% Full-Time
    2024 Graduation Rate
    70.1%
    786 Graduates

    About

    Masters Colleges & Universities: Larger ProgramsMasters Colleges and Universities

    Costs

    After taking grants and loans into account, the average net price for students is $38,504.

    Tuition Costs

    $49,352
    2024 Undergraduate Tuition

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

    Average Net Price

    $38,504
    2024 Value
    0.888%
    1 Year Growth

    In 2024 Merrimack College had an average net price — the price paid after factoring in grants and loans — of $38,504. Between 2023 and 2024, the average net price of Merrimack College grew by 0.888%.

    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.

    Other Student Expenses

    $19,995
    Room and Board
    $1,000
    Books and Supplies

    The average yearly cost of room and board at Merrimack College was of $19,995 in 2024. The cost of room and board increased by 9.29% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,000. 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 by Income Level

    95%
    Undergraduates Receiving Financial Aid through Grants
    60%
    Undergraduates Receiving Financial Aid through Loans

    95% of undergraduate students at Merrimack College received financial aid through grants or loans in 2024. This represents a growth of 1.06% with respect to 2023, when 94% 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.

    Admissions

    Merrimack College received 14,070 undergraduate applications in 2024, which represents a 2.75% annual growth. Out of those 14,070 applicants, 9,852 students were accepted for enrollment, representing a 70% acceptance rate.

    There were 5,862 students enrolled at Merrimack College in 2024.

    Merrimack College has an overall enrollment yield of 9.86%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    70%
    Acceptance Rate in 2024
    9,852
    Accepted Out of 14,070

    In 2024, the undergraduate acceptance rate of Merrimack College was 70% (9,852 admissions from 14,070 applications). This is lower than the acceptance rate of 2023, which was 73.6%. Between 2023 and 2024, the number of applicants grew by 2.75%, while admissions declined by 2.25%.

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

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    Enrollment

    Merrimack College had a total enrollment of 5,862 students in 2024. The full-time enrollment at Merrimack College is 5,126 students and the part-time enrollment is 736. This means that 87.4% of students enrolled at Merrimack College are enrolled full-time.

    The enrolled student population at Merrimack College, both undergraduate and graduate, is 71.2% White, 10.8% Hispanic or Latino, 4.76% Black or African American, 2.64% Two or More Races, 2.47% Asian, 0.171% American Indian or Alaska Native, and 0.0341% Native Hawaiian or Other Pacific Islanders.

    Students enrolled at Merrimack College in full-time Undergraduate programs are most commonly White Female (41.2%), followed by White Male (34.9%) and Hispanic or Latino Female (6.1%). Students enrolled in full-time Graduate programs are most commonly White Female (50.8%), followed by White Male (21.9%) and Hispanic or Latino Female (6.03%).

    Full-Time vs Part-Time Enrollment

    87.4%
    Full-Time Enrollment

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

    Retention Rate over Time

    79%
    2024 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 79%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), 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 (2024)
    1. White
      4,175 enrolled students
    2. Hispanic or Latino
      633 enrolled students
    3. Black or African American
      279 enrolled students

    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, 344 students (5.87%) did not report their race.

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    Graduates

    In 2024, 362 more women than men received degrees from Merrimack College. The most common race/ethnicity group of degree recipients at Merrimack College is white (1,455 degrees awarded). There were 10.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (142 degrees).

    The most common Bachelor's Degree concentration at Merrimack College is General Marketing & Marketing Management (87 degrees awarded), followed by General Human Development & Family Studies (85 degrees) and Criminal Justice - Law Enforcement Administration (67 degrees).

    In 2024,  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 (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), and Education (380 degrees).

    Common Jobs by Major

    Elementary & middle school teachers
    Most Common Job

    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 (1,584,679 people), Secondary school teachers (514,073 people), Education administrators (304,563 people), Other managers (283,948 people), and Special education teachers (214,398 people).

    The most specialized majors at Merrimack College in 2024 are Human Sciences (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), Education (380 degrees), Protective Services (105 degrees), and Communications (72 degrees) (as of 2024).

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    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 Merrimack College are Surgeons, Physicians, Nuclear medicine technologists and medical dosimetrists, Photographic process workers & processing machine operators, and Securities, commodities, & financial services sales agents

    The most specialized majors at Merrimack College are Human Sciences (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), Education (380 degrees), Protective Services (105 degrees), and Communications (72 degrees) (as of 2024).

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    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 Merrimack College are Elementary & secondary schools (2,968,764 people), Justice, public order, & safety activities (398,582 people), Colleges, universities & professional schools, including junior colleges (391,582 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (274,391 people), and Computer Systems Design (198,754 people).

    The most specialized majors at Merrimack College are Human Sciences (95 degrees awarded), Parks, Recreation, & Leisure (107 degrees), Education (380 degrees), Protective Services (105 degrees), and Communications (72 degrees) (as of 2024).

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    Majors Awarded

    IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Merrimack College.
    Most Common (2024)
    1. General Marketing & Marketing Management
      87 degrees awarded
    2. General Human Development & Family Studies
      85 degrees awarded
    3. Criminal Justice - Law Enforcement Administration
      67 degrees awarded

    In 2024, the most common bachelors degree concentration at Merrimack College was General Marketing & Marketing Management with 87 degrees awarded.

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

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    Sex Breakdown for Common Majors

    739
    Degrees Awarded to Men
    in 2024
    1,101
    Degrees Awarded to Women
    in 2024

    In 2024, 739 degrees were awarded to men at Merrimack College, which is 0.671 times less than the number of degrees awarded to females (1,101).

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

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    Most Common Male Majors

    In 2024, 70 degrees were awarded to men at Merrimack College in General Business Administration & Management, which is 1.94 times more than the 36 female recipients with that same degree.

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    Most Common Female Majors

    In 2024, 82 degrees were awarded to men at Merrimack College in Elementary Education & Teaching, which is 6.31 times more than the 13 male recipients with that same degree.

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    Time to Complete

    63%
    100% Completion Time
    68%
    150% Completion Time

    In 2024, 63% of students graduating from Merrimack College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 68% completed their degrees within 150% of the normal time, and 68% 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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    Graduation Rate by Race and Sex

    Showing demographic groups with ≥ 5 graduating students.
    Two or More Races Female
    Highest Graduation Rate (87.5%)

    The student demographic with the highest graduation rate in 2024 at Merrimack College is Female and Two or More Races (87.5% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (75.5%).

    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.

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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      1,455 degrees awarded
    2. Hispanic or Latino
      142 degrees awarded
    3. Black or African American
      68 degrees awarded

    The most common race/ethnicity at Merrimack College is white (1,455 degrees awarded). There were 10.2 times more white recipients than the next closest race/ethnicity group, hispanic or latino (142 degrees).

    2.07% of degree recipients (38 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Female
      920 degrees awarded
    2. White Female
      913 degrees awarded
    3. White Female
      908 degrees awarded

    The most common race/ethnicity and sex grouping at Merrimack College is white female (920 degrees awarded). There were 1.01 times more white female recipients than the next closest race/ethnicity group, white female (913 degrees).

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    Operations

    Merrimack College has an endowment valued at nearly $86.9M, as of the end of the 2024 fiscal year. The return on its endowment was of 11.9M (13.7%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

    In 2024, Merrimack College had a total salary expenditure of 182M. Merrimack College employs 89 Associate professors, 71 Assistant professors and 42 Professors. Most academics at Merrimack College are Female Associate professor (51), Female Assistant professor (40), and Male Associate professor (38).

    The most common positions for non-instructional staff at Merrimack College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 126 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 106 employees, and Service with 45 employees.

    Endowment

    $86.9M
    2024 Endowment
    13.9%
    growth from 2023

    This line chart shows how the endowment at Merrimack College (in red) compares to that of some similar universities.

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    Salary Expenditure

    $66.5M
    2024 Salaries
    7.52%
    growth from 2023

    In 2024, Merrimack College paid a median of $66.5M in salaries, which represents 36.5% of their overall expenditure ($182M) and a 7.52% growth from the previous year. This is compared to a 6.56% growth between 2022 and 2023, and a 5.87% growth between 2021 and 2022.

    Instructional Salaries

    $23.2M
    Instructional Salaries
    209
    Number of Employees

    In 2024, Merrimack College paid a total of $23.2M to 209 employees working as instructors, which represents 34.9% of all salaries paid.

    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Merrimack College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 126 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 106 employees, and Service with 45 employees.

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