Merrimack College

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2016 Undergraduate Tuition

$36,625

2.97% growth from 2015

2016 Average Net Price

$33,003

After Financial Aid

2015 Student Loan

1.97%

Default Rate

2016 Acceptance Rate

81.9%

8,214 Applicants

2016 Enrolled Students

4,014

92.6% Full-Time

2016 Graduation Rate

72.6%

355 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 Other Human Development, Family Studies, & Related Services (69 degrees awarded), General Marketing & Marketing Management (61 degrees), and Accounting (49 degrees).

In 2016, 994 degrees were awarded across all undergraduate and graduate programs at Merrimack College. 58.1% of these degrees were awarded to women, and 41.9% awarded men. The majority of degree recipients were white (588 degrees), 2.37 times more than then the next closest race/ethnicity group, unknown (248 degrees).

The median undergraduate tuition at Merrimack College is $36,625, which is $16,465 more than the national average for Masters Colleges and Universities ($20,160).

Costs

The median undergraduate tuition at Merrimack College is $36,625, which is $16,465 more than the national average for Masters Colleges and Universities ($20,160).

After taking grants and loans into account, the average net price for students is $33,003.

In 2016, 93% of undergraduate students received federal grants, while 77% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$36,625

2016 Undergraduate Tuition

In 2016, the cost of tuition at Merrimack College was $36,625. The cost of tuition at Merrimack College is $16,465 more than than the overall (public and private) national average for Masters Colleges and Universities ($20,160).

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

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Average Net Price

$33,003

2016 Value

5.26%

1 Year Growth

In 2016 Merrimack College had an average net price — the price paid after factoring in grants and loans — of $33,003. Between 2015 and 2016, the average net price of Merrimack College grew by 5.26%.

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

$13,500

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Merrimack College was of $13,500 in 2016. During the same period, the average yearly cost of books and supplies was $1,000. The cost of room and board increased by 7.83% between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

93%

Of Undergraduates Receive Grants

77%

Of Undergraduates Receive Federal Loans

93% of undergraduate students at Merrimack College received grants or loans in 2016. This represents a growth of 4.49% with respect to 2015, when 89% 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.

1.97%

2015 Default Rate

12

Number of Defaults

In 2015 the default rate for borrower's at Merrimack College was 1.97%, which represents 12 out of the 608 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 8,214 undergraduate applications in 2016, which represents a 5.97% annual growth. Out of those 8,214 applicants, 6,728 students were accepted for enrollment, representing a 81.9% acceptance rate.

There were 4,014 students enrolled at Merrimack College in 2016, and N/A% of first-time enrollees submitted SAT scores with their applications.

Merrimack College has an overall enrollment yield of 14.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

81.9%

Acceptance Rate in 2016

6,728

Accepted Out of 8,214

In 2016, the undergraduate acceptance rate of Merrimack College was 81.9% (6,728 admissions from 8,214 applications). This is higher than the acceptance rate of 2015, which was 79%. Between 2015 and 2016, the number of applicants grew by 5.97%, while admissions grew by 9.92%.

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 2016 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 4,014 students. The full-time enrollment at Merrimack College is 3,717 students and the part-time enrollment is 297. This means that 92.6% of students enrolled at Merrimack College are enrolled full-time.

The enrolled student population at Merrimack College, both undergraduate and graduate, is 72.9% White, 6.13% Hispanic or Latino, 2.99% Black or African American, 1.52% Two or More Races, 1.4% Asian, 0.0498% Native Hawaiian or Other Pacific Islanders, and 0.0498% American Indian or Alaska Native.

Students enrolled at Merrimack College in full-time Undergraduate programs are majority White Female (41.1%), followed by White Male (36.4%) and Hispanic or Latino Female (3.22%). Students enrolled in full-time Graduate programs are majority White Female (41.5%), followed by White Male (16.4%) and Hispanic or Latino Female (4.03%).

Full-Time vs Part-Time Enrollment

92.6%

Full-Time Enrollment

The total enrollment at Merrimack College, both undergraduate and graduate, is 4,014 students. The full-time enrollment at Merrimack College is 3,717 and the part-time enrollment is 297. This means that 92.6% of students enrolled at Merrimack College are enrolled full-time compared with 68.7% 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

82%

2016 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 82%. 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

    2,926

  2. Hispanic or Latino

    246

  3. Black or African American

    120

The enrolled student population at Merrimack College is 72.9% White, 6.13% Hispanic or Latino, 2.99% Black or African American, 1.52% Two or More Races, 1.4% Asian, 0.0498% Native Hawaiian or Other Pacific Islanders, and 0.0498% 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 54.7% White, 14.3% Hispanic or Latino, and 13.3% 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, 393 students (9.79%) did not report their race.

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Graduates

In 2016, 162 more women than men received degrees from Merrimack College. The majority of degree recipients at Merrimack College are white (588 degrees awarded). There were 2.37 times more white graduates than the next closest race/ethnicity group, unknown (248 degrees).

The most common Bachelor's Degree concentration at Merrimack College is Other Human Development, Family Studies, & Related Services (69 degrees awarded), followed by General Marketing & Marketing Management (61 degrees) and Accounting (49 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 (106 degrees awarded), Education (191 degrees), and Natural Resources & Conservation (14 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 (1,932,266 people), Secondary school teachers (335,994 people), Education administrators (258,602 people), Miscellaneous managers (164,048 people), and Postsecondary teachers (152,808 people).

The most specialized majors at Merrimack College are Human Sciences (106 degrees awarded), Education (191 degrees), Natural Resources & Conservation (14 degrees), Math & Statistics (15 degrees), and Parks, Recreation, & Leisure (24 degrees).

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Highest Paying Jobs by Major

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 Physicians & surgeons, Aircraft pilots & flight engineers, Securities, commodities, & financial services sales agents, Dentists, and Firstline supervisors of nonretail sales workers

The most specialized majors at Merrimack College are Human Sciences (106 degrees awarded), Education (191 degrees), Natural Resources & Conservation (14 degrees), Math & Statistics (15 degrees), and Parks, Recreation, & Leisure (24 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 (2,847,222 people), Colleges, universities & professional schools, including junior colleges (293,939 people), Hospitals (190,578 people), Insurance carriers & related activities (113,631 people), and Child day care services (107,830 people).

The most specialized majors at Merrimack College are Human Sciences (106 degrees awarded), Education (191 degrees), Natural Resources & Conservation (14 degrees), Math & Statistics (15 degrees), and Parks, Recreation, & Leisure (24 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 2016, the most common bachelors degree concentration at Merrimack College was Other Human Development, Family Studies, & Related Services with 69 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. 416

  2. 578

In 2016, 416 degrees were awarded to men at Merrimack College, which is 0.72 times less than the number of degrees awarded to females (578).

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 2016, 44 degrees were awarded to men at Merrimack College in Accounting, which is 1.91 times more than the 23 female recipients with that same degree.

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Most Common Female Majors

In 2016, 67 degrees were awarded to women at Merrimack College in Other Human Development, Family Studies, & Related Services, which is 33.5 times more than the 2 male recipients with that same degree.

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Time to Complete

63%

100% Completion Time

68%

150% Completion Time

In 2016, 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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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Merrimack College is Male and Asian (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (67.2%).

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, 3.1% of graduates (11 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    588 degrees awarded

  2. Unknown

    248 degrees awarded

  3. Hispanic or Latino

    45 degrees awarded

The most common race/ethnicity at Merrimack College is white (588 degrees awarded). There were 2.37 times more white recipients than the next closest race/ethnicity group, unknown (248 degrees).

24.9% of degree recipients (248 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    341 degrees awarded

  2. White Male

    247 degrees awarded

  3. Hispanic or Latino Female

    29 degrees awarded

The most common race/ethnicity and gender grouping at Merrimack College is white female (341 degrees awarded). There were 1.38 times more white female recipients than the next closest race/ethnicity group, white male (247 degrees).

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Operations

Merrimack College has an endowment valued at nearly $51.3M, as of the end of the 2015 fiscal year. The return on its endowment was of $1.9M (3.71%), compared to the 2.07% average return ($597k on $28.9M) across all Masters Colleges and Universities.

In 2015, Merrimack College had a total expenditure of $91.4M. Of that $91.4M, they spent $40.1M on salaries and $91.4M on benefits.

Merrimack College employs 65 Associate professors, 50 Assistant professors, and 35 Lecturers. Most academics at Merrimack College are Male Associate professors (34), Female Associate professors(31), and Female Assistant professors (27).

The most common positions for non-instructional staff at Merrimack College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 118 employees, Office and Administrative Support, with 63 employees, and Service with 55 employees.

Finances

Endowment

$51.3M

2015 Endowment

10.1%

growth from 2014

Merrimack College has an endowment valued at about $51.3M, as of the end of the 2015 fiscal year. The endowment of Merrimack College grew 10.1% from the previous year. The value of their endowment was $22.4M 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. $380k - Federal

  2. $478k - State

  3. $0 - Local

As of 2015, Merrimack College received $380k in grants and contracts from the federal government, $478k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$40.1M

Salary Expenditure

$91.4M

Benefits Expenditure

In 2015, Merrimack College had a total expenditure of $91.4M. Of that $91.4M, they spent $40.1M on salaries and $91.4M on benefits.

The bar chart shows the share of the primary expenses at Merrimack College over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Masters Colleges and Universities Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Merrimack College as a share of total expenditure.

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Salary Expenditure

$40.1M

2015 Salaries

10.8%

growth from 2014

In 2015, Merrimack College paid a median of $40.1M in salaries, which represents 43.8% of their overall expenditure ($91.4M) and a 10.8% growth from the previous year. This is compared to a 9.83% growth from 2013 and a 7.49% growth from 2012.

The median for similar Masters Colleges and Universities is 31.3M (42.2% of overall expenditures).

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Instructional Salaries

$13.5M

Instructional Salaries

168

Number of Employees

In 2015, Merrimack College paid a total of $13.5M to 168 employees working as instructors, which represents 33.7% of all salaries paid.

This is compared to a median of $9.7M (31%) for similar Masters Colleges and Universities.

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Faculty and Staff

Occupations by Share

Associate professor

Most Common Instructor

65 Employees

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

Most Common Non-Instructional Employee

118 Employees

In 2016, the most common positions for instructional staff at Merrimack College were Associate professor with 65 employees; Assistant professor with 50 employees; and Assistant professor with 35 employees.

In 2016, the most common positions for non-instructional staff at Merrimack College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 118 employees; Office and Administrative Support with 63 employees; and Service with 55 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Associate professor

  2. Female Associate professor

  3. Female Assistant professor

In 2016, the most common demographic for instructional staff at Merrimack College was Male Associate professor with 34 employees, Female Associate professor with 31 employees, and Female Assistant professor with 27 employees.

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

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