Nichols College

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2017 Undergraduate Tuition
$33,600
1.82% growth from 2016
2017 Average Net Price
$30,500
After Financial Aid
2016 Student Loan
6.53%
Default Rate
2017 Acceptance Rate
92.5%
2,161 Applicants
2017 Enrolled Students
1,634
77.1% Full-Time
2017 Graduation Rate
51.4%
197 Graduates

About

Nichols College is a higher education institution located in Worcester County, MA. In 2016, the most popular Bachelor's Degree concentrations at Nichols College were General Business (73 degrees awarded), Criminal Justice - Law Enforcement Administration (41 degrees), and Sport & Fitness Management (36 degrees).

In 2017, 434 degrees were awarded across all undergraduate and graduate programs at Nichols College. 53.9% of these degrees were awarded to women, and 46.1% awarded men. The majority of degree recipients were white (373 degrees), 15.5 times more than then the next closest race/ethnicity group, hispanic or latino (24 degrees).

The median undergraduate tuition at Nichols College is $33,600, which is $19,600 more than the national average for Special Focus Institutions ($14,000).

Costs

The median undergraduate tuition at Nichols College is $33,600, which is $19,600 more than the national average for Special Focus Institutions ($14,000).

After taking grants and loans into account, the average net price for students is $30,500.

In 2017, 95% of undergraduate students received federal grants, while 79% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$33,600
2017 Undergraduate Tuition

In 2017, the cost of tuition at Nichols College was $33,600. The cost of tuition at Nichols College is $19,600 more than than the overall (public and private) national average for Special Focus Institutions ($14,000).

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Average Net Price

$30,500
2017 Value
4.09%
1 Year Growth

In 2017 Nichols College had an average net price — the price paid after factoring in grants and loans — of $30,500. Between 2016 and 2017, the average net price of Nichols College grew by 4.09%.

This chart compares the average net price of Nichols 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

$10,000
Room and Board
$1,400
Books and Supplies

The average yearly cost of room and board at Nichols College was of $10,000 in 2017. During the same period, the average yearly cost of books and supplies was $1,400. The cost of room and board increased by 4.71% between 2016 and 2017. The cost of books and supplies increased by 16.7% during the same period.

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Financial Aid

Financial Aid by Income Level

95%
Of Undergraduates Receive Grants
79%
Of Undergraduates Receive Federal Loans

95% of undergraduate students at Nichols College received grants or loans in 2017. This represents a growth of 2.15% with respect to 2016, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Nichols 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.
6.53%
2016 Default Rate
29
Number of Defaults

In 2016 the default rate for borrower's at Nichols College was 6.53%, which represents 29 out of the 444 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

Nichols College received 2,161 undergraduate applications in 2017, which represents a 6.49% annual decline. Out of those 2,161 applicants, 1,999 students were accepted for enrollment, representing a 92.5% acceptance rate.

There were 1,634 students enrolled at Nichols College in 2017, and N/A% of first-time enrollees submitted SAT scores with their applications.

Nichols College has an overall enrollment yield of 18.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

92.5%
Acceptance Rate in 2017
1,999
Accepted Out of 2,161

In 2017, the undergraduate acceptance rate of Nichols College was 92.5% (1,999 admissions from 2,161 applications). This is higher than the acceptance rate of 2016, which was 83.7%. Between 2016 and 2017, the number of applicants declined by -6.49%, while admissions grew by 3.36%.

This chart compares the acceptance rate of Nichols 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 Nichols 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

Nichols College has a total enrollment of 1,634 students. The full-time enrollment at Nichols College is 1,259 students and the part-time enrollment is 375. This means that 77.1% of students enrolled at Nichols College are enrolled full-time.

The enrolled student population at Nichols College, both undergraduate and graduate, is 78.9% White, 7.83% Hispanic or Latino, 6.85% Black or African American, 3.55% Two or More Races, 1.29% Asian, 0.0612% American Indian or Alaska Native, and 0% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Nichols College in full-time Undergraduate programs are majority White Male (49.1%), followed by White Female (28.3%) and Black or African American Male (5.68%). Students enrolled in full-time Graduate programs are majority White Female (59.3%), followed by White Male (25.9%) and Two or More Races Female (7.41%).

Full-Time vs Part-Time Enrollment

77.1%
Full-Time Enrollment

The total enrollment at Nichols College, both undergraduate and graduate, is 1,634 students. The full-time enrollment at Nichols College is 1,259 and the part-time enrollment is 375. This means that 77.1% of students enrolled at Nichols College are enrolled full-time compared with 71.1% at similar Special Focus Institutions.

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

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Retention Rate over Time

77%
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 Nichols College was 77%. Compared with the full-time retention rate at similar Special Focus Institutions (71%), Nichols College had a retention rate higher than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    1,289
  2. Hispanic or Latino
    128
  3. Black or African American
    112

The enrolled student population at Nichols College is 78.9% White, 7.83% Hispanic or Latino, 6.85% Black or African American, 3.55% Two or More Races, 1.29% Asian, 0.0612% American Indian or Alaska Native, and 0% 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 Special Focus Institutions is 44.7% White, 15.6% Hispanic or Latino, and 15.5% 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, 2 students (0.122%) did not report their race.

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Graduates

In 2017, 34 more women than men received degrees from Nichols College. The majority of degree recipients at Nichols College are white (373 degrees awarded). There were 15.5 times more white graduates than the next closest race/ethnicity group, hispanic or latino (24 degrees).

The most common Bachelor's Degree concentration at Nichols College is General Business (73 degrees awarded), followed by Criminal Justice - Law Enforcement Administration (41 degrees) and Sport & Fitness Management (36 degrees).

The most specialized majors across all degree types at Nichols College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (36 degrees awarded), Business (323 degrees), and Protective Services (41 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Nichols College are Accountants & auditors (1,105,710 people), Other managers (693,958 people), Financial managers (440,771 people), Elementary & middle school teachers (368,557 people), and Chief executives & legislators (333,358 people).

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (36 degrees awarded), Business (323 degrees), Protective Services (41 degrees), History (5 degrees), and Math & Statistics (5 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Nichols College are Chemists & materials scientists, Dentists, Surgeons, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (36 degrees awarded), Business (323 degrees), Protective Services (41 degrees), History (5 degrees), and Math & Statistics (5 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 Nichols College are Elementary & secondary schools (750,289 people), Banking & related activities (521,865 people), Computer Systems Design (485,899 people), Justice, public order, & safety activities (483,008 people), and Colleges, universities & professional schools, including junior colleges (478,184 people).

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (36 degrees awarded), Business (323 degrees), Protective Services (41 degrees), History (5 degrees), and Math & Statistics (5 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 Nichols College.
Most Common
  1. 73 degree-majorss awarded
  2. 41 degree-majorss awarded
  3. 36 degree-majorss awarded

In 2017, the most common bachelors degree concentration at Nichols College was General Business with 73 degree-majorss awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men
  1. 200
  2. 234

In 2017, 200 degrees were awarded to men at Nichols College, which is 0.855 times less than the number of degrees awarded to females (234).

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

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Most Common Male Majors

In 2017, 43 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 0.729 times less than the 59 female recipients with that same degree.

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Most Common Female Majors

In 2017, 59 degrees were awarded to women at Nichols College in General Business Administration & Management, which is 1.37 times more than the 43 male recipients with that same degree.

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Time to Complete

40%
100% Completion Time
44%
150% Completion Time

In 2017, 40% of students graduating from Nichols College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 44% completed their degrees within 150% of the normal time, and 45% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.
American Indian or Alaska Native Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Nichols College is Male and American Indian or Alaska Native (100% graduation rate). Across all Special Focus Institutions, 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, 0% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    373 degrees awarded
  2. Hispanic or Latino
    24 degrees awarded
  3. Black or African American
    19 degrees awarded

The most common race/ethnicity at Nichols College is white (373 degrees awarded). There were 15.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (24 degrees).

0% of degree recipients (0 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Female
    201 degrees awarded
  2. White Male
    172 degrees awarded
  3. Hispanic or Latino Female
    16 degrees awarded

The most common race/ethnicity and gender grouping at Nichols College is white female (201 degrees awarded). There were 1.17 times more white female recipients than the next closest race/ethnicity group, white male (172 degrees).

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Operations

Nichols College has an endowment valued at nearly $13.7M, as of the end of the 2017 fiscal year. The return on its endowment was of $2.05M (15%), compared to the 2.38% average return ($240k on $10.1M) across all Special Focus Institutions.

In 2017, Nichols College had a total salary expenditure of $37.3M. Nichols College employs 26 Assistant professors, 14 Associate professors, and 9 Professors. Most academics at Nichols College are Male Assistant professors (13), Female Assistant professors(13), and Male Professors (8).

The most common positions for non-instructional staff at Nichols College are: Management, with 30 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 22 employees, and Office and Administrative Support with 18 employees.

Finances

Endowment

$13.7M
2017 Endowment
20.6%
growth from 2016

Nichols College has an endowment valued at about $13.7M, as of the end of the 2017 fiscal year. The endowment of Nichols College grew 20.6% from the previous year. The value of their endowment was $3.58M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Business & Management Schools Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $0 - Federal
  2. $0 - State
  3. $0 - Local

As of 2017, Nichols College received $0 in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$14.1M
2017 Salaries
7.65%
growth from 2016

In 2017, Nichols College paid a median of $14.1M in salaries, which represents 37.9% of their overall expenditure ($37.3M) and a 7.65% growth from the previous year. This is compared to a 3.64% growth from 2015 and a 6.62% growth from 2014.

The median for similar Special Focus Institutions is 2.59M (39.4% of overall expenditures).

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Instructional Salaries

$3.66M
Instructional Salaries
50
Number of Employees

In 2017, Nichols College paid a total of $3.66M to 50 employees working as instructors, which represents 26% of all salaries paid.

This is compared to a median of $385k (29%) for similar Special Focus Four-Year: Business & Management Schools.

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Faculty and Staff

Occupations by Share

Assistant professor
Most Common Instructor
26 Employees
Management
Most Common Non-Instructional Employee
30 Employees

In 2017, the most common positions for instructional staff at Nichols College were Assistant professor with 26 employees; Associate professor with 14 employees; and Associate professor with 9 employees.

In 2017, the most common positions for non-instructional staff at Nichols College were Management with 30 employees; Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 22 employees; and Office and Administrative Support with 18 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Male Assistant professor
  2. Female Assistant professor
  3. Male Professor

In 2017, the most common demographic for instructional staff at Nichols College was Male Assistant professor with 13 employees, Female Assistant professor with 13 employees, and Male Professor with 8 employees.

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

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