Nichols College

www.nichols.edu

2024 Undergraduate Tuition

$41,115

5.9% growth from 2023

2024 Average Net Price

$32,337

After Financial Aid

2023 Default Rate

0.246%

on Student Loans

2024 Acceptance Rate

80.8%

2,296 Applicants

2024 Enrolled Students

1,392

80.8% Full-Time

2024 Graduation Rate

62.6%

221 Graduates

Costs

In 2024, the median undergraduate tuition at Nichols College is $41,115, which is $17,115 more than the national average for Masters Colleges and Universities ($24,000).

After taking grants and loans into account, the average net price for students is $32,337.

In 2024, 91% of undergraduate students attending Nichols College received financial aid through grants. Comparatively, 69% of undergraduate students received financial aid through loans.

Tuition Costs

$41,115

2024 Undergraduate Tuition

In 2024, the cost of tuition at Nichols College was $41,115. The cost of tuition at Nichols College is $17,115 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

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

Average Net Price

$32,337

2024 Value

4.21%

1 Year Growth

In 2024 Nichols College had an average net price — the price paid after factoring in grants and loans — of $32,337. Between 2023 and 2024, the average net price of Nichols College grew by 4.21%.

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.

Other Student Expenses

$11,675

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Nichols College was of $11,675 in 2024. The cost of room and board increased by 4.85% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies increased by 7.14% during the same period.

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

Financial Aid by Income Level

91%

Undergraduates Receiving Financial Aid through Grants

69%

Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Nichols College received financial aid through grants or loans in 2024. This represents a decline of 4.21% with respect to 2023, when 95% 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.

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.

0.246%

2023 Default Rate

Number of Defaults

In 2023 the default rate for borrower's at Nichols College was 0.246%, which represents 1 out of the 407 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.

Enrollment

Nichols College had a total enrollment of 1,392 students in 2024. The full-time enrollment at Nichols College is 1,125 students and the part-time enrollment is 267. This means that 80.8% of students enrolled at Nichols College are enrolled full-time.

The enrolled student population at Nichols College, both undergraduate and graduate, is 73.7% White, 10.4% Hispanic or Latino, 6.75% Black or African American, 3.09% Two or More Races, 1.36% Asian, and 0.287% American Indian or Alaska Native.

Students enrolled at Nichols College in full-time Undergraduate programs are most commonly White Male (48.5%), followed by White Female (24.4%) and Hispanic or Latino Male (6.71%). Students enrolled in full-time Graduate programs are most commonly White Male (46.7%), followed by White Female (34.2%) and Hispanic or Latino Female (3.33%).

Full-Time vs Part-Time Enrollment

80.8%

Full-Time Enrollment

The total enrollment at Nichols College in 2024, both undergraduate and graduate, is 1,392 students. The full-time enrollment at Nichols College is 1,125 and the part-time enrollment is 267. This means that 80.8% of students enrolled at Nichols College are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

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

Retention Rate over Time

72%

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 Nichols College was 72%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Nichols College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
1,026 enrolled students
Hispanic or Latino
145 enrolled students
Black or African American
94 enrolled students

The enrolled student population at Nichols College is 73.7% White, 10.4% Hispanic or Latino, 6.75% Black or African American, 3.09% Two or More Races, 1.36% Asian, and 0.287% 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 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 27 students (1.94%) did not report their race.

Operations

Nichols College has an endowment valued at nearly $31.7M, as of the end of the 2024 fiscal year. The return on its endowment was of 5.38M (17%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

In 2024, Nichols College had a total salary expenditure of 43.5M. Nichols College employs 23 Assistant professors, 18 Associate professors and 8 Professors. Most academics at Nichols College are Male Associate professor (13), Male Assistant professor (12), and Female Assistant professor (11).

The most common positions for non-instructional staff at Nichols College are: Management, with 59 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 27 employees, and Office and Administrative Support with 15 employees.

Endowment

$31.7M

2024 Endowment

4.78%

growth from 2023

Nichols College has an endowment valued at about $31.7M, as of the end of the 2024 fiscal year. The endowment of Nichols College grew 4.78% from the previous year. The value of their endowment was $14.2M lower than than the median endowment of Masters Colleges and Universities 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 Masters Colleges & Universities: Medium Programs Carnegie Classification grouping.

Salary Expenditure

$16.2M

2024 Salaries

6.53%

growth from 2023

In 2024, Nichols College paid a median of $16.2M in salaries, which represents 37.2% of their overall expenditure ($43.5M) and a 6.53% growth from the previous year. This is compared to a 4.11% growth between 2022 and 2023, and a 3.43% growth between 2021 and 2022.

Instructional Salaries

$4.28M

Instructional Salaries

Number of Employees

In 2024, Nichols College paid a total of $4.28M to 49 employees working as instructors, which represents 26.5% of all salaries paid.

This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Nichols College were Management with 59 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 27 employees, and Office and Administrative Support with 15 employees.

Nichols College

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Nichols College

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About

Costs

Tuition Costs

Average Net Price

Other Student Expenses

Financial Aid by Income Level

Student Loan Default Rate

Admissions

Acceptance Rate

SAT Scores

Enrollment

Full-Time vs Part-Time Enrollment

Retention Rate over Time

Enrollment by Race & Ethnicity

Graduates

Common Jobs by Major

Highest Paying Jobs by Major

Common Industries by Major

Majors Awarded

Sex Breakdown for Common Majors

Most Common Male Majors

Most Common Female Majors

Time to Complete

Race & Ethnicity by Share

Race & Ethnicity by Sex

Operations

Endowment

Salary Expenditure

Instructional Salaries

Occupations by Share

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