Nichols College

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2019 Undergraduate Tuition
$34,615
2.41% growth from 2018
2019 Average Net Price
$28,532
After Financial Aid
2017 Student Loan
10.8%
Default Rate
2019 Acceptance Rate
79.7%
2,488 Applicants
2019 Enrolled Students
1,560
79.7% Full-Time
2018 Graduation Rate
55.5%
183 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 (68 degrees awarded), Sport & Fitness Management (40 degrees), and General Marketing & Marketing Management (35 degrees).

In 2019, 434 degrees were awarded across all undergraduate and graduate programs at Nichols College. 45.4% of these degrees were awarded to women, and 54.6% awarded men. The most common race/ethnicity group of degree recipients was white (350 degrees), 12.1 times more than then the next closest race/ethnicity group, hispanic or latino (29 degrees).

The median undergraduate tuition at Nichols College is $34,615, which is $20,115 more than the national average for Special Focus Institutions ($14,500).

Costs

The median undergraduate tuition at Nichols College is $34,615, which is $20,115 more than the national average for Special Focus Institutions ($14,500).

After taking grants and loans into account, the average net price for students is $28,532.

In 2019, 96% of undergraduate students received federal grants, while 76% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$34,615
2019 Undergraduate Tuition

In 2019, the cost of tuition at Nichols College was $34,615. The cost of tuition at Nichols College is $20,115 more than than the overall (public and private) national average for Special Focus Institutions ($14,500).

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Average Net Price

$28,532
2019 Value
2.15%
1 Year Growth

In 2019 Nichols College had an average net price — the price paid after factoring in grants and loans — of $28,532. Between 2018 and 2019, the average net price of Nichols College grew by 2.15%.

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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

$10,225
Room and Board
$1,400
Books and Supplies

The average yearly cost of room and board at Nichols College was of $10,225 in 2019. During the same period, the average yearly cost of books and supplies was $1,400. The cost of room and board increased by 0.739% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

96%
Of Undergraduates Receive Grants
76%
Of Undergraduates Receive Federal Loans

96% of undergraduate students at Nichols College received grants or loans in 2019. This represents a growth of 2.13% with respect to 2018, when 94% 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.
10.8%
2017 Default Rate
49
Number of Defaults

In 2017 the default rate for borrower's at Nichols College was 10.8%, which represents 49 out of the 453 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 2,488 undergraduate applications in 2019, which represents a 2.18% annual growth. Out of those 2,488 applicants, 1,984 students were accepted for enrollment, representing a 79.7% acceptance rate.

There were 1,560 students enrolled at Nichols College in 2019, and N/A% of first-time enrollees submitted SAT scores with their applications.

Nichols College has an overall enrollment yield of 17.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

79.7%
Acceptance Rate in 2019
1,984
Accepted Out of 2,488

In 2019, the undergraduate acceptance rate of Nichols College was 79.7% (1,984 admissions from 2,488 applications). This is lower than the acceptance rate of 2018, which was 82.3%. Between 2018 and 2019, the number of applicants grew by 2.18%, while admissions declined by −0.949%.

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 2019 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 1,560 students. The full-time enrollment at Nichols College is 1,243 students and the part-time enrollment is 317. This means that 79.7% of students enrolled at Nichols College are enrolled full-time.

The enrolled student population at Nichols College, both undergraduate and graduate, is 77.1% White, 8.97% Hispanic or Latino, 6.28% Black or African American, 3.53% Two or More Races, 1.41% Asian, 0.385% American Indian or Alaska Native, and 0.128% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Nichols College in full-time Undergraduate programs are most commonly White Male (48.7%), followed by White Female (28.1%) and Hispanic or Latino Male (5.01%). Students enrolled in full-time Graduate programs are most commonly White Female (46.2%), followed by White Male (38.5%) and Black or African American Female (3.85%).

Full-Time vs Part-Time Enrollment

79.7%
Full-Time Enrollment

The total enrollment at Nichols College, both undergraduate and graduate, is 1,560 students. The full-time enrollment at Nichols College is 1,243 and the part-time enrollment is 317. This means that 79.7% of students enrolled at Nichols College are enrolled full-time compared with 70.4% 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

76%
2019 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 76%. Compared with the full-time retention rate at similar Special Focus Institutions (72%), 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
    1,202
  2. Hispanic or Latino
    140
  3. Black or African American
    98

The enrolled student population at Nichols College is 77.1% White, 8.97% Hispanic or Latino, 6.28% Black or African American, 3.53% Two or More Races, 1.41% Asian, 0.385% American Indian or Alaska Native, and 0.128% 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 44.8% White, 15.6% Hispanic or Latino, and 14.5% 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, 6 students (0.385%) did not report their race.

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Graduates

In 2019, 40 fewer women than men received degrees from Nichols College. The most common race/ethnicity group of degree recipients at Nichols College is white (350 degrees awarded). There were 12.1 times more white graduates than the next closest race/ethnicity group, hispanic or latino (29 degrees).

The most common Bachelor's Degree concentration at Nichols College is General Business (68 degrees awarded), followed by Sport & Fitness Management (40 degrees) and General Marketing & Marketing Management (35 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 (40 degrees awarded), Business (336 degrees), and Protective Services (36 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 (1,012,718 people), Other managers (831,954 people), Financial managers (521,818 people), Chief executives & legislators (413,745 people), and Elementary & middle school teachers (320,085 people).

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (40 degrees awarded), Business (336 degrees), Protective Services (36 degrees), History (3 degrees), and Psychology (14 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 Nichols College are Surgeons, Agents & business managers of artists, performers, & athletes, Computer hardware engineers, Physicians, and Chief executives & legislators

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (40 degrees awarded), Business (336 degrees), Protective Services (36 degrees), History (3 degrees), and Psychology (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 Nichols College are Elementary & secondary schools (983,564 people), Colleges, universities & professional schools, including junior colleges (582,343 people), Justice, public order, & safety activities (568,580 people), Computer Systems Design (545,207 people), and Banking & related activities (525,226 people).

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (40 degrees awarded), Business (336 degrees), Protective Services (36 degrees), History (3 degrees), and Psychology (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 Nichols College.
Most Common
  1. 68 degree-majorss awarded
  2. 40 degree-majorss awarded
  3. 35 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Nichols College was General Business with 68 degrees 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

237
Degrees Awarded to Men
in 2019
197
Degrees Awarded to Women
in 2019

In 2019, 237 degrees were awarded to men at Nichols College, which is 1.2 times more than the number of degrees awarded to females (197).

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 2019, 50 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 0.962 times less than the 52 female recipients with that same degree.

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Most Common Female Majors

In 2019, 52 degrees were awarded to women at Nichols College in General Business Administration & Management, which is 1.04 times more than the 50 male recipients with that same degree.

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Time to Complete

48%
100% Completion Time
51%
150% Completion Time

In 2019, 48% of students graduating from Nichols College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 51% completed their degrees within 150% of the normal time, and 52% 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 (69.1%).

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
    350 degrees awarded
  2. Hispanic or Latino
    29 degrees awarded
  3. Black or African American
    24 degrees awarded

The most common race/ethnicity at Nichols College is white (350 degrees awarded). There were 12.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (29 degrees).

0.23% of degree recipients (1 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    185 degrees awarded
  2. White Female
    165 degrees awarded
  3. Black or African American Male
    17 degrees awarded

The most common race/ethnicity and gender grouping at Nichols College is white male (185 degrees awarded). There were 1.12 times more white male recipients than the next closest race/ethnicity group, white female (165 degrees).

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Operations

Nichols College has an endowment valued at nearly $17.3M, as of the end of the 2019 fiscal year. The return on its endowment was of $1.01M (5.84%), compared to the 2.77% average return ($279k on $10.1M) across all Special Focus Institutions.

In 2019, Nichols College had a total salary expenditure of $38.7M. Nichols College employs 22 Associate professors, 18 Assistant professors, and 6 Professors. Most academics at Nichols College are Female Associate professors (12), Female Assistant professors(12), and Male Associate professors (10).

The most common positions for non-instructional staff at Nichols College are: Management, with 36 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 31 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 21 employees.

Finances

Endowment

$17.3M
2019 Endowment
12.5%
growth from 2018

Nichols College has an endowment valued at about $17.3M, as of the end of the 2019 fiscal year. The endowment of Nichols College grew 12.5% from the previous year. The value of their endowment was $7.24M 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 2019, 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

$14.5M
2019 Salaries
4.05%
growth from 2018

In 2019, Nichols College paid a median of $14.5M in salaries, which represents 37.5% of their overall expenditure ($38.7M) and a 4.05% growth from the previous year. This is compared to a 1.29% decline from 2017 and a 7.65% growth from 2016.

The median for similar Special Focus Institutions is 2.89M (42.3% of overall expenditures).

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Instructional Salaries

$3.97M
Instructional Salaries
46
Number of Employees

In 2019, Nichols College paid a total of $3.97M to 46 employees working as instructors, which represents 27.4% of all salaries paid.

This is compared to a median of $857k (29.6%) for similar Special Focus Institutions.

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Faculty and Staff

Occupations by Share

Associate professor
Most Common Instructor
22 Employees
Management
Most Common Non-Instructional Employee
36 Employees

In 2019, the most common positions for instructional staff at Nichols College were Associate professor with 22 employees; Assistant professor with 18 employees; and Assistant professor with 6 employees.

In 2019, the most common positions for non-instructional staff at Nichols College were Management with 36 employees; Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 31 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 21 employees.

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Instructors by Academic Rank and Gender

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

In 2019, the most common demographic for instructional staff at Nichols College was Female Associate professor with 12 employees, Female Assistant professor with 12 employees, and Male Associate professor with 10 employees.

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

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