Oakwood University

www.oakwood.edu

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2023 Undergraduate Tuition

$20,722

9.21% growth from 2022

2023 Average Net Price

$22,833

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

50.5%

2,370 Applicants

2023 Enrolled Students

1,319

92.4% Full-Time

2023 Graduation Rate

49.9%

178 Graduates

About

Oakwood University is a higher education institution located in Madison County, AL. In 2023, the most popular Bachelors Degree concentrations at Oakwood University were General Studies (25 degrees awarded), General Biological Sciences (24 degrees), and Theological Studies (13 degrees).

In 2023, 200 degrees were awarded across all undergraduate and graduate programs at Oakwood University. 65% of these degrees were awarded to women, and 35% awarded men. The most common race/ethnicity group of degree recipients was black or african american (158 degrees), 11.3 times more than then the next closest race/ethnicity group, hispanic or latino (14 degrees).

The median undergraduate tuition at Oakwood University is $20,722, which is $−8,558 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Oakwood University was 0%, corresponding to 0 out of the 502 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Oakwood University is $20,722, which is $8,558 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $22,833.

In 2023, 93% of undergraduate students attending Oakwood University received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

Tuition Costs

$20,722

2023 Undergraduate Tuition

In 2023, the cost of tuition at Oakwood University was $20,722. The cost of tuition at Oakwood University is $−8,558 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$22,833

2023 Value

17.9%

1 Year Growth

In 2023 Oakwood University had an average net price — the price paid after factoring in grants and loans — of $22,833. Between 2022 and 2023, the average net price of Oakwood University grew by 17.9%.

This chart compares the average net price of Oakwood University (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

$11,112

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Oakwood University was of $11,112 in 2023. The cost of room and board increased by 0.045% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

58%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Oakwood University received financial aid through grants or loans in 2023. This represents a decline of 2.11% with respect to 2022, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Oakwood University (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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Oakwood University was 0%, which represents 0 out of the 502 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.

Admissions

Oakwood University received 2,370 undergraduate applications in 2023, which represents a 63.9% annual growth. Out of those 2,370 applicants, 1,197 students were accepted for enrollment, representing a 50.5% acceptance rate.

There were 1,319 students enrolled at Oakwood University in 2023. 45% of first-time enrollees submitted SAT scores with their applications.

Oakwood University has an overall enrollment yield of 24.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

50.5%

Acceptance Rate in 2023

1,197

Accepted Out of 2,370

In 2023, the undergraduate acceptance rate of Oakwood University was 50.5% (1,197 admissions from 2,370 applications). This is lower than the acceptance rate of 2022, which was 68%. Between 2022 and 2023, the number of applicants grew by 63.9%, while admissions grew by 21.6%.

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

SAT Scores

45%

Submission Percentage (2019)

136

Scores Submitted (2019)

45% of enrolled first-time students at Oakwood University in 2019 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Oakwood University had a total enrollment of 1,319 students in 2023. The full-time enrollment at Oakwood University is 1,219 students and the part-time enrollment is 100. This means that 92.4% of students enrolled at Oakwood University are enrolled full-time.

The enrolled student population at Oakwood University, both undergraduate and graduate, is 69.2% Black or African American, 7.73% Hispanic or Latino, 2.5% Two or More Races, 1.44% White, and 0.227% American Indian or Alaska Native.

Students enrolled at Oakwood University in full-time Undergraduate programs are most commonly Black or African American Female (41.7%), followed by Black or African American Male (30.1%) and Hispanic or Latino Female (4.6%). Students enrolled in full-time Graduate programs are most commonly Black or African American Female (47.9%), followed by Black or African American Male (31.3%) and Hispanic or Latino Male (6.25%).

Full-Time vs Part-Time Enrollment

92.4%

Full-Time Enrollment

The total enrollment at Oakwood University in 2023, both undergraduate and graduate, is 1,319 students. The full-time enrollment at Oakwood University is 1,219 and the part-time enrollment is 100. This means that 92.4% of students enrolled at Oakwood University are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

Retention Rate over Time

64%

2023 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 Oakwood University was 64%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Oakwood University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

Black or African American
913 enrolled students
Hispanic or Latino
102 enrolled students
Two or More Races
33 enrolled students

The enrolled student population at Oakwood University is 69.2% Black or African American, 7.73% Hispanic or Latino, 2.5% Two or More Races, 1.44% White, and 0.227% 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 Baccalaureate Colleges is 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 57 students (4.32%) did not report their race.

Graduates

In 2023, 60 more women than men received degrees from Oakwood University. The most common race/ethnicity group of degree recipients at Oakwood University is black or african american (158 degrees awarded). There were 11.3 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (14 degrees).

The most common Bachelor's Degree concentration at Oakwood University is General Studies (25 degrees awarded), followed by General Biological Sciences (24 degrees) and Theological Studies (13 degrees).

In 2023, the most specialized majors across all degree types at Oakwood University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (17 degrees awarded), Biology (40 degrees), and Language & Linguistics (6 degrees).

Common Jobs by Major

Physicians

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Oakwood University are Physicians (404,788 people), Other managers (273,123 people), Elementary & middle school teachers (171,023 people), Social workers, all other (170,559 people), and Postsecondary teachers (170,145 people).

The most specialized majors at Oakwood University in 2023 are Theology (17 degrees awarded), Biology (40 degrees), Language & Linguistics (6 degrees), Public Administration and Social Service (8 degrees), and Communications (8 degrees) (as of 2023).

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 Oakwood University are Surgeons, Cardiovascular technologists and technicians, Nuclear medicine technologists and medical dosimetrists, Securities, commodities, & financial services sales agents, and Aircraft pilots & flight engineers

The most specialized majors at Oakwood University are Theology (17 degrees awarded), Biology (40 degrees), Language & Linguistics (6 degrees), Public Administration and Social Service (8 degrees), and Communications (8 degrees) (as of 2023).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Oakwood University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (522,913 people), Colleges, universities & professional schools, including junior colleges (398,755 people), Elementary & secondary schools (396,873 people), Offices of physicians (203,384 people), and Scientific research & development services (152,671 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Oakwood University.

Most Common (2023)

General Studies
25 degrees awarded
General Biological Sciences
24 degrees awarded
Theological Studies
13 degrees awarded

In 2023, the most common bachelors degree concentration at Oakwood University was General Studies with 25 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

130

Degrees Awarded to Women

in 2023

In 2023, 70 degrees were awarded to men at Oakwood University, which is 0.538 times less than the number of degrees awarded to females (130).

This chart displays the sex disparity between the top 5 majors at Oakwood University by degrees awarded.

Most Common Male Majors

In 2023, 11 degrees were awarded to men at Oakwood University in Theological Studies, which is 5.5 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2023, 19 degrees were awarded to men at Oakwood University in General Biological Sciences, which is 3.8 times more than the 5 male recipients with that same degree.

Time to Complete

27%

100% Completion Time

49%

150% Completion Time

In 2023, 27% of students graduating from Oakwood University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 49% 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 Baccalaureate Colleges 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Oakwood University is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

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, 5.06% of graduates (9 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

Black or African American
158 degrees awarded
Hispanic or Latino
14 degrees awarded
Asian
2 degrees awarded

The most common race/ethnicity at Oakwood University is black or african american (158 degrees awarded). There were 11.3 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (14 degrees).

2% of degree recipients (4 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

Black or African American Female
107 degrees awarded
Black or African American Male
51 degrees awarded
Hispanic or Latino Male
8 degrees awarded

The most common race/ethnicity and sex grouping at Oakwood University is black or african american female (107 degrees awarded). There were 2.1 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (51 degrees).

Operations

Oakwood University has an endowment valued at nearly $13.6M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.71M (19.9%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Oakwood University had a total salary expenditure of 66.6M. Oakwood University employs 46 Assistant professors, 32 Associate professors and 19 Professors. Most academics at Oakwood University are Male Assistant professor (23), Female Assistant professor (23), and Female Associate professor (18).

The most common positions for non-instructional staff at Oakwood University are: Management, with 34 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 33 employees, and Office and Administrative Support with 24 employees.

Endowment

$13.6M

2023 Endowment

31.2%

decline from 2022

Oakwood University has an endowment valued at about $13.6M, as of the end of the 2023 fiscal year. The endowment of Oakwood University declined 31.2% from the previous year. The value of their endowment was $37.8M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$16.6M

2023 Salaries

1.71%

growth from 2022

In 2023, Oakwood University paid a median of $16.6M in salaries, which represents 24.9% of their overall expenditure ($66.6M) and a 1.71% growth from the previous year. This is compared to a 3.82% growth between 2021 and 2022, and a 9.9% decline between 2020 and 2021.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$5.44M

Instructional Salaries

Number of Employees

In 2023, Oakwood University paid a total of $5.44M to 97 employees working as instructors, which represents 32.8% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

46 Employees

Management

Most Common Non-Instructional Employee

34 Employees

In 2023, the most common positions for instructional staff at Oakwood University were Assistant professor with 46 employees, Associate professor with 32 employees, and Professor with 19 employees.

In 2023, the most common positions for non-instructional staff at Oakwood University were Management with 34 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 33 employees, and Office and Administrative Support with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Female Assistant professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Oakwood University was Male Assistant professor with 23 employees, Female Assistant professor with 23 employees, and Female Associate professor with 18 employees.

This chart shows the sex split between each academic rank present at Oakwood University.

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