Olivet College

https://www.uolivet.edu

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2023 Undergraduate Tuition
$32,694
3.25% growth from 2022
2023 Average Net Price
$23,533
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Acceptance Rate
97.1%
1,417 Applicants
2023 Enrolled Students
973
94.3% Full-Time
2023 Graduation Rate
37%
120 Graduates

About

Olivet College is a higher education institution located in Eaton County, MI. In 2023, the most popular Bachelors Degree concentrations at Olivet College were General Business Administration & Management (26 degrees awarded), General Biological Sciences (23 degrees), and Insurance (21 degrees).

In 2023, 216 degrees were awarded across all undergraduate and graduate programs at Olivet College. 49.5% of these degrees were awarded to women, and 50.5% awarded men. The most common race/ethnicity group of degree recipients was white (160 degrees), 4.1 times more than then the next closest race/ethnicity group, black or african american (39 degrees).

The median undergraduate tuition at Olivet College is $32,694, which is $3,414 more than the national average for Baccalaureate Colleges ($29,280).

In 2021 the default rate for borrower's at Olivet College was 0%, corresponding to 0 out of the 417 total borrowers.

Baccalaureate Colleges: Diverse FieldsBaccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Olivet College is $32,694, which is $3,414 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $23,533.

In 2023, 92% of undergraduate students attending Olivet College received financial aid through grants. Comparatively, 75% of undergraduate students received financial aid through loans.

Tuition Costs

$32,694
2023 Undergraduate Tuition

In 2023, the cost of tuition at Olivet College was $32,694. The cost of tuition at Olivet College is $3,414 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

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Average Net Price

$23,533
2023 Value
10%
1 Year Growth

In 2023 Olivet College had an average net price — the price paid after factoring in grants and loans — of $23,533. Between 2022 and 2023, the average net price of Olivet College grew by 10%.

This chart compares the average net price of Olivet 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

$10,871
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Olivet College was of $10,871 in 2023. The cost of room and board increased by 1.89% 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 Olivet College (in red) with that of similar universities.

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Financial Aid by Income Level

92%
Undergraduates Receiving Financial Aid through Grants
75%
Undergraduates Receiving Financial Aid through Loans

92% of undergraduate students at Olivet College received financial aid through grants or loans in 2023. This represents a decline of 4.17% with respect to 2022, when 96% of undergraduate students received financial aid.

This chart compares the average award discount at Olivet 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.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Olivet College was 0%, which represents 0 out of the 417 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

Olivet College received 1,417 undergraduate applications in 2023, which represents a 1.53% annual growth. Out of those 1,417 applicants, 1,376 students were accepted for enrollment, representing a 97.1% acceptance rate.

There were 973 students enrolled at Olivet College in 2023. 30% of first-time enrollees submitted SAT scores with their applications.

Olivet College has an overall enrollment yield of 24.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

97.1%
Acceptance Rate in 2023
1,376
Accepted Out of 1,417

In 2023, the undergraduate acceptance rate of Olivet College was 97.1% (1,376 admissions from 1,417 applications). This is higher than the acceptance rate of 2022, which was 84.6%. Between 2022 and 2023, the number of applicants declined by 1.53%, while admissions grew by 13%.

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

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SAT Scores

30%
Submission Percentage (2021)
65
Scores Submitted (2021)

30% of enrolled first-time students at Olivet College in 2021 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.

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Enrollment

Olivet College had a total enrollment of 973 students in 2023. The full-time enrollment at Olivet College is 918 students and the part-time enrollment is 55. This means that 94.3% of students enrolled at Olivet College are enrolled full-time.

The enrolled student population at Olivet College, both undergraduate and graduate, is 66.1% White, 16.1% Black or African American, 7.61% Two or More Races, 7.4% Hispanic or Latino, 0.617% Asian, 0.308% Native Hawaiian or Other Pacific Islanders, and 0.206% American Indian or Alaska Native.

Students enrolled at Olivet College in full-time Undergraduate programs are most commonly White Male (36%), followed by White Female (30.1%) and Black or African American Male (14.4%). Students enrolled in full-time Graduate programs are most commonly White Female (37.5%), followed by White Male (33.3%) and Black or African American Female (8.33%).

Full-Time vs Part-Time Enrollment

94.3%
Full-Time Enrollment

The total enrollment at Olivet College in 2023, both undergraduate and graduate, is 973 students. The full-time enrollment at Olivet College is 918 and the part-time enrollment is 55. This means that 94.3% of students enrolled at Olivet College are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

57%
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 Olivet College was 57%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Olivet College had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    643 enrolled students
  2. Black or African American
    157 enrolled students
  3. Two or More Races
    74 enrolled students

The enrolled student population at Olivet College is 66.1% White, 16.1% Black or African American, 7.61% Two or More Races, 7.4% Hispanic or Latino, 0.617% Asian, 0.308% Native Hawaiian or Other Pacific Islanders, and 0.206% 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, 15 students (1.54%) did not report their race.

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Graduates

In 2023, 2 fewer women than men received degrees from Olivet College. The most common race/ethnicity group of degree recipients at Olivet College is white (160 degrees awarded). There were 4.1 times more white recipients than the next closest race/ethnicity group, black or african american (39 degrees).

The most common Bachelor's Degree concentration at Olivet College is General Business Administration & Management (26 degrees awarded), followed by General Biological Sciences (23 degrees) and Insurance (21 degrees).

In 2023,  the most specialized majors across all degree types at Olivet College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (28 degrees awarded), Natural Resources & Conservation (8 degrees), and Protective Services (21 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 Olivet College are Physicians (447,138 people), Other managers (287,567 people), Elementary & middle school teachers (216,733 people), Postsecondary teachers (183,269 people), and Police officers (164,080 people).

The most specialized majors at Olivet College in 2023 are Parks, Recreation, & Leisure (28 degrees awarded), Natural Resources & Conservation (8 degrees), Protective Services (21 degrees), Biology (23 degrees), and Psychology (22 degrees) (as of 2023).

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Highest Paying Jobs by Major

Diagnostic medical sonographers
Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Olivet College are Diagnostic medical sonographers, Surgeons, Physicians, Nurse anesthetists, and Chief executives & legislators

The most specialized majors at Olivet College are Parks, Recreation, & Leisure (28 degrees awarded), Natural Resources & Conservation (8 degrees), Protective Services (21 degrees), Biology (23 degrees), and Psychology (22 degrees) (as of 2023).

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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 Olivet College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (713,599 people), Elementary & secondary schools (641,127 people), uninformed (528,790 people), Colleges, universities & professional schools, including junior colleges (502,212 people), and Justice, public order, & safety activities (423,263 people).

The most specialized majors at Olivet College are Parks, Recreation, & Leisure (28 degrees awarded), Natural Resources & Conservation (8 degrees), Protective Services (21 degrees), Biology (23 degrees), and Psychology (22 degrees) (as of 2023).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Olivet College.
Most Common (2023)
  1. General Business Administration & Management
    26 degrees awarded
  2. General Biological Sciences
    23 degrees awarded
  3. Insurance
    21 degrees awarded

In 2023, the most common bachelors degree concentration at Olivet College was General Business Administration & Management with 26 degrees awarded.

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

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Sex Breakdown for Common Majors

109
Degrees Awarded to Men
in 2023
107
Degrees Awarded to Women
in 2023

In 2023, 109 degrees were awarded to men at Olivet College, which is 1.02 times more than the number of degrees awarded to females (107).

This chart displays the sex disparity between the top 5 majors at Olivet College by degrees awarded.

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Most Common Male Majors

In 2023, 20 degrees were awarded to men at Olivet College in Insurance, which is 0.952 times less than the 21 female recipients with that same degree.

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Most Common Female Majors

In 2023, 21 degrees were awarded to men at Olivet College in Insurance, which is 1.05 times more than the 20 male recipients with that same degree.

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Time to Complete

37%
100% Completion Time
44%
150% Completion Time

In 2023, 37% of students graduating from Olivet 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 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Asian Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Olivet College is Female and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (74.3%).

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, 0.833% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    160 degrees awarded
  2. Black or African American
    39 degrees awarded
  3. Hispanic or Latino
    8 degrees awarded

The most common race/ethnicity at Olivet College is white (160 degrees awarded). There were 4.1 times more white recipients than the next closest race/ethnicity group, black or african american (39 degrees).

1.85% of degree recipients (4 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    86 degrees awarded
  2. White Male
    74 degrees awarded
  3. Black or African American Male
    26 degrees awarded

The most common race/ethnicity and sex grouping at Olivet College is white female (86 degrees awarded). There were 1.16 times more white female recipients than the next closest race/ethnicity group, white male (74 degrees).

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Operations

Olivet College has an endowment valued at nearly $24.9M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.71M (10.9%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Olivet College had a total salary expenditure of 26.1M. Olivet College employs 18 Professors, 15 Assistant professors and 13 Associate professors. Most academics at Olivet College are Female Professor (11), Female Assistant professor (10), and Male Associate professor (7).

The most common positions for non-instructional staff at Olivet College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 51 employees, Management, with 32 employees, and Service with 21 employees.

Endowment

$24.9M
2023 Endowment
13.5%
growth from 2022

Olivet College has an endowment valued at about $24.9M, as of the end of the 2023 fiscal year. The endowment of Olivet College grew 13.5% from the previous year. The value of their endowment was $26.5M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Olivet College (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.

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Salary Expenditure

$11.6M
2023 Salaries
11.5%
growth from 2022

In 2023, Olivet College paid a median of $11.6M in salaries, which represents 44.4% of their overall expenditure ($26.1M) and a 11.5% growth from the previous year. This is compared to a 2.07% growth between 2021 and 2022, and a 0.833% growth between 2020 and 2021.

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Instructional Salaries

$2.98M
Instructional Salaries
46
Number of Employees

In 2023, Olivet College paid a total of $2.98M to 46 employees working as instructors, which represents 25.7% of all salaries paid.

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

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Occupations by Share

Professor
Most Common Instructor
18 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
51 Employees

In 2023, the most common positions for instructional staff at Olivet College were Professor with 18 employees, Assistant professor with 15 employees, and Associate professor with 13 employees.

In 2023, the most common positions for non-instructional staff at Olivet College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 51 employees, Management with 32 employees, and Service with 21 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Female Professor
  2. Female Assistant professor
  3. Male Associate professor

In 2023, the most common demographic for instructional staff at Olivet College was Female Professor with 11 employees, Female Assistant professor with 10 employees, and Male Associate professor with 7 employees.

This chart shows the sex split between each academic rank present at Olivet College.

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