Rust College

www.rustcollege.edu

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2023 Undergraduate Tuition

$11,385

15% growth from 2022

2023 Average Net Price

$8,234

After Financial Aid

2021 Default Rate

on Student Loans

2023 Acceptance Rate

34.7%

1,715 Applicants

2023 Enrolled Students

429

98.8% Full-Time

2023 Graduation Rate

27%

38 Graduates

About

Rust College is a higher education institution located in Marshall County, MS. In 2023, the most popular Bachelors Degree concentrations at Rust College were General Biological Sciences (22 degrees awarded), General Business Administration & Management (17 degrees), and Broadcast Journalism (13 degrees).

In 2023, 80 degrees were awarded across all undergraduate and graduate programs at Rust College. 55% of these degrees were awarded to women, and 45% awarded men. The most common race/ethnicity group of degree recipients was black or african american (78 degrees).

The median undergraduate tuition at Rust College is $11,385, which is $−17,895 less than the national average for Baccalaureate Colleges ($29,280).

In 2021 the default rate for borrower's at Rust College was 0%, corresponding to 0 out of the 362 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Rust College is $11,385, which is $17,895 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $8,234.

In 2023, 95% of undergraduate students attending Rust College received financial aid through grants. Comparatively, 63% of undergraduate students received financial aid through loans.

Tuition Costs

$11,385

2023 Undergraduate Tuition

In 2023, the cost of tuition at Rust College was $11,385. The cost of tuition at Rust College is $−17,895 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$8,234

2023 Value

1.02%

1 Year Growth

In 2023 Rust College had an average net price — the price paid after factoring in grants and loans — of $8,234. Between 2022 and 2023, the average net price of Rust College grew by 1.02%.

This chart compares the average net price of Rust 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

$4,800

Room and Board

$500

Books and Supplies

The average yearly cost of room and board at Rust College was of $4,800 in 2023. The cost of room and board increased by 10.3% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $500. The cost of books and supplies increased by 100% during the same period.

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

Financial Aid by Income Level

95%

Undergraduates Receiving Financial Aid through Grants

63%

Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Rust College received financial aid through grants or loans in 2023. This represents a growth of 33.8% with respect to 2022, when 71% of undergraduate students received financial aid.

This chart compares the average award discount at Rust 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.

2021 Default Rate

Number of Defaults

In 2021 the default rate for borrower's at Rust College was 0%, which represents 0 out of the 362 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

Rust College received 1,715 undergraduate applications in 2023, which represents a 30.5% annual growth. Out of those 1,715 applicants, 595 students were accepted for enrollment, representing a 34.7% acceptance rate.

There were 429 students enrolled at Rust College in 2023.

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

Acceptance Rate

34.7%

Acceptance Rate in 2023

595

Accepted Out of 1,715

In 2023, the undergraduate acceptance rate of Rust College was 34.7% (595 admissions from 1,715 applications). This is lower than the acceptance rate of 2022, which was 78.8%. Between 2022 and 2023, the number of applicants declined by 30.5%, while admissions declined by 69.4%.

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

SAT Scores

0% of enrolled first-time students at Rust College in 2023 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

Rust College had a total enrollment of 429 students in 2023. The full-time enrollment at Rust College is 424 students and the part-time enrollment is 5. This means that 98.8% of students enrolled at Rust College are enrolled full-time.

The enrolled student population at Rust College, both undergraduate and graduate, is 92.8% Black or African American, 0.466% Hispanic or Latino, 0.466% American Indian or Alaska Native, 0.466% Asian, and 0.233% White.

Students enrolled at Rust College in full-time Undergraduate programs are most commonly Black or African American Female (54.6%), followed by Black or African American Male (40.8%) and Hispanic or Latino Female (0.297%).

Full-Time vs Part-Time Enrollment

98.8%

Full-Time Enrollment

The total enrollment at Rust College in 2023, both undergraduate and graduate, is 429 students. The full-time enrollment at Rust College is 424 and the part-time enrollment is 5. This means that 98.8% of students enrolled at Rust 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 Rust College (in red) compares to similar universities.

Retention Rate over Time

10%

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 Rust College was 10%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Rust College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

Black or African American
398 enrolled students
Hispanic or Latino
2 enrolled students
American Indian or Alaska Native
2 enrolled students

The enrolled student population at Rust College is 92.8% Black or African American, 0.466% Hispanic or Latino, 0.466% American Indian or Alaska Native, 0.466% Asian, and 0.233% White. 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, 6 students (1.4%) did not report their race.

Graduates

In 2023, 8 more women than men received degrees from Rust College. The most common race/ethnicity group of degree recipients at Rust College is black or african american (78 degrees awarded).

The most common Bachelor's Degree concentration at Rust College is General Biological Sciences (22 degrees awarded), followed by General Business Administration & Management (17 degrees) and Broadcast Journalism (13 degrees).

In 2023, the most specialized majors across all degree types at Rust College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communications (14 degrees awarded), Biology (22 degrees), and Math & Statistics (3 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 Rust College are Physicians (463,615 people), Other managers (317,850 people), Postsecondary teachers (256,183 people), Elementary & middle school teachers (192,019 people), and Other Physical Scientists (183,873 people).

The most specialized majors at Rust College in 2023 are Communications (14 degrees awarded), Biology (22 degrees), Math & Statistics (3 degrees), Human Sciences (3 degrees), and Physical Sciences (2 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 Rust College are Surgeons, Physicians, Magnetic resonance imaging technologists, Securities, commodities, & financial services sales agents, and Chief executives & legislators

The most specialized majors at Rust College are Communications (14 degrees awarded), Biology (22 degrees), Math & Statistics (3 degrees), Human Sciences (3 degrees), and Physical Sciences (2 degrees) (as of 2023).

Common Industries by Major

uninformed

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Rust College are uninformed (645,037 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (607,958 people), Colleges, universities & professional schools, including junior colleges (588,673 people), Elementary & secondary schools (522,539 people), and Computer Systems Design (291,351 people).

Majors Awarded

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

Most Common (2023)

General Biological Sciences
22 degrees awarded
General Business Administration & Management
17 degrees awarded
Broadcast Journalism
13 degrees awarded

In 2023, the most common bachelors degree concentration at Rust College was General Biological Sciences with 22 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 36 degrees were awarded to men at Rust College, which is 0.818 times less than the number of degrees awarded to females (44).

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

Most Common Male Majors

In 2023, 10 degrees were awarded to men at Rust College in Broadcast Journalism, which is 3.33 times more than the 3 female recipients with that same degree.

Most Common Female Majors

In 2023, 16 degrees were awarded to men at Rust College in General Biological Sciences, which is 2.67 times more than the 6 male recipients with that same degree.

Time to Complete

14%

100% Completion Time

23%

150% Completion Time

In 2023, 14% of students graduating from Rust College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 23% completed their degrees within 150% of the normal time, and 25% 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.

Black or African American Female

Highest Graduation Rate (29%)

The student demographic with the highest graduation rate in 2023 at Rust College is Female and Black or African American (29% 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.

Race & Ethnicity by Share

Black or African American

Most Common Student Race or Ethnicity (2023)

78 degrees awarded

The most common race/ethnicity at Rust College is black or african american (78 degrees awarded).

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

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

Black or African American Female
44 degrees awarded
Black or African American Male
34 degrees awarded

The most common race/ethnicity and sex grouping at Rust College is black or african american female (44 degrees awarded). There were 1.29 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (34 degrees).

Operations

Rust College has an endowment valued at nearly $45.8M, as of the end of the 2023 fiscal year. The return on its endowment was of 5.58M (12.2%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Rust College had a total salary expenditure of 21.7M. Rust College employs 18 Assistant professors, 9 Instructors and 8 Associate professors. Most academics at Rust College are Female Assistant professor (11), Male Assistant professor (7), and Female Instructor (5).

The most common positions for non-instructional staff at Rust College are: Management, with 27 employees, Office and Administrative Support, with 24 employees, and Service with 20 employees.

Endowment

$45.8M

2023 Endowment

7.08%

growth from 2022

Rust College has an endowment valued at about $45.8M, as of the end of the 2023 fiscal year. The endowment of Rust College grew 7.08% from the previous year. The value of their endowment was $5.64M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Rust 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.

Salary Expenditure

$6.91M

2023 Salaries

2.61%

growth from 2022

In 2023, Rust College paid a median of $6.91M in salaries, which represents 31.9% of their overall expenditure ($21.7M) and a 2.61% growth from the previous year. This is compared to a 5.3% growth between 2021 and 2022, and a 7.25% decline between 2020 and 2021.

Instructional Salaries

$1.84M

Instructional Salaries

Number of Employees

In 2023, Rust College paid a total of $1.84M to 35 employees working as instructors, which represents 26.6% 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

18 Employees

Management

Most Common Non-Instructional Employee

27 Employees

In 2023, the most common positions for instructional staff at Rust College were Assistant professor with 18 employees, Instructor with 9 employees, and Associate professor with 8 employees.

In 2023, the most common positions for non-instructional staff at Rust College were Management with 27 employees, Office and Administrative Support with 24 employees, and Service with 20 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Assistant professor
Female Instructor

In 2023, the most common demographic for instructional staff at Rust College was Female Assistant professor with 11 employees, Male Assistant professor with 7 employees, and Female Instructor with 5 employees.

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

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