Troy University (102368)

www.troy.edu

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2023 Undergraduate Tuition
$9,792
5.15% growth from 2022
2023 Average Net Price
$12,504
After Financial Aid
2020 Default Rate
0.0231%
on Student Loans
2023 Acceptance Rate
92.6%
7,947 Applicants
2023 Enrolled Students
13,923
59% Full-Time
2023 Graduation Rate
45.7%
850 Graduates

About

Troy University (102368) is a higher education institution located in Pike County, AL. In 2023, the most popular Bachelors Degree concentrations at Troy University (102368) were General Business Administration & Management (264 degrees awarded), General Psychology (245 degrees), and Other Multidisciplinary Studies (197 degrees).

In 2023, 3,537 degrees were awarded across all undergraduate and graduate programs at Troy University (102368). 66% of these degrees were awarded to women, and 34% awarded men. The most common race/ethnicity group of degree recipients was white (1,852 degrees), 1.86 times more than then the next closest race/ethnicity group, black or african american (994 degrees).

The median undergraduate tuition at Troy University (102368) is $9,792, which is $−14,783 less than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Troy University (102368) was 0.0231%, corresponding to 1 out of the 4,321 total borrowers.

Masters Colleges & Universities: Larger ProgramsMasters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Troy University (102368) is $9,792, which is $14,783 less than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $12,504.

In 2023, 74% of undergraduate students attending Troy University (102368) received financial aid through grants. Comparatively, 66% of undergraduate students received financial aid through loans.

Tuition Costs

$9,792
2023 Undergraduate Tuition

In 2023, the cost of tuition at Troy University (102368) was $9,792. The cost of tuition at Troy University (102368) is $−14,783 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

This chart compares the tuition costs of Troy University (102368) (in red) with those of other similar universities.

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Average Net Price

$12,504
2023 Value
5.18%
1 Year Growth

In 2023 Troy University (102368) had an average net price — the price paid after factoring in grants and loans — of $12,504. Between 2022 and 2023, the average net price of Troy University (102368) grew by 5.18%.

This chart compares the average net price of Troy University (102368) (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

$8,971
Room and Board
$1,300
Books and Supplies

The average yearly cost of room and board at Troy University (102368) was of $8,971 in 2023. The cost of room and board did not change between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,300. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Troy University (102368) (in red) with that of similar universities.

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Financial Aid by Income Level

74%
Undergraduates Receiving Financial Aid through Grants
66%
Undergraduates Receiving Financial Aid through Loans

74% of undergraduate students at Troy University (102368) received financial aid through grants or loans in 2023. This represents a growth of 1.37% with respect to 2022, when 73% of undergraduate students received financial aid.

This chart compares the average award discount at Troy University (102368) (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.
0.0231%
2020 Default Rate
1
Number of Defaults

In 2020 the default rate for borrower's at Troy University (102368) was 0.0231%, which represents 1 out of the 4321 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

Troy University (102368) received 7,947 undergraduate applications in 2023, which represents a 13% annual growth. Out of those 7,947 applicants, 7,360 students were accepted for enrollment, representing a 92.6% acceptance rate.

There were 13,923 students enrolled at Troy University (102368) in 2023. 6% of first-time enrollees submitted SAT scores with their applications.

Troy University (102368) has an overall enrollment yield of 23.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

92.6%
Acceptance Rate in 2023
7,360
Accepted Out of 7,947

In 2023, the undergraduate acceptance rate of Troy University (102368) was 92.6% (7,360 admissions from 7,947 applications). This is lower than the acceptance rate of 2022, which was 94.8%. Between 2022 and 2023, the number of applicants grew by 13%, while admissions grew by 10.3%.

This chart compares the acceptance rate of Troy University (102368) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

6%
Submission Percentage (2023)
109
Scores Submitted (2023)

6% of enrolled first-time students at Troy University (102368) 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.

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Enrollment

Troy University (102368) had a total enrollment of 13,923 students in 2023. The full-time enrollment at Troy University (102368) is 8,208 students and the part-time enrollment is 5,715. This means that 59% of students enrolled at Troy University (102368) are enrolled full-time.

The enrolled student population at Troy University (102368), both undergraduate and graduate, is 51.9% White, 31.6% Black or African American, 5.33% Hispanic or Latino, 4.21% Two or More Races, 1.16% Asian, 0.259% American Indian or Alaska Native, and 0.144% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Troy University (102368) in full-time Undergraduate programs are most commonly White Female (36.7%), followed by White Male (20.6%) and Black or African American Female (18.5%). Students enrolled in full-time Graduate programs are most commonly White Female (31.6%), followed by Black or African American Female (28.2%) and White Male (14.5%).

Full-Time vs Part-Time Enrollment

59%
Full-Time Enrollment

The total enrollment at Troy University (102368) in 2023, both undergraduate and graduate, is 13,923 students. The full-time enrollment at Troy University (102368) is 8,208 and the part-time enrollment is 5,715. This means that 59% of students enrolled at Troy University (102368) are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Troy University (102368) (in red) compares to similar universities.

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Retention Rate over Time

73%
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 Troy University (102368) was 73%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Troy University (102368) had a retention rate lower than its peers.

This chart shows the retention rate over time at Troy University (102368) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    7,229 enrolled students
  2. Black or African American
    4,397 enrolled students
  3. Hispanic or Latino
    742 enrolled students

The enrolled student population at Troy University (102368) is 51.9% White, 31.6% Black or African American, 5.33% Hispanic or Latino, 4.21% Two or More Races, 1.16% Asian, 0.259% American Indian or Alaska Native, and 0.144% 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 Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% 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, 358 students (2.57%) did not report their race.

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Graduates

In 2023, 1,133 more women than men received degrees from Troy University (102368). The most common race/ethnicity group of degree recipients at Troy University (102368) is white (1,852 degrees awarded). There were 1.86 times more white recipients than the next closest race/ethnicity group, black or african american (994 degrees).

The most common Bachelor's Degree concentration at Troy University (102368) is General Business Administration & Management (264 degrees awarded), followed by General Psychology (245 degrees) and Other Multidisciplinary Studies (197 degrees).

In 2023,  the most specialized majors across all degree types at Troy University (102368), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Public Administration and Social Service (413 degrees awarded), Psychology (406 degrees), and Interdisciplinary Studies (197 degrees).

Common Jobs by Major

Other managers
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Troy University (102368) are Other managers (322,439 people), Social workers, all other (278,957 people), Elementary & middle school teachers (247,902 people), Police officers (165,200 people), and Lawyers, & judges, magistrates, & other judicial workers (149,251 people).

The most specialized majors at Troy University (102368) in 2023 are Public Administration and Social Service (413 degrees awarded), Psychology (406 degrees), Interdisciplinary Studies (197 degrees), Protective Services (180 degrees), and Communications (139 degrees) (as of 2023).

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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 Troy University (102368) are Surgeons, Diagnostic medical sonographers, Podiatrists, Cardiovascular technologists and technicians, and Media and communication workers, all other

The most specialized majors at Troy University (102368) are Public Administration and Social Service (413 degrees awarded), Psychology (406 degrees), Interdisciplinary Studies (197 degrees), Protective Services (180 degrees), and Communications (139 degrees) (as of 2023).

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Common Industries by Major

Elementary & secondary schools
Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Troy University (102368) are Elementary & secondary schools (5,586,329 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (3,275,256 people), Colleges, universities & professional schools, including junior colleges (2,452,532 people), Computer Systems Design (2,343,824 people), and Construction (1,303,670 people).

The most specialized majors at Troy University (102368) are Public Administration and Social Service (413 degrees awarded), Psychology (406 degrees), Interdisciplinary Studies (197 degrees), Protective Services (180 degrees), and Communications (139 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 Troy University (102368).
Most Common (2023)
  1. General Business Administration & Management
    264 degrees awarded
  2. General Psychology
    245 degrees awarded
  3. Other Multidisciplinary Studies
    197 degrees awarded

In 2023, the most common bachelors degree concentration at Troy University (102368) was General Business Administration & Management with 264 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Troy University (102368) according to their major.

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Sex Breakdown for Common Majors

1,202
Degrees Awarded to Men
in 2023
2,335
Degrees Awarded to Women
in 2023

In 2023, 1,202 degrees were awarded to men at Troy University (102368), which is 0.515 times less than the number of degrees awarded to females (2,335).

This chart displays the sex disparity between the top 5 majors at Troy University (102368) by degrees awarded.

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Most Common Male Majors

In 2023, 247 degrees were awarded to men at Troy University (102368) in General Business Administration & Management, which is 1.11 times more than the 223 female recipients with that same degree.

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Most Common Female Majors

In 2023, 264 degrees were awarded to men at Troy University (102368) in Registered Nursing, which is 11.5 times more than the 23 male recipients with that same degree.

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Time to Complete

30%
100% Completion Time
51%
150% Completion Time

In 2023, 30% of students graduating from Troy University (102368) 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 Masters Colleges and Universities 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 (75%)

The student demographic with the highest graduation rate in 2023 at Troy University (102368) is Female and Asian (75% graduation rate). Across all Masters Colleges and Universities, 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, 1.88% of graduates (16 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    1,852 degrees awarded
  2. Black or African American
    994 degrees awarded
  3. Hispanic or Latino
    187 degrees awarded

The most common race/ethnicity at Troy University (102368) is white (1,852 degrees awarded). There were 1.86 times more white recipients than the next closest race/ethnicity group, black or african american (994 degrees).

5.68% of degree recipients (201 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    1,186 degrees awarded
  2. Black or African American Female
    738 degrees awarded
  3. White Male
    666 degrees awarded

The most common race/ethnicity and sex grouping at Troy University (102368) is white female (1,186 degrees awarded). There were 1.61 times more white female recipients than the next closest race/ethnicity group, black or african american female (738 degrees).

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Operations

Troy University (102368) has an endowment valued at nearly $181M, as of the end of the 2023 fiscal year. The return on its endowment was of 14.7M (8.13%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Troy University (102368) had a total salary expenditure of 258M. Troy University (102368) employs 135 Lecturers, 129 Associate professors and 120 Assistant professors. Most academics at Troy University (102368) are Female Lecturer (98), Female Assistant professor (72), and Male Associate professor (66).

The most common positions for non-instructional staff at Troy University (102368) are: Office and Administrative Support, with 235 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 183 employees, and Management with 140 employees.

Endowment

$181M
2023 Endowment
10.6%
growth from 2022

Troy University (102368) has an endowment valued at about $181M, as of the end of the 2023 fiscal year. The endowment of Troy University (102368) grew 10.6% from the previous year. The value of their endowment was $131M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Troy University (102368) (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: Larger Programs Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $12.8M - Federal
  2. $16.4M - State
  3. $69.9k - Local

As of 2023, Troy University (102368) received $12.8M in grants and contracts from the federal government, $16.4M from state grants and contracts, and $69.9k from local grants and contracts.

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Salary Expenditure

$105M
2023 Salaries
4.01%
growth from 2022

In 2023, Troy University (102368) paid a median of $105M in salaries, which represents 40.6% of their overall expenditure ($258M) and a 4.01% growth from the previous year. This is compared to a 1.76% growth between 2021 and 2022, and a 3.28% decline between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

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Instructional Salaries

$35.9M
Instructional Salaries
452
Number of Employees

In 2023, Troy University (102368) paid a total of $35.9M to 452 employees working as instructors, which represents 34.2% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

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Occupations by Share

Lecturer
Most Common Instructor
135 Employees
Office and Administrative Support
Most Common Non-Instructional Employee
235 Employees

In 2023, the most common positions for instructional staff at Troy University (102368) were Lecturer with 135 employees, Associate professor with 129 employees, and Assistant professor with 120 employees.

In 2023, the most common positions for non-instructional staff at Troy University (102368) were Office and Administrative Support with 235 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 183 employees, and Management with 140 employees.

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Instructors by Academic Rank and Sex

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

In 2023, the most common demographic for instructional staff at Troy University (102368) was Female Lecturer with 98 employees, Female Assistant professor with 72 employees, and Male Associate professor with 66 employees.

This chart shows the sex split between each academic rank present at Troy University (102368).

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