Alma College

alma.edu/

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2021 Undergraduate Tuition

$43,602

2.95% growth from 2020

2021 Average Net Price

$24,302

After Financial Aid

2019 Student Loan

2.11%

Default Rate

2021 Acceptance Rate

68.8%

2,908 Applicants

2021 Enrolled Students

1,353

97.6% Full-Time

2021 Graduation Rate

62.8%

211 Graduates

About

Alma College is a higher education institution located in Gratiot County, MI. In 2021, the most popular Bachelors Degree concentrations at Alma College were General Psychology (40 degrees awarded), General Health & Wellness (36 degrees), and General Biological Sciences (23 degrees).

In 2021, 376 degrees were awarded across all undergraduate and graduate programs at Alma College. 64.1% of these degrees were awarded to women, and 35.9% awarded men. The most common race/ethnicity group of degree recipients was white (307 degrees), 14.6 times more than then the next closest race/ethnicity group, hispanic or latino (21 degrees).

The median undergraduate tuition at Alma College is $43,602, which is $15,097 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Alma College is $43,602, which is $15,097 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $24,302.

In 2021, 98% of undergraduate students attending Alma College received financial aid through grants. Comparatively, 68% of undergraduate students received financial aid through loans.

Tuition Costs

$43,602

2021 Undergraduate Tuition

In 2021, the cost of tuition at Alma College was $43,602. The cost of tuition at Alma College is $15,097 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$24,302

2021 Value

2.82%

1 Year Growth

In 2021 Alma College had an average net price — the price paid after factoring in grants and loans — of $24,302. Between 2020 and 2021, the average net price of Alma College grew by 2.82%.

This chart compares the average net price of Alma 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

$9,721

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Alma College was of $9,721 in 2021. The cost of room and board increased by 4.02% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies increased by 6.25% during the same period.

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

Financial Aid by Income Level

98%

Undergraduates Receiving Financial Aid through Grants

68%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at Alma College received financial aid through grants or loans in 2021. This represents a decline of 1.01% with respect to 2020, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Alma 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.

2.11%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Alma College was 2.11%, which represents 9 out of the 426 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

Alma College received 2,908 undergraduate applications in 2021, which represents a 6.44% annual growth. Out of those 2,908 applicants, 2,000 students were accepted for enrollment, representing a 68.8% acceptance rate.

There were 1,353 students enrolled at Alma College in 2021.

Alma College has an overall enrollment yield of 16%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

68.8%

Acceptance Rate in 2021

2,000

Accepted Out of 2,908

In 2021, the undergraduate acceptance rate of Alma College was 68.8% (2,000 admissions from 2,908 applications). This is higher than the acceptance rate of 2020, which was 66.7%. Between 2020 and 2021, the number of applicants grew by 6.44%, while admissions grew by 9.71%..

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

Enrollment

Alma College had a total enrollment of 1,353 students in 2021. The full-time enrollment at Alma College is 1,321 students and the part-time enrollment is 32. This means that 97.6% of students enrolled at Alma College are enrolled full-time.

The enrolled student population at Alma College, both undergraduate and graduate, is 81.8% White, 4.36% Black or African American, 4.36% Hispanic or Latino, 3.62% Two or More Races, 1.26% Asian, 0.37% American Indian or Alaska Native, and 0.0739% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alma College in full-time Undergraduate programs are most commonly White Female (48.7%), followed by White Male (33.8%) and Black or African American Male (2.37%). Students enrolled in full-time Graduate programs are most commonly White Female (30.8%), followed by White Male (15.4%) and Black or African American Male (7.69%).

Full-Time vs Part-Time Enrollment

97.6%

Full-Time Enrollment

The total enrollment at Alma College in 2021, both undergraduate and graduate, is 1,353 students. The full-time enrollment at Alma College is 1,321 and the part-time enrollment is 32. This means that 97.6% of students enrolled at Alma College are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

79%

2021 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 Alma College was 79%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Alma College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,107 enrolled students
Black or African American
59 enrolled students
Hispanic or Latino
59 enrolled students

The enrolled student population at Alma College is 81.8% White, 4.36% Black or African American, 4.36% Hispanic or Latino, 3.62% Two or More Races, 1.26% Asian, 0.37% American Indian or Alaska Native, and 0.0739% 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 Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

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, 17 students (1.26%) did not report their race.

Graduates

In 2021, 106 more women than men received degrees from Alma College. The most common race/ethnicity group of degree recipients at Alma College is white (307 degrees awarded). There were 14.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (21 degrees).

The most common Bachelor's Degree concentration at Alma College is General Psychology (40 degrees awarded), followed by General Health & Wellness (36 degrees) and General Biological Sciences (23 degrees).

In 2021, the most specialized majors across all degree types at Alma College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Natural Resources & Conservation (15 degrees awarded), Physical Sciences (23 degrees), and History (12 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Alma College are Lawyers, & judges, magistrates, & other judicial workers (206,463 people), Postsecondary teachers (197,843 people), Elementary & middle school teachers (191,106 people), Other managers (181,800 people), and Secondary school teachers (127,233 people).

The most specialized majors at Alma College in 2021 are Natural Resources & Conservation (15 degrees awarded), Physical Sciences (23 degrees), History (12 degrees), English (14 degrees), and PHILOSOPHY AND RELIGIOUS STUDIES. (5 degrees) (as of 2021).

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 Alma College are Surgeons, Diagnostic medical sonographers, Magnetic resonance imaging technologists, Cardiovascular technologists and technicians, and Physicians

The most specialized majors at Alma College are Natural Resources & Conservation (15 degrees awarded), Physical Sciences (23 degrees), History (12 degrees), English (14 degrees), and PHILOSOPHY AND RELIGIOUS STUDIES. (5 degrees) (as of 2021).

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 Alma College are Elementary & secondary schools (433,538 people), Colleges, universities & professional schools, including junior colleges (376,837 people), Legal services (164,459 people), Computer Systems Design (146,889 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (144,012 people).

Majors Awarded

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

Most Common (2021)

General Psychology
40 degree-majors awarded
General Health & Wellness
36 degree-majors awarded
General Biological Sciences
23 degree-majors awarded

In 2021, the most common bachelors degree concentration at Alma College was General Psychology with 40 degrees awarded.

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

Sex Breakdown for Common Majors

135

Degrees Awarded to Men

in 2021

241

Degrees Awarded to Women

in 2021

In 2021, 135 degrees were awarded to men at Alma College, which is 0.56 times less than the number of degrees awarded to females (241).

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

Most Common Male Majors

In 2021, 13 degrees were awarded to men at Alma College in General Health & Wellness, which is 0.565 times less than the 23 female recipients with that same degree.

Most Common Female Majors

In 2021, 34 degrees were awarded to men at Alma College in General Psychology, which is 5.67 times more than the 6 male recipients with that same degree.

Time to Complete

57%

100% Completion Time

67%

150% Completion Time

In 2021, 57% of students graduating from Alma College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 67% completed their degrees within 150% of the normal time, and 68% 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.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Alma College is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

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, 4.74% of graduates (10 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
307 degrees awarded
Hispanic or Latino
21 degrees awarded
Two or More Races
15 degrees awarded

The most common race/ethnicity at Alma College is white (307 degrees awarded). There were 14.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (21 degrees).

3.46% of degree recipients (13 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
203 degrees awarded
White Male
104 degrees awarded
Hispanic or Latino Male
11 degrees awarded

The most common race/ethnicity and sex grouping at Alma College is white female (203 degrees awarded). There were 1.95 times more white female recipients than the next closest race/ethnicity group, white male (104 degrees).

Operations

Alma College has an endowment valued at nearly $150M, as of the end of the 2021 fiscal year. The return on its endowment was of 31.1M (20.7%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Alma College had a total salary expenditure of 47.6M. Alma College employs 27 Professors, 27 Associate professors and 20 Assistant professors. Most academics at Alma College are Male Professor (17), Male Associate professor (16), and Female Assistant professor (12).

The most common positions for non-instructional staff at Alma College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 51 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 49 employees, and Management with 30 employees.

Endowment

$150M

2021 Endowment

23.7%

growth from 2020

Alma College has an endowment valued at about $150M, as of the end of the 2021 fiscal year. The endowment of Alma College grew 23.7% from the previous year. The value of their endowment was $98M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Alma 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: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$19.6M

2021 Salaries

5.56%

growth from 2020

In 2021, Alma College paid a median of $19.6M in salaries, which represents 41.2% of their overall expenditure ($47.6M) and a 5.56% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$6.54M

Instructional Salaries

Number of Employees

In 2021, Alma College paid a total of $6.54M to 91 employees working as instructors, which represents 33.3% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Professor

Most Common Instructor

27 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

51 Employees

In 2021, the most common positions for instructional staff at Alma College were Professor with 27 employees, Associate professor with 27 employees, and Assistant professor with 20 employees.

In 2021, the most common positions for non-instructional staff at Alma College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 51 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 49 employees, and Management with 30 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Associate professor
Female Assistant professor

In 2021, the most common demographic for instructional staff at Alma College was Male Professor with 17 employees, Male Associate professor with 16 employees, and Female Assistant professor with 12 employees.

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