Averett University

www.averett.edu

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2021 Undergraduate Tuition

$36,900

1.04% growth from 2020

2021 Average Net Price

$22,674

After Financial Aid

2019 Student Loan

2.35%

Default Rate

2021 Acceptance Rate

47.7%

3,462 Applicants

2021 Enrolled Students

1,336

77.1% Full-Time

2021 Graduation Rate

41.7%

111 Graduates

About

Averett University is a higher education institution located in Danville city, VA. In 2021, the most popular Masters Degree concentrations at Averett University were General Educational Leadership & Administration (40 degrees awarded), General Business Administration & Management (36 degrees), and Curriculum & Instruction (23 degrees).

In 2021, 389 degrees were awarded across all undergraduate and graduate programs at Averett University. 63% of these degrees were awarded to women, and 37% awarded men. The most common race/ethnicity group of degree recipients was white (244 degrees), 2.77 times more than then the next closest race/ethnicity group, black or african american (88 degrees).

The median undergraduate tuition at Averett University is $36,900, which is $8,395 more than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Averett University is $36,900, which is $8,395 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $22,674.

In 2021, 90% of undergraduate students attending Averett University received financial aid through grants. Comparatively, 72% of undergraduate students received financial aid through loans.

Tuition Costs

$36,900

2021 Undergraduate Tuition

In 2021, the cost of tuition at Averett University was $36,900. The cost of tuition at Averett University is $8,395 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$22,674

2021 Value

4.95%

1 Year Growth

In 2021 Averett University had an average net price — the price paid after factoring in grants and loans — of $22,674. Between 2020 and 2021, the average net price of Averett University grew by 4.95%.

This chart compares the average net price of Averett 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

$7,848

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Averett University was of $7,848 in 2021. The cost of room and board increased by 2.88% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

90%

Undergraduates Receiving Financial Aid through Grants

72%

Undergraduates Receiving Financial Aid through Loans

90% of undergraduate students at Averett University received financial aid through grants or loans in 2021. This represents a decline of 9.09% with respect to 2020, when 99% of undergraduate students received financial aid.

This chart compares the average award discount at Averett 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.

2.35%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Averett University was 2.35%, which represents 14 out of the 595 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

Averett University received 3,462 undergraduate applications in 2021, which represents a 30.5% annual growth. Out of those 3,462 applicants, 1,652 students were accepted for enrollment, representing a 47.7% acceptance rate.

There were 1,336 students enrolled at Averett University in 2021. 21% of first-time enrollees submitted SAT scores with their applications.

Averett University has an overall enrollment yield of 14%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

47.7%

Acceptance Rate in 2021

1,652

Accepted Out of 3,462

In 2021, the undergraduate acceptance rate of Averett University was 47.7% (1,652 admissions from 3,462 applications). This is lower than the acceptance rate of 2020, which was 69.4%. Between 2020 and 2021, the number of applicants grew by 30.5%, while admissions declined by −10.2%..

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

SAT Scores

21%

Submission Percentage (2021)

Scores Submitted (2021)

21% of enrolled first-time students at Averett University in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Averett University had a total enrollment of 1,336 students in 2021. The full-time enrollment at Averett University is 1,030 students and the part-time enrollment is 306. This means that 77.1% of students enrolled at Averett University are enrolled full-time.

The enrolled student population at Averett University, both undergraduate and graduate, is 52.4% White, 28.1% Black or African American, 3.89% Two or More Races, 3.44% Hispanic or Latino, 1.2% Asian, 0.898% American Indian or Alaska Native, and 0.374% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Averett University in full-time Undergraduate programs are most commonly White Male (25.7%), followed by White Female (24.9%) and Black or African American Male (15.9%). Students enrolled in full-time Graduate programs are most commonly White Female (47.1%), followed by White Male (23.5%) and Black or African American Female (17.6%).

Full-Time vs Part-Time Enrollment

77.1%

Full-Time Enrollment

The total enrollment at Averett University in 2021, both undergraduate and graduate, is 1,336 students. The full-time enrollment at Averett University is 1,030 and the part-time enrollment is 306. This means that 77.1% of students enrolled at Averett University are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

68%

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 Averett University was 68%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Averett University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
700 enrolled students
Black or African American
376 enrolled students
Two or More Races
52 enrolled students

The enrolled student population at Averett University is 52.4% White, 28.1% Black or African American, 3.89% Two or More Races, 3.44% Hispanic or Latino, 1.2% Asian, 0.898% American Indian or Alaska Native, and 0.374% 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, 36 students (2.69%) did not report their race.

Graduates

In 2021, 101 more women than men received degrees from Averett University. The most common race/ethnicity group of degree recipients at Averett University is white (244 degrees awarded). There were 2.77 times more white recipients than the next closest race/ethnicity group, black or african american (88 degrees).

The most common Masters Degree concentration at Averett University is General Educational Leadership & Administration (40 degrees awarded), followed by General Business Administration & Management (36 degrees) and Curriculum & Instruction (23 degrees).

In 2021, the most specialized majors across all degree types at Averett University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Transportation (15 degrees awarded), Parks, Recreation, & Leisure (32 degrees), and EDUCATION. (92 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Elementary & middle school teachers (1,626,277 people), Secondary school teachers (418,226 people), Education administrators (253,723 people), Special education teachers (170,929 people), and Other managers (158,585 people).

The most specialized majors at Averett University in 2021 are Transportation (15 degrees awarded), Parks, Recreation, & Leisure (32 degrees), EDUCATION. (92 degrees), Protective Services (28 degrees), and Agriculture (7 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 Averett University are Surgeons, Physicians, Nurse anesthetists, Personal financial advisors, and Lawyers, & judges, magistrates, & other judicial workers

The most specialized majors at Averett University are Transportation (15 degrees awarded), Parks, Recreation, & Leisure (32 degrees), EDUCATION. (92 degrees), Protective Services (28 degrees), and Agriculture (7 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 Averett University are Elementary & secondary schools (2,726,151 people), Justice, public order, & safety activities (357,483 people), Colleges, universities & professional schools, including junior colleges (268,797 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (181,312 people), and Construction (103,919 people).

Majors Awarded

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

Most Common (2021)

General Business Administration & Management
39 degrees awarded
Pre-Medical Studies
26 degrees awarded
Criminal Justice - Law Enforcement Administration
23 degrees awarded

In 2021, the most common bachelors degree concentration at Averett University was General Business Administration & Management with 39 degrees awarded.

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

Sex Breakdown for Common Majors

144

Degrees Awarded to Men

in 2021

245

Degrees Awarded to Women

in 2021

In 2021, 144 degrees were awarded to men at Averett University, which is 0.588 times less than the number of degrees awarded to females (245).

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

Most Common Male Majors

In 2021, 33 degrees were awarded to men at Averett University in General Business Administration & Management, which is 0.702 times less than the 47 female recipients with that same degree.

Most Common Female Majors

In 2021, 47 degrees were awarded to men at Averett University in General Business Administration & Management, which is 1.42 times more than the 33 male recipients with that same degree.

Time to Complete

36%

100% Completion Time

42%

150% Completion Time

In 2021, 36% of students graduating from Averett University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 42% completed their degrees within 150% of the normal time, and 43% 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 2021 at Averett University is Female and American Indian or Alaska Native (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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
244 degrees awarded
Black or African American
88 degrees awarded
Two or More Races
10 degrees awarded

The most common race/ethnicity at Averett University is white (244 degrees awarded). There were 2.77 times more white recipients than the next closest race/ethnicity group, black or african american (88 degrees).

3.34% of degree recipients (13 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
160 degrees awarded
White Male
84 degrees awarded
Black or African American Female
52 degrees awarded

The most common race/ethnicity and sex grouping at Averett University is white female (160 degrees awarded). There were 1.9 times more white female recipients than the next closest race/ethnicity group, white male (84 degrees).

Operations

Averett University has an endowment valued at nearly $31M, as of the end of the 2021 fiscal year. The return on its endowment was of 6.12M (19.7%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Averett University had a total salary expenditure of 33.5M. Averett University employs 19 Associate professors, 14 Assistant professors and 13 Professors. Most academics at Averett University are Female Associate professor (12), Male Professor (9), and Male Associate professor (7).

The most common positions for non-instructional staff at Averett University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 43 employees, Management, with 29 employees, and Office and Administrative Support with 26 employees.

Endowment

$31M

2021 Endowment

18.8%

growth from 2020

Averett University has an endowment valued at about $31M, as of the end of the 2021 fiscal year. The endowment of Averett University grew 18.8% from the previous year. The value of their endowment was $21.4M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Averett 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

$13.6M

2021 Salaries

29.3%

growth from 2020

In 2021, Averett University paid a median of $13.6M in salaries, which represents 40.5% of their overall expenditure ($33.5M) and a 29.3% growth from the previous year.

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

Instructional Salaries

$2.97M

Instructional Salaries

Number of Employees

In 2021, Averett University paid a total of $2.97M to 53 employees working as instructors, which represents 21.9% of all salaries paid.

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

Occupations by Share

Associate professor

Most Common Instructor

19 Employees

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

Most Common Non-Instructional Employee

43 Employees

In 2021, the most common positions for instructional staff at Averett University were Associate professor with 19 employees, Assistant professor with 14 employees, and Professor with 13 employees.

In 2021, the most common positions for non-instructional staff at Averett University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 43 employees, Management with 29 employees, and Office and Administrative Support with 26 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Associate professor
Male Professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Averett University was Female Associate professor with 12 employees, Male Professor with 9 employees, and Male Associate professor with 7 employees.

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