Nichols College

www.nichols.edu/

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2021 Undergraduate Tuition

$36,050

2.15% growth from 2020

2021 Average Net Price

$28,184

After Financial Aid

2019 Student Loan

3.73%

Default Rate

2021 Acceptance Rate

84.8%

2,193 Applicants

2021 Enrolled Students

1,434

81.9% Full-Time

2021 Graduation Rate

57.6%

186 Graduates

About

Nichols College is a higher education institution located in Worcester County, MA. In 2021, the most popular Bachelors Degree concentrations at Nichols College were General Business (83 degrees awarded), Sport & Fitness Management (47 degrees), and Accounting (38 degrees).

In 2021, 500 degrees were awarded across all undergraduate and graduate programs at Nichols College. 45% of these degrees were awarded to women, and 55% awarded men. The most common race/ethnicity group of degree recipients was white (406 degrees), 13.5 times more than then the next closest race/ethnicity group, hispanic or latino (30 degrees).

The median undergraduate tuition at Nichols College is $36,050, which is $21,550 more than the national average for Special Focus Institutions ($14,500).

Special Focus Four-Year: Business & Management Schools Special Focus Institutions

Costs

In 2021, the median undergraduate tuition at Nichols College is $36,050, which is $21,550 more than the national average for Special Focus Institutions ($14,500).

After taking grants and loans into account, the average net price for students is $28,184.

In 2021, 91% of undergraduate students attending Nichols College received financial aid through grants. Comparatively, 70% of undergraduate students received financial aid through loans.

Tuition Costs

$36,050

2021 Undergraduate Tuition

In 2021, the cost of tuition at Nichols College was $36,050. The cost of tuition at Nichols College is $21,550 more than than the overall (public and private) national average for Special Focus Institutions ($14,500).

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

Average Net Price

$28,184

2021 Value

6.98%

1 Year Growth

In 2021 Nichols College had an average net price — the price paid after factoring in grants and loans — of $28,184. Between 2020 and 2021, the average net price of Nichols College grew by 6.98%.

This chart compares the average net price of Nichols 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

$10,475

Room and Board

$1,400

Books and Supplies

The average yearly cost of room and board at Nichols College was of $10,475 in 2021. The cost of room and board increased by 0.964% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,400. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

91%

Undergraduates Receiving Financial Aid through Grants

70%

Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Nichols College received financial aid through grants or loans in 2021. This represents a decline of 3.19% with respect to 2020, when 94% of undergraduate students received financial aid.

This chart compares the average award discount at Nichols 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.

3.73%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Nichols College was 3.73%, which represents 18 out of the 482 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

Nichols College received 2,193 undergraduate applications in 2021, which represents a 12.5% annual growth. Out of those 2,193 applicants, 1,859 students were accepted for enrollment, representing a 84.8% acceptance rate.

There were 1,434 students enrolled at Nichols College in 2021. 13% of first-time enrollees submitted SAT scores with their applications.

Nichols College has an overall enrollment yield of 17%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

84.8%

Acceptance Rate in 2021

1,859

Accepted Out of 2,193

In 2021, the undergraduate acceptance rate of Nichols College was 84.8% (1,859 admissions from 2,193 applications). This is higher than the acceptance rate of 2020, which was 80.4%. Between 2020 and 2021, the number of applicants grew by 12.5%, while admissions declined by −7.74%..

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

SAT Scores

13%

Submission Percentage (2021)

Scores Submitted (2021)

13% of enrolled first-time students at Nichols College 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

Nichols College had a total enrollment of 1,434 students in 2021. The full-time enrollment at Nichols College is 1,175 students and the part-time enrollment is 259. This means that 81.9% of students enrolled at Nichols College are enrolled full-time.

The enrolled student population at Nichols College, both undergraduate and graduate, is 72.6% White, 10.3% Hispanic or Latino, 8.16% Black or African American, 3.14% Two or More Races, 1.05% Asian, 0.209% American Indian or Alaska Native, and 0.0697% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Nichols College in full-time Undergraduate programs are most commonly White Male (47.9%), followed by White Female (23.9%) and Hispanic or Latino Male (7.83%). Students enrolled in full-time Graduate programs are most commonly White Male (53.1%), followed by White Female (23.4%) and Black or African American Male (6.25%).

Full-Time vs Part-Time Enrollment

81.9%

Full-Time Enrollment

The total enrollment at Nichols College in 2021, both undergraduate and graduate, is 1,434 students. The full-time enrollment at Nichols College is 1,175 and the part-time enrollment is 259. This means that 81.9% of students enrolled at Nichols College are enrolled full-time compared with 69.7% at similar Special Focus Institutions.

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

Retention Rate over Time

74%

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 Nichols College was 74%. Compared with the full-time retention rate at similar Special Focus Institutions (69%), Nichols College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,041 enrolled students
Hispanic or Latino
148 enrolled students
Black or African American
117 enrolled students

The enrolled student population at Nichols College is 72.6% White, 10.3% Hispanic or Latino, 8.16% Black or African American, 3.14% Two or More Races, 1.05% Asian, 0.209% American Indian or Alaska Native, and 0.0697% 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 Special Focus Institutions is 43.6% White, 18.4% Hispanic or Latino, and 14% 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, 21 students (1.46%) did not report their race.

Graduates

In 2021, 50 fewer women than men received degrees from Nichols College. The most common race/ethnicity group of degree recipients at Nichols College is white (406 degrees awarded). There were 13.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (30 degrees).

The most common Bachelor's Degree concentration at Nichols College is General Business (83 degrees awarded), followed by Sport & Fitness Management (47 degrees) and Accounting (38 degrees).

In 2021, the most specialized majors across all degree types at Nichols College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (47 degrees awarded), Business (375 degrees), and Protective Services (43 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Nichols College are Accountants & auditors (1,058,623 people), Other managers (804,223 people), Financial managers (496,220 people), Chief executives & legislators (403,593 people), and Elementary & middle school teachers (377,583 people).

The most specialized majors at Nichols College in 2021 are Parks, Recreation, & Leisure (47 degrees awarded), Business (375 degrees), Protective Services (43 degrees), History (5 degrees), and Psychology (18 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 Nichols College are Surgeons, Physicians, Diagnostic medical sonographers, Magnetic resonance imaging technologists, and Securities, commodities, & financial services sales agents

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (47 degrees awarded), Business (375 degrees), Protective Services (43 degrees), History (5 degrees), and Psychology (18 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 Nichols College are Elementary & secondary schools (996,525 people), Colleges, universities & professional schools, including junior colleges (579,381 people), Justice, public order, & safety activities (561,419 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (550,104 people), and Computer Systems Design (543,926 people).

Majors Awarded

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

Most Common (2021)

General Business
83 degree-majors awarded
Sport & Fitness Management
47 degree-majors awarded
Accounting
38 degree-majors awarded

In 2021, the most common bachelors degree concentration at Nichols College was General Business with 83 degrees awarded.

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

Sex Breakdown for Common Majors

275

Degrees Awarded to Men

in 2021

225

Degrees Awarded to Women

in 2021

In 2021, 275 degrees were awarded to men at Nichols College, which is 1.22 times more than the number of degrees awarded to females (225).

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

Most Common Male Majors

In 2021, 52 degrees were awarded to men at Nichols College in General Business, which is 1.63 times more than the 32 female recipients with that same degree.

Most Common Female Majors

In 2021, 53 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 1.02 times more than the 52 male recipients with that same degree.

Time to Complete

52%

100% Completion Time

59%

150% Completion Time

In 2021, 52% of students graduating from Nichols College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 59% completed their degrees within 150% of the normal time, and 59% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

Two or More Races Female

Highest Graduation Rate (80%)

The student demographic with the highest graduation rate in 2021 at Nichols College is Female and Two or More Races (80% graduation rate). Across all Special Focus Institutions, 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
406 degrees awarded
Hispanic or Latino
30 degrees awarded
Black or African American
26 degrees awarded

The most common race/ethnicity at Nichols College is white (406 degrees awarded). There were 13.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (30 degrees).

1.6% of degree recipients (8 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
223 degrees awarded
White Female
183 degrees awarded
Hispanic or Latino Female
17 degrees awarded

The most common race/ethnicity and sex grouping at Nichols College is white male (223 degrees awarded). There were 1.22 times more white male recipients than the next closest race/ethnicity group, white female (183 degrees).

Operations

Nichols College has an endowment valued at nearly $32.1M, as of the end of the 2021 fiscal year. The return on its endowment was of 7.95M (24.8%) compared to the 4.56% average return (574k on 12.6M) across all Special Focus Institutions.

In 2021, Nichols College had a total salary expenditure of 37.4M. Nichols College employs 23 Associate professors, 17 Assistant professors and 5 Instructors. Most academics at Nichols College are Female Associate professor (12), Female Assistant professor (12), and Male Associate professor (11).

The most common positions for non-instructional staff at Nichols College are: Management, with 29 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 26 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Endowment

$32.1M

2021 Endowment

47.1%

growth from 2020

Nichols College has an endowment valued at about $32.1M, as of the end of the 2021 fiscal year. The endowment of Nichols College grew 47.1% from the previous year. The value of their endowment was $19.5M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Nichols College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Business & Management Schools Carnegie Classification grouping.

Salary Expenditure

$14.1M

2021 Salaries

2.22%

decline from 2020

In 2021, Nichols College paid a median of $14.1M in salaries, which represents 37.7% of their overall expenditure ($37.4M) and a 2.22% decline from the previous year.

The median for similar Special Focus Institutions is 3.06M (42.8% of overall expenditures).

Instructional Salaries

$3.99M

Instructional Salaries

Number of Employees

In 2021, Nichols College paid a total of $3.99M to 50 employees working as instructors, which represents 28.3% of all salaries paid.

This is compared to a median of $871k (28.4%) for similar Special Focus Institutions.

Occupations by Share

Associate professor

Most Common Instructor

23 Employees

Management

Most Common Non-Instructional Employee

29 Employees

In 2021, the most common positions for instructional staff at Nichols College were Associate professor with 23 employees, Assistant professor with 17 employees, and Instructor with 5 employees.

In 2021, the most common positions for non-instructional staff at Nichols College were Management with 29 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 26 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Associate professor
Female Assistant professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Nichols College was Female Associate professor with 12 employees, Female Assistant professor with 12 employees, and Male Associate professor with 11 employees.

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