Oakwood University

www.oakwood.edu

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2021 Undergraduate Tuition

$18,974

2021 Average Net Price

$22,484

After Financial Aid

2019 Student Loan

3.39%

Default Rate

2021 Acceptance Rate

71.9%

881 Applicants

2021 Enrolled Students

1,452

90.4% Full-Time

2021 Graduation Rate

49.3%

165 Graduates

About

Oakwood University is a higher education institution located in Madison County, AL. In 2021, the most popular Bachelors Degree concentrations at Oakwood University were General Studies (37 degrees awarded), General Biological Sciences (33 degrees), and Organizational Behavior Studies (21 degrees).

In 2021, 291 degrees were awarded across all undergraduate and graduate programs at Oakwood University. 64.3% of these degrees were awarded to women, and 35.7% awarded men. The most common race/ethnicity group of degree recipients was black or african american (216 degrees), 9.82 times more than then the next closest race/ethnicity group, hispanic or latino (22 degrees).

The median undergraduate tuition at Oakwood University is $18,974, which is $−9,531 less than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Oakwood University is $18,974, which is $−9,531 less than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $22,484.

In 2021, 93% of undergraduate students attending Oakwood University received financial aid through grants. Comparatively, 69% of undergraduate students received financial aid through loans.

Tuition Costs

$18,974

2021 Undergraduate Tuition

In 2021, the cost of tuition at Oakwood University was $18,974. The cost of tuition at Oakwood University is $−9,531 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$22,484

2021 Value

17.7%

1 Year Growth

In 2021 Oakwood University had an average net price — the price paid after factoring in grants and loans — of $22,484. Between 2020 and 2021, the average net price of Oakwood University grew by 17.7%.

This chart compares the average net price of Oakwood 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

$10,097

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Oakwood University was of $10,097 in 2021. The cost of room and board increased by 7.71% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies decreased by 20% during the same period.

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

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

69%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Oakwood University received financial aid through grants or loans in 2021. This represents a growth of 8.14% with respect to 2020, when 86% of undergraduate students received financial aid.

This chart compares the average award discount at Oakwood 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.

3.39%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Oakwood University was 3.39%, which represents 21 out of the 620 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

Oakwood University received 881 undergraduate applications in 2021, which represents a 22.4% annual growth. Out of those 881 applicants, 633 students were accepted for enrollment, representing a 71.9% acceptance rate.

There were 1,452 students enrolled at Oakwood University in 2021.

Oakwood University has an overall enrollment yield of 44.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

71.9%

Acceptance Rate in 2021

633

Accepted Out of 881

In 2021, the undergraduate acceptance rate of Oakwood University was 71.9% (633 admissions from 881 applications). This is lower than the acceptance rate of 2020, which was 88.8%. Between 2020 and 2021, the number of applicants grew by 22.4%, while admissions declined by −37.2%..

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

Enrollment

Oakwood University had a total enrollment of 1,452 students in 2021. The full-time enrollment at Oakwood University is 1,313 students and the part-time enrollment is 139. This means that 90.4% of students enrolled at Oakwood University are enrolled full-time.

The enrolled student population at Oakwood University, both undergraduate and graduate, is 78.6% Black or African American, 8.47% Hispanic or Latino, 2.55% Two or More Races, 0.689% White, 0.482% Asian, 0.138% American Indian or Alaska Native, and 0.0689% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Oakwood University in full-time Undergraduate programs are most commonly Black or African American Female (46.1%), followed by Black or African American Male (34.2%) and Hispanic or Latino Male (4.3%). Students enrolled in full-time Graduate programs are most commonly Black or African American Female (29.3%), followed by Black or African American Male (20.7%) and White Female (13.8%).

Full-Time vs Part-Time Enrollment

90.4%

Full-Time Enrollment

The total enrollment at Oakwood University in 2021, both undergraduate and graduate, is 1,452 students. The full-time enrollment at Oakwood University is 1,313 and the part-time enrollment is 139. This means that 90.4% of students enrolled at Oakwood 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 Oakwood University (in red) compares to similar universities.

Retention Rate over Time

73%

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 Oakwood University was 73%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Oakwood University had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

Black or African American
1,141 enrolled students
Hispanic or Latino
123 enrolled students
Two or More Races
37 enrolled students

The enrolled student population at Oakwood University is 78.6% Black or African American, 8.47% Hispanic or Latino, 2.55% Two or More Races, 0.689% White, 0.482% Asian, 0.138% American Indian or Alaska Native, and 0.0689% 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, 15 students (1.03%) did not report their race.

Graduates

In 2021, 83 more women than men received degrees from Oakwood University. The most common race/ethnicity group of degree recipients at Oakwood University is black or african american (216 degrees awarded). There were 9.82 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (22 degrees).

The most common Bachelor's Degree concentration at Oakwood University is General Studies (37 degrees awarded), followed by General Biological Sciences (33 degrees) and Organizational Behavior Studies (21 degrees).

In 2021, the most specialized majors across all degree types at Oakwood University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are THEOLOGY AND RELIGIOUS VOCATIONS. (21 degrees awarded), Biology (47 degrees), and Public Administration and Social Service (15 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 Oakwood University are Physicians (398,060 people), Elementary & middle school teachers (211,821 people), Postsecondary teachers (205,419 people), Other managers (186,494 people), and Social workers, all other (161,876 people).

The most specialized majors at Oakwood University in 2021 are THEOLOGY AND RELIGIOUS VOCATIONS. (21 degrees awarded), Biology (47 degrees), Public Administration and Social Service (15 degrees), Language & Linguistics (4 degrees), and English (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 Oakwood University are Surgeons, Cardiovascular technologists and technicians, Physicians, Aircraft pilots & flight engineers, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Oakwood University are THEOLOGY AND RELIGIOUS VOCATIONS. (21 degrees awarded), Biology (47 degrees), Public Administration and Social Service (15 degrees), Language & Linguistics (4 degrees), and English (5 degrees) (as of 2021).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Oakwood University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (533,010 people), Elementary & secondary schools (506,538 people), Colleges, universities & professional schools, including junior colleges (450,945 people), Offices of physicians (199,284 people), and Outpatient care centers (141,917 people).

Majors Awarded

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

Most Common (2021)

General Studies
37 degrees awarded
General Biological Sciences
33 degrees awarded
Organizational Behavior Studies
21 degrees awarded

In 2021, the most common bachelors degree concentration at Oakwood University was General Studies with 37 degrees awarded.

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

Sex Breakdown for Common Majors

104

Degrees Awarded to Men

in 2021

187

Degrees Awarded to Women

in 2021

In 2021, 104 degrees were awarded to men at Oakwood University, which is 0.556 times less than the number of degrees awarded to females (187).

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

Most Common Male Majors

In 2021, 14 degrees were awarded to men at Oakwood University in General Biological Sciences, which is 0.737 times less than the 19 female recipients with that same degree.

Most Common Female Majors

In 2021, 25 degrees were awarded to men at Oakwood University in General Studies, which is 1.92 times more than the 13 male recipients with that same degree.

Time to Complete

29%

100% Completion Time

50%

150% Completion Time

In 2021, 29% of students graduating from Oakwood University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 50% completed their degrees within 150% of the normal time, and 54% 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.

Hispanic or Latino Female

Highest Graduation Rate (60%)

The student demographic with the highest graduation rate in 2021 at Oakwood University is Female and Hispanic or Latino (60% 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, 1.21% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

Black or African American
216 degrees awarded
Hispanic or Latino
22 degrees awarded
Two or More Races
11 degrees awarded

The most common race/ethnicity at Oakwood University is black or african american (216 degrees awarded). There were 9.82 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (22 degrees).

3.09% of degree recipients (9 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

Black or African American Female
135 degrees awarded
Black or African American Male
81 degrees awarded
Hispanic or Latino Female
13 degrees awarded

The most common race/ethnicity and sex grouping at Oakwood University is black or african american female (135 degrees awarded). There were 1.67 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (81 degrees).

Operations

Oakwood University has an endowment valued at nearly $26.3M, as of the end of the 2021 fiscal year. The return on its endowment was of 721k (2.74%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Oakwood University had a total salary expenditure of 53.4M. Oakwood University employs 44 Assistant professors, 33 Associate professors and 23 Professors. Most academics at Oakwood University are Male Assistant professor (26), Female Associate professor (18), and Female Assistant professor (18).

The most common positions for non-instructional staff at Oakwood University are: Management, with 56 employees, Office and Administrative Support, with 47 employees, and Computer, Engineering, and Science with 18 employees.

Endowment

$26.3M

2021 Endowment

30.1%

growth from 2020

Oakwood University has an endowment valued at about $26.3M, as of the end of the 2021 fiscal year. The endowment of Oakwood University grew 30.1% from the previous year. The value of their endowment was $26.1M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Oakwood 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

$15.7M

2021 Salaries

9.9%

decline from 2020

In 2021, Oakwood University paid a median of $15.7M in salaries, which represents 29.4% of their overall expenditure ($53.4M) and a 9.9% decline from the previous year.

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

Instructional Salaries

$5.29M

Instructional Salaries

100

Number of Employees

In 2021, Oakwood University paid a total of $5.29M to 100 employees working as instructors, which represents 33.7% of all salaries paid.

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

Occupations by Share

Assistant professor

Most Common Instructor

44 Employees

Management

Most Common Non-Instructional Employee

56 Employees

In 2021, the most common positions for instructional staff at Oakwood University were Assistant professor with 44 employees, Associate professor with 33 employees, and Professor with 23 employees.

In 2021, the most common positions for non-instructional staff at Oakwood University were Management with 56 employees, Office and Administrative Support with 47 employees, and Computer, Engineering, and Science with 18 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Assistant professor
Female Associate professor
Female Assistant professor

In 2021, the most common demographic for instructional staff at Oakwood University was Male Assistant professor with 26 employees, Female Associate professor with 18 employees, and Female Assistant professor with 18 employees.

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