Northwood University

www.northwood.edu

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2023 Undergraduate Tuition

$31,400

4.6% growth from 2022

2023 Average Net Price

$26,429

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

83.9%

2,074 Applicants

2023 Enrolled Students

2,360

60% Full-Time

2023 Graduation Rate

61.1%

160 Graduates

About

Northwood University is a higher education institution located in Midland County, MI. In 2023, the most popular Bachelors Degree concentrations at Northwood University were General Business Administration & Management (272 degrees awarded), Accounting (65 degrees), and General Finance (57 degrees).

In 2023, 848 degrees were awarded across all undergraduate and graduate programs at Northwood University. 43.4% of these degrees were awarded to women, and 56.6% awarded men. The most common race/ethnicity group of degree recipients was white (612 degrees), 8.62 times more than then the next closest race/ethnicity group, black or african american (71 degrees).

The median undergraduate tuition at Northwood University is $31,400, which is $16,236 more than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Northwood University was 0%, corresponding to 0 out of the 865 total borrowers.

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

Costs

In 2023, the median undergraduate tuition at Northwood University is $31,400, which is $16,236 more than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $26,429.

In 2023, 54% of undergraduate students attending Northwood University received financial aid through grants. Comparatively, 66% of undergraduate students received financial aid through loans.

Tuition Costs

$31,400

2023 Undergraduate Tuition

In 2023, the cost of tuition at Northwood University was $31,400. The cost of tuition at Northwood University is $16,236 more than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$26,429

2023 Value

7.37%

1 Year Growth

In 2023 Northwood University had an average net price — the price paid after factoring in grants and loans — of $26,429. Between 2022 and 2023, the average net price of Northwood University grew by 7.37%.

This chart compares the average net price of Northwood 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

$11,407

Room and Board

$1,240

Books and Supplies

The average yearly cost of room and board at Northwood University was of $11,407 in 2023. The cost of room and board increased by 1.25% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,240. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

54%

Undergraduates Receiving Financial Aid through Grants

66%

Undergraduates Receiving Financial Aid through Loans

54% of undergraduate students at Northwood University received financial aid through grants or loans in 2023. This represents a decline of 20.6% with respect to 2022, when 68% of undergraduate students received financial aid.

This chart compares the average award discount at Northwood 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Northwood University was 0%, which represents 0 out of the 865 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

Northwood University received 2,074 undergraduate applications in 2023, which represents a 51.6% annual growth. Out of those 2,074 applicants, 1,740 students were accepted for enrollment, representing a 83.9% acceptance rate.

There were 2,360 students enrolled at Northwood University in 2023. 65% of first-time enrollees submitted SAT scores with their applications.

Northwood University has an overall enrollment yield of 19.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

83.9%

Acceptance Rate in 2023

1,740

Accepted Out of 2,074

In 2023, the undergraduate acceptance rate of Northwood University was 83.9% (1,740 admissions from 2,074 applications). This is higher than the acceptance rate of 2022, which was 79.7%. Between 2022 and 2023, the number of applicants grew by 51.6%, while admissions grew by 59.6%.

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

SAT Scores

65%

Submission Percentage (2022)

146

Scores Submitted (2022)

65% of enrolled first-time students at Northwood University in 2022 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.

Enrollment

Northwood University had a total enrollment of 2,360 students in 2023. The full-time enrollment at Northwood University is 1,415 students and the part-time enrollment is 945. This means that 60% of students enrolled at Northwood University are enrolled full-time.

The enrolled student population at Northwood University, both undergraduate and graduate, is 66.1% White, 8.39% Black or African American, 6.4% Hispanic or Latino, 2.58% Two or More Races, 1.48% Asian, 0.466% American Indian or Alaska Native, and 0.127% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Northwood University in full-time Undergraduate programs are most commonly White Male (44.8%), followed by White Female (28.5%) and Black or African American Male (4.63%). Students enrolled in full-time Graduate programs are most commonly White Female (26.8%), followed by White Male (23.7%) and Asian Male (6.19%).

Full-Time vs Part-Time Enrollment

60%

Full-Time Enrollment

The total enrollment at Northwood University in 2023, both undergraduate and graduate, is 2,360 students. The full-time enrollment at Northwood University is 1,415 and the part-time enrollment is 945. This means that 60% of students enrolled at Northwood University are enrolled full-time compared with 70.4% at similar Special Focus Institutions.

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

Retention Rate over Time

79%

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 Northwood University was 79%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Northwood University had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,561 enrolled students
Black or African American
198 enrolled students
Hispanic or Latino
151 enrolled students

The enrolled student population at Northwood University is 66.1% White, 8.39% Black or African American, 6.4% Hispanic or Latino, 2.58% Two or More Races, 1.48% Asian, 0.466% American Indian or Alaska Native, and 0.127% 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 41.6% White, 19.6% Hispanic or Latino, and 14.5% 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, 230 students (9.75%) did not report their race.

Graduates

In 2023, 112 fewer women than men received degrees from Northwood University. The most common race/ethnicity group of degree recipients at Northwood University is white (612 degrees awarded). There were 8.62 times more white recipients than the next closest race/ethnicity group, black or african american (71 degrees).

The most common Bachelor's Degree concentration at Northwood University is General Business Administration & Management (272 degrees awarded), followed by Accounting (65 degrees) and General Finance (57 degrees).

In 2023, the most specialized majors across all degree types at Northwood University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Business (773 degrees awarded), Parks, Recreation, & Leisure (26 degrees), and Computer and Information Sciences and Support Services (29 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Northwood University are Registered nurses (1,578,346 people), Accountants & auditors (1,063,867 people), Other managers (996,200 people), Software developers (754,955 people), and Financial managers (564,292 people).

The most specialized majors at Northwood University in 2023 are Business (773 degrees awarded), Parks, Recreation, & Leisure (26 degrees), Computer and Information Sciences and Support Services (29 degrees), Communications (10 degrees), and Health (9 degrees) (as of 2023).

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 Northwood University are Surgeons, Physicians, Cardiovascular technologists and technicians, Architectural & engineering managers, and Nurse anesthetists

The most specialized majors at Northwood University are Business (773 degrees awarded), Parks, Recreation, & Leisure (26 degrees), Computer and Information Sciences and Support Services (29 degrees), Communications (10 degrees), and Health (9 degrees) (as of 2023).

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 Northwood University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,882,047 people), Computer Systems Design (1,056,865 people), Elementary & secondary schools (786,792 people), Colleges, universities & professional schools, including junior colleges (554,990 people), and Banking & related activities (542,701 people).

Majors Awarded

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

Most Common (2023)

General Business Administration & Management
272 degrees awarded
Accounting
65 degrees awarded
General Finance
57 degrees awarded

In 2023, the most common bachelors degree concentration at Northwood University was General Business Administration & Management with 272 degrees awarded.

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

Sex Breakdown for Common Majors

480

Degrees Awarded to Men

in 2023

368

Degrees Awarded to Women

in 2023

In 2023, 480 degrees were awarded to men at Northwood University, which is 1.3 times more than the number of degrees awarded to females (368).

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

Most Common Male Majors

In 2023, 218 degrees were awarded to men at Northwood University in General Business Administration & Management, which is 1.06 times more than the 206 female recipients with that same degree.

Most Common Female Majors

In 2023, 206 degrees were awarded to men at Northwood University in General Business Administration & Management, which is 0.945 times less than the 218 male recipients with that same degree.

Time to Complete

47%

100% Completion Time

62%

150% Completion Time

In 2023, 47% of students graduating from Northwood University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 62% completed their degrees within 150% of the normal time, and 63% 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.

Hispanic or Latino Female

Highest Graduation Rate (80%)

The student demographic with the highest graduation rate in 2023 at Northwood University is Female and Hispanic or Latino (80% graduation rate). Across all Special Focus Institutions, 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 (3 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
612 degrees awarded
Black or African American
71 degrees awarded
Hispanic or Latino
56 degrees awarded

The most common race/ethnicity at Northwood University is white (612 degrees awarded). There were 8.62 times more white recipients than the next closest race/ethnicity group, black or african american (71 degrees).

5.19% of degree recipients (44 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
335 degrees awarded
White Female
277 degrees awarded
Black or African American Male
47 degrees awarded

The most common race/ethnicity and sex grouping at Northwood University is white male (335 degrees awarded). There were 1.21 times more white male recipients than the next closest race/ethnicity group, white female (277 degrees).

Operations

Northwood University has an endowment valued at nearly $105M, as of the end of the 2023 fiscal year. The return on its endowment was of 10.2M (9.63%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Northwood University had a total salary expenditure of 52.4M. Northwood University employs 21 Assistant professors, 19 Associate professors and 3 Professors. Most academics at Northwood University are Male Assistant professor (16), Female Associate professor (11), and Male Associate professor (8).

The most common positions for non-instructional staff at Northwood University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 61 employees, Business and Financial Operations, with 29 employees, and Management with 29 employees.

Endowment

$105M

2023 Endowment

5.24%

growth from 2022

Northwood University has an endowment valued at about $105M, as of the end of the 2023 fiscal year. The endowment of Northwood University grew 5.24% from the previous year. The value of their endowment was $93M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Northwood University (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

$18.9M

2023 Salaries

2.21%

growth from 2022

In 2023, Northwood University paid a median of $18.9M in salaries, which represents 36% of their overall expenditure ($52.4M) and a 2.21% growth from the previous year. This is compared to a 0.263% decline between 2021 and 2022, and a 21.2% decline between 2020 and 2021.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$3.04M

Instructional Salaries

Number of Employees

In 2023, Northwood University paid a total of $3.04M to 43 employees working as instructors, which represents 16.1% of all salaries paid.

This is compared to a median of $208k (5.9%) for similar Special Focus Institutions.

Occupations by Share

Assistant professor

Most Common Instructor

21 Employees

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

Most Common Non-Instructional Employee

61 Employees

In 2023, the most common positions for instructional staff at Northwood University were Assistant professor with 21 employees, Associate professor with 19 employees, and Professor with 3 employees.

In 2023, the most common positions for non-instructional staff at Northwood University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 61 employees, Business and Financial Operations with 29 employees, and Management with 29 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Female Associate professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Northwood University was Male Assistant professor with 16 employees, Female Associate professor with 11 employees, and Male Associate professor with 8 employees.

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

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