St Olaf College

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2023 Undergraduate Tuition

$56,970

4.25% growth from 2022

2023 Average Net Price

$27,282

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

52.1%

5,956 Applicants

2023 Enrolled Students

3,074

99% Full-Time

2023 Graduation Rate

83.5%

653 Graduates

About

St Olaf College is a higher education institution located in Rice County, MN. In 2023, the most popular Bachelors Degree concentrations at St Olaf College were General Biological Sciences (91 degrees awarded), General Mathematics (75 degrees), and Other Research & Experimental Psychology (69 degrees).

In 2023, 926 degrees were awarded across all undergraduate and graduate programs at St Olaf College. 61.3% of these degrees were awarded to women, and 38.7% awarded men. The most common race/ethnicity group of degree recipients was white (652 degrees), 11.6 times more than then the next closest race/ethnicity group, hispanic or latino (56 degrees).

The median undergraduate tuition at St Olaf College is $56,970, which is $27,690 more than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at St Olaf College was 0%, corresponding to 0 out of the 516 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at St Olaf College is $56,970, which is $27,690 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $27,282.

In 2023, 98% of undergraduate students attending St Olaf College received financial aid through grants. Comparatively, 44% of undergraduate students received financial aid through loans.

Tuition Costs

$56,970

2023 Undergraduate Tuition

In 2023, the cost of tuition at St Olaf College was $56,970. The cost of tuition at St Olaf College is $27,690 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$27,282

2023 Value

4.25%

1 Year Growth

In 2023 St Olaf College had an average net price — the price paid after factoring in grants and loans — of $27,282. Between 2022 and 2023, the average net price of St Olaf College grew by 4.25%.

This chart compares the average net price of St Olaf 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

$12,450

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at St Olaf College was of $12,450 in 2023. The cost of room and board increased by 3.75% between 2022 and 2023.

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 St Olaf College (in red) with that of similar universities.

Financial Aid by Income Level

98%

Undergraduates Receiving Financial Aid through Grants

44%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at St Olaf College received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 98% of undergraduate students received financial aid.

This chart compares the average award discount at St Olaf 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at St Olaf College was 0%, which represents 0 out of the 516 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

St Olaf College received 5,956 undergraduate applications in 2023, which represents a 7.82% annual growth. Out of those 5,956 applicants, 3,106 students were accepted for enrollment, representing a 52.1% acceptance rate.

There were 3,074 students enrolled at St Olaf College in 2023. 12% of first-time enrollees submitted SAT scores with their applications.

St Olaf College has an overall enrollment yield of 26.6%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

52.1%

Acceptance Rate in 2023

3,106

Accepted Out of 5,956

In 2023, the undergraduate acceptance rate of St Olaf College was 52.1% (3,106 admissions from 5,956 applications). This is lower than the acceptance rate of 2022, which was 56.4%. Between 2022 and 2023, the number of applicants grew by 7.82%, while admissions declined by 0.321%.

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

SAT Scores

12%

Submission Percentage (2023)

Scores Submitted (2023)

12% of enrolled first-time students at St Olaf College in 2023 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

St Olaf College had a total enrollment of 3,074 students in 2023. The full-time enrollment at St Olaf College is 3,044 students and the part-time enrollment is 30. This means that 99% of students enrolled at St Olaf College are enrolled full-time.

The enrolled student population at St Olaf College, both undergraduate and graduate, is 66.8% White, 9.3% Hispanic or Latino, 5.76% Asian, 4.52% Two or More Races, 3.19% Black or African American, and 0.0976% American Indian or Alaska Native.

Students enrolled at St Olaf College in full-time Undergraduate programs are most commonly White Female (39.1%), followed by White Male (27.8%) and Hispanic or Latino Female (5.28%).

Full-Time vs Part-Time Enrollment

99%

Full-Time Enrollment

The total enrollment at St Olaf College in 2023, both undergraduate and graduate, is 3,074 students. The full-time enrollment at St Olaf College is 3,044 and the part-time enrollment is 30. This means that 99% of students enrolled at St Olaf College are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

Retention Rate over Time

91%

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 St Olaf College was 91%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), St Olaf College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
2,054 enrolled students
Hispanic or Latino
286 enrolled students
Asian
177 enrolled students

The enrolled student population at St Olaf College is 66.8% White, 9.3% Hispanic or Latino, 5.76% Asian, 4.52% Two or More Races, 3.19% Black or African American, and 0.0976% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 14 students (0.455%) did not report their race.

Graduates

In 2023, 210 more women than men received degrees from St Olaf College. The most common race/ethnicity group of degree recipients at St Olaf College is white (652 degrees awarded). There were 11.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (56 degrees).

The most common Bachelor's Degree concentration at St Olaf College is General Biological Sciences (91 degrees awarded), followed by General Mathematics (75 degrees) and Other Research & Experimental Psychology (69 degrees).

In 2023, the most specialized majors across all degree types at St Olaf College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Cultural & Gender Studies (41 degrees awarded), Language & Linguistics (62 degrees), and Physical Sciences (73 degrees).

Common Jobs by Major

Postsecondary teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at St Olaf College are Postsecondary teachers (157,965 people), Other managers (141,130 people), Software developers (111,521 people), Secondary school teachers (106,513 people), and Elementary & middle school teachers (88,426 people).

The most specialized majors at St Olaf College in 2023 are Cultural & Gender Studies (41 degrees awarded), Language & Linguistics (62 degrees), Physical Sciences (73 degrees), Math & Statistics (75 degrees), and Natural Resources & Conservation (45 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 St Olaf College are Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Physicians

The most specialized majors at St Olaf College are Cultural & Gender Studies (41 degrees awarded), Language & Linguistics (62 degrees), Physical Sciences (73 degrees), Math & Statistics (75 degrees), and Natural Resources & Conservation (45 degrees) (as of 2023).

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 St Olaf College are Elementary & secondary schools (447,601 people), Colleges, universities & professional schools, including junior colleges (403,137 people), Computer Systems Design (197,662 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (147,663 people), and Legal services (114,309 people).

Majors Awarded

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

Most Common (2023)

General Biological Sciences
91 degrees awarded
General Mathematics
75 degrees awarded
Other Research & Experimental Psychology
69 degrees awarded

In 2023, the most common bachelors degree concentration at St Olaf College was General Biological Sciences with 91 degrees awarded.

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

Sex Breakdown for Common Majors

358

Degrees Awarded to Men

in 2023

568

Degrees Awarded to Women

in 2023

In 2023, 358 degrees were awarded to men at St Olaf College, which is 0.63 times less than the number of degrees awarded to females (568).

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

Most Common Male Majors

In 2023, 47 degrees were awarded to men at St Olaf College in General Mathematics, which is 1.68 times more than the 28 female recipients with that same degree.

Most Common Female Majors

In 2023, 65 degrees were awarded to men at St Olaf College in General Biological Sciences, which is 2.5 times more than the 26 male recipients with that same degree.

Time to Complete

81%

100% Completion Time

85%

150% Completion Time

In 2023, 81% of students graduating from St Olaf College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 85% completed their degrees within 150% of the normal time, and 85% 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.

Two or More Races Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at St Olaf College is Female and Two or More Races (100% graduation rate). Across all Baccalaureate Colleges, 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, 1.23% of graduates (8 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
652 degrees awarded
Hispanic or Latino
56 degrees awarded
Asian
50 degrees awarded

The most common race/ethnicity at St Olaf College is white (652 degrees awarded). There were 11.6 times more white recipients than the next closest race/ethnicity group, hispanic or latino (56 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
399 degrees awarded
White Male
253 degrees awarded
Asian Female
37 degrees awarded

The most common race/ethnicity and sex grouping at St Olaf College is white female (399 degrees awarded). There were 1.58 times more white female recipients than the next closest race/ethnicity group, white male (253 degrees).

Operations

St Olaf College has an endowment valued at nearly $712M, as of the end of the 2023 fiscal year. The return on its endowment was of 31.4M (4.41%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, St Olaf College had a total salary expenditure of 138M. St Olaf College employs 88 Assistant professors, 73 Associate professors and 57 Professors. Most academics at St Olaf College are Female Assistant professor (49), Male Assistant professor (39), and Female Associate professor (37).

The most common positions for non-instructional staff at St Olaf College are: Service, with 89 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 72 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 71 employees.

Endowment

$712M

2023 Endowment

2.16%

growth from 2022

St Olaf College has an endowment valued at about $712M, as of the end of the 2023 fiscal year. The endowment of St Olaf College grew 2.16% from the previous year. The value of their endowment was $660M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at St Olaf 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.

Government Grants and Contracts

Grants & Contracts

$6.21M - Federal
$344k - State
$973 - Local

As of 2023, St Olaf College received $6.21M in grants and contracts from the federal government, $344k from state grants and contracts, and $973 from local grants and contracts.

Salary Expenditure

$51.4M

2023 Salaries

6.48%

growth from 2022

In 2023, St Olaf College paid a median of $51.4M in salaries, which represents 37.3% of their overall expenditure ($138M) and a 6.48% growth from the previous year. This is compared to a 1.54% growth between 2021 and 2022, and a 1.23% growth between 2020 and 2021.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$19M

Instructional Salaries

232

Number of Employees

In 2023, St Olaf College paid a total of $19M to 232 employees working as instructors, which represents 37% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

88 Employees

Service

Most Common Non-Instructional Employee

89 Employees

In 2023, the most common positions for instructional staff at St Olaf College were Assistant professor with 88 employees, Associate professor with 73 employees, and Professor with 57 employees.

In 2023, the most common positions for non-instructional staff at St Olaf College were Service with 89 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 72 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 71 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Assistant professor
Female Associate professor

In 2023, the most common demographic for instructional staff at St Olaf College was Female Assistant professor with 49 employees, Male Assistant professor with 39 employees, and Female Associate professor with 37 employees.

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

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