University of Mount Olive

https://www.umo.edu

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2023 Undergraduate Tuition

$24,850

10% growth from 2022

2023 Average Net Price

$17,893

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

77.7%

1,748 Applicants

2023 Enrolled Students

2,128

63.7% Full-Time

2023 Graduation Rate

45.8%

125 Graduates

About

University of Mount Olive is a higher education institution located in Wayne County, NC. In 2023, the most popular Bachelors Degree concentrations at University of Mount Olive were General Business Administration & Management (56 degrees awarded), Early Childhood Education & Teaching (55 degrees), and Health Care Administration & Management (40 degrees).

In 2023, 614 degrees were awarded across all undergraduate and graduate programs at University of Mount Olive. 68.7% of these degrees were awarded to women, and 31.3% awarded men. The most common race/ethnicity group of degree recipients was white (355 degrees), 2.34 times more than then the next closest race/ethnicity group, black or african american (152 degrees).

The median undergraduate tuition at University of Mount Olive is $24,850, which is $−4,430 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at University of Mount Olive was 0%, corresponding to 0 out of the 1,087 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at University of Mount Olive is $24,850, which is $4,430 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $17,893.

In 2023, 83% of undergraduate students attending University of Mount Olive received financial aid through grants. Comparatively, 67% of undergraduate students received financial aid through loans.

Tuition Costs

$24,850

2023 Undergraduate Tuition

In 2023, the cost of tuition at University of Mount Olive was $24,850. The cost of tuition at University of Mount Olive is $−4,430 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$17,893

2023 Value

0.0839%

1 Year Growth

In 2023 University of Mount Olive had an average net price — the price paid after factoring in grants and loans — of $17,893. Between 2022 and 2023, the average net price of University of Mount Olive grew by 0.0839%.

This chart compares the average net price of University of Mount Olive (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

$7,992

Room and Board

$1,350

Books and Supplies

The average yearly cost of room and board at University of Mount Olive was of $7,992 in 2023. The cost of room and board increased by 3.72% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,350. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

83%

Undergraduates Receiving Financial Aid through Grants

67%

Undergraduates Receiving Financial Aid through Loans

83% of undergraduate students at University of Mount Olive received financial aid through grants or loans in 2023. This represents a decline of 2.35% with respect to 2022, when 85% of undergraduate students received financial aid.

This chart compares the average award discount at University of Mount Olive (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 University of Mount Olive was 0%, which represents 0 out of the 1087 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

University of Mount Olive received 1,748 undergraduate applications in 2023, which represents a 4.9% annual growth. Out of those 1,748 applicants, 1,359 students were accepted for enrollment, representing a 77.7% acceptance rate.

There were 2,128 students enrolled at University of Mount Olive in 2023. 14% of first-time enrollees submitted SAT scores with their applications.

University of Mount Olive has an overall enrollment yield of 20.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

77.7%

Acceptance Rate in 2023

1,359

Accepted Out of 1,748

In 2023, the undergraduate acceptance rate of University of Mount Olive was 77.7% (1,359 admissions from 1,748 applications). This is higher than the acceptance rate of 2022, which was 74.6%. Between 2022 and 2023, the number of applicants declined by 4.9%, while admissions declined by 0.875%.

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

SAT Scores

14%

Submission Percentage (2021)

Scores Submitted (2021)

14% of enrolled first-time students at University of Mount Olive in 2021 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

University of Mount Olive had a total enrollment of 2,128 students in 2023. The full-time enrollment at University of Mount Olive is 1,356 students and the part-time enrollment is 772. This means that 63.7% of students enrolled at University of Mount Olive are enrolled full-time.

The enrolled student population at University of Mount Olive, both undergraduate and graduate, is 52.7% White, 26% Black or African American, 10% Hispanic or Latino, 5.5% Two or More Races, 0.564% American Indian or Alaska Native, 0.564% Asian, and 0.094% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Mount Olive in full-time Undergraduate programs are most commonly White Female (34.2%), followed by White Male (20.6%) and Black or African American Female (11.9%). Students enrolled in full-time Graduate programs are most commonly White Female (47.4%), followed by Black or African American Female (23.9%) and White Male (11.7%).

Full-Time vs Part-Time Enrollment

63.7%

Full-Time Enrollment

The total enrollment at University of Mount Olive in 2023, both undergraduate and graduate, is 2,128 students. The full-time enrollment at University of Mount Olive is 1,356 and the part-time enrollment is 772. This means that 63.7% of students enrolled at University of Mount Olive are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

Retention Rate over Time

77%

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 University of Mount Olive was 77%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), University of Mount Olive had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,122 enrolled students
Black or African American
554 enrolled students
Hispanic or Latino
213 enrolled students

The enrolled student population at University of Mount Olive is 52.7% White, 26% Black or African American, 10% Hispanic or Latino, 5.5% Two or More Races, 0.564% American Indian or Alaska Native, 0.564% Asian, and 0.094% 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 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, 24 students (1.13%) did not report their race.

Graduates

In 2023, 230 more women than men received degrees from University of Mount Olive. The most common race/ethnicity group of degree recipients at University of Mount Olive is white (355 degrees awarded). There were 2.34 times more white recipients than the next closest race/ethnicity group, black or african american (152 degrees).

The most common Bachelor's Degree concentration at University of Mount Olive is General Business Administration & Management (56 degrees awarded), followed by Early Childhood Education & Teaching (55 degrees) and Health Care Administration & Management (40 degrees).

In 2023, the most specialized majors across all degree types at University of Mount Olive, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Agriculture (57 degrees awarded), Parks, Recreation, & Leisure (34 degrees), and Education (90 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 University of Mount Olive are Elementary & middle school teachers (1,594,796 people), Secondary school teachers (523,869 people), Education administrators (307,990 people), Other managers (256,880 people), and Special education teachers (227,134 people).

The most specialized majors at University of Mount Olive in 2023 are Agriculture (57 degrees awarded), Parks, Recreation, & Leisure (34 degrees), Education (90 degrees), Protective Services (36 degrees), and Psychology (50 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 University of Mount Olive are Surgeons, Physicians, Cardiovascular technologists and technicians, Photographic process workers & processing machine operators, and Aircraft pilots & flight engineers

The most specialized majors at University of Mount Olive are Agriculture (57 degrees awarded), Parks, Recreation, & Leisure (34 degrees), Education (90 degrees), Protective Services (36 degrees), and Psychology (50 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 University of Mount Olive are Elementary & secondary schools (3,221,789 people), Colleges, universities & professional schools, including junior colleges (580,053 people), Computer Systems Design (548,757 people), Justice, public order, & safety activities (544,967 people), and Banking & related activities (516,513 people).

Majors Awarded

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

Most Common (2023)

General Business Administration & Management
56 degrees awarded
Early Childhood Education & Teaching
55 degrees awarded
Health Care Administration & Management
40 degrees awarded

In 2023, the most common bachelors degree concentration at University of Mount Olive was General Business Administration & Management with 56 degrees awarded.

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

Sex Breakdown for Common Majors

192

Degrees Awarded to Men

in 2023

422

Degrees Awarded to Women

in 2023

In 2023, 192 degrees were awarded to men at University of Mount Olive, which is 0.455 times less than the number of degrees awarded to females (422).

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

Most Common Male Majors

In 2023, 41 degrees were awarded to men at University of Mount Olive in General Business Administration & Management, which is 0.707 times less than the 58 female recipients with that same degree.

Most Common Female Majors

In 2023, 58 degrees were awarded to men at University of Mount Olive in General Business Administration & Management, which is 1.41 times more than the 41 male recipients with that same degree.

Time to Complete

36%

100% Completion Time

47%

150% Completion Time

In 2023, 36% of students graduating from University of Mount Olive completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 47% completed their degrees within 150% of the normal time, and 49% 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.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at University of Mount Olive is Male and Asian (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, 4.8% of graduates (6 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
355 degrees awarded
Black or African American
152 degrees awarded
Hispanic or Latino
49 degrees awarded

The most common race/ethnicity at University of Mount Olive is white (355 degrees awarded). There were 2.34 times more white recipients than the next closest race/ethnicity group, black or african american (152 degrees).

1.3% of degree recipients (8 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
245 degrees awarded
White Male
110 degrees awarded
Black or African American Female
109 degrees awarded

The most common race/ethnicity and sex grouping at University of Mount Olive is white female (245 degrees awarded). There were 2.23 times more white female recipients than the next closest race/ethnicity group, white male (110 degrees).

Operations

University of Mount Olive has an endowment valued at nearly $43M, as of the end of the 2023 fiscal year. The return on its endowment was of 6.8M (15.8%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, University of Mount Olive had a total salary expenditure of 34.4M. University of Mount Olive employs 23 Assistant professors, 16 Associate professors and 12 Professors. Most academics at University of Mount Olive are Female Assistant professor (13), Male Assistant professor (10), and Female Associate professor (9).

The most common positions for non-instructional staff at University of Mount Olive are: Management, with 40 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 29 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 28 employees.

Endowment

$43M

2023 Endowment

18.4%

growth from 2022

University of Mount Olive has an endowment valued at about $43M, as of the end of the 2023 fiscal year. The endowment of University of Mount Olive grew 18.4% from the previous year. The value of their endowment was $8.43M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Mount Olive (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

$14.6M

2023 Salaries

5.04%

decline from 2022

In 2023, University of Mount Olive paid a median of $14.6M in salaries, which represents 42.4% of their overall expenditure ($34.4M) and a 5.04% decline from the previous year. This is compared to a 1.27% decline between 2021 and 2022, and a 9.95% decline between 2020 and 2021.

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

Instructional Salaries

$4.12M

Instructional Salaries

Number of Employees

In 2023, University of Mount Olive paid a total of $4.12M to 58 employees working as instructors, which represents 28.2% 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

23 Employees

Management

Most Common Non-Instructional Employee

40 Employees

In 2023, the most common positions for instructional staff at University of Mount Olive were Assistant professor with 23 employees, Associate professor with 16 employees, and Professor with 12 employees.

In 2023, the most common positions for non-instructional staff at University of Mount Olive were Management with 40 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 29 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 28 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 University of Mount Olive was Female Assistant professor with 13 employees, Male Assistant professor with 10 employees, and Female Associate professor with 9 employees.

This chart shows the sex split between each academic rank present at University of Mount Olive.

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