Alverno College

www.alverno.edu

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2023 Undergraduate Tuition

$31,944

3.02% growth from 2022

2023 Average Net Price

$17,884

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

93.1%

667 Applicants

2023 Enrolled Students

1,719

70.7% Full-Time

2023 Graduation Rate

51.9%

97 Graduates

About

Alverno College is a higher education institution located in Milwaukee County, WI. In 2023, the most popular Masters Degree concentrations at Alverno College were Registered Nursing (166 degrees awarded), School Psychology (30 degrees), and Family Practice Nurse (20 degrees).

In 2023, 637 degrees were awarded across all undergraduate and graduate programs at Alverno College. 91.1% of these degrees were awarded to women, and 8.95% awarded men. The most common race/ethnicity group of degree recipients was white (325 degrees), 2.62 times more than then the next closest race/ethnicity group, hispanic or latino (124 degrees).

The median undergraduate tuition at Alverno College is $31,944, which is $7,369 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Alverno College was 0%, corresponding to 0 out of the 671 total borrowers.

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Alverno College is $31,944, which is $7,369 more than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $17,884.

In 2023, 82% of undergraduate students attending Alverno College received financial aid through grants. Comparatively, 59% of undergraduate students received financial aid through loans.

Tuition Costs

$31,944

2023 Undergraduate Tuition

In 2023, the cost of tuition at Alverno College was $31,944. The cost of tuition at Alverno College is $7,369 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

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

Average Net Price

$17,884

2023 Value

1.18%

1 Year Growth

In 2023 Alverno College had an average net price — the price paid after factoring in grants and loans — of $17,884. Between 2022 and 2023, the average net price of Alverno College grew by 1.18%.

This chart compares the average net price of Alverno 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

$8,462

Room and Board

$768

Books and Supplies

The average yearly cost of room and board at Alverno College was of $8,462 in 2023. The cost of room and board increased by 0.344% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $768. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

82%

Undergraduates Receiving Financial Aid through Grants

59%

Undergraduates Receiving Financial Aid through Loans

82% of undergraduate students at Alverno College received financial aid through grants or loans in 2023. This represents a decline of 5.75% with respect to 2022, when 87% of undergraduate students received financial aid.

This chart compares the average award discount at Alverno 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 Alverno College was 0%, which represents 0 out of the 671 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

Alverno College received 667 undergraduate applications in 2023, which represents a 2.3% annual growth. Out of those 667 applicants, 621 students were accepted for enrollment, representing a 93.1% acceptance rate.

There were 1,719 students enrolled at Alverno College in 2023. 4% of first-time enrollees submitted SAT scores with their applications.

Alverno College has an overall enrollment yield of 24.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

93.1%

Acceptance Rate in 2023

621

Accepted Out of 667

In 2023, the undergraduate acceptance rate of Alverno College was 93.1% (621 admissions from 667 applications). This is higher than the acceptance rate of 2022, which was 89.9%. Between 2022 and 2023, the number of applicants grew by 2.3%, while admissions grew by 5.97%.

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

SAT Scores

Submission Percentage (2015)

Scores Submitted (2015)

4% of enrolled first-time students at Alverno College in 2015 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

Alverno College had a total enrollment of 1,719 students in 2023. The full-time enrollment at Alverno College is 1,215 students and the part-time enrollment is 504. This means that 70.7% of students enrolled at Alverno College are enrolled full-time.

The enrolled student population at Alverno College, both undergraduate and graduate, is 37.2% White, 27% Hispanic or Latino, 17.9% Black or African American, 5.88% Asian, 4.07% Two or More Races, 0.233% American Indian or Alaska Native, and 0.0582% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alverno College in full-time Undergraduate programs are most commonly Hispanic or Latino Female (42.6%), followed by White Female (29.4%) and Black or African American Female (15.6%). Students enrolled in full-time Graduate programs are most commonly White Female (43.6%), followed by Black or African American Female (15.4%) and Hispanic or Latino Female (14.3%).

Full-Time vs Part-Time Enrollment

70.7%

Full-Time Enrollment

The total enrollment at Alverno College in 2023, both undergraduate and graduate, is 1,719 students. The full-time enrollment at Alverno College is 1,215 and the part-time enrollment is 504. This means that 70.7% of students enrolled at Alverno College are enrolled full-time compared with 68.2% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Alverno College (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 Alverno College was 79%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Alverno College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
639 enrolled students
Hispanic or Latino
464 enrolled students
Black or African American
308 enrolled students

The enrolled student population at Alverno College is 37.2% White, 27% Hispanic or Latino, 17.9% Black or African American, 5.88% Asian, 4.07% Two or More Races, 0.233% American Indian or Alaska Native, and 0.0582% 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 Masters Colleges and Universities is 50.1% White, 17.7% Hispanic or Latino, and 13.4% 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, 101 students (5.88%) did not report their race.

Graduates

In 2023, 523 more women than men received degrees from Alverno College. The most common race/ethnicity group of degree recipients at Alverno College is white (325 degrees awarded). There were 2.62 times more white recipients than the next closest race/ethnicity group, hispanic or latino (124 degrees).

The most common Masters Degree concentration at Alverno College is Registered Nursing (166 degrees awarded), followed by School Psychology (30 degrees) and Family Practice Nurse (20 degrees).

In 2023, the most specialized majors across all degree types at Alverno College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Education (161 degrees awarded), Health (293 degrees), and Psychology (57 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 Alverno College are Elementary & middle school teachers (1,633,527 people), Registered nurses (1,560,930 people), Secondary school teachers (532,028 people), Education administrators (326,608 people), and Social workers, all other (285,501 people).

The most specialized majors at Alverno College in 2023 are Education (161 degrees awarded), Health (293 degrees), Psychology (57 degrees), Language & Linguistics (6 degrees), and Public Administration and Social Service (12 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 Alverno College are Surgeons, Cardiovascular technologists and technicians, Nuclear medicine technologists and medical dosimetrists, Aircraft pilots & flight engineers, and Physicians

The most specialized majors at Alverno College are Education (161 degrees awarded), Health (293 degrees), Psychology (57 degrees), Language & Linguistics (6 degrees), and Public Administration and Social Service (12 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 Alverno College are Elementary & secondary schools (3,268,224 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,800,436 people), Colleges, universities & professional schools, including junior colleges (537,274 people), Outpatient care centers (472,443 people), and Individual & family services (304,919 people).

Majors Awarded

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

Most Common (2023)

Registered Nursing
166 degrees awarded
School Psychology
30 degrees awarded
Family Practice Nurse
20 degrees awarded

In 2023, the most common masters degree concentration at Alverno College was Registered Nursing with 166 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

580

Degrees Awarded to Women

in 2023

In 2023, 57 degrees were awarded to men at Alverno College, which is 0.0983 times less than the number of degrees awarded to females (580).

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

Most Common Male Majors

In 2023, 22 degrees were awarded to men at Alverno College in Registered Nursing, which is 0.108 times less than the 203 female recipients with that same degree.

Most Common Female Majors

In 2023, 203 degrees were awarded to men at Alverno College in Registered Nursing, which is 9.23 times more than the 22 male recipients with that same degree.

Time to Complete

25%

100% Completion Time

48%

150% Completion Time

In 2023, 25% of students graduating from Alverno College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 48% 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 Masters Colleges and Universities 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 2023 at Alverno College is Female and Two or More Races (80% graduation rate). Across all Masters Colleges and Universities, 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
325 degrees awarded
Hispanic or Latino
124 degrees awarded
Black or African American
99 degrees awarded

The most common race/ethnicity at Alverno College is white (325 degrees awarded). There were 2.62 times more white recipients than the next closest race/ethnicity group, hispanic or latino (124 degrees).

0.942% of degree recipients (6 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
295 degrees awarded
Hispanic or Latino Female
119 degrees awarded
Black or African American Female
83 degrees awarded

The most common race/ethnicity and sex grouping at Alverno College is white female (295 degrees awarded). There were 2.48 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (119 degrees).

Operations

Alverno College has an endowment valued at nearly $38.6M, as of the end of the 2023 fiscal year. The return on its endowment was of 4.8M (12.4%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Alverno College had a total salary expenditure of 43.7M. Alverno College employs 34 Assistant professors, 28 Professors and 23 Associate professors. Most academics at Alverno College are Female Assistant professor (31), Female Professor (19), and Female Associate professor (19).

The most common positions for non-instructional staff at Alverno College are: Management, with 60 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 29 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 23 employees.

Endowment

$38.6M

2023 Endowment

8.9%

growth from 2022

Alverno College has an endowment valued at about $38.6M, as of the end of the 2023 fiscal year. The endowment of Alverno College grew 8.9% from the previous year. The value of their endowment was $11.1M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Medium Programs Carnegie Classification grouping.

Salary Expenditure

$18.8M

2023 Salaries

2.79%

decline from 2022

In 2023, Alverno College paid a median of $18.8M in salaries, which represents 43.1% of their overall expenditure ($43.7M) and a 2.79% decline from the previous year. This is compared to a 0.99% growth between 2021 and 2022, and a 10.3% growth between 2020 and 2021.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$5.44M

Instructional Salaries

Number of Employees

In 2023, Alverno College paid a total of $5.44M to 85 employees working as instructors, which represents 28.9% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

Occupations by Share

Assistant professor

Most Common Instructor

34 Employees

Management

Most Common Non-Instructional Employee

60 Employees

In 2023, the most common positions for instructional staff at Alverno College were Assistant professor with 34 employees, Professor with 28 employees, and Associate professor with 23 employees.

In 2023, the most common positions for non-instructional staff at Alverno College were Management with 60 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 29 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 23 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Female Professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Alverno College was Female Assistant professor with 31 employees, Female Professor with 19 employees, and Female Associate professor with 19 employees.

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

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