Averett University

www.averett.edu

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2023 Undergraduate Tuition

$38,400

2.02% growth from 2022

2023 Average Net Price

$24,091

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

47.8%

3,322 Applicants

2023 Enrolled Students

1,378

77.4% Full-Time

2023 Graduation Rate

43.6%

122 Graduates

About

Averett University is a higher education institution located in Danville city, VA. In 2023, the most popular Bachelors Degree concentrations at Averett University were Registered Nursing (60 degrees awarded), General Business Administration & Management (25 degrees), and Criminal Justice - Law Enforcement Administration (25 degrees).

In 2023, 386 degrees were awarded across all undergraduate and graduate programs at Averett University. 60.6% of these degrees were awarded to women, and 39.4% awarded men. The most common race/ethnicity group of degree recipients was white (241 degrees), 2.8 times more than then the next closest race/ethnicity group, black or african american (86 degrees).

The median undergraduate tuition at Averett University is $38,400, which is $9,120 more than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Averett University was 0%, corresponding to 0 out of the 513 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Averett University is $38,400, which is $9,120 more than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $24,091.

In 2023, 85% of undergraduate students attending Averett University received financial aid through grants. Comparatively, 68% of undergraduate students received financial aid through loans.

Tuition Costs

$38,400

2023 Undergraduate Tuition

In 2023, the cost of tuition at Averett University was $38,400. The cost of tuition at Averett University is $9,120 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$24,091

2023 Value

1.3%

1 Year Growth

In 2023 Averett University had an average net price — the price paid after factoring in grants and loans — of $24,091. Between 2022 and 2023, the average net price of Averett University grew by 1.3%.

This chart compares the average net price of Averett 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

$8,197

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Averett University was of $8,197 in 2023. The cost of room and board increased by 3% 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 Averett University (in red) with that of similar universities.

Financial Aid by Income Level

85%

Undergraduates Receiving Financial Aid through Grants

68%

Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at Averett University received financial aid through grants or loans in 2023. This represents a decline of 9.57% with respect to 2022, when 94% of undergraduate students received financial aid.

This chart compares the average award discount at Averett 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 Averett University was 0%, which represents 0 out of the 513 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

Averett University received 3,322 undergraduate applications in 2023, which represents a 42.9% annual growth. Out of those 3,322 applicants, 1,588 students were accepted for enrollment, representing a 47.8% acceptance rate.

There were 1,378 students enrolled at Averett University in 2023. 8% of first-time enrollees submitted SAT scores with their applications.

Averett University has an overall enrollment yield of 17.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

47.8%

Acceptance Rate in 2023

1,588

Accepted Out of 3,322

In 2023, the undergraduate acceptance rate of Averett University was 47.8% (1,588 admissions from 3,322 applications). This is lower than the acceptance rate of 2022, which was 76%. Between 2022 and 2023, the number of applicants grew by 42.9%, while admissions declined by 10.1%.

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

SAT Scores

Submission Percentage (2023)

Scores Submitted (2023)

8% of enrolled first-time students at Averett University 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

Averett University had a total enrollment of 1,378 students in 2023. The full-time enrollment at Averett University is 1,067 students and the part-time enrollment is 311. This means that 77.4% of students enrolled at Averett University are enrolled full-time.

The enrolled student population at Averett University, both undergraduate and graduate, is 50.1% White, 28.2% Black or African American, 5.08% Hispanic or Latino, 4.35% Two or More Races, 1.45% Asian, 0.653% American Indian or Alaska Native, and 0.29% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Averett University in full-time Undergraduate programs are most commonly White Male (24.7%), followed by White Female (24%) and Black or African American Male (15.8%). Students enrolled in full-time Graduate programs are most commonly White Female (36.7%), followed by Black or African American Female (33.3%) and White Male (23.3%).

Full-Time vs Part-Time Enrollment

77.4%

Full-Time Enrollment

The total enrollment at Averett University in 2023, both undergraduate and graduate, is 1,378 students. The full-time enrollment at Averett University is 1,067 and the part-time enrollment is 311. This means that 77.4% of students enrolled at Averett University are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

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

Retention Rate over Time

59%

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 Averett University was 59%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Averett University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
691 enrolled students
Black or African American
388 enrolled students
Hispanic or Latino
70 enrolled students

The enrolled student population at Averett University is 50.1% White, 28.2% Black or African American, 5.08% Hispanic or Latino, 4.35% Two or More Races, 1.45% Asian, 0.653% American Indian or Alaska Native, and 0.29% 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, 31 students (2.25%) did not report their race.

Graduates

In 2023, 82 more women than men received degrees from Averett University. The most common race/ethnicity group of degree recipients at Averett University is white (241 degrees awarded). There were 2.8 times more white recipients than the next closest race/ethnicity group, black or african american (86 degrees).

The most common Bachelor's Degree concentration at Averett University is Registered Nursing (60 degrees awarded), followed by General Business Administration & Management (25 degrees) and Criminal Justice - Law Enforcement Administration (25 degrees).

In 2023, the most specialized majors across all degree types at Averett University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Transportation (24 degrees awarded), Parks, Recreation, & Leisure (37 degrees), and Protective Services (29 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 Averett University are Elementary & middle school teachers (1,491,578 people), Secondary school teachers (494,841 people), Education administrators (258,897 people), Special education teachers (201,315 people), and Preschool & kindergarten teachers (183,039 people).

The most specialized majors at Averett University in 2023 are Transportation (24 degrees awarded), Parks, Recreation, & Leisure (37 degrees), Protective Services (29 degrees), Education (65 degrees), and Agriculture (5 degrees) (as of 2023).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Physicians, Surgeons, Photographic process workers & processing machine operators, Nurse anesthetists, and Personal financial advisors

The most specialized majors at Averett University are Transportation (24 degrees awarded), Parks, Recreation, & Leisure (37 degrees), Protective Services (29 degrees), Education (65 degrees), and Agriculture (5 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 Averett University are Elementary & secondary schools (3,152,665 people), Colleges, universities & professional schools, including junior colleges (554,348 people), Computer Systems Design (546,420 people), Justice, public order, & safety activities (521,601 people), and Banking & related activities (510,860 people).

Majors Awarded

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

Most Common (2023)

Registered Nursing
60 degrees awarded
General Business Administration & Management
25 degrees awarded
Criminal Justice - Law Enforcement Administration
25 degrees awarded

In 2023, the most common bachelors degree concentration at Averett University was Registered Nursing with 60 degrees awarded.

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

Sex Breakdown for Common Majors

152

Degrees Awarded to Men

in 2023

234

Degrees Awarded to Women

in 2023

In 2023, 152 degrees were awarded to men at Averett University, which is 0.65 times less than the number of degrees awarded to females (234).

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

Most Common Male Majors

In 2023, 22 degrees were awarded to men at Averett University in General Business Administration & Management, which is 0.667 times less than the 33 female recipients with that same degree.

Most Common Female Majors

In 2023, 49 degrees were awarded to men at Averett University in Registered Nursing, which is 4.45 times more than the 11 male recipients with that same degree.

Time to Complete

36%

100% Completion Time

42%

150% Completion Time

In 2023, 36% of students graduating from Averett University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 42% completed their degrees within 150% of the normal time, and 42% 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.

American Indian or Alaska Native Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Averett University is Male and American Indian or Alaska Native (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, 0% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
241 degrees awarded
Black or African American
86 degrees awarded
Hispanic or Latino
13 degrees awarded

The most common race/ethnicity at Averett University is white (241 degrees awarded). There were 2.8 times more white recipients than the next closest race/ethnicity group, black or african american (86 degrees).

2.07% of degree recipients (8 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
154 degrees awarded
White Male
87 degrees awarded
Black or African American Female
50 degrees awarded

The most common race/ethnicity and sex grouping at Averett University is white female (154 degrees awarded). There were 1.77 times more white female recipients than the next closest race/ethnicity group, white male (87 degrees).

Operations

Averett University has an endowment valued at nearly $24.7M, as of the end of the 2023 fiscal year. The return on its endowment was of 1.53M (6.19%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Averett University had a total salary expenditure of 40M. Averett University employs 16 Assistant professors, 15 Associate professors and 12 Professors. Most academics at Averett University are Female Associate professor (10), Male Assistant professor (8), and Male Professor (8).

The most common positions for non-instructional staff at Averett University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 47 employees, Management, with 35 employees, and Office and Administrative Support with 28 employees.

Endowment

$24.7M

2023 Endowment

7.3%

decline from 2022

Averett University has an endowment valued at about $24.7M, as of the end of the 2023 fiscal year. The endowment of Averett University declined 7.3% from the previous year. The value of their endowment was $26.7M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Averett 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

$14.6M

2023 Salaries

4.79%

growth from 2022

In 2023, Averett University paid a median of $14.6M in salaries, which represents 36.6% of their overall expenditure ($40M) and a 4.79% growth from the previous year. This is compared to a 3.02% growth between 2021 and 2022, and a 29.3% growth between 2020 and 2021.

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

Instructional Salaries

$2.71M

Instructional Salaries

Number of Employees

In 2023, Averett University paid a total of $2.71M to 46 employees working as instructors, which represents 18.5% 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

16 Employees

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

Most Common Non-Instructional Employee

47 Employees

In 2023, the most common positions for instructional staff at Averett University were Assistant professor with 16 employees, Associate professor with 15 employees, and Professor with 12 employees.

In 2023, the most common positions for non-instructional staff at Averett University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 47 employees, Management with 35 employees, and Office and Administrative Support with 28 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Associate professor
Male Assistant professor
Male Professor

In 2023, the most common demographic for instructional staff at Averett University was Female Associate professor with 10 employees, Male Assistant professor with 8 employees, and Male Professor with 8 employees.

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

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