Carolina University

www.piedmontu.edu

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2023 Undergraduate Tuition

$13,400

6.35% growth from 2022

2023 Average Net Price

$19,111

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

34%

547 Applicants

2023 Enrolled Students

893

61.8% Full-Time

2023 Graduation Rate

28.1%

16 Graduates

About

Carolina University is a higher education institution located in Forsyth County, NC. In 2023, the most popular Masters Degree concentrations at Carolina University were Divinity & Ministry (60 degrees awarded), Other Business Administration, Management, & Operations (15 degrees), and Organizational Leadership (8 degrees).

In 2023, 185 degrees were awarded across all undergraduate and graduate programs at Carolina University. 40.5% of these degrees were awarded to women, and 59.5% awarded men. The most common race/ethnicity group of degree recipients was white (79 degrees), 2.39 times more than then the next closest race/ethnicity group, black or african american (33 degrees).

The median undergraduate tuition at Carolina University is $13,400, which is $−1,764 less than the national average for Special Focus Institutions ($15,164).

In 2020 the default rate for borrower's at Carolina University was 0%, corresponding to 0 out of the 197 total borrowers.

Special Focus Four-Year: Faith-Related Institutions Special Focus Institutions

Costs

In 2023, the median undergraduate tuition at Carolina University is $13,400, which is $1,764 less than the national average for Special Focus Institutions ($15,164).

After taking grants and loans into account, the average net price for students is $19,111.

In 2023, 97% of undergraduate students attending Carolina University received financial aid through grants. Comparatively, 51% of undergraduate students received financial aid through loans.

Tuition Costs

$13,400

2023 Undergraduate Tuition

In 2023, the cost of tuition at Carolina University was $13,400. The cost of tuition at Carolina University is $−1,764 less than than the overall (public and private) national average for Special Focus Institutions ($15,164).

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

Average Net Price

$19,111

2023 Value

14.2%

1 Year Growth

In 2023 Carolina University had an average net price — the price paid after factoring in grants and loans — of $19,111. Between 2022 and 2023, the average net price of Carolina University grew by 14.2%.

This chart compares the average net price of Carolina 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

$11,660

Room and Board

$2,000

Books and Supplies

The average yearly cost of room and board at Carolina University was of $11,660 in 2023. The cost of room and board increased by 9.38% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $2,000. The cost of books and supplies increased by 100% during the same period.

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

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

51%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Carolina University received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 97% of undergraduate students received financial aid.

This chart compares the average award discount at Carolina 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 Carolina University was 0%, which represents 0 out of the 197 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

Carolina University received 547 undergraduate applications in 2023, which represents a 16.1% annual growth. Out of those 547 applicants, 186 students were accepted for enrollment, representing a 34% acceptance rate.

There were 893 students enrolled at Carolina University in 2023. 40% of first-time enrollees submitted SAT scores with their applications.

Carolina University has an overall enrollment yield of 64%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

34%

Acceptance Rate in 2023

186

Accepted Out of 547

In 2023, the undergraduate acceptance rate of Carolina University was 34% (186 admissions from 547 applications). This is lower than the acceptance rate of 2022, which was 52%. Between 2022 and 2023, the number of applicants grew by 16.1%, while admissions declined by 24.1%.

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

SAT Scores

40%

Submission Percentage (2019)

Scores Submitted (2019)

40% of enrolled first-time students at Carolina University in 2019 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

Carolina University had a total enrollment of 893 students in 2023. The full-time enrollment at Carolina University is 552 students and the part-time enrollment is 341. This means that 61.8% of students enrolled at Carolina University are enrolled full-time.

The enrolled student population at Carolina University, both undergraduate and graduate, is 32.4% White, 16% Black or African American, 9.07% Hispanic or Latino, 3.58% Two or More Races, 1.23% Asian, 0.112% Native Hawaiian or Other Pacific Islanders, and 0.112% American Indian or Alaska Native.

Students enrolled at Carolina University in full-time Undergraduate programs are most commonly White Male (19.1%), followed by White Female (18%) and Hispanic or Latino Male (9.46%). Students enrolled in full-time Graduate programs are most commonly White Male (20.8%), followed by Black or African American Female (13%) and White Female (10.9%).

Full-Time vs Part-Time Enrollment

61.8%

Full-Time Enrollment

The total enrollment at Carolina University in 2023, both undergraduate and graduate, is 893 students. The full-time enrollment at Carolina University is 552 and the part-time enrollment is 341. This means that 61.8% of students enrolled at Carolina 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 Carolina University (in red) compares to similar universities.

Retention Rate over Time

56%

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 Carolina University was 56%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Carolina University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
289 enrolled students
Black or African American
143 enrolled students
Hispanic or Latino
81 enrolled students

The enrolled student population at Carolina University is 32.4% White, 16% Black or African American, 9.07% Hispanic or Latino, 3.58% Two or More Races, 1.23% Asian, 0.112% Native Hawaiian or Other Pacific Islanders, and 0.112% 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 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, 9 students (1.01%) did not report their race.

Graduates

In 2023, 35 fewer women than men received degrees from Carolina University. The most common race/ethnicity group of degree recipients at Carolina University is white (79 degrees awarded). There were 2.39 times more white recipients than the next closest race/ethnicity group, black or african american (33 degrees).

The most common Masters Degree concentration at Carolina University is Divinity & Ministry (60 degrees awarded), followed by Other Business Administration, Management, & Operations (15 degrees) and Organizational Leadership (8 degrees).

In 2023, the most specialized majors across all degree types at Carolina University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (72 degrees awarded), Cultural & Gender Studies (7 degrees), and Business (70 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Carolina University are Accountants & auditors (1,020,970 people), Other managers (781,268 people), Financial managers (520,961 people), Chief executives & legislators (403,200 people), and Firstline supervisors of retail sales workers (264,916 people).

The most specialized majors at Carolina University in 2023 are Theology (72 degrees awarded), Cultural & Gender Studies (7 degrees), Business (70 degrees), Interdisciplinary Studies (9 degrees), and Protective Services (6 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 Carolina University are Surgeons, Cardiovascular technologists and technicians, Physicians, Securities, commodities, & financial services sales agents, and Photographic process workers & processing machine operators

The most specialized majors at Carolina University are Theology (72 degrees awarded), Cultural & Gender Studies (7 degrees), Business (70 degrees), Interdisciplinary Studies (9 degrees), and Protective Services (6 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 Carolina University are Elementary & secondary schools (635,637 people), Computer Systems Design (543,598 people), Justice, public order, & safety activities (496,520 people), Banking & related activities (493,716 people), and Construction (419,549 people).

Majors Awarded

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

Most Common (2023)

Divinity & Ministry
60 degrees awarded
Other Business Administration, Management, & Operations
15 degrees awarded
Organizational Leadership
8 degrees awarded

In 2023, the most common masters degree concentration at Carolina University was Divinity & Ministry with 60 degrees awarded.

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

Sex Breakdown for Common Majors

110

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 110 degrees were awarded to men at Carolina University, which is 1.47 times more than the number of degrees awarded to females (75).

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

Most Common Male Majors

In 2023, 52 degrees were awarded to men at Carolina University in Divinity & Ministry, which is 6.5 times more than the 8 female recipients with that same degree.

Most Common Female Majors

In 2023, 15 degrees were awarded to men at Carolina University in Organizational Leadership, which is 1 times approximately the same the 15 male recipients with that same degree.

Time to Complete

27%

100% Completion Time

42%

150% Completion Time

In 2023, 27% of students graduating from Carolina 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 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.

White Female

Highest Graduation Rate (50%)

The student demographic with the highest graduation rate in 2023 at Carolina University is Female and White (50% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
79 degrees awarded
Black or African American
33 degrees awarded
Hispanic or Latino
27 degrees awarded

The most common race/ethnicity at Carolina University is white (79 degrees awarded). There were 2.39 times more white recipients than the next closest race/ethnicity group, black or african american (33 degrees).

1.08% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
49 degrees awarded
White Female
30 degrees awarded
Black or African American Male
18 degrees awarded

The most common race/ethnicity and sex grouping at Carolina University is white male (49 degrees awarded). There were 1.63 times more white male recipients than the next closest race/ethnicity group, white female (30 degrees).

Operations

Carolina University has an endowment valued at nearly $2.85M, as of the end of the 2023 fiscal year. The return on its endowment was of 224k (7.85%) compared to the 1.93% average return (240k on 12.4M) across all Special Focus Institutions.

In 2023, Carolina University had a total salary expenditure of 10.7M. Carolina University employs 20 Assistant professors, 5 Professors and 4 Lecturers. Most academics at Carolina University are Female Assistant professor (12), Male Assistant professor (8), and Female Lecturer (3).

The most common positions for non-instructional staff at Carolina University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 20 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 8 employees, and Business and Financial Operations with 6 employees.

Endowment

$2.85M

2023 Endowment

0.154%

growth from 2022

Carolina University has an endowment valued at about $2.85M, as of the end of the 2023 fiscal year. The endowment of Carolina University grew 0.154% from the previous year. The value of their endowment was $9.59M lower than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

This line chart shows how the endowment at Carolina 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: Faith-Related Institutions Carnegie Classification grouping.

Salary Expenditure

$5.99M

2023 Salaries

5.5%

growth from 2022

In 2023, Carolina University paid a median of $5.99M in salaries, which represents 56.2% of their overall expenditure ($10.7M) and a 5.5% growth from the previous year. This is compared to a 14.6% growth between 2021 and 2022, and a 0.544% growth between 2020 and 2021.

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

Instructional Salaries

$1.79M

Instructional Salaries

Number of Employees

In 2023, Carolina University paid a total of $1.79M to 29 employees working as instructors, which represents 29.8% 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

20 Employees

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

Most Common Non-Instructional Employee

20 Employees

In 2023, the most common positions for instructional staff at Carolina University were Assistant professor with 20 employees, Professor with 5 employees, and Lecturer with 4 employees.

In 2023, the most common positions for non-instructional staff at Carolina University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 20 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 8 employees, and Business and Financial Operations with 6 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Assistant professor
Female Lecturer

In 2023, the most common demographic for instructional staff at Carolina University was Female Assistant professor with 12 employees, Male Assistant professor with 8 employees, and Female Lecturer with 3 employees.

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

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