Elon University

www.elon.edu

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2023 Undergraduate Tuition

$44,029

5.5% growth from 2022

2023 Average Net Price

$41,849

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

67.3%

18,791 Applicants

2023 Enrolled Students

7,207

97.3% Full-Time

2023 Graduation Rate

83%

1,305 Graduates

About

Elon University is a higher education institution located in Alamance County, NC. In 2023, the most popular Bachelors Degree concentrations at Elon University were Communication Management And Strategic Communications (167 degrees awarded), General Marketing & Marketing Management (144 degrees), and General Finance (134 degrees).

In 2023, 2,002 degrees were awarded across all undergraduate and graduate programs at Elon University. 65.2% of these degrees were awarded to women, and 34.8% awarded men. The most common race/ethnicity group of degree recipients was white (1,556 degrees), 11.5 times more than then the next closest race/ethnicity group, black or african american (135 degrees).

The median undergraduate tuition at Elon University is $44,029, which is $19,454 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Elon University was 0%, corresponding to 0 out of the 849 total borrowers.

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Elon University is $44,029, which is $19,454 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 $41,849.

In 2023, 66% of undergraduate students attending Elon University received financial aid through grants. Comparatively, 24% of undergraduate students received financial aid through loans.

Tuition Costs

$44,029

2023 Undergraduate Tuition

In 2023, the cost of tuition at Elon University was $44,029. The cost of tuition at Elon University is $19,454 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

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

Average Net Price

$41,849

2023 Value

0.775%

1 Year Growth

In 2023 Elon University had an average net price — the price paid after factoring in grants and loans — of $41,849. Between 2022 and 2023, the average net price of Elon University grew by 0.775%.

This chart compares the average net price of Elon 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

$13,886

Room and Board

$900

Books and Supplies

The average yearly cost of room and board at Elon University was of $13,886 in 2023. The cost of room and board increased by 3.46% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $900. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

66%

Undergraduates Receiving Financial Aid through Grants

24%

Undergraduates Receiving Financial Aid through Loans

66% of undergraduate students at Elon University received financial aid through grants or loans in 2023. This represents a decline of 1.49% with respect to 2022, when 67% of undergraduate students received financial aid.

This chart compares the average award discount at Elon 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 Elon University was 0%, which represents 0 out of the 849 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

Elon University received 18,791 undergraduate applications in 2023, which represents a 7.07% annual growth. Out of those 18,791 applicants, 12,649 students were accepted for enrollment, representing a 67.3% acceptance rate.

There were 7,207 students enrolled at Elon University in 2023. 2% of first-time enrollees submitted SAT scores with their applications.

Elon University has an overall enrollment yield of 13.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

67.3%

Acceptance Rate in 2023

12,649

Accepted Out of 18,791

In 2023, the undergraduate acceptance rate of Elon University was 67.3% (12,649 admissions from 18,791 applications). This is lower than the acceptance rate of 2022, which was 74.5%. Between 2022 and 2023, the number of applicants grew by 7.07%, while admissions declined by 3.21%.

This chart compares the acceptance rate of Elon 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)

2% of enrolled first-time students at Elon 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

Elon University had a total enrollment of 7,207 students in 2023. The full-time enrollment at Elon University is 7,013 students and the part-time enrollment is 194. This means that 97.3% of students enrolled at Elon University are enrolled full-time.

The enrolled student population at Elon University, both undergraduate and graduate, is 77.4% White, 6.92% Hispanic or Latino, 5.66% Black or African American, 2.37% Two or More Races, 2.33% Asian, 0.153% American Indian or Alaska Native, and 0.0139% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Elon University in full-time Undergraduate programs are most commonly White Female (47.1%), followed by White Male (32%) and Hispanic or Latino Female (3.78%). Students enrolled in full-time Graduate programs are most commonly White Female (43.4%), followed by White Male (26.6%) and Black or African American Female (7.28%).

Full-Time vs Part-Time Enrollment

97.3%

Full-Time Enrollment

The total enrollment at Elon University in 2023, both undergraduate and graduate, is 7,207 students. The full-time enrollment at Elon University is 7,013 and the part-time enrollment is 194. This means that 97.3% of students enrolled at Elon University 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 Elon University (in red) compares to similar universities.

Retention Rate over Time

90%

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 Elon University was 90%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Elon University had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
5,580 enrolled students
Hispanic or Latino
499 enrolled students
Black or African American
408 enrolled students

The enrolled student population at Elon University is 77.4% White, 6.92% Hispanic or Latino, 5.66% Black or African American, 2.37% Two or More Races, 2.33% Asian, 0.153% American Indian or Alaska Native, and 0.0139% 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, 193 students (2.68%) did not report their race.

Graduates

In 2023, 608 more women than men received degrees from Elon University. The most common race/ethnicity group of degree recipients at Elon University is white (1,556 degrees awarded). There were 11.5 times more white recipients than the next closest race/ethnicity group, black or african american (135 degrees).

The most common Bachelor's Degree concentration at Elon University is Communication Management And Strategic Communications (167 degrees awarded), followed by General Marketing & Marketing Management (144 degrees) and General Finance (134 degrees).

In 2023, the most specialized majors across all degree types at Elon University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Communications (401 degrees awarded), Legal (128 degrees), and Parks, Recreation, & Leisure (92 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Elon University are Other managers (386,360 people), Lawyers, & judges, magistrates, & other judicial workers (375,337 people), Elementary & middle school teachers (194,300 people), Chief executives & legislators (165,001 people), and Postsecondary teachers (134,373 people).

The most specialized majors at Elon University in 2023 are Communications (401 degrees awarded), Legal (128 degrees), Parks, Recreation, & Leisure (92 degrees), Natural Resources & Conservation (27 degrees), and Social Sciences (146 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 Elon University are Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Dentists

The most specialized majors at Elon University are Communications (401 degrees awarded), Legal (128 degrees), Parks, Recreation, & Leisure (92 degrees), Natural Resources & Conservation (27 degrees), and Social Sciences (146 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 Elon University are Elementary & secondary schools (514,561 people), Colleges, universities & professional schools, including junior colleges (390,293 people), Legal services (305,612 people), Computer Systems Design (252,839 people), and General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (218,839 people).

Majors Awarded

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

Most Common (2023)

Communication Management And Strategic Communications
167 degrees awarded
General Marketing & Marketing Management
144 degrees awarded
General Finance
134 degrees awarded

In 2023, the most common bachelors degree concentration at Elon University was Communication Management And Strategic Communications with 167 degrees awarded.

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

Sex Breakdown for Common Majors

697

Degrees Awarded to Men

in 2023

1,305

Degrees Awarded to Women

in 2023

In 2023, 697 degrees were awarded to men at Elon University, which is 0.534 times less than the number of degrees awarded to females (1,305).

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

Most Common Male Majors

In 2023, 100 degrees were awarded to men at Elon University in General Finance, which is 2.94 times more than the 34 female recipients with that same degree.

Most Common Female Majors

In 2023, 129 degrees were awarded to men at Elon University in Communication Management And Strategic Communications, which is 3.39 times more than the 38 male recipients with that same degree.

Time to Complete

79%

100% Completion Time

83%

150% Completion Time

In 2023, 79% of students graduating from Elon University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 83% completed their degrees within 150% of the normal time, and 84% 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.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Elon University is Female and American Indian or Alaska Native (100% 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.

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, 0.0766% of graduates (1 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,556 degrees awarded
Black or African American
135 degrees awarded
Hispanic or Latino
118 degrees awarded

The most common race/ethnicity at Elon University is white (1,556 degrees awarded). There were 11.5 times more white recipients than the next closest race/ethnicity group, black or african american (135 degrees).

1.75% of degree recipients (35 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
1,004 degrees awarded
White Male
552 degrees awarded
Black or African American Female
92 degrees awarded

The most common race/ethnicity and sex grouping at Elon University is white female (1,004 degrees awarded). There were 1.82 times more white female recipients than the next closest race/ethnicity group, white male (552 degrees).

Operations

Elon University has an endowment valued at nearly $322M, as of the end of the 2023 fiscal year. The return on its endowment was of 8.27M (2.57%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Elon University had a total salary expenditure of 285M. Elon University employs 169 Associate professors, 147 Assistant professors and 96 Professors. Most academics at Elon University are Male Associate professor (85), Female Associate professor (84), and Female Assistant professor (77).

The most common positions for non-instructional staff at Elon University are: Service, with 169 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 156 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 129 employees.

Endowment

$322M

2023 Endowment

1.35%

growth from 2022

Elon University has an endowment valued at about $322M, as of the end of the 2023 fiscal year. The endowment of Elon University grew 1.35% from the previous year. The value of their endowment was $272M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Elon University (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

$117M

2023 Salaries

8.83%

growth from 2022

In 2023, Elon University paid a median of $117M in salaries, which represents 40.9% of their overall expenditure ($285M) and a 8.83% growth from the previous year. This is compared to a 1.45% growth between 2021 and 2022, and a 0.109% growth between 2020 and 2021.

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

Instructional Salaries

$45.9M

Instructional Salaries

497

Number of Employees

In 2023, Elon University paid a total of $45.9M to 497 employees working as instructors, which represents 39.3% of all salaries paid.

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

Occupations by Share

Associate professor

Most Common Instructor

169 Employees

Service

Most Common Non-Instructional Employee

169 Employees

In 2023, the most common positions for instructional staff at Elon University were Associate professor with 169 employees, Assistant professor with 147 employees, and Professor with 96 employees.

In 2023, the most common positions for non-instructional staff at Elon University were Service with 169 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 156 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 129 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Associate professor
Female Associate professor
Female Assistant professor

In 2023, the most common demographic for instructional staff at Elon University was Male Associate professor with 85 employees, Female Associate professor with 84 employees, and Female Assistant professor with 77 employees.

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

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