Faulkner University

www.faulkner.edu

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2023 Undergraduate Tuition

$21,930

2023 Average Net Price

$19,908

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

66.1%

1,786 Applicants

2023 Enrolled Students

2,933

73.6% Full-Time

2023 Graduation Rate

36.5%

107 Graduates

About

Faulkner University is a higher education institution located in Montgomery County, AL. In 2023, the most popular Masters Degree concentrations at Faulkner University were General Business Administration & Management (122 degrees awarded), Management Science (51 degrees), and Criminal Justice - Law Enforcement Administration (34 degrees).

In 2023, 802 degrees were awarded across all undergraduate and graduate programs at Faulkner University. 65.6% of these degrees were awarded to women, and 34.4% awarded men. The most common race/ethnicity group of degree recipients was white (400 degrees), 1.25 times more than then the next closest race/ethnicity group, black or african american (321 degrees).

The median undergraduate tuition at Faulkner University is $21,930, which is $−2,645 less than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Faulkner University was 0%, corresponding to 0 out of the 1,235 total borrowers.

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Faulkner University is $21,930, which is $2,645 less 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 $19,908.

In 2023, 75% of undergraduate students attending Faulkner University received financial aid through grants. Comparatively, 58% of undergraduate students received financial aid through loans.

Tuition Costs

$21,930

2023 Undergraduate Tuition

In 2023, the cost of tuition at Faulkner University was $21,930. The cost of tuition at Faulkner University is $−2,645 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

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

Average Net Price

$19,908

2023 Value

0.708%

1 Year Growth

In 2023 Faulkner University had an average net price — the price paid after factoring in grants and loans — of $19,908. Between 2022 and 2023, the average net price of Faulkner University grew by 0.708%.

This chart compares the average net price of Faulkner 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

$8,020

Room and Board

$1,800

Books and Supplies

The average yearly cost of room and board at Faulkner University was of $8,020 in 2023. The cost of room and board increased by 1.52% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,800. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

75%

Undergraduates Receiving Financial Aid through Grants

58%

Undergraduates Receiving Financial Aid through Loans

75% of undergraduate students at Faulkner University received financial aid through grants or loans in 2023. This represents a decline of 2.6% with respect to 2022, when 77% of undergraduate students received financial aid.

This chart compares the average award discount at Faulkner 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 Faulkner University was 0%, which represents 0 out of the 1235 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

Faulkner University received 1,786 undergraduate applications in 2023, which represents a 3.36% annual growth. Out of those 1,786 applicants, 1,181 students were accepted for enrollment, representing a 66.1% acceptance rate.

There were 2,933 students enrolled at Faulkner University in 2023. 12% of first-time enrollees submitted SAT scores with their applications.

Faulkner University has an overall enrollment yield of 20.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

66.1%

Acceptance Rate in 2023

1,181

Accepted Out of 1,786

In 2023, the undergraduate acceptance rate of Faulkner University was 66.1% (1,181 admissions from 1,786 applications). This is lower than the acceptance rate of 2022, which was 82.4%. Between 2022 and 2023, the number of applicants grew by 3.36%, while admissions declined by 17.1%.

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

SAT Scores

12%

Submission Percentage (2023)

Scores Submitted (2023)

12% of enrolled first-time students at Faulkner 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

Faulkner University had a total enrollment of 2,933 students in 2023. The full-time enrollment at Faulkner University is 2,160 students and the part-time enrollment is 773. This means that 73.6% of students enrolled at Faulkner University are enrolled full-time.

The enrolled student population at Faulkner University, both undergraduate and graduate, is 54.1% White, 31.7% Black or African American, 4.43% Hispanic or Latino, 1.57% Two or More Races, 1.43% Asian, 0.511% American Indian or Alaska Native, and 0.17% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Faulkner University in full-time Undergraduate programs are most commonly White Female (25.4%), followed by White Male (24%) and Black or African American Female (20%). Students enrolled in full-time Graduate programs are most commonly White Female (40.8%), followed by White Male (24.5%) and Black or African American Female (18.4%).

Full-Time vs Part-Time Enrollment

73.6%

Full-Time Enrollment

The total enrollment at Faulkner University in 2023, both undergraduate and graduate, is 2,933 students. The full-time enrollment at Faulkner University is 2,160 and the part-time enrollment is 773. This means that 73.6% of students enrolled at Faulkner 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 Faulkner University (in red) compares to similar universities.

Retention Rate over Time

70%

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 Faulkner University was 70%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Faulkner University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,587 enrolled students
Black or African American
931 enrolled students
Hispanic or Latino
130 enrolled students

The enrolled student population at Faulkner University is 54.1% White, 31.7% Black or African American, 4.43% Hispanic or Latino, 1.57% Two or More Races, 1.43% Asian, 0.511% American Indian or Alaska Native, and 0.17% 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, 76 students (2.59%) did not report their race.

Graduates

In 2023, 250 more women than men received degrees from Faulkner University. The most common race/ethnicity group of degree recipients at Faulkner University is white (400 degrees awarded). There were 1.25 times more white recipients than the next closest race/ethnicity group, black or african american (321 degrees).

The most common Masters Degree concentration at Faulkner University is General Business Administration & Management (122 degrees awarded), followed by Management Science (51 degrees) and Criminal Justice - Law Enforcement Administration (34 degrees).

In 2023, the most specialized majors across all degree types at Faulkner University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Protective Services (122 degrees awarded), Legal (40 degrees), and Business (414 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 Faulkner University are Accountants & auditors (1,014,289 people), Other managers (762,348 people), Financial managers (517,785 people), Chief executives & legislators (396,052 people), and Firstline supervisors of retail sales workers (262,654 people).

The most specialized majors at Faulkner University in 2023 are Protective Services (122 degrees awarded), Legal (40 degrees), Business (414 degrees), Theology (10 degrees), and Parks, Recreation, & Leisure (17 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 Faulkner University are Surgeons, Physicians, Photographic process workers & processing machine operators, Cardiovascular technologists and technicians, and Nurse anesthetists

The most specialized majors at Faulkner University are Protective Services (122 degrees awarded), Legal (40 degrees), Business (414 degrees), Theology (10 degrees), and Parks, Recreation, & Leisure (17 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 Faulkner University are Elementary & secondary schools (595,921 people), Computer Systems Design (512,593 people), Justice, public order, & safety activities (491,797 people), Banking & related activities (486,100 people), and Construction (412,872 people).

Majors Awarded

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

Most Common (2023)

General Business
110 degrees awarded
Criminal Justice - Safety Studies
88 degrees awarded
General Business Administration & Management
70 degrees awarded

In 2023, the most common bachelors degree concentration at Faulkner University was General Business with 110 degrees awarded.

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

Sex Breakdown for Common Majors

276

Degrees Awarded to Men

in 2023

526

Degrees Awarded to Women

in 2023

In 2023, 276 degrees were awarded to men at Faulkner University, which is 0.525 times less than the number of degrees awarded to females (526).

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

Most Common Male Majors

In 2023, 67 degrees were awarded to men at Faulkner University in General Business Administration & Management, which is 0.536 times less than the 125 female recipients with that same degree.

Most Common Female Majors

In 2023, 125 degrees were awarded to men at Faulkner University in General Business Administration & Management, which is 1.87 times more than the 67 male recipients with that same degree.

Time to Complete

12%

100% Completion Time

17%

150% Completion Time

In 2023, 12% of students graduating from Faulkner University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 17% completed their degrees within 150% of the normal time, and 17% 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.

Hispanic or Latino Male

Highest Graduation Rate (50%)

The student demographic with the highest graduation rate in 2023 at Faulkner University is Male and Hispanic or Latino (50% 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% of graduates (0 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
400 degrees awarded
Black or African American
321 degrees awarded
Hispanic or Latino
25 degrees awarded

The most common race/ethnicity at Faulkner University is white (400 degrees awarded). There were 1.25 times more white recipients than the next closest race/ethnicity group, black or african american (321 degrees).

1.5% of degree recipients (12 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
250 degrees awarded
Black or African American Female
234 degrees awarded
White Male
150 degrees awarded

The most common race/ethnicity and sex grouping at Faulkner University is white female (250 degrees awarded). There were 1.07 times more white female recipients than the next closest race/ethnicity group, black or african american female (234 degrees).

Operations

Faulkner University has an endowment valued at nearly $20.1M, as of the end of the 2023 fiscal year. The return on its endowment was of 272k (1.35%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Faulkner University had a total salary expenditure of 52.2M. Faulkner University employs 46 Assistant professors, 39 Professors and 29 Associate professors. Most academics at Faulkner University are Female Assistant professor (29), Male Professor (27), and Female Associate professor (18).

The most common positions for non-instructional staff at Faulkner University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 58 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 40 employees, and Office and Administrative Support with 37 employees.

Endowment

$20.1M

2023 Endowment

3.31%

decline from 2022

Faulkner University has an endowment valued at about $20.1M, as of the end of the 2023 fiscal year. The endowment of Faulkner University declined 3.31% from the previous year. The value of their endowment was $29.6M 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 Faulkner 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: Small Programs Carnegie Classification grouping.

Salary Expenditure

$21.7M

2023 Salaries

7.24%

growth from 2022

In 2023, Faulkner University paid a median of $21.7M in salaries, which represents 41.5% of their overall expenditure ($52.2M) and a 7.24% growth from the previous year. This is compared to a 7.06% growth between 2021 and 2022, and a 0.958% growth between 2020 and 2021.

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

Instructional Salaries

$10M

Instructional Salaries

144

Number of Employees

In 2023, Faulkner University paid a total of $10M to 144 employees working as instructors, which represents 46.4% 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

46 Employees

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

Most Common Non-Instructional Employee

58 Employees

In 2023, the most common positions for instructional staff at Faulkner University were Assistant professor with 46 employees, Professor with 39 employees, and Associate professor with 29 employees.

In 2023, the most common positions for non-instructional staff at Faulkner University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 58 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 40 employees, and Office and Administrative Support with 37 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Assistant professor
Male Professor
Female Associate professor

In 2023, the most common demographic for instructional staff at Faulkner University was Female Assistant professor with 29 employees, Male Professor with 27 employees, and Female Associate professor with 18 employees.

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

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