Providence College

www.providence.edu

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2023 Undergraduate Tuition

$59,830

5% growth from 2022

2023 Average Net Price

$46,645

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

48.7%

12,469 Applicants

2023 Enrolled Students

4,635

92.7% Full-Time

2023 Graduation Rate

87.9%

933 Graduates

About

Providence College is a higher education institution located in Providence County, RI. In 2023, the most popular Bachelors Degree concentrations at Providence College were General Finance (177 degrees awarded), General Marketing & Marketing Management (134 degrees), and General Biological Sciences (117 degrees).

In 2023, 1,545 degrees were awarded across all undergraduate and graduate programs at Providence College. 56.8% of these degrees were awarded to women, and 43.2% awarded men. The most common race/ethnicity group of degree recipients was white (1,195 degrees), 8.72 times more than then the next closest race/ethnicity group, hispanic or latino (137 degrees).

The median undergraduate tuition at Providence College is $59,830, which is $35,255 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Providence College was 0%, corresponding to 0 out of the 772 total borrowers.

Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Providence College is $59,830, which is $35,255 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 $46,645.

In 2023, 78% of undergraduate students attending Providence College received financial aid through grants. Comparatively, 55% of undergraduate students received financial aid through loans.

Tuition Costs

$59,830

2023 Undergraduate Tuition

In 2023, the cost of tuition at Providence College was $59,830. The cost of tuition at Providence College is $35,255 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

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

Average Net Price

$46,645

2023 Value

6.08%

1 Year Growth

In 2023 Providence College had an average net price — the price paid after factoring in grants and loans — of $46,645. Between 2022 and 2023, the average net price of Providence College grew by 6.08%.

This chart compares the average net price of Providence 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

$15,570

Room and Board

$1,150

Books and Supplies

The average yearly cost of room and board at Providence College was of $15,570 in 2023. The cost of room and board increased by 10.2% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,150. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

78%

Undergraduates Receiving Financial Aid through Grants

55%

Undergraduates Receiving Financial Aid through Loans

78% of undergraduate students at Providence College received financial aid through grants or loans in 2023. This represents a growth of 5.41% with respect to 2022, when 74% of undergraduate students received financial aid.

This chart compares the average award discount at Providence 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 Providence College was 0%, which represents 0 out of the 772 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

Providence College received 12,469 undergraduate applications in 2023, which represents a 12% annual growth. Out of those 12,469 applicants, 6,075 students were accepted for enrollment, representing a 48.7% acceptance rate.

There were 4,635 students enrolled at Providence College in 2023. 22% of first-time enrollees submitted SAT scores with their applications.

Providence College has an overall enrollment yield of 19.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

48.7%

Acceptance Rate in 2023

6,075

Accepted Out of 12,469

In 2023, the undergraduate acceptance rate of Providence College was 48.7% (6,075 admissions from 12,469 applications). This is lower than the acceptance rate of 2022, which was 52.8%. Between 2022 and 2023, the number of applicants grew by 12%, while admissions grew by 3.42%.

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

SAT Scores

22%

Submission Percentage (2023)

264

Scores Submitted (2023)

22% of enrolled first-time students at Providence College 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

Providence College had a total enrollment of 4,635 students in 2023. The full-time enrollment at Providence College is 4,295 students and the part-time enrollment is 340. This means that 92.7% of students enrolled at Providence College are enrolled full-time.

The enrolled student population at Providence College, both undergraduate and graduate, is 79.1% White, 8.07% Hispanic or Latino, 3.24% Black or African American, 3.06% Two or More Races, 1.45% Asian, 0.0647% Native Hawaiian or Other Pacific Islanders, and 0.0431% American Indian or Alaska Native.

Students enrolled at Providence College in full-time Undergraduate programs are most commonly White Female (41.5%), followed by White Male (37%) and Hispanic or Latino Female (5.54%). Students enrolled in full-time Graduate programs are most commonly White Male (37.9%), followed by White Female (37.4%) and Hispanic or Latino Female (3.04%).

Full-Time vs Part-Time Enrollment

92.7%

Full-Time Enrollment

The total enrollment at Providence College in 2023, both undergraduate and graduate, is 4,635 students. The full-time enrollment at Providence College is 4,295 and the part-time enrollment is 340. This means that 92.7% of students enrolled at Providence 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 Providence College (in red) compares to similar universities.

Retention Rate over Time

91%

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 Providence College was 91%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Providence College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,666 enrolled students
Hispanic or Latino
374 enrolled students
Black or African American
150 enrolled students

The enrolled student population at Providence College is 79.1% White, 8.07% Hispanic or Latino, 3.24% Black or African American, 3.06% Two or More Races, 1.45% Asian, 0.0647% Native Hawaiian or Other Pacific Islanders, and 0.0431% 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 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, 145 students (3.13%) did not report their race.

Graduates

In 2023, 209 more women than men received degrees from Providence College. The most common race/ethnicity group of degree recipients at Providence College is white (1,195 degrees awarded). There were 8.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (137 degrees).

The most common Bachelor's Degree concentration at Providence College is General Finance (177 degrees awarded), followed by General Marketing & Marketing Management (134 degrees) and General Biological Sciences (117 degrees).

In 2023, the most specialized majors across all degree types at Providence College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (38 degrees awarded), Biology (155 degrees), and Social Sciences (157 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 Providence College are Accountants & auditors (1,100,422 people), Other managers (1,094,799 people), Lawyers, & judges, magistrates, & other judicial workers (654,837 people), Financial managers (626,157 people), and Chief executives & legislators (557,216 people).

The most specialized majors at Providence College in 2023 are History (38 degrees awarded), Biology (155 degrees), Social Sciences (157 degrees), Business (657 degrees), and English (37 degrees) (as of 2023).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Providence College are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Providence College are History (38 degrees awarded), Biology (155 degrees), Social Sciences (157 degrees), Business (657 degrees), and English (37 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 Providence College are Elementary & secondary schools (1,163,602 people), Colleges, universities & professional schools, including junior colleges (955,702 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (879,181 people), Computer Systems Design (758,351 people), and Banking & related activities (613,689 people).

Majors Awarded

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

Most Common (2023)

General Finance
177 degrees awarded
General Marketing & Marketing Management
134 degrees awarded
General Biological Sciences
117 degrees awarded

In 2023, the most common bachelors degree concentration at Providence College was General Finance with 177 degrees awarded.

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

Sex Breakdown for Common Majors

668

Degrees Awarded to Men

in 2023

877

Degrees Awarded to Women

in 2023

In 2023, 668 degrees were awarded to men at Providence College, which is 0.762 times less than the number of degrees awarded to females (877).

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

Most Common Male Majors

In 2023, 142 degrees were awarded to men at Providence College in General Finance, which is 4.06 times more than the 35 female recipients with that same degree.

Most Common Female Majors

In 2023, 101 degrees were awarded to men at Providence College in General Business Administration & Management, which is 0.835 times less than the 121 male recipients with that same degree.

Time to Complete

85%

100% Completion Time

89%

150% Completion Time

In 2023, 85% of students graduating from Providence College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 89% completed their degrees within 150% of the normal time, and 89% 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.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Providence College is Male and Asian (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, 4.07% of graduates (38 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,195 degrees awarded
Hispanic or Latino
137 degrees awarded
Two or More Races
51 degrees awarded

The most common race/ethnicity at Providence College is white (1,195 degrees awarded). There were 8.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (137 degrees).

3.11% of degree recipients (48 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
651 degrees awarded
White Male
544 degrees awarded
Hispanic or Latino Female
84 degrees awarded

The most common race/ethnicity and sex grouping at Providence College is white female (651 degrees awarded). There were 1.2 times more white female recipients than the next closest race/ethnicity group, white male (544 degrees).

Operations

Providence College has an endowment valued at nearly $322M, as of the end of the 2023 fiscal year. The return on its endowment was of 11.1M (3.46%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Providence College had a total salary expenditure of 255M. Providence College employs 159 Assistant professors, 108 Associate professors and 74 Professors. Most academics at Providence College are Male Assistant professor (90), Female Assistant professor (69), and Male Associate professor (59).

The most common positions for non-instructional staff at Providence College are: Management, with 112 employees, Business and Financial Operations, with 109 employees, and Office and Administrative Support with 100 employees.

Endowment

$322M

2023 Endowment

1.5%

growth from 2022

Providence College has an endowment valued at about $322M, as of the end of the 2023 fiscal year. The endowment of Providence College grew 1.5% 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 Providence 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: Larger Programs Carnegie Classification grouping.

Salary Expenditure

$97.8M

2023 Salaries

4.99%

growth from 2022

In 2023, Providence College paid a median of $97.8M in salaries, which represents 38.3% of their overall expenditure ($255M) and a 4.99% growth from the previous year. This is compared to a 4.53% growth between 2021 and 2022, and a 0.121% growth between 2020 and 2021.

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

Instructional Salaries

$36.7M

Instructional Salaries

347

Number of Employees

In 2023, Providence College paid a total of $36.7M to 347 employees working as instructors, which represents 37.5% 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

159 Employees

Management

Most Common Non-Instructional Employee

112 Employees

In 2023, the most common positions for instructional staff at Providence College were Assistant professor with 159 employees, Associate professor with 108 employees, and Professor with 74 employees.

In 2023, the most common positions for non-instructional staff at Providence College were Management with 112 employees, Business and Financial Operations with 109 employees, and Office and Administrative Support with 100 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Assistant professor
Female Assistant professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Providence College was Male Assistant professor with 90 employees, Female Assistant professor with 69 employees, and Male Associate professor with 59 employees.

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

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