Thomas College

www.thomas.edu

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2023 Undergraduate Tuition

$29,824

3% growth from 2022

2023 Average Net Price

$18,882

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

97.1%

853 Applicants

2023 Enrolled Students

1,669

44.5% Full-Time

2023 Graduation Rate

50.9%

112 Graduates

About

Thomas College is a higher education institution located in Kennebec County, ME. In 2023, the most popular Masters Degree concentrations at Thomas College were General Business Administration & Management (55 degrees awarded), General Education (16 degrees), and Criminology (14 degrees).

In 2023, 273 degrees were awarded across all undergraduate and graduate programs at Thomas College. 54.9% of these degrees were awarded to women, and 45.1% awarded men. The most common race/ethnicity group of degree recipients was white (244 degrees), 22.2 times more than then the next closest race/ethnicity group, two or more races (11 degrees).

The median undergraduate tuition at Thomas College is $29,824, which is $5,249 more than the national average for Masters Colleges and Universities ($24,575).

In 2020 the default rate for borrower's at Thomas College was 0%, corresponding to 0 out of the 303 total borrowers.

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Thomas College is $29,824, which is $5,249 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 $18,882.

In 2023, 40% of undergraduate students attending Thomas College received financial aid through grants. Comparatively, 34% of undergraduate students received financial aid through loans.

Tuition Costs

$29,824

2023 Undergraduate Tuition

In 2023, the cost of tuition at Thomas College was $29,824. The cost of tuition at Thomas College is $5,249 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

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

Average Net Price

$18,882

2023 Value

14.4%

1 Year Growth

In 2023 Thomas College had an average net price — the price paid after factoring in grants and loans — of $18,882. Between 2022 and 2023, the average net price of Thomas College grew by 14.4%.

This chart compares the average net price of Thomas 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

$9,249

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Thomas College was of $9,249 in 2023. The cost of room and board increased by 1.44% between 2022 and 2023.

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

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

Financial Aid by Income Level

40%

Undergraduates Receiving Financial Aid through Grants

34%

Undergraduates Receiving Financial Aid through Loans

40% of undergraduate students at Thomas College received financial aid through grants or loans in 2023. This represents a decline of 21.6% with respect to 2022, when 51% of undergraduate students received financial aid.

This chart compares the average award discount at Thomas 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 Thomas College was 0%, which represents 0 out of the 303 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

Thomas College received 853 undergraduate applications in 2023, which represents a 1.84% annual growth. Out of those 853 applicants, 828 students were accepted for enrollment, representing a 97.1% acceptance rate.

There were 1,669 students enrolled at Thomas College in 2023.

Thomas College has an overall enrollment yield of 23.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

97.1%

Acceptance Rate in 2023

828

Accepted Out of 853

In 2023, the undergraduate acceptance rate of Thomas College was 97.1% (828 admissions from 853 applications). This is lower than the acceptance rate of 2022, which was 97.2%. Between 2022 and 2023, the number of applicants declined by 1.84%, while admissions declined by 2.01%.

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

SAT Scores

N/A% of enrolled first-time students at Thomas College in false 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

Thomas College had a total enrollment of 1,669 students in 2023. The full-time enrollment at Thomas College is 742 students and the part-time enrollment is 927. This means that 44.5% of students enrolled at Thomas College are enrolled full-time.

The enrolled student population at Thomas College, both undergraduate and graduate, is 80.9% White, 5.03% Two or More Races, 3.95% Black or African American, 1.98% Asian, 1.74% Hispanic or Latino, 0.659% American Indian or Alaska Native, and 0.0599% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Thomas College in full-time Undergraduate programs are most commonly White Female (43.1%), followed by White Male (36.9%) and Black or African American Male (2.37%). Students enrolled in full-time Graduate programs are most commonly White Male (45.5%), followed by White Female (40.2%) and Two or More Races Female (5.36%).

Full-Time vs Part-Time Enrollment

44.5%

Full-Time Enrollment

The total enrollment at Thomas College in 2023, both undergraduate and graduate, is 1,669 students. The full-time enrollment at Thomas College is 742 and the part-time enrollment is 927. This means that 44.5% of students enrolled at Thomas 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 Thomas College (in red) compares to similar universities.

Retention Rate over Time

79%

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 Thomas College was 79%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Thomas College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
1,351 enrolled students
Two or More Races
84 enrolled students
Black or African American
66 enrolled students

The enrolled student population at Thomas College is 80.9% White, 5.03% Two or More Races, 3.95% Black or African American, 1.98% Asian, 1.74% Hispanic or Latino, 0.659% American Indian or Alaska Native, and 0.0599% 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, 57 students (3.42%) did not report their race.

Graduates

In 2023, 27 more women than men received degrees from Thomas College. The most common race/ethnicity group of degree recipients at Thomas College is white (244 degrees awarded). There were 22.2 times more white recipients than the next closest race/ethnicity group, two or more races (11 degrees).

The most common Masters Degree concentration at Thomas College is General Business Administration & Management (55 degrees awarded), followed by General Education (16 degrees) and Criminology (14 degrees).

In 2023, the most specialized majors across all degree types at Thomas College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (14 degrees awarded), Business (118 degrees), and Protective Services (18 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 Thomas College are Elementary & middle school teachers (1,728,833 people), Accountants & auditors (1,101,984 people), Other managers (1,033,011 people), Financial managers (622,042 people), and Secondary school teachers (610,870 people).

The most specialized majors at Thomas College in 2023 are Parks, Recreation, & Leisure (14 degrees awarded), Business (118 degrees), Protective Services (18 degrees), Education (35 degrees), and Social Sciences (18 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 Thomas College are Surgeons, Physicians, Photographic process workers & processing machine operators, Nurse anesthetists, and Cardiovascular technologists and technicians

The most specialized majors at Thomas College are Parks, Recreation, & Leisure (14 degrees awarded), Business (118 degrees), Protective Services (18 degrees), Education (35 degrees), and Social Sciences (18 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 Thomas College are Elementary & secondary schools (3,476,723 people), Colleges, universities & professional schools, including junior colleges (707,102 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (622,703 people), Computer Systems Design (598,999 people), and Justice, public order, & safety activities (582,666 people).

Majors Awarded

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

Most Common (2023)

General Business Administration & Management
22 degrees awarded
Sport & Fitness Management
14 degrees awarded
Accounting
14 degrees awarded

In 2023, the most common bachelors degree concentration at Thomas College was General Business Administration & Management with 22 degrees awarded.

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

Sex Breakdown for Common Majors

123

Degrees Awarded to Men

in 2023

150

Degrees Awarded to Women

in 2023

In 2023, 123 degrees were awarded to men at Thomas College, which is 0.82 times less than the number of degrees awarded to females (150).

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

Most Common Male Majors

In 2023, 45 degrees were awarded to men at Thomas College in General Business Administration & Management, which is 1.32 times more than the 34 female recipients with that same degree.

Most Common Female Majors

In 2023, 34 degrees were awarded to men at Thomas College in General Business Administration & Management, which is 0.756 times less than the 45 male recipients with that same degree.

Time to Complete

44%

100% Completion Time

51%

150% Completion Time

In 2023, 44% of students graduating from Thomas College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 51% completed their degrees within 150% of the normal time, and 53% 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 Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Thomas College is Female and Hispanic or Latino (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, 1.79% of graduates (2 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
244 degrees awarded
Two or More Races
11 degrees awarded
Black or African American
7 degrees awarded

The most common race/ethnicity at Thomas College is white (244 degrees awarded). There were 22.2 times more white recipients than the next closest race/ethnicity group, two or more races (11 degrees).

0.733% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
133 degrees awarded
White Male
111 degrees awarded
Two or More Races Female
6 degrees awarded

The most common race/ethnicity and sex grouping at Thomas College is white female (133 degrees awarded). There were 1.2 times more white female recipients than the next closest race/ethnicity group, white male (111 degrees).

Operations

Thomas College has an endowment valued at nearly $21M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.61M (12.4%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Thomas College had a total salary expenditure of 22.9M. Thomas College employs 13 Associate professors, 12 Professors and 7 Assistant professors. Most academics at Thomas College are Male Professor (10), Female Associate professor (8), and Male Associate professor (5).

The most common positions for non-instructional staff at Thomas College are: Management, with 26 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 17 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 16 employees.

Endowment

$21M

2023 Endowment

13.1%

growth from 2022

Thomas College has an endowment valued at about $21M, as of the end of the 2023 fiscal year. The endowment of Thomas College grew 13.1% from the previous year. The value of their endowment was $28.7M 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 Thomas 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: Small Programs Carnegie Classification grouping.

Salary Expenditure

$9.59M

2023 Salaries

2.27%

decline from 2022

In 2023, Thomas College paid a median of $9.59M in salaries, which represents 41.8% of their overall expenditure ($22.9M) and a 2.27% decline from the previous year. This is compared to a 7.13% growth between 2021 and 2022, and a 3.62% growth between 2020 and 2021.

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

Instructional Salaries

$2.24M

Instructional Salaries

Number of Employees

In 2023, Thomas College paid a total of $2.24M to 33 employees working as instructors, which represents 23.3% 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

13 Employees

Management

Most Common Non-Instructional Employee

26 Employees

In 2023, the most common positions for instructional staff at Thomas College were Associate professor with 13 employees, Professor with 12 employees, and Assistant professor with 7 employees.

In 2023, the most common positions for non-instructional staff at Thomas College were Management with 26 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 17 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 16 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Female Associate professor
Male Associate professor

In 2023, the most common demographic for instructional staff at Thomas College was Male Professor with 10 employees, Female Associate professor with 8 employees, and Male Associate professor with 5 employees.

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

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