Welch College

www.welch.edu

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2023 Undergraduate Tuition

$20,796

3.1% growth from 2022

2023 Average Net Price

$19,214

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

389

49.4% Full-Time

2023 Graduation Rate

58.3%

21 Graduates

About

Welch College is a higher education institution located in Sumner County, TN. In 2023, the most popular Bachelors Degree concentrations at Welch College were Biblical Studies (38 degrees awarded), General Business Administration & Management (8 degrees), and Early Childhood Education & Teaching (6 degrees).

In 2023, 110 degrees were awarded across all undergraduate and graduate programs at Welch College. 46.4% of these degrees were awarded to women, and 53.6% awarded men. The most common race/ethnicity group of degree recipients was white (92 degrees), 9.2 times more than then the next closest race/ethnicity group, black or african american (10 degrees).

The median undergraduate tuition at Welch College is $20,796, which is $−8,484 less than the national average for Baccalaureate Colleges ($29,280).

In 2020 the default rate for borrower's at Welch College was 0%, corresponding to 0 out of the 77 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2023, the median undergraduate tuition at Welch College is $20,796, which is $8,484 less than the national average for Baccalaureate Colleges ($29,280).

After taking grants and loans into account, the average net price for students is $19,214.

In 2023, 82% of undergraduate students attending Welch College received financial aid through grants. Comparatively, 31% of undergraduate students received financial aid through loans.

Tuition Costs

$20,796

2023 Undergraduate Tuition

In 2023, the cost of tuition at Welch College was $20,796. The cost of tuition at Welch College is $−8,484 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,280).

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

Average Net Price

$19,214

2023 Value

1.31%

1 Year Growth

In 2023 Welch College had an average net price — the price paid after factoring in grants and loans — of $19,214. Between 2022 and 2023, the average net price of Welch College grew by 1.31%.

This chart compares the average net price of Welch 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

$7,535

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Welch College was of $7,535 in 2023. The cost of room and board increased by 3.02% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

82%

Undergraduates Receiving Financial Aid through Grants

31%

Undergraduates Receiving Financial Aid through Loans

82% of undergraduate students at Welch College received financial aid through grants or loans in 2023. This represents a decline of 3.53% with respect to 2022, when 85% of undergraduate students received financial aid.

This chart compares the average award discount at Welch 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 Welch College was 0%, which represents 0 out of the 77 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.

Enrollment

Welch College had a total enrollment of 389 students in 2023. The full-time enrollment at Welch College is 192 students and the part-time enrollment is 197. This means that 49.4% of students enrolled at Welch College are enrolled full-time.

The enrolled student population at Welch College, both undergraduate and graduate, is 76.6% White, 6.68% Hispanic or Latino, 4.88% Black or African American, 2.57% Two or More Races, 0.771% Asian, and 0.257% American Indian or Alaska Native.

Students enrolled at Welch College in full-time Undergraduate programs are most commonly White Male (43.9%), followed by White Female (40.3%) and Hispanic or Latino Female (3.9%). Students enrolled in full-time Graduate programs are most commonly White Male (64.3%), followed by White Female (35.7%).

Full-Time vs Part-Time Enrollment

49.4%

Full-Time Enrollment

The total enrollment at Welch College in 2023, both undergraduate and graduate, is 389 students. The full-time enrollment at Welch College is 192 and the part-time enrollment is 197. This means that 49.4% of students enrolled at Welch College are enrolled full-time compared with 78.8% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Welch College (in red) compares to similar universities.

Retention Rate over Time

65%

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 Welch College was 65%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), Welch College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
298 enrolled students
Hispanic or Latino
26 enrolled students
Black or African American
19 enrolled students

The enrolled student population at Welch College is 76.6% White, 6.68% Hispanic or Latino, 4.88% Black or African American, 2.57% Two or More Races, 0.771% Asian, and 0.257% 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 Baccalaureate Colleges is 53.2% White, 14.1% Hispanic or Latino, and 12.9% 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, 30 students (7.71%) did not report their race.

Graduates

In 2023, 8 fewer women than men received degrees from Welch College. The most common race/ethnicity group of degree recipients at Welch College is white (92 degrees awarded). There were 9.2 times more white recipients than the next closest race/ethnicity group, black or african american (10 degrees).

The most common Bachelor's Degree concentration at Welch College is Biblical Studies (38 degrees awarded), followed by General Business Administration & Management (8 degrees) and Early Childhood Education & Teaching (6 degrees).

In 2023, the most specialized majors across all degree types at Welch College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (61 degrees awarded), Parks, Recreation, & Leisure (5 degrees), and Education (16 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 Welch College are Elementary & middle school teachers (1,607,915 people), Secondary school teachers (596,453 people), Physicians (423,761 people), Education administrators (310,509 people), and Postsecondary teachers (268,380 people).

The most specialized majors at Welch College in 2023 are Theology (61 degrees awarded), Parks, Recreation, & Leisure (5 degrees), Education (16 degrees), English (2 degrees), and Biology (6 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 Welch College are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Welch College are Theology (61 degrees awarded), Parks, Recreation, & Leisure (5 degrees), Education (16 degrees), English (2 degrees), and Biology (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 Welch College are Elementary & secondary schools (3,023,361 people), Colleges, universities & professional schools, including junior colleges (426,401 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (212,391 people), Legal services (159,787 people), and Religious organizations (154,452 people).

Majors Awarded

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

Most Common (2023)

Biblical Studies
38 degrees awarded
General Business Administration & Management
8 degrees awarded
Early Childhood Education & Teaching
6 degrees awarded

In 2023, the most common bachelors degree concentration at Welch College was Biblical Studies with 38 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2023

Degrees Awarded to Women

in 2023

In 2023, 59 degrees were awarded to men at Welch College, which is 1.16 times more than the number of degrees awarded to females (51).

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

Most Common Male Majors

In 2023, 20 degrees were awarded to men at Welch College in Biblical Studies, which is 1.05 times more than the 19 female recipients with that same degree.

Most Common Female Majors

In 2023, 19 degrees were awarded to men at Welch College in Biblical Studies, which is 0.95 times less than the 20 male recipients with that same degree.

Time to Complete

39%

100% Completion Time

49%

150% Completion Time

In 2023, 39% of students graduating from Welch College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 49% completed their degrees within 150% of the normal time, and 49% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges 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 (100%)

The student demographic with the highest graduation rate in 2023 at Welch College is Male and Hispanic or Latino (100% graduation rate). Across all Baccalaureate Colleges, 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
92 degrees awarded
Black or African American
10 degrees awarded
Hispanic or Latino
5 degrees awarded

The most common race/ethnicity at Welch College is white (92 degrees awarded). There were 9.2 times more white recipients than the next closest race/ethnicity group, black or african american (10 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
49 degrees awarded
White Female
43 degrees awarded
Black or African American Female
7 degrees awarded

The most common race/ethnicity and sex grouping at Welch College is white male (49 degrees awarded). There were 1.14 times more white male recipients than the next closest race/ethnicity group, white female (43 degrees).

Operations

Welch College has an endowment valued at nearly $4.34M, as of the end of the 2023 fiscal year. The return on its endowment was of −537k (−12.4%) compared to the 4.79% average return (2.46M on 51.4M) across all Baccalaureate Colleges.

In 2023, Welch College had a total salary expenditure of 8.35M. Welch College employs 9 Instructors, 6 Professors and 3 Assistant professors. Most academics at Welch College are Male Instructor (8), Male Professor (3), and Female Professor (3).

The most common positions for non-instructional staff at Welch College are: Management, with 9 employees, Office and Administrative Support, with 8 employees, and Business and Financial Operations with 7 employees.

Endowment

$4.34M

2023 Endowment

12.2%

decline from 2022

Welch College has an endowment valued at about $4.34M, as of the end of the 2023 fiscal year. The endowment of Welch College declined 12.2% from the previous year. The value of their endowment was $47.1M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Welch College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$2.7M

2023 Salaries

3.4%

decline from 2022

In 2023, Welch College paid a median of $2.7M in salaries, which represents 32.4% of their overall expenditure ($8.35M) and a 3.4% decline from the previous year. This is compared to a 2.93% decline between 2021 and 2022, and a 2.04% decline between 2020 and 2021.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$922k

Instructional Salaries

Number of Employees

In 2023, Welch College paid a total of $922k to 20 employees working as instructors, which represents 34.1% of all salaries paid.

This is compared to a median of $552k (3.27%) for similar Baccalaureate Colleges.

Occupations by Share

Instructor

Most Common Instructor

9 Employees

Management

Most Common Non-Instructional Employee

9 Employees

In 2023, the most common positions for instructional staff at Welch College were Instructor with 9 employees, Professor with 6 employees, and Assistant professor with 3 employees.

In 2023, the most common positions for non-instructional staff at Welch College were Management with 9 employees, Office and Administrative Support with 8 employees, and Business and Financial Operations with 7 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Instructor
Male Professor
Female Professor

In 2023, the most common demographic for instructional staff at Welch College was Male Instructor with 8 employees, Male Professor with 3 employees, and Female Professor with 3 employees.

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

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