Merrimack College (166850)

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2022 Undergraduate Tuition
$45,815
4.5% growth from 2021
2022 Average Net Price
$37,296
After Financial Aid
2019 Default Rate
1.99%
on Student Loans
2022 Acceptance Rate
74.6%
13,175 Applicants
2022 Enrolled Students
5,505
88.5% Full-Time
2022 Graduation Rate
68.1%
684 Graduates

About

Merrimack College (166850) is a higher education institution located in Essex County, MA. In 2022, the most popular Bachelors Degree concentrations at Merrimack College (166850) were General Human Development & Family Studies (86 degrees awarded), General Business Administration & Management (78 degrees), and General Marketing & Marketing Management (77 degrees).

In 2022, 1,780 degrees were awarded across all undergraduate and graduate programs at Merrimack College (166850). 61.7% of these degrees were awarded to women, and 38.3% awarded men. The most common race/ethnicity group of degree recipients was white (1,430 degrees), 11.7 times more than then the next closest race/ethnicity group, hispanic or latino (122 degrees).

The median undergraduate tuition at Merrimack College (166850) is $45,815, which is $21,819 more than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Merrimack College (166850) is $45,815, which is $21,819 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $37,296.

In 2022, 95% of undergraduate students attending Merrimack College (166850) received financial aid through grants. Comparatively, 62% of undergraduate students received financial aid through loans.

Tuition Costs

$45,815
2022 Undergraduate Tuition

In 2022, the cost of tuition at Merrimack College (166850) was $45,815. The cost of tuition at Merrimack College (166850) is $21,819 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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Average Net Price

$37,296
2022 Value
5.06%
1 Year Growth

In 2022 Merrimack College (166850) had an average net price — the price paid after factoring in grants and loans — of $37,296. Between 2021 and 2022, the average net price of Merrimack College (166850) grew by 5.06%.

This chart compares the average net price of Merrimack College (166850) (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.

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Other Student Expenses

$16,657
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Merrimack College (166850) was of $16,657 in 2022. The cost of room and board increased by 1.52% between 2021 and 2022.

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.

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Financial Aid by Income Level

95%
Undergraduates Receiving Financial Aid through Grants
62%
Undergraduates Receiving Financial Aid through Loans

95% of undergraduate students at Merrimack College (166850) received financial aid through grants or loans in 2022. This represents a growth of 1.06% with respect to 2021, when 94% of undergraduate students received financial aid.

This chart compares the average award discount at Merrimack College (166850) (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.

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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.
1.99%
2019 Default Rate
20
Number of Defaults

In 2019 the default rate for borrower's at Merrimack College (166850) was 1.99%, which represents 20 out of the 1006 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.

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Admissions

Merrimack College (166850) received 13,175 undergraduate applications in 2022, which represents a 26.3% annual growth. Out of those 13,175 applicants, 9,833 students were accepted for enrollment, representing a 74.6% acceptance rate.

There were 5,505 students enrolled at Merrimack College (166850) in 2022.

Merrimack College (166850) has an overall enrollment yield of 12%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.6%
Acceptance Rate in 2022
9,833
Accepted Out of 13,175

In 2022, the undergraduate acceptance rate of Merrimack College (166850) was 74.6% (9,833 admissions from 13,175 applications). This is lower than the acceptance rate of 2021, which was 80.3%. Between 2021 and 2022, the number of applicants grew by 26.3%, while admissions grew by 17.4%..

This chart compares the acceptance rate of Merrimack College (166850) (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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Enrollment

Merrimack College (166850) had a total enrollment of 5,505 students in 2022. The full-time enrollment at Merrimack College (166850) is 4,873 students and the part-time enrollment is 632. This means that 88.5% of students enrolled at Merrimack College (166850) are enrolled full-time.

The enrolled student population at Merrimack College (166850), both undergraduate and graduate, is 75.2% White, 8.76% Hispanic or Latino, 4.18% Black or African American, 2.42% Two or More Races, 1.74% Asian, 0.109% American Indian or Alaska Native, and 0.0182% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Merrimack College (166850) in full-time Undergraduate programs are most commonly White Female (43.1%), followed by White Male (35.4%) and Hispanic or Latino Female (5.29%). Students enrolled in full-time Graduate programs are most commonly White Female (52.3%), followed by White Male (23.1%) and Hispanic or Latino Female (6.08%).

Full-Time vs Part-Time Enrollment

88.5%
Full-Time Enrollment

The total enrollment at Merrimack College (166850) in 2022, both undergraduate and graduate, is 5,505 students. The full-time enrollment at Merrimack College (166850) is 4,873 and the part-time enrollment is 632. This means that 88.5% of students enrolled at Merrimack College (166850) are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

This chart shows the full-time vs part-time enrollment status at Merrimack College (166850) (in red) compares to similar universities.

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Retention Rate over Time

82%
2022 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 Merrimack College (166850) was 82%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Merrimack College (166850) had a retention rate higher than its peers.

This chart shows the retention rate over time at Merrimack College (166850) (highlighted in red) compares to similar universities.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    4,142 enrolled students
  2. Hispanic or Latino
    482 enrolled students
  3. Black or African American
    230 enrolled students

The enrolled student population at Merrimack College (166850) is 75.2% White, 8.76% Hispanic or Latino, 4.18% Black or African American, 2.42% Two or More Races, 1.74% Asian, 0.109% American Indian or Alaska Native, and 0.0182% 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 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 300 students (5.45%) did not report their race.

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Graduates

In 2022, 416 more women than men received degrees from Merrimack College (166850). The most common race/ethnicity group of degree recipients at Merrimack College (166850) is white (1,430 degrees awarded). There were 11.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (122 degrees).

The most common Bachelor's Degree concentration at Merrimack College (166850) is General Human Development & Family Studies (86 degrees awarded), followed by General Business Administration & Management (78 degrees) and General Marketing & Marketing Management (77 degrees).

In 2022,  the most specialized majors across all degree types at Merrimack College (166850), meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Human Sciences (114 degrees awarded), Education (438 degrees), and Parks, Recreation, & Leisure (64 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Merrimack College (166850) are Elementary & middle school teachers (1,745,795 people), Accountants & auditors (1,055,878 people), Other managers (791,210 people), Secondary school teachers (525,643 people), and Financial managers (512,581 people).

The most specialized majors at Merrimack College (166850) in 2022 are Human Sciences (114 degrees awarded), Education (438 degrees), Parks, Recreation, & Leisure (64 degrees), Protective Services (103 degrees), and Business (391 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Merrimack College (166850) are Surgeons, Physicians, Photographic process workers & processing machine operators, Nurse anesthetists, and Cardiovascular technologists and technicians

The most specialized majors at Merrimack College (166850) are Human Sciences (114 degrees awarded), Education (438 degrees), Parks, Recreation, & Leisure (64 degrees), Protective Services (103 degrees), and Business (391 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Merrimack College (166850) are Elementary & secondary schools (3,223,085 people), Colleges, universities & professional schools, including junior colleges (566,549 people), Computer Systems Design (546,961 people), Justice, public order, & safety activities (523,047 people), and Banking & related activities (514,070 people).

The most specialized majors at Merrimack College (166850) are Human Sciences (114 degrees awarded), Education (438 degrees), Parks, Recreation, & Leisure (64 degrees), Protective Services (103 degrees), and Business (391 degrees) (as of 2022).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Merrimack College (166850).

In 2022, the most common bachelors degree concentration at Merrimack College (166850) was General Human Development & Family Studies with 86 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Merrimack College (166850) according to their major.

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Sex Breakdown for Common Majors

682
Degrees Awarded to Men
in 2022
1,098
Degrees Awarded to Women
in 2022

In 2022, 682 degrees were awarded to men at Merrimack College (166850), which is 0.621 times less than the number of degrees awarded to females (1,098).

This chart displays the sex disparity between the top 5 majors at Merrimack College (166850) by degrees awarded.

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Most Common Male Majors

In 2022, 67 degrees were awarded to men at Merrimack College (166850) in General Business Administration & Management, which is 1.2 times more than the 56 female recipients with that same degree.

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Most Common Female Majors

In 2022, 77 degrees were awarded to men at Merrimack College (166850) in General Human Development & Family Studies, which is 8.56 times more than the 9 male recipients with that same degree.

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Time to Complete

69%
100% Completion Time
74%
150% Completion Time

In 2022, 69% of students graduating from Merrimack College (166850) completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 74% completed their degrees within 150% of the normal time, and 74% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Merrimack College (166850) is Male and American Indian or Alaska Native (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (73.2%).

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, 5.41% of graduates (37 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    1,430 degrees awarded
  2. Hispanic or Latino
    122 degrees awarded
  3. Asian
    46 degrees awarded

The most common race/ethnicity at Merrimack College (166850) is white (1,430 degrees awarded). There were 11.7 times more white recipients than the next closest race/ethnicity group, hispanic or latino (122 degrees).

3.09% of degree recipients (55 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    908 degrees awarded
  2. White Male
    522 degrees awarded
  3. Hispanic or Latino Female
    84 degrees awarded

The most common race/ethnicity and sex grouping at Merrimack College (166850) is white female (908 degrees awarded). There were 1.74 times more white female recipients than the next closest race/ethnicity group, white male (522 degrees).

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Operations

Merrimack College (166850) has an endowment valued at nearly $65.7M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−12.9%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Merrimack College (166850) had a total salary expenditure of 160M. Merrimack College (166850) employs 84 Associate professors, 66 Assistant professors and 35 Professors. Most academics at Merrimack College (166850) are Female Associate professor (47), Female Assistant professor (42), and Male Associate professor (37).

The most common positions for non-instructional staff at Merrimack College (166850) are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 119 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 87 employees, and Service with 58 employees.

Endowment

$65.7M
2022 Endowment
11.3%
decline from 2021

Merrimack College (166850) has an endowment valued at about $65.7M, as of the end of the 2022 fiscal year. The endowment of Merrimack College (166850) declined 11.3% from the previous year. The value of their endowment was $19.1M 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 Merrimack College (166850) (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.

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Government Grants and Contracts

Grants & Contracts
  1. $12.7M - Federal
  2. $1.24M - State
  3. $68.3k - Local

As of 2022, Merrimack College (166850) received $12.7M in grants and contracts from the federal government, $1.24M from state grants and contracts, and $68.3k from local grants and contracts.

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Salary Expenditure

$58M
2022 Salaries
5.87%
growth from 2021

In 2022, Merrimack College (166850) paid a median of $58M in salaries, which represents 36.2% of their overall expenditure ($160M) and a 5.87% growth from the previous year.

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

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Instructional Salaries

$20M
Instructional Salaries
207
Number of Employees

In 2022, Merrimack College (166850) paid a total of $20M to 207 employees working as instructors, which represents 34.5% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Associate professor
Most Common Instructor
84 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
119 Employees

In 2022, the most common positions for instructional staff at Merrimack College (166850) were Associate professor with 84 employees, Assistant professor with 66 employees, and Professor with 35 employees.

In 2022, the most common positions for non-instructional staff at Merrimack College (166850) were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 119 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 87 employees, and Service with 58 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Associate professor
  2. Female Assistant professor
  3. Male Associate professor

In 2022, the most common demographic for instructional staff at Merrimack College (166850) was Female Associate professor with 47 employees, Female Assistant professor with 42 employees, and Male Associate professor with 37 employees.

This chart shows the sex split between each academic rank present at Merrimack College (166850).

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