Merrimack College

www.merrimack.edu

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2021 Undergraduate Tuition

$43,842

3.4% growth from 2020

2021 Average Net Price

$35,500

After Financial Aid

2019 Student Loan

1.99%

Default Rate

2021 Acceptance Rate

80.3%

10,429 Applicants

2021 Enrolled Students

5,452

85.3% Full-Time

2021 Graduation Rate

69%

571 Graduates

About

Merrimack College is a higher education institution located in Essex County, MA. In 2021, the most popular Bachelors Degree concentrations at Merrimack College were General Business Administration & Management (84 degrees awarded), Other Human Development, Family Studies, & Related Services (83 degrees), and General Marketing & Marketing Management (69 degrees).

In 2021, 1,577 degrees were awarded across all undergraduate and graduate programs at Merrimack College. 63.3% of these degrees were awarded to women, and 36.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,242 degrees), 11.8 times more than then the next closest race/ethnicity group, hispanic or latino (105 degrees).

The median undergraduate tuition at Merrimack College is $43,842, which is $20,658 more than the national average for Masters Colleges and Universities ($23,184).

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Merrimack College is $43,842, which is $20,658 more than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $35,500.

In 2021, 94% of undergraduate students attending Merrimack College received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans.

Tuition Costs

$43,842

2021 Undergraduate Tuition

In 2021, the cost of tuition at Merrimack College was $43,842. The cost of tuition at Merrimack College is $20,658 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$35,500

2021 Value

2.58%

1 Year Growth

In 2021 Merrimack College had an average net price — the price paid after factoring in grants and loans — of $35,500. Between 2020 and 2021, the average net price of Merrimack College grew by 2.58%.

This chart compares the average net price of Merrimack 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

$16,407

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Merrimack College was of $16,407 in 2021. The cost of room and board increased by 0.533% between 2020 and 2021.

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 Merrimack College (in red) with that of similar universities.

Financial Aid by Income Level

94%

Undergraduates Receiving Financial Aid through Grants

64%

Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Merrimack College received financial aid through grants or loans in 2021. This represents a growth of 1.08% with respect to 2020, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Merrimack 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.

1.99%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Merrimack College 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.

Admissions

Merrimack College received 10,429 undergraduate applications in 2021, which represents a 4.62% annual growth. Out of those 10,429 applicants, 8,375 students were accepted for enrollment, representing a 80.3% acceptance rate.

There were 5,452 students enrolled at Merrimack College in 2021.

Merrimack College has an overall enrollment yield of 11.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

80.3%

Acceptance Rate in 2021

8,375

Accepted Out of 10,429

In 2021, the undergraduate acceptance rate of Merrimack College was 80.3% (8,375 admissions from 10,429 applications). This is lower than the acceptance rate of 2020, which was 81.6%. Between 2020 and 2021, the number of applicants grew by 4.62%, while admissions declined by −6.18%..

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

Enrollment

Merrimack College had a total enrollment of 5,452 students in 2021. The full-time enrollment at Merrimack College is 4,648 students and the part-time enrollment is 804. This means that 85.3% of students enrolled at Merrimack College are enrolled full-time.

The enrolled student population at Merrimack College, both undergraduate and graduate, is 76.6% White, 8.18% Hispanic or Latino, 4.04% Black or African American, 2.29% Two or More Races, 2.2% Asian, 0.11% American Indian or Alaska Native, and 0.0367% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Merrimack College in full-time Undergraduate programs are most commonly White Female (42.5%), followed by White Male (36.1%) and Hispanic or Latino Female (4.94%). Students enrolled in full-time Graduate programs are most commonly White Female (50.8%), followed by White Male (23.2%) and Hispanic or Latino Female (6.22%).

Full-Time vs Part-Time Enrollment

85.3%

Full-Time Enrollment

The total enrollment at Merrimack College in 2021, both undergraduate and graduate, is 5,452 students. The full-time enrollment at Merrimack College is 4,648 and the part-time enrollment is 804. This means that 85.3% of students enrolled at Merrimack College are enrolled full-time compared with 68.3% at similar Masters Colleges and Universities.

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

Retention Rate over Time

84%

2021 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 was 84%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Merrimack College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
4,176 enrolled students
Hispanic or Latino
446 enrolled students
Black or African American
220 enrolled students

The enrolled student population at Merrimack College is 76.6% White, 8.18% Hispanic or Latino, 4.04% Black or African American, 2.29% Two or More Races, 2.2% Asian, 0.11% American Indian or Alaska Native, and 0.0367% 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 52% White, 16.9% Hispanic or Latino, and 12.8% 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, 255 students (4.68%) did not report their race.

Graduates

In 2021, 419 more women than men received degrees from Merrimack College. The most common race/ethnicity group of degree recipients at Merrimack College is white (1,242 degrees awarded). There were 11.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (105 degrees).

The most common Bachelor's Degree concentration at Merrimack College is General Business Administration & Management (84 degrees awarded), followed by Other Human Development, Family Studies, & Related Services (83 degrees) and General Marketing & Marketing Management (69 degrees).

In 2021, the most specialized majors across all degree types at Merrimack College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Human Sciences (110 degrees awarded), EDUCATION. (345 degrees), and Parks, Recreation, & Leisure (45 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 Merrimack College are Elementary & middle school teachers (1,813,012 people), Accountants & auditors (1,056,632 people), Other managers (753,747 people), Financial managers (487,097 people), and Secondary school teachers (477,383 people).

The most specialized majors at Merrimack College in 2021 are Human Sciences (110 degrees awarded), EDUCATION. (345 degrees), Parks, Recreation, & Leisure (45 degrees), Protective Services (76 degrees), and Business (369 degrees) (as of 2021).

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 Merrimack College are Surgeons, Physicians, Securities, commodities, & financial services sales agents, Nurse anesthetists, and Aircraft pilots & flight engineers

The most specialized majors at Merrimack College are Human Sciences (110 degrees awarded), EDUCATION. (345 degrees), Parks, Recreation, & Leisure (45 degrees), Protective Services (76 degrees), and Business (369 degrees) (as of 2021).

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 Merrimack College are Elementary & secondary schools (3,193,155 people), Colleges, universities & professional schools, including junior colleges (549,415 people), Justice, public order, & safety activities (509,241 people), Banking & related activities (507,112 people), and Computer Systems Design (502,039 people).

Majors Awarded

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

Most Common (2020)

General Marketing & Marketing Management
95 degree-majors awarded
Other Human Development, Family Studies, & Related Services
85 degree-majors awarded
General Business Administration & Management
79 degree-majors awarded

In 2020, the most common bachelors degree concentration at Merrimack College was General Marketing & Marketing Management with 95 degrees awarded.

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

Sex Breakdown for Common Majors

579

Degrees Awarded to Men

in 2021

998

Degrees Awarded to Women

in 2021

In 2021, 579 degrees were awarded to men at Merrimack College, which is 0.58 times less than the number of degrees awarded to females (998).

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

Most Common Male Majors

In 2021, 81 degrees were awarded to men at Merrimack College in General Business Administration & Management, which is 1.4 times more than the 58 female recipients with that same degree.

Most Common Female Majors

In 2021, 78 degrees were awarded to men at Merrimack College in Other Human Development, Family Studies, & Related Services, which is 15.6 times more than the 5 male recipients with that same degree.

Time to Complete

68%

100% Completion Time

75%

150% Completion Time

In 2021, 68% of students graduating from Merrimack College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 75% completed their degrees within 150% of the normal time, and 75% 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.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Merrimack College is Female and American Indian or Alaska Native (100% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.9%).

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, 6.13% of graduates (35 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,242 degrees awarded
Hispanic or Latino
105 degrees awarded
Black or African American
65 degrees awarded

The most common race/ethnicity at Merrimack College is white (1,242 degrees awarded). There were 11.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (105 degrees).

3.93% of degree recipients (62 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
822 degrees awarded
White Male
420 degrees awarded
Hispanic or Latino Female
66 degrees awarded

The most common race/ethnicity and sex grouping at Merrimack College is white female (822 degrees awarded). There were 1.96 times more white female recipients than the next closest race/ethnicity group, white male (420 degrees).

Operations

Merrimack College has an endowment valued at nearly $74.1M, as of the end of the 2021 fiscal year. The return on its endowment was of 17.5M (23.6%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Merrimack College had a total salary expenditure of 146M. Merrimack College employs 79 Associate professors, 64 Assistant professors and 31 Professors. Most academics at Merrimack College are Female Associate professor (43), Female Assistant professor (37), and Male Associate professor (36).

The most common positions for non-instructional staff at Merrimack College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 132 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 84 employees, and Office and Administrative Support with 68 employees.

Endowment

$74.1M

2021 Endowment

33.1%

growth from 2020

Merrimack College has an endowment valued at about $74.1M, as of the end of the 2021 fiscal year. The endowment of Merrimack College grew 33.1% from the previous year. The value of their endowment was $23.7M 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 (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.

Salary Expenditure

$54.8M

2021 Salaries

1.73%

decline from 2020

In 2021, Merrimack College paid a median of $54.8M in salaries, which represents 37.5% of their overall expenditure ($146M) and a 1.73% decline from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$19M

Instructional Salaries

198

Number of Employees

In 2021, Merrimack College paid a total of $19M to 198 employees working as instructors, which represents 34.7% of all salaries paid.

This is compared to a median of $11M (31.3%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

79 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

132 Employees

In 2021, the most common positions for instructional staff at Merrimack College were Associate professor with 79 employees, Assistant professor with 64 employees, and Professor with 31 employees.

In 2021, the most common positions for non-instructional staff at Merrimack College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 132 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 84 employees, and Office and Administrative Support with 68 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Associate professor
Female Assistant professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Merrimack College was Female Associate professor with 43 employees, Female Assistant professor with 37 employees, and Male Associate professor with 36 employees.

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