Alverno College

www.alverno.edu

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2021 Undergraduate Tuition

$30,408

2.01% growth from 2020

2021 Average Net Price

$18,243

After Financial Aid

2019 Student Loan

1.53%

Default Rate

2021 Acceptance Rate

90.8%

666 Applicants

2021 Enrolled Students

1,822

74.3% Full-Time

2021 Graduation Rate

47.8%

107 Graduates

About

Alverno College is a higher education institution located in Milwaukee County, WI. In 2021, the most popular Bachelors Degree concentrations at Alverno College were Registered Nursing (117 degrees awarded), General Studies (21 degrees), and Social Work (17 degrees).

In 2021, 603 degrees were awarded across all undergraduate and graduate programs at Alverno College. 90.7% of these degrees were awarded to women, and 9.29% awarded men. The most common race/ethnicity group of degree recipients was white (351 degrees), 3.25 times more than then the next closest race/ethnicity group, hispanic or latino (108 degrees).

The median undergraduate tuition at Alverno College is $30,408, which is $7,224 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 Alverno College is $30,408, which is $7,224 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 $18,243.

In 2021, 89% of undergraduate students attending Alverno College received financial aid through grants. Comparatively, 70% of undergraduate students received financial aid through loans.

Tuition Costs

$30,408

2021 Undergraduate Tuition

In 2021, the cost of tuition at Alverno College was $30,408. The cost of tuition at Alverno College is $7,224 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$18,243

2021 Value

9.15%

1 Year Growth

In 2021 Alverno College had an average net price — the price paid after factoring in grants and loans — of $18,243. Between 2020 and 2021, the average net price of Alverno College grew by 9.15%.

This chart compares the average net price of Alverno 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

$7,945

Room and Board

$768

Books and Supplies

The average yearly cost of room and board at Alverno College was of $7,945 in 2021. The cost of room and board decreased by 1.12% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $768. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

89%

Undergraduates Receiving Financial Aid through Grants

70%

Undergraduates Receiving Financial Aid through Loans

89% of undergraduate students at Alverno College received financial aid through grants or loans in 2021. This represents a decline of 4.3% with respect to 2020, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Alverno 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.

1.53%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Alverno College was 1.53%, which represents 11 out of the 718 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

Alverno College received 666 undergraduate applications in 2021, which represents a 12.1% annual growth. Out of those 666 applicants, 605 students were accepted for enrollment, representing a 90.8% acceptance rate.

There were 1,822 students enrolled at Alverno College in 2021.

Alverno College has an overall enrollment yield of 18.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

90.8%

Acceptance Rate in 2021

605

Accepted Out of 666

In 2021, the undergraduate acceptance rate of Alverno College was 90.8% (605 admissions from 666 applications). This is higher than the acceptance rate of 2020, which was 78.2%. Between 2020 and 2021, the number of applicants grew by 12.1%, while admissions grew by 2.02%..

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

Enrollment

Alverno College had a total enrollment of 1,822 students in 2021. The full-time enrollment at Alverno College is 1,354 students and the part-time enrollment is 468. This means that 74.3% of students enrolled at Alverno College are enrolled full-time.

The enrolled student population at Alverno College, both undergraduate and graduate, is 48.4% White, 23.8% Hispanic or Latino, 15.9% Black or African American, 5.6% Asian, 3.4% Two or More Races, 0.329% American Indian or Alaska Native, and 0.11% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alverno College in full-time Undergraduate programs are most commonly Hispanic or Latino Female (37.4%), followed by White Female (34.7%) and Black or African American Female (13.4%). Students enrolled in full-time Graduate programs are most commonly White Female (52.7%), followed by Black or African American Female (15.4%) and Hispanic or Latino Female (10.9%).

Full-Time vs Part-Time Enrollment

74.3%

Full-Time Enrollment

The total enrollment at Alverno College in 2021, both undergraduate and graduate, is 1,822 students. The full-time enrollment at Alverno College is 1,354 and the part-time enrollment is 468. This means that 74.3% of students enrolled at Alverno 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 Alverno College (in red) compares to similar universities.

Retention Rate over Time

69%

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 Alverno College was 69%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Alverno College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
882 enrolled students
Hispanic or Latino
434 enrolled students
Black or African American
290 enrolled students

The enrolled student population at Alverno College is 48.4% White, 23.8% Hispanic or Latino, 15.9% Black or African American, 5.6% Asian, 3.4% Two or More Races, 0.329% American Indian or Alaska Native, and 0.11% 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, 27 students (1.48%) did not report their race.

Graduates

In 2021, 491 more women than men received degrees from Alverno College. The most common race/ethnicity group of degree recipients at Alverno College is white (351 degrees awarded). There were 3.25 times more white recipients than the next closest race/ethnicity group, hispanic or latino (108 degrees).

The most common Bachelor's Degree concentration at Alverno College is Registered Nursing (117 degrees awarded), followed by General Studies (21 degrees) and Social Work (17 degrees).

In 2021, the most specialized majors across all degree types at Alverno College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are EDUCATION. (204 degrees awarded), Psychology (68 degrees), and Health (198 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 Alverno College are Elementary & middle school teachers (1,795,647 people), Registered nurses (1,433,147 people), Secondary school teachers (469,464 people), Education administrators (333,700 people), and Social workers, all other (284,133 people).

The most specialized majors at Alverno College in 2021 are EDUCATION. (204 degrees awarded), Psychology (68 degrees), Health (198 degrees), Public Administration and Social Service (17 degrees), and History (3 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 Alverno College are Surgeons, Diagnostic medical sonographers, Magnetic resonance imaging technologists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Alverno College are EDUCATION. (204 degrees awarded), Psychology (68 degrees), Health (198 degrees), Public Administration and Social Service (17 degrees), and History (3 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 Alverno College are Elementary & secondary schools (3,301,732 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,763,860 people), Colleges, universities & professional schools, including junior colleges (548,608 people), Outpatient care centers (436,786 people), and Individual & family services (301,887 people).

Majors Awarded

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

Most Common (2020)

Registered Nursing
88 degree-majors awarded
Liberal Arts & Sciences
27 degree-majors awarded
Elementary Education & Teaching
19 degree-majors awarded

In 2020, the most common bachelors degree concentration at Alverno College was Registered Nursing with 88 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

547

Degrees Awarded to Women

in 2021

In 2021, 56 degrees were awarded to men at Alverno College, which is 0.102 times less than the number of degrees awarded to females (547).

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

Most Common Male Majors

In 2021, 11 degrees were awarded to men at Alverno College in Middle School Education & Teaching, which is 0.289 times less than the 38 female recipients with that same degree.

Most Common Female Majors

In 2021, 112 degrees were awarded to men at Alverno College in Registered Nursing, which is 22.4 times more than the 5 male recipients with that same degree.

Time to Complete

22%

100% Completion Time

48%

150% Completion Time

In 2021, 22% of students graduating from Alverno College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 48% completed their degrees within 150% of the normal time, and 51% 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.

White Female

Highest Graduation Rate (57.8%)

The student demographic with the highest graduation rate in 2021 at Alverno College is Female and White (57.8% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
351 degrees awarded
Hispanic or Latino
108 degrees awarded
Black or African American
92 degrees awarded

The most common race/ethnicity at Alverno College is white (351 degrees awarded). There were 3.25 times more white recipients than the next closest race/ethnicity group, hispanic or latino (108 degrees).

0.166% of degree recipients (1 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
322 degrees awarded
Hispanic or Latino Female
103 degrees awarded
Black or African American Female
83 degrees awarded

The most common race/ethnicity and sex grouping at Alverno College is white female (322 degrees awarded). There were 3.13 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (103 degrees).

Operations

Alverno College has an endowment valued at nearly $41.6M, as of the end of the 2021 fiscal year. The return on its endowment was of 9.73M (23.4%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Alverno College had a total salary expenditure of 40.7M. Alverno College employs 41 Assistant professors, 26 Professors and 23 Associate professors. Most academics at Alverno College are Female Assistant professor (35), Female Associate professor (21), and Female Professor (18).

The most common positions for non-instructional staff at Alverno College are: Management, with 76 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 34 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Endowment

$41.6M

2021 Endowment

32%

growth from 2020

Alverno College has an endowment valued at about $41.6M, as of the end of the 2021 fiscal year. The endowment of Alverno College grew 32% from the previous year. The value of their endowment was $8.82M 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 Alverno 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.

Government Grants and Contracts

Grants & Contracts

$2.44M - Federal
$631k - State
$18k - Local

As of 2021, Alverno College received $2.44M in grants and contracts from the federal government, $631k from state grants and contracts, and $18k from local grants and contracts.

Salary Expenditure

$19.2M

2021 Salaries

10.3%

growth from 2020

In 2021, Alverno College paid a median of $19.2M in salaries, which represents 47.1% of their overall expenditure ($40.7M) and a 10.3% growth from the previous year.

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

Instructional Salaries

$5.42M

Instructional Salaries

Number of Employees

In 2021, Alverno College paid a total of $5.42M to 90 employees working as instructors, which represents 28.3% of all salaries paid.

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

Occupations by Share

Assistant professor

Most Common Instructor

41 Employees

Management

Most Common Non-Instructional Employee

76 Employees

In 2021, the most common positions for instructional staff at Alverno College were Assistant professor with 41 employees, Professor with 26 employees, and Associate professor with 23 employees.

In 2021, the most common positions for non-instructional staff at Alverno College were Management with 76 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 34 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Female Associate professor
Female Professor

In 2021, the most common demographic for instructional staff at Alverno College was Female Assistant professor with 35 employees, Female Associate professor with 21 employees, and Female Professor with 18 employees.

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