Pace University

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2020 Undergraduate Tuition
$45,832
2.5% growth from 2019
2020 Average Net Price
$32,886
After Financial Aid
2018 Student Loan
3.82%
Default Rate
2020 Acceptance Rate
82.9%
24,902 Applicants
2020 Enrolled Students
12,835
76.9% Full-Time
2020 Graduation Rate
58.5%
1,133 Graduates

About

Pace University is a higher education institution located in New York County, NY. In 2016, the most popular Bachelor's Degree concentrations at Pace University were Registered Nursing (223 degrees awarded), Accounting (133 degrees), and General Finance (125 degrees).

In 2020, 3,751 degrees were awarded across all undergraduate and graduate programs at Pace University. 63.7% of these degrees were awarded to women, and 36.3% awarded men. The most common race/ethnicity group of degree recipients was white (1,658 degrees), 3.63 times more than then the next closest race/ethnicity group, hispanic or latino (457 degrees).

The median undergraduate tuition at Pace University is $45,832, which is $17,203 more than the national average for Doctoral Universities ($28,629).

Costs

The median undergraduate tuition at Pace University is $45,832, which is $17,203 more than the national average for Doctoral Universities ($28,629).

After taking grants and loans into account, the average net price for students is $32,886.

In 2020, 89% of undergraduate students attending Pace University received financial aid through grants. Comparatively, 49% of undergraduate students received financial aid through loans.

Student Expenses

Tuition Costs

$45,832
2020 Undergraduate Tuition

In 2020, the cost of tuition at Pace University was $45,832. The cost of tuition at Pace University is $17,203 more than than the overall (public and private) national average for Doctoral Universities ($28,629).

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Average Net Price

$32,886
2020 Value
1.21%
1 Year Growth

In 2020 Pace University had an average net price — the price paid after factoring in grants and loans — of $32,886. Between 2019 and 2020, the average net price of Pace University grew by 1.21%.

This chart compares the average net price of Pace University (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

$19,883
Room and Board
$800
Books and Supplies

The average yearly cost of room and board at Pace University was of $19,883 in 2020. During the same period, the average yearly cost of books and supplies was $800. The cost of room and board increased by 3.82% between 2019 and 2020. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

89%
Undergraduates Receiving Financial Aid through Grants
49%
Undergraduates Receiving Financial Aid through Loans

89% of undergraduate students at Pace University received financial aid through grants or loans in 2020. This represents a growth of 2.3% with respect to 2019, when 87% of undergraduate students received financial aid.

This chart compares the average award discount at Pace University (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.
3.82%
2018 Default Rate
105
Number of Defaults

In 2018 the default rate for borrower's at Pace University was 3.82%, which represents 105 out of the 2751 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

Pace University received 24,902 undergraduate applications in 2020, which represents a 11.1% annual growth. Out of those 24,902 applicants, 20,636 students were accepted for enrollment, representing a 82.9% acceptance rate.

There were 12,835 students enrolled at Pace University in 2020, and 64% of first-time enrollees submitted SAT scores with their applications.

Pace University has an overall enrollment yield of 8.67%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

82.9%
Acceptance Rate in 2020
20,636
Accepted Out of 24,902

In 2020, the undergraduate acceptance rate of Pace University was 82.9% (20,636 admissions from 24,902 applications). This is higher than the acceptance rate of 2019, which was 78.7%. Between 2019 and 2020, the number of applicants grew by 11.1%, while admissions grew by 17%.

This chart compares the acceptance rate of Pace University (in red) with that of other similar universities.

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SAT Scores

64%
Submission Percentage
1,151
Scores Submitted

64% of enrolled first-time students at Pace University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

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Enrollment

Pace University has a total enrollment of 12,835 students. The full-time enrollment at Pace University is 9,865 students and the part-time enrollment is 2,970. This means that 76.9% of students enrolled at Pace University are enrolled full-time.

The enrolled student population at Pace University, both undergraduate and graduate, is 46.8% White, 14.6% Hispanic or Latino, 10.5% Black or African American, 7.37% Asian, 4.07% Two or More Races, 0.203% American Indian or Alaska Native, and 0.101% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Pace University in full-time Undergraduate programs are most commonly White Female (32.3%), followed by White Male (17.5%) and Hispanic or Latino Female (11.2%). Students enrolled in full-time Graduate programs are most commonly White Female (28.1%), followed by White Male (14.9%) and Hispanic or Latino Female (8.26%).

Full-Time vs Part-Time Enrollment

76.9%
Full-Time Enrollment

The total enrollment at Pace University, both undergraduate and graduate, is 12,835 students. The full-time enrollment at Pace University is 9,865 and the part-time enrollment is 2,970. This means that 76.9% of students enrolled at Pace University are enrolled full-time compared with 76.4% at similar Doctoral Universities.

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

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Retention Rate over Time

73%
2020 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 Pace University was 73%. Compared with the full-time retention rate at similar Doctoral Universities (84.5%), Pace University had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    6,003
  2. Hispanic or Latino
    1,869
  3. Black or African American
    1,352

The enrolled student population at Pace University is 46.8% White, 14.6% Hispanic or Latino, 10.5% Black or African American, 7.37% Asian, 4.07% Two or More Races, 0.203% American Indian or Alaska Native, and 0.101% 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 Doctoral Universities is 49.8% White, 15.1% Hispanic or Latino, and 9.74% 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, 701 students (5.46%) did not report their race.

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Graduates

In 2020, 1029 more women than men received degrees from Pace University. The most common race/ethnicity group of degree recipients at Pace University is white (1,658 degrees awarded). There were 3.63 times more white graduates than the next closest race/ethnicity group, hispanic or latino (457 degrees).

The most common Bachelor's Degree concentration at Pace University is Registered Nursing (223 degrees awarded), followed by Accounting (133 degrees) and General Finance (125 degrees).

The most specialized majors across all degree types at Pace University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (211 degrees awarded), Communications (314 degrees), and History (71 degrees).

Workforce

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Pace University are Software developers (471,699 people), Other managers (296,836 people), Elementary & middle school teachers (220,509 people), Lawyers, & judges, magistrates, & other judicial workers (165,147 people), and Computer occupations, all other (134,409 people).

The most specialized majors at Pace University are Legal (211 degrees awarded), Communications (314 degrees), History (71 degrees), Visual & Performing Arts (296 degrees), and Computer and Information Sciences and Support Services (450 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Pace University are Nuclear medicine technologists and medical dosimetrists, Surgeons, Magnetic resonance imaging technologists, Clinical and counseling psychologists, and Computer hardware engineers

The most specialized majors at Pace University are Legal (211 degrees awarded), Communications (314 degrees), History (71 degrees), Visual & Performing Arts (296 degrees), and Computer and Information Sciences and Support Services (450 degrees).

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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 Pace University are Computer Systems Design (636,644 people), Elementary & secondary schools (486,020 people), Colleges, universities & professional schools, including junior colleges (364,895 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (168,614 people), and Insurance carriers (165,191 people).

The most specialized majors at Pace University are Legal (211 degrees awarded), Communications (314 degrees), History (71 degrees), Visual & Performing Arts (296 degrees), and Computer and Information Sciences and Support Services (450 degrees).

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Degrees

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Pace University.
Most Common
  1. 223 degree-majorss awarded
  2. 133 degree-majorss awarded
  3. 125 degree-majorss awarded

In 2020, the most common bachelors degree concentration at Pace University was Registered Nursing with 223 degrees awarded.

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

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Sex Breakdown for Common Majors

1,361
Degrees Awarded to Men
in 2020
2,390
Degrees Awarded to Women
in 2020

In 2020, 1,361 degrees were awarded to men at Pace University, which is 0.569 times less than the number of degrees awarded to females (2,390).

This chart displays the sex disparity between the top 5 majors at Pace University by degrees awarded.

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Most Common Male Majors

In 2020, 121 degrees were awarded to men at Pace University in Computer Science, which is 2.16 times more than the 56 female recipients with that same degree.

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Most Common Female Majors

In 2020, 195 degrees were awarded to women at Pace University in Registered Nursing, which is 6.96 times more than the 28 male recipients with that same degree.

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Time to Complete

42%
100% Completion Time
56%
150% Completion Time

In 2020, 42% of students graduating from Pace University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 56% completed their degrees within 150% of the normal time, and 57% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral 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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Diversity

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 at Pace University is Female and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.4%).

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, 2.29% of graduates (26 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,658 degrees awarded
  2. Hispanic or Latino
    457 degrees awarded
  3. Black or African American
    404 degrees awarded

The most common race/ethnicity at Pace University is white (1,658 degrees awarded). There were 3.63 times more white recipients than the next closest race/ethnicity group, hispanic or latino (457 degrees).

3.95% of degree recipients (148 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic
  1. White Female
    1,060 degrees awarded
  2. White Male
    598 degrees awarded
  3. Hispanic or Latino Female
    308 degrees awarded

The most common race/ethnicity and sex grouping at Pace University is white female (1,060 degrees awarded). There were 1.77 times more white female recipients than the next closest race/ethnicity group, white male (598 degrees).

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Operations

Pace University has an endowment valued at nearly $194M, as of the end of the 2020 fiscal year. The return on its endowment was of $9.61M (4.96%), compared to the 3.48% average return ($10.5M on $302M) across all Doctoral Universities.

In 2020, Pace University had a total salary expenditure of $378M. Pace University employs 191 Professors, 139 Associate professors, and 110 Assistant professors. Most academics at Pace University are Male Professors (101), Female Professors(90), and Female Associate professors (85).

The most common positions for non-instructional staff at Pace University are: Management, with 282 employees, Office and Administrative Support, with 234 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 160 employees.

Finances

Endowment

$194M
2020 Endowment
0.403%
growth from 2019

Pace University has an endowment valued at about $194M, as of the end of the 2020 fiscal year. The endowment of Pace University grew 0.403% from the previous year. The value of their endowment was $108M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Moderate Research Activity Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $11M - Federal
  2. $1.87M - State
  3. $181k - Local

As of 2020, Pace University received $11M in grants and contracts from the federal government, $1.87M from state grants and contracts, and $181k from local grants and contracts.

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Expenses

Salary Expenditure

$165M
2020 Salaries
0.374%
decline from 2019

In 2020, Pace University paid a median of $165M in salaries, which represents 43.6% of their overall expenditure ($378M) and a 0.374% decline from the previous year. This is compared to a 1.06% growth from 2018 and a 2.34% growth from 2017.

The median for similar Doctoral Universities is 238M (43% of overall expenditures).

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Instructional Salaries

$54.5M
Instructional Salaries
479
Number of Employees

In 2020, Pace University paid a total of $54.5M to 479 employees working as instructors, which represents 33.1% of all salaries paid.

This is compared to a median of $69.9M (29.4%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Professor
Most Common Instructor
191 Employees
Management
Most Common Non-Instructional Employee
282 Employees

In 2020, the most common positions for instructional staff at Pace University were Professor with 191 employees; Associate professor with 139 employees; and Associate professor with 110 employees.

In 2020, the most common positions for non-instructional staff at Pace University were Management with 282 employees; Office and Administrative Support with 234 employees; and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 160 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic
  1. Male Professor
  2. Female Professor
  3. Female Associate professor

In 2020, the most common demographic for instructional staff at Pace University was Male Professor with 101 employees, Female Professor with 90 employees, and Female Associate professor with 85 employees.

This chart shows the sex split between each academic rank present at Pace University.

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