St Olaf College

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2022 Undergraduate Tuition

$54,650

3.76% growth from 2021

2022 Average Net Price

$26,171

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

56.4%

5,524 Applicants

2022 Enrolled Students

3,046

99.2% Full-Time

2022 Graduation Rate

84.8%

697 Graduates

About

St Olaf College is a higher education institution located in Rice County, MN. In 2022, the most popular Bachelors Degree concentrations at St Olaf College were General Biological Sciences (111 degrees awarded), General Mathematics (75 degrees), and Other Research & Experimental Psychology (75 degrees).

In 2022, 969 degrees were awarded across all undergraduate and graduate programs at St Olaf College. 61.6% of these degrees were awarded to women, and 38.4% awarded men. The most common race/ethnicity group of degree recipients was white (685 degrees), 9.65 times more than then the next closest race/ethnicity group, hispanic or latino (71 degrees).

The median undergraduate tuition at St Olaf College is $54,650, which is $26,320 more than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at St Olaf College was 0%, corresponding to 0 out of the 516 total borrowers.

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at St Olaf College is $54,650, which is $26,320 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $26,171.

In 2022, 98% of undergraduate students attending St Olaf College received financial aid through grants. Comparatively, 45% of undergraduate students received financial aid through loans.

Tuition Costs

$54,650

2022 Undergraduate Tuition

In 2022, the cost of tuition at St Olaf College was $54,650. The cost of tuition at St Olaf College is $26,320 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$26,171

2022 Value

5.62%

1 Year Growth

In 2022 St Olaf College had an average net price — the price paid after factoring in grants and loans — of $26,171. Between 2021 and 2022, the average net price of St Olaf College grew by 5.62%.

This chart compares the average net price of St Olaf 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

$12,000

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at St Olaf College was of $12,000 in 2022. The cost of room and board increased by 2.92% 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.

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

Financial Aid by Income Level

98%

Undergraduates Receiving Financial Aid through Grants

45%

Undergraduates Receiving Financial Aid through Loans

98% of undergraduate students at St Olaf College received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 98% of undergraduate students received financial aid.

This chart compares the average award discount at St Olaf 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 St Olaf College was 0%, which represents 0 out of the 516 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

St Olaf College received 5,524 undergraduate applications in 2022, which represents a 14.9% annual growth. Out of those 5,524 applicants, 3,116 students were accepted for enrollment, representing a 56.4% acceptance rate.

There were 3,046 students enrolled at St Olaf College in 2022. 15% of first-time enrollees submitted SAT scores with their applications.

St Olaf College has an overall enrollment yield of 27.9%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

56.4%

Acceptance Rate in 2022

3,116

Accepted Out of 5,524

In 2022, the undergraduate acceptance rate of St Olaf College was 56.4% (3,116 admissions from 5,524 applications). This is higher than the acceptance rate of 2021, which was 47.4%. Between 2021 and 2022, the number of applicants declined by 14.9%, while admissions grew by 1.17%.

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

SAT Scores

15%

Submission Percentage (2022)

129

Scores Submitted (2022)

15% of enrolled first-time students at St Olaf College in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

St Olaf College had a total enrollment of 3,046 students in 2022. The full-time enrollment at St Olaf College is 3,022 students and the part-time enrollment is 24. This means that 99.2% of students enrolled at St Olaf College are enrolled full-time.

The enrolled student population at St Olaf College, both undergraduate and graduate, is 67.1% White, 8.31% Hispanic or Latino, 5.81% Asian, 4.01% Two or More Races, 3.35% Black or African American, and 0.0985% American Indian or Alaska Native.

Students enrolled at St Olaf College in full-time Undergraduate programs are most commonly White Female (39.1%), followed by White Male (27.9%) and Hispanic or Latino Female (4.73%).

Full-Time vs Part-Time Enrollment

99.2%

Full-Time Enrollment

The total enrollment at St Olaf College in 2022, both undergraduate and graduate, is 3,046 students. The full-time enrollment at St Olaf College is 3,022 and the part-time enrollment is 24. This means that 99.2% of students enrolled at St Olaf College are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

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

Retention Rate over Time

90%

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 St Olaf College was 90%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), St Olaf College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
2,043 enrolled students
Hispanic or Latino
253 enrolled students
Asian
177 enrolled students

The enrolled student population at St Olaf College is 67.1% White, 8.31% Hispanic or Latino, 5.81% Asian, 4.01% Two or More Races, 3.35% Black or African American, and 0.0985% 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 54.3% White, 13.8% Hispanic or Latino, and 13.1% 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, 18 students (0.591%) did not report their race.

Graduates

In 2022, 225 more women than men received degrees from St Olaf College. The most common race/ethnicity group of degree recipients at St Olaf College is white (685 degrees awarded). There were 9.65 times more white recipients than the next closest race/ethnicity group, hispanic or latino (71 degrees).

The most common Bachelor's Degree concentration at St Olaf College is General Biological Sciences (111 degrees awarded), followed by General Mathematics (75 degrees) and Other Research & Experimental Psychology (75 degrees).

In 2022, the most specialized majors across all degree types at St Olaf College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Language & Linguistics (71 degrees awarded), Philosophy and Religious Studies (34 degrees), and Math & Statistics (75 degrees).

Common Jobs by Major

Postsecondary teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at St Olaf College are Postsecondary teachers (230,066 people), Elementary & middle school teachers (176,653 people), Other managers (170,468 people), Secondary school teachers (157,016 people), and Lawyers, & judges, magistrates, & other judicial workers (136,982 people).

The most specialized majors at St Olaf College in 2022 are Language & Linguistics (71 degrees awarded), Philosophy and Religious Studies (34 degrees), Math & Statistics (75 degrees), Physical Sciences (47 degrees), and English (50 degrees) (as of 2022).

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 St Olaf College are Surgeons, Cardiovascular technologists and technicians, Securities, commodities, & financial services sales agents, Nuclear medicine technologists and medical dosimetrists, and Physicians

The most specialized majors at St Olaf College are Language & Linguistics (71 degrees awarded), Philosophy and Religious Studies (34 degrees), Math & Statistics (75 degrees), Physical Sciences (47 degrees), and English (50 degrees) (as of 2022).

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 St Olaf College are Elementary & secondary schools (447,601 people), Colleges, universities & professional schools, including junior colleges (403,137 people), Computer Systems Design (197,662 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (147,663 people), and Legal services (114,309 people).

Majors Awarded

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

Most Common (2022)

General Biological Sciences
111 degrees awarded
General Mathematics
75 degrees awarded
Other Research & Experimental Psychology
75 degrees awarded

In 2022, the most common bachelors degree concentration at St Olaf College was General Biological Sciences with 111 degrees awarded.

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

Sex Breakdown for Common Majors

372

Degrees Awarded to Men

in 2022

597

Degrees Awarded to Women

in 2022

In 2022, 372 degrees were awarded to men at St Olaf College, which is 0.623 times less than the number of degrees awarded to females (597).

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

Most Common Male Majors

In 2022, 43 degrees were awarded to men at St Olaf College in General Mathematics, which is 1.34 times more than the 32 female recipients with that same degree.

Most Common Female Majors

In 2022, 78 degrees were awarded to men at St Olaf College in General Biological Sciences, which is 2.36 times more than the 33 male recipients with that same degree.

Time to Complete

82%

100% Completion Time

85%

150% Completion Time

In 2022, 82% of students graduating from St Olaf College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 85% completed their degrees within 150% of the normal time, and 85% 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.

Asian Female

Highest Graduation Rate (93.3%)

The student demographic with the highest graduation rate in 2022 at St Olaf College is Female and Asian (93.3% graduation rate). Across all Baccalaureate Colleges, 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, 1.15% of graduates (8 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
685 degrees awarded
Hispanic or Latino
71 degrees awarded
Asian
63 degrees awarded

The most common race/ethnicity at St Olaf College is white (685 degrees awarded). There were 9.65 times more white recipients than the next closest race/ethnicity group, hispanic or latino (71 degrees).

0.516% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
422 degrees awarded
White Male
263 degrees awarded
Asian Female
46 degrees awarded

The most common race/ethnicity and sex grouping at St Olaf College is white female (422 degrees awarded). There were 1.6 times more white female recipients than the next closest race/ethnicity group, white male (263 degrees).

Operations

St Olaf College has an endowment valued at nearly $697M, as of the end of the 2022 fiscal year. The return on its endowment was of −5.56M (−0.798%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, St Olaf College had a total salary expenditure of 126M. St Olaf College employs 78 Assistant professors, 72 Associate professors and 53 Professors. Most academics at St Olaf College are Male Assistant professor (42), Male Associate professor (36), and Female Associate professor (36).

The most common positions for non-instructional staff at St Olaf College are: Service, with 91 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 68 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 57 employees.

Endowment

$697M

2022 Endowment

0.718%

decline from 2021

St Olaf College has an endowment valued at about $697M, as of the end of the 2022 fiscal year. The endowment of St Olaf College declined 0.718% from the previous year. The value of their endowment was $647M higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at St Olaf 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: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$48.3M

2022 Salaries

1.54%

growth from 2021

In 2022, St Olaf College paid a median of $48.3M in salaries, which represents 38.3% of their overall expenditure ($126M) and a 1.54% growth from the previous year. This is compared to a 1.23% growth between 2020 and 2021, and a 1.67% growth between 2019 and 2020.

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

Instructional Salaries

$17.8M

Instructional Salaries

222

Number of Employees

In 2022, St Olaf College paid a total of $17.8M to 222 employees working as instructors, which represents 36.9% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

78 Employees

Service

Most Common Non-Instructional Employee

91 Employees

In 2022, the most common positions for instructional staff at St Olaf College were Assistant professor with 78 employees, Associate professor with 72 employees, and Professor with 53 employees.

In 2022, the most common positions for non-instructional staff at St Olaf College were Service with 91 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 68 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 57 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Assistant professor
Male Associate professor
Female Associate professor

In 2022, the most common demographic for instructional staff at St Olaf College was Male Assistant professor with 42 employees, Male Associate professor with 36 employees, and Female Associate professor with 36 employees.

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

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