Ridgewater College

www.ridgewater.edu

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2022 Undergraduate Tuition

$5,473

3.5% growth from 2021

2022 Average Net Price

$10,225

After Financial Aid

2020 Default Rate

0.131%

on Student Loans

2022 Enrolled Students

2,904

54.5% Full-Time

2022 Graduation Rate

45%

207 Graduates

About

Ridgewater College is a higher education institution located in Kandiyohi County, MN. In 2022, the most popular Associates Degree concentrations at Ridgewater College were Liberal Arts & Sciences (208 degrees awarded), Registered Nursing (72 degrees), and Early Childhood Education & Teaching (23 degrees).

In 2022, 742 degrees were awarded across all undergraduate and graduate programs at Ridgewater College. 64.8% of these degrees were awarded to women, and 35.2% awarded men. The most common race/ethnicity group of degree recipients was white (628 degrees), 12.1 times more than then the next closest race/ethnicity group, hispanic or latino (52 degrees).

The median undergraduate tuition at Ridgewater College is $5,473, which is $−2,639 less than the national average for Associates Colleges ($8,112).

In 2020 the default rate for borrower's at Ridgewater College was 0.131%, corresponding to 1 out of the 763 total borrowers.

Associates Colleges: Mixed Transfer/Career & Technical-High Traditional Associates Colleges

Costs

In 2022, the median undergraduate tuition at Ridgewater College is $5,473, which is $2,639 less than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $10,225.

In 2022, 77% of undergraduate students attending Ridgewater College received financial aid through grants. Comparatively, 29% of undergraduate students received financial aid through loans.

Tuition Costs

$5,473

2022 Undergraduate Tuition

In 2022, the cost of tuition at Ridgewater College was $5,473. The cost of tuition at Ridgewater College is $−2,639 less than than the overall (public and private) national average for Associates Colleges ($8,112).

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

Average Net Price

$10,225

2022 Value

7.16%

1 Year Growth

In 2022 Ridgewater College had an average net price — the price paid after factoring in grants and loans — of $10,225. Between 2021 and 2022, the average net price of Ridgewater College grew by 7.16%.

This chart compares the average net price of Ridgewater 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

$7,720

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Ridgewater College was of $7,720 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

77%

Undergraduates Receiving Financial Aid through Grants

29%

Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at Ridgewater College received financial aid through grants or loans in 2022. This represents a growth of 10% with respect to 2021, when 70% of undergraduate students received financial aid.

This chart compares the average award discount at Ridgewater 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.

0.131%

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Ridgewater College was 0.131%, which represents 1 out of the 763 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.

Enrollment

Ridgewater College had a total enrollment of 2,904 students in 2022. The full-time enrollment at Ridgewater College is 1,583 students and the part-time enrollment is 1,321. This means that 54.5% of students enrolled at Ridgewater College are enrolled full-time.

The enrolled student population at Ridgewater College, both undergraduate and graduate, is 76.9% White, 11.1% Hispanic or Latino, 4.03% Black or African American, 2.41% Two or More Races, 1.48% Asian, 0.482% American Indian or Alaska Native, and 0.207% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Ridgewater College in full-time Undergraduate programs are most commonly White Female (45.6%), followed by White Male (32.7%) and Hispanic or Latino Female (6.76%).

Full-Time vs Part-Time Enrollment

54.5%

Full-Time Enrollment

The total enrollment at Ridgewater College in 2022, both undergraduate and graduate, is 2,904 students. The full-time enrollment at Ridgewater College is 1,583 and the part-time enrollment is 1,321. This means that 54.5% of students enrolled at Ridgewater College are enrolled full-time compared with 32.2% at similar Associates Colleges.

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

Retention Rate over Time

62%

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 Ridgewater College was 62%. Compared with the full-time retention rate at similar Associates Colleges (62%), Ridgewater College had a retention rate approximately the same as its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
2,234 enrolled students
Hispanic or Latino
321 enrolled students
Black or African American
117 enrolled students

The enrolled student population at Ridgewater College is 76.9% White, 11.1% Hispanic or Latino, 4.03% Black or African American, 2.41% Two or More Races, 1.48% Asian, 0.482% American Indian or Alaska Native, and 0.207% 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 Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% 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, 89 students (3.06%) did not report their race.

Graduates

In 2022, 220 more women than men received degrees from Ridgewater College. The most common race/ethnicity group of degree recipients at Ridgewater College is white (628 degrees awarded). There were 12.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (52 degrees).

The most common Associates Degree concentration at Ridgewater College is Liberal Arts & Sciences (208 degrees awarded), followed by Registered Nursing (72 degrees) and Early Childhood Education & Teaching (23 degrees).

In 2022, the most specialized majors across all degree types at Ridgewater College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering Technologies (56 degrees awarded), Construction (23 degrees), and Precision Production (30 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Ridgewater College are Registered nurses (1,403,796 people), Medical & health services managers (156,326 people), Nurse practitioners & nurse midwives (141,529 people), Pharmacists (135,090 people), and Other managers (124,687 people).

The most specialized majors at Ridgewater College in 2022 are Engineering Technologies (56 degrees awarded), Construction (23 degrees), Precision Production (30 degrees), Liberal Arts & Humanities (211 degrees), and Health (159 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 Ridgewater College are Surgeons, Cardiovascular technologists and technicians, Chief executives & legislators, Skincare specialists, and Broadcast announcers and radio disc jockeys

The most specialized majors at Ridgewater College are Engineering Technologies (56 degrees awarded), Construction (23 degrees), Precision Production (30 degrees), Liberal Arts & Humanities (211 degrees), and Health (159 degrees) (as of 2022).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Ridgewater College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,513,693 people), Elementary & secondary schools (333,252 people), Outpatient care centers (247,986 people), Offices of physicians (209,562 people), and Colleges, universities & professional schools, including junior colleges (172,350 people).

Majors Awarded

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

Most Common (2022)

Liberal Arts & Sciences
208 degrees awarded
Registered Nursing
72 degrees awarded
Early Childhood Education & Teaching
23 degrees awarded

In 2022, the most common associates degree concentration at Ridgewater College was Liberal Arts & Sciences with 208 degrees awarded.

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

Sex Breakdown for Common Majors

261

Degrees Awarded to Men

in 2022

481

Degrees Awarded to Women

in 2022

In 2022, 261 degrees were awarded to men at Ridgewater College, which is 0.543 times less than the number of degrees awarded to females (481).

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

Most Common Male Majors

In 2022, 62 degrees were awarded to men at Ridgewater College in Liberal Arts & Sciences, which is 0.416 times less than the 149 female recipients with that same degree.

Most Common Female Majors

In 2022, 149 degrees were awarded to men at Ridgewater College in Liberal Arts & Sciences, which is 2.4 times more than the 62 male recipients with that same degree.

Time to Complete

39%

100% Completion Time

45%

150% Completion Time

In 2022, 39% of students graduating from Ridgewater College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 45% completed their degrees within 150% of the normal time, and 47% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates 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 (75%)

The student demographic with the highest graduation rate in 2022 at Ridgewater College is Female and Asian (75% graduation rate). Across all Associates 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
628 degrees awarded
Hispanic or Latino
52 degrees awarded
Black or African American
23 degrees awarded

The most common race/ethnicity at Ridgewater College is white (628 degrees awarded). There were 12.1 times more white recipients than the next closest race/ethnicity group, hispanic or latino (52 degrees).

0.674% of degree recipients (5 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
404 degrees awarded
White Male
224 degrees awarded
Hispanic or Latino Female
35 degrees awarded

The most common race/ethnicity and sex grouping at Ridgewater College is white female (404 degrees awarded). There were 1.8 times more white female recipients than the next closest race/ethnicity group, white male (224 degrees).

Operations

Ridgewater College has an endowment valued at nearly $2.49M, as of the end of the 2022 fiscal year. The return on its endowment was of −44k (−1.77%) compared to the 0.843% average return (43.9k on 5.21M) across all Associates Colleges.

In 2022, Ridgewater College had a total salary expenditure of 40.2M. Ridgewater College employs 89 Instructors. Most academics at Ridgewater College are Male Instructor (46), and Female Instructor (43).

The most common positions for non-instructional staff at Ridgewater College are: Office and Administrative Support, with 24 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 22 employees, and Management with 11 employees.

Endowment

$2.49M

2022 Endowment

23.5%

decline from 2021

Ridgewater College has an endowment valued at about $2.49M, as of the end of the 2022 fiscal year. The endowment of Ridgewater College declined 23.5% from the previous year. The value of their endowment was $2.72M lower than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: Mixed Transfer/Career & Technical-High Traditional Carnegie Classification grouping.

Salary Expenditure

$18.2M

2022 Salaries

2.28%

decline from 2021

In 2022, Ridgewater College paid a median of $18.2M in salaries, which represents 45.2% of their overall expenditure ($40.2M) and a 2.28% decline from the previous year. This is compared to a 0.87% decline between 2020 and 2021, and a 0.16% decline between 2019 and 2020.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

Instructional Salaries

$6.44M

Instructional Salaries

Number of Employees

In 2022, Ridgewater College paid a total of $6.44M to 89 employees working as instructors, which represents 35.5% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

89 Employees

Office and Administrative Support

Most Common Non-Instructional Employee

24 Employees

In 2022, the most common positions for instructional staff at Ridgewater College was Instructor with 89 employees.

In 2022, the most common positions for non-instructional staff at Ridgewater College were Office and Administrative Support with 24 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 22 employees, and Management with 11 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Instructor
Female Instructor

In 2022, the most common demographic for instructional staff at Ridgewater College was Male Instructor with 46 employees, and Female Instructor with 43 employees.

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

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