Nichols College

www.nichols.edu

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2024 Undergraduate Tuition
$41,115
5.9% growth from 2023
2024 Average Net Price
$32,337
After Financial Aid
2024 Acceptance Rate
80.8%
2,296 Applicants
2024 Enrolled Students
1,392
80.8% Full-Time
2024 Graduation Rate
62.6%
221 Graduates

About

Nichols College is a higher education institution located in Worcester County, MA. In 2024, the most popular Masters Degree concentrations at Nichols College were General Business Administration & Management (71 degrees awarded), Terrorism & Counterterrorism Operations (27 degrees), and Accounting (18 degrees).

In 2024, 369 degrees were awarded across all undergraduate and graduate programs at Nichols College. 40.1% of these degrees were awarded to women, and 59.9% awarded men. The most common race/ethnicity group of degree recipients was white (278 degrees), 7.94 times more than then the next closest race/ethnicity group, hispanic or latino (35 degrees).

The median undergraduate tuition at Nichols College is $41,115, which is $25,406 more than the national average for Special Focus Institutions ($15,710).

Special Focus Four-Year: Business & Management SchoolsSpecial Focus Institutions

Costs

In 2024, the median undergraduate tuition at Nichols College is $41,115, which is $25,406 more than the national average for Special Focus Institutions ($15,710).

After taking grants and loans into account, the average net price for students is $32,337.

In 2024, 91% of undergraduate students attending Nichols College received financial aid through grants. Comparatively, 69% of undergraduate students received financial aid through loans.

Tuition Costs

$41,115
2024 Undergraduate Tuition

In 2024, the cost of tuition at Nichols College was $41,115. The cost of tuition at Nichols College is $25,406 more than than the overall (public and private) national average for Special Focus Institutions ($15,710).

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Average Net Price

$32,337
2024 Value
4.21%
1 Year Growth

In 2024 Nichols College had an average net price — the price paid after factoring in grants and loans — of $32,337. Between 2023 and 2024, the average net price of Nichols College grew by 4.21%.

This chart compares the average net price of Nichols 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.

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Other Student Expenses

$11,675
Room and Board
$1,500
Books and Supplies

The average yearly cost of room and board at Nichols College was of $11,675 in 2024. The cost of room and board increased by 4.85% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies increased by 7.14% during the same period.

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Financial Aid by Income Level

91%
Undergraduates Receiving Financial Aid through Grants
69%
Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Nichols College received financial aid through grants or loans in 2024. This represents a decline of 4.21% with respect to 2023, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Nichols 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.

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Admissions

Nichols College received 2,296 undergraduate applications in 2024, which represents a 8.46% annual growth. Out of those 2,296 applicants, 1,856 students were accepted for enrollment, representing a 80.8% acceptance rate.

There were 1,392 students enrolled at Nichols College in 2024. 12% of first-time enrollees submitted SAT scores with their applications.

Nichols College has an overall enrollment yield of 18.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

80.8%
Acceptance Rate in 2024
1,856
Accepted Out of 2,296

In 2024, the undergraduate acceptance rate of Nichols College was 80.8% (1,856 admissions from 2,296 applications). This is lower than the acceptance rate of 2023, which was 88.1%. Between 2023 and 2024, the number of applicants grew by 8.46%, while admissions declined by 0.536%.

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

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SAT Scores

12%
Submission Percentage (2024)
40
Scores Submitted (2024)

12% of enrolled first-time students at Nichols College in 2024 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.

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Enrollment

Nichols College had a total enrollment of 1,392 students in 2024. The full-time enrollment at Nichols College is 1,125 students and the part-time enrollment is 267. This means that 80.8% of students enrolled at Nichols College are enrolled full-time.

The enrolled student population at Nichols College, both undergraduate and graduate, is 73.7% White, 10.4% Hispanic or Latino, 6.75% Black or African American, 3.09% Two or More Races, 1.36% Asian, and 0.287% American Indian or Alaska Native.

Students enrolled at Nichols College in full-time Undergraduate programs are most commonly White Male (48.5%), followed by White Female (24.4%) and Hispanic or Latino Male (6.71%). Students enrolled in full-time Graduate programs are most commonly White Male (46.7%), followed by White Female (34.2%) and Hispanic or Latino Female (3.33%).

Full-Time vs Part-Time Enrollment

80.8%
Full-Time Enrollment

The total enrollment at Nichols College in 2024, both undergraduate and graduate, is 1,392 students. The full-time enrollment at Nichols College is 1,125 and the part-time enrollment is 267. This means that 80.8% of students enrolled at Nichols College are enrolled full-time compared with 71.4% at similar Special Focus Institutions.

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

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Retention Rate over Time

72%
2024 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 Nichols College was 72%. Compared with the full-time retention rate at similar Special Focus Institutions (75%), Nichols College had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)
  1. White
    1,026 enrolled students
  2. Hispanic or Latino
    145 enrolled students
  3. Black or African American
    94 enrolled students

The enrolled student population at Nichols College is 73.7% White, 10.4% Hispanic or Latino, 6.75% Black or African American, 3.09% Two or More Races, 1.36% Asian, and 0.287% 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 Special Focus Institutions is 40.5% White, 19.9% Hispanic or Latino, and 15.7% 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 (1.94%) did not report their race.

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Graduates

In 2024, 73 fewer women than men received degrees from Nichols College. The most common race/ethnicity group of degree recipients at Nichols College is white (278 degrees awarded). There were 7.94 times more white recipients than the next closest race/ethnicity group, hispanic or latino (35 degrees).

The most common Masters Degree concentration at Nichols College is General Business Administration & Management (71 degrees awarded), followed by Terrorism & Counterterrorism Operations (27 degrees) and Accounting (18 degrees).

In 2024,  the most specialized majors across all degree types at Nichols College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (27 degrees awarded), Protective Services (51 degrees), and Business (262 degrees).

Common Jobs by Major

Accountants & auditors
Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Nichols College are Accountants & auditors (1,049,965 people), Other managers (906,818 people), Financial managers (559,609 people), Chief executives & legislators (448,293 people), and Elementary & middle school teachers (369,847 people).

The most specialized majors at Nichols College in 2024 are Parks, Recreation, & Leisure (27 degrees awarded), Protective Services (51 degrees), Business (262 degrees), Psychology (22 degrees), and Interdisciplinary Studies (4 degrees) (as of 2024).

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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 Nichols College are Surgeons, Physicians, Photographic process workers & processing machine operators, Nuclear medicine technologists and medical dosimetrists, and Nurse anesthetists

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (27 degrees awarded), Protective Services (51 degrees), Business (262 degrees), Psychology (22 degrees), and Interdisciplinary Studies (4 degrees) (as of 2024).

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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 Nichols College are Elementary & secondary schools (1,072,414 people), Computer Systems Design (681,261 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (676,923 people), Colleges, universities & professional schools, including junior colleges (610,899 people), and Justice, public order, & safety activities (574,047 people).

The most specialized majors at Nichols College are Parks, Recreation, & Leisure (27 degrees awarded), Protective Services (51 degrees), Business (262 degrees), Psychology (22 degrees), and Interdisciplinary Studies (4 degrees) (as of 2024).

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Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Nichols College.
General Business
Most Common (2024)
4 degrees awarded

In 2024, the most common associates degree concentration at Nichols College was General Business with 4 degrees awarded.

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

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Sex Breakdown for Common Majors

221
Degrees Awarded to Men
in 2024
148
Degrees Awarded to Women
in 2024

In 2024, 221 degrees were awarded to men at Nichols College, which is 1.49 times more than the number of degrees awarded to females (148).

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

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Most Common Male Majors

In 2024, 47 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 1.12 times more than the 42 female recipients with that same degree.

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Most Common Female Majors

In 2024, 42 degrees were awarded to men at Nichols College in General Business Administration & Management, which is 0.894 times less than the 47 male recipients with that same degree.

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Time to Complete

51%
100% Completion Time
58%
150% Completion Time

In 2024, 51% of students graduating from Nichols College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 58% completed their degrees within 150% of the normal time, and 59% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)
  1. White
    278 degrees awarded
  2. Hispanic or Latino
    35 degrees awarded
  3. Black or African American
    19 degrees awarded

The most common race/ethnicity at Nichols College is white (278 degrees awarded). There were 7.94 times more white recipients than the next closest race/ethnicity group, hispanic or latino (35 degrees).

1.9% of degree recipients (7 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2024)
  1. White Male
    166 degrees awarded
  2. White Female
    112 degrees awarded
  3. Hispanic or Latino Male
    23 degrees awarded

The most common race/ethnicity and sex grouping at Nichols College is white male (166 degrees awarded). There were 1.48 times more white male recipients than the next closest race/ethnicity group, white female (112 degrees).

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Operations

Nichols College has an endowment valued at nearly $31.7M, as of the end of the 2024 fiscal year. The return on its endowment was of 5.38M (17%) compared to the 4.13% average return (558k on 13.5M) across all Special Focus Institutions.

In 2024, Nichols College had a total salary expenditure of 43.5M. Nichols College employs 23 Assistant professors, 18 Associate professors and 8 Professors. Most academics at Nichols College are Male Associate professor (13), Male Assistant professor (12), and Female Assistant professor (11).

The most common positions for non-instructional staff at Nichols College are: Management, with 59 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 27 employees, and Office and Administrative Support with 15 employees.

Endowment

$31.7M
2024 Endowment
4.78%
growth from 2023

Nichols College has an endowment valued at about $31.7M, as of the end of the 2024 fiscal year. The endowment of Nichols College grew 4.78% from the previous year. The value of their endowment was $18.2M higher than than the median endowment of Special Focus Institutions according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Business & Management Schools Carnegie Classification grouping.

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Salary Expenditure

$16.2M
2024 Salaries
0%
growth from 2023

In 2024, Nichols College paid a median of $16.2M in salaries, which represents 37.2% of their overall expenditure ($43.5M) and a 0% growth from the previous year.

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Instructional Salaries

$4.28M
Instructional Salaries
49
Number of Employees

In 2024, Nichols College paid a total of $4.28M to 49 employees working as instructors, which represents 26.5% of all salaries paid.

This is compared to a median of $216k (5.94%) for similar Special Focus Institutions.

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Occupations by Share

In 2024, the most common positions for non-instructional staff at Nichols College were Management with 59 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 27 employees, and Office and Administrative Support with 15 employees.

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