Oakwood University

www.oakwood.edu

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2024 Undergraduate Tuition

$21,344

3% growth from 2023

2024 Average Net Price

$26,730

After Financial Aid

2024 Acceptance Rate

45.2%

1,873 Applicants

2024 Enrolled Students

1,226

92.8% Full-Time

2024 Graduation Rate

44.6%

139 Graduates

About

Oakwood University is a higher education institution located in Madison County, AL. In 2024, the most popular Bachelors Degree concentrations at Oakwood University were General Psychology (19 degrees awarded), General Studies (18 degrees), and General Biomedical Sciences (17 degrees).

In 2024, 198 degrees were awarded across all undergraduate and graduate programs at Oakwood University. 65.2% of these degrees were awarded to women, and 34.8% awarded men. The most common race/ethnicity group of degree recipients was black or african american (171 degrees), 21.4 times more than then the next closest race/ethnicity group, hispanic or latino (8 degrees).

The median undergraduate tuition at Oakwood University is $21,344, which is $−8,644 less than the national average for Baccalaureate Colleges ($29,988).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Oakwood University is $21,344, which is $8,644 less than the national average for Baccalaureate Colleges ($29,988).

After taking grants and loans into account, the average net price for students is $26,730.

In 2024, 93% of undergraduate students attending Oakwood University received financial aid through grants. Comparatively, 57% of undergraduate students received financial aid through loans.

Tuition Costs

$21,344

2024 Undergraduate Tuition

In 2024, the cost of tuition at Oakwood University was $21,344. The cost of tuition at Oakwood University is $−8,644 less than than the overall (public and private) national average for Baccalaureate Colleges ($29,988).

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

Average Net Price

$26,730

2024 Value

17.1%

1 Year Growth

In 2024 Oakwood University had an average net price — the price paid after factoring in grants and loans — of $26,730. Between 2023 and 2024, the average net price of Oakwood University grew by 17.1%.

This chart compares the average net price of Oakwood 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.

Financial Aid by Income Level

93%

Undergraduates Receiving Financial Aid through Grants

57%

Undergraduates Receiving Financial Aid through Loans

93% of undergraduate students at Oakwood University received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, when 93% of undergraduate students received financial aid.

This chart compares the average award discount at Oakwood 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.

Admissions

Oakwood University received 1,873 undergraduate applications in 2024, which represents a 21% annual growth. Out of those 1,873 applicants, 847 students were accepted for enrollment, representing a 45.2% acceptance rate.

There were 1,226 students enrolled at Oakwood University in 2024. 45% of first-time enrollees submitted SAT scores with their applications.

Oakwood University has an overall enrollment yield of 30.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

45.2%

Acceptance Rate in 2024

847

Accepted Out of 1,873

In 2024, the undergraduate acceptance rate of Oakwood University was 45.2% (847 admissions from 1,873 applications). This is lower than the acceptance rate of 2023, which was 50.5%. Between 2023 and 2024, the number of applicants declined by 21%, while admissions declined by 29.2%.

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

SAT Scores

45%

Submission Percentage (2019)

136

Scores Submitted (2019)

45% of enrolled first-time students at Oakwood University in 2019 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

Oakwood University had a total enrollment of 1,226 students in 2024. The full-time enrollment at Oakwood University is 1,138 students and the part-time enrollment is 88. This means that 92.8% of students enrolled at Oakwood University are enrolled full-time.

The enrolled student population at Oakwood University, both undergraduate and graduate, is 63.6% Black or African American, 7.91% Hispanic or Latino, 2.37% Two or More Races, 1.47% Asian, 1.31% White, and 0.163% American Indian or Alaska Native.

Students enrolled at Oakwood University in full-time Undergraduate programs are most commonly Black or African American Female (38.4%), followed by Black or African American Male (29.2%) and Hispanic or Latino Female (4.35%). Students enrolled in full-time Graduate programs are most commonly Black or African American Female (50.9%), followed by Black or African American Male (22.8%) and Hispanic or Latino Female (7.02%).

Full-Time vs Part-Time Enrollment

92.8%

Full-Time Enrollment

The total enrollment at Oakwood University in 2024, both undergraduate and graduate, is 1,226 students. The full-time enrollment at Oakwood University is 1,138 and the part-time enrollment is 88. This means that 92.8% of students enrolled at Oakwood University are enrolled full-time compared with 78.4% at similar Baccalaureate Colleges.

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

Retention Rate over Time

71%

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 Oakwood University was 71%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), Oakwood University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

Black or African American
780 enrolled students
Hispanic or Latino
97 enrolled students
Two or More Races
29 enrolled students

The enrolled student population at Oakwood University is 63.6% Black or African American, 7.91% Hispanic or Latino, 2.37% Two or More Races, 1.47% Asian, 1.31% White, and 0.163% 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 51.9% White, 13.9% Hispanic or Latino, and 12.8% Black or African American.

Graduates

In 2024, 60 more women than men received degrees from Oakwood University. The most common race/ethnicity group of degree recipients at Oakwood University is black or african american (171 degrees awarded). There were 21.4 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

The most common Bachelor's Degree concentration at Oakwood University is General Psychology (19 degrees awarded), followed by General Studies (18 degrees) and General Biomedical Sciences (17 degrees).

In 2024, the most specialized majors across all degree types at Oakwood University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (11 degrees awarded), Biology (32 degrees), and Public Administration and Social Service (14 degrees).

Common Jobs by Major

Physicians

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Oakwood University are Physicians (453,657 people), Other managers (268,882 people), Social workers, all other (247,149 people), Postsecondary teachers (220,047 people), and Elementary & middle school teachers (219,739 people).

The most specialized majors at Oakwood University in 2024 are Theology (11 degrees awarded), Biology (32 degrees), Public Administration and Social Service (14 degrees), Psychology (19 degrees), and Math & Statistics (4 degrees) (as of 2024).

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 Oakwood University are Surgeons, Magnetic resonance imaging technologists, Securities, commodities, & financial services sales agents, Cardiovascular technologists and technicians, and Physicians

The most specialized majors at Oakwood University are Theology (11 degrees awarded), Biology (32 degrees), Public Administration and Social Service (14 degrees), Psychology (19 degrees), and Math & Statistics (4 degrees) (as of 2024).

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 Oakwood University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (730,624 people), Elementary & secondary schools (696,853 people), Colleges, universities & professional schools, including junior colleges (539,187 people), Outpatient care centers (322,569 people), and Individual & family services (243,422 people).

Majors Awarded

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

Most Common (2024)

General Studies
1 degrees awarded
Audiology & Speech-Language Pathology
1 degrees awarded

In 2024, the most common associates degree concentration at Oakwood University was General Studies with 1 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2024

129

Degrees Awarded to Women

in 2024

In 2024, 69 degrees were awarded to men at Oakwood University, which is 0.535 times less than the number of degrees awarded to females (129).

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

Most Common Male Majors

In 2024, 8 degrees were awarded to men at Oakwood University in General Studies, which is 0.727 times less than the 11 female recipients with that same degree.

Most Common Female Majors

In 2024, 17 degrees were awarded to men at Oakwood University in General Psychology, which is 8.5 times more than the 2 male recipients with that same degree.

Time to Complete

34%

100% Completion Time

46%

150% Completion Time

In 2024, 34% of students graduating from Oakwood University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 46% completed their degrees within 150% of the normal time, and 48% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

Black or African American
171 degrees awarded
Hispanic or Latino
8 degrees awarded
White
2 degrees awarded

The most common race/ethnicity at Oakwood University is black or african american (171 degrees awarded). There were 21.4 times more black or african american recipients than the next closest race/ethnicity group, hispanic or latino (8 degrees).

1.01% of degree recipients (2 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

Black or African American Female
114 degrees awarded
Black or African American Male
57 degrees awarded
Hispanic or Latino Female
5 degrees awarded

The most common race/ethnicity and sex grouping at Oakwood University is black or african american female (114 degrees awarded). There were 2 times more black or african american female recipients than the next closest race/ethnicity group, black or african american male (57 degrees).

Operations

Oakwood University has an endowment valued at nearly $9.76M, as of the end of the 2024 fiscal year. The return on its endowment was of 2.32M (23.8%) compared to the 8.99% average return (4.98M on 55.4M) across all Baccalaureate Colleges.

In 2024, Oakwood University had a total salary expenditure of 65.8M. Oakwood University employs 47 Assistant professors, 28 Associate professors and 24 Professors. Most academics at Oakwood University are Female Assistant professor (24), Male Assistant professor (23), and Female Associate professor (18).

The most common positions for non-instructional staff at Oakwood University are: Office and Administrative Support, with 47 employees, Management, with 41 employees, and Service with 34 employees.

Endowment

$9.76M

2024 Endowment

28.4%

decline from 2023

Oakwood University has an endowment valued at about $9.76M, as of the end of the 2024 fiscal year. The endowment of Oakwood University declined 28.4% from the previous year. The value of their endowment was $45.7M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Oakwood University (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: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$17.5M

2024 Salaries

growth from 2023

In 2024, Oakwood University paid a median of $17.5M in salaries, which represents 26.7% of their overall expenditure ($65.8M) and a 0% growth from the previous year.

Instructional Salaries

$5.66M

Instructional Salaries

Number of Employees

In 2024, Oakwood University paid a total of $5.66M to 99 employees working as instructors, which represents 32.3% of all salaries paid.

This is compared to a median of $556k (3.18%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Oakwood University were Office and Administrative Support with 47 employees, Management with 41 employees, and Service with 34 employees.

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