Thomas College

www.thomas.edu

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2024 Undergraduate Tuition

$30,718

3% growth from 2023

2024 Average Net Price

$19,126

After Financial Aid

2024 Acceptance Rate

96.3%

974 Applicants

2024 Enrolled Students

1,635

42.9% Full-Time

2024 Graduation Rate

53.3%

130 Graduates

About

Thomas College is a higher education institution located in Kennebec County, ME. In 2024, the most popular Masters Degree concentrations at Thomas College were General Business Administration & Management (34 degrees awarded), General Education (10 degrees), and Computer & Information Systems Security (6 degrees).

In 2024, 235 degrees were awarded across all undergraduate and graduate programs at Thomas College. 53.6% of these degrees were awarded to women, and 46.4% awarded men. The most common race/ethnicity group of degree recipients was white (201 degrees), 18.3 times more than then the next closest race/ethnicity group, black or african american (11 degrees).

The median undergraduate tuition at Thomas College is $30,718, which is $6,718 more than the national average for Masters Colleges and Universities ($24,000).

Masters Colleges & Universities: Small Programs Masters Colleges and Universities

Costs

In 2024, the median undergraduate tuition at Thomas College is $30,718, which is $6,718 more than the national average for Masters Colleges and Universities ($24,000).

After taking grants and loans into account, the average net price for students is $19,126.

In 2024, 42% of undergraduate students attending Thomas College received financial aid through grants. Comparatively, 33% of undergraduate students received financial aid through loans.

Tuition Costs

$30,718

2024 Undergraduate Tuition

In 2024, the cost of tuition at Thomas College was $30,718. The cost of tuition at Thomas College is $6,718 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,000).

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

Average Net Price

$19,126

2024 Value

1.29%

1 Year Growth

In 2024 Thomas College had an average net price — the price paid after factoring in grants and loans — of $19,126. Between 2023 and 2024, the average net price of Thomas College grew by 1.29%.

This chart compares the average net price of Thomas 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

$11,339

Room and Board

$800

Books and Supplies

The average yearly cost of room and board at Thomas College was of $11,339 in 2024. The cost of room and board increased by 22.6% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $800. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

42%

Undergraduates Receiving Financial Aid through Grants

33%

Undergraduates Receiving Financial Aid through Loans

42% of undergraduate students at Thomas College received financial aid through grants or loans in 2024. This represents a growth of 5% with respect to 2023, when 40% of undergraduate students received financial aid.

This chart compares the average award discount at Thomas 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.

Admissions

Thomas College received 974 undergraduate applications in 2024, which represents a 14.2% annual growth. Out of those 974 applicants, 938 students were accepted for enrollment, representing a 96.3% acceptance rate.

There were 1,635 students enrolled at Thomas College in 2024.

Thomas College has an overall enrollment yield of 16.1%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

96.3%

Acceptance Rate in 2024

938

Accepted Out of 974

In 2024, the undergraduate acceptance rate of Thomas College was 96.3% (938 admissions from 974 applications). This is lower than the acceptance rate of 2023, which was 97.1%. Between 2023 and 2024, the number of applicants grew by 14.2%, while admissions grew by 13.3%.

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

Enrollment

Thomas College had a total enrollment of 1,635 students in 2024. The full-time enrollment at Thomas College is 701 students and the part-time enrollment is 934. This means that 42.9% of students enrolled at Thomas College are enrolled full-time.

The enrolled student population at Thomas College, both undergraduate and graduate, is 77.5% White, 5.02% Two or More Races, 3.24% Black or African American, 1.22% Asian, 0.979% Hispanic or Latino, 0.612% American Indian or Alaska Native, and 0.122% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Thomas College in full-time Undergraduate programs are most commonly White Female (39.2%), followed by White Male (34.2%) and Black or African American Male (2.91%). Students enrolled in full-time Graduate programs are most commonly White Male (45.1%), followed by White Female (36.3%) and Two or More Races Female (2.94%).

Full-Time vs Part-Time Enrollment

42.9%

Full-Time Enrollment

The total enrollment at Thomas College in 2024, both undergraduate and graduate, is 1,635 students. The full-time enrollment at Thomas College is 701 and the part-time enrollment is 934. This means that 42.9% of students enrolled at Thomas College are enrolled full-time compared with 67.1% at similar Masters Colleges and Universities.

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

Retention Rate over Time

77%

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 Thomas College was 77%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Thomas College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2024)

White
1,267 enrolled students
Two or More Races
82 enrolled students
Black or African American
53 enrolled students

The enrolled student population at Thomas College is 77.5% White, 5.02% Two or More Races, 3.24% Black or African American, 1.22% Asian, 0.979% Hispanic or Latino, 0.612% American Indian or Alaska Native, and 0.122% 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 Masters Colleges and Universities is 47.4% White, 18.8% Hispanic or Latino, and 13.6% 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, 138 students (8.44%) did not report their race.

Graduates

In 2024, 17 more women than men received degrees from Thomas College. The most common race/ethnicity group of degree recipients at Thomas College is white (201 degrees awarded). There were 18.3 times more white recipients than the next closest race/ethnicity group, black or african american (11 degrees).

The most common Masters Degree concentration at Thomas College is General Business Administration & Management (34 degrees awarded), followed by General Education (10 degrees) and Computer & Information Systems Security (6 degrees).

In 2024, the most specialized majors across all degree types at Thomas College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Natural Resources & Conservation (5 degrees awarded), Protective Services (18 degrees), and Business (102 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Thomas College are Elementary & middle school teachers (1,735,360 people), Accountants & auditors (1,064,152 people), Other managers (943,097 people), Financial managers (570,687 people), and Secondary school teachers (567,121 people).

The most specialized majors at Thomas College in 2024 are Natural Resources & Conservation (5 degrees awarded), Protective Services (18 degrees), Business (102 degrees), Education (30 degrees), and Psychology (19 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 Thomas College are Surgeons, Diagnostic medical sonographers, Physicians, Nurse anesthetists, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Thomas College are Natural Resources & Conservation (5 degrees awarded), Protective Services (18 degrees), Business (102 degrees), Education (30 degrees), and Psychology (19 degrees) (as of 2024).

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 Thomas College are Elementary & secondary schools (3,483,994 people), Colleges, universities & professional schools, including junior colleges (727,877 people), Computer Systems Design (678,499 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (628,833 people), and Justice, public order, & safety activities (589,483 people).

Majors Awarded

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

Most Common (2024)

General Business
5 degrees awarded
Liberal Arts & Sciences
1 degrees awarded
Accounting
1 degrees awarded

In 2024, the most common associates degree concentration at Thomas College was General Business with 5 degrees awarded.

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

Sex Breakdown for Common Majors

109

Degrees Awarded to Men

in 2024

126

Degrees Awarded to Women

in 2024

In 2024, 109 degrees were awarded to men at Thomas College, which is 0.865 times less than the number of degrees awarded to females (126).

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

Most Common Male Majors

In 2024, 31 degrees were awarded to men at Thomas College in General Business Administration & Management, which is 1.19 times more than the 26 female recipients with that same degree.

Most Common Female Majors

In 2024, 26 degrees were awarded to men at Thomas College in General Business Administration & Management, which is 0.839 times less than the 31 male recipients with that same degree.

Time to Complete

43%

100% Completion Time

49%

150% Completion Time

In 2024, 43% of students graduating from Thomas College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 49% completed their degrees within 150% of the normal time, and 51% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
201 degrees awarded
Black or African American
11 degrees awarded
Two or More Races
10 degrees awarded

The most common race/ethnicity at Thomas College is white (201 degrees awarded). There were 18.3 times more white recipients than the next closest race/ethnicity group, black or african american (11 degrees).

2.55% of degree recipients (6 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
136 degrees awarded
White Female
133 degrees awarded
White Female
129 degrees awarded

The most common race/ethnicity and sex grouping at Thomas College is white female (136 degrees awarded). There were 1.02 times more white female recipients than the next closest race/ethnicity group, white female (133 degrees).

Operations

Thomas College has an endowment valued at nearly $25.3M, as of the end of the 2024 fiscal year. The return on its endowment was of 4.84M (19.1%) compared to the 9.2% average return (4.22M on 45.9M) across all Masters Colleges and Universities.

In 2024, Thomas College had a total salary expenditure of 24.8M. Thomas College employs 14 Associate professors, 13 Professors and 11 Assistant professors. Most academics at Thomas College are Male Professor (10), Female Associate professor (8), and Female Assistant professor (6).

The most common positions for non-instructional staff at Thomas College are: Management, with 26 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 22 employees, and Office and Administrative Support with 20 employees.

Endowment

$25.3M

2024 Endowment

20.4%

growth from 2023

Thomas College has an endowment valued at about $25.3M, as of the end of the 2024 fiscal year. The endowment of Thomas College grew 20.4% from the previous year. The value of their endowment was $20.5M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

Salary Expenditure

$10.2M

2024 Salaries

6.06%

growth from 2023

In 2024, Thomas College paid a median of $10.2M in salaries, which represents 41.1% of their overall expenditure ($24.8M) and a 6.06% growth from the previous year. This is compared to a 2.27% decline between 2022 and 2023, and a 7.13% growth between 2021 and 2022.

Instructional Salaries

$2.68M

Instructional Salaries

Number of Employees

In 2024, Thomas College paid a total of $2.68M to 39 employees working as instructors, which represents 26.3% of all salaries paid.

This is compared to a median of $965k (3.13%) for similar Masters Colleges and Universities.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Thomas College were Management with 26 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 22 employees, and Office and Administrative Support with 20 employees.

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