Alverno College

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2022 Undergraduate Tuition
$31,008
1.97% growth from 2021
2022 Average Net Price
$18,097
After Financial Aid
2019 Default Rate
1.53%
on Student Loans
2022 Acceptance Rate
89.9%
652 Applicants
2022 Enrolled Students
1,596
73.9% Full-Time
2022 Graduation Rate
52.2%
83 Graduates

About

Alverno College is a higher education institution located in Milwaukee County, WI. In 2022, the most popular Bachelors Degree concentrations at Alverno College were Registered Nursing (99 degrees awarded), General Education (20 degrees), and Elementary Education & Teaching (19 degrees).

In 2022, 614 degrees were awarded across all undergraduate and graduate programs at Alverno College. 93.2% of these degrees were awarded to women, and 6.84% awarded men. The most common race/ethnicity group of degree recipients was white (338 degrees), 2.49 times more than then the next closest race/ethnicity group, hispanic or latino (136 degrees).

The median undergraduate tuition at Alverno College is $31,008, which is $7,012 more than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Alverno College is $31,008, which is $7,012 more than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $18,097.

In 2022, 87% of undergraduate students attending Alverno College received financial aid through grants. Comparatively, 64% of undergraduate students received financial aid through loans.

Tuition Costs

$31,008
2022 Undergraduate Tuition

In 2022, the cost of tuition at Alverno College was $31,008. The cost of tuition at Alverno College is $7,012 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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Average Net Price

$18,097
2022 Value
0.8%
1 Year Growth

In 2022 Alverno College had an average net price — the price paid after factoring in grants and loans — of $18,097. Between 2021 and 2022, the average net price of Alverno College grew by 0.8%.

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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

$8,433
Room and Board
$768
Books and Supplies

The average yearly cost of room and board at Alverno College was of $8,433 in 2022. The cost of room and board increased by 6.14% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $768. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

87%
Undergraduates Receiving Financial Aid through Grants
64%
Undergraduates Receiving Financial Aid through Loans

87% of undergraduate students at Alverno College received financial aid through grants or loans in 2022. This represents a decline of 2.25% with respect to 2021, when 89% of undergraduate students received financial aid.

This chart compares the average award discount at Alverno 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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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.
1.53%
2019 Default Rate
11
Number of Defaults

In 2019 the default rate for borrower's at Alverno College was 1.53%, which represents 11 out of the 718 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.

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Admissions

Alverno College received 652 undergraduate applications in 2022, which represents a 2.1% annual growth. Out of those 652 applicants, 586 students were accepted for enrollment, representing a 89.9% acceptance rate.

There were 1,596 students enrolled at Alverno College in 2022.

Alverno College has an overall enrollment yield of 22.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

89.9%
Acceptance Rate in 2022
586
Accepted Out of 652

In 2022, the undergraduate acceptance rate of Alverno College was 89.9% (586 admissions from 652 applications). This is lower than the acceptance rate of 2021, which was 90.8%. Between 2021 and 2022, the number of applicants grew by 2.1%, while admissions declined by −3.14%..

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

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Enrollment

Alverno College had a total enrollment of 1,596 students in 2022. The full-time enrollment at Alverno College is 1,180 students and the part-time enrollment is 416. This means that 73.9% of students enrolled at Alverno College are enrolled full-time.

The enrolled student population at Alverno College, both undergraduate and graduate, is 43.9% White, 25.4% Hispanic or Latino, 18% Black or African American, 5.64% Asian, 3.88% Two or More Races, 0.251% American Indian or Alaska Native, and 0.0627% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Alverno College in full-time Undergraduate programs are most commonly Hispanic or Latino Female (41.6%), followed by White Female (30.4%) and Black or African American Female (16.4%). Students enrolled in full-time Graduate programs are most commonly White Female (46.8%), followed by Black or African American Female (16.5%) and Hispanic or Latino Female (12.9%).

Full-Time vs Part-Time Enrollment

73.9%
Full-Time Enrollment

The total enrollment at Alverno College in 2022, both undergraduate and graduate, is 1,596 students. The full-time enrollment at Alverno College is 1,180 and the part-time enrollment is 416. This means that 73.9% of students enrolled at Alverno College are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

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

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Retention Rate over Time

72%
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 Alverno College was 72%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Alverno College had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    700 enrolled students
  2. Hispanic or Latino
    406 enrolled students
  3. Black or African American
    288 enrolled students

The enrolled student population at Alverno College is 43.9% White, 25.4% Hispanic or Latino, 18% Black or African American, 5.64% Asian, 3.88% Two or More Races, 0.251% American Indian or Alaska Native, and 0.0627% 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 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 33 students (2.07%) did not report their race.

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Graduates

In 2022, 530 more women than men received degrees from Alverno College. The most common race/ethnicity group of degree recipients at Alverno College is white (338 degrees awarded). There were 2.49 times more white recipients than the next closest race/ethnicity group, hispanic or latino (136 degrees).

The most common Bachelor's Degree concentration at Alverno College is Registered Nursing (99 degrees awarded), followed by General Education (20 degrees) and Elementary Education & Teaching (19 degrees).

In 2022,  the most specialized majors across all degree types at Alverno College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Education (162 degrees awarded), Psychology (69 degrees), and Health (264 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Alverno College are Elementary & middle school teachers (1,703,593 people), Registered nurses (1,499,033 people), Secondary school teachers (495,308 people), Education administrators (323,723 people), and Social workers, all other (290,845 people).

The most specialized majors at Alverno College in 2022 are Education (162 degrees awarded), Psychology (69 degrees), Health (264 degrees), Public Administration and Social Service (16 degrees), and Language & Linguistics (3 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Alverno College are Surgeons, Cardiovascular technologists and technicians, Nuclear medicine technologists and medical dosimetrists, Aircraft pilots & flight engineers, and Physicians

The most specialized majors at Alverno College are Education (162 degrees awarded), Psychology (69 degrees), Health (264 degrees), Public Administration and Social Service (16 degrees), and Language & Linguistics (3 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Alverno College are Elementary & secondary schools (3,268,224 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,800,436 people), Colleges, universities & professional schools, including junior colleges (537,274 people), Outpatient care centers (472,443 people), and Individual & family services (304,919 people).

The most specialized majors at Alverno College are Education (162 degrees awarded), Psychology (69 degrees), Health (264 degrees), Public Administration and Social Service (16 degrees), and Language & Linguistics (3 degrees) (as of 2022).

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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 Alverno College.
Most Common (2022)
  1. 95 degrees awarded
  2. 30 degrees awarded
  3. 25 degrees awarded

In 2022, the most common masters degree concentration at Alverno College was Registered Nursing with 95 degrees awarded.

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

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Sex Breakdown for Common Majors

42
Degrees Awarded to Men
in 2022
572
Degrees Awarded to Women
in 2022

In 2022, 42 degrees were awarded to men at Alverno College, which is 0.0734 times less than the number of degrees awarded to females (572).

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

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Most Common Male Majors

In 2022, 9 degrees were awarded to men at Alverno College in Registered Nursing, which is 0.0486 times less than the 185 female recipients with that same degree.

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Most Common Female Majors

In 2022, 185 degrees were awarded to men at Alverno College in Registered Nursing, which is 20.6 times more than the 9 male recipients with that same degree.

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Time to Complete

22%
100% Completion Time
43%
150% Completion Time

In 2022, 22% of students graduating from Alverno College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 43% completed their degrees within 150% of the normal time, and 45% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (64.3%)

The student demographic with the highest graduation rate in 2022 at Alverno College is Female and White (64.3% graduation rate). Across all Masters Colleges and Universities, 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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    338 degrees awarded
  2. Hispanic or Latino
    136 degrees awarded
  3. Black or African American
    90 degrees awarded

The most common race/ethnicity at Alverno College is white (338 degrees awarded). There were 2.49 times more white recipients than the next closest race/ethnicity group, hispanic or latino (136 degrees).

0% of degree recipients (0 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    308 degrees awarded
  2. Hispanic or Latino Female
    131 degrees awarded
  3. Black or African American Female
    87 degrees awarded

The most common race/ethnicity and sex grouping at Alverno College is white female (308 degrees awarded). There were 2.35 times more white female recipients than the next closest race/ethnicity group, hispanic or latino female (131 degrees).

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Operations

Alverno College has an endowment valued at nearly $35.5M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−17.3%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Alverno College had a total salary expenditure of 42.3M. Alverno College employs 40 Assistant professors, 27 Professors and 20 Associate professors. Most academics at Alverno College are Female Assistant professor (35), Female Associate professor (19), and Female Professor (18).

The most common positions for non-instructional staff at Alverno College are: Management, with 71 employees, Public service, with 34 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 32 employees.

Endowment

$35.5M
2022 Endowment
14.8%
decline from 2021

Alverno College has an endowment valued at about $35.5M, as of the end of the 2022 fiscal year. The endowment of Alverno College declined 14.8% from the previous year. The value of their endowment was $11.1M 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 Alverno 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: Medium Programs Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts
  1. $5.19M - Federal
  2. $334k - State
  3. $12k - Local

As of 2022, Alverno College received $5.19M in grants and contracts from the federal government, $334k from state grants and contracts, and $12k from local grants and contracts.

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Salary Expenditure

$19.3M
2022 Salaries
0.99%
growth from 2021

In 2022, Alverno College paid a median of $19.3M in salaries, which represents 45.7% of their overall expenditure ($42.3M) and a 0.99% growth from the previous year.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

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Instructional Salaries

$5.49M
Instructional Salaries
87
Number of Employees

In 2022, Alverno College paid a total of $5.49M to 87 employees working as instructors, which represents 28.4% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Assistant professor
Most Common Instructor
40 Employees
Management
Most Common Non-Instructional Employee
71 Employees

In 2022, the most common positions for instructional staff at Alverno College were Assistant professor with 40 employees, Professor with 27 employees, and Associate professor with 20 employees.

In 2022, the most common positions for non-instructional staff at Alverno College were Management with 71 employees, Public service with 34 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 32 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Assistant professor
  2. Female Associate professor
  3. Female Professor

In 2022, the most common demographic for instructional staff at Alverno College was Female Assistant professor with 35 employees, Female Associate professor with 19 employees, and Female Professor with 18 employees.

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

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