University of Mount Olive

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2022 Undergraduate Tuition
$22,591
4.5% growth from 2021
2022 Average Net Price
$17,878
After Financial Aid
2019 Default Rate
2.43%
on Student Loans
2022 Acceptance Rate
74.6%
1,838 Applicants
2022 Enrolled Students
2,239
58.2% Full-Time
2022 Graduation Rate
48.7%
133 Graduates

About

University of Mount Olive is a higher education institution located in Wayne County, NC. In 2022, the most popular Bachelors Degree concentrations at University of Mount Olive were General Business Administration & Management (80 degrees awarded), Early Childhood Education & Teaching (59 degrees), and Criminal Justice - Safety Studies (40 degrees).

In 2022, 649 degrees were awarded across all undergraduate and graduate programs at University of Mount Olive. 64.9% of these degrees were awarded to women, and 35.1% awarded men. The most common race/ethnicity group of degree recipients was white (362 degrees), 2.48 times more than then the next closest race/ethnicity group, black or african american (146 degrees).

The median undergraduate tuition at University of Mount Olive is $22,591, which is $−5,739 less than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at University of Mount Olive is $22,591, which is $−5,739 less than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $17,878.

In 2022, 85% of undergraduate students attending University of Mount Olive received financial aid through grants. Comparatively, 67% of undergraduate students received financial aid through loans.

Tuition Costs

$22,591
2022 Undergraduate Tuition

In 2022, the cost of tuition at University of Mount Olive was $22,591. The cost of tuition at University of Mount Olive is $−5,739 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

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Average Net Price

$17,878
2022 Value
6.82%
1 Year Growth

In 2022 University of Mount Olive had an average net price — the price paid after factoring in grants and loans — of $17,878. Between 2021 and 2022, the average net price of University of Mount Olive grew by 6.82%.

This chart compares the average net price of University of Mount Olive (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

$7,705
Room and Board
$1,350
Books and Supplies

The average yearly cost of room and board at University of Mount Olive was of $7,705 in 2022. The cost of room and board increased by 2.75% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,350. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at University of Mount Olive (in red) with that of similar universities.

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Financial Aid by Income Level

85%
Undergraduates Receiving Financial Aid through Grants
67%
Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at University of Mount Olive received financial aid through grants or loans in 2022. This represents a growth of 3.66% with respect to 2021, when 82% of undergraduate students received financial aid.

This chart compares the average award discount at University of Mount Olive (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.
2.43%
2019 Default Rate
30
Number of Defaults

In 2019 the default rate for borrower's at University of Mount Olive was 2.43%, which represents 30 out of the 1233 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

University of Mount Olive received 1,838 undergraduate applications in 2022, which represents a 9.67% annual growth. Out of those 1,838 applicants, 1,371 students were accepted for enrollment, representing a 74.6% acceptance rate.

There were 2,239 students enrolled at University of Mount Olive in 2022. 14% of first-time enrollees submitted SAT scores with their applications.

University of Mount Olive has an overall enrollment yield of 19.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.6%
Acceptance Rate in 2022
1,371
Accepted Out of 1,838

In 2022, the undergraduate acceptance rate of University of Mount Olive was 74.6% (1,371 admissions from 1,838 applications). This is lower than the acceptance rate of 2021, which was 82.6%. Between 2021 and 2022, the number of applicants grew by 9.67%, while admissions declined by −0.939%..

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

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SAT Scores

14%
Submission Percentage (2021)
33
Scores Submitted (2021)

14% of enrolled first-time students at University of Mount Olive in 2021 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

University of Mount Olive had a total enrollment of 2,239 students in 2022. The full-time enrollment at University of Mount Olive is 1,304 students and the part-time enrollment is 935. This means that 58.2% of students enrolled at University of Mount Olive are enrolled full-time.

The enrolled student population at University of Mount Olive, both undergraduate and graduate, is 53.4% White, 26.2% Black or African American, 9.47% Hispanic or Latino, 4.96% Two or More Races, 0.581% American Indian or Alaska Native, 0.536% Asian, and 0.134% Native Hawaiian or Other Pacific Islanders.

Students enrolled at University of Mount Olive in full-time Undergraduate programs are most commonly White Female (33.6%), followed by White Male (21.8%) and Black or African American Female (11.5%). Students enrolled in full-time Graduate programs are most commonly White Female (50%), followed by Black or African American Female (23.7%) and Hispanic or Latino Female (9.32%).

Full-Time vs Part-Time Enrollment

58.2%
Full-Time Enrollment

The total enrollment at University of Mount Olive in 2022, both undergraduate and graduate, is 2,239 students. The full-time enrollment at University of Mount Olive is 1,304 and the part-time enrollment is 935. This means that 58.2% of students enrolled at University of Mount Olive are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

63%
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 University of Mount Olive was 63%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), University of Mount Olive had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    1,196 enrolled students
  2. Black or African American
    587 enrolled students
  3. Hispanic or Latino
    212 enrolled students

The enrolled student population at University of Mount Olive is 53.4% White, 26.2% Black or African American, 9.47% Hispanic or Latino, 4.96% Two or More Races, 0.581% American Indian or Alaska Native, 0.536% Asian, and 0.134% 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 Baccalaureate Colleges is 54.3% White, 13.8% Hispanic or Latino, and 13.1% 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, 32 students (1.43%) did not report their race.

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Graduates

In 2022, 193 more women than men received degrees from University of Mount Olive. The most common race/ethnicity group of degree recipients at University of Mount Olive is white (362 degrees awarded). There were 2.48 times more white recipients than the next closest race/ethnicity group, black or african american (146 degrees).

The most common Bachelor's Degree concentration at University of Mount Olive is General Business Administration & Management (80 degrees awarded), followed by Early Childhood Education & Teaching (59 degrees) and Criminal Justice - Safety Studies (40 degrees).

In 2022,  the most specialized majors across all degree types at University of Mount Olive, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (41 degrees awarded), Protective Services (40 degrees), and Business (200 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at University of Mount Olive are Elementary & middle school teachers (1,729,696 people), Accountants & auditors (1,057,230 people), Other managers (806,887 people), Secondary school teachers (524,551 people), and Financial managers (515,441 people).

The most specialized majors at University of Mount Olive in 2022 are Parks, Recreation, & Leisure (41 degrees awarded), Protective Services (40 degrees), Business (200 degrees), Education (78 degrees), and Public Administration and Social Service (21 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 University of Mount Olive are Surgeons, Physicians, Cardiovascular technologists and technicians, Photographic process workers & processing machine operators, and Aircraft pilots & flight engineers

The most specialized majors at University of Mount Olive are Parks, Recreation, & Leisure (41 degrees awarded), Protective Services (40 degrees), Business (200 degrees), Education (78 degrees), and Public Administration and Social Service (21 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 University of Mount Olive are Elementary & secondary schools (3,221,789 people), Colleges, universities & professional schools, including junior colleges (580,053 people), Computer Systems Design (548,757 people), Justice, public order, & safety activities (544,967 people), and Banking & related activities (516,513 people).

The most specialized majors at University of Mount Olive are Parks, Recreation, & Leisure (41 degrees awarded), Protective Services (40 degrees), Business (200 degrees), Education (78 degrees), and Public Administration and Social Service (21 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 University of Mount Olive.

In 2022, the most common bachelors degree concentration at University of Mount Olive was General Business Administration & Management with 80 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at University of Mount Olive according to their major.

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Sex Breakdown for Common Majors

228
Degrees Awarded to Men
in 2022
421
Degrees Awarded to Women
in 2022

In 2022, 228 degrees were awarded to men at University of Mount Olive, which is 0.542 times less than the number of degrees awarded to females (421).

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

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Most Common Male Majors

In 2022, 61 degrees were awarded to men at University of Mount Olive in General Business Administration & Management, which is 0.897 times less than the 68 female recipients with that same degree.

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Most Common Female Majors

In 2022, 68 degrees were awarded to men at University of Mount Olive in General Business Administration & Management, which is 1.11 times more than the 61 male recipients with that same degree.

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Time to Complete

37%
100% Completion Time
44%
150% Completion Time

In 2022, 37% of students graduating from University of Mount Olive completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 44% completed their degrees within 150% of the normal time, and 44% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Hispanic or Latino Female
Highest Graduation Rate (60%)

The student demographic with the highest graduation rate in 2022 at University of Mount Olive is Female and Hispanic or Latino (60% graduation rate). Across all Baccalaureate 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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 11.3% of graduates (15 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    362 degrees awarded
  2. Black or African American
    146 degrees awarded
  3. Hispanic or Latino
    50 degrees awarded

The most common race/ethnicity at University of Mount Olive is white (362 degrees awarded). There were 2.48 times more white recipients than the next closest race/ethnicity group, black or african american (146 degrees).

2.31% of degree recipients (15 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    244 degrees awarded
  2. White Male
    118 degrees awarded
  3. Black or African American Female
    105 degrees awarded

The most common race/ethnicity and sex grouping at University of Mount Olive is white female (244 degrees awarded). There were 2.07 times more white female recipients than the next closest race/ethnicity group, white male (118 degrees).

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Operations

University of Mount Olive has an endowment valued at nearly $36.3M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−11.3%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, University of Mount Olive had a total salary expenditure of 34.3M. University of Mount Olive employs 23 Assistant professors, 20 Associate professors and 16 Professors. Most academics at University of Mount Olive are Female Associate professor (13), Female Assistant professor (12), and Male Professor (11).

The most common positions for non-instructional staff at University of Mount Olive are: Management, with 45 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 32 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 30 employees.

Endowment

$36.3M
2022 Endowment
12.9%
decline from 2021

University of Mount Olive has an endowment valued at about $36.3M, as of the end of the 2022 fiscal year. The endowment of University of Mount Olive declined 12.9% from the previous year. The value of their endowment was $13M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at University of Mount Olive (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.

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Salary Expenditure

$15.4M
2022 Salaries
1.27%
decline from 2021

In 2022, University of Mount Olive paid a median of $15.4M in salaries, which represents 44.8% of their overall expenditure ($34.3M) and a 1.27% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

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Instructional Salaries

$4.3M
Instructional Salaries
63
Number of Employees

In 2022, University of Mount Olive paid a total of $4.3M to 63 employees working as instructors, which represents 28% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

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Occupations by Share

Assistant professor
Most Common Instructor
23 Employees
Management
Most Common Non-Instructional Employee
45 Employees

In 2022, the most common positions for instructional staff at University of Mount Olive were Assistant professor with 23 employees, Associate professor with 20 employees, and Professor with 16 employees.

In 2022, the most common positions for non-instructional staff at University of Mount Olive were Management with 45 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 32 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 30 employees.

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Instructors by Academic Rank and Sex

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

In 2022, the most common demographic for instructional staff at University of Mount Olive was Female Associate professor with 13 employees, Female Assistant professor with 12 employees, and Male Professor with 11 employees.

This chart shows the sex split between each academic rank present at University of Mount Olive.

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