Elon University

www.elon.edu/

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2021 Undergraduate Tuition

$38,218

2.15% growth from 2020

2021 Average Net Price

$40,366

After Financial Aid

2019 Student Loan

1.23%

Default Rate

2021 Acceptance Rate

77.7%

17,834 Applicants

2021 Enrolled Students

7,127

96.5% Full-Time

2021 Graduation Rate

83.3%

1,270 Graduates

About

Elon University is a higher education institution located in Alamance County, NC. In 2021, the most popular Bachelors Degree concentrations at Elon University were General Finance (159 degrees awarded), General Marketing & Marketing Management (136 degrees), and General Psychology (93 degrees).

In 2021, 1,958 degrees were awarded across all undergraduate and graduate programs at Elon University. 63.4% of these degrees were awarded to women, and 36.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,522 degrees), 10.5 times more than then the next closest race/ethnicity group, hispanic or latino (145 degrees).

The median undergraduate tuition at Elon University is $38,218, which is $15,034 more than the national average for Masters Colleges and Universities ($23,184).

Masters Colleges & Universities: Medium Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Elon University is $38,218, which is $15,034 more than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $40,366.

In 2021, 64% of undergraduate students attending Elon University received financial aid through grants. Comparatively, 26% of undergraduate students received financial aid through loans.

Tuition Costs

$38,218

2021 Undergraduate Tuition

In 2021, the cost of tuition at Elon University was $38,218. The cost of tuition at Elon University is $15,034 more than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$40,366

2021 Value

2.45%

1 Year Growth

In 2021 Elon University had an average net price — the price paid after factoring in grants and loans — of $40,366. Between 2020 and 2021, the average net price of Elon University grew by 2.45%.

This chart compares the average net price of Elon 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.

Other Student Expenses

$13,141

Room and Board

$900

Books and Supplies

The average yearly cost of room and board at Elon University was of $13,141 in 2021. The cost of room and board increased by 3.59% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $900. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

64%

Undergraduates Receiving Financial Aid through Grants

26%

Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Elon University received financial aid through grants or loans in 2021. This represents a growth of 3.23% with respect to 2020, when 62% of undergraduate students received financial aid.

This chart compares the average award discount at Elon 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.

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.

1.23%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Elon University was 1.23%, which represents 11 out of the 892 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.

Admissions

Elon University received 17,834 undergraduate applications in 2021, which represents a 16.5% annual growth. Out of those 17,834 applicants, 13,859 students were accepted for enrollment, representing a 77.7% acceptance rate.

There were 7,127 students enrolled at Elon University in 2021. 66% of first-time enrollees submitted SAT scores with their applications.

Elon University has an overall enrollment yield of 11.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

77.7%

Acceptance Rate in 2021

13,859

Accepted Out of 17,834

In 2021, the undergraduate acceptance rate of Elon University was 77.7% (13,859 admissions from 17,834 applications). This is higher than the acceptance rate of 2020, which was 71.7%. Between 2020 and 2021, the number of applicants grew by 16.5%, while admissions grew by 26.3%..

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

SAT Scores

66%

Submission Percentage (2020)

1,048

Scores Submitted (2020)

66% of enrolled first-time students at Elon University in 2020 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Elon University had a total enrollment of 7,127 students in 2021. The full-time enrollment at Elon University is 6,876 students and the part-time enrollment is 251. This means that 96.5% of students enrolled at Elon University are enrolled full-time.

The enrolled student population at Elon University, both undergraduate and graduate, is 78.7% White, 6.66% Black or African American, 6.26% Hispanic or Latino, 2.62% Two or More Races, 2.19% Asian, 0.154% American Indian or Alaska Native, and 0.014% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Elon University in full-time Undergraduate programs are most commonly White Female (48.1%), followed by White Male (31.7%) and Hispanic or Latino Female (3.46%). Students enrolled in full-time Graduate programs are most commonly White Female (43.5%), followed by White Male (26.5%) and Black or African American Female (9.45%).

Full-Time vs Part-Time Enrollment

96.5%

Full-Time Enrollment

The total enrollment at Elon University in 2021, both undergraduate and graduate, is 7,127 students. The full-time enrollment at Elon University is 6,876 and the part-time enrollment is 251. This means that 96.5% of students enrolled at Elon University are enrolled full-time compared with 68.3% at similar Masters Colleges and Universities.

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

Retention Rate over Time

88%

2021 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 Elon University was 88%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Elon University had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
5,606 enrolled students
Black or African American
475 enrolled students
Hispanic or Latino
446 enrolled students

The enrolled student population at Elon University is 78.7% White, 6.66% Black or African American, 6.26% Hispanic or Latino, 2.62% Two or More Races, 2.19% Asian, 0.154% American Indian or Alaska Native, and 0.014% 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 52% White, 16.9% Hispanic or Latino, and 12.8% 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, 101 students (1.42%) did not report their race.

Graduates

In 2021, 524 more women than men received degrees from Elon University. The most common race/ethnicity group of degree recipients at Elon University is white (1,522 degrees awarded). There were 10.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (145 degrees).

The most common Bachelor's Degree concentration at Elon University is General Finance (159 degrees awarded), followed by General Marketing & Marketing Management (136 degrees) and General Psychology (93 degrees).

In 2021, the most specialized majors across all degree types at Elon University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Legal (122 degrees awarded), Communications (158 degrees), and Parks, Recreation, & Leisure (75 degrees).

Common Jobs by Major

Other managers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Elon University are Other managers (219,394 people), Elementary & middle school teachers (208,252 people), Postsecondary teachers (117,340 people), Secondary school teachers (102,669 people), and Graphic designers (101,052 people).

The most specialized majors at Elon University in 2021 are Legal (122 degrees awarded), Communications (158 degrees), Parks, Recreation, & Leisure (75 degrees), Language & Linguistics (26 degrees), and Visual & Performing Arts (115 degrees) (as of 2021).

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 Elon University are Surgeons, Nuclear medicine technologists and medical dosimetrists, Physicians, Sales engineers, and Cardiovascular technologists and technicians

The most specialized majors at Elon University are Legal (122 degrees awarded), Communications (158 degrees), Parks, Recreation, & Leisure (75 degrees), Language & Linguistics (26 degrees), and Visual & Performing Arts (115 degrees) (as of 2021).

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 Elon University are Elementary & secondary schools (462,527 people), Colleges, universities & professional schools, including junior colleges (311,366 people), Computer Systems Design (178,384 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (174,490 people), and Advertising, public relations & related services (126,260 people).

Majors Awarded

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

Most Common (2021)

General Finance
159 degree-majors awarded
General Marketing & Marketing Management
136 degree-majors awarded
General Psychology
93 degree-majors awarded

In 2021, the most common bachelors degree concentration at Elon University was General Finance with 159 degrees awarded.

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

Sex Breakdown for Common Majors

717

Degrees Awarded to Men

in 2021

1,241

Degrees Awarded to Women

in 2021

In 2021, 717 degrees were awarded to men at Elon University, which is 0.578 times less than the number of degrees awarded to females (1,241).

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

Most Common Male Majors

In 2021, 114 degrees were awarded to men at Elon University in General Finance, which is 2.53 times more than the 45 female recipients with that same degree.

Most Common Female Majors

In 2021, 84 degrees were awarded to men at Elon University in General Marketing & Marketing Management, which is 1.62 times more than the 52 male recipients with that same degree.

Time to Complete

82%

100% Completion Time

85%

150% Completion Time

In 2021, 82% of students graduating from Elon University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 85% completed their degrees within 150% of the normal time, and 86% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Two or More Races Female

Highest Graduation Rate (90.9%)

The student demographic with the highest graduation rate in 2021 at Elon University is Female and Two or More Races (90.9% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.9%).

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, 0.551% of graduates (7 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,522 degrees awarded
Hispanic or Latino
145 degrees awarded
Black or African American
135 degrees awarded

The most common race/ethnicity at Elon University is white (1,522 degrees awarded). There were 10.5 times more white recipients than the next closest race/ethnicity group, hispanic or latino (145 degrees).

1.17% of degree recipients (23 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
953 degrees awarded
White Male
569 degrees awarded
Hispanic or Latino Female
97 degrees awarded

The most common race/ethnicity and sex grouping at Elon University is white female (953 degrees awarded). There were 1.67 times more white female recipients than the next closest race/ethnicity group, white male (569 degrees).

Operations

Elon University has an endowment valued at nearly $329M, as of the end of the 2021 fiscal year. The return on its endowment was of 77.6M (23.6%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Elon University had a total salary expenditure of 237M. Elon University employs 160 Associate professors, 134 Assistant professors and 92 Professors. Most academics at Elon University are Male Associate professor (82), Female Associate professor (78), and Female Assistant professor (76).

The most common positions for non-instructional staff at Elon University are: Service, with 162 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 148 employees, and Management with 129 employees.

Endowment

$329M

2021 Endowment

27%

growth from 2020

Elon University has an endowment valued at about $329M, as of the end of the 2021 fiscal year. The endowment of Elon University grew 27% from the previous year. The value of their endowment was $279M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Elon University (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.

Salary Expenditure

$106M

2021 Salaries

0.109%

growth from 2020

In 2021, Elon University paid a median of $106M in salaries, which represents 44.6% of their overall expenditure ($237M) and a 0.109% growth from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$39.7M

Instructional Salaries

456

Number of Employees

In 2021, Elon University paid a total of $39.7M to 456 employees working as instructors, which represents 37.5% of all salaries paid.

This is compared to a median of $11M (31.3%) for similar Masters Colleges and Universities.

Occupations by Share

Associate professor

Most Common Instructor

160 Employees

Service

Most Common Non-Instructional Employee

162 Employees

In 2021, the most common positions for instructional staff at Elon University were Associate professor with 160 employees, Assistant professor with 134 employees, and Professor with 92 employees.

In 2021, the most common positions for non-instructional staff at Elon University were Service with 162 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 148 employees, and Management with 129 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Associate professor
Female Associate professor
Female Assistant professor

In 2021, the most common demographic for instructional staff at Elon University was Male Associate professor with 82 employees, Female Associate professor with 78 employees, and Female Assistant professor with 76 employees.

This chart shows the sex split between each academic rank present at Elon University.