Averett University

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2022 Undergraduate Tuition
$37,640
2.01% growth from 2021
2022 Average Net Price
$23,781
After Financial Aid
2019 Default Rate
2.35%
on Student Loans
2022 Acceptance Rate
76%
2,324 Applicants
2022 Enrolled Students
1,363
76.3% Full-Time
2022 Graduation Rate
46%
109 Graduates

About

Averett University is a higher education institution located in Danville city, VA. In 2022, the most popular Masters Degree concentrations at Averett University were General Business Administration & Management (39 degrees awarded), General Educational Leadership & Administration (29 degrees), and Curriculum & Instruction (18 degrees).

In 2022, 374 degrees were awarded across all undergraduate and graduate programs at Averett University. 55.9% of these degrees were awarded to women, and 44.1% awarded men. The most common race/ethnicity group of degree recipients was white (212 degrees), 2.38 times more than then the next closest race/ethnicity group, black or african american (89 degrees).

The median undergraduate tuition at Averett University is $37,640, which is $9,310 more than the national average for Baccalaureate Colleges ($28,330).

Costs

In 2022, the median undergraduate tuition at Averett University is $37,640, which is $9,310 more than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $23,781.

In 2022, 94% of undergraduate students attending Averett University received financial aid through grants. Comparatively, 68% of undergraduate students received financial aid through loans.

Tuition Costs

$37,640
2022 Undergraduate Tuition

In 2022, the cost of tuition at Averett University was $37,640. The cost of tuition at Averett University is $9,310 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

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Average Net Price

$23,781
2022 Value
4.88%
1 Year Growth

In 2022 Averett University had an average net price — the price paid after factoring in grants and loans — of $23,781. Between 2021 and 2022, the average net price of Averett University grew by 4.88%.

This chart compares the average net price of Averett 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.

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Other Student Expenses

$7,958
Room and Board
$1,000
Books and Supplies

The average yearly cost of room and board at Averett University was of $7,958 in 2022. The cost of room and board increased by 1.4% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

94%
Undergraduates Receiving Financial Aid through Grants
68%
Undergraduates Receiving Financial Aid through Loans

94% of undergraduate students at Averett University received financial aid through grants or loans in 2022. This represents a growth of 4.44% with respect to 2021, when 90% of undergraduate students received financial aid.

This chart compares the average award discount at Averett 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.

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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.
2.35%
2019 Default Rate
14
Number of Defaults

In 2019 the default rate for borrower's at Averett University was 2.35%, which represents 14 out of the 595 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

Averett University received 2,324 undergraduate applications in 2022, which represents a 32.9% annual growth. Out of those 2,324 applicants, 1,767 students were accepted for enrollment, representing a 76% acceptance rate.

There were 1,363 students enrolled at Averett University in 2022. 4% of first-time enrollees submitted SAT scores with their applications.

Averett University has an overall enrollment yield of 14.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

76%
Acceptance Rate in 2022
1,767
Accepted Out of 2,324

In 2022, the undergraduate acceptance rate of Averett University was 76% (1,767 admissions from 2,324 applications). This is higher than the acceptance rate of 2021, which was 47.7%. Between 2021 and 2022, the number of applicants grew by 32.9%, while admissions grew by 6.96%..

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

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SAT Scores

4%
Submission Percentage (2022)
11
Scores Submitted (2022)

4% of enrolled first-time students at Averett University in 2022 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

Averett University had a total enrollment of 1,363 students in 2022. The full-time enrollment at Averett University is 1,040 students and the part-time enrollment is 323. This means that 76.3% of students enrolled at Averett University are enrolled full-time.

The enrolled student population at Averett University, both undergraduate and graduate, is 50.5% White, 28.2% Black or African American, 4.33% Hispanic or Latino, 4.18% Two or More Races, 1.61% Asian, 0.88% American Indian or Alaska Native, and 0.293% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Averett University in full-time Undergraduate programs are most commonly White Male (24.9%), followed by White Female (23.9%) and Black or African American Male (17%). Students enrolled in full-time Graduate programs are most commonly White Female (38.9%), followed by Black or African American Female (33.3%) and White Male (27.8%).

Full-Time vs Part-Time Enrollment

76.3%
Full-Time Enrollment

The total enrollment at Averett University in 2022, both undergraduate and graduate, is 1,363 students. The full-time enrollment at Averett University is 1,040 and the part-time enrollment is 323. This means that 76.3% of students enrolled at Averett University are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Averett University (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 Averett University was 63%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Averett University had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    688 enrolled students
  2. Black or African American
    385 enrolled students
  3. Hispanic or Latino
    59 enrolled students

The enrolled student population at Averett University is 50.5% White, 28.2% Black or African American, 4.33% Hispanic or Latino, 4.18% Two or More Races, 1.61% Asian, 0.88% American Indian or Alaska Native, and 0.293% 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, 49 students (3.6%) did not report their race.

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Graduates

In 2022, 44 more women than men received degrees from Averett University. The most common race/ethnicity group of degree recipients at Averett University is white (212 degrees awarded). There were 2.38 times more white recipients than the next closest race/ethnicity group, black or african american (89 degrees).

The most common Masters Degree concentration at Averett University is General Business Administration & Management (39 degrees awarded), followed by General Educational Leadership & Administration (29 degrees) and Curriculum & Instruction (18 degrees).

In 2022,  the most specialized majors across all degree types at Averett University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (33 degrees awarded), Transportation (14 degrees), and Protective Services (30 degrees).

Common Jobs by Major

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Averett University are Elementary & middle school teachers (1,712,713 people), Accountants & auditors (1,052,307 people), Other managers (791,485 people), Secondary school teachers (519,876 people), and Financial managers (510,673 people).

The most specialized majors at Averett University in 2022 are Parks, Recreation, & Leisure (33 degrees awarded), Transportation (14 degrees), Protective Services (30 degrees), Education (65 degrees), and Business (119 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 Averett University are Physicians, Surgeons, Photographic process workers & processing machine operators, Nurse anesthetists, and Personal financial advisors

The most specialized majors at Averett University are Parks, Recreation, & Leisure (33 degrees awarded), Transportation (14 degrees), Protective Services (30 degrees), Education (65 degrees), and Business (119 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 Averett University are Elementary & secondary schools (3,152,665 people), Colleges, universities & professional schools, including junior colleges (554,348 people), Computer Systems Design (546,420 people), Justice, public order, & safety activities (521,601 people), and Banking & related activities (510,860 people).

The most specialized majors at Averett University are Parks, Recreation, & Leisure (33 degrees awarded), Transportation (14 degrees), Protective Services (30 degrees), Education (65 degrees), and Business (119 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 Averett University.

In 2022, the most common bachelors degree concentration at Averett University was General Business Administration & Management with 38 degrees awarded.

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

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Sex Breakdown for Common Majors

165
Degrees Awarded to Men
in 2022
209
Degrees Awarded to Women
in 2022

In 2022, 165 degrees were awarded to men at Averett University, which is 0.789 times less than the number of degrees awarded to females (209).

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

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Most Common Male Majors

In 2022, 32 degrees were awarded to men at Averett University in General Business Administration & Management, which is 0.696 times less than the 46 female recipients with that same degree.

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Most Common Female Majors

In 2022, 46 degrees were awarded to men at Averett University in General Business Administration & Management, which is 1.44 times more than the 32 male recipients with that same degree.

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Time to Complete

42%
100% Completion Time
50%
150% Completion Time

In 2022, 42% of students graduating from Averett University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 50% completed their degrees within 150% of the normal time, and 53% 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.
Asian Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Averett University is Female and Asian (100% 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, 0% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    212 degrees awarded
  2. Black or African American
    89 degrees awarded
  3. Hispanic or Latino
    10 degrees awarded

The most common race/ethnicity at Averett University is white (212 degrees awarded). There were 2.38 times more white recipients than the next closest race/ethnicity group, black or african american (89 degrees).

4.81% of degree recipients (18 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    125 degrees awarded
  2. White Male
    87 degrees awarded
  3. Black or African American Female
    50 degrees awarded

The most common race/ethnicity and sex grouping at Averett University is white female (125 degrees awarded). There were 1.44 times more white female recipients than the next closest race/ethnicity group, white male (87 degrees).

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Operations

Averett University has an endowment valued at nearly $26.7M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−7.34%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Averett University had a total salary expenditure of 39.9M. Averett University employs 22 Associate professors, 17 Assistant professors and 13 Professors. Most academics at Averett University are Female Associate professor (13), Male Professor (9), and Male Associate professor (9).

The most common positions for non-instructional staff at Averett University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 56 employees, Management, with 37 employees, and Office and Administrative Support with 29 employees.

Endowment

$26.7M
2022 Endowment
14%
decline from 2021

Averett University has an endowment valued at about $26.7M, as of the end of the 2022 fiscal year. The endowment of Averett University declined 14% from the previous year. The value of their endowment was $22.6M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Averett 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.

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Salary Expenditure

$14M
2022 Salaries
3.02%
growth from 2021

In 2022, Averett University paid a median of $14M in salaries, which represents 35% of their overall expenditure ($39.9M) and a 3.02% growth from the previous year.

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

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Instructional Salaries

$3.24M
Instructional Salaries
55
Number of Employees

In 2022, Averett University paid a total of $3.24M to 55 employees working as instructors, which represents 23.2% 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

Associate professor
Most Common Instructor
22 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
56 Employees

In 2022, the most common positions for instructional staff at Averett University were Associate professor with 22 employees, Assistant professor with 17 employees, and Professor with 13 employees.

In 2022, the most common positions for non-instructional staff at Averett University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 56 employees, Management with 37 employees, and Office and Administrative Support with 29 employees.

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Instructors by Academic Rank and Sex

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

In 2022, the most common demographic for instructional staff at Averett University was Female Associate professor with 13 employees, Male Professor with 9 employees, and Male Associate professor with 9 employees.

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

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