Granite State College

www.granite.edu

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2022 Undergraduate Tuition

$7,536

2022 Average Net Price

$11,850

After Financial Aid

2019 Default Rate

1.13%

on Student Loans

2022 Enrolled Students

1,425

43% Full-Time

2022 Graduation Rate

4.55%

1 Graduates

About

Granite State College is a higher education institution located in Merrimack County, NH. In 2022, the most popular Bachelors Degree concentrations at Granite State College were General Psychology (54 degrees awarded), Registered Nursing (45 degrees), and Other Multidisciplinary Studies (40 degrees).

In 2022, 586 degrees were awarded across all undergraduate and graduate programs at Granite State College. 71.2% of these degrees were awarded to women, and 28.8% awarded men. The most common race/ethnicity group of degree recipients was white (505 degrees), 15.8 times more than then the next closest race/ethnicity group, hispanic or latino (32 degrees).

The median undergraduate tuition at Granite State College is $7,536, which is $−20,794 less than the national average for Baccalaureate Colleges ($28,330).

In 2019 the default rate for borrower's at Granite State College was 1.13%, corresponding to 10 out of the 884 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Granite State College is $7,536, which is $20,794 less than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $11,850.

In 2022, 73% of undergraduate students attending Granite State College received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$7,536

2022 Undergraduate Tuition

In 2022, the cost of tuition at Granite State College was $7,536. The cost of tuition at Granite State College is $−20,794 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

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

Average Net Price

$11,850

2022 Value

1.25%

1 Year Growth

In 2022 Granite State College had an average net price — the price paid after factoring in grants and loans — of $11,850. Between 2021 and 2022, the average net price of Granite State College grew by 1.25%.

This chart compares the average net price of Granite State 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

$9,828

Room and Board

$900

Books and Supplies

The average yearly cost of room and board at Granite State College was of $9,828 in 2022. The cost of room and board did not change between 2021 and 2022.

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 Granite State College (in red) with that of similar universities.

Financial Aid by Income Level

73%

Undergraduates Receiving Financial Aid through Grants

47%

Undergraduates Receiving Financial Aid through Loans

73% of undergraduate students at Granite State College received financial aid through grants or loans in 2022. This represents a growth of 2.82% with respect to 2021, when 71% of undergraduate students received financial aid.

This chart compares the average award discount at Granite State 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.

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.

1.13%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Granite State College was 1.13%, which represents 10 out of the 884 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.

Enrollment

Granite State College had a total enrollment of 1,425 students in 2022. The full-time enrollment at Granite State College is 613 students and the part-time enrollment is 812. This means that 43% of students enrolled at Granite State College are enrolled full-time.

The enrolled student population at Granite State College, both undergraduate and graduate, is 85.3% White, 5.4% Hispanic or Latino, 3.3% Black or African American, 1.82% Two or More Races, 1.26% Asian, 0.211% American Indian or Alaska Native, and 0.0702% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Granite State College in full-time Undergraduate programs are most commonly White Female (61.7%), followed by White Male (22.8%) and Hispanic or Latino Female (3.97%). Students enrolled in full-time Graduate programs are most commonly White Female (76.5%), followed by White Male (14.7%) and Asian Female (2.94%).

Full-Time vs Part-Time Enrollment

43%

Full-Time Enrollment

The total enrollment at Granite State College in 2022, both undergraduate and graduate, is 1,425 students. The full-time enrollment at Granite State College is 613 and the part-time enrollment is 812. This means that 43% of students enrolled at Granite State College are enrolled full-time compared with N/A% at similar Baccalaureate Colleges.

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

Retention Rate over Time

40%

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 Granite State College was 40%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Granite State College had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
1,216 enrolled students
Hispanic or Latino
77 enrolled students
Black or African American
47 enrolled students

The enrolled student population at Granite State College is 85.3% White, 5.4% Hispanic or Latino, 3.3% Black or African American, 1.82% Two or More Races, 1.26% Asian, 0.211% American Indian or Alaska Native, and 0.0702% 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.

Graduates

In 2022, 248 more women than men received degrees from Granite State College. The most common race/ethnicity group of degree recipients at Granite State College is white (505 degrees awarded). There were 15.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (32 degrees).

The most common Bachelor's Degree concentration at Granite State College is General Psychology (54 degrees awarded), followed by Registered Nursing (45 degrees) and Other Multidisciplinary Studies (40 degrees).

In 2022, the most specialized majors across all degree types at Granite State College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Interdisciplinary Studies (63 degrees awarded), Education (126 degrees), and Psychology (54 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 Granite State College are Elementary & middle school teachers (1,825,816 people), Accountants & auditors (1,077,449 people), Other managers (862,955 people), Secondary school teachers (539,770 people), and Financial managers (528,806 people).

The most specialized majors at Granite State College in 2022 are Interdisciplinary Studies (63 degrees awarded), Education (126 degrees), Psychology (54 degrees), Public Administration and Social Service (26 degrees), and Business (154 degrees) (as of 2022).

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 Granite State College are Surgeons, Cardiovascular technologists and technicians, Aircraft pilots & flight engineers, Physicians, and Financial examiners

The most specialized majors at Granite State College are Interdisciplinary Studies (63 degrees awarded), Education (126 degrees), Psychology (54 degrees), Public Administration and Social Service (26 degrees), and Business (154 degrees) (as of 2022).

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 Granite State College are Elementary & secondary schools (3,512,017 people), Colleges, universities & professional schools, including junior colleges (712,585 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (671,920 people), Computer Systems Design (605,354 people), and Banking & related activities (535,578 people).

Majors Awarded

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

Most Common (2022)

General Psychology
54 degrees awarded
Registered Nursing
45 degrees awarded
Other Multidisciplinary Studies
40 degrees awarded

In 2022, the most common bachelors degree concentration at Granite State College was General Psychology with 54 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Granite State College according to their major.

Sex Breakdown for Common Majors

169

Degrees Awarded to Men

in 2022

417

Degrees Awarded to Women

in 2022

In 2022, 169 degrees were awarded to men at Granite State College, which is 0.405 times less than the number of degrees awarded to females (417).

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

Most Common Male Majors

In 2022, 30 degrees were awarded to men at Granite State College in Other Multidisciplinary Studies, which is 3 times more than the 10 female recipients with that same degree.

Most Common Female Majors

In 2022, 45 degrees were awarded to men at Granite State College in General Psychology, which is 5 times more than the 9 male recipients with that same degree.

Time to Complete

100% Completion Time

15%

150% Completion Time

In 2022, 3% of students graduating from Granite State College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 15% completed their degrees within 150% of the normal time, and 24% 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.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (10%)

The student demographic with the highest graduation rate in 2022 at Granite State College is Female and White (10% 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
505 degrees awarded
Hispanic or Latino
32 degrees awarded
Black or African American
15 degrees awarded

The most common race/ethnicity at Granite State College is white (505 degrees awarded). There were 15.8 times more white recipients than the next closest race/ethnicity group, hispanic or latino (32 degrees).

2.05% of degree recipients (12 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
363 degrees awarded
White Male
142 degrees awarded
Hispanic or Latino Female
19 degrees awarded

The most common race/ethnicity and sex grouping at Granite State College is white female (363 degrees awarded). There were 2.56 times more white female recipients than the next closest race/ethnicity group, white male (142 degrees).

Operations

Granite State College has an endowment valued at nearly $10.1M, as of the end of the 2022 fiscal year. The return on its endowment was of −401k (−3.97%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Granite State College had a total salary expenditure of 17.1M. Granite State College employs 11 Lecturers. Most academics at Granite State College are Female Lecturer (9), and Male Lecturer (2).

The most common positions for non-instructional staff at Granite State College are: Management, with 25 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 20 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 13 employees.

Endowment

$10.1M

2022 Endowment

4.38%

decline from 2021

This line chart shows how the endowment at Granite State College (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.

Salary Expenditure

$8.79M

2022 Salaries

7.73%

decline from 2021

In 2022, Granite State College paid a median of $8.79M in salaries, which represents 51.5% of their overall expenditure ($17.1M) and a 7.73% decline from the previous year. This is compared to a 6.05% decline between 2020 and 2021, and a 2.84% growth between 2019 and 2020.

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

Instructional Salaries

$871k

Instructional Salaries

Number of Employees

In 2022, Granite State College paid a total of $871k to 11 employees working as instructors, which represents 9.91% of all salaries paid.

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

Occupations by Share

Lecturer

Most Common Instructor

11 Employees

Management

Most Common Non-Instructional Employee

25 Employees

In 2022, the most common positions for instructional staff at Granite State College was Lecturer with 11 employees.

In 2022, the most common positions for non-instructional staff at Granite State College were Management with 25 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 20 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 13 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female Lecturer
Male Lecturer

In 2022, the most common demographic for instructional staff at Granite State College was Female Lecturer with 9 employees, and Male Lecturer with 2 employees.

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

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