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Economic score
Alma College is a private regional college located in Alma, Michigan. Alma College is moderately inclusive in their admissions.
Return on educational investment at Alma College is in the bottom 50% of all ranked schools. The median student earns $49,625 10 years after enrolling, 22nd in Michigan, and in the top 50% nationally. When adjusted for earning differences by major, Alma College bachelor students earn 20% less than the national average. Alma College is ranked 29th in Michigan.
Alma College’s median net annual cost of $23,200 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Alma College sorted by number of graduates - Psychology, Biology, Business Administration, Education, Registered Nursing, Comms & Media Studies - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$23,200
Average years to graduate
4.3
Accounting
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 3.67
English Language & Lit
Rank: #372
Economic score: 17.4
Marketing
Rank: #399
Economic score: 22.94
The average full-time graduate completes their degree in 4.3 years. 66% of all students graduate within 8 years including part-time students. The graduation rate at Alma College is 5% higher than the state average, and 18% above the average for all regional colleges in the country.
At Alma College, Pell Grant recipients represent 25% of the measured graduating class, 10% lower than the national average of 35%. The average Pell Grant recipient at Alma College graduates within 4.5 years.
Alma College is in the bottom 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Alma College’s economic mobility score of 9.81 is calculated by adjusting the 4.54 economic score of lower-income students by the 25% pell grant recipients within the student body. Alma College’s EMS of 9.81 ranks in the bottom 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 50%
The average Title IV recipient at Alma College pays $23,200 a year, $34,472 less than the $57,672 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $23,200
Much of the gap between net price and sticker price is filled by institutional and government grants. At Alma College, 100% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $23,200 on average to be covered by the student – be it through loans or out of pocket. In total, 65% of students take out loans, federal or private, at an average amount of $9,297. This is 11% more than the national average.
Federal grants
$5,671
Pell grants
$4,744
State grants
$2,742
Institutional grants
$30,611
Alma College's moderately inclusive admissions are indicated by their 69% acceptance rate. In 2021, the school had 2,908 applicants, of which 2,000 were admitted and 319 enrolled. Alma College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Alma College does not consider standardized testing in their admissions process.
Full time
100%
83%
Female
55%
59%
First time
88%
59%
In-state
88%
68%
1st generation
24%
35%
White
81%
52%
Black
4%
14%
Hispanic
5%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
9%
12%