Payback
EarningsPlus
Economic score
Carolina University is a private regional university located in Winston-Salem, North Carolina. Carolina University is selective in their admissions.
Return on educational investment at Carolina University is in the bottom 25% of all ranked schools. The median student earns $34,596 10 years after enrolling, 48th in North Carolina, and in the bottom 10% nationally. When adjusted for earning differences by major, Carolina University bachelor students earn 0% more than the national average. Carolina University is ranked 31st in North Carolina.
Carolina University’s median net annual cost of $14,466 and average years to graduate of 4.5 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 2 programs at Carolina University sorted by number of graduates - Biblical Studies, Theological Studies - are shown below.
Annual net cost
$14,466
Average years to graduate
4.5
The average full-time graduate completes their degree in 4.5 years. 56% of all students graduate within 8 years including part-time students. The graduation rate at Carolina University is 0% higher than the state average, and 1% below the average for all regional universities in the country.
At Carolina University, Pell Grant recipients represent 61% of the measured graduating class, 26% higher than the national average of 35%. The average Pell Grant recipient at Carolina University graduates within 4.4 years.
Carolina University is in the top 5% 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.
Carolina University’s economic mobility score of 6.46 is calculated by adjusting the 10.88 economic score of lower-income students by the 61% pell grant recipients within the student body. Carolina University’s EMS of 6.46 ranks in the bottom 10% 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 10%
The average Title IV recipient at Carolina University pays $14,466 a year, $12,814 less than the $27,280 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 $14,466
Much of the gap between net price and sticker price is filled by institutional and government grants. At Carolina University, 95% 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 $14,466 on average to be covered by the student – be it through loans or out of pocket. In total, 57% of students take out loans, federal or private, at an average amount of $5,689. This is 3% more than the national average.
Federal grants
$5,527
Pell grants
$4,794
Institutional grants
$7,802
Carolina University offers 16 online bachelor programs, all of which are held exclusively online. At the master’s level Carolina University offers 11 programs, all of which are held exclusively online. We use the IPEDS July '20 — July '21 Distance Education report to determine which programs are online. EarningsPlus data is provided when available.
Online programs
27
Percentage of programs online
90%
Carolina University's selective admissions are indicated by their 46% acceptance rate. In 2021, the school had 536 applicants, of which 248 were admitted and 95 enrolled. Carolina University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Carolina University does not consider standardized testing in their admissions process.
Full time
79%
83%
Female
48%
59%
First time
46%
59%
In-state
60%
68%
1st generation
33%
35%
White
54%
52%
Black
19%
14%
Hispanic
12%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
14%
12%