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Economic score
Finlandia University is a private regional college located in Hancock, Michigan. Finlandia University is very inclusive in their admissions.
Return on educational investment at Finlandia University is in the bottom 25% of all ranked schools. The median student earns $37,894 10 years after enrolling, 36th in Michigan, and in the bottom 25% nationally. When adjusted for earning differences by major, Finlandia University bachelor students earn 18% less than the national average.
Finlandia University’s median net annual cost of $18,281 and average years to graduate of 4.4 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 1 programs at Finlandia University sorted by number of graduates - Registered Nursing - are shown below.
Annual net cost
$18,281
Average years to graduate
4.4
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 4.4 years. 43% of all students graduate within 8 years including part-time students. The graduation rate at Finlandia University is 18% lower than the state average, and 6% below the average for all regional colleges in the country.
At Finlandia University, Pell Grant recipients represent 50% of the measured graduating class, 15% higher than the national average of 35%. The average Pell Grant recipient at Finlandia University graduates within 4.3 years.
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.
Finlandia University’s economic mobility score of 8.85 is calculated by adjusting the 7.81 economic score of lower-income students by the 50% pell grant recipients within the student body. Finlandia University’s EMS of 8.85 ranks in the bottom 25% nationally. Please note that the economic mobility score considers only students that have graduated.
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 25%
The average Title IV recipient at Finlandia University pays $18,281 a year, $19,395 less than the $37,676 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 $18,281
Much of the gap between net price and sticker price is filled by institutional and government grants. At Finlandia University, 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 $18,281 on average to be covered by the student – be it through loans or out of pocket. In total, 79% of students take out loans, federal or private, at an average amount of $7,948. This is 25% more than the national average.
Federal grants
$6,106
Pell grants
$4,392
State grants
$3,687
Institutional grants
$18,660
Finlandia University's very inclusive admissions are indicated by their 78% acceptance rate. In 2021, the school had 1,836 applicants, of which 1,436 were admitted and 127 enrolled. Finlandia University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Finlandia University does not consider standardized testing in their admissions process.
Full time
91%
83%
Female
42%
59%
First time
60%
59%
In-state
48%
68%
1st generation
37%
35%
White
59%
52%
Black
6%
14%
Hispanic
8%
15%
Asian
1%
5%
American Indian
2%
1.6%
Pacific Islander
N/A
0.3%
Other
24%
12%