Payback
EarningsPlus
Economic score
Merrimack College is a private regional university located in North Andover, Massachusetts. Merrimack College is very inclusive in their admissions.
Return on educational investment at Merrimack College is in the top 50% of all ranked schools. The median student earns $76,392 10 years after enrolling, 12th in Massachusetts, and in the top 5% nationally. When adjusted for earning differences by major, Merrimack College bachelor students earn 5% less than the national average. Merrimack College is ranked 23rd in Massachusetts.
Merrimack College’s median net annual cost of $34,367 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Merrimack College sorted by number of graduates - Human Development & Family, Business Administration, Criminal Justice, Psychology, Biology, Civil Engineering - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$34,367
Average years to graduate
4.2
Electrical Engineering
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 3.79
Computer Science
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.43
Mechanical Engineering
Rank: #276
Economic score: 5.67
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 3 graduate programs at Merrimack College - Accounting, Diagnostic, Intervention & Treatment , Allied Health Services - are shown below.
The average full-time graduate completes their degree in 4.2 years. 74% of all students graduate within 8 years including part-time students. The graduation rate at Merrimack College is 2% higher than the state average, and 17% above the average for all regional universities in the country.
At Merrimack College, Pell Grant recipients represent 16% of the measured graduating class, 19% lower than the national average of 35%. The average Pell Grant recipient at Merrimack College graduates within 4.2 years.
Merrimack College is in the bottom 10% 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.
Merrimack College’s economic mobility score of 8.38 is calculated by adjusting the 3.51 economic score of lower-income students by the 16% pell grant recipients within the student body. Merrimack College’s EMS of 8.38 ranks in the bottom 25% 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 25%
The average Title IV recipient at Merrimack College pays $34,367 a year, $29,564 less than the $63,931 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 $34,367
Much of the gap between net price and sticker price is filled by institutional and government grants. At Merrimack College, 99% 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 $34,367 on average to be covered by the student – be it through loans or out of pocket. In total, 67% of students take out loans, federal or private, at an average amount of $10,784. This is 13% more than the national average.
Federal grants
$5,356
Pell grants
$4,762
State grants
$1,982
Institutional grants
$24,451
Merrimack College's very inclusive admissions are indicated by their 80% acceptance rate. In 2021, the school had 10,429 applicants, of which 8,375 were admitted and 967 enrolled. Merrimack College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Merrimack College does not consider standardized testing in their admissions process.
Full time
100%
83%
Female
53%
59%
First time
87%
59%
In-state
67%
68%
1st generation
21%
35%
White
78%
52%
Black
4%
14%
Hispanic
8%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
8%
12%