Payback
EarningsPlus
Economic score
Nichols College is a private regional university located in Dudley, Massachusetts. Nichols College is very inclusive in their admissions.
Return on educational investment at Nichols College is in the bottom 50% of all ranked schools. The median student earns $53,889 10 years after enrolling, 40th in Massachusetts, and in the top 50% nationally. When adjusted for earning differences by major, Nichols College bachelor students earn 4% less than the national average. Nichols College is ranked 43rd in Massachusetts.
Nichols College’s median net annual cost of $29,951 and average years to graduate of 4.1 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Nichols College sorted by number of graduates - Business and Commerce, Health & Fitness, Accounting, Marketing, Criminal Justice, Business Administration - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$29,951
Average years to graduate
4.1
Managerial Econ.
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 4.62
Finance
Rank: #321
Economic score: 5.28
HR Management
Rank: #105
Economic score: 6.85
Hospitality Mgmt.
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 13.04
Psychology
Rank: #762
Economic score: 45.24
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 2 graduate programs at Nichols College - Business Administration, Accounting - are shown below.
The average full-time graduate completes their degree in 4.1 years. 62% of all students graduate within 8 years including part-time students. The graduation rate at Nichols College is 10% lower than the state average, and 5% above the average for all regional universities in the country.
At Nichols College, Pell Grant recipients represent 29% of the measured graduating class, 6% lower than the national average of 35%. The average Pell Grant recipient at Nichols College graduates within 4.1 years.
Nichols 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.
Nichols College’s economic mobility score of 0.73 is calculated by adjusting the 21.57 economic score of lower-income students by the 29% pell grant recipients within the student body. Nichols College’s EMS of 0.73 ranks in the bottom 5% 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 5%
The average Title IV recipient at Nichols College pays $29,951 a year, $24,139 less than the $54,090 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 $29,951
Much of the gap between net price and sticker price is filled by institutional and government grants. At Nichols 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 $29,951 on average to be covered by the student – be it through loans or out of pocket. In total, 93% of students take out loans, federal or private, at an average amount of $9,522. This is 39% more than the national average.
Federal grants
$6,086
Pell grants
$5,047
State grants
$1,495
Institutional grants
$22,274
Nichols College offers 6 online bachelor programs, one of which is held exclusively online. At the master’s level Nichols College offers 4 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
10
Hybrid programs
5
Percentage of programs online
43%
Nichols College's very inclusive admissions are indicated by their 85% acceptance rate. In 2021, the school had 2,193 applicants, of which 1,859 were admitted and 316 enrolled. Nichols College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
92%
83%
Female
38%
59%
First time
78%
59%
In-state
55%
68%
1st generation
32%
35%
White
75%
52%
Black
7%
14%
Hispanic
10%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
6%
12%