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EarningsPlus
Economic score
Olivet College is a private regional college located in Olivet, Michigan. Olivet College is very inclusive in their admissions.
Return on educational investment at Olivet College is in the bottom 50% of all ranked schools. The median student earns $46,607 10 years after enrolling, 27th in Michigan, and in the bottom 50% nationally. When adjusted for earning differences by major, Olivet College bachelor students earn 6% less than the national average.
Olivet College’s median net annual cost of $20,053 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 6 programs at Olivet College sorted by number of graduates - Criminal Justice, Health & Fitness, Biology, Psychology, Business Administration, Insurance - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$20,053
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.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
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Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 38.81
The average full-time graduate completes their degree in 4.4 years. 48% of all students graduate within 8 years including part-time students. The graduation rate at Olivet College is 13% lower than the state average, and 1% below the average for all regional colleges in the country.
At Olivet College, Pell Grant recipients represent 47% of the measured graduating class, 12% higher than the national average of 35%. The average Pell Grant recipient at Olivet College graduates within 4.5 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.
Olivet College’s economic mobility score of 16.63 is calculated by adjusting the 4.84 economic score of lower-income students by the 47% pell grant recipients within the student body. Olivet College’s EMS of 16.63 ranks in the top 50% 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).
Top 50%
The average Title IV recipient at Olivet College pays $20,053 a year, $24,539 less than the $44,592 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 $20,053
Much of the gap between net price and sticker price is filled by institutional and government grants. At Olivet 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 $20,053 on average to be covered by the student – be it through loans or out of pocket. In total, 84% of students take out loans, federal or private, at an average amount of $15,987. This is 30% more than the national average.
Federal grants
$5,248
Pell grants
$4,960
State grants
$2,466
Institutional grants
$17,185
Olivet College offers 3 online bachelor programs, 2 of which are held exclusively online. At the master’s level Olivet College offers 2 programs, both 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
5
Hybrid programs
1
Percentage of programs online
13%
Olivet College's very inclusive admissions are indicated by their 89% acceptance rate. In 2021, the school had 1,200 applicants, of which 1,062 were admitted and 218 enrolled. Olivet College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
97%
83%
Female
39%
59%
First time
74%
59%
In-state
89%
68%
1st generation
33%
35%
White
65%
52%
Black
21%
14%
Hispanic
6%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
7%
12%