Payback
EarningsPlus
Economic score
Spalding University is a private regional university located in Louisville, Kentucky. Spalding University is very inclusive in their admissions.
Return on educational investment at Spalding University is in the bottom 50% of all ranked schools. The median student earns $47,088 10 years after enrolling, 7th in Kentucky, and in the bottom 50% nationally. When adjusted for earning differences by major, Spalding University bachelor students earn 8% less than the national average. Spalding University is ranked 15th in Kentucky.
Spalding University’s median net annual cost of $21,976 and average years to graduate of 4.8 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 3 programs at Spalding University sorted by number of graduates - Registered Nursing, Psychology, Business and Commerce - are shown below.
Annual net cost
$21,976
Average years to graduate
4.8
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 6 graduate programs at Spalding University - Therapeutic professions, Registered Nursing, Social Work, Business and Commerce, Rhetoric & Composition, Student Counseling - are shown below. To see more programs, click on "see additional programs".
Education
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 0.94
Diagnostic, Intervention & Treatment
Rank: -
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
Economic score: 5.09
The average full-time graduate completes their degree in 4.8 years. 56% of all students graduate within 8 years including part-time students. The graduation rate at Spalding University is 5% higher than the state average, and 2% below the average for all regional universities in the country.
At Spalding University, Pell Grant recipients represent 41% of the measured graduating class, 6% higher than the national average of 35%. The average Pell Grant recipient at Spalding University graduates within 4.9 years.
Spalding University is in the top 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.
Spalding University’s economic mobility score of 11.12 is calculated by adjusting the 5.85 economic score of lower-income students by the 41% pell grant recipients within the student body. Spalding University’s EMS of 11.12 ranks in the bottom 50% 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 50%
The average Title IV recipient at Spalding University pays $21,976 a year, $19,936 less than the $41,912 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 $21,976
Much of the gap between net price and sticker price is filled by institutional and government grants. At Spalding University, 98% 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 $21,976 on average to be covered by the student – be it through loans or out of pocket. In total, 72% of students take out loans, federal or private, at an average amount of $6,386. This is 18% more than the national average.
Federal grants
$5,515
Pell grants
$4,857
State grants
$4,750
Institutional grants
$10,245
Spalding University offers 6 online bachelor programs, all of which are hybrid format. At the master’s level Spalding University offers 1 hybrid program. 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
7
Hybrid programs
7
Percentage of programs online
14%
Spalding University's very inclusive admissions are indicated by their 90% acceptance rate. In 2021, the school had 695 applicants, of which 624 were admitted and 104 enrolled. Spalding University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
65%
83%
Female
74%
59%
First time
47%
59%
In-state
73%
68%
1st generation
35%
35%
White
66%
52%
Black
19%
14%
Hispanic
5%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
7%
12%