Payback
EarningsPlus
Economic score
Thomas College is a private regional university located in Waterville, Maine. Thomas College has an open admissions policy.
Return on educational investment at Thomas College is in the bottom 25% of all ranked schools. The median student earns $39,760 10 years after enrolling, 11th in Maine, and in the bottom 25% nationally. When adjusted for earning differences by major, Thomas College bachelor students earn 14% less than the national average. Thomas College is ranked 11th in Maine.
Thomas College’s median net annual cost of $21,844 and average years to graduate of 4.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 4 programs at Thomas College sorted by number of graduates - Business Administration, Criminal Justice, Psychology, Health & Fitness - are shown below.
Annual net cost
$21,844
Average years to graduate
4.3
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 1 graduate programs at Thomas College - Business Administration - are shown below.
The average full-time graduate completes their degree in 4.3 years. 53% of all students graduate within 8 years including part-time students. The graduation rate at Thomas College is 7% lower than the state average, and 4% below the average for all regional universities in the country.
At Thomas College, Pell Grant recipients represent 20% of the measured graduating class, 15% lower than the national average of 35%. The average Pell Grant recipient at Thomas College graduates within 4.3 years.
Thomas 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.
Thomas College’s economic mobility score of 2.11 is calculated by adjusting the 10.9 economic score of lower-income students by the 20% pell grant recipients within the student body. Thomas College’s EMS of 2.11 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 Thomas College pays $21,844 a year, $21,946 less than the $43,790 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 $21,844
Much of the gap between net price and sticker price is filled by institutional and government grants. At Thomas College, 96% 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 $21,844 on average to be covered by the student – be it through loans or out of pocket. In total, 85% of students take out loans, federal or private, at an average amount of $8,032. This is 31% more than the national average.
Federal grants
$5,262
Pell grants
$4,460
State grants
$1,354
Institutional grants
$15,988
Full time
96%
83%
Female
50%
59%
First time
86%
59%
In-state
86%
68%
1st generation
38%
35%
White
85%
52%
Black
5%
14%
Hispanic
1%
15%
Asian
1%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
7%
12%