Welch College

www.welch.edu

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2022 Undergraduate Tuition

$20,170

2022 Average Net Price

$18,966

After Financial Aid

2020 Default Rate

on Student Loans

2022 Enrolled Students

394

52.5% Full-Time

2022 Graduation Rate

51%

26 Graduates

About

Welch College is a higher education institution located in Sumner County, TN. In 2022, the most popular Bachelors Degree concentrations at Welch College were Biblical Studies (27 degrees awarded), General Business Administration & Management (8 degrees), and Missionary Studies & Missiology (4 degrees).

In 2022, 66 degrees were awarded across all undergraduate and graduate programs at Welch College. 54.5% of these degrees were awarded to women, and 45.5% awarded men. The most common race/ethnicity group of degree recipients was white (58 degrees), 14.5 times more than then the next closest race/ethnicity group, black or african american (4 degrees).

The median undergraduate tuition at Welch College is $20,170, which is $−8,160 less than the national average for Baccalaureate Colleges ($28,330).

In 2020 the default rate for borrower's at Welch College was 0%, corresponding to 0 out of the 77 total borrowers.

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2022, the median undergraduate tuition at Welch College is $20,170, which is $8,160 less than the national average for Baccalaureate Colleges ($28,330).

After taking grants and loans into account, the average net price for students is $18,966.

In 2022, 85% of undergraduate students attending Welch College received financial aid through grants. Comparatively, 30% of undergraduate students received financial aid through loans.

Tuition Costs

$20,170

2022 Undergraduate Tuition

In 2022, the cost of tuition at Welch College was $20,170. The cost of tuition at Welch College is $−8,160 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,330).

This chart compares the tuition costs of Welch College (in red) with those of other similar universities.

Average Net Price

$18,966

2022 Value

0.259%

1 Year Growth

In 2022 Welch College had an average net price — the price paid after factoring in grants and loans — of $18,966. Between 2021 and 2022, the average net price of Welch College grew by 0.259%.

This chart compares the average net price of Welch College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$7,314

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Welch College was of $7,314 in 2022. The cost of room and board did not change between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,000. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Welch College (in red) with that of similar universities.

Financial Aid by Income Level

85%

Undergraduates Receiving Financial Aid through Grants

30%

Undergraduates Receiving Financial Aid through Loans

85% of undergraduate students at Welch College received financial aid through grants or loans in 2022. This represents a growth of 37.1% with respect to 2021, when 62% of undergraduate students received financial aid.

This chart compares the average award discount at Welch College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Welch College was 0%, which represents 0 out of the 77 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Welch College had a total enrollment of 394 students in 2022. The full-time enrollment at Welch College is 207 students and the part-time enrollment is 187. This means that 52.5% of students enrolled at Welch College are enrolled full-time.

The enrolled student population at Welch College, both undergraduate and graduate, is 81% White, 4.82% Black or African American, 3.81% Hispanic or Latino, 2.28% Two or More Races, and 1.27% Asian.

Students enrolled at Welch College in full-time Undergraduate programs are most commonly White Male (43.1%), followed by White Female (41.1%) and Black or African American Male (4.06%). Students enrolled in full-time Graduate programs are most commonly White Male (60%), followed by White Female (40%).

Full-Time vs Part-Time Enrollment

52.5%

Full-Time Enrollment

The total enrollment at Welch College in 2022, both undergraduate and graduate, is 394 students. The full-time enrollment at Welch College is 207 and the part-time enrollment is 187. This means that 52.5% of students enrolled at Welch College are enrolled full-time compared with 79.6% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Welch College (in red) compares to similar universities.

Retention Rate over Time

70%

2022 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Welch College was 70%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Welch College had a retention rate lower than its peers.

This chart shows the retention rate over time at Welch College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
319 enrolled students
Black or African American
19 enrolled students
Hispanic or Latino
15 enrolled students

The enrolled student population at Welch College is 81% White, 4.82% Black or African American, 3.81% Hispanic or Latino, 2.28% Two or More Races, and 1.27% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 54.3% White, 13.8% Hispanic or Latino, and 13.1% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 25 students (6.35%) did not report their race.

Graduates

In 2022, 6 more women than men received degrees from Welch College. The most common race/ethnicity group of degree recipients at Welch College is white (58 degrees awarded). There were 14.5 times more white recipients than the next closest race/ethnicity group, black or african american (4 degrees).

The most common Bachelor's Degree concentration at Welch College is Biblical Studies (27 degrees awarded), followed by General Business Administration & Management (8 degrees) and Missionary Studies & Missiology (4 degrees).

In 2022, the most specialized majors across all degree types at Welch College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (37 degrees awarded), History (2 degrees), and Parks, Recreation, & Leisure (3 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Welch College are Elementary & middle school teachers (1,684,861 people), Secondary school teachers (551,495 people), Education administrators (306,016 people), Postsecondary teachers (197,481 people), and Other managers (196,226 people).

The most specialized majors at Welch College in 2022 are Theology (37 degrees awarded), History (2 degrees), Parks, Recreation, & Leisure (3 degrees), Education (10 degrees), and English (1 degrees) (as of 2022).

Highest Paying Jobs by Major

Diagnostic medical sonographers

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Welch College are Diagnostic medical sonographers, Surgeons, Magnetic resonance imaging technologists, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Welch College are Theology (37 degrees awarded), History (2 degrees), Parks, Recreation, & Leisure (3 degrees), Education (10 degrees), and English (1 degrees) (as of 2022).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Welch College are Elementary & secondary schools (3,023,361 people), Colleges, universities & professional schools, including junior colleges (426,401 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (212,391 people), Legal services (159,787 people), and Religious organizations (154,452 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Welch College.

Most Common (2022)

Biblical Studies
27 degrees awarded
General Business Administration & Management
8 degrees awarded
Missionary Studies & Missiology
4 degrees awarded

In 2022, the most common bachelors degree concentration at Welch College was Biblical Studies with 27 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Welch College according to their major.

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 30 degrees were awarded to men at Welch College, which is 0.833 times less than the number of degrees awarded to females (36).

This chart displays the sex disparity between the top 5 majors at Welch College by degrees awarded.

Most Common Male Majors

In 2022, 14 degrees were awarded to men at Welch College in Biblical Studies, which is 0.875 times less than the 16 female recipients with that same degree.

Most Common Female Majors

In 2022, 16 degrees were awarded to men at Welch College in Biblical Studies, which is 1.14 times more than the 14 male recipients with that same degree.

Time to Complete

44%

100% Completion Time

62%

150% Completion Time

In 2022, 44% of students graduating from Welch College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 62% completed their degrees within 150% of the normal time, and 62% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Welch College is Female and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (73.2%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
58 degrees awarded
Black or African American
4 degrees awarded
Hispanic or Latino
2 degrees awarded

The most common race/ethnicity at Welch College is white (58 degrees awarded). There were 14.5 times more white recipients than the next closest race/ethnicity group, black or african american (4 degrees).

0% of degree recipients (0 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
34 degrees awarded
White Male
24 degrees awarded
Black or African American Male
3 degrees awarded

The most common race/ethnicity and sex grouping at Welch College is white female (34 degrees awarded). There were 1.42 times more white female recipients than the next closest race/ethnicity group, white male (24 degrees).

Operations

Welch College has an endowment valued at nearly $4.94M, as of the end of the 2022 fiscal year. The return on its endowment was of 218k (4.41%) compared to the 0.58% average return (286k on 49.3M) across all Baccalaureate Colleges.

In 2022, Welch College had a total salary expenditure of 8.37M. Welch College employs 8 Instructors, 5 Professors and 3 Assistant professors. Most academics at Welch College are Male Instructor (7), Female Professor (3), and Male No academic rank (2).

The most common positions for non-instructional staff at Welch College are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 14 employees, Management, with 7 employees, and Business and Financial Operations with 3 employees.

Endowment

$4.94M

2022 Endowment

1.25%

growth from 2021

Welch College has an endowment valued at about $4.94M, as of the end of the 2022 fiscal year. The endowment of Welch College grew 1.25% from the previous year. The value of their endowment was $44.3M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Welch College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Diverse Fields Carnegie Classification grouping.

Salary Expenditure

$2.8M

2022 Salaries

2.93%

decline from 2021

In 2022, Welch College paid a median of $2.8M in salaries, which represents 33.5% of their overall expenditure ($8.37M) and a 2.93% decline from the previous year. This is compared to a 2.04% decline between 2020 and 2021, and a 0.699% growth between 2019 and 2020.

The median for similar Baccalaureate Colleges is 15.7M (37.9% of overall expenditures).

Instructional Salaries

$1.03M

Instructional Salaries

Number of Employees

In 2022, Welch College paid a total of $1.03M to 20 employees working as instructors, which represents 36.7% of all salaries paid.

This is compared to a median of $5.04M (32.1%) for similar Baccalaureate Colleges.

Occupations by Share

Instructor

Most Common Instructor

8 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

14 Employees

In 2022, the most common positions for instructional staff at Welch College were Instructor with 8 employees, Professor with 5 employees, and Assistant professor with 3 employees.

In 2022, the most common positions for non-instructional staff at Welch College were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 14 employees, Management with 7 employees, and Business and Financial Operations with 3 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Instructor
Female Professor
Male No academic rank

In 2022, the most common demographic for instructional staff at Welch College was Male Instructor with 7 employees, Female Professor with 3 employees, and Male No academic rank with 2 employees.

This chart shows the sex split between each academic rank present at Welch College.

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