Faulkner University

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2022 Undergraduate Tuition
$21,930
2% growth from 2021
2022 Average Net Price
$20,050
After Financial Aid
2019 Default Rate
2.9%
on Student Loans
2022 Acceptance Rate
82.4%
1,728 Applicants
2022 Enrolled Students
2,817
73.4% Full-Time
2022 Graduation Rate
32.5%
94 Graduates

About

Faulkner University is a higher education institution located in Montgomery County, AL. In 2022, the most popular Masters Degree concentrations at Faulkner University were General Business Administration & Management (182 degrees awarded), Criminal Justice - Law Enforcement Administration (55 degrees), and Management Science (50 degrees).

In 2022, 849 degrees were awarded across all undergraduate and graduate programs at Faulkner University. 61.2% of these degrees were awarded to women, and 38.8% awarded men. The most common race/ethnicity group of degree recipients was white (421 degrees), 1.2 times more than then the next closest race/ethnicity group, black or african american (350 degrees).

The median undergraduate tuition at Faulkner University is $21,930, which is $−2,066 less than the national average for Masters Colleges and Universities ($23,996).

Costs

In 2022, the median undergraduate tuition at Faulkner University is $21,930, which is $−2,066 less than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $20,050.

In 2022, 77% of undergraduate students attending Faulkner University received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$21,930
2022 Undergraduate Tuition

In 2022, the cost of tuition at Faulkner University was $21,930. The cost of tuition at Faulkner University is $−2,066 less than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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

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Average Net Price

$20,050
2022 Value
3.14%
1 Year Growth

In 2022 Faulkner University had an average net price — the price paid after factoring in grants and loans — of $20,050. Between 2021 and 2022, the average net price of Faulkner University grew by 3.14%.

This chart compares the average net price of Faulkner University (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.

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Other Student Expenses

$7,900
Room and Board
$1,800
Books and Supplies

The average yearly cost of room and board at Faulkner University was of $7,900 in 2022. The cost of room and board decreased by 3.07% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $1,800. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

77%
Undergraduates Receiving Financial Aid through Grants
61%
Undergraduates Receiving Financial Aid through Loans

77% of undergraduate students at Faulkner University received financial aid through grants or loans in 2022. This represents a growth of 0% with respect to 2021, when 77% of undergraduate students received financial aid.

This chart compares the average award discount at Faulkner University (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.

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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.
2.9%
2019 Default Rate
36
Number of Defaults

In 2019 the default rate for borrower's at Faulkner University was 2.9%, which represents 36 out of the 1242 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.

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Admissions

Faulkner University received 1,728 undergraduate applications in 2022, which represents a 3.52% annual growth. Out of those 1,728 applicants, 1,424 students were accepted for enrollment, representing a 82.4% acceptance rate.

There were 2,817 students enrolled at Faulkner University in 2022. 6% of first-time enrollees submitted SAT scores with their applications.

Faulkner University has an overall enrollment yield of 16.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

82.4%
Acceptance Rate in 2022
1,424
Accepted Out of 1,728

In 2022, the undergraduate acceptance rate of Faulkner University was 82.4% (1,424 admissions from 1,728 applications). This is higher than the acceptance rate of 2021, which was 64.6%. Between 2021 and 2022, the number of applicants grew by 3.52%, while admissions grew by 23.1%..

This chart compares the acceptance rate of Faulkner University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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SAT Scores

6%
Submission Percentage (2022)
13
Scores Submitted (2022)

6% of enrolled first-time students at Faulkner University in 2022 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

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Enrollment

Faulkner University had a total enrollment of 2,817 students in 2022. The full-time enrollment at Faulkner University is 2,068 students and the part-time enrollment is 749. This means that 73.4% of students enrolled at Faulkner University are enrolled full-time.

The enrolled student population at Faulkner University, both undergraduate and graduate, is 52.9% White, 33.9% Black or African American, 3.87% Hispanic or Latino, 2.27% Two or More Races, 1.49% Asian, 0.603% American Indian or Alaska Native, and 0.142% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Faulkner University in full-time Undergraduate programs are most commonly White Female (26.1%), followed by White Male (23.7%) and Black or African American Female (20%). Students enrolled in full-time Graduate programs are most commonly White Female (40.5%), followed by White Male (22.6%) and Black or African American Female (19.7%).

Full-Time vs Part-Time Enrollment

73.4%
Full-Time Enrollment

The total enrollment at Faulkner University in 2022, both undergraduate and graduate, is 2,817 students. The full-time enrollment at Faulkner University is 2,068 and the part-time enrollment is 749. This means that 73.4% of students enrolled at Faulkner University are enrolled full-time compared with 67.6% at similar Masters Colleges and Universities.

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

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Retention Rate over Time

63%
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 Faulkner University was 63%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Faulkner University had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    1,489 enrolled students
  2. Black or African American
    954 enrolled students
  3. Hispanic or Latino
    109 enrolled students

The enrolled student population at Faulkner University is 52.9% White, 33.9% Black or African American, 3.87% Hispanic or Latino, 2.27% Two or More Races, 1.49% Asian, 0.603% American Indian or Alaska Native, and 0.142% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Masters Colleges and Universities is 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 66 students (2.34%) did not report their race.

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Graduates

In 2022, 191 more women than men received degrees from Faulkner University. The most common race/ethnicity group of degree recipients at Faulkner University is white (421 degrees awarded). There were 1.2 times more white recipients than the next closest race/ethnicity group, black or african american (350 degrees).

The most common Masters Degree concentration at Faulkner University is General Business Administration & Management (182 degrees awarded), followed by Criminal Justice - Law Enforcement Administration (55 degrees) and Management Science (50 degrees).

In 2022,  the most specialized majors across all degree types at Faulkner University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Protective Services (138 degrees awarded), Legal (52 degrees), and Business (463 degrees).

Common Jobs by Major

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Faulkner University are Accountants & auditors (1,028,088 people), Other managers (725,557 people), Financial managers (492,067 people), Chief executives & legislators (374,891 people), and Firstline supervisors of retail sales workers (270,424 people).

The most specialized majors at Faulkner University in 2022 are Protective Services (138 degrees awarded), Legal (52 degrees), Business (463 degrees), Theology (12 degrees), and Parks, Recreation, & Leisure (21 degrees) (as of 2022).

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Highest Paying Jobs by Major

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Faulkner University are Surgeons, Physicians, Photographic process workers & processing machine operators, Cardiovascular technologists and technicians, and Nurse anesthetists

The most specialized majors at Faulkner University are Protective Services (138 degrees awarded), Legal (52 degrees), Business (463 degrees), Theology (12 degrees), and Parks, Recreation, & Leisure (21 degrees) (as of 2022).

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Common Industries by Major

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Faulkner University are Elementary & secondary schools (595,921 people), Computer Systems Design (512,593 people), Justice, public order, & safety activities (491,797 people), Banking & related activities (486,100 people), and Construction (412,872 people).

The most specialized majors at Faulkner University are Protective Services (138 degrees awarded), Legal (52 degrees), Business (463 degrees), Theology (12 degrees), and Parks, Recreation, & Leisure (21 degrees) (as of 2022).

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Majors Awarded

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

In 2022, the most common bachelors degree concentration at Faulkner University was General Business with 102 degrees awarded.

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

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Sex Breakdown for Common Majors

329
Degrees Awarded to Men
in 2022
520
Degrees Awarded to Women
in 2022

In 2022, 329 degrees were awarded to men at Faulkner University, which is 0.633 times less than the number of degrees awarded to females (520).

This chart displays the sex disparity between the top 5 majors at Faulkner University by degrees awarded.

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Most Common Male Majors

In 2022, 85 degrees were awarded to men at Faulkner University in General Business Administration & Management, which is 0.556 times less than the 153 female recipients with that same degree.

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Most Common Female Majors

In 2022, 153 degrees were awarded to men at Faulkner University in General Business Administration & Management, which is 1.8 times more than the 85 male recipients with that same degree.

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Time to Complete

16%
100% Completion Time
27%
150% Completion Time

In 2022, 16% of students graduating from Faulkner University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 27% completed their degrees within 150% of the normal time, and 28% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (53.3%)

The student demographic with the highest graduation rate in 2022 at Faulkner University is Female and White (53.3% graduation rate). Across all Masters Colleges and Universities, 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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 2.13% of graduates (2 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    421 degrees awarded
  2. Black or African American
    350 degrees awarded
  3. Hispanic or Latino
    19 degrees awarded

The most common race/ethnicity at Faulkner University is white (421 degrees awarded). There were 1.2 times more white recipients than the next closest race/ethnicity group, black or african american (350 degrees).

3.3% of degree recipients (28 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. Black or African American Female
    255 degrees awarded
  2. White Female
    229 degrees awarded
  3. White Male
    192 degrees awarded

The most common race/ethnicity and sex grouping at Faulkner University is black or african american female (255 degrees awarded). There were 1.11 times more black or african american female recipients than the next closest race/ethnicity group, white female (229 degrees).

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Operations

Faulkner University has an endowment valued at nearly $20.8M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNk (−0.125%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Faulkner University had a total salary expenditure of 53.3M. Faulkner University employs 44 Assistant professors, 39 Professors and 29 Associate professors. Most academics at Faulkner University are Male Professor (28), Female Assistant professor (28), and Female Associate professor (17).

The most common positions for non-instructional staff at Faulkner University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 59 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 40 employees, and Office and Administrative Support with 38 employees.

Endowment

$20.8M
2022 Endowment
2.66%
decline from 2021

Faulkner University has an endowment valued at about $20.8M, as of the end of the 2022 fiscal year. The endowment of Faulkner University declined 2.66% from the previous year. The value of their endowment was $25.8M lower than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Small Programs Carnegie Classification grouping.

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Salary Expenditure

$20.2M
2022 Salaries
7.06%
growth from 2021

In 2022, Faulkner University paid a median of $20.2M in salaries, which represents 37.9% of their overall expenditure ($53.3M) and a 7.06% growth from the previous year.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

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Instructional Salaries

$9.53M
Instructional Salaries
140
Number of Employees

In 2022, Faulkner University paid a total of $9.53M to 140 employees working as instructors, which represents 47.2% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

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Occupations by Share

Assistant professor
Most Common Instructor
44 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
59 Employees

In 2022, the most common positions for instructional staff at Faulkner University were Assistant professor with 44 employees, Professor with 39 employees, and Associate professor with 29 employees.

In 2022, the most common positions for non-instructional staff at Faulkner University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 59 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 40 employees, and Office and Administrative Support with 38 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Female Assistant professor
  3. Female Associate professor

In 2022, the most common demographic for instructional staff at Faulkner University was Male Professor with 28 employees, Female Assistant professor with 28 employees, and Female Associate professor with 17 employees.

This chart shows the sex split between each academic rank present at Faulkner University.

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