Granite State College

www.granite.edu

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2021 Undergraduate Tuition

$7,536

2021 Average Net Price

$11,704

After Financial Aid

2019 Student Loan

1.13%

Default Rate

2021 Enrolled Students

1,692

42.6% Full-Time

2021 Graduation Rate

15.2%

5 Graduates

About

Granite State College is a higher education institution located in Merrimack County, NH. In 2021, the most popular Bachelors Degree concentrations at Granite State College were General Business Administration & Management (75 degrees awarded), General Psychology (55 degrees), and Registered Nursing (46 degrees).

In 2021, 606 degrees were awarded across all undergraduate and graduate programs at Granite State College. 68.5% of these degrees were awarded to women, and 31.5% awarded men. The most common race/ethnicity group of degree recipients was white (519 degrees), 22.6 times more than then the next closest race/ethnicity group, black or african american (23 degrees).

The median undergraduate tuition at Granite State College is $7,536, which is $−20,969 less than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Granite State College is $7,536, which is $−20,969 less than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $11,704.

In 2021, 71% of undergraduate students attending Granite State College received financial aid through grants. Comparatively, 51% of undergraduate students received financial aid through loans.

Tuition Costs

$7,536

2021 Undergraduate Tuition

In 2021, the cost of tuition at Granite State College was $7,536. The cost of tuition at Granite State College is $−20,969 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$11,704

2021 Value

10.3%

1 Year Growth

In 2021 Granite State College had an average net price — the price paid after factoring in grants and loans — of $11,704. Between 2020 and 2021, the average net price of Granite State College grew by 10.3%.

This chart compares the average net price of Granite State 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

$9,828

Room and Board

$900

Books and Supplies

The average yearly cost of room and board at Granite State College was of $9,828 in 2021. The cost of room and board did not change between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $900. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

71%

Undergraduates Receiving Financial Aid through Grants

51%

Undergraduates Receiving Financial Aid through Loans

71% of undergraduate students at Granite State College received financial aid through grants or loans in 2021. This represents a growth of 7.58% with respect to 2020, when 66% of undergraduate students received financial aid.

This chart compares the average award discount at Granite State 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.

1.13%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Granite State College was 1.13%, which represents 10 out of the 884 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

Granite State College had a total enrollment of 1,692 students in 2021. The full-time enrollment at Granite State College is 720 students and the part-time enrollment is 972. This means that 42.6% of students enrolled at Granite State College are enrolled full-time.

The enrolled student population at Granite State College, both undergraduate and graduate, is 86.7% White, 4.26% Hispanic or Latino, 3.07% Black or African American, 1.65% Two or More Races, 1.3% Asian, 0.177% American Indian or Alaska Native, and 0.0591% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Granite State College in full-time Undergraduate programs are most commonly White Female (61.1%), followed by White Male (23.3%) and Black or African American Female (3.64%). Students enrolled in full-time Graduate programs are most commonly White Female (73.5%), followed by White Male (26.5%).

Full-Time vs Part-Time Enrollment

42.6%

Full-Time Enrollment

The total enrollment at Granite State College in 2021, both undergraduate and graduate, is 1,692 students. The full-time enrollment at Granite State College is 720 and the part-time enrollment is 972. This means that 42.6% of students enrolled at Granite State College are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

75%

2021 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 Granite State College was 75%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Granite State College had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,467 enrolled students
Hispanic or Latino
72 enrolled students
Black or African American
52 enrolled students

The enrolled student population at Granite State College is 86.7% White, 4.26% Hispanic or Latino, 3.07% Black or African American, 1.65% Two or More Races, 1.3% Asian, 0.177% American Indian or Alaska Native, and 0.0591% 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 Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

Graduates

In 2021, 224 more women than men received degrees from Granite State College. The most common race/ethnicity group of degree recipients at Granite State College is white (519 degrees awarded). There were 22.6 times more white recipients than the next closest race/ethnicity group, black or african american (23 degrees).

The most common Bachelor's Degree concentration at Granite State College is General Business Administration & Management (75 degrees awarded), followed by General Psychology (55 degrees) and Registered Nursing (46 degrees).

In 2021, the most specialized majors across all degree types at Granite State College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Interdisciplinary Studies (57 degrees awarded), EDUCATION. (99 degrees), and Psychology (55 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 Granite State College are Elementary & middle school teachers (1,932,217 people), Accountants & auditors (1,082,329 people), Other managers (840,050 people), Secondary school teachers (525,522 people), and Financial managers (510,563 people).

The most specialized majors at Granite State College in 2021 are Interdisciplinary Studies (57 degrees awarded), EDUCATION. (99 degrees), Psychology (55 degrees), Business (179 degrees), and History (6 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

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

The most specialized majors at Granite State College are Interdisciplinary Studies (57 degrees awarded), EDUCATION. (99 degrees), Psychology (55 degrees), Business (179 degrees), and History (6 degrees) (as of 2021).

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 Granite State College are Elementary & secondary schools (3,537,726 people), Colleges, universities & professional schools, including junior colleges (736,205 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (637,101 people), Computer Systems Design (578,674 people), and Banking & related activities (537,006 people).

Majors Awarded

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

Most Common (2021)

General Business Administration & Management
75 degree-majors awarded
General Psychology
55 degree-majors awarded
Registered Nursing
46 degree-majors awarded

In 2021, the most common bachelors degree concentration at Granite State College was General Business Administration & Management with 75 degrees awarded.

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

Sex Breakdown for Common Majors

191

Degrees Awarded to Men

in 2021

415

Degrees Awarded to Women

in 2021

In 2021, 191 degrees were awarded to men at Granite State College, which is 0.46 times less than the number of degrees awarded to females (415).

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

Most Common Male Majors

In 2021, 44 degrees were awarded to men at Granite State College in General Business Administration & Management, which is 0.759 times less than the 58 female recipients with that same degree.

Most Common Female Majors

In 2021, 58 degrees were awarded to men at Granite State College in General Business Administration & Management, which is 1.32 times more than the 44 male recipients with that same degree.

Time to Complete

11%

100% Completion Time

21%

150% Completion Time

In 2021, 11% of students graduating from Granite State College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 21% completed their degrees within 150% of the normal time, and 21% 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.

White Female

Highest Graduation Rate (20%)

The student demographic with the highest graduation rate in 2021 at Granite State College is Female and White (20% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

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 (2021)

White
519 degrees awarded
Black or African American
23 degrees awarded
Hispanic or Latino
23 degrees awarded

The most common race/ethnicity at Granite State College is white (519 degrees awarded). There were 22.6 times more white recipients than the next closest race/ethnicity group, black or african american (23 degrees).

3.3% of degree recipients (20 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
365 degrees awarded
White Male
154 degrees awarded
Black or African American Female
13 degrees awarded

The most common race/ethnicity and sex grouping at Granite State College is white female (365 degrees awarded). There were 2.37 times more white female recipients than the next closest race/ethnicity group, white male (154 degrees).

Operations

Granite State College has an endowment valued at nearly $10.5M, as of the end of the 2021 fiscal year. The return on its endowment was of 2.81M (26.7%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Granite State College had a total salary expenditure of 18.3M. Granite State College employs 20 Lecturers. Most academics at Granite State College are Female Lecturer (17), and Male Lecturer (3).

The most common positions for non-instructional staff at Granite State College are: Management, with 20 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 19 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 13 employees.

Endowment

$10.5M

2021 Endowment

26.7%

growth from 2020

Granite State College has an endowment valued at about $10.5M, as of the end of the 2021 fiscal year. The endowment of Granite State College grew 26.7% from the previous year. The value of their endowment was $41.8M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Granite State 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

$9.53M

2021 Salaries

6.05%

decline from 2020

In 2021, Granite State College paid a median of $9.53M in salaries, which represents 52.1% of their overall expenditure ($18.3M) and a 6.05% decline from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$1.29M

Instructional Salaries

Number of Employees

In 2021, Granite State College paid a total of $1.29M to 20 employees working as instructors, which represents 13.6% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Lecturer

Most Common Instructor

20 Employees

Management

Most Common Non-Instructional Employee

20 Employees

In 2021, the most common positions for instructional staff at Granite State College was Lecturer with 20 employees.

In 2021, the most common positions for non-instructional staff at Granite State College were Management with 20 employees, Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 19 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 13 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Lecturer
Male Lecturer

In 2021, the most common demographic for instructional staff at Granite State College was Female Lecturer with 17 employees, and Male Lecturer with 3 employees.

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