Carolina University

www.piedmontu.edu

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2022 Undergraduate Tuition

$12,600

2022 Average Net Price

$16,731

After Financial Aid

2019 Default Rate

4.5%

on Student Loans

2022 Acceptance Rate

52%

471 Applicants

2022 Enrolled Students

826

60.4% Full-Time

2022 Graduation Rate

32.1%

9 Graduates

About

Carolina University is a higher education institution located in Forsyth County, NC. In 2022, the most popular Masters Degree concentrations at Carolina University were Religious Studies (44 degrees awarded), Divinity & Ministry (10 degrees), and Organizational Leadership (8 degrees).

In 2022, 207 degrees were awarded across all undergraduate and graduate programs at Carolina University. 28.5% of these degrees were awarded to women, and 71.5% awarded men. The most common race/ethnicity group of degree recipients was white (130 degrees), 4.33 times more than then the next closest race/ethnicity group, black or african american (30 degrees).

The median undergraduate tuition at Carolina University is $12,600, which is $−2,341 less than the national average for Special Focus Institutions ($14,942).

In 2019 the default rate for borrower's at Carolina University was 4.5%, corresponding to 10 out of the 222 total borrowers.

Special Focus Four-Year: Faith-Related Institutions Special Focus Institutions

Costs

In 2022, the median undergraduate tuition at Carolina University is $12,600, which is $2,342 less than the national average for Special Focus Institutions ($14,942).

After taking grants and loans into account, the average net price for students is $16,731.

In 2022, 97% of undergraduate students attending Carolina University received financial aid through grants. Comparatively, 61% of undergraduate students received financial aid through loans.

Tuition Costs

$12,600

2022 Undergraduate Tuition

In 2022, the cost of tuition at Carolina University was $12,600. The cost of tuition at Carolina University is $−2,342 less than than the overall (public and private) national average for Special Focus Institutions ($14,942).

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

Average Net Price

$16,731

2022 Value

18%

1 Year Growth

In 2022 Carolina University had an average net price — the price paid after factoring in grants and loans — of $16,731. Between 2021 and 2022, the average net price of Carolina University grew by 18%.

This chart compares the average net price of Carolina 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.

Other Student Expenses

$10,660

Room and Board

$1,000

Books and Supplies

The average yearly cost of room and board at Carolina University was of $10,660 in 2022. The cost of room and board decreased by 15.9% 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 Carolina University (in red) with that of similar universities.

Financial Aid by Income Level

97%

Undergraduates Receiving Financial Aid through Grants

61%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Carolina University received financial aid through grants or loans in 2022. This represents a growth of 2.11% with respect to 2021, when 95% of undergraduate students received financial aid.

This chart compares the average award discount at Carolina 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.

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.

4.5%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Carolina University was 4.5%, which represents 10 out of the 222 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.

Admissions

Carolina University received 471 undergraduate applications in 2022, which represents a 12.1% annual growth. Out of those 471 applicants, 245 students were accepted for enrollment, representing a 52% acceptance rate.

There were 826 students enrolled at Carolina University in 2022. 40% of first-time enrollees submitted SAT scores with their applications.

Carolina University has an overall enrollment yield of 36.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

52%

Acceptance Rate in 2022

245

Accepted Out of 471

In 2022, the undergraduate acceptance rate of Carolina University was 52% (245 admissions from 471 applications). This is higher than the acceptance rate of 2021, which was 46.3%. Between 2021 and 2022, the number of applicants declined by 12.1%, while admissions declined by 1.21%.

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

SAT Scores

40%

Submission Percentage (2019)

Scores Submitted (2019)

40% of enrolled first-time students at Carolina University in 2019 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.

Enrollment

Carolina University had a total enrollment of 826 students in 2022. The full-time enrollment at Carolina University is 499 students and the part-time enrollment is 327. This means that 60.4% of students enrolled at Carolina University are enrolled full-time.

The enrolled student population at Carolina University, both undergraduate and graduate, is 35.4% White, 16.9% Black or African American, 13.2% Hispanic or Latino, 3.51% Two or More Races, and 1.57% Asian.

Students enrolled at Carolina University in full-time Undergraduate programs are most commonly White Female (22.2%), followed by White Male (20.2%) and Hispanic or Latino Male (10.1%). Students enrolled in full-time Graduate programs are most commonly White Male (19.8%), followed by Black or African American Female (16.8%) and Black or African American Male (9.41%).

Full-Time vs Part-Time Enrollment

60.4%

Full-Time Enrollment

The total enrollment at Carolina University in 2022, both undergraduate and graduate, is 826 students. The full-time enrollment at Carolina University is 499 and the part-time enrollment is 327. This means that 60.4% of students enrolled at Carolina University are enrolled full-time compared with N/A% at similar Special Focus Institutions.

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

Retention Rate over Time

49%

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 Carolina University was 49%. Compared with the full-time retention rate at similar Special Focus Institutions (73%), Carolina University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)

White
292 enrolled students
Black or African American
140 enrolled students
Hispanic or Latino
109 enrolled students

The enrolled student population at Carolina University is 35.4% White, 16.9% Black or African American, 13.2% Hispanic or Latino, 3.51% Two or More Races, and 1.57% Asian. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Special Focus Institutions is 42.1% White, 19.3% Hispanic or Latino, and 14.1% 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, 96 students (11.6%) did not report their race.

Graduates

In 2022, 89 fewer women than men received degrees from Carolina University. The most common race/ethnicity group of degree recipients at Carolina University is white (130 degrees awarded). There were 4.33 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

The most common Masters Degree concentration at Carolina University is Religious Studies (44 degrees awarded), followed by Divinity & Ministry (10 degrees) and Organizational Leadership (8 degrees).

In 2022, the most specialized majors across all degree types at Carolina University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Philosophy and Religious Studies (56 degrees awarded), Theology (77 degrees), and Protective Services (14 degrees).

Common Jobs by Major

Accountants & auditors

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Carolina University are Accountants & auditors (1,035,519 people), Other managers (745,271 people), Financial managers (495,581 people), Chief executives & legislators (385,744 people), and Firstline supervisors of retail sales workers (275,553 people).

The most specialized majors at Carolina University in 2022 are Philosophy and Religious Studies (56 degrees awarded), Theology (77 degrees), Protective Services (14 degrees), Interdisciplinary Studies (8 degrees), and Business (39 degrees) (as of 2022).

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 Carolina University are Surgeons, Cardiovascular technologists and technicians, Physicians, Securities, commodities, & financial services sales agents, and Photographic process workers & processing machine operators

The most specialized majors at Carolina University are Philosophy and Religious Studies (56 degrees awarded), Theology (77 degrees), Protective Services (14 degrees), Interdisciplinary Studies (8 degrees), and Business (39 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 Carolina University are Elementary & secondary schools (635,637 people), Computer Systems Design (543,598 people), Justice, public order, & safety activities (496,520 people), Banking & related activities (493,716 people), and Construction (419,549 people).

Majors Awarded

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

Most Common (2022)

Biblical Studies
39 degrees awarded
General Business Administration & Management
25 degrees awarded
Criminal Justice - Safety Studies
14 degrees awarded

In 2022, the most common bachelors degree concentration at Carolina University was Biblical Studies with 39 degrees awarded.

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

Sex Breakdown for Common Majors

148

Degrees Awarded to Men

in 2022

Degrees Awarded to Women

in 2022

In 2022, 148 degrees were awarded to men at Carolina University, which is 2.51 times more than the number of degrees awarded to females (59).

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

Most Common Male Majors

In 2022, 38 degrees were awarded to men at Carolina University in Biblical Studies, which is 3.45 times more than the 11 female recipients with that same degree.

Most Common Female Majors

In 2022, 11 degrees were awarded to men at Carolina University in Biblical Studies, which is 0.289 times less than the 38 male recipients with that same degree.

Time to Complete

28%

100% Completion Time

40%

150% Completion Time

In 2022, 28% of students graduating from Carolina University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 40% completed their degrees within 150% of the normal time, and 40% within 200%.

The following chart shows these completion rates over time compared to the average for the Special Focus Institutions 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.

Hispanic or Latino Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Carolina University is Male and Hispanic or Latino (100% graduation rate). Across all Special Focus Institutions, 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
130 degrees awarded
Black or African American
30 degrees awarded
Hispanic or Latino
16 degrees awarded

The most common race/ethnicity at Carolina University is white (130 degrees awarded). There were 4.33 times more white recipients than the next closest race/ethnicity group, black or african american (30 degrees).

5.8% of degree recipients (12 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Male
99 degrees awarded
White Female
31 degrees awarded
Black or African American Male
15 degrees awarded

The most common race/ethnicity and sex grouping at Carolina University is white male (99 degrees awarded). There were 3.19 times more white male recipients than the next closest race/ethnicity group, white female (31 degrees).

Operations

Carolina University has an endowment valued at nearly $2.85M, as of the end of the 2022 fiscal year. The return on its endowment was of 614k (21.5%) compared to the 0.21% average return (24.5k on 11.6M) across all Special Focus Institutions.

In 2022, Carolina University had a total salary expenditure of 13.6M. Carolina University employs 25 Assistant professors, 5 Professors and 3 Lecturers. Most academics at Carolina University are Female Assistant professor (13), Male Assistant professor (12), and Female Lecturer (3).

The most common positions for non-instructional staff at Carolina University are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 18 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 11 employees, and Business and Financial Operations with 6 employees.

Endowment

$2.85M

2022 Endowment

1.64%

decline from 2021

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

The small bar chart below shows the endowment quintiles for all universities in the Special Focus Four-Year: Faith-Related Institutions Carnegie Classification grouping.

Salary Expenditure

$5.68M

2022 Salaries

14.6%

growth from 2021

In 2022, Carolina University paid a median of $5.68M in salaries, which represents 41.9% of their overall expenditure ($13.6M) and a 14.6% growth from the previous year. This is compared to a 0.544% growth between 2020 and 2021, and a 2.73% growth between 2019 and 2020.

The median for similar Special Focus Institutions is 3.17M (40.8% of overall expenditures).

Instructional Salaries

$2.05M

Instructional Salaries

Number of Employees

In 2022, Carolina University paid a total of $2.05M to 34 employees working as instructors, which represents 36.1% of all salaries paid.

This is compared to a median of $975k (30.7%) for similar Special Focus Institutions.

Occupations by Share

Assistant professor

Most Common Instructor

25 Employees

Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media

Most Common Non-Instructional Employee

18 Employees

In 2022, the most common positions for instructional staff at Carolina University were Assistant professor with 25 employees, Professor with 5 employees, and Lecturer with 3 employees.

In 2022, the most common positions for non-instructional staff at Carolina University were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 18 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 11 employees, and Business and Financial Operations with 6 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Female Assistant professor
Male Assistant professor
Female Lecturer

In 2022, the most common demographic for instructional staff at Carolina University was Female Assistant professor with 13 employees, Male Assistant professor with 12 employees, and Female Lecturer with 3 employees.

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

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