Luther Rice College & Seminary

www.lutherrice.edu

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    2024 Undergraduate Tuition
    $9,840
    7.33% growth from 2023
    2024 Average Net Price
    $27,883
    After Financial Aid
    2024 Acceptance Rate
    91.7%
    12 Applicants
    2024 Enrolled Students
    508
    19.9% Full-Time

    About

    Luther Rice College & Seminary is a higher education institution located in N/A. N/A

    In 2024, 127 degrees were awarded across all undergraduate and graduate programs at Luther Rice College & Seminary. 31.5% of these degrees were awarded to women, and 68.5% awarded men. The most common race/ethnicity group of degree recipients was white (71 degrees), 1.39 times more than then the next closest race/ethnicity group, black or african american (51 degrees).

    The median undergraduate tuition at Luther Rice College & Seminary is $9,840.

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

    Costs

    In 2024, the median undergraduate tuition at Luther Rice College & Seminary is $9,840.

    After taking grants and loans into account, the average net price for students is $27,883.

    In 2024, 64% of undergraduate students attending Luther Rice College & Seminary received financial aid through grants. Comparatively, 45% of undergraduate students received financial aid through loans.

    Tuition Costs

    $9,840
    2024 Undergraduate Tuition

    In 2024, the cost of tuition at Luther Rice College & Seminary was $9,840.

    This chart compares the tuition costs of Luther Rice College & Seminary (in red) with those of other similar universities.

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    Average Net Price

    $27,883
    2024 Value
    609%
    1 Year Growth

    In 2024 Luther Rice College & Seminary had an average net price — the price paid after factoring in grants and loans — of $27,883. Between 2023 and 2024, the average net price of Luther Rice College & Seminary grew by 609%.

    This chart compares the average net price of Luther Rice College & Seminary (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

    $16,736
    Room and Board
    $1,608
    Books and Supplies

    The average yearly cost of room and board at Luther Rice College & Seminary was of $16,736 in 2024. The cost of room and board decreased by 6.15% between 2023 and 2024.

    During the same period, the average yearly cost of books and supplies was $1,608. The cost of books and supplies increased by 209% during the same period.

    This chart compares the average student costs at Luther Rice College & Seminary (in red) with that of similar universities.

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    Financial Aid by Income Level

    64%
    Undergraduates Receiving Financial Aid through Grants
    45%
    Undergraduates Receiving Financial Aid through Loans

    64% of undergraduate students at Luther Rice College & Seminary received financial aid through grants or loans in 2024. This represents a growth of 6.67% with respect to 2023, when 60% of undergraduate students received financial aid.

    This chart compares the average award discount at Luther Rice College & Seminary (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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    Admissions

    Luther Rice College & Seminary received 12 undergraduate applications in 2024, which represents a 65.7% annual growth. Out of those 12 applicants, 11 students were accepted for enrollment, representing a 91.7% acceptance rate.

    There were 508 students enrolled at Luther Rice College & Seminary in 2024.

    Luther Rice College & Seminary has an overall enrollment yield of 72.7%, which represents the number of admitted students who ended up enrolling.

    Acceptance Rate

    91.7%
    Acceptance Rate in 2024
    11
    Accepted Out of 12

    In 2024, the undergraduate acceptance rate of Luther Rice College & Seminary was 91.7% (11 admissions from 12 applications). This is higher than the acceptance rate of 2023, which was 34.3%. Between 2023 and 2024, the number of applicants declined by 65.7%, while admissions declined by 8.33%.

    This chart compares the acceptance rate of Luther Rice College & Seminary (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

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    Enrollment

    Luther Rice College & Seminary had a total enrollment of 508 students in 2024. The full-time enrollment at Luther Rice College & Seminary is 101 students and the part-time enrollment is 407. This means that 19.9% of students enrolled at Luther Rice College & Seminary are enrolled full-time.

    The enrolled student population at Luther Rice College & Seminary, both undergraduate and graduate, is 47% White, 41.9% Black or African American, 4.33% Hispanic or Latino, 3.15% Asian, and 0.394% American Indian or Alaska Native.

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    Full-Time vs Part-Time Enrollment

    19.9%
    Full-Time Enrollment

    The total enrollment at Luther Rice College & Seminary in 2024, both undergraduate and graduate, is 508 students. The full-time enrollment at Luther Rice College & Seminary is 101 and the part-time enrollment is 407.

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

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    Retention Rate over Time

    50%
    2024 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 Luther Rice College & Seminary was 50%.

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

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    Enrollment by Race & Ethnicity

    Most Common Race or Ethnicity (2024)
    1. White
      239 enrolled students
    2. Black or African American
      213 enrolled students
    3. Hispanic or Latino
      22 enrolled students

    The enrolled student population at Luther Rice College & Seminary is 47% White, 41.9% Black or African American, 4.33% Hispanic or Latino, 3.15% Asian, and 0.394% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates.

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    Graduates

    In 2024, 47 fewer women than men received degrees from Luther Rice College & Seminary. The most common race/ethnicity group of degree recipients at Luther Rice College & Seminary is white (71 degrees awarded). There were 1.39 times more white recipients than the next closest race/ethnicity group, black or african american (51 degrees).

    In 2024,  the most specialized majors across all degree types at Luther Rice College & Seminary, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (122 degrees awarded), Business (4 degrees), and Psychology (1 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 Luther Rice College & Seminary are Accountants & auditors (1,024,174 people), Other managers (801,143 people), Financial managers (537,091 people), Chief executives & legislators (421,436 people), and Human resources workers (299,894 people).

    The most specialized majors at Luther Rice College & Seminary in 2024 are Theology (122 degrees awarded), Business (4 degrees), and Psychology (1 degrees) (as of 2024).

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    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 Luther Rice College & Seminary are Surgeons, Gaming services workers, Physicians, Nuclear medicine technologists and medical dosimetrists, and Diagnostic medical sonographers

    The most specialized majors at Luther Rice College & Seminary are Theology (122 degrees awarded), Business (4 degrees), and Psychology (1 degrees) (as of 2024).

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    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 Luther Rice College & Seminary are Elementary & secondary schools (845,685 people), Computer Systems Design (607,599 people), Colleges, universities & professional schools, including junior colleges (510,342 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (505,198 people), and Banking & related activities (466,263 people).

    The most specialized majors at Luther Rice College & Seminary are Theology (122 degrees awarded), Business (4 degrees), and Psychology (1 degrees) (as of 2024).

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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 Luther Rice College & Seminary.
    Most Common (2024)
    1. Biblical Studies
      25 degrees awarded
    2. General Psychology
      1 degrees awarded

    In 2024, the most common bachelors degree concentration at Luther Rice College & Seminary was Biblical Studies with 25 degrees awarded.

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

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    Sex Breakdown for Common Majors

    87
    Degrees Awarded to Men
    in 2024
    40
    Degrees Awarded to Women
    in 2024

    In 2024, 87 degrees were awarded to men at Luther Rice College & Seminary, which is 2.17 times more than the number of degrees awarded to females (40).

    This chart displays the sex disparity between the top 5 majors at Luther Rice College & Seminary by degrees awarded.

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    Most Common Male Majors

    N/A

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    Most Common Female Majors

    N/A

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    Time to Complete

    25%
    150% Completion Time

    In 2022, 25% of students graduating from Luther Rice College & Seminary completed their program within 150% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 50% completed their degrees within 200% of the normal time.

    The following chart shows these completion rates over time compared to the average for the N/A 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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    Race & Ethnicity by Share

    Most Common Student Race or Ethnicity (2024)
    1. White
      71 degrees awarded
    2. Black or African American
      51 degrees awarded
    3. Hispanic or Latino
      3 degrees awarded

    The most common race/ethnicity at Luther Rice College & Seminary is white (71 degrees awarded). There were 1.39 times more white recipients than the next closest race/ethnicity group, black or african american (51 degrees).

    0.787% of degree recipients (1 students) did not report their race.

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    Race & Ethnicity by Sex

    Most Common Sex Demographic (2024)
    1. White Male
      156 degrees awarded
    2. White Male
      151 degrees awarded
    3. White Male
      137 degrees awarded

    The most common race/ethnicity and sex grouping at Luther Rice College & Seminary is white male (156 degrees awarded). There were 1.03 times more white male recipients than the next closest race/ethnicity group, white male (151 degrees).

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    Operations

    Luther Rice College & Seminary has an endowment valued at nearly $1.37M, as of the end of the 2024 fiscal year.

    In 2024, Luther Rice College & Seminary had a total salary expenditure of 3.97M. Luther Rice College & Seminary employs 8 Assistant professors, 7 Professors and 5 Associate professors. Most academics at Luther Rice College & Seminary are Male Assistant professor (8), Male Professor (7), and Male Associate professor (4).

    The most common positions for non-instructional staff at Luther Rice College & Seminary are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 6 employees, Office and Administrative Support, with 3 employees, and Business and Financial Operations with 3 employees.

    Endowment

    $1.37M
    2024 Endowment
    4.93%
    growth from 2023

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

    The small bar chart below shows the endowment quintiles for all universities in the N/A Carnegie Classification grouping.

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    Instructional Salaries

    $1.03M
    Instructional Salaries
    21
    Number of Employees

    In 2024, Luther Rice College & Seminary paid a total of $1.03M to 21 employees working as instructors, which represents 44.1% of all salaries paid.

    This is compared to a median of $N/A (N/A%) for similar N/A.

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    Occupations by Share

    In 2024, the most common positions for non-instructional staff at Luther Rice College & Seminary were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 6 employees, Office and Administrative Support with 3 employees, and Business and Financial Operations with 3 employees.

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