Finlandia University

www.finlandia.edu/

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2021 Undergraduate Tuition

$23,976

2.51% growth from 2020

2021 Average Net Price

$12,212

After Financial Aid

2019 Student Loan

3.09%

Default Rate

2021 Acceptance Rate

78.2%

1,836 Applicants

2021 Enrolled Students

424

90.8% Full-Time

2021 Graduation Rate

19.9%

28 Graduates

About

Finlandia University is a higher education institution located in Houghton County, MI. In 2021, the most popular Associates Degree concentrations at Finlandia University were Physical Therapy Technician (13 degrees awarded), General Studies (3 degrees), and Criminal Justice - Police Science (1 degrees).

In 2021, 60 degrees were awarded across all undergraduate and graduate programs at Finlandia University. 58.3% of these degrees were awarded to women, and 41.7% awarded men. The most common race/ethnicity group of degree recipients was white (33 degrees), 11 times more than then the next closest race/ethnicity group, hispanic or latino (3 degrees).

The median undergraduate tuition at Finlandia University is $23,976, which is $−4,529 less than the national average for Baccalaureate Colleges ($28,505).

Baccalaureate Colleges: Diverse Fields Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Finlandia University is $23,976, which is $−4,529 less than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $12,212.

In 2021, 100% of undergraduate students attending Finlandia University received financial aid through grants. Comparatively, 85% of undergraduate students received financial aid through loans.

Tuition Costs

$23,976

2021 Undergraduate Tuition

In 2021, the cost of tuition at Finlandia University was $23,976. The cost of tuition at Finlandia University is $−4,529 less than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

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

Average Net Price

$12,212

2021 Value

37.7%

1 Year Growth

In 2021 Finlandia University had an average net price — the price paid after factoring in grants and loans — of $12,212. Between 2020 and 2021, the average net price of Finlandia University grew by 37.7%.

This chart compares the average net price of Finlandia 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

$7,578

Room and Board

$1,500

Books and Supplies

The average yearly cost of room and board at Finlandia University was of $7,578 in 2021. The cost of room and board increased by 1.8% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,500. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

100%

Undergraduates Receiving Financial Aid through Grants

85%

Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Finlandia University received financial aid through grants or loans in 2021. This represents a growth of 12.4% with respect to 2020, when 89% of undergraduate students received financial aid.

This chart compares the average award discount at Finlandia 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.

3.09%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Finlandia University was 3.09%, which represents 5 out of the 162 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

Finlandia University received 1,836 undergraduate applications in 2021, which represents a 45.8% annual growth. Out of those 1,836 applicants, 1,436 students were accepted for enrollment, representing a 78.2% acceptance rate.

There were 424 students enrolled at Finlandia University in 2021.

Finlandia University has an overall enrollment yield of 8.84%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

78.2%

Acceptance Rate in 2021

1,436

Accepted Out of 1,836

In 2021, the undergraduate acceptance rate of Finlandia University was 78.2% (1,436 admissions from 1,836 applications). This is lower than the acceptance rate of 2020, which was 83%. Between 2020 and 2021, the number of applicants grew by 45.8%, while admissions grew by 37.4%..

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

Enrollment

Finlandia University had a total enrollment of 424 students in 2021. The full-time enrollment at Finlandia University is 385 students and the part-time enrollment is 39. This means that 90.8% of students enrolled at Finlandia University are enrolled full-time.

The enrolled student population at Finlandia University, both undergraduate and graduate, is 58% White, 11.6% Black or African American, 7.55% Hispanic or Latino, 3.77% Two or More Races, 1.65% American Indian or Alaska Native, and 0.472% Asian.

Students enrolled at Finlandia University in full-time Undergraduate programs are most commonly White Male (31.9%), followed by White Female (23.1%) and Black or African American Male (11.7%).

Full-Time vs Part-Time Enrollment

90.8%

Full-Time Enrollment

The total enrollment at Finlandia University in 2021, both undergraduate and graduate, is 424 students. The full-time enrollment at Finlandia University is 385 and the part-time enrollment is 39. This means that 90.8% of students enrolled at Finlandia University are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

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

Retention Rate over Time

40%

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 Finlandia University was 40%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Finlandia University had a retention rate lower than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
246 enrolled students
Black or African American
49 enrolled students
Hispanic or Latino
32 enrolled students

The enrolled student population at Finlandia University is 58% White, 11.6% Black or African American, 7.55% Hispanic or Latino, 3.77% Two or More Races, 1.65% American Indian or Alaska Native, and 0.472% Asian. 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.

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, 71 students (16.7%) did not report their race.

Graduates

In 2021, 10 more women than men received degrees from Finlandia University. The most common race/ethnicity group of degree recipients at Finlandia University is white (33 degrees awarded). There were 11 times more white recipients than the next closest race/ethnicity group, hispanic or latino (3 degrees).

The most common Associates Degree concentration at Finlandia University is Physical Therapy Technician (13 degrees awarded), followed by General Studies (3 degrees) and Criminal Justice - Police Science (1 degrees).

In 2021, the most specialized majors across all degree types at Finlandia University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are History (2 degrees awarded), Protective Services (6 degrees), and Business (18 degrees).

Common Jobs by Major

Registered nurses

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Finlandia University are Registered nurses (1,468,199 people), Accountants & auditors (1,073,632 people), Other managers (842,267 people), Financial managers (502,374 people), and Chief executives & legislators (419,096 people).

The most specialized majors at Finlandia University in 2021 are History (2 degrees awarded), Protective Services (6 degrees), Business (18 degrees), Health (20 degrees), and Psychology (4 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 Finlandia University are Surgeons, Physicians, Diagnostic medical sonographers, Magnetic resonance imaging technologists, and Securities, commodities, & financial services sales agents

The most specialized majors at Finlandia University are History (2 degrees awarded), Protective Services (6 degrees), Business (18 degrees), Health (20 degrees), and Psychology (4 degrees) (as of 2021).

Common Industries by Major

General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Finlandia University are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,936,762 people), Elementary & secondary schools (1,134,261 people), Colleges, universities & professional schools, including junior colleges (668,072 people), Justice, public order, & safety activities (576,704 people), and Computer Systems Design (560,989 people).

Majors Awarded

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

Most Common (2021)

Registered Nursing
7 degree-majors awarded
Criminal Justice - Police Science
5 degree-majors awarded
Small Business Administration & Management
5 degree-majors awarded

In 2021, the most common bachelors degree concentration at Finlandia University was Registered Nursing with 7 degrees awarded.

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

Sex Breakdown for Common Majors

Degrees Awarded to Men

in 2021

Degrees Awarded to Women

in 2021

In 2021, 25 degrees were awarded to men at Finlandia University, which is 0.714 times less than the number of degrees awarded to females (35).

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

Most Common Male Majors

In 2021, 4 degrees were awarded to men at Finlandia University in Criminal Justice - Police Science, which is 2 times more than the 2 female recipients with that same degree.

Most Common Female Majors

In 2021, 10 degrees were awarded to men at Finlandia University in Physical Therapy Technician, which is 3.33 times more than the 3 male recipients with that same degree.

Time to Complete

19%

100% Completion Time

31%

150% Completion Time

In 2021, 19% of students graduating from Finlandia University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 31% completed their degrees within 150% of the normal time, and 32% 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.

Two or More Races Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Finlandia University is Male and Two or More Races (100% 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
33 degrees awarded
Hispanic or Latino
3 degrees awarded
Two or More Races
3 degrees awarded

The most common race/ethnicity at Finlandia University is white (33 degrees awarded). There were 11 times more white recipients than the next closest race/ethnicity group, hispanic or latino (3 degrees).

28.3% of degree recipients (17 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
22 degrees awarded
White Male
11 degrees awarded
Hispanic or Latino Female
3 degrees awarded

The most common race/ethnicity and sex grouping at Finlandia University is white female (22 degrees awarded). There were 2 times more white female recipients than the next closest race/ethnicity group, white male (11 degrees).

Operations

Finlandia University has an endowment valued at nearly $5.97M, as of the end of the 2021 fiscal year. The return on its endowment was of 88.8k (1.49%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Finlandia University had a total salary expenditure of 11.8M. Finlandia University employs 14 Assistant professors, 12 Associate professors and 3 Professors. Most academics at Finlandia University are Female Assistant professor (10), Male Associate professor (7), and Female Associate professor (5).

The most common positions for non-instructional staff at Finlandia University are: Management, with 20 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 17 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 17 employees.

Endowment

$5.97M

2021 Endowment

3.19%

growth from 2020

Finlandia University has an endowment valued at about $5.97M, as of the end of the 2021 fiscal year. The endowment of Finlandia University grew 3.19% from the previous year. The value of their endowment was $46.4M lower than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Finlandia University (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

$4.5M

2021 Salaries

25.8%

decline from 2020

In 2021, Finlandia University paid a median of $4.5M in salaries, which represents 38.1% of their overall expenditure ($11.8M) and a 25.8% decline from the previous year.

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

Instructional Salaries

$1.64M

Instructional Salaries

Number of Employees

In 2021, Finlandia University paid a total of $1.64M to 31 employees working as instructors, which represents 36.5% of all salaries paid.

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

Occupations by Share

Assistant professor

Most Common Instructor

14 Employees

Management

Most Common Non-Instructional Employee

20 Employees

In 2021, the most common positions for instructional staff at Finlandia University were Assistant professor with 14 employees, Associate professor with 12 employees, and Professor with 3 employees.

In 2021, the most common positions for non-instructional staff at Finlandia University were Management with 20 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 17 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 17 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Male Associate professor
Female Associate professor

In 2021, the most common demographic for instructional staff at Finlandia University was Female Assistant professor with 10 employees, Male Associate professor with 7 employees, and Female Associate professor with 5 employees.

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