Louisburg College

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2022 Undergraduate Tuition
$18,980
5.59% growth from 2021
2022 Average Net Price
$21,419
After Financial Aid
2019 Default Rate
10.3%
on Student Loans
2022 Acceptance Rate
86.4%
1,026 Applicants
2022 Enrolled Students
434
97.7% Full-Time
2022 Graduation Rate
69.3%
190 Graduates

About

Louisburg College is a higher education institution located in Franklin County, NC. In 2022, the most popular Associates Degree concentrations at Louisburg College were Liberal Arts & Sciences (86 degrees awarded), General Business (18 degrees), and General Biological Sciences (13 degrees).

In 2022, 117 degrees were awarded across all undergraduate and graduate programs at Louisburg College. 35% of these degrees were awarded to women, and 65% awarded men. The most common race/ethnicity group of degree recipients was black or african american (53 degrees), 1.1 times more than then the next closest race/ethnicity group, white (48 degrees).

The median undergraduate tuition at Louisburg College is $18,980, which is $10,868 more than the national average for Associates Colleges ($8,112).

Costs

In 2022, the median undergraduate tuition at Louisburg College is $18,980, which is $10,868 more than the national average for Associates Colleges ($8,112).

After taking grants and loans into account, the average net price for students is $21,419.

In 2022, 76% of undergraduate students attending Louisburg College received financial aid through grants. Comparatively, 60% of undergraduate students received financial aid through loans.

Tuition Costs

$18,980
2022 Undergraduate Tuition

In 2022, the cost of tuition at Louisburg College was $18,980. The cost of tuition at Louisburg College is $10,868 more than than the overall (public and private) national average for Associates Colleges ($8,112).

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Average Net Price

$21,419
2022 Value
7.74%
1 Year Growth

In 2022 Louisburg College had an average net price — the price paid after factoring in grants and loans — of $21,419. Between 2021 and 2022, the average net price of Louisburg College grew by 7.74%.

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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

$9,455
Room and Board
$300
Books and Supplies

The average yearly cost of room and board at Louisburg College was of $9,455 in 2022. The cost of room and board increased by 8.3% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $300. The cost of books and supplies did not change during the same period.

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Financial Aid by Income Level

76%
Undergraduates Receiving Financial Aid through Grants
60%
Undergraduates Receiving Financial Aid through Loans

76% of undergraduate students at Louisburg College received financial aid through grants or loans in 2022. This represents a decline of 22.4% with respect to 2021, when 98% of undergraduate students received financial aid.

This chart compares the average award discount at Louisburg 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.

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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.
10.3%
2019 Default Rate
43
Number of Defaults

In 2019 the default rate for borrower's at Louisburg College was 10.3%, which represents 43 out of the 416 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

Louisburg College received 1,026 undergraduate applications in 2022, which represents a 80% annual growth. Out of those 1,026 applicants, 886 students were accepted for enrollment, representing a 86.4% acceptance rate.

There were 434 students enrolled at Louisburg College in 2022.

Louisburg College has an overall enrollment yield of 26.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

86.4%
Acceptance Rate in 2022
886
Accepted Out of 1,026

In 2022, the undergraduate acceptance rate of Louisburg College was 86.4% (886 admissions from 1,026 applications). This is higher than the acceptance rate of 2021, which was 81.6%. Between 2021 and 2022, the number of applicants grew by 80%, while admissions grew by 90.5%..

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

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Enrollment

Louisburg College had a total enrollment of 434 students in 2022. The full-time enrollment at Louisburg College is 424 students and the part-time enrollment is 10. This means that 97.7% of students enrolled at Louisburg College are enrolled full-time.

The enrolled student population at Louisburg College, both undergraduate and graduate, is 59.9% Black or African American, 24% White, 7.83% Hispanic or Latino, 4.15% Two or More Races, 0.461% Asian, and 0.461% American Indian or Alaska Native.

Students enrolled at Louisburg College in full-time Undergraduate programs are most commonly Black or African American Male (52.1%), followed by White Male (14.4%) and White Female (9.2%).

Full-Time vs Part-Time Enrollment

97.7%
Full-Time Enrollment

The total enrollment at Louisburg College in 2022, both undergraduate and graduate, is 434 students. The full-time enrollment at Louisburg College is 424 and the part-time enrollment is 10. This means that 97.7% of students enrolled at Louisburg College are enrolled full-time compared with 32.2% at similar Associates Colleges.

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

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Retention Rate over Time

42%
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 Louisburg College was 42%. Compared with the full-time retention rate at similar Associates Colleges (62%), Louisburg College had a retention rate lower than its peers.

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

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. Black or African American
    260 enrolled students
  2. White
    104 enrolled students
  3. Hispanic or Latino
    34 enrolled students

The enrolled student population at Louisburg College is 59.9% Black or African American, 24% White, 7.83% Hispanic or Latino, 4.15% Two or More Races, 0.461% Asian, and 0.461% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Associates Colleges is 42.9% White, 27.9% Hispanic or Latino, and 12.5% 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, 7 students (1.61%) did not report their race.

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Graduates

In 2022, 35 fewer women than men received degrees from Louisburg College. The most common race/ethnicity group of degree recipients at Louisburg College is black or african american (53 degrees awarded). There were 1.1 times more black or african american recipients than the next closest race/ethnicity group, white (48 degrees).

The most common Associates Degree concentration at Louisburg College is Liberal Arts & Sciences (86 degrees awarded), followed by General Business (18 degrees) and General Biological Sciences (13 degrees).

In 2022,  the most specialized majors across all degree types at Louisburg College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Liberal Arts & Humanities (86 degrees awarded), Biology (13 degrees), and Business (18 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 Louisburg College are Accountants & auditors (1,035,819 people), Other managers (766,868 people), Financial managers (493,841 people), Physicians (406,288 people), and Chief executives & legislators (392,682 people).

The most specialized majors at Louisburg College in 2022 are Liberal Arts & Humanities (86 degrees awarded), Biology (13 degrees), and Business (18 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 Louisburg College are Surgeons, Skincare specialists, Broadcast announcers and radio disc jockeys, Physicians, and Correspondence clerks & order clerks

The most specialized majors at Louisburg College are Liberal Arts & Humanities (86 degrees awarded), Biology (13 degrees), and Business (18 degrees) (as of 2022).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Louisburg College are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (740,293 people), Elementary & secondary schools (681,949 people), Colleges, universities & professional schools, including junior colleges (584,711 people), Computer Systems Design (542,262 people), and Banking & related activities (486,271 people).

The most specialized majors at Louisburg College are Liberal Arts & Humanities (86 degrees awarded), Biology (13 degrees), and Business (18 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 Louisburg College.
Most Common (2022)
  1. 86 degrees awarded
  2. 18 degrees awarded
  3. 13 degrees awarded

In 2022, the most common associates degree concentration at Louisburg College was Liberal Arts & Sciences with 86 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Louisburg College according to their major.

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Sex Breakdown for Common Majors

76
Degrees Awarded to Men
in 2022
41
Degrees Awarded to Women
in 2022

In 2022, 76 degrees were awarded to men at Louisburg College, which is 1.85 times more than the number of degrees awarded to females (41).

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

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Most Common Male Majors

In 2022, 62 degrees were awarded to men at Louisburg College in Liberal Arts & Sciences, which is 2.58 times more than the 24 female recipients with that same degree.

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Most Common Female Majors

In 2022, 24 degrees were awarded to men at Louisburg College in Liberal Arts & Sciences, which is 0.387 times less than the 62 male recipients with that same degree.

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Time to Complete

5%
100% Completion Time
73%
150% Completion Time

In 2022, 5% of students graduating from Louisburg College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 73% completed their degrees within 150% of the normal time, and 73% within 200%.

The following chart shows these completion rates over time compared to the average for the Associates 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Female
Highest Graduation Rate (85.2%)

The student demographic with the highest graduation rate in 2022 at Louisburg College is Female and Black or African American (85.2% graduation rate). Across all Associates Colleges, 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, 4.21% of graduates (8 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. Black or African American
    53 degrees awarded
  2. White
    48 degrees awarded
  3. Hispanic or Latino
    8 degrees awarded

The most common race/ethnicity at Louisburg College is black or african american (53 degrees awarded). There were 1.1 times more black or african american recipients than the next closest race/ethnicity group, white (48 degrees).

1.71% of degree recipients (2 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. Black or African American Male
    35 degrees awarded
  2. White Male
    28 degrees awarded
  3. White Female
    20 degrees awarded

The most common race/ethnicity and sex grouping at Louisburg College is black or african american male (35 degrees awarded). There were 1.25 times more black or african american male recipients than the next closest race/ethnicity group, white male (28 degrees).

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Operations

Louisburg College has an endowment valued at nearly $14.8M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−6.95%) compared to the 0.843% average return (43.9k on 5.21M) across all Associates Colleges.

In 2022, Louisburg College had a total salary expenditure of 18M. Louisburg College employs 6 Instructors, 3 Associate professors and 2 Professors. Most academics at Louisburg College are Female Instructor (5), Male Associate professor (2), and Male Instructor (1).

The most common positions for non-instructional staff at Louisburg College are: Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media, with 24 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 11 employees, and Office and Administrative Support with 9 employees.

Endowment

$14.8M
2022 Endowment
9.19%
decline from 2021

Louisburg College has an endowment valued at about $14.8M, as of the end of the 2022 fiscal year. The endowment of Louisburg College declined 9.19% from the previous year. The value of their endowment was $9.59M higher than than the median endowment of Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Associates Colleges: High Transfer-High Traditional Carnegie Classification grouping.

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Salary Expenditure

$4.15M
2022 Salaries
4.91%
decline from 2021

In 2022, Louisburg College paid a median of $4.15M in salaries, which represents 23% of their overall expenditure ($18M) and a 4.91% decline from the previous year.

The median for similar Associates Colleges is 16.8M (40.1% of overall expenditures).

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Instructional Salaries

$542k
Instructional Salaries
13
Number of Employees

In 2022, Louisburg College paid a total of $542k to 13 employees working as instructors, which represents 13.1% of all salaries paid.

This is compared to a median of $5.35M (31.8%) for similar Associates Colleges.

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Occupations by Share

Instructor
Most Common Instructor
6 Employees
Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media
Most Common Non-Instructional Employee
24 Employees

In 2022, the most common positions for instructional staff at Louisburg College were Instructor with 6 employees, Associate professor with 3 employees, and Professor with 2 employees.

In 2022, the most common positions for non-instructional staff at Louisburg College were Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 24 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 11 employees, and Office and Administrative Support with 9 employees.

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Instructors by Academic Rank and Sex

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

In 2022, the most common demographic for instructional staff at Louisburg College was Female Instructor with 5 employees, Male Associate professor with 2 employees, and Male Instructor with 1 employees.

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

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