Carroll University
Waukesha, WI 53186 — Private Nonprofit
Value Score: 85/100 | ROI Score: -63 | Affordability Score: 55/100
Tuition (In-State): $38,890 | Out-of-State: $38,890
Acceptance Rate: 66.8% | Graduation Rate: 70.2% | Retention Rate: 78.3%
Median Earnings (10yr): $58,009 | Median Debt: $27,000
SAT Average: 1190 | ACT Midpoint: 25
Student Body Size: 2,523 (medium)
Pell Grant Recipients: 22.9% | Federal Loan Rate: 58.6%
Average Faculty Salary: $8,605/month
Tuition & Affordability Analysis
In-state tuition at Carroll University is $38,890 per year, which is near the national average for private institutions.
Out-of-state students pay $38,890/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $155,560 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Carroll University:
- Families earning $0–$30,000: $15,718/year
- Families earning $30,001–$48,000: $16,875/year
- Families earning $48,001–$75,000: $14,134/year
- Families earning $75,001–$110,000: $15,730/year
- Families earning $110,000+: $14,891/year
Low-income families receive an average discount of $23,172/year, paying just 40% of the sticker price.
Admissions Snapshot
Carroll University has an acceptance rate of 66.8%, placing it in the Moderately Selective (50–70%) category. This means roughly 944 students apply each year.
The average SAT score of admitted students is 1190, 12% above the national average. This is within the mid-range nationally.
The ACT midpoint is 25, 19% above the national average.
Graduate Outcomes & Return on Investment
70.2% of students at Carroll University complete their degree, 13% above the national average. This is a solid graduation rate.
First-year retention rate: 78.3% (3% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Carroll University earn a median salary of $58,009 ten years after enrollment, 42% above the national average. This represents a $23,009/year earnings premium over the average high school diploma holder, or $690,270 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $27,000, 26% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $293/month, with a total repayment of $35,160 (including $8,160 in interest).
Debt-to-Earnings Ratio: 0.47x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Carroll University pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
22.9% of students at Carroll University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 31% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
58.6% of students take federal loans, 25% above the national average. This is a moderate borrowing rate.
Average faculty salary: $8,605/month, near the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Carroll University enrolls 2,523 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 49/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 70%, Hispanic 14%, Black 4%, Asian 3%.
Carroll University: Medium-Sized Private Nonprofit with Strong Graduation and Career Outcomes
- Carroll University: Investing in Your Future with Strong Midwestern Career Ties
- Beyond the Classroom: How Carroll University Shapes Successful Healthcare and Business Leaders
- Waukesha's Gem: Discovering Value and Opportunity at Carroll University
Report Card: Overall Grade C-
Carroll University receives an overall grade of C- based on six dimensions:
- Academics: C+
- Value: F
- Outcomes: B
- Affordability: C+
College Analysis
Carroll University is a Private Nonprofit institution in Waukesha, WI with approximately 2,523 students. Academics: Carroll University has a strong graduation rate of 70.15%, indicating a supportive academic environment. Value: The university offers a relatively low tuition of $38,890, making it more affordable compared to many private institutions. Outcomes: Graduates earn a median salary of $58,009 after 10 years, suggesting good career preparation and networking opportunities.
The Verdict: Is Carroll University Worth It?
Carroll University presents a mixed financial proposition. With an out-of-state tuition of $38,890 and a median 10-year earning potential of $58,009, the initial cost is substantial. The median debt of $27,000 is manageable, but the negative ROI score of -63 suggests that, on average, graduates do not recoup their investment quickly compared to the national average. The debt payoff timeline, assuming a standard repayment plan and a portion of the median salary directed towards debt, could extend beyond 5-7 years, especially when factoring in living expenses. While the university offers valuable career services and internship opportunities that can boost earning potential, the raw financial data indicates that Carroll may be overpriced for the average graduate's immediate return on investment. It's not a hidden gem from a purely financial standpoint, nor is it an outright bad deal if specific high-earning majors or strong career placements are achieved. However, prospective students must carefully weigh the cost against their chosen major's earning potential and explore all available financial aid options. Recommendation: Proceed with caution, prioritizing majors with strong earning potential and actively leveraging career services to maximize post-graduation outcomes.
Return on Investment
While the degree is worth the cost given the strong career outcomes and supportive academic environment, the relatively high median debt may be a concern.
Debt Reality Check
Median student debt at Carroll University: $27,000. Monthly payment on a standard 10-year plan: $307/month. Total repaid: $36,840 ($9,840 in interest).
Breakeven vs high school diploma: 1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.
Strengths
- Strong graduation and career outcomes
- Affordable tuition
- Supportive academic environment
Weaknesses
- Predominantly white student body
- Limited on-campus resources and facilities
- Median debt is still a concern for some students
Academic Profile
SAT Average: 1190. ACT Midpoint: 25. Retention Rate: 78.3%.
Carroll University prides itself on a strong liberal arts foundation complemented by robust professional programs, creating a dynamic academic environment for its 2,523 students. While specific faculty salary data isn't provided, the university's commitment to personalized education is evident in its relatively small size, suggesting a favorable student-faculty ratio that facilitates close mentorship. The College of Arts and Sciences offers a broad spectrum of majors, with particular strengths in areas like Biology, Psychology, and English. However, Carroll truly shines with its pre-professional and professional programs, especially in the health sciences. The Physician Assistant Studies program is highly regarded, as are the Nursing, Occupational Therapy, and Physical Therapy programs, which benefit from state-of-the-art facilities and clinical partnerships throughout the Milwaukee metropolitan area. The School of Business and Technology also offers sought-after programs in fields like Marketing and Information Technology. Undergraduate research is actively encouraged, providing students with opportunities to work alongside faculty on meaningful projects, often leading to presentations at academic conferences or co-authored publications. Carroll's Honors Program offers a challenging curriculum for high-achieving students, featuring smaller class sizes, interdisciplinary seminars, and opportunities for independent study. Study abroad programs are available, allowing students to broaden their horizons and gain global perspectives. Academic support is a cornerstone of the Carroll experience, with the Center for Academic Success providing tutoring, writing support, and academic advising to ensure students have the resources they need to thrive.
Financial Aid Guide for Carroll University
Pell Grant recipients: 22.9%. Students taking federal loans: 58.6%.
Navigating financial aid at Carroll University involves understanding both merit-based and need-based opportunities. Given its private, nonprofit status and an admission rate of 66.8%, Carroll likely offers a significant amount of institutional aid to attract and retain students. Merit scholarships are a key component, awarded based on academic achievement (GPA and, when considered, test scores). While specific SAT/ACT data is unavailable, strong high school performance is crucial for securing these awards. For the 2023-2024 academic year, tuition alone was $38,890. It's reasonable to expect that merit scholarships could range from a few thousand dollars to potentially covering a substantial portion of tuition for top candidates. Need-based aid, determined by the FAFSA, is also critical. For families with an Expected Family Contribution (EFC) below a certain threshold, Carroll likely provides grants and institutional aid to bridge the gap between costs and what families can afford. Work-study opportunities are also available, offering students part-time employment on campus to help cover living expenses. Typical aid packages can vary widely, but for students with strong academic profiles and demonstrated financial need, packages could potentially range from $15,000 to $30,000 or more, combining merit scholarships, grants, and potentially work-study. Scholarship tips include applying early, highlighting extracurricular involvement and leadership in essays, and seeking out external scholarships. While Carroll is generally considered a good partner in financial aid, negotiating aid packages is possible, especially if you have competing offers from similarly ranked institutions. Be prepared to present a clear case for why additional aid is needed, backed by documentation.
Hidden Costs at Carroll University
- Room and board costs can add an estimated $10,000 - $14,000 per academic year, depending on the chosen meal plan and housing assignment.
- Textbooks and course materials can easily cost $1,000 - $1,500 annually, with some specialized courses requiring more expensive resources.
- Student activity fees, technology fees, and other miscellaneous campus fees can total around $500 - $1,000 per year.
- Transportation costs, including gas, car maintenance, or public transit passes for commuting or weekend trips, can range from $500 - $2,000 annually.
- Parking permits for students who bring cars to campus can cost $100 - $300 per academic year.
- Personal expenses, such as toiletries, laundry, entertainment, and snacks, can add $1,000 - $2,500 per year.
- Health insurance, if not covered by a parent's plan, can cost upwards of $2,000 - $3,000 annually through the university's plan.
Alumni Outcomes & Career Paths
Carroll University graduates enter a diverse job market, with many finding opportunities within Wisconsin and the broader Midwest. Major employers known to recruit from Carroll include large healthcare systems like Ascension Wisconsin, Froedtert Health, and Aurora Health Care, reflecting the university's strong programs in nursing and health sciences. Other significant recruiters often include financial institutions such as Northwestern Mutual and Associated Bank, as well as manufacturing and technology firms like Rockwell Automation and GE Healthcare, particularly for business and engineering graduates. The primary industries where alumni cluster are healthcare, education, finance, and manufacturing. While specific graduate school placement rates are not publicly detailed, Carroll's strong emphasis on pre-professional programs suggests a solid pathway for students pursuing advanced degrees in medicine, law, and physical therapy. Notable alumni include figures like former NFL player and coach Mike Holmgren and various leaders in regional business and healthcare. Carroll's career services are generally well-regarded for providing personalized support, resume workshops, and interview coaching. The university actively cultivates internship pipelines with local and regional businesses, offering students practical experience before graduation. Geographic hiring patterns show a strong concentration of alumni within a 100-mile radius of Waukesha, particularly in the Milwaukee metropolitan area, but also extending to Chicago and other Midwestern cities.
Campus Life & Culture at Carroll University
Carroll University attracts a student body primarily from Wisconsin, with a growing number of students from neighboring states and a small but increasing national and international presence. The university fosters a supportive and engaged community where students who are motivated, community-oriented, and seeking a personalized educational experience tend to thrive.
Carroll University, nestled in the vibrant city of Waukesha, WI, offers a close-knit campus community with a distinctly Midwestern feel. With just over 2,500 students, the university fosters an environment where personal connections are paramount. The campus itself is a blend of historic architecture and modern facilities, creating a welcoming atmosphere. Student life is active and diverse, with over 100 student organizations catering to a wide array of interests, from academic clubs like the Pre-Med Society to recreational groups and cultural organizations. The Pioneer Activities Council (PAC) is a key player in organizing campus events, including popular traditions like the annual 'Pioneer Days' homecoming celebration and the 'Winter Carnival.' Greek life is present but not dominant, with a few fraternities and sororities contributing to the social fabric and offering leadership opportunities. Athletics are a significant part of the Carroll experience, with the Pioneers competing in the NCAA Division III Midwest Conference, fostering school spirit at games and events. Housing options are plentiful, with several on-campus residence halls available for freshmen and upperclassmen, often featuring study lounges and community kitchens. Many students also opt to live in apartments or houses in the surrounding Waukesha neighborhoods, which are known for being safe and affordable, offering a taste of local life just a short walk or drive from campus. Dining services provide a range of options, from traditional dining halls to grab-and-go cafes, with meal plans designed to accommodate various student needs. The overall vibe at Carroll is one of engaged learning, community involvement, and a strong sense of belonging, where students are encouraged to explore their passions both inside and outside the classroom.
Campus Highlights
- Strong emphasis on health sciences programs, particularly Physician Assistant Studies, Nursing, and Physical Therapy.
- Commitment to undergraduate research opportunities, allowing students to collaborate with faculty.
- Active student life with over 100 organizations and a vibrant campus events calendar.
- The 'Pioneer Spirit' fostered through athletics and traditions like Pioneer Days.
- A blend of historic and modern campus architecture creating a welcoming environment.
- Close-knit community feel due to the university's size, promoting strong student-faculty relationships.
- Location in Waukesha provides access to both a suburban setting and proximity to the larger Milwaukee metropolitan area.
Location & Regional Advantages
Carroll University's location in Waukesha, Wisconsin, offers a blend of suburban tranquility and proximity to a major metropolitan hub. Waukesha itself boasts a lower cost of living compared to larger cities, making it an attractive base for recent graduates managing student debt. The immediate job market in Waukesha and surrounding Waukesha County is robust, with a significant presence in healthcare, advanced manufacturing, and professional services. Crucially, Carroll is situated just 20 miles west of Milwaukee, Wisconsin's largest city. This proximity provides students and alumni with direct access to a much larger and more diverse job market, including major employers in healthcare (Ascension, Froedtert), finance (Northwestern Mutual), and industry (Harley-Davidson, GE Healthcare). The Milwaukee area is also a growing hub for technology and startups, offering emerging career paths. Beyond the immediate economic advantages, the region offers a good quality of life with numerous parks, lakes, and cultural attractions. While Wisconsin winters can be harsh, the summers are pleasant, and the overall safety of Waukesha and its surrounding communities is a significant draw. This strategic location allows Carroll graduates to benefit from a lower cost of living while still tapping into the extensive career opportunities of a major Midwestern city, enhancing their post-graduation prospects.
How to Get Into Carroll University
Applying to Carroll University, with its 66.8% admission rate, suggests a moderately selective process where a strong academic record and a genuine interest in the university are key. While Early Decision (ED) and Early Action (EA) options are not explicitly detailed, applying through either, if available, can demonstrate heightened interest and potentially provide a slight admissions advantage, especially if your profile is strong. The admissions committee likely values a well-rounded applicant who not only excels academically but also demonstrates leadership, community involvement, and a commitment to service. Focus on presenting a GPA that is competitive within the context of Carroll's admitted student profile; while specific ranges are unavailable, aiming for a B+ to A- average is a good target. Essays are a crucial component for showcasing your personality and fit. Consider topics that highlight your personal growth, your response to challenges, your passion for a particular field of study, or how you envision contributing to the Carroll community. Demonstrated interest can be shown through campus visits (virtual or in-person), attending information sessions, engaging with admissions counselors, and following Carroll on social media. The application timeline should prioritize submitting your application well before the deadlines, ideally by the early action/decision date if you are certain Carroll is your top choice, and no later than the regular decision deadline, typically in late winter or early spring.
How Carroll University Compares to Similar Schools
Similar schools: Marquette University, University of Wisconsin-Milwaukee, St. Norbert College, Lawrence University
Advantages
- Strong emphasis on health sciences and nursing programs with established local healthcare partnerships.
- Smaller class sizes and a more personalized, liberal arts-focused educational experience compared to larger public universities.
- Active alumni network within the greater Milwaukee area and Wisconsin.
- Commitment to undergraduate research and faculty mentorship.
Disadvantages
- Higher tuition cost compared to public university peers like UW-Milwaukee.
- Fewer national brand recognition and recruitment reach compared to larger, more established private institutions.
- Potentially fewer diverse internship opportunities outside of the immediate Wisconsin region.
Best For
- Best for students seeking a supportive academic environment with a strong focus on graduation rates.
- Best for students who prioritize affordability and career readiness.
Avoid If
- Avoid if you are looking for a highly diverse student body, as the majority of students are white.
- Avoid if you need extensive on-campus resources or facilities, as the university is medium-sized.
Frequently Asked Questions about Carroll University
How much does it cost to attend Carroll University?
In-state tuition at Carroll University is $38,890 per year, and out-of-state tuition is $38,890 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Carroll University?
Carroll University has an acceptance rate of 66.8%.
What is the graduation rate at Carroll University?
Carroll University has a graduation rate of 70.2%.
How much do Carroll University graduates earn?
The median earnings for Carroll University graduates 10 years after enrollment is $58,009. With median debt of $27,000, graduates earn roughly 2.1x their debt level annually.
How big is Carroll University?
Carroll University has approximately 2,523 students and is classified as a medium institution. It is located in Waukesha, WI and is a Private Nonprofit institution.
Is Carroll University worth the cost?
Carroll University has an ROI score of -63 out of 100. With in-state tuition of $38,890 per year and median post-graduation earnings of $58,009, the data suggests the return on investment may be below average.
Where is Carroll University located?
Carroll University is located in Waukesha, WI. It is a Private Nonprofit institution with approximately 2,523 students.
How much student debt do Carroll University graduates have?
The median student debt for Carroll University graduates is $27,000. With median earnings of $58,009 ten years after enrollment, graduates can expect a debt-to-income ratio of 47%.
Is Carroll University a good college?
Carroll University has a graduation rate of 70.2% and median post-graduation earnings of $58,009. Graduation rate of 70.15% is above the national average for private universities.
How does Carroll University compare to similar colleges?
Student body is predominantly white, with a small percentage of Asian students. Compared to peer institutions, Carroll University offers a more affordable education with strong career outcomes, making it a competitive choice.
What career prospects do Carroll University graduates have?
Graduates from Carroll University are well-prepared for careers in various fields, with a strong emphasis on professional development and networking.
What should prospective students know about Carroll University?
Carroll University holds a strategic position in the mid-range private university market, offering a balance of affordability and quality education.
What makes Carroll University stand out?
Median debt of $27,000 is lower than the national average for private universities.
What are the pros and cons of attending Carroll University?
Located in Waukesha, WI, providing a suburban campus experience.
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View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.