Centre College
Danville, KY 40422-1394 — Private Nonprofit
Value Score: 75/100 | ROI Score: -69 | Affordability Score: 55/100
Tuition (In-State): $52,820 | Out-of-State: $52,820
Acceptance Rate: 54.4% | Graduation Rate: 83.1% | Retention Rate: 87.5%
Median Earnings (10yr): $66,240 | Median Debt: $27,000
SAT Average: 1352 | ACT Midpoint: 30
Student Body Size: 1,400 (small)
Pell Grant Recipients: 22.6% | Federal Loan Rate: 48.7%
Average Faculty Salary: $9,723/month
Tuition & Affordability Analysis
In-state tuition at Centre College is $52,820 per year, which is 34% above the national average for private institutions.
Out-of-state students pay $52,820/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: $211,280 (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 Centre College:
- Families earning $0–$30,000: $11,364/year
- Families earning $30,001–$48,000: $10,388/year
- Families earning $48,001–$75,000: $15,847/year
- Families earning $75,001–$110,000: $18,920/year
- Families earning $110,000+: $30,571/year
Low-income families receive an average discount of $41,456/year, paying just 22% of the sticker price.
Admissions Snapshot
Centre College has an acceptance rate of 54.4%, placing it in the Moderately Selective (50–70%) category. This means roughly 644 students apply each year.
The average SAT score of admitted students is 1352, 28% above the national average. This reflects a strong academic student body.
The ACT midpoint is 30, 43% above the national average.
Graduate Outcomes & Return on Investment
83.1% of students at Centre College complete their degree, 34% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.
First-year retention rate: 87.5% (8% above the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Centre College earn a median salary of $66,240 ten years after enrollment, 62% above the national average. This represents a $31,240/year earnings premium over the average high school diploma holder, or $937,200 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: 0.41x. 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 Centre College pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
22.6% of students at Centre College 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.
48.7% of students take federal loans, 4% above the national average. This is a moderate borrowing rate.
Average faculty salary: $9,723/month, 11% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Centre College enrolls 1,400 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 46/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 72%, Hispanic 7%, Black 6%, Asian 5%.
Centre College: Strong Academic Support and Good Earnings Potential
- Centre College: Investing in Your Future Beyond the Sticker Price
- Unlock Your Potential: Centre College's Path to Meaningful Careers and Graduate Success
- Experience Danville: A Focused Liberal Arts Education with Broad Horizons at Centre College
Report Card: Overall Grade C-
Centre College receives an overall grade of C- based on six dimensions:
- Academics: B-
- Value: F
- Outcomes: B+
- Affordability: C-
College Analysis
Centre College is a Private Nonprofit institution in Danville, KY with approximately 1,400 students. Centre College has a strong graduation rate of 83.12%, indicating a high level of academic support and student success. The median earnings 10 years after graduation are $66,240, suggesting a good return on investment for graduates. With a tuition cost of $52,820, Centre College is relatively expensive, but its affordability score is only 55, indicating it may be worth the cost for the right students.
The Verdict: Is Centre College Worth It?
Centre College presents a complex value proposition. With an out-of-state tuition of $52,820 and a median 10-year earnings of $66,240, the immediate financial return appears modest, especially when factoring in potential student debt of $27,000. The ROI score of -69 further underscores this initial concern, suggesting that, on average, graduates do not recoup their investment significantly faster than their debt accrual. However, this metric often doesn't fully capture the long-term benefits of a liberal arts education, which emphasizes critical thinking, communication, and adaptability – skills highly valued in evolving job markets and crucial for long-term career growth and graduate school success. While the sticker price is high, Centre's strong graduation rate (83.1%) and emphasis on career services and graduate school placement suggest that students are well-prepared for high-earning potential and advanced studies, which can significantly increase lifetime earnings. The median debt of $27,000 is relatively manageable compared to the national average. If a Centre education leads to placement in high-demand, high-paying fields or successful entry into competitive graduate programs, the investment can be justified over time. However, prospective students must diligently explore financial aid options and consider their potential career paths. It's not a clear-cut 'good deal' based solely on immediate financial metrics, but it could be a 'hidden gem' for students who leverage its strengths for long-term career and personal development. A direct recommendation hinges on individual financial circumstances and career aspirations; for those seeking a strong liberal arts foundation with robust support for post-graduate success, and who can secure adequate financial aid, it can be a worthwhile investment. For others, the high cost may outweigh the immediate financial returns.
Return on Investment
While Centre College is expensive, its strong academic support and good earnings potential suggest that the degree is worth the cost for the right students.
Debt Reality Check
Median student debt at Centre College: $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: 0.7 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.
Strengths
- Strong academic support and high graduation rate
- Good earnings potential for graduates
- Supportive campus environment
Weaknesses
- High tuition cost
- Predominantly white student body
- Limited financial aid options
Academic Profile
SAT Average: 1352. ACT Midpoint: 30. Retention Rate: 87.5%.
Centre College boasts a robust academic environment, characterized by small class sizes (student-faculty ratio is typically around 11:1, though specific faculty salary data isn't provided, the commitment to quality teaching is evident) and a strong emphasis on undergraduate research and experiential learning. The Centre Commitment is the cornerstone of the academic experience, guaranteeing every student the opportunity to study abroad, complete a research project, and undertake an internship or similar experiential learning opportunity, all without additional cost. This commitment ensures that students gain practical skills and real-world experience alongside their coursework. Notable departments include Economics, Political Science, and English, which consistently attract strong student interest and produce successful graduates. The College also offers strong programs in the sciences, with opportunities for students to engage in faculty-led research. The Honors Program provides an enriched academic experience for high-achieving students, offering smaller seminars and advanced coursework. Centre's study abroad program is particularly noteworthy, with a high percentage of students participating, often facilitated by faculty. Academic support is readily available through the Center for Advising and Career Services, which offers tutoring, writing support, and career counseling, ensuring students have the resources to succeed.
Financial Aid Guide for Centre College
Pell Grant recipients: 22.6%. Students taking federal loans: 48.7%.
Centre College is committed to making its education accessible through a combination of merit-based and need-based financial aid. For the 2023-2024 academic year, the total cost of attendance (tuition, fees, room, and board) was approximately $75,000. Merit scholarships are a significant component of aid, with many students receiving awards ranging from $20,000 to $40,000 annually, based on academic achievement (GPA, rigor of coursework, and standardized test scores, though specific ranges are not provided). Need-based aid is also crucial, with the average need-based grant package for students with demonstrated financial need often covering a substantial portion of the remaining costs. For families with an Expected Family Contribution (EFC) below $10,000, aid packages can be quite generous, potentially covering over 80% of the total cost. Work-study opportunities are available, offering students the chance to earn money through on-campus employment. While Centre does not typically offer institutional aid based solely on athletic ability, athletic scholarships are not a feature of their NCAA Division III program. Negotiating financial aid is possible, especially if you have a competing offer from a similarly ranked institution, but it's generally more effective to highlight unique circumstances or achievements rather than simply asking for more money. It's highly recommended to file the FAFSA and CSS Profile early to ensure consideration for all available aid.
Hidden Costs at Centre College
- Meal plans, beyond the standard board rate, can add an estimated $500-$1,000 per year for students who frequently eat at campus cafes or require additional dining dollars.
- Textbooks and course materials can easily cost $1,000-$1,500 annually, depending on the courses taken and whether students opt for new, used, or digital versions.
- Personal expenses, including laundry, toiletries, entertainment, and snacks, can range from $1,500-$2,500 per academic year.
- Transportation costs for travel home during breaks or weekend trips can vary widely but budget at least $500-$1,000 annually.
- Optional fees for specific programs, such as study abroad administrative fees or lab fees, can add $200-$500 per semester.
- Health insurance, if not covered by a parent's plan, can cost upwards of $3,000-$4,000 per year for the university's student health plan.
Alumni Outcomes & Career Paths
Centre College graduates are well-positioned for success, with a strong emphasis on career development and graduate school preparation. While specific recruitment data for Centre College is not publicly detailed with a vast list of major employers, its alumni network and career services foster connections that lead to opportunities across various sectors. Graduates often find roles in finance, consulting, healthcare, education, and non-profit organizations. Major industries that tend to hire Centre alumni include financial services, with firms like Fifth Third Bank and PNC Bank frequently appearing in career paths. The consulting sector also attracts graduates, with opportunities at regional and national firms. Healthcare is another significant area, particularly for those pursuing advanced degrees, with hospitals and health systems in Kentucky and beyond being common employers. Education is also a strong pathway, with alumni serving in teaching and administrative roles in K-12 and higher education.
Centre College boasts a high graduate school placement rate, with many students continuing their education at prestigious institutions. This indicates a strong academic foundation and effective preparation for advanced studies. Notable alumni include individuals who have made significant contributions in politics, business, and the arts, demonstrating the breadth of impact Centre graduates can have. The college's career services are highly regarded for their personalized approach, offering robust internship programs and strong alumni mentorship. These internship pipelines are crucial, often serving as direct entry points into full-time positions. Geographic hiring patterns show a concentration of alumni in Kentucky, particularly in the Louisville and Lexington metropolitan areas, but also a significant presence in larger hubs like Chicago, Nashville, and Atlanta, reflecting a willingness to relocate for career advancement. The liberal arts foundation encourages adaptability, allowing graduates to thrive in diverse professional environments.
Campus Life & Culture at Centre College
Centre College attracts a diverse student body, with a significant portion coming from out-of-state, contributing to a broad geographic mix. Students who thrive here are typically intellectually curious, engaged in their community, and eager to take advantage of the unique opportunities offered, such as the Centre Commitment. The close-knit environment and emphasis on personal growth make it an ideal setting for students seeking a supportive and challenging liberal arts education.
Centre College in Danville, KY, offers a vibrant, close-knit campus experience that punches well above its weight for a school of 1,400 students. The 'vibe' is often described as engaged, intellectually curious, and friendly, with a strong sense of community fostered by its residential nature. Most students live on campus throughout their four years, with a mix of traditional dorms, suite-style living, and apartment-style options, particularly for upperclassmen. The historic Old Centre building is the iconic heart of campus, surrounded by beautiful green spaces that are hubs for student activity. Social life is active but not overwhelming. The Centre Commitment, which guarantees a study abroad experience, a research project, and an internship or similar experiential learning opportunity, shapes much of the student experience, often leading to shared adventures and strong bonds. Weekends might involve campus events like lectures, film screenings, or intramural sports, or students might explore downtown Danville, a charming historic town with local eateries and shops. Greek life is present, with a few fraternities and sororities that contribute to the social scene, but it's not the dominant force, allowing for a diverse range of social activities. Athletics are a significant part of Centre's identity, with the Colonels competing in the Southern Athletic Association (SAA) in NCAA Division III. The strong emphasis on the Centre Commitment means that while academics are paramount, students are also encouraged to explore, grow, and connect outside the classroom, creating a well-rounded and supportive environment.
Campus Highlights
- The Centre Commitment: Guaranteed study abroad, research, and internship opportunities.
- Historic Old Centre Building: The iconic and picturesque heart of campus.
- Strong sense of community: Fostered by a residential campus and engaged student body.
- Vibrant Danville: A charming historic town offering local culture and dining.
- Active Division III Athletics: The Centre Colonels compete in the SAA.
- Emphasis on undergraduate research: Providing hands-on learning experiences.
Location & Regional Advantages
Centre College's location in Danville, Kentucky, offers a unique blend of small-town charm and strategic proximity to larger economic centers. Danville itself provides a low cost of living, making student expenses and post-graduation living more affordable compared to major metropolitan areas. The immediate job market in Danville is modest, primarily consisting of local businesses, healthcare facilities like Ephraim McDowell Health, and educational institutions. However, Centre's true geographic advantage lies in its accessibility to major Kentucky cities. Louisville, approximately an hour's drive away, is a significant hub for healthcare (e.g., Norton Healthcare, Humana), logistics (UPS Worldport), and manufacturing. Lexington, also about an hour away, is a growing center for biosciences, technology, and equine industries.
This proximity allows Centre students to access a wider range of internships and job opportunities without the high cost of living associated with being directly in a large city. The college actively leverages these connections through its career services. Beyond Kentucky, Danville's location offers reasonable access to other regional hubs like Cincinnati, Ohio, and Nashville, Tennessee, both within a few hours' drive, further expanding career horizons. The quality of life in Danville is characterized by a friendly atmosphere, a strong sense of community, and a slower pace, which can be appealing to students seeking a focused academic environment. While the weather is typical of the Midwest/Upper South with distinct seasons, the region is generally safe and offers access to outdoor recreational activities. This balance of a supportive, affordable home base with convenient access to dynamic economic centers provides Centre graduates with a solid foundation for launching their careers.
How to Get Into Centre College
Centre College, with an admission rate of 54.4%, is selective, meaning a strong application is crucial. Early Decision (ED) and Early Action (EA) are both offered, with ED being binding. Applying ED can provide a slight advantage as it signals strong commitment to Centre. The admissions committee looks for well-rounded students who demonstrate academic rigor, intellectual curiosity, and a potential fit with the Centre community. While specific GPA and test score ranges aren't published, successful applicants typically have strong high school transcripts with challenging coursework. Essays are very important; focus on showcasing your personality, unique experiences, and how you'll contribute to Centre's vibrant campus life. Demonstrate interest by visiting campus (if possible), attending virtual information sessions, and engaging with admissions counselors. The application deadline for Early Action is typically November 15th, and for Regular Decision, it's around February 1st. Aim to have your application submitted well before these dates to ensure full consideration.
How Centre College Compares to Similar Schools
Similar schools: Denison University, Wabash College, Rhodes College, Sewanee: The University of the South
Advantages
- Strong emphasis on undergraduate research and faculty mentorship.
- Generous financial aid and scholarship opportunities often available.
- Close-knit alumni network providing strong career support and connections.
Disadvantages
- Higher sticker price compared to some public university alternatives.
- Geographic location in Danville, KY, offers fewer immediate large-city internship and job opportunities compared to peers in more urban settings.
Best For
- Students seeking a diverse student body may want to consider other options.
- Prospective students with a strong academic record and a willingness to invest in their education may find Centre College to be a good fit.
- Students looking for a less expensive option may want to explore other private colleges or public institutions.
Avoid If
- Students who are not academically prepared may struggle with the rigorous academic environment.
- Students who are looking for a more affordable option may want to consider other colleges.
Frequently Asked Questions about Centre College
How much does it cost to attend Centre College?
In-state tuition at Centre College is $52,820 per year, and out-of-state tuition is $52,820 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Centre College?
Centre College has an acceptance rate of 54.4%.
What is the graduation rate at Centre College?
Centre College has a graduation rate of 83.1%.
How much do Centre College graduates earn?
The median earnings for Centre College graduates 10 years after enrollment is $66,240. With median debt of $27,000, graduates earn roughly 2.5x their debt level annually.
How big is Centre College?
Centre College has approximately 1,400 students and is classified as a small institution. It is located in Danville, KY and is a Private Nonprofit institution.
Is Centre College worth the cost?
Centre College has an ROI score of -69 out of 100. With in-state tuition of $52,820 per year and median post-graduation earnings of $66,240, the data suggests the return on investment may be below average.
Where is Centre College located?
Centre College is located in Danville, KY. It is a Private Nonprofit institution with approximately 1,400 students.
How much student debt do Centre College graduates have?
The median student debt for Centre College graduates is $27,000. With median earnings of $66,240 ten years after enrollment, graduates can expect a debt-to-income ratio of 41%.
Is Centre College a good college?
Centre College has a graduation rate of 83.1% and median post-graduation earnings of $66,240. Graduation rate of 83.12% is above the national average for private colleges.
How does Centre College compare to similar colleges?
Median earnings 10 years after graduation are $66,240, which is competitive with peer institutions. Compared to peer institutions, Centre College offers a strong academic environment and good earnings potential, but its high tuition may be a barrier for some students.
What career prospects do Centre College graduates have?
Graduates of Centre College are well-positioned for careers in a variety of fields, thanks to the college's strong academic programs and supportive environment.
What should prospective students know about Centre College?
Centre College holds a niche position in the market, offering a high-quality education at a price point that may be prohibitive for some students.
What makes Centre College stand out?
Student body is predominantly white, with a small percentage of students from other racial backgrounds.
What are the pros and cons of attending Centre College?
Tuition is high, but the college's affordability score is relatively low, suggesting potential value.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.