Earlham College
Richmond, IN 47374-4095 — Private Nonprofit
Value Score: 70/100 | ROI Score: -76 | Affordability Score: 35/100
Tuition (In-State): $53,930 | Out-of-State: $53,930
Acceptance Rate: 73.1% | Graduation Rate: 68.5% | Retention Rate: 77.2%
Median Earnings (10yr): $50,797 | Median Debt: $23,488
SAT Average: 1219 | ACT Midpoint: 28
Student Body Size: 670 (small)
Pell Grant Recipients: 24.4% | Federal Loan Rate: 43.3%
Average Faculty Salary: $8,169/month
Tuition & Affordability Analysis
In-state tuition at Earlham College is $53,930 per year, which is 37% above the national average for private institutions.
Out-of-state students pay $53,930/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: $215,720 (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 Earlham College:
- Families earning $0–$30,000: $17,178/year
- Families earning $30,001–$48,000: $15,658/year
- Families earning $48,001–$75,000: $19,768/year
- Families earning $75,001–$110,000: $26,136/year
- Families earning $110,000+: $31,058/year
Low-income families receive an average discount of $36,752/year, paying just 32% of the sticker price.
Admissions Snapshot
Earlham College has an acceptance rate of 73.1%, placing it in the Less Selective (70–85%) category. This means roughly 229 students apply each year.
The average SAT score of admitted students is 1219, 15% above the national average. This reflects a strong academic student body.
The ACT midpoint is 28, 33% above the national average.
Graduate Outcomes & Return on Investment
68.5% of students at Earlham College complete their degree, 10% above the national average. This is a solid graduation rate.
First-year retention rate: 77.2% (5% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Earlham College earn a median salary of $50,797 ten years after enrollment, 24% above the national average. This represents a $15,797/year earnings premium over the average high school diploma holder, or $473,910 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $23,488, 9% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $255/month, with a total repayment of $30,600 (including $7,112 in interest).
Debt-to-Earnings Ratio: 0.46x. 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 Earlham College pays for itself in approximately 14 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.
Financial Aid Profile
24.4% of students at Earlham College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 26% 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.
43.3% of students take federal loans, 8% below the national average. This is a moderate borrowing rate.
Average faculty salary: $8,169/month, 6% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Earlham College enrolls 670 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 64/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 59%, Hispanic 6%, Black 8%, Asian 2%.
Earlham College: A Small Private Institution with Strong Academic and Career Outcomes
- Earlham College: A Liberal Arts Foundation with a Long Road to Financial Return
- Beyond the Classroom: Earlham's Path to Diverse Careers and Graduate Studies
- Is Earlham College the Right Fit? Weighing Value, Outcomes, and Experience
Report Card: Overall Grade D
Earlham College receives an overall grade of D based on six dimensions:
- Academics: D+
- Value: F
- Outcomes: C+
- Affordability: C-
College Analysis
Earlham College is a Private Nonprofit institution in Richmond, IN with approximately 670 students. Earlham College offers a strong liberal arts education with a focus on interdisciplinary studies. The college has a high median earning potential for graduates after 10 years, indicating good career outcomes. Earlham College has a relatively low graduation rate compared to its peers, which may be a concern for prospective students.
The Verdict: Is Earlham College Worth It?
Earlham College's median earnings of $50,797 after 10 years, compared to an out-of-state tuition of $53,930, presents a concerning financial picture. The median debt of $23,488, while not excessively high, adds to the financial burden. With earnings barely covering the annual tuition, the return on investment (ROI) score of -76 is a stark indicator that, on average, Earlham graduates do not recoup their educational investment within a typical timeframe. The cost of attendance significantly outweighs the median post-graduation earnings, suggesting that the financial value proposition is weak. While the liberal arts education offers intangible benefits, the direct financial return appears to be a poor deal. Students considering Earlham should be aware that the financial payoff is likely to be long-term, and the immediate post-graduation financial reality may be challenging. It is not a hidden gem in terms of financial ROI; rather, it appears to be overpriced for the median financial outcomes it delivers.
Return on Investment
While the degree from Earlham College is valuable, the high cost and lower graduation rate may make it less cost-effective compared to some other institutions.
Debt Reality Check
Median student debt at Earlham College: $23,488. Monthly payment on a standard 10-year plan: $267/month. Total repaid: $32,040 ($8,552 in interest).
Breakeven vs high school diploma: 1.1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $32,040.
Strengths
- Strong liberal arts education
- Good career outcomes
- Focus on sustainability and environmental studies
Weaknesses
- Lower graduation rate
- Higher tuition costs compared to some public institutions
Academic Profile
SAT Average: 1219. ACT Midpoint: 28. Retention Rate: 77.2%.
Earlham College's academic profile is defined by its rigorous liberal arts curriculum, emphasizing critical thinking, interdisciplinary study, and a strong commitment to social justice. The average class size is small, typically around 12 students, ensuring personalized attention from faculty. The student-faculty ratio is excellent, fostering close mentorship. While specific faculty salaries aren't public, the dedication and accessibility of professors are consistently praised by students. Notable departments include Peace and Global Studies, Environmental Studies, and Sociology/Anthropology, reflecting the college's Quaker heritage and progressive ethos. The Center for Global Health and the Center for Integrated Human Development are unique interdisciplinary centers that offer students opportunities for research and engagement. Research is a cornerstone of the Earlham experience, with numerous opportunities for undergraduate students to work alongside faculty on significant projects, often culminating in presentations at national conferences or publication. The college strongly encourages study abroad, with a significant percentage of students participating in programs around the world, often integrated with academic coursework. Earlham's Honors Program provides advanced students with enriched academic experiences and research opportunities. Academic support is robust, with the Academic Enrichment Center offering tutoring, writing support, and academic advising to ensure all students can succeed.
Financial Aid Guide for Earlham College
Pell Grant recipients: 24.4%. Students taking federal loans: 43.3%.
Earlham College is committed to making its distinctive liberal arts education accessible through a combination of need-based and merit-based financial aid. For the 2023-2024 academic year, the total cost of attendance (tuition, fees, room, and board) was approximately $70,000. Earlham is known for meeting a significant portion of demonstrated need for its students. Merit scholarships are available and are typically awarded at the time of admission based on academic achievement, with amounts varying widely. Need-based grants are determined by the information provided on the FAFSA and the CSS Profile. For families with an Expected Family Contribution (EFC) below $10,000, Earlham often provides substantial grant aid, potentially covering over 75% of the total cost of attendance. For middle-income families, aid packages often include a mix of grants, loans, and work-study opportunities. Work-study positions are available across campus, offering students the chance to earn money for personal expenses while gaining valuable experience. Typical aid packages for students from families earning between $75,000 and $150,000 might include $25,000-$40,000 in grants and scholarships, supplemented by federal loans and work-study. Scholarship tips include applying early, highlighting leadership and community service in essays, and exploring external scholarship opportunities. Negotiating aid at Earlham is possible, particularly if you have a competing offer from a similarly ranked institution, but it's generally more effective to present a case based on documented financial changes rather than simply asking for more money.
Hidden Costs at Earlham College
- Meal Plan: While included in the stated cost of attendance, specific meal plan tiers can add an extra $500-$1,000 annually if students opt for more premium options or frequent guest meals.
- Textbooks: Expect to spend approximately $1,000-$1,500 per academic year on textbooks and course materials, though digital options and rentals can mitigate this.
- Personal Expenses: A reasonable budget for personal items, entertainment, and incidental travel outside of Richmond could range from $1,500-$2,500 per year.
- Technology Fee: A mandatory technology fee of around $200-$300 per year supports campus IT infrastructure and services.
- Transportation: While Richmond has limited public transport, students may incur costs for ride-sharing services, occasional train tickets (if traveling to major cities), or car maintenance if they bring a vehicle.
- Health Insurance: If a student is not covered by a parent's plan, Earlham's student health insurance plan can cost upwards of $2,500-$3,000 annually.
- Lab/Course Fees: Some specialized science or art courses may have additional lab or material fees, typically ranging from $50-$200 per course.
Alumni Outcomes & Career Paths
Earlham College, a small liberal arts institution, positions its graduates for a diverse range of career paths and further academic pursuits. While specific major employer recruitment data for Earlham is not publicly detailed, its alumni network tends to find opportunities in sectors that value critical thinking, communication, and interdisciplinary approaches. Common industries where Earlham graduates cluster include education, non-profit organizations, healthcare, and various professional services. Many alumni also pursue graduate studies, with a notable percentage entering fields like law, social work, and public policy. The college emphasizes a strong foundation for graduate school, and many students engage in research and internships that prepare them for advanced academic work.
Career services at Earlham are designed to be personalized, leveraging the college's intimate size to provide tailored support. This includes resume workshops, interview practice, and networking events. The college also facilitates internship pipelines, often through alumni connections and dedicated program initiatives, helping students gain practical experience. While specific internship employers are varied, common placements are within local community organizations, educational institutions, and businesses in the broader Indianapolis metropolitan area. Geographic hiring patterns show a tendency for alumni to remain in the Midwest, particularly in Indiana and surrounding states like Illinois and Ohio, but also a significant number move to larger metropolitan areas on the East and West Coasts for opportunities in sectors like technology, finance, and the arts. Notable alumni include figures like poet and activist Nikki Giovanni, and former Indiana Governor Evan Bayh, underscoring the diverse impact Earlham graduates have.
Campus Life & Culture at Earlham College
Earlham attracts a diverse student body, with a significant percentage coming from outside Indiana and even internationally, contributing to a rich global perspective. Students who thrive here are typically independent thinkers, socially conscious, and eager to engage in meaningful dialogue and community action. The college fosters an environment where students are encouraged to explore their passions and make a positive impact on the world.
Earlham College cultivates a close-knit, intentionally community-oriented campus culture, often described as a 'bubble' in the best sense of the word. With a small student body of around 670, relationships are central, both with peers and faculty. The vibe is intellectual, progressive, and deeply engaged. Social life isn't dominated by Greek life, which is non-existent here, nor by a massive party scene. Instead, it revolves around campus events, student organization activities, and spontaneous gatherings in common spaces. The heart of campus is the iconic Runyan Center, a hub for dining, socializing, and student services. Housing is primarily on-campus, with a mix of traditional residence halls and apartment-style living for upperclassmen, fostering a strong sense of shared living. The dining hall, managed by Bon Appétit, is known for its commitment to fresh, local, and sustainable food, often a highlight for students. Student organizations are diverse and active, ranging from the Earlham Environmental Action (EEA) and the student newspaper, The Earlham Word, to various cultural and academic clubs. Athletics, while not a primary focus for the majority of students, offers opportunities for participation in NCAA Division III sports, with teams like basketball, soccer, and track and field having dedicated followings. The campus itself, with its beautiful arboretum setting, encourages outdoor activities and quiet reflection. Expect a community that values thoughtful discussion, collaboration, and a shared commitment to making a difference.
Campus Highlights
- The Earlham Arboretum: A stunning 800-acre living laboratory that serves as a beautiful backdrop for study and recreation.
- Quaker Heritage: The college's founding principles influence its commitment to social justice, peace studies, and inclusive community.
- Emphasis on Experiential Learning: Strong focus on research, internships, and study abroad as integral parts of the academic journey.
- Bon Appétit Dining: Known for its commitment to fresh, local, and sustainable food options, a frequent point of praise.
- No Greek Life: A social scene that fosters inclusivity and community without the influence of fraternities and sororities.
- The "Bubble" Effect: A strong sense of community and shared experience that can be both isolating and incredibly bonding.
- Collaborative Learning Environment: Small class sizes and a supportive atmosphere encourage deep engagement with peers and faculty.
Location & Regional Advantages
Earlham College's location in Richmond, Indiana, presents a mixed bag of geographic advantages and challenges for its students. Richmond itself is a smaller city with a modest local job market, primarily focused on manufacturing, healthcare, and some retail. The cost of living in Richmond is generally low, making it an affordable place to live during college and potentially for early career stages. However, the proximity to major industry hubs is limited. The nearest significant metropolitan area is Indianapolis, about an hour's drive away, which offers a more robust job market across various sectors including life sciences, advanced manufacturing, and technology. Cincinnati, Ohio, is also within a reasonable driving distance, providing another regional economic center.
Quality of life in Richmond is characterized by a quieter, community-oriented atmosphere. It offers a safe environment with a lower crime rate compared to larger cities. The weather is typical of the Midwest, with four distinct seasons, including cold winters and warm, humid summers. While Richmond may not boast the vibrant cultural scene or extensive career networking opportunities of a major metropolis, its affordability and community focus can be appealing. For Earlham students, the location necessitates proactive engagement with career services and a willingness to travel to larger cities for internships and job fairs to maximize career opportunities post-graduation. The college's strong alumni network can also help bridge the gap created by its more remote location.
How to Get Into Earlham College
Earlham College seeks students who are intellectually curious, community-minded, and possess a strong sense of social responsibility. With an admission rate of 73.1%, Earlham is selective but accessible. While Earlham does not offer Early Decision or Early Action, applying by the Regular Decision deadline (typically January 15th) is crucial. The admissions committee values a holistic review, meaning they look beyond just grades and test scores. Strong essays that showcase your personality, critical thinking, and alignment with Earlham's values (like community engagement, social justice, and global awareness) are highly important. If you have a compelling story or unique perspective, make sure it shines through. GPA is important, and successful applicants typically have a strong academic record, often with a B+ or higher average. While SAT/ACT scores are not required for admission, if submitted, they can provide additional context. Demonstrated interest is considered; engaging with the college through virtual or in-person tours, attending information sessions, and connecting with admissions counselors shows your commitment. For students considering Earlham, aim to submit your application and all supporting materials well before the deadline to ensure a thorough review.
How Earlham College Compares to Similar Schools
Similar schools: DePauw University, Wabash College, Hanover College, Rose-Hulman Institute of Technology
Advantages
- Strong emphasis on Quaker values and social justice, attracting a specific student demographic.
- Smaller class sizes and a more intimate learning environment due to its very small student body.
- Commitment to undergraduate research and experiential learning opportunities.
Disadvantages
- Lower median alumni earnings compared to some peers, particularly those with strong STEM programs.
- Limited geographic advantage for accessing major industry hubs directly from campus.
- Lower graduation rate compared to some more selective liberal arts colleges.
Best For
- Students interested in large-scale research or highly specialized technical fields may find Earlham College less suitable.
- Prospective students should consider the lower graduation rate and the potential for higher costs compared to some public institutions.
Avoid If
- Students who are looking for a small, close-knit community with a strong focus on interdisciplinary studies may want to consider other options.
- Students seeking a more diverse student body may find Earlham College less appealing.
Frequently Asked Questions about Earlham College
How much does it cost to attend Earlham College?
In-state tuition at Earlham College is $53,930 per year, and out-of-state tuition is $53,930 per year. The median student debt at graduation is $23,488.
What is the acceptance rate at Earlham College?
Earlham College has an acceptance rate of 73.1%.
What is the graduation rate at Earlham College?
Earlham College has a graduation rate of 68.5%.
How much do Earlham College graduates earn?
The median earnings for Earlham College graduates 10 years after enrollment is $50,797. With median debt of $23,488, graduates earn roughly 2.2x their debt level annually.
How big is Earlham College?
Earlham College has approximately 670 students and is classified as a small institution. It is located in Richmond, IN and is a Private Nonprofit institution.
Is Earlham College worth the cost?
Earlham College has an ROI score of -76 out of 100. With in-state tuition of $53,930 per year and median post-graduation earnings of $50,797, the data suggests the return on investment may be below average.
Where is Earlham College located?
Earlham College is located in Richmond, IN. It is a Private Nonprofit institution with approximately 670 students.
How much student debt do Earlham College graduates have?
The median student debt for Earlham College graduates is $23,488. With median earnings of $50,797 ten years after enrollment, graduates can expect a debt-to-income ratio of 46%.
Is Earlham College a good college?
Earlham College has a graduation rate of 68.5% and median post-graduation earnings of $50,797. 59.25% of students are white, with a small percentage of students from other racial backgrounds.
How does Earlham College compare to similar colleges?
The admission rate is 73.11%, indicating a relatively selective institution. Compared to peer institutions, Earlham College offers a strong academic experience and good career outcomes, but the lower graduation rate may be a concern.
What career prospects do Earlham College graduates have?
Graduates from Earlham College are well-prepared for careers in a variety of fields, particularly those that value critical thinking and problem-solving skills.
What should prospective students know about Earlham College?
Earlham College is well-positioned in the market as a small, private institution with a strong liberal arts focus and a good reputation for career outcomes.
What makes Earlham College stand out?
The median debt upon graduation is $23,488, which is below the national average for private colleges.
What are the pros and cons of attending Earlham College?
The college is located in Richmond, Indiana, a small city with a population of about 40,000.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.