Elon University
Elon, NC 27244-2010 — Private Nonprofit
Value Score: 70/100 | ROI Score: -60 | Affordability Score: 55/100
Tuition (In-State): $46,958 | Out-of-State: $46,958
Acceptance Rate: 66.3% | Graduation Rate: 83.5% | Retention Rate: 89.8%
Median Earnings (10yr): $74,545 | Median Debt: $20,500
SAT Average: 1208
Student Body Size: 6,452 (medium)
Pell Grant Recipients: 9.9% | Federal Loan Rate: 24.5%
Average Faculty Salary: $10,563/month
Tuition & Affordability Analysis
In-state tuition at Elon University is $46,958 per year, which is 19% above the national average for private institutions.
Out-of-state students pay $46,958/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: $187,832 (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 Elon University:
- Families earning $0–$30,000: $26,523/year
- Families earning $30,001–$48,000: $23,514/year
- Families earning $48,001–$75,000: $24,064/year
- Families earning $75,001–$110,000: $34,472/year
- Families earning $110,000+: $49,743/year
Low-income families receive an average discount of $20,435/year, paying just 56% of the sticker price.
Admissions Snapshot
Elon University has an acceptance rate of 66.3%, placing it in the Moderately Selective (50–70%) category. This means roughly 2,431 students apply each year.
The average SAT score of admitted students is 1208, 14% above the national average. This reflects a strong academic student body.
Graduate Outcomes & Return on Investment
83.5% of students at Elon University complete their degree, 35% above the national average. This is an excellent graduation rate, indicating strong student support and engagement.
First-year retention rate: 89.8% (11% above the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Elon University earn a median salary of $74,545 ten years after enrollment, 82% above the national average. This represents a $39,545/year earnings premium over the average high school diploma holder, or $1,186,350 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $20,500, 5% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $222/month, with a total repayment of $26,640 (including $6,140 in interest).
Debt-to-Earnings Ratio: 0.28x. 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 Elon University pays for itself in approximately 5 years. This is an excellent return on investment.
Financial Aid Profile
9.9% of students at Elon University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 70% 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.
24.5% of students take federal loans, 48% below the national average. A low loan rate suggests strong institutional aid or a wealthier student body that doesn't need to borrow.
Average faculty salary: $10,563/month, 21% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Elon University enrolls 6,452 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.
Diversity Index: 42/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 76%, Hispanic 7%, Black 5%, Asian 2%.
Elon University: High Graduation Rates and Earnings, but High Tuition Costs
- Elon University: Where Experiential Learning Fuels Career Success
- Is Elon University Worth the Investment? Analyzing Your Return
- Beyond the Classroom: Discover the Vibrant Student Life at Elon
Report Card: Overall Grade C
Elon University receives an overall grade of C based on six dimensions:
- Academics: B-
- Value: F
- Outcomes: B+
- Affordability: C-
College Analysis
Elon University is a Private Nonprofit institution in Elon, NC with approximately 6,452 students. Elon University has a strong graduation rate and high median earnings for graduates. The tuition cost is high, but the median earnings after 10 years are significantly above average. Elon University has a diverse student body with a significant proportion of white students. The school's ROI score is negative, indicating that the cost of attendance may not be fully offset by earnings.
The Verdict: Is Elon University Worth It?
Elon University presents a complex value proposition. With an out-of-state tuition of $46,958 and a median 10-year earnings of $74,545, the initial financial outlay is substantial. The median debt of $20,500 is relatively moderate, which is a positive sign. However, the ROI score of -60 suggests that, on average, graduates may not see a significant financial return on their investment within the first decade compared to the cost of attendance. The earnings potential, while respectable, doesn't immediately outpace the high tuition. To break even on tuition alone, a graduate would need to earn approximately $4,695 per year for 10 years, which is easily achievable. However, factoring in living expenses and the median debt, the payoff timeline extends. Given the median earnings, it would take roughly 4-5 years of post-graduation work to pay off the median debt, assuming a significant portion of income is allocated to debt repayment. While Elon excels in student experience and career preparation, the direct financial return on investment appears to be a concern. It's not an overpriced school if the student experience and specific program outcomes are prioritized, but it's not a clear financial bargain either. For students who can secure significant scholarships or whose career paths lead to higher-than-median earnings in lucrative fields, it could be a good investment. Otherwise, prospective students should carefully weigh the cost against potential earnings and consider the non-financial benefits.
Return on Investment
While the degree from Elon University is valuable, the high tuition costs may not fully justify the investment in terms of ROI.
Debt Reality Check
Median student debt at Elon University: $20,500. Monthly payment on a standard 10-year plan: $233/month. Total repaid: $27,960 ($7,460 in interest).
Breakeven vs high school diploma: 0.5 years. Debt burden: Low. Salary needed for comfortable repayment: $27,960.
Strengths
- Strong graduation rate and high median earnings
- Highly regarded in tech and business sectors
Weaknesses
- High tuition costs
- Higher median debt upon graduation
Academic Profile
SAT Average: 1208. Retention Rate: 89.8%.
Elon University prides itself on a strong liberal arts foundation complemented by robust professional programs, fostering a learning environment that emphasizes engaged learning and close faculty-student interaction. The School of Communications is particularly renowned, consistently ranked among the top programs nationally, offering hands-on experience through student-run media outlets like Elon News Network and Elon Sports Vision. Other highly regarded departments include Business (Elon's Martha and Spencer Love School of Business is AACSB accredited), Health Sciences, and Political Science. Research opportunities are plentiful, with many students engaging in faculty-mentored research projects, often culminating in presentations at undergraduate research forums or even national conferences. The student-faculty ratio is approximately 13:1, which facilitates personalized attention and mentorship. While specific faculty salary data isn't publicly available, the university's commitment to attracting and retaining quality educators is evident in its program strengths and student outcomes. The Honors Fellows program offers a challenging curriculum and unique opportunities for academically gifted students, including research stipends and priority registration. Elon also boasts a highly successful study abroad program, with a significant percentage of students participating in one or more international experiences, often integrated into their academic coursework. Academic support is robust, with the Center for Access and Success providing tutoring, academic coaching, and disability services, ensuring students have the resources to thrive.
Financial Aid Guide for Elon University
Pell Grant recipients: 9.9%. Students taking federal loans: 24.5%.
Elon University offers a combination of merit-based scholarships and need-based financial aid to help make its private institution more accessible. For the incoming class, approximately 90% of students receive some form of financial aid, with the average need-based grant package being around $30,000-$35,000. Merit scholarships are a significant component, awarded automatically based on academic achievement (GPA, course rigor, and sometimes test scores, though Elon is test-optional). These can range from a few thousand dollars to covering a substantial portion of tuition. For students demonstrating financial need, Elon utilizes federal and institutional aid. Families with an Expected Family Contribution (EFC) below a certain threshold will likely receive need-based grants and loans. Work-study opportunities are also available, offering students part-time jobs on campus to help cover living expenses. A typical aid package for a middle-income family (e.g., $75,000-$125,000 annual income) might include a mix of merit scholarships and some need-based grants, potentially reducing the net cost by $25,000-$45,000 annually. For lower-income families, the aid package could be more substantial, potentially covering a larger percentage of tuition and fees. Scholarship tips include applying early, highlighting leadership and community service in your application, and exploring external scholarships. Elon does consider aid appeals if there's a significant change in financial circumstances, but negotiating aid is generally more realistic for students with competing offers from similarly ranked institutions or for those with unique circumstances that warrant review.
Hidden Costs at Elon University
- Room and Board: While tuition is listed, the average cost for on-campus housing and a standard meal plan can add approximately $15,000 - $18,000 per academic year.
- Textbooks and Supplies: Students should budget an average of $1,000 - $1,500 annually for required course materials.
- Technology Fee: A mandatory fee of around $200-$300 per semester supports campus technology infrastructure and resources.
- Transportation: Depending on whether students bring a car or rely on campus shuttles and local transport, costs can range from $200 for parking permits to $500+ for occasional travel.
- Personal Expenses: This includes laundry, snacks, entertainment, and other daily necessities, which can easily add up to $1,500 - $2,500 per year.
- Study Abroad Fees: While Elon encourages study abroad, programs often incur additional costs beyond tuition, ranging from $3,000 to $10,000+ depending on the destination and duration.
- Health Insurance: If a student is not covered by a parent's plan, Elon's student health insurance plan can cost approximately $2,000 - $3,000 annually.
Alumni Outcomes & Career Paths
Elon University graduates are well-positioned for success, with a strong emphasis on experiential learning and career development. The university boasts a robust network of alumni and a dedicated career services team that actively engages with employers. Major companies that frequently recruit Elon talent include Enterprise Holdings, Northwestern Mutual, and Wells Fargo, particularly for roles in business, finance, and sales. The media and communications fields are also strong, with graduates finding opportunities at organizations like NBCUniversal, Warner Bros. Discovery, and various local and national news outlets. Industries where Elon alumni cluster include marketing and advertising, finance and banking, media and entertainment, education, and healthcare. Graduate school placement rates are competitive, with many students pursuing advanced degrees in law, business, and specialized fields at institutions like Wake Forest University School of Law, UNC Kenan-Flagler Business School, and George Washington University. Notable alumni include CBS News correspondent Chip Reid, former NFL player and coach Mike Tomlin, and actress Kate McKinnon. Elon's career services are highly regarded for their personalized approach, offering extensive internship support, resume workshops, and networking events. The university's strong internship pipeline is a key differentiator, with students encouraged to complete multiple internships before graduation. Popular internship locations include New York City, Washington D.C., Los Angeles, and Charlotte, NC, reflecting the diverse career interests of its students. Geographic hiring patterns show a significant concentration of alumni in the Southeast, particularly in North Carolina, but also strong presences in major East Coast hubs like New York City and Washington D.C., as well as growing numbers in West Coast markets like Los Angeles.
Campus Life & Culture at Elon University
Elon's student body is primarily composed of students from the Mid-Atlantic and Southeastern United States, with a growing national and international presence. The university cultivates a community of engaged, motivated learners who value personal growth and making a positive impact. Students who thrive at Elon are typically proactive, community-oriented, and eager to take advantage of the numerous opportunities for involvement both inside and outside the classroom.
Elon's campus culture is often described as friendly, engaged, and spirited, with a strong emphasis on community and personal growth. The university is known for its beautiful, traditional campus, often lauded for its brick walkways, oak trees, and the iconic "Old Main" building. Students tend to be involved, balancing academics with a vibrant social scene. The "Elon Bubble" is a real phenomenon, where students often find their social lives and activities concentrated on or very near campus. Housing is guaranteed for the first three years, with a mix of traditional dorms, suite-style living, and apartment-style options. Freshmen typically live in residence halls organized by academic programs or interests, fostering early connections. Upperclassmen have more choices, including living in themed housing or off-campus apartments within walking distance. Dining is handled by Elon Dining, offering several locations across campus with various meal plan options, from unlimited swipes to declining balance accounts. Student organizations are abundant, covering everything from academic clubs and cultural groups to service organizations and hobby-based clubs. Elon has a strong commitment to experiential learning, which translates into many student-led initiatives and projects. Greek life is present and active, with several fraternities and sororities that contribute to the social fabric, though it's not the sole focus for many students. Athletics are a significant part of the Elon experience, particularly its Division I programs in the Colonial Athletic Association. "Elonthon," a 24-hour dance marathon benefiting the Duke Children's Hospital, is a major annual tradition that embodies the school's philanthropic spirit and community engagement. The general vibe is one of active participation, a desire to make the most of the college experience, and a strong sense of belonging.
Campus Highlights
- The iconic "Old Main" building, a historic landmark at the heart of campus.
- The "Elon Way" of engaged learning, emphasizing hands-on experiences and community involvement.
- The beautiful, pedestrian-friendly campus with its brick walkways and oak trees.
- A strong emphasis on study abroad, with a high percentage of students participating.
- Elonthon, a student-run 24-hour dance marathon benefiting Duke Children's Hospital.
- The School of Communications, consistently ranked among the nation's best.
- The "Elon Bubble" effect, fostering a close-knit campus community.
Location & Regional Advantages
Elon University's location in Elon, North Carolina, offers a unique blend of small-town charm and strategic proximity to larger economic centers. While Elon itself is a quiet college town, its location in the Piedmont Triad region of North Carolina provides access to the job markets of Greensboro, Winston-Salem, and High Point. These cities offer a diverse range of industries, including manufacturing, logistics, healthcare, and education. The proximity to Research Triangle Park (RTP), a major hub for technology, biotechnology, and pharmaceutical companies, is a significant advantage, though it requires a commute of about an hour. This allows Elon students to tap into a broader talent pool for internships and post-graduation employment without leaving the state. The cost of living in Elon and the surrounding Piedmont Triad is generally lower than in major metropolitan areas, making student life more affordable. North Carolina offers a pleasant four-season climate, though summers can be warm and humid. The region is known for its natural beauty, with mountains and beaches within a few hours' drive, contributing to a good quality of life. Safety is generally high in Elon and its surrounding communities. The location facilitates career opportunities by providing a balance between a focused academic environment and access to diverse professional networks and industries, particularly in the burgeoning tech and life sciences sectors of RTP.
How to Get Into Elon University
Elon University, with its 66.3% admission rate, is selective but accessible, valuing well-rounded students who demonstrate academic curiosity and a commitment to community engagement. Early Decision (ED) and Early Action (EA) are advantageous here. ED is binding and can provide a slight edge, especially for students who are clearly passionate about Elon. EA is non-binding and allows you to receive an early decision while keeping your options open. The admissions committee looks beyond just GPA and test scores (which are optional). They seek evidence of leadership, involvement in extracurricular activities, community service, and a genuine interest in Elon's specific programs and values. A strong academic record with a challenging course load (AP, IB, Honors) is crucial. Essays are a key component; focus on authentic storytelling that reveals your personality, values, and how you'll contribute to the Elon community. Topics that showcase resilience, intellectual curiosity, or a unique perspective tend to resonate. Demonstrated interest is important; this can be shown through campus visits (virtual or in-person), attending information sessions, engaging with admissions counselors, and following Elon on social media. The ideal timeline is to have your application completed by the ED/EA deadlines (typically November 1st) or the Regular Decision deadline (usually February 1st). Strong applicants often have a GPA in the B+ to A- range and, if submitting scores, an ACT midpoint around 25-30 or SAT equivalent.
How Elon University Compares to Similar Schools
Similar schools: Wake Forest University, Elon University, High Point University, Campbell University
Advantages
- Strong emphasis on experiential learning and internships, leading to high placement rates.
- Excellent career services support and a dedicated alumni network.
- Beautiful campus and a strong sense of community, contributing to a positive student experience.
Disadvantages
- Higher tuition cost compared to some regional public universities.
- Median earnings, while solid, may not always justify the high sticker price for all majors.
- Geographic location, while offering access to RTP, is not as close to major metropolitan job centers as some other universities.
Best For
- Students seeking lower tuition costs may want to consider other options.
- Students with a preference for larger universities might find the medium-sized campus less appealing.
Avoid If
- Students looking for a more affordable education may want to explore other institutions.
- Students with a focus on humanities or social sciences might find the school's emphasis on STEM fields less appealing.
Frequently Asked Questions about Elon University
How much does it cost to attend Elon University?
In-state tuition at Elon University is $46,958 per year, and out-of-state tuition is $46,958 per year. The median student debt at graduation is $20,500.
What is the acceptance rate at Elon University?
Elon University has an acceptance rate of 66.3%.
What is the graduation rate at Elon University?
Elon University has a graduation rate of 83.5%.
How much do Elon University graduates earn?
The median earnings for Elon University graduates 10 years after enrollment is $74,545. With median debt of $20,500, graduates earn roughly 3.6x their debt level annually.
How big is Elon University?
Elon University has approximately 6,452 students and is classified as a medium institution. It is located in Elon, NC and is a Private Nonprofit institution.
Is Elon University worth the cost?
Elon University has an ROI score of -60 out of 100. With in-state tuition of $46,958 per year and median post-graduation earnings of $74,545, the data suggests the return on investment may be below average.
Where is Elon University located?
Elon University is located in Elon, NC. It is a Private Nonprofit institution with approximately 6,452 students.
How much student debt do Elon University graduates have?
The median student debt for Elon University graduates is $20,500. With median earnings of $74,545 ten years after enrollment, graduates can expect a debt-to-income ratio of 28%.
Is Elon University a good college?
Elon University has a graduation rate of 83.5% and median post-graduation earnings of $74,545. High admission rate of 66.35%
How does Elon University compare to similar colleges?
75.65% of students are white Compared to peer institutions, Elon University has a higher median earnings of $74,545 after 10 years, but also higher tuition costs.
What career prospects do Elon University graduates have?
Graduates of Elon University are well-positioned for high-paying careers in technology and business.
What should prospective students know about Elon University?
Elon University is well-regarded in the tech and business sectors, making it a strong choice for students interested in these fields.
What makes Elon University stand out?
Median debt upon graduation is $20,500
What are the pros and cons of attending Elon University?
83.52% graduation rate
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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.