Merrimack College
North Andover, MA 01845 — Private Nonprofit
Value Score: 70/100 | ROI Score: -65 | Affordability Score: 55/100
Tuition (In-State): $53,962 | Out-of-State: $53,962
Acceptance Rate: 70.0% | Graduation Rate: 71.0% | Retention Rate: 79.3%
Median Earnings (10yr): $75,584 | Median Debt: $27,000
Student Body Size: 3,916 (medium)
Pell Grant Recipients: 15.6% | Federal Loan Rate: 60.0%
Average Faculty Salary: $12,316/month
Tuition & Affordability Analysis
In-state tuition at Merrimack College is $53,962 per year, which is 37% above the national average for private institutions.
Out-of-state students pay $53,962/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: $215,848 (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 Merrimack College:
- Families earning $0–$30,000: $31,710/year
- Families earning $30,001–$48,000: $29,417/year
- Families earning $48,001–$75,000: $31,962/year
- Families earning $75,001–$110,000: $36,045/year
- Families earning $110,000+: $41,050/year
Low-income families receive an average discount of $22,252/year, paying just 59% of the sticker price.
Admissions Snapshot
Merrimack College has an acceptance rate of 70.0%, placing it in the Less Selective (70–85%) category. This means roughly 1,398 students apply each year.
Graduate Outcomes & Return on Investment
71.0% of students at Merrimack College complete their degree, 14% above the national average. This is a solid graduation rate.
First-year retention rate: 79.3% (near the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Merrimack College earn a median salary of $75,584 ten years after enrollment, 85% above the national average. This represents a $40,584/year earnings premium over the average high school diploma holder, or $1,217,520 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: 0.36x. 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 Merrimack College pays for itself in approximately 6 years. This is a reasonable investment timeline.
Financial Aid Profile
15.6% of students at Merrimack College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 53% 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.
60.0% of students take federal loans, 28% above the national average. This is a moderate borrowing rate.
Average faculty salary: $12,316/month, 41% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Merrimack College enrolls 3,916 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 43/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 75%, Hispanic 12%, Black 4%, Asian 2%.
Merrimack College: Medium-sized Private Nonprofit Institution with Strong Academic Focus and Good Career Outcomes
- Merrimack College: High Cost, High Hopes – Is Boston's Job Market the Ultimate Payoff?
- From North Andover to Boston's Boardrooms: Merrimack Grads Powering New England's Top Industries
- Experience Merrimack: A Vibrant Campus, D1 Athletics, and a Direct Path to Career Success
Report Card: Overall Grade C-
Merrimack College receives an overall grade of C- based on six dimensions:
- Academics: C
- Value: F
- Outcomes: B+
- Affordability: C-
College Analysis
Merrimack College is a Private Nonprofit institution in North Andover, MA with approximately 3,916 students. Academics: Strong focus on liberal arts with a high graduation rate of 70.95%. Value: High tuition with a moderate affordability score, making it less accessible for some students. Outcomes: Graduates earn a median salary of $75,584 after 10 years, indicating good career readiness.
The Verdict: Is Merrimack College Worth It?
Based on the data, Merrimack College presents a challenging value proposition. With an in-state tuition of $53,962 and an identical out-of-state tuition, it's a significant investment. The median debt of $27,000 upon graduation is substantial, especially when weighed against a median 10-year earnings of $75,584. While $75,584 is a respectable salary, the high upfront cost and debt lead to a concerning ROI Score of -65. This score strongly suggests that, for many, the financial return on investment does not adequately justify the expense. To put it plainly: Merrimack College is **overpriced** for the average student. While the median earnings are solid, the high tuition and debt burden mean it will take a considerable amount of time to recoup the investment. Assuming a standard 10-year repayment plan for the $27,000 median debt, and factoring in interest, a significant portion of early career earnings will be dedicated to loan repayment. When comparing the total cost of attendance over four years (easily exceeding $200,000 without aid) to the median earnings, the financial burden is clear. **Recommendation:** Prospective students should approach Merrimack with caution regarding its cost. It is imperative to maximize all available financial aid, scholarships, and grants to significantly reduce the net price. Without substantial aid, students risk accumulating considerable debt that may overshadow the benefits of a Merrimack degree, despite its strong regional career connections. Explore other options or ensure your chosen major at Merrimack has a very high earning potential to justify the investment.
Return on Investment
While the degree from Merrimack College is valuable, the high tuition and moderate affordability score may not justify the cost for all students.
Debt Reality Check
Median student debt at Merrimack 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: 0.6 years. Debt burden: Low. Salary needed for comfortable repayment: $36,840.
Strengths
- Strong academic programs and high graduation rate.
- Good career outcomes with a median salary of $75,584 after 10 years.
Weaknesses
- High tuition and moderate affordability score.
- Small Asian and Hispanic student populations.
Academic Profile
Retention Rate: 79.3%.
Merrimack College offers a robust academic experience, blending a liberal arts foundation with strong professional programs, all underpinned by an Augustinian commitment to intellectual inquiry and ethical leadership. The college is particularly known for its hands-on, experiential learning approach, preparing students for immediate career success. Key academic strengths lie in its professional schools: the Girard School of Business, offering popular majors like Finance, Marketing, and Management; the School of Engineering and Computational Sciences, with strong programs in Civil, Electrical, and Mechanical Engineering, as well as Computer Science; and the School of Health Sciences, featuring sought-after programs in Nursing, Exercise Science, and Public Health. The School of Education and Social Policy and the School of Arts and Sciences also house excellent programs, with Psychology, Criminology, and Communication being perennial favorites.
Undergraduate research is highly encouraged and accessible, with students often collaborating directly with faculty on projects across disciplines, presenting at conferences, and even co-authoring papers. While specific faculty salary data isn't available, Merrimack prides itself on a faculty dedicated to teaching and mentorship, a common hallmark of private institutions of its size. The student-faculty ratio is favorable, ensuring personalized attention and strong relationships with professors. For high-achieving students, the Honors Program provides an enriched curriculum, interdisciplinary seminars, and opportunities for advanced research. Study abroad programs are diverse, with options ranging from short-term faculty-led trips to semester-long immersive experiences in dozens of countries. Academic support is comprehensive, including a robust Writing Center, peer tutoring, and dedicated academic advisors who guide students from orientation through graduation, ensuring a strong foundation for success.
Financial Aid Guide for Merrimack College
Pell Grant recipients: 15.6%. Students taking federal loans: 60.0%.
Navigating the cost of Merrimack College's $53,962 annual tuition requires a strategic approach to financial aid, as very few students pay the sticker price. Merrimack is generous with institutional aid, particularly merit-based scholarships, which are a primary tool for attracting talented students. These scholarships are awarded based on academic achievement (GPA, rigor of high school curriculum), leadership, and extracurricular involvement, typically ranging from $15,000 to $30,000 annually for strong applicants. There's no separate application for most merit scholarships; students are automatically considered upon admission.
Need-based aid is also a significant component, determined by the FAFSA and CSS Profile. Given the high tuition, most families will qualify for some level of need-based assistance, which can include federal and state grants, institutional grants, and federal student loans. The median debt for Merrimack graduates is $27,000, indicating that while loans are often part of the package, the college aims to keep borrowing manageable. Work-study opportunities are available for eligible students, providing a chance to earn money for educational expenses through on-campus jobs. For families with an Expected Family Contribution (EFC) in the $30,000-$60,000 range, a typical aid package might combine a $20,000-$25,000 merit scholarship with $10,000-$15,000 in institutional grants, plus federal loans and work-study. While Merrimack's aid offers are generally competitive, it is sometimes possible to negotiate aid, especially if you have a compelling offer from a comparable institution. A polite, well-reasoned appeal, highlighting any changes in financial circumstances or stronger offers, can occasionally result in an adjustment to your package.
Hidden Costs at Merrimack College
- Beyond tuition, expect to pay approximately $17,000-$19,000 annually for on-campus housing and a standard meal plan, which covers most students' dining needs.
- Textbooks and course materials can add an estimated $1,000-$1,200 per year, varying by major and course load.
- Mandatory fees, including technology, student activity, and health service fees, typically total around $1,500-$2,000 annually.
- Personal expenses, such as toiletries, entertainment, and incidentals, should be budgeted at $1,500-$2,500 per year.
- While Merrimack is a residential campus, transportation costs for travel home or off-campus excursions can range from $500-$1,500 annually, depending on distance and frequency.
- Health insurance is required; if you're not covered by a family plan, the college offers a student health insurance plan that can cost around $2,500-$3,000 per year.
Alumni Outcomes & Career Paths
Merrimack College graduates are well-positioned within the robust New England job market, particularly in the Greater Boston area, leveraging the institution's strong regional connections and career-focused curriculum. The O'Brien Center for Career Development plays a pivotal role, fostering robust internship pipelines and facilitating connections with major employers. Alumni cluster significantly in key industries such as technology, healthcare, finance, and engineering, reflecting the economic strengths of Massachusetts.
Major employers actively recruiting Merrimack talent include tech giants like Dell EMC, Analog Devices, and various startups along Route 128. In healthcare, graduates find roles at prestigious institutions such as Mass General Brigham, Lahey Health, and Beth Israel Lahey Health, often in nursing, health sciences, or administrative capacities. The financial sector sees Merrimack alumni at firms like Fidelity Investments, Putnam Investments, and regional banks such as Eastern Bank and Salem Five. Engineering graduates are sought after by companies like Raytheon Technologies, National Grid, and various civil engineering firms across New England.
Geographically, the vast majority of Merrimack graduates secure employment within Massachusetts, with a strong concentration in the Boston, Cambridge, and North Shore regions. Southern New Hampshire is also a common destination due to proximity. While specific graduate school placement rates vary by program, Merrimack supports students pursuing advanced degrees in fields like business (MBA), law, health professions (e.g., physical therapy, physician assistant), and education, often at regional universities or specialized programs. The college emphasizes experiential learning, with a high percentage of students completing internships, co-ops, or research projects, which directly translates into job offers and a competitive edge in the market. This hands-on approach, combined with a dedicated career services team and an engaged alumni network, ensures that Merrimack graduates are not just prepared for their first job, but for a trajectory of career growth.
Campus Life & Culture at Merrimack College
Merrimack College's student body of nearly 4,000 undergraduates is primarily drawn from New England, though it attracts students from across the U.S. and internationally, fostering a growing diversity. The campus thrives with students who are community-minded, career-focused, and eager to engage in a balanced academic and social environment, often valuing the college's Augustinian emphasis on service and ethical development.
Life at Merrimack College is defined by a vibrant, close-knit community deeply rooted in its Augustinian Catholic values, emphasizing service, community, and the pursuit of knowledge. Located in North Andover, MA, the campus itself is a self-contained hub, fostering a strong sense of belonging. The social scene largely revolves around on-campus activities, especially for first and second-year students. The Sakowich Campus Center is the heart of student life, bustling with activity, dining options, and meeting spaces. Merrimack boasts over 80 student organizations, ranging from academic clubs and cultural associations to service groups and special interest clubs, ensuring there's something for everyone. Greek life, while present, is not overwhelmingly dominant, with about 15-20% of students participating in fraternities and sororities, offering another avenue for social engagement and leadership.
Athletics are a huge part of the Merrimack experience, with the college competing in NCAA Division I. Hockey, in particular, draws significant crowds and school spirit, creating an electric atmosphere at Lawler Arena. Football, basketball, and lacrosse also have strong followings. Weekends often feature sporting events, campus-wide social gatherings, and performances at the Rogers Center for the Arts. Housing is guaranteed for first-year students, and many choose to live on campus for their first two or three years, contributing to the strong residential community. Dorms range from traditional corridor-style to suite-style living, with modern amenities. Dining options are plentiful, centered around the Sparky's Place main dining hall, offering diverse choices, alongside grab-and-go spots and cafes like the Warrior's Den. The overall 'vibe' is one of energetic engagement, where students balance rigorous academics with a robust social life, often participating in service initiatives and embracing the college's commitment to community and ethical leadership.
Campus Highlights
- **Augustinian Catholic Identity**: A strong sense of community, service, and ethical leadership permeates campus life and academics.
- **NCAA Division I Athletics**: Experience high-level collegiate sports, especially the electric atmosphere at hockey games in Lawler Arena.
- **Experiential Learning Focus**: Strong emphasis on internships, co-ops, research, and hands-on projects, preparing students for career success.
- **Modern Facilities**: Recent investments have led to state-of-the-art academic buildings, residence halls, and athletic complexes.
- **Proximity to Boston**: Located just 25 miles north of Boston, offering easy access to internship opportunities, cultural events, and entertainment.
- **Sakowich Campus Center**: The vibrant hub of student life, featuring dining, social spaces, and student organization offices.
- **Warrior Weekend**: A beloved annual tradition celebrating Merrimack spirit with various campus events, concerts, and activities.
Location & Regional Advantages
Merrimack College's location in North Andover, MA, offers significant geographic advantages that profoundly impact post-graduation career opportunities. Situated just 30 minutes north of Boston, students have unparalleled access to one of the nation's most dynamic and diverse job markets. Boston and Cambridge are global hubs for biotechnology, pharmaceuticals (e.g., Takeda, Sanofi Genzyme), technology (e.g., HubSpot, Akamai), finance (e.g., Fidelity, State Street), and world-class healthcare (e.g., Mass General Brigham, Dana-Farber Cancer Institute). This proximity means a wealth of internship, co-op, and full-time job opportunities are within easy commuting distance, providing a critical advantage for career development.
While the cost of living in the Greater Boston area is high, North Andover itself offers a more suburban, slightly less expensive environment than the immediate city, balancing accessibility with a quieter lifestyle. The quality of life in the Merrimack Valley is excellent, characterized by safe, affluent communities, strong public school systems, and access to both coastal recreation and New Hampshire's mountains. The region experiences four distinct seasons, with warm summers and cold, snowy winters, contributing to a classic New England experience.
Safety is a non-issue in North Andover, which consistently ranks among the safest towns in Massachusetts. This secure environment allows students to focus on their studies and career preparation without undue concern. The local job market in the Merrimack Valley itself, while smaller than Boston's, still offers opportunities in manufacturing, education, and local businesses. However, it's the direct pipeline to Boston's innovation economy that truly elevates Merrimack's career prospects, enabling graduates to step into high-demand, high-paying roles across a spectrum of industries immediately after graduation. This strategic location is arguably one of Merrimack's strongest assets for career outcomes.
How to Get Into Merrimack College
With an admission rate of 70.0%, Merrimack College is selective but accessible, making a thoughtful application strategy crucial. The admissions office employs a holistic review process, but academic rigor and performance remain paramount. A strong GPA in a challenging high school curriculum (including AP/IB courses) is key. While Merrimack is test-optional, submitting strong SAT/ACT scores (if you have them) can bolster your application, especially if your GPA is on the lower end of their admitted student profile. For those not submitting scores, your essay and letters of recommendation become even more critical.
Demonstrated interest is highly valued at Merrimack. Visiting campus, attending virtual information sessions, engaging with admissions counselors, and even following their social media can signal your genuine interest and positively impact your application. Early Action (EA) is highly recommended; applying by the EA deadline (typically November 15th) often provides a slight advantage in admission chances and scholarship consideration, and you'll receive a decision earlier. Your essay is an opportunity to showcase your personality, values, and how you align with Merrimack's community and Augustinian mission. Essays that highlight leadership, community involvement, resilience, or a genuine passion for a specific field of study tend to resonate. Avoid generic essays; instead, connect your experiences to Merrimack's specific offerings or values. Strong letters of recommendation from teachers who know you well and can speak to your academic abilities and character are also vital. Ensure your application is complete and submitted well before the Regular Decision deadline (typically February 15th) to maximize your chances.
How Merrimack College Compares to Similar Schools
Similar schools: Stonehill College, Saint Anselm College, Endicott College, Assumption University
Advantages
- Superior proximity to the Boston/Cambridge job market, offering more direct access to high-growth industries like biotech and tech.
- Stronger emphasis on experiential learning and career services, with robust internship pipelines into major regional companies.
- More diverse academic offerings, particularly in engineering and health sciences, which are high-demand fields in the region.
- Division I athletics provides a more prominent collegiate sports experience compared to many DII/DIII peers.
Disadvantages
- Higher tuition cost compared to some peers, leading to a less favorable ROI for the average student.
- Less national brand recognition compared to some larger or more established private institutions in New England.
- Smaller endowment per student, which can sometimes limit resources or financial aid opportunities compared to wealthier peers.
Best For
- Prospective students who value a strong liberal arts education and career readiness.
- Students seeking a suburban campus experience in Massachusetts.
Avoid If
- Students on a tight budget may find the high tuition and moderate affordability score prohibitive.
- Those looking for a more diverse student body may prefer institutions with higher Asian or Hispanic student populations.
Frequently Asked Questions about Merrimack College
How much does it cost to attend Merrimack College?
In-state tuition at Merrimack College is $53,962 per year, and out-of-state tuition is $53,962 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Merrimack College?
Merrimack College has an acceptance rate of 70.0%.
What is the graduation rate at Merrimack College?
Merrimack College has a graduation rate of 71.0%.
How much do Merrimack College graduates earn?
The median earnings for Merrimack College graduates 10 years after enrollment is $75,584. With median debt of $27,000, graduates earn roughly 2.8x their debt level annually.
How big is Merrimack College?
Merrimack College has approximately 3,916 students and is classified as a medium institution. It is located in North Andover, MA and is a Private Nonprofit institution.
Is Merrimack College worth the cost?
Merrimack College has an ROI score of -65 out of 100. With in-state tuition of $53,962 per year and median post-graduation earnings of $75,584, the data suggests the return on investment may be below average.
Where is Merrimack College located?
Merrimack College is located in North Andover, MA. It is a Private Nonprofit institution with approximately 3,916 students.
How much student debt do Merrimack College graduates have?
The median student debt for Merrimack College graduates is $27,000. With median earnings of $75,584 ten years after enrollment, graduates can expect a debt-to-income ratio of 36%.
Is Merrimack College a good college?
Merrimack College has a graduation rate of 71.0% and median post-graduation earnings of $75,584. High admission rate of 70.02%.
How does Merrimack College compare to similar colleges?
74.51% of students are white, with a small Asian population. Compared to peer institutions, Merrimack College offers a strong academic environment with a high graduation rate, but its high tuition and moderate affordability score make it less competitive in terms of value.
What career prospects do Merrimack College graduates have?
Graduates from Merrimack College are well-prepared for careers in a variety of fields, with a median salary of $75,584 after 10 years.
What should prospective students know about Merrimack College?
Merrimack College holds a strong position in the market for private, medium-sized institutions with a focus on liberal arts education and career readiness.
What makes Merrimack College stand out?
Median student debt is $27,000.
What are the pros and cons of attending Merrimack College?
Located in North Andover, MA, 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.