Pace University
New York, NY 10038-1598 — Private Nonprofit
Value Score: 75/100 | ROI Score: -67 | Affordability Score: 55/100
Tuition (In-State): $53,290 | Out-of-State: $53,290
Acceptance Rate: 75.9% | Graduation Rate: 60.7% | Retention Rate: 75.5%
Median Earnings (10yr): $70,378 | Median Debt: $23,250
SAT Average: 1266 | ACT Midpoint: 26
Student Body Size: 7,665 (medium)
Pell Grant Recipients: 27.3% | Federal Loan Rate: 44.9%
Average Faculty Salary: $12,908/month
Tuition & Affordability Analysis
In-state tuition at Pace University is $53,290 per year, which is 35% above the national average for private institutions.
Out-of-state students pay $53,290/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: $213,160 (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 Pace University:
- Families earning $0–$30,000: $26,473/year
- Families earning $30,001–$48,000: $26,362/year
- Families earning $48,001–$75,000: $28,467/year
- Families earning $75,001–$110,000: $31,219/year
- Families earning $110,000+: $36,430/year
Low-income families receive an average discount of $26,817/year, paying just 50% of the sticker price.
Admissions Snapshot
Pace University has an acceptance rate of 75.9%, placing it in the Less Selective (70–85%) category. This means roughly 2,524 students apply each year.
The average SAT score of admitted students is 1266, 19% above the national average. This reflects a strong academic student body.
The ACT midpoint is 26, 24% above the national average.
Graduate Outcomes & Return on Investment
60.7% of students at Pace University complete their degree, near the national average. This is a solid graduation rate.
First-year retention rate: 75.5% (7% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Pace University earn a median salary of $70,378 ten years after enrollment, 72% above the national average. This represents a $35,378/year earnings premium over the average high school diploma holder, or $1,061,340 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $23,250, 8% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $252/month, with a total repayment of $30,240 (including $6,990 in interest).
Debt-to-Earnings Ratio: 0.33x. 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 Pace University pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
27.3% of students at Pace University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 17% 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.
44.9% of students take federal loans, 4% below the national average. This is a moderate borrowing rate.
Average faculty salary: $12,908/month, 48% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Pace University enrolls 7,665 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.
Diversity Index: 72/100 (higher = more diverse). Pace University has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 44%, Hispanic 24%, Black 12%, Asian 8%.
Pace University: Strong Academic Outcomes and Career Prospects
- Pace University: Your Launchpad to a High-Powered NYC Career
- Beyond the Diploma: Unpacking the Real Value of a Pace University Education
- The Pace Advantage: Internships, Networking, and Landing Your Dream Job in the Big Apple
Report Card: Overall Grade D+
Pace University receives an overall grade of D+ based on six dimensions:
- Academics: D+
- Value: F
- Outcomes: B+
- Affordability: C-
College Analysis
Pace University is a Private Nonprofit institution in New York, NY with approximately 7,665 students. Pace University has a strong graduation rate and median earnings, indicating good academic and career outcomes. The tuition cost is high, but the median earnings after 10 years are substantial, suggesting a potentially good return on investment. The university has a diverse student body, with a significant Hispanic population, reflecting its location in New York City. Pace University offers a range of programs, including business, law, and media arts, catering to various career paths.
The Verdict: Is Pace University Worth It?
Pace University presents a complex value proposition. With an in-state and out-of-state tuition of $53,290 and median 10-year earnings of $70,378, the immediate return on investment appears modest, especially when considering the median debt of $23,250. The ROI score of -67 further underscores this concern, suggesting that, on average, graduates may not recoup their investment quickly. However, the median earnings figure is a 10-year average, and many graduates, particularly those in high-demand fields like finance and technology in New York City, can achieve significantly higher salaries much sooner. The university's strong career services and prime NYC location provide a distinct advantage in securing well-paying jobs. For students who can leverage these resources effectively and secure high-earning positions shortly after graduation, Pace can be a worthwhile investment. For others, the debt burden combined with average earnings might make it a less attractive financial choice. Recommendation: Pace is a potentially good investment for ambitious students targeting lucrative careers in NYC, but requires strategic career planning to maximize financial returns.
Return on Investment
While the degree from Pace University is expensive, the potential earnings and career opportunities justify the cost for many students.
Debt Reality Check
Median student debt at Pace University: $23,250. Monthly payment on a standard 10-year plan: $264/month. Total repaid: $31,680 ($8,430 in interest).
Breakeven vs high school diploma: 0.6 years. Debt burden: Low. Salary needed for comfortable repayment: $31,680.
Strengths
- Strong academic programs and career outcomes
- Diverse student body
- Urban location with many opportunities
Weaknesses
- High tuition cost
- Moderate graduation rate compared to some peers
Academic Profile
SAT Average: 1266. ACT Midpoint: 26. Retention Rate: 75.5%.
Pace University's academic identity is strongly shaped by its commitment to career readiness, particularly evident in its highly regarded Lubin School of Business and the Seidenberg School of Computer Science and Information Systems. These programs are known for integrating practical experience, such as internships and co-ops, directly into the curriculum, preparing students for immediate entry into the workforce. The College of Health Professions also stands out, offering robust programs in nursing and physician assistant studies that benefit from the university's New York City location and its proximity to major healthcare institutions. Research opportunities are accessible, especially for upperclassmen, with faculty actively involved in various fields and often seeking student collaborators. While specific faculty salary data isn't publicly available, the university's focus on professional development suggests a faculty base with significant real-world expertise. Pace offers an Honors College for high-achieving students, providing enriched academic experiences, smaller class sizes, and dedicated advising. Study abroad programs are available, allowing students to gain global perspectives, often facilitated through partnerships with international institutions. Academic support is robust, with the Academic Advisement Center and various tutoring services available across disciplines to help students navigate their coursework and career goals.
Financial Aid Guide for Pace University
Pell Grant recipients: 27.3%. Students taking federal loans: 44.9%.
Navigating financial aid at Pace University requires understanding its commitment to both merit-based and need-based aid, especially given its urban setting and tuition costs. For the 2023-2024 academic year, undergraduate tuition and fees were approximately $53,290. Pace offers a range of scholarships, many of which are merit-based, awarded automatically upon admission based on academic achievement (GPA, test scores if submitted). These can range from a few thousand dollars to covering a significant portion of tuition. Need-based grants are also a crucial component, determined by the FAFSA and the university's own financial aid application. For families with an Expected Family Contribution (EFC) of $0-$20,000, federal Pell Grants and state grants might cover a substantial portion of tuition, supplemented by Pace grants. For middle-income families (EFC $20,000-$50,000), a combination of merit scholarships, Pace grants, and federal loans will likely form the aid package. Students with higher EFCs will rely more heavily on merit scholarships and private loans. Work-study opportunities are available and are often listed as part of the financial aid package, providing on-campus employment. Pace is generally receptive to aid negotiation, particularly if a student has a competing offer from a similarly ranked institution or if there has been a significant change in family financial circumstances. It's crucial to submit the FAFSA and CSS Profile (if required) by the priority deadlines to maximize aid eligibility.
Hidden Costs at Pace University
- Room and board costs can range from $17,000 to $20,000 annually, depending on the chosen residence hall and meal plan.
- Textbooks and course materials can add an estimated $1,000 to $1,500 per academic year.
- Student activity fees, technology fees, and other miscellaneous university fees can total around $1,500 to $2,000 per year.
- Transportation costs, especially for students commuting or frequently traveling within NYC, can vary widely but budget at least $500-$1,000 annually for MetroCards or ride-sharing.
- Personal expenses, including toiletries, laundry, entertainment, and incidental spending, can easily amount to $2,000-$3,000 per year.
- Health insurance is mandatory for all undergraduate students; if not covered by a parent's plan, Pace's student health insurance plan costs approximately $2,500-$3,000 annually.
Alumni Outcomes & Career Paths
Pace University, situated in the heart of New York City, leverages its prime location to offer graduates significant career advantages. Major employers actively recruit from Pace, particularly in finance, technology, and media. Companies like JPMorgan Chase, Deloitte, EY, IBM, and NBCUniversal frequently hire Pace graduates. The university boasts strong internship pipelines, with students gaining experience at institutions such as the Federal Reserve Bank of New York, Morgan Stanley, and various media outlets in Manhattan. These internships often serve as direct pathways to full-time employment. Industries where Pace alumni cluster include financial services, accounting, marketing, software development, and healthcare. Graduate school placement rates are robust, with many students pursuing advanced degrees in law, business, and medicine at prestigious institutions. Notable alumni include former New York State Governor Mario Cuomo, actor Robert F. Kennedy Jr., and numerous executives in finance and media. Pace's career services are well-regarded, offering extensive networking events, resume workshops, and personalized career counseling, capitalizing on its New York City connections. Geographic hiring patterns show a strong concentration of alumni working within the New York metropolitan area, though graduates also find opportunities in major financial and tech hubs across the US.
Campus Life & Culture at Pace University
Pace University attracts a diverse student body, with a significant portion coming from the New York metropolitan area, alongside students from across the nation and internationally. The university fosters an environment for ambitious, career-oriented students who are eager to leverage their education and location for professional success. Students who thrive at Pace are often self-starters, comfortable in an urban setting, and motivated by the prospect of real-world experience.
Pace University, with its distinct urban campuses in Lower Manhattan and Westchester, offers a unique student experience deeply intertwined with the vibrant energy of New York City and its surrounding suburban hubs. The 'vibe' is decidedly professional and driven, reflecting the university's strong emphasis on career preparation. Social life is less about sprawling quads and more about exploring the city's endless offerings. Students often connect through academic interests, internships, and a wide array of clubs and organizations. The Seidenberg School of Computer Science and Information Systems, the Lubin School of Business, and the School of Performing Arts are particularly active hubs for student engagement. While Pace doesn't have a traditional Greek life scene, its numerous clubs, including the Pace University Student Government Association, various cultural groups, and professional fraternities, provide ample opportunities for community building. Housing is primarily apartment-style, with options like the 161 William Street residence hall in Manhattan offering a true downtown living experience. Meal plans are available but many students opt to explore the diverse and affordable culinary landscape of NYC. Athletics are present, with Division II teams competing as the Setters, offering a chance for athletic involvement without the intense pressure of major D1 programs. The overall atmosphere is one of ambition, with students leveraging their location for internships and networking, creating a dynamic environment where academic pursuits and real-world experience go hand-in-hand.
Campus Highlights
- Urban immersion: Two distinct campuses in Lower Manhattan and Westchester, offering unique living and learning environments.
- Career-focused education: Strong emphasis on internships, co-ops, and experiential learning integrated into curricula.
- NYC advantage: Unparalleled access to internships, networking, and cultural experiences in the heart of New York City.
- Lubin School of Business: A highly respected business school with strong ties to the financial and corporate world.
- Seidenberg School of Computer Science and Information Systems: A leading program for tech-focused students seeking cutting-edge education.
- Performing Arts programs: Located in NYC, offering students direct access to the entertainment industry.
Location & Regional Advantages
Pace University's New York City location is arguably its most significant asset, offering unparalleled access to a dynamic and diverse job market. The city is a global hub for finance, media, fashion, technology, and the arts, providing students with a vast array of internship and employment opportunities. While the cost of living in New York City is notoriously high, the concentration of major corporations and burgeoning startups means that graduates are often positioned for higher starting salaries, which can help offset this expense. Proximity to industry hubs like Wall Street, Silicon Alley, and the media district allows for easy networking and access to industry events. The quality of life in NYC is vibrant and multifaceted, offering endless cultural experiences, entertainment, and diverse communities, though it comes with the typical urban challenges of noise and crowds. Weather in New York is temperate, with distinct seasons. Safety is a concern in any large city, but Pace has implemented various safety measures on its campuses. The sheer density of professional opportunities in New York City significantly enhances career prospects for Pace graduates, making it a strategic choice for those aiming for careers in competitive, high-growth sectors.
How to Get Into Pace University
Pace University's admission rate of 75.9% indicates a moderately selective admissions process. While Early Decision (ED) and Early Action (EA) are options, Pace does not typically offer significant advantages for applying ED/EA beyond earlier notification. The admissions committee values a holistic review, looking beyond just GPA and test scores (which are optional for many programs). Strong academic performance in high school, demonstrated through a GPA that is generally in the B+ to A- range, is important. Essays are a key component; focus on demonstrating your 'why Pace' – how your career aspirations align with Pace's strengths, particularly in areas like business, performing arts, or computer science, and how you'll leverage the NYC location. Highlighting internships, volunteer work, or leadership roles showcases initiative. Demonstrated interest is considered, so attending virtual or in-person information sessions, engaging with admissions counselors, and visiting campus (if possible) can be beneficial. The application deadline for Fall admission is typically rolling, but applying by the priority deadline of March 1st is recommended for optimal scholarship consideration. For students with SAT/ACT scores, the average SAT score is not published, but admitted students generally fall within a competitive range for similar private universities.
How Pace University Compares to Similar Schools
Similar schools: Fordham University, New York University (NYU), Syracuse University, Hofstra University
Advantages
- Prime Manhattan location offering unparalleled access to internships and jobs in finance, media, and tech.
- Strong emphasis on experiential learning and career services with deep ties to NYC industries.
- Diverse student body and a vibrant urban campus experience.
Disadvantages
- Higher tuition cost compared to some public alternatives.
- Lower overall graduation rate compared to more selective institutions.
Best For
- Students seeking a less expensive education option may want to consider other institutions.
- Prospective students should weigh the high tuition against the potential earnings and career opportunities.
Avoid If
- Students looking for a more affordable education may want to explore other options.
- Those seeking a less diverse student body might find other institutions more suitable.
Frequently Asked Questions about Pace University
How much does it cost to attend Pace University?
In-state tuition at Pace University is $53,290 per year, and out-of-state tuition is $53,290 per year. The median student debt at graduation is $23,250.
What is the acceptance rate at Pace University?
Pace University has an acceptance rate of 75.9%.
What is the graduation rate at Pace University?
Pace University has a graduation rate of 60.7%.
How much do Pace University graduates earn?
The median earnings for Pace University graduates 10 years after enrollment is $70,378. With median debt of $23,250, graduates earn roughly 3.0x their debt level annually.
How big is Pace University?
Pace University has approximately 7,665 students and is classified as a medium institution. It is located in New York, NY and is a Private Nonprofit institution.
Is Pace University worth the cost?
Pace University has an ROI score of -67 out of 100. With in-state tuition of $53,290 per year and median post-graduation earnings of $70,378, the data suggests the return on investment may be below average.
Where is Pace University located?
Pace University is located in New York, NY. It is a Private Nonprofit institution with approximately 7,665 students.
How much student debt do Pace University graduates have?
The median student debt for Pace University graduates is $23,250. With median earnings of $70,378 ten years after enrollment, graduates can expect a debt-to-income ratio of 33%.
Is Pace University a good college?
Pace University has a graduation rate of 60.7% and median post-graduation earnings of $70,378. High tuition cost but strong earnings potential
How does Pace University compare to similar colleges?
Diverse student body with a significant Hispanic population Compared to peer institutions, Pace University offers a robust academic experience and career prospects, but the high tuition cost is a significant factor.
What career prospects do Pace University graduates have?
Graduates from Pace University are well-positioned for careers in business, law, and media, with strong earning potential.
What should prospective students know about Pace University?
Pace University is well-regarded in the New York City market, offering a mix of urban opportunities and strong academic programs.
What makes Pace University stand out?
Strong graduation rate and median earnings
What are the pros and cons of attending Pace University?
Offers a variety of programs across different fields
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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.