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Peirce College

Philadelphia, PA — Private Nonprofit

Value Score: 20/100

Tuition (In-State): $15,060 | Out-of-State: $15,060

Graduation Rate: 6.3%

Median Earnings (10yr): $50,660 | Median Debt: $31,250

Student Body Size: 799

Peirce College shows high affordability but struggles with low graduation rates and negative long-term financial ROI.

Report Card: Overall Grade C-

Peirce College receives an overall grade of C- based on six dimensions:

College Analysis

Peirce College, a small private nonprofit institution in Philadelphia, presents a mixed picture regarding its academic offerings and student outcomes. While it serves a significant portion of minority students, its reported graduation rate of 6.3% is exceptionally low, raising concerns about student success and program completion. The affordability score is high at 90, suggesting that the cost of attendance may be relatively manageable, but this is contrasted by a negative ROI score of -16, indicating that graduates, on average, do not earn enough over ten years to offset their educational costs and debt. The median earnings of $50,660 after 10 years, coupled with a median debt of $31,250, suggest a challenging financial return on investment for many students. The student experience is likely shaped by its small size, but the low graduation rate and questionable financial outcomes warrant careful consideration.

The Verdict: Is Peirce College Worth It?

Peirce College presents a complex value proposition. With an in-state and out-of-state tuition of $15,060 and a median debt of $31,250, the financial commitment is significant. The median earnings after 10 years stand at $50,660, resulting in a negative ROI score of -16. This indicates that, on average, graduates are not recouping their investment in terms of earnings within a typical timeframe compared to their debt burden. The low graduation rate of 6.3% also raises concerns about student success and program completion. While the cost of tuition is moderate compared to some private institutions, the earnings potential and debt levels suggest that a degree from Peirce College may not be a financially optimal choice for many students without careful consideration of specific program outcomes and career paths. The debt payoff timeline, based on these figures, could extend well beyond the typical 10-year median earnings period. Therefore, Peirce College is not a clear 'good deal' and appears to be overpriced relative to its average alumni financial outcomes. A direct recommendation is difficult without knowing individual program ROI, but prospective students should approach with caution and thoroughly research specific career outcomes for their intended major.

Return on Investment

With a negative ROI score of -16, the median earnings of Peirce College graduates after 10 years do not appear to sufficiently cover the median debt incurred, making the degree a potentially poor financial investment.

Debt Reality Check

Median student debt at Peirce College: $31,250. Monthly payment on a standard 10-year plan: $355/month. Total repaid: $42,600 ($11,350 in interest).

Breakeven vs high school diploma: 1.5 years. Debt burden: Manageable. Salary needed for comfortable repayment: $42,600.

Strengths

Weaknesses

Academic Profile

Peirce College distinguishes itself through a strong commitment to career-focused education, offering programs designed to equip students with the practical skills and knowledge needed to succeed in today's competitive job market. While specific departmental strengths are best explored through program-specific details, the college generally excels in areas that align with the demands of the Philadelphia workforce, often including business, information technology, and legal studies. The curriculum is designed with the working adult learner in mind, emphasizing flexibility and real-world application.

Faculty at Peirce are typically experienced professionals and academics who bring a wealth of practical knowledge into the classroom. While specific faculty salary data isn't publicly available, the college's commitment to hiring qualified instructors suggests a dedication to academic quality. The student-faculty ratio, though not explicitly stated, is likely to be relatively low given the college's size, allowing for more personalized attention and interaction between students and instructors. This intimate academic environment is conducive to mentorship and tailored guidance.

Research opportunities at Peirce are often integrated into coursework, with projects and assignments designed to solve real-world problems relevant to students' professional lives. While extensive independent research labs might not be a hallmark, the focus is on applied learning. Peirce offers various academic support resources to ensure student success. These include tutoring services, academic advising, career services, and writing support, all aimed at helping students navigate their academic journey and achieve their educational and career goals. The college's emphasis on career services is particularly noteworthy, as it works closely with students to prepare them for internships and job placements upon graduation. Honors programs may be available for high-achieving students, offering enriched academic experiences and opportunities for advanced study.

Financial Aid Guide for Peirce College

Navigating financial aid at Peirce College is a practical process designed to make its career-focused education accessible, particularly for its target audience of working adults and aspiring professionals. Peirce offers a range of financial aid options, including federal grants, state grants, institutional aid, and federal student loans. The college's commitment to affordability is evident in its tuition structure, which is the same for in-state and out-of-state students at $15,060 annually.

For students demonstrating financial need, Pell Grants and state grants can significantly reduce the out-of-pocket cost. While specific Pell Grant Rate data isn't provided, it's a crucial federal aid source for low-income students. Peirce also offers institutional aid, which can include merit-based scholarships and need-based grants. These are often awarded based on academic achievement, program of study, and financial need. Prospective students are strongly encouraged to complete the FAFSA (Free Application for Federal Student Aid) as early as possible, as this is the primary form used to determine eligibility for most federal and state aid, as well as institutional need-based awards.

Work-study programs are also available, providing part-time employment opportunities for students with financial need, allowing them to earn money to help pay for educational expenses. Typical aid packages can vary widely depending on individual circumstances, but for students with significant financial need, grants and scholarships could cover a substantial portion of tuition. For example, a student receiving the maximum Pell Grant (around $7,395 for 2023-2024) and a comparable institutional grant could see their tuition burden reduced considerably.

Scholarship tips include researching any specific scholarships offered by Peirce, often detailed on their financial aid website, and applying for external scholarships from community organizations, professional associations, and private foundations. While Peirce is generally a pragmatic institution, negotiating financial aid is typically less common than at larger, more research-intensive universities. However, if a student has a significant change in financial circumstances or a compelling reason, contacting the financial aid office to discuss options is always advisable. The median debt for graduates is $31,250, which suggests that while loans are a common component of aid packages, the college aims to keep debt manageable relative to potential earnings.

Hidden Costs at Peirce College

Alumni Outcomes & Career Paths

Peirce College, a private nonprofit institution in Philadelphia, PA, focuses on career-oriented education, aiming to equip its 799 students for immediate workforce entry. While specific data on major employers actively recruiting from Peirce is not publicly detailed, its curriculum often aligns with sectors prevalent in the Philadelphia metropolitan area. Graduates are likely to find opportunities in fields such as business administration, accounting, IT, and legal studies, reflecting the strong presence of these industries in the region. Major employers in Philadelphia include large healthcare systems like Penn Medicine and Jefferson Health, financial institutions such as Vanguard and Lincoln Financial Group, and numerous professional services firms. Alumni may also find roles in government agencies and non-profit organizations within the city.

Information regarding graduate school placement rates is not readily available, suggesting that the primary focus for Peirce graduates is direct employment. The college emphasizes career services, offering support in resume building, interview preparation, and job searching. Internship pipelines are crucial for Peirce, with many programs likely incorporating or facilitating internships with local businesses. Given its urban setting, geographic hiring patterns for Peirce alumni tend to be concentrated within the Greater Philadelphia area, including surrounding counties in Pennsylvania and New Jersey. While specific notable alumni are not widely publicized, the college's mission suggests a network of graduates contributing to the local economy in various professional capacities.

Campus Life & Culture at Peirce College

Peirce College serves a diverse student body primarily composed of adult learners, working professionals, and individuals seeking to advance their careers. The student population is largely local to the Philadelphia metropolitan area, with a strong representation of individuals balancing education with work and family responsibilities. Students who thrive at Peirce are typically self-motivated, goal-oriented, and appreciate a practical, career-centric educational approach.

Peirce College, nestled in the heart of Philadelphia, offers a unique urban campus experience that's deeply integrated with the city itself. As a private, nonprofit institution with a student body of around 800, Peirce fosters a close-knit community where students often know each other and faculty on a personal level. The campus doesn't have traditional dormitories; instead, students are typically local residents who commute, making the surrounding Philadelphia neighborhoods their home base. This means campus life revolves around academic pursuits and professional development, with social interactions often occurring in academic settings, study groups, or through student organizations.

While large-scale social events and a traditional Greek life system aren't central to the Peirce experience, the college offers various avenues for engagement. Student clubs and organizations cater to diverse interests, from professional associations related to specific majors to cultural and social groups. These provide excellent opportunities to connect with peers who share similar academic or personal passions. The college actively encourages participation in these groups as a way to build community and develop leadership skills.

Given its urban setting, students often take advantage of Philadelphia's rich cultural landscape for entertainment and social activities. Museums, historical sites, restaurants, and entertainment venues are all within easy reach, offering a dynamic backdrop to student life. Dining options are primarily off-campus, with numerous eateries and cafes surrounding the college, providing a wide array of choices to suit any taste or budget. Athletics are not a primary focus at Peirce, aligning with its mission to serve adult learners and working professionals seeking career advancement. The overall vibe at Peirce is one of focused ambition, practicality, and a strong sense of community built around shared educational goals and the pursuit of career success within a vibrant metropolitan environment.

Campus Highlights

Location & Regional Advantages

Peirce College's location in the heart of Philadelphia, PA, offers significant geographic advantages for its students. Philadelphia boasts a robust and diverse job market, particularly strong in healthcare, finance, education, and professional services. Major employers like Penn Medicine, Jefferson Health, Comcast, and Aramark provide a substantial pool of potential internship and post-graduation employment opportunities for Peirce graduates. The city's cost of living, while higher than many suburban or rural areas, is generally more affordable than other major East Coast hubs like New York City or Boston, making the median debt of $31,250 potentially more manageable.

Philadelphia is also a hub for various industries, including a growing tech scene and a well-established legal and business community, aligning well with Peirce's program offerings. The quality of life in Philadelphia is high, with a rich cultural scene, numerous historical sites, diverse culinary options, and a strong sense of community. While weather is typical of the Mid-Atlantic region, with four distinct seasons, the city is generally considered safe, especially in the areas where students are likely to live and study. Proximity to other major metropolitan areas like New York City and Washington D.C. via Amtrak also expands career networking and job search possibilities beyond the immediate Philadelphia region, offering a broader scope for career advancement.

How to Get Into Peirce College

Applying to Peirce College is a straightforward process, reflecting its mission to serve adult learners and those seeking career advancement. The college generally has an open admission policy for many of its undergraduate programs, meaning the focus is less on highly selective admissions criteria and more on ensuring students are prepared for college-level work and have clear career goals. While specific GPA or test score ranges are not emphasized due to the absence of SAT/ACT requirements, a strong high school record or equivalent (like GED) is beneficial.

Admissions counselors at Peirce value a student's motivation, life experience, and clear articulation of their career aspirations. The application essay, if required, should focus on why Peirce is the right choice for their professional development and how their past experiences have prepared them for this next step. Demonstrating interest is important; this can be shown by attending an information session, scheduling a campus visit (even if virtual), or speaking directly with an admissions counselor.

Peirce College does not typically offer Early Decision (ED) or Early Action (EA) options in the traditional sense, as the admissions timeline is often more flexible to accommodate working professionals. The application deadline is usually rolling, meaning applications are reviewed as they are received, allowing students to apply throughout the year. However, it's always advisable to apply well in advance of the intended start date to allow ample time for financial aid processing and course registration. Focus on highlighting relevant work experience, transferable skills, and a clear vision for how a Peirce education will help achieve specific career outcomes. The admissions team is there to guide applicants through the process, making it a supportive experience.

How Peirce College Compares to Similar Schools

Similar schools: Drexel University, Temple University, La Salle University, University of Pennsylvania (for specific professional programs)

Advantages

Disadvantages

Best For

Avoid If

Frequently Asked Questions about Peirce College

Is Peirce College a good investment given its low graduation rate and negative ROI?

Based on the provided data, Peirce College has a negative ROI score of -16, suggesting that graduates may not earn enough to offset their debt. The extremely low graduation rate of 6.3% also raises concerns about student success.

What is the typical earning potential for Peirce College graduates?

The median earnings for Peirce College graduates 10 years after entry are $50,660, which, when compared to the median debt of $31,250, results in a negative return on investment.

How affordable is Peirce College?

Peirce College has a high affordability score of 90, indicating that the cost of attendance may be relatively manageable compared to other institutions.

What are the primary concerns for prospective students at Peirce College?

Prospective students should be aware of the exceptionally low graduation rate (6.3%) and the negative financial return on investment (ROI score of -16).

What is the student body like at Peirce College?

Peirce College is a small institution with 799 students, serving a diverse population with a significant percentage of Black (50.9%) and Hispanic (12.6%) students.

What is the acceptance rate at Peirce College and how hard is it to get in?

Peirce College does not publicly disclose a specific admission rate, which can make it difficult to definitively state how 'hard' it is to get in. However, as a college focused on serving adult learners and those seeking career advancement, its admissions process is often designed to be accessible. Unlike highly selective institutions, Peirce likely emphasizes a student's motivation and potential for success in their chosen field rather than solely relying on traditional academic metrics like GPA and standardized test scores. Prospective students are encouraged to contact the admissions office directly for the most accurate information regarding application requirements, deadlines, and any specific academic prerequisites. It's advisable to prepare a strong personal statement and gather any relevant transcripts or documentation to showcase your readiness for college-level study. The college's mission suggests a commitment to providing educational opportunities, implying a more open admissions policy than highly competitive universities.

Is Peirce College worth the money?

Evaluating whether Peirce College is 'worth the money' requires a close look at its financial metrics. With an annual tuition of $15,060 and a median debt of $31,250, the investment is considerable. The median earnings after 10 years are reported at $50,660, which, when compared to the debt and tuition costs, results in a negative ROI score of -16. This suggests that, on average, graduates do not see a substantial financial return on their educational investment within a typical timeframe. The payoff timeline for the $31,250 in debt, based on the median earnings, could be lengthy. While Peirce offers career-focused education, the average outcomes indicate that it may be overpriced for the financial return it typically provides. Prospective students should thoroughly research the specific earning potential of their intended major and consider the long-term financial implications before enrolling.

What are the best majors at Peirce College?

Peirce College offers several programs designed to align with in-demand career fields, particularly within the Philadelphia metropolitan area. Based on industry trends and common career paths for graduates of similar institutions, majors such as Business Administration, Accounting, Information Technology, and Legal Studies are likely to be among the most beneficial. The Business Administration program provides a broad foundation applicable to various roles in management, marketing, and operations. An Accounting degree prepares students for careers in financial management and auditing, sectors that are consistently strong in urban economies. The IT programs are crucial given the increasing reliance on technology across all industries. Legal Studies graduates can pursue roles as paralegals or legal assistants, supporting the robust legal sector in Philadelphia. Prospective students should investigate specific course offerings, faculty expertise, and any available career services or internship support for each major to determine the best fit for their individual career aspirations.

What is student life like at Peirce College?

Student life at Peirce College is primarily geared towards adult learners and working professionals seeking to advance their careers. As a smaller institution with 799 students, the campus environment is likely to be more intimate and focused than at a large university. While Peirce may not offer the extensive range of extracurricular activities, clubs, and social events found at traditional residential colleges, it provides a supportive academic community. The college's urban location in Philadelphia means students have access to the city's vast cultural, entertainment, and dining options outside of their academic pursuits. Many students balance their studies with work and family commitments, so the social scene often revolves around shared academic experiences and networking opportunities. The focus is less on a traditional 'college experience' and more on achieving specific educational and career goals within a professional setting.

How much financial aid does Peirce College give?

Peirce College is committed to making education accessible and offers various forms of financial aid to eligible students. This includes federal and state grants, student loans, and institutional scholarships. While specific aggregate data on the percentage of students receiving aid or the average aid package is not readily available in public summaries, prospective students are strongly encouraged to complete the Free Application for Federal Student Aid (FAFSA) to determine their eligibility for federal programs like Pell Grants and federal student loans. Peirce also likely offers its own scholarships and payment plans to assist students. It is crucial for applicants to connect with the Peirce College Financial Aid Office to discuss their individual financial situation, explore all available aid options, and understand the total cost of attendance after aid. This office can provide personalized guidance on navigating the financial aid process and maximizing available resources.

What salary can I expect after graduating from Peirce College?

The median earnings for Peirce College graduates 10 years after enrollment are reported at $50,660. However, this is an aggregate figure and actual salaries can vary significantly based on the chosen major, individual performance, internship experiences, and the specific job market at the time of graduation. For instance, graduates from IT or Accounting programs in the Philadelphia area might expect higher starting salaries than those in certain administrative roles, potentially ranging from the mid-$40,000s to the mid-$50,000s or higher for specialized positions. It is crucial for prospective students to research the specific earning potential associated with their intended field of study. While the median earnings provide a benchmark, they do not reflect the full spectrum of outcomes, and some graduates may achieve significantly higher salaries, particularly those who leverage their Peirce education for career advancement into management or specialized roles within thriving industries like finance or healthcare in the Philadelphia region.

What are the dorms like at Peirce College?

Peirce College is primarily an urban commuter college, and as such, it does not offer traditional on-campus housing or dormitories. The student body largely consists of adult learners and working professionals who typically live off-campus in their own residences throughout the Philadelphia metropolitan area. This means that students do not experience the typical residential college life associated with dorms, communal living, or campus-based social activities. Instead, students commute to campus for classes and utilize campus facilities like libraries and study spaces. For those seeking housing in Philadelphia, there are numerous apartment complexes and rental options available in the city, catering to various budgets and preferences. Prospective students should plan for off-campus living arrangements and associated costs.

Is Peirce College a good school for research?

Peirce College's primary mission is to provide career-focused education and prepare students for direct entry into the workforce, rather than emphasizing traditional academic research. As a smaller institution with a focus on adult learners and professional development, it does not typically offer the extensive research opportunities, laboratories, or faculty-led research projects common at larger research universities. While students may engage in research as part of coursework, such as term papers or capstone projects, these are generally not the same as independent scholarly research or opportunities to publish in academic journals. For students seeking a robust research experience or aiming for careers that heavily involve academic inquiry, Peirce College may not be the ideal choice. Its strengths lie in practical skill development and career application rather than scholarly research.

How does Peirce College compare to similar schools?

Peirce College can be compared to other private, career-focused institutions in the Philadelphia area that serve a similar demographic of adult learners and working professionals. Realistic peers might include institutions like Drexel University (especially its online or continuing education programs), Temple University (for its professional programs and commuter student population), and La Salle University. Compared to these peers, Peirce's primary advantage lies in its potentially smaller class sizes and more individualized attention, catering specifically to students balancing education with work and family. Its urban Philadelphia location is a shared advantage with Drexel and Temple, offering access to a large job market. However, Peirce often faces disadvantages in terms of overall institutional reputation, broader alumni networks, and the depth of academic resources and research opportunities compared to larger universities like Drexel or Temple. Its lower graduation rate also suggests potential challenges in student support and retention compared to its more established competitors.

What do employers think of a degree from Peirce College?

Employer perception of a degree from Peirce College is likely influenced by its specific focus on career-oriented education and its strong ties to the Philadelphia business community. Employers in the region who are familiar with Peirce often recognize its commitment to preparing graduates for practical, job-ready roles, particularly in fields like business, IT, and legal support. The college's emphasis on skills development and its career services likely contribute to graduates being seen as capable and motivated employees. However, Peirce may not carry the same broad name recognition or perceived prestige as larger, more established universities in the area. Therefore, while employers value the practical skills Peirce graduates bring, the degree's impact on career advancement might be more pronounced within local companies and industries that have direct relationships with the college, rather than in highly competitive national or international job markets where institutional reputation can play a larger role.

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AI-generated analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.