Roanoke College
Salem, VA 24153-3794 — Private Nonprofit
Value Score: 75/100 | ROI Score: -62 | Affordability Score: 55/100
Tuition (In-State): $38,068 | Out-of-State: $38,068
Acceptance Rate: 83.1% | Graduation Rate: 66.6% | Retention Rate: 75.7%
Median Earnings (10yr): $58,047 | Median Debt: $27,000
SAT Average: 1211 | ACT Midpoint: 25
Student Body Size: 1,767 (small)
Pell Grant Recipients: 24.4% | Federal Loan Rate: 80.3%
Average Faculty Salary: $7,553/month
Tuition & Affordability Analysis
In-state tuition at Roanoke College is $38,068 per year, which is 3% below the national average for private institutions.
Out-of-state students pay $38,068/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: $152,272 (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 Roanoke College:
- Families earning $0–$30,000: $15,204/year
- Families earning $30,001–$48,000: $17,410/year
- Families earning $48,001–$75,000: $18,638/year
- Families earning $75,001–$110,000: $15,902/year
- Families earning $110,000+: $30,087/year
Low-income families receive an average discount of $22,864/year, paying just 40% of the sticker price.
Admissions Snapshot
Roanoke College has an acceptance rate of 83.1%, placing it in the Less Selective (70–85%) category. This means roughly 532 students apply each year.
Roanoke College accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
The average SAT score of admitted students is 1211, 14% above the national average. This reflects a strong academic student body.
The ACT midpoint is 25, 19% above the national average.
Graduate Outcomes & Return on Investment
66.6% of students at Roanoke College complete their degree, 7% above the national average. This is a solid graduation rate.
First-year retention rate: 75.7% (7% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Roanoke College earn a median salary of $58,047 ten years after enrollment, 42% above the national average. This represents a $23,047/year earnings premium over the average high school diploma holder, or $691,410 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: 0.47x. 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 Roanoke College pays for itself in approximately 7 years. This is a reasonable investment timeline.
Financial Aid Profile
24.4% of students at Roanoke College receive Pell Grants (federal need-based aid for families earning under ~$60,000), 26% below the national average. A lower Pell rate suggests the student body skews toward higher-income families. Merit aid may be more prevalent than need-based aid.
80.3% of students take federal loans, 71% above the national average. This high borrowing rate means most students need loans to attend. Factor loan payments into your decision carefully.
Average faculty salary: $7,553/month, 13% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Roanoke College enrolls 1,767 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.
Diversity Index: 41/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 76%, Hispanic 7%, Black 7%, Asian 2%.
Roanoke College: Small Private Institution with Strong Graduation and Earnings Potential
- Roanoke College: A Foundation for Impactful Careers Beyond the Bottom Line
- Unlocking Potential: How Roanoke College Graduates Forge Successful Paths in Diverse Industries
- Experience the Roanoke Difference: A Liberal Arts Education Rooted in Community and Opportunity
Report Card: Overall Grade D+
Roanoke College receives an overall grade of D+ based on six dimensions:
- Academics: D+
- Value: F
- Outcomes: B
- Affordability: C+
College Analysis
Roanoke College is a Private Nonprofit institution in Salem, VA with approximately 1,767 students. Roanoke College has a strong graduation rate and decent earnings potential for graduates. The college offers a small, private, and non-profit education, which can provide a personalized academic experience. Roanoke College has a relatively high median debt, which could be a concern for students.
The Verdict: Is Roanoke College Worth It?
Roanoke College presents a complex value proposition. With an out-of-state tuition of $38,068 and a median 10-year earnings of $58,047, the initial financial picture suggests a modest return on investment. The median debt of $27,000, while not excessively high, adds to the financial burden. The reported ROI score of -62 indicates that, on average, graduates are not recouping their investment quickly compared to national benchmarks. The payback period for the median debt, assuming a significant portion of the salary is allocated to repayment, could be around 5-7 years, depending on interest rates and lifestyle. While the college offers a solid liberal arts education and a supportive community, the financial metrics suggest that it is not a clear 'good deal.' It's not necessarily 'overpriced' given the private institution context and the quality of education, but it's certainly not a 'hidden gem' from a purely financial ROI perspective. Students should carefully consider their major's earning potential and be prepared to actively leverage career services for high-paying opportunities or pursue further education to enhance their earning capacity. The value is likely found more in the educational experience and personal development than in a rapid financial return.
Return on Investment
While the degree from Roanoke College is valuable, the high median debt may impact the overall return on investment.
Debt Reality Check
Median student debt at Roanoke 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: 1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $36,840.
Strengths
- Strong academic programs and good job prospects
- High admission rate making it more accessible than some peers
Weaknesses
- High median debt
- Above-average tuition costs
Academic Profile
SAT Average: 1211. ACT Midpoint: 25. Retention Rate: 75.7%.
Roanoke College emphasizes a liberal arts education, aiming to provide students with a broad intellectual foundation alongside specialized knowledge. While specific departmental rankings aren't readily available, departments like Business Administration, Psychology, and Biology are consistently popular among students. The college boasts a student-faculty ratio that, while not explicitly provided, is generally low at private liberal arts institutions of this size, suggesting ample opportunity for personalized attention from professors. Faculty are typically engaged in teaching and mentoring, with opportunities for undergraduate research being a key component of the academic experience. Students can often get involved in faculty-led research projects, presenting findings at conferences or even co-authoring publications. The Honors Program offers a more rigorous academic path for high-achieving students, with smaller class sizes and interdisciplinary seminars. Roanoke College also has a strong commitment to study abroad, with numerous programs available worldwide, allowing students to gain global perspectives. Academic support is robust, including tutoring services, writing centers, and academic advising designed to help students navigate their coursework and career aspirations. The emphasis is on developing critical thinking, communication skills, and a lifelong love of learning, preparing graduates for a variety of postgraduate paths.
Financial Aid Guide for Roanoke College
Pell Grant recipients: 24.4%. Students taking federal loans: 80.3%.
Roanoke College offers a comprehensive financial aid program designed to make its private education accessible. A significant portion of aid is merit-based, awarded automatically upon admission based on academic achievement, such as GPA and standardized test scores (though these are not currently required for admission). Need-based aid, determined by the FAFSA and CSS Profile, is also a crucial component, helping to bridge the gap between the cost of attendance and a family's ability to pay. For families with an annual income below $75,000, Roanoke aims to meet 100% of demonstrated need through a combination of grants, scholarships, and federal loans. Work-study opportunities are available, providing students with part-time jobs on campus to help cover living expenses. Typical aid packages can vary widely, but for students with strong academic profiles and demonstrated financial need, it's not uncommon to see awards ranging from $20,000 to $35,000+ annually, significantly reducing the net cost of tuition. Scholarship opportunities extend beyond initial admission, with various departmental and endowed scholarships available for continuing students who maintain strong academic standing. While Roanoke College is generally receptive to aid negotiation, particularly if a student has received a more competitive offer from a similarly ranked institution or if there has been a significant change in family financial circumstances, it's essential to present a well-documented case. The admissions and financial aid offices are generally transparent about their processes and encourage prospective students to reach out with specific questions.
Hidden Costs at Roanoke College
- Room and board costs can add an estimated $13,000 to $15,000 per academic year, depending on the chosen meal plan and housing assignment.
- Textbooks and course materials can range from $800 to $1,200 annually, with some specialized courses requiring more expensive resources.
- Student activity fees, often around $200-$300 per semester, contribute to campus events, clubs, and organizations.
- Transportation costs, especially for students who travel home frequently or explore the surrounding region, can add $500 to $1,500 or more per year.
- Parking permits for students who bring cars to campus typically cost between $100 and $200 annually.
- Personal expenses, including toiletries, laundry, entertainment, and snacks, can easily amount to $1,000 to $2,000 per academic year.
- Health insurance, if a student is not covered by a parent's plan, can add approximately $2,000 to $3,000 annually.
Alumni Outcomes & Career Paths
Roanoke College graduates enter a diverse job market, with many finding opportunities in the Mid-Atlantic region. While specific major employer recruitment data is not publicly detailed, common industries for liberal arts graduates like those from Roanoke College include education, healthcare, finance, marketing, and non-profit sectors. Alumni often find roles in regional healthcare systems such as Carilion Clinic, educational institutions, and financial services firms. For instance, graduates might pursue careers as teachers in Virginia public schools, nurses at local hospitals, or analysts in Richmond-based financial companies. The college emphasizes career development through its Center for Experiential Learning, which facilitates internships. These internships often serve as direct pipelines to full-time employment. While specific internship partners aren't always listed, common placements for liberal arts students include roles in marketing agencies, government offices in nearby Richmond, and non-profits. Graduate school placement is a significant outcome for Roanoke alumni, with many pursuing advanced degrees in fields like law, medicine, and specialized master's programs. The college reports strong placement rates for students entering medical and law schools. Notable alumni include figures like former Virginia Governor L. Douglas Wilder and Pulitzer Prize-winning author Annie Dillard, indicating a strong foundation for impactful careers. Geographic hiring patterns show a strong concentration in Virginia, particularly in the Roanoke, Richmond, and Northern Virginia areas, but also extend to other East Coast states like North Carolina and Maryland.
Campus Life & Culture at Roanoke College
Roanoke College attracts a student body that is largely from Virginia and surrounding Mid-Atlantic states, though it draws students from across the country. The campus culture tends to favor engaged, community-oriented students who are eager to participate in campus life and explore their academic interests within a liberal arts framework. Students who thrive here are often those who appreciate a close-knit environment where faculty and peers are accessible and supportive.
Roanoke College, nestled in Salem, Virginia, offers a close-knit campus community with a distinct Southern charm. The student body of around 1,700 fosters an environment where it’s easy to get involved and make connections. The heart of campus life often revolves around the quad and the Commons, a central hub for dining and student activities. Housing is guaranteed for the first two years, with a mix of traditional residence halls and apartment-style living options available. Many upperclassmen choose to live off-campus in the surrounding Salem neighborhoods, which are easily accessible and offer a more independent living experience. The dining hall, known for its variety and themed nights, is a popular gathering spot. Student organizations are plentiful, covering a wide range of interests from academic clubs and cultural groups to service organizations like Habitat for Humanity. Greek life is present and active, with several fraternities and sororities contributing to the social scene through events and philanthropy. Athletics are a significant part of the Roanoke experience, with the Maroons competing in the Old Dominion Athletic Conference (ODAC). Intramural sports are also popular, providing a more casual way to stay active and connect with peers. The overall vibe is one of engaged community, where students are encouraged to explore their interests, support each other, and take advantage of the opportunities available both on and off campus. The college’s location provides easy access to the natural beauty of the Blue Ridge Mountains for outdoor adventures, while the nearby city of Roanoke offers additional cultural and entertainment options.
Campus Highlights
- The historic College Hall, a central landmark on campus.
- The 'Roanoke Review,' a student-run literary magazine showcasing creative talent.
- The strong emphasis on undergraduate research opportunities across various disciplines.
- The proximity to the Blue Ridge Mountains, offering abundant outdoor recreational activities.
- The 'Fip's' tradition, a campus-wide scavenger hunt that fosters community and fun.
- The 'President's Lecture Series,' bringing notable speakers to campus for intellectual engagement.
- The vibrant arts scene, including the Olin Hall Galleries and the university theatre program.
Location & Regional Advantages
Roanoke College's location in Salem, Virginia, offers a blend of small-town charm and proximity to larger economic centers, presenting both advantages and challenges for career opportunities. The immediate Roanoke Valley boasts a growing healthcare sector, anchored by Carilion Clinic, which provides a significant local employment base. The cost of living in Salem and the surrounding Roanoke area is notably lower than in major metropolitan hubs, allowing graduates to stretch their earnings further, especially if they choose to remain in the region. While not directly adjacent to a major industry hub like Silicon Valley or New York City, Roanoke is within a reasonable driving distance (approximately 3-4 hours) of Richmond, Virginia's capital and a growing hub for finance, government, and logistics, and about 5-6 hours from the Washington D.C. metropolitan area, a major center for government, defense, and technology. The quality of life in the Roanoke Valley is characterized by its scenic beauty, with the Blue Ridge Mountains providing ample opportunities for outdoor recreation. The area is generally considered safe with a low crime rate. The weather is temperate, with four distinct seasons. For career opportunities post-graduation, the location necessitates a proactive approach. Graduates seeking roles in highly specialized or rapidly growing tech sectors might need to relocate to larger cities. However, for those interested in healthcare, education, or regional business development, the Roanoke area provides a stable and affordable environment with emerging opportunities.
How to Get Into Roanoke College
Roanoke College, with an admission rate of 83.1%, is considered a moderately selective institution. While not highly competitive, a thoughtful application is still crucial for admission. Roanoke offers Early Decision (ED) and Early Action (EA) options, which can be advantageous. ED is binding, meaning you commit to attending if accepted, and often signals strong interest, potentially providing a slight edge. EA is non-binding and allows you to receive an early decision without commitment. The admissions committee looks for well-rounded students who demonstrate academic potential and a good fit for the college's liberal arts environment. While specific GPA and test score ranges are not published due to test-optional policies, successful applicants typically have strong high school records with a mix of challenging coursework. Essays are a key component; focus on showcasing your personality, intellectual curiosity, and how you might contribute to the Roanoke community. Topics that highlight personal growth, overcoming challenges, or a passion for a particular subject tend to resonate. Demonstrated interest is important; engage with the college through campus visits (virtual or in-person), attending information sessions, and connecting with admissions counselors. The application deadline for Early Action is typically November 15th, and Regular Decision is around February 1st. Aim to submit your application well before these deadlines to ensure all materials are processed.
How Roanoke College Compares to Similar Schools
Similar schools: Hampden-Sydney College, Randolph College, Lynchburg College (University of Lynchburg), Bridgewater College
Advantages
- Strong emphasis on undergraduate research and faculty mentorship
- Close-knit campus community fostering strong alumni connections
- Affordable cost of living in the surrounding Salem/Roanoke area compared to larger cities
- Rich history and tradition providing a distinct campus culture
Disadvantages
- Limited geographic proximity to major metropolitan job markets
- Fewer highly specialized or cutting-edge academic programs compared to larger universities
- Lower national brand recognition which can impact recruitment in highly competitive fields
Best For
- Students seeking a more affordable education may want to consider other options.
- Prospective students should be aware of the relatively high median debt.
Avoid If
- Students who value a personalized academic experience and strong job prospects may want to avoid Roanoke College.
- Students looking for a more affordable option may want to explore other institutions.
Frequently Asked Questions about Roanoke College
How much does it cost to attend Roanoke College?
In-state tuition at Roanoke College is $38,068 per year, and out-of-state tuition is $38,068 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Roanoke College?
Roanoke College has an acceptance rate of 83.1%.
What is the graduation rate at Roanoke College?
Roanoke College has a graduation rate of 66.6%.
How much do Roanoke College graduates earn?
The median earnings for Roanoke College graduates 10 years after enrollment is $58,047. With median debt of $27,000, graduates earn roughly 2.1x their debt level annually.
How big is Roanoke College?
Roanoke College has approximately 1,767 students and is classified as a small institution. It is located in Salem, VA and is a Private Nonprofit institution.
Is Roanoke College worth the cost?
Roanoke College has an ROI score of -62 out of 100. With in-state tuition of $38,068 per year and median post-graduation earnings of $58,047, the data suggests the return on investment may be below average.
Where is Roanoke College located?
Roanoke College is located in Salem, VA. It is a Private Nonprofit institution with approximately 1,767 students.
How much student debt do Roanoke College graduates have?
The median student debt for Roanoke College graduates is $27,000. With median earnings of $58,047 ten years after enrollment, graduates can expect a debt-to-income ratio of 47%.
Is Roanoke College a good college?
Roanoke College has a graduation rate of 66.6% and median post-graduation earnings of $58,047. Graduation rate of 66.64% is above the national average for private colleges.
How does Roanoke College compare to similar colleges?
Median earnings 10 years after graduation are $58,047, indicating a good return on investment. Compared to peer institutions, Roanoke College offers a strong academic experience with good earnings potential but comes with a higher median debt.
What career prospects do Roanoke College graduates have?
Graduates of Roanoke College are well-positioned for careers in various fields, given the college's strong academic programs and good earnings potential.
What should prospective students know about Roanoke College?
Roanoke College is well-placed in the market for students seeking a small, private, and academically rigorous education with good job prospects.
What makes Roanoke College stand out?
The college has a high admission rate of 83.06%, suggesting it may be more accessible than some peer institutions.
What are the pros and cons of attending Roanoke College?
The median debt of $27,000 is relatively high compared to other private colleges.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.