Salve Regina University
Newport, RI 02840-4192 — Private Nonprofit
Value Score: 85/100 | ROI Score: -64 | Affordability Score: 55/100
Tuition (In-State): $50,100 | Out-of-State: $50,100
Acceptance Rate: 68.2% | Graduation Rate: 75.8% | Retention Rate: 82.8%
Median Earnings (10yr): $72,975 | Median Debt: $27,000
SAT Average: 1232
Student Body Size: 2,121 (medium)
Pell Grant Recipients: 15.1% | Federal Loan Rate: 70.2%
Average Faculty Salary: $9,135/month
Tuition & Affordability Analysis
In-state tuition at Salve Regina University is $50,100 per year, which is 27% above the national average for private institutions.
Out-of-state students pay $50,100/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: $200,400 (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 Salve Regina University:
- Families earning $0–$30,000: $26,939/year
- Families earning $30,001–$48,000: $30,844/year
- Families earning $48,001–$75,000: $31,264/year
- Families earning $75,001–$110,000: $34,374/year
- Families earning $110,000+: $39,244/year
Low-income families receive an average discount of $23,161/year, paying just 54% of the sticker price.
Admissions Snapshot
Salve Regina University has an acceptance rate of 68.2%, placing it in the Moderately Selective (50–70%) category. This means roughly 778 students apply each year.
The average SAT score of admitted students is 1232, 16% above the national average. This reflects a strong academic student body.
Graduate Outcomes & Return on Investment
75.8% of students at Salve Regina University complete their degree, 22% above the national average. This is a solid graduation rate.
First-year retention rate: 82.8% (near the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Salve Regina University earn a median salary of $72,975 ten years after enrollment, 78% above the national average. This represents a $37,975/year earnings premium over the average high school diploma holder, or $1,139,250 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: 0.37x. 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 Salve Regina University pays for itself in approximately 6 years. This is a reasonable investment timeline.
Financial Aid Profile
15.1% of students at Salve Regina University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 54% 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.
70.2% of students take federal loans, 49% 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: $9,135/month, 5% above the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Salve Regina University enrolls 2,121 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 74%, Hispanic 11%, Black 2%, Asian 2%.
Salve Regina University: Medium-Sized Private Nonprofit with Strong Graduation and Earnings Rates
- Salve Regina: Is Newport's Charm Worth the Price Tag?
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- Experience Newport, Build Your Future: The Salve Regina Difference
Report Card: Overall Grade C-
Salve Regina University receives an overall grade of C- based on six dimensions:
- Academics: C+
- Value: F
- Outcomes: B+
- Affordability: C-
College Analysis
Salve Regina University is a Private Nonprofit institution in Newport, RI with approximately 2,121 students. Academics: Salve Regina University has a strong graduation rate of 75.81%. Value: The university offers a relatively low tuition of $50,100 for both in-state and out-of-state students. Outcomes: Graduates earn a median salary of $72,975 ten years after graduation, which is above the national average.
The Verdict: Is Salve Regina University Worth It?
Based on the financial data, Salve Regina University, despite its beautiful setting and strong community, presents a challenging financial proposition for the average student. With an annual tuition of $50,100 and a median debt of $27,000, the institution's ROI Score of -64 indicates that, on average, graduates may struggle to see a significant financial return on their investment over the long term. The median earnings 10 years after graduation are $72,975. While this salary is respectable, the high upfront cost means that a substantial portion of early career earnings will likely go towards debt repayment. To put it in perspective, a graduate with $27,000 in debt, even with a conservative interest rate, would likely spend several years dedicating a significant portion of their income to loan payments. Considering the high cost of living in desirable areas like Newport or Boston where many graduates seek employment, this financial burden can be substantial. Therefore, Salve Regina University is **overpriced** for the average student seeking a strong financial ROI. While it offers a unique experience and a quality education, prospective students must weigh these intangible benefits against the considerable financial outlay. A clear recommendation is to pursue this institution only if substantial financial aid is secured, or if the student's chosen major has a significantly higher earning potential than the median, making the investment more justifiable.
Return on Investment
While the degree is worth the cost given the strong earnings potential, the high tuition and debt levels may be a concern for some students.
Debt Reality Check
Median student debt at Salve Regina University: $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 graduation and earnings rates
- Diverse student body
- Low tuition for private university
Weaknesses
- Higher median debt compared to some peers
- Lower affordability score
- Higher cost than some public institutions
Academic Profile
SAT Average: 1232. Retention Rate: 82.8%.
Salve Regina University offers a robust liberal arts education grounded in the Mercy tradition, emphasizing service and social justice. While all programs benefit from small class sizes and personalized attention, several departments stand out as particular strengths. The Nursing program is highly competitive and well-regarded, leveraging state-of-the-art simulation labs and clinical placements in top New England hospitals. Graduates are consistently sought after in the healthcare field. Another signature program is Cultural and Historic Preservation, which uniquely benefits from Salve's location amidst Newport's unparalleled architectural heritage. Students in this program gain hands-on experience working with historic sites and organizations, often directly on campus or in the surrounding community. The Business Administration program, with specializations in areas like marketing, finance, and sports management, is also popular, preparing students for diverse careers. For those interested in the marine environment, the Biology program offers a strong focus on marine biology, taking advantage of the university's coastal location for fieldwork and research. Undergraduate research is strongly encouraged across disciplines, with many students collaborating directly with faculty on projects, presenting at conferences, and publishing their work. The Honors Program provides an enriched curriculum and unique opportunities for high-achieving students. Salve also offers a variety of study abroad programs, with popular destinations including Ireland, Italy, and Spain, allowing students to immerse themselves in different cultures while earning credits. Academic support is comprehensive, including a writing center, peer tutoring, and dedicated academic advisors who guide students from orientation through graduation.
Financial Aid Guide for Salve Regina University
Pell Grant recipients: 15.1%. Students taking federal loans: 70.2%.
Navigating financial aid at Salve Regina University, with its $50,100 tuition, requires a strategic approach. As a private institution, Salve is known for offering significant institutional aid, primarily in the form of merit scholarships. These are awarded based on academic achievement, typically considering GPA, rigor of high school curriculum, and sometimes extracurricular involvement. While specific SAT/ACT scores are not available, strong academic profiles (e.g., a B+ average or higher) can often qualify students for merit awards ranging from $10,000 to $25,000 per year, sometimes even more for exceptional candidates. To be considered for need-based aid, families must complete the FAFSA and, for some institutional grants, potentially the CSS Profile. Salve participates in federal programs like the Pell Grant and Federal Work-Study, which can significantly reduce out-of-pocket costs for eligible students. A typical aid package for a student from a family with an income around $75,000 might include a combination of a merit scholarship (e.g., $15,000), a federal Pell Grant (up to $7,395), a Salve institutional grant (e.g., $5,000), and federal student loans (e.g., $5,500), bringing the net cost down considerably from the sticker price. For families with higher incomes, say $150,000, aid might be primarily merit-based, with perhaps a smaller institutional grant and federal loans. Scholarship tips include applying early, ensuring your FAFSA/CSS Profile are submitted accurately and on time, and highlighting any unique talents or achievements in your application. While not guaranteed, negotiating aid is sometimes realistic, especially if you have received a more generous offer from a comparable institution. It's worth a polite inquiry to the financial aid office, providing documentation of other offers.
Hidden Costs at Salve Regina University
- Beyond the standard room and board, students should budget an additional $500-$1,000 annually for upgraded meal plans or frequent off-campus dining in Newport's many restaurants.
- Textbooks and course materials can easily add $1,200-$1,500 per year, depending on your major and whether you buy new or used.
- Mandatory university fees, including technology, activity, and health service fees, typically total around $1,000-$1,500 annually, separate from tuition.
- Personal expenses, such as toiletries, entertainment, and social activities in Newport, can range from $1,500-$2,500 per year.
- While many students don't have cars, parking permits for on-campus parking can cost around $300-$500 per year, and public transportation options are limited.
- Health insurance is mandatory; if you're not covered by a family plan, the university's student health insurance plan can cost approximately $2,500-$3,500 annually.
- Travel costs for breaks and holidays, especially for out-of-state students, can add $500-$1,500 or more per year depending on distance and frequency.
Alumni Outcomes & Career Paths
Salve Regina University graduates are well-positioned within the New England job market, particularly in sectors that align with the university's strong liberal arts foundation and professional programs. A significant cluster of alumni finds employment in healthcare, education, and business services. Major employers actively recruiting from Salve Regina include regional healthcare giants like Lifespan (Rhode Island Hospital, Miriam Hospital) and Care New England (Butler Hospital, Women & Infants Hospital), as well as national pharmacy retail leader CVS Health, headquartered nearby. In education, graduates are frequently found in public and private school systems across Rhode Island and Massachusetts, including Newport Public Schools, Portsmouth School Department, and various independent schools. The financial services sector also attracts Salve alumni, with companies like Fidelity Investments and Citizens Bank being common destinations.
Career Services at Salve Regina is noted for its personalized approach, offering resume workshops, interview coaching, and networking events. They facilitate robust internship pipelines, especially within the Newport community, leveraging the city's unique blend of tourism, historic preservation, and naval presence. Students gain experience at organizations such as the Newport Mansions (Preservation Society of Newport County), Naval Station Newport, and numerous local businesses and non-profits. This regional focus means a strong geographic hiring pattern within Rhode Island and Eastern Massachusetts, though a notable percentage of graduates also venture to major metropolitan areas like Boston and New York City.
While specific graduate school placement rates vary by program, Salve Regina maintains a respectable track record, with alumni pursuing advanced degrees at institutions such as the University of Rhode Island, Boston College, Providence College, and even Salve Regina's own graduate programs in fields like holistic counseling, nursing, and cultural and historic preservation. Notable alumni often emerge from these strong regional networks, making significant contributions in their fields, particularly in healthcare, education, and public service within New England.
Campus Life & Culture at Salve Regina University
Salve Regina's student body of 2,121 students is predominantly from New England and the Mid-Atlantic states, with a growing representation from across the U.S. and internationally. While not as diverse as larger public universities, the university is committed to fostering an inclusive environment. The ideal Salve student is often someone who values a strong sense of community, appreciates a beautiful and historic setting, is drawn to hands-on learning experiences, and resonates with the university's mission of service and social justice.
Life at Salve Regina University is deeply intertwined with its stunning Newport, Rhode Island setting. The campus itself is a collection of Gilded Age mansions overlooking the Atlantic Ocean, creating an undeniably picturesque and unique environment. Students often describe the 'vibe' as close-knit, community-focused, and a bit more refined than a typical party school, though there's certainly no shortage of social opportunities. Most freshmen and sophomores live on campus, often in beautifully converted historic mansions like McAuley Hall or in more modern residence halls. This fosters a strong sense of community, especially in the early years. Dining options include the main dining hall, Miley Hall, offering standard college fare, alongside grab-and-go options and a campus coffee shop. However, Newport itself is a culinary destination, and students frequently venture off-campus to explore local cafes and restaurants, especially with friends or visiting family. The social scene balances on-campus events – from concerts and movie nights to themed dances and student organization gatherings – with the incredible resources of Newport. Students enjoy the beaches, the Cliff Walk (which borders campus), exploring the historic downtown, and taking advantage of seasonal festivals. While Greek life exists, it's not the dominant social force; student organizations, intramural sports, and campus-wide traditions like the annual Christmas at Salve celebration (where the mansions are decorated) tend to be more central. Salve is an NCAA Division III school, and athletics, particularly soccer, basketball, and lacrosse, draw a good crowd and foster school spirit. The overall atmosphere is one of academic focus blended with appreciation for the natural beauty and historic charm of the surroundings, making it ideal for students who value a strong sense of place and community.
Campus Highlights
- The breathtaking oceanfront campus, featuring historic Gilded Age mansions that serve as academic buildings and residence halls, including the iconic Ochre Court.
- Direct access to the scenic Cliff Walk, offering stunning views of the Atlantic Ocean and Newport's famous mansions.
- A strong sense of community and personalized attention due to small class sizes and a dedicated faculty.
- Highly regarded programs in Nursing and Cultural and Historic Preservation, leveraging the unique resources of Newport.
- A commitment to the Mercy mission, fostering a culture of service, social justice, and global responsibility.
- Vibrant campus traditions, such as the annual Christmas at Salve celebration, that enhance the student experience.
- The unique blend of a close-knit campus environment with the cultural, historical, and recreational opportunities of Newport, RI.
Location & Regional Advantages
Salve Regina University's location in historic Newport, Rhode Island, offers a unique blend of advantages and considerations for career outcomes. Newport itself is a vibrant, picturesque coastal city renowned for its tourism, maritime industry, and rich history. This creates a local job market strong in hospitality, event management, historic preservation, and marine sciences. Students often find internships and part-time jobs at the Newport Mansions, local hotels, restaurants, and sailing organizations, providing valuable real-world experience.
However, Newport's local job market, while charming, is relatively small and specialized. For broader career opportunities, graduates often look to nearby urban centers. Providence, RI, just a 45-minute drive away, offers a more diverse job market in healthcare (Lifespan, Care New England), finance, and education. Boston, MA, about 1.5 hours north, is a major hub for biotech, tech, finance, and healthcare, providing extensive post-graduation prospects. This proximity to larger industry hubs significantly expands the career landscape for Salve Regina graduates.
Quality of life in Newport is exceptionally high, with beautiful beaches, a lively downtown, and a strong sense of community. The weather features distinct New England seasons, from warm summers to snowy winters. Safety is generally excellent. The main drawback is the high cost of living in Newport, which can be a significant factor for recent graduates. While the location offers unparalleled beauty and a unique student experience, students must be prepared to commute or relocate to larger cities for the most robust entry-level career opportunities, especially outside of Newport's niche industries. The university's strong regional network helps bridge this gap, connecting students to opportunities across Southern New England.
How to Get Into Salve Regina University
Given Salve Regina's 68.2% admission rate, it's a moderately selective institution that practices holistic review. While strong academics are crucial, the admissions office genuinely values demonstrated interest and a well-rounded profile. Applying Early Action (EA) is highly recommended, as it signals your strong interest and can provide an admissions decision earlier, often by mid-December. Early Decision (ED) is also an option for students who are certain Salve is their top choice and offers the highest advantage in the admissions process. For academic qualifications, admitted students typically have a B+ to A- average in a challenging high school curriculum. While Salve is test-optional, submitting strong SAT or ACT scores (if you have them) can bolster your application, especially if your GPA is on the lower end of the admitted student profile. The essay is a critical component; use it to showcase your personality, your connection to Salve's mission (especially its Mercy values), or why a specific program or the Newport location appeals to you. Avoid generic essays. Demonstrated interest is key: visit campus if possible, attend virtual information sessions, connect with an admissions counselor, and engage with Salve's social media. These actions show you're serious about attending. Strong letters of recommendation from teachers who know you well and can speak to your character and academic potential are also important. Aim to submit your application well before the regular decision deadline, ideally by November 1st for Early Action, to ensure ample time for review and consideration for merit scholarships.
How Salve Regina University Compares to Similar Schools
Similar schools: Roger Williams University, Stonehill College, Providence College, Fairfield University
Advantages
- Unparalleled historic coastal location in Newport, offering unique experiential learning opportunities in tourism, historic preservation, and marine studies.
- Strong sense of community and personalized attention due to its smaller size and liberal arts focus.
- Distinctive mission rooted in the Catholic intellectual tradition, emphasizing social justice and service.
- Robust regional alumni network, particularly in healthcare and education across Southern New England.
Disadvantages
- Significantly higher tuition cost compared to some regional peers, leading to a challenging financial ROI for many.
- More limited academic program diversity and research opportunities compared to larger universities.
- Smaller local job market in Newport itself, requiring graduates to often seek opportunities in Providence or Boston.
Best For
- Prospective students interested in a more diverse student body may want to consider other options.
- Students seeking the lowest possible tuition may find more affordable alternatives.
- Those looking for a larger university with more extensive resources might prefer larger private institutions.
Avoid If
- Students who are looking for a more affordable option may want to consider other institutions.
- Those seeking a higher graduation rate than 75.81% might explore other universities.
Frequently Asked Questions about Salve Regina University
How much does it cost to attend Salve Regina University?
In-state tuition at Salve Regina University is $50,100 per year, and out-of-state tuition is $50,100 per year. The median student debt at graduation is $27,000.
What is the acceptance rate at Salve Regina University?
Salve Regina University has an acceptance rate of 68.2%.
What is the graduation rate at Salve Regina University?
Salve Regina University has a graduation rate of 75.8%.
How much do Salve Regina University graduates earn?
The median earnings for Salve Regina University graduates 10 years after enrollment is $72,975. With median debt of $27,000, graduates earn roughly 2.7x their debt level annually.
How big is Salve Regina University?
Salve Regina University has approximately 2,121 students and is classified as a medium institution. It is located in Newport, RI and is a Private Nonprofit institution.
Is Salve Regina University worth the cost?
Salve Regina University has an ROI score of -64 out of 100. With in-state tuition of $50,100 per year and median post-graduation earnings of $72,975, the data suggests the return on investment may be below average.
Where is Salve Regina University located?
Salve Regina University is located in Newport, RI. It is a Private Nonprofit institution with approximately 2,121 students.
How much student debt do Salve Regina University graduates have?
The median student debt for Salve Regina University graduates is $27,000. With median earnings of $72,975 ten years after enrollment, graduates can expect a debt-to-income ratio of 37%.
Is Salve Regina University a good college?
Salve Regina University has a graduation rate of 75.8% and median post-graduation earnings of $72,975. Graduation rate is above the national average for private universities.
How does Salve Regina University compare to similar colleges?
Low tuition compared to other private universities in the region. Compared to peer institutions, Salve Regina University offers a strong academic and career outcome profile, but at a higher cost than some of its competitors.
What career prospects do Salve Regina University graduates have?
Graduates of Salve Regina University are well-positioned for careers in various fields, with a strong earning potential.
What should prospective students know about Salve Regina University?
Salve Regina University is well-placed in the market for private, medium-sized institutions, offering a balance of academic rigor and career readiness.
What makes Salve Regina University stand out?
High median earnings for graduates, indicating good career prospects.
What are the pros and cons of attending Salve Regina University?
Diverse student body with a significant proportion of white students.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.