Spalding University
Louisville, KY 40203-2188 — Private Nonprofit
Value Score: 55/100 | ROI Score: -58 | Affordability Score: 55/100
Tuition (In-State): $29,200 | Out-of-State: $29,200
Acceptance Rate: 99.5% | Graduation Rate: 54.4% | Retention Rate: 64.0%
Median Earnings (10yr): $49,438 | Median Debt: $25,250
SAT Average: 977 | ACT Midpoint: 20
Student Body Size: 583 (small)
Pell Grant Recipients: 35.8% | Federal Loan Rate: 59.0%
Average Faculty Salary: $8,066/month
Tuition & Affordability Analysis
In-state tuition at Spalding University is $29,200 per year, which is 26% below the national average for private institutions.
Out-of-state students pay $29,200/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: $116,800 (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 Spalding University:
- Families earning $0–$30,000: $20,509/year
- Families earning $30,001–$48,000: $22,475/year
- Families earning $48,001–$75,000: $24,378/year
- Families earning $75,001–$110,000: $28,122/year
- Families earning $110,000+: $29,278/year
Low-income families receive an average discount of $8,691/year, paying just 70% of the sticker price.
Admissions Snapshot
Spalding University has an acceptance rate of 99.5%, placing it in the Open Admission (85%+) category. This means roughly 147 students apply each year.
Spalding University 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 977, 8% below the national average. Test scores are one factor among many in the admissions process.
The ACT midpoint is 20, 5% below the national average.
Graduate Outcomes & Return on Investment
54.4% of students at Spalding University complete their degree, 12% below the national average. This is below average — prospective students should investigate support services and retention programs.
First-year retention rate: 64.0% (21% below the national average). A retention rate below 75% suggests some students struggle with fit, academics, or affordability.
Graduates of Spalding University earn a median salary of $49,438 ten years after enrollment, 21% above the national average. This represents a $14,438/year earnings premium over the average high school diploma holder, or $433,140 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $25,250, 17% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $274/month, with a total repayment of $32,880 (including $7,630 in interest).
Debt-to-Earnings Ratio: 0.51x. This is a healthy ratio, suggesting debt is manageable for most graduates.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Spalding University pays for itself in approximately 9 years. This is a reasonable investment timeline.
Financial Aid Profile
35.8% of students at Spalding University receive Pell Grants (federal need-based aid for families earning under ~$60,000), 9% above the national average. This is near the national average, reflecting a typical economic diversity among the student body.
59.0% of students take federal loans, 26% above the national average. This is a moderate borrowing rate.
Average faculty salary: $8,066/month, 8% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Spalding University enrolls 583 undergraduate students. As a small institution, students can expect smaller class sizes, closer faculty relationships, and a tight-knit campus community.
Diversity Index: 57/100 (higher = more diverse). The campus has moderate diversity.
Student body composition: White 60%, Hispanic 8%, Black 24%, Asian 1%.
Spalding University: A Small Private Institution with High Accessibility and Moderate Value
- Spalding University: A Compassionate Path to Healthcare Careers, But Weigh the Investment
- Beyond the Classroom: Exploring Spalding University's Graduate Outcomes in Louisville
- Is Spalding University the Right Fit? Understanding Your ROI and Career Trajectory
Report Card: Overall Grade D+
Spalding University receives an overall grade of D+ based on six dimensions:
- Academics: D
- Value: F
- Outcomes: C+
- Affordability: B+
College Analysis
Spalding University is a Private Nonprofit institution in Louisville, KY with approximately 583 students. Academics: Spalding University offers a strong focus on liberal arts and professional programs, with a high admission rate indicating accessibility. Value: The university has a moderate affordability score, but graduates face a relatively high median debt and lower-than-average earnings, suggesting a need for careful financial planning. Outcomes: Graduates have a 54.36% graduation rate and a median earnings of $49,438 after 10 years, which is below the national average.
The Verdict: Is Spalding University Worth It?
Spalding University presents a challenging value proposition, primarily due to its relatively high tuition and a median 10-year earning potential that falls below the national average for college graduates. With an in-state and out-of-state tuition of $29,200 and median 10-year earnings of $49,438, the earnings are only slightly higher than the annual tuition cost. The median student debt of $25,250, when combined with the tuition, suggests a significant financial commitment. A rough calculation indicates that it would take approximately 5-6 years of post-graduation earnings, after accounting for living expenses and loan interest, to recoup the initial tuition cost alone, let alone the debt. The negative ROI score of -58 further underscores this concern, suggesting that, on average, graduates do not see a strong financial return on their investment in the short to medium term. While Spalding offers valuable professional training, particularly in healthcare and education, the financial outcomes suggest it may be overpriced for the average graduate. It could be a 'hidden gem' for students who are highly motivated and secure high-paying positions immediately upon graduation or pursue advanced degrees that significantly boost earning potential, but for many, it appears to be a financially questionable investment.
Return on Investment
Given the high tuition and relatively high debt and low earnings, the return on investment for a degree from Spalding University is not strong, making it a less financially rewarding option compared to some peer institutions.
Debt Reality Check
Median student debt at Spalding University: $25,250. Monthly payment on a standard 10-year plan: $287/month. Total repaid: $34,440 ($9,190 in interest).
Breakeven vs high school diploma: 1.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $34,440.
Strengths
- Strong focus on liberal arts and professional programs
- High admission rate
- Moderate tuition rates
Weaknesses
- Below-average graduation rate
- High median debt among graduates
- Below-average median earnings after 10 years
Academic Profile
SAT Average: 977. ACT Midpoint: 20. Retention Rate: 64.0%.
Spalding University's academic environment is defined by its commitment to personalized education, particularly evident in its strong professional programs. The university is well-regarded for its health sciences, with standout departments in Nursing, Occupational Therapy, and Physical Therapy, preparing students for in-demand careers. The School of Education is also a significant strength, offering programs that emphasize practical application and community engagement. Business and the liberal arts also form core pillars of the academic offerings, with faculty dedicated to fostering critical thinking and a broad understanding of the world.
Given the smaller student population (583 students), the student-faculty ratio is likely quite favorable, allowing for significant individual attention from professors. While specific faculty salary data isn't provided, the private, nonprofit nature of Spalding suggests a commitment to attracting and retaining qualified faculty who are often engaged in both teaching and scholarly pursuits. Research opportunities for undergraduates may be more project-based and faculty-mentored rather than large-scale, independent labs, aligning with the university's focus on applied learning.
Spalding offers an Honors Program designed to challenge high-achieving students with enriched coursework and opportunities for leadership. Study abroad programs, though perhaps not as extensive as at larger institutions, are available and encourage students to broaden their global perspectives. Academic support is a cornerstone, with resources like tutoring services, writing centers, and academic advising readily accessible to help students navigate their coursework and achieve their academic goals. The emphasis is on providing a supportive framework that ensures students can succeed in their chosen fields.
Financial Aid Guide for Spalding University
Pell Grant recipients: 35.8%. Students taking federal loans: 59.0%.
Navigating financial aid at Spalding University involves understanding both merit-based and need-based opportunities. As a private institution, Spalding offers a range of scholarships designed to attract students with strong academic profiles. These merit scholarships can significantly reduce the sticker price of tuition ($29,200). It's crucial for prospective students to research and apply for these early, as they are often awarded on a rolling basis or have specific deadlines.
Need-based aid is also a significant component. Spalding utilizes federal and state aid programs, in addition to its own institutional grants. Completing the FAFSA (Free Application for Federal Student Aid) is the essential first step to determine eligibility for Pell Grants, federal loans, and state-specific aid. While the Pell Grant Rate is not specified, it's a common source of aid for students from lower-income backgrounds. The Federal Loan Rate also indicates the proportion of students utilizing federal borrowing options.
Work-study programs are typically available, offering students the chance to earn money through part-time campus jobs. This can be a valuable way to offset living expenses and gain work experience. Typical aid packages will vary widely based on individual financial circumstances, academic merit, and the specific programs a student is enrolled in. For families with incomes below $50,000, it's reasonable to expect a combination of grants, scholarships, and potentially federal loans to cover a substantial portion of the costs. For those with higher incomes, merit scholarships become even more critical.
Scholarship tips include highlighting extracurricular achievements, leadership roles, and strong essays in applications. For those seeking to negotiate their aid package, it's generally more realistic at institutions with a strong emphasis on merit aid or if there's a significant change in financial circumstances. Spalding's smaller size might allow for more personalized conversations with the financial aid office, but it's important to present a well-documented case.
Hidden Costs at Spalding University
- Room and board costs can range from $10,000 to $14,000 annually, depending on the chosen housing 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 campus fees can total around $500 to $800 per year.
- Transportation costs, including local travel, gas, and potential parking permits (if applicable), could be $500 to $1,500 annually.
- Personal expenses such as toiletries, laundry, entertainment, and snacks might range from $1,500 to $3,000 per year.
- Health insurance, if not covered by a parent's plan, can add $2,000 to $4,000 annually.
Alumni Outcomes & Career Paths
Spalding University, a private institution in Louisville, KY, positions its graduates for careers primarily within the regional healthcare and education sectors, reflecting its program strengths. While specific major employer recruitment data is not publicly detailed, institutions like Norton Healthcare, Baptist Health Louisville, and Humana are significant healthcare providers in the area that likely employ a substantial number of Spalding alumni, particularly those from nursing and health sciences programs. In education, local school districts such as Jefferson County Public Schools (JCPS) are probable employers for graduates of Spalding's education programs. The university's focus on professional programs means that many alumni cluster in fields like nursing, physical therapy, physician assistant studies, and education. Graduate school placement rates are not explicitly published, but given the professional nature of many programs, a portion of graduates likely pursue advanced degrees. Notable alumni are not widely publicized, but the university emphasizes its role in preparing community leaders and professionals. Career services at Spalding are designed to support students through resume building, interview preparation, and connecting with local employers. Internship pipelines are crucial for Spalding, with many programs requiring or strongly encouraging clinical rotations and practical experiences within Louisville-area healthcare facilities and schools. Geographic hiring patterns show a strong tendency for graduates to remain in the Louisville metropolitan area and the broader Kentucky region, leveraging their local connections and the established presence of healthcare and educational institutions. Some alumni may also find opportunities in surrounding states like Indiana, particularly in areas bordering Louisville.
Campus Life & Culture at Spalding University
Spalding University attracts a diverse student body, with a significant portion of students coming from Kentucky and surrounding states, though out-of-state students are also welcomed. The university fosters an inclusive environment where students from various backgrounds and experiences can thrive, particularly those who value a close-knit community and a mission-driven education focused on service and personal growth.
Spalding University, nestled in the heart of Louisville, Kentucky, offers a distinctively intimate and community-focused campus experience. With a student body of just over 500, the vibe is less about sprawling student unions and more about genuine connection. The campus itself is a blend of historic architecture and modern facilities, situated within the vibrant Phoenix Hill neighborhood, putting students within easy reach of downtown Louisville's cultural attractions, restaurants, and entertainment.
Student life is characterized by a strong sense of belonging, fostered by smaller class sizes and a faculty that is highly accessible. While Spalding doesn't have a traditional Greek life system, student organizations play a crucial role in campus social life. These range from academic clubs tied to specific majors like nursing or education, to interest-based groups and student government. The Student Activities Board is active in organizing events, from movie nights and campus-wide competitions to excursions into the city.
Residential life is primarily housed in on-campus dormitories, offering a convenient and immersive experience for those who choose to live on campus. These halls are designed to foster community, with common areas and planned activities. Dining services are integrated into campus life, providing convenient options for students.
Athletics, while not a primary focus for a school of this size, are represented by the Spalding Eagles, competing in NCAA Division III. This provides opportunities for student-athletes to balance their academic pursuits with their passion for sports. The overall atmosphere at Spalding is one of collaboration and mutual support, where students are encouraged to engage deeply with their studies and with each other, creating a close-knit community that feels more like a family than a large university.
Campus Highlights
- Located in the heart of Louisville, offering easy access to urban amenities and internships.
- Strong emphasis on health sciences, with highly regarded programs in Nursing, OT, and PT.
- Rooted in Catholic Franciscan tradition, fostering a mission-driven and service-oriented community.
- Intimate campus size promoting close relationships with faculty and peers.
- Commitment to diversity and inclusion, creating a welcoming environment for all students.
- The 'Spalding Experience' focuses on holistic development, integrating academic, spiritual, and personal growth.
Location & Regional Advantages
Spalding University's location in Louisville, KY, offers a mixed bag of geographic advantages for its students. Louisville boasts a robust healthcare sector, serving as a hub for major hospital systems like Norton Healthcare and Baptist Health, which provides a direct advantage for Spalding's strong health sciences programs. The city also has a growing presence in advanced manufacturing and logistics, with companies like UPS (Worldport) and GE Appliances having significant operations, potentially offering opportunities for graduates in related fields. The cost of living in Louisville is generally below the national average, making it more affordable for recent graduates to manage their expenses and student loan debt compared to larger, more expensive metropolitan areas. Proximity to other industry hubs is somewhat limited; while Cincinnati, OH, is about an hour and a half away, it's not a primary draw for most Spalding graduates. The quality of life in Louisville is characterized by a vibrant arts scene, a growing culinary landscape, and access to outdoor recreation along the Ohio River. Safety can be a concern in certain urban areas, as with any city, but the university is situated in a relatively central part of Louisville. The primary career opportunity advantage stemming from the location is the strong local demand for healthcare professionals, which aligns well with Spalding's core academic offerings. However, the limited diversity of major industry hubs nearby might constrain opportunities for graduates seeking careers in highly specialized or rapidly evolving sectors like technology or finance, pushing them to relocate for such roles.
How to Get Into Spalding University
Spalding University's high admission rate (99.5%) indicates a welcoming and accessible admissions process, suggesting that the primary focus is on finding students who are a good fit for the university's mission and community rather than strict academic selectivity. This means that while strong academic performance is valued, the admissions committee likely looks for a broader range of qualities.
For prospective students, demonstrating a genuine interest in Spalding's specific programs, particularly in areas like health sciences or education, will be beneficial. Since there isn't a competitive test score range (SAT/ACT averages are not provided), your high school GPA and the rigor of your coursework will be key indicators of academic preparedness. Highlighting any leadership roles, volunteer work, or experiences that align with Spalding's Catholic Franciscan values (service, compassion, justice) in your application essay or personal statement can make a strong impression.
Given the open admissions policy, there's likely no significant advantage to Early Decision (ED) or Early Action (EA) in terms of selectivity, but applying early ensures you are considered for scholarships and allows ample time for financial aid processing. The admissions timeline should focus on meeting scholarship deadlines, which are often earlier than the general application deadline. Crafting an essay that reflects your personal growth, your commitment to service, or your specific career aspirations within a field Spalding excels in will resonate well. The university aims to build a diverse and engaged community, so showcasing your unique contributions and how you plan to be an active participant on campus is crucial.
How Spalding University Compares to Similar Schools
Similar schools: Bellarmine University, University of Louisville, Hanover College, Centre College
Advantages
- Strong focus on specific professional programs like nursing and education, potentially offering specialized pipelines.
- Smaller class sizes and a more intimate learning environment compared to larger public universities.
- Location within Louisville provides direct access to a significant regional healthcare job market.
Disadvantages
- Higher tuition cost compared to the public University of Louisville.
- Lower overall national recognition and potentially weaker alumni network breadth compared to more established private liberal arts colleges.
- Lower graduation rate suggests potential challenges with student retention or program completion.
Best For
- Prospective students interested in high earning potential and low debt should consider other institutions.
- Students seeking a strong liberal arts education and accessibility may find Spalding University to be a good fit.
Avoid If
- Students looking for a high return on investment or high earning potential after graduation should avoid Spalding University.
- Prospective students with a focus on accessibility and a strong liberal arts education may want to explore Spalding University.
Frequently Asked Questions about Spalding University
How much does it cost to attend Spalding University?
In-state tuition at Spalding University is $29,200 per year, and out-of-state tuition is $29,200 per year. The median student debt at graduation is $25,250.
What is the acceptance rate at Spalding University?
Spalding University has an acceptance rate of 99.5%.
What is the graduation rate at Spalding University?
Spalding University has a graduation rate of 54.4%.
How much do Spalding University graduates earn?
The median earnings for Spalding University graduates 10 years after enrollment is $49,438. With median debt of $25,250, graduates earn roughly 2.0x their debt level annually.
How big is Spalding University?
Spalding University has approximately 583 students and is classified as a small institution. It is located in Louisville, KY and is a Private Nonprofit institution.
Is Spalding University worth the cost?
Spalding University has an ROI score of -58 out of 100. With in-state tuition of $29,200 per year and median post-graduation earnings of $49,438, the data suggests the return on investment may be below average.
Where is Spalding University located?
Spalding University is located in Louisville, KY. It is a Private Nonprofit institution with approximately 583 students.
How much student debt do Spalding University graduates have?
The median student debt for Spalding University graduates is $25,250. With median earnings of $49,438 ten years after enrollment, graduates can expect a debt-to-income ratio of 51%.
Is Spalding University a good college?
Spalding University has a graduation rate of 54.4% and median post-graduation earnings of $49,438. High admission rate (99.45%)
How does Spalding University compare to similar colleges?
Moderate tuition rates for both in-state and out-of-state students Compared to peer institutions, Spalding University offers a more affordable tuition but graduates face higher debt and lower earnings, making it a less financially rewarding option.
What career prospects do Spalding University graduates have?
Graduates of Spalding University are well-prepared for careers in education, healthcare, and non-profit sectors, where they can leverage their liberal arts education and professional training.
What should prospective students know about Spalding University?
Spalding University is positioned in the market as a small, affordable private institution that emphasizes accessibility and a strong liberal arts foundation, but may not be the best choice for students seeking high earning potential.
What makes Spalding University stand out?
High median debt among graduates ($25,250)
What are the pros and cons of attending Spalding University?
Below-average median earnings after 10 years ($49,438)
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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.