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University of Evansville

Evansville, IN 47722 — Private Nonprofit

Value Score: 55/100 | ROI Score: -70 | Affordability Score: 35/100

Tuition (In-State): $44,172 | Out-of-State: $44,172

Acceptance Rate: 77.6% | Graduation Rate: 67.7% | Retention Rate: 83.3%

Median Earnings (10yr): $53,770 | Median Debt: $24,606

ACT Midpoint: 26

Student Body Size: 1,539 (small)

Pell Grant Recipients: 24.5% | Federal Loan Rate: 41.2%

Average Faculty Salary: $8,723/month

Tuition & Affordability Analysis

In-state tuition at University of Evansville is $44,172 per year, which is 12% above the national average for private institutions.

Out-of-state students pay $44,172/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: $176,688 (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 University of Evansville:

  • Families earning $0–$30,000: $14,451/year
  • Families earning $30,001–$48,000: $12,347/year
  • Families earning $48,001–$75,000: $13,711/year
  • Families earning $75,001–$110,000: $20,735/year
  • Families earning $110,000+: $24,936/year

Low-income families receive an average discount of $29,721/year, paying just 33% of the sticker price.

Admissions Snapshot

University of Evansville has an acceptance rate of 77.6%, placing it in the Less Selective (70–85%) category. This means roughly 496 students apply each year.

The ACT midpoint is 26, 24% above the national average.

Graduate Outcomes & Return on Investment

67.7% of students at University of Evansville complete their degree, 9% above the national average. This is a solid graduation rate.

First-year retention rate: 83.3% (near the national average). This indicates most students are satisfied enough to return for sophomore year.

Graduates of University of Evansville earn a median salary of $53,770 ten years after enrollment, 31% above the national average. This represents a $18,770/year earnings premium over the average high school diploma holder, or $563,100 in additional lifetime earnings over a 30-year career.

The median student debt at graduation is $24,606, 14% above the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $267/month, with a total repayment of $32,040 (including $7,434 in interest).

Debt-to-Earnings Ratio: 0.46x. 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 University of Evansville pays for itself in approximately 10 years. This is a reasonable investment timeline.

Financial Aid Profile

24.5% of students at University of Evansville 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.

41.2% of students take federal loans, 12% below the national average. This is a moderate borrowing rate.

Average faculty salary: $8,723/month, near the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.

Student Body & Campus Diversity

University of Evansville enrolls 1,539 undergraduate students. This mid-sized institution offers a balance between personalized attention and diverse academic offerings.

Diversity Index: 47/100 (higher = more diverse). The student body is less diverse than average.

Student body composition: White 73%, Hispanic 6%, Black 5%, Asian 3%.

University of Evansville: Small Private Institution with High Tuition and Mixed Outcomes

Report Card: Overall Grade D+

University of Evansville receives an overall grade of D+ based on six dimensions:

  • Academics: D+
  • Value: F
  • Outcomes: C+
  • Affordability: C+

College Analysis

University of Evansville is a Private Nonprofit institution in Evansville, IN with approximately 1,539 students. Academics: Strong focus on small class sizes and personalized attention. Value: High tuition with moderate debt and earnings, but low ROI. Outcomes: Graduates have a 67.66% graduation rate and earn a median salary of $53,770 after 10 years.

The Verdict: Is University of Evansville Worth It?

The University of Evansville presents a complex value proposition. With an out-of-state tuition of $44,172 and a median 10-year earning potential of $53,770, the immediate return on investment appears modest, especially considering the median debt of $24,606. The ROI score of -70 further highlights a potential financial strain. To illustrate, if a graduate earns the median salary and dedicates 15% of their income towards debt repayment (a common benchmark), it would take approximately 4-5 years to pay off the median debt, assuming no interest accrues and no other expenses. However, this calculation doesn't account for potential salary growth or the value of a private education's smaller class sizes and personalized attention. For students who leverage UE's strong programs, secure high-paying internships, and enter in-demand fields, the financial outcome can be significantly better. For those seeking purely a high financial ROI, other institutions might offer a more direct path. UE is not a clear 'good deal' nor is it 'overpriced' for everyone; it's a potentially solid investment for students who are strategic about their major choice and career path, and who can secure financial aid. A clear recommendation hinges on individual career aspirations and financial planning.

Return on Investment

The degree from University of Evansville is not worth the cost, given the low ROI score and high tuition.

Debt Reality Check

Median student debt at University of Evansville: $24,606. Monthly payment on a standard 10-year plan: $279/month. Total repaid: $33,480 ($8,874 in interest).

Breakeven vs high school diploma: 1 years. Debt burden: Manageable. Salary needed for comfortable repayment: $33,480.

Strengths

  • Strong focus on personalized education and small class sizes.
  • High-quality career services and networking opportunities.

Weaknesses

  • High tuition with no in-state discount.
  • Low ROI score despite decent earnings.

Academic Profile

ACT Midpoint: 26. Retention Rate: 83.3%.

UE prides itself on providing a personalized academic experience, a hallmark of its private, liberal arts-focused identity. While the university offers a range of programs, its strengths lie in areas like Engineering, Business, and Health Sciences. The College of Engineering and Computer Science is particularly well-regarded, offering hands-on learning opportunities and strong industry connections. The School of Business offers specialized tracks, and the College of Education and Health Sciences is known for its robust nursing and physical therapy programs. With a student-faculty ratio that is likely quite low given the small student population, students can expect direct interaction with professors. While faculty salary data isn't provided, the emphasis on undergraduate teaching at institutions like UE typically means faculty are accessible and invested in student success. Research opportunities are available, especially for students in STEM fields, often involving faculty mentorship. The Honors Program offers a challenging curriculum and enriched experiences for high-achieving students, including priority registration and unique research projects. UE also has a strong commitment to global learning, with numerous study abroad programs, including its own campus in Northern Ireland, a unique offering that provides an immersive international experience. Academic support is readily available through the Center for Academic Success, offering tutoring, academic advising, and resources for students needing extra help.

Financial Aid Guide for University of Evansville

Pell Grant recipients: 24.5%. Students taking federal loans: 41.2%.

The University of Evansville offers a blend of merit-based and need-based financial aid to make its private education more accessible. Given the sticker price of $44,172, most students will rely on some form of aid. Merit scholarships are a significant component, often awarded automatically based on academic achievement (GPA and test scores, though these are not provided here). These can range from a few thousand dollars to covering a substantial portion of tuition. For instance, top academic scholarships might approach $20,000-$25,000 annually. Need-based aid, determined by the FAFSA, is also crucial. Families with incomes below $75,000 might see a significant portion of their demonstrated need met through a combination of grants, scholarships, and federal loans. Work-study opportunities are available, providing part-time jobs on campus for students who qualify, typically offering around $2,000-$3,000 per academic year. Typical aid packages for students from middle-income families (e.g., $75,000-$120,000) might include $15,000-$25,000 in merit aid, supplemented by federal loans. Students from lower-income backgrounds could receive upwards of $30,000-$35,000 in grants and scholarships. Scholarship tips include applying early, exploring departmental scholarships, and looking for external scholarships. Negotiating aid at UE is possible, especially if you have competing offers from similarly ranked institutions, but it's generally more effective for merit aid than need-based grants.

Hidden Costs at University of Evansville

  • Room and Board: On-campus housing and meal plans typically range from $12,000 to $15,000 per academic year.
  • Textbooks and Supplies: Budget approximately $1,000 to $1,500 annually for books, software, and course materials.
  • Student Fees: Expect to pay around $1,000-$1,500 per year in various university fees, including technology and activity fees.
  • Transportation: Depending on whether you bring a car or rely on public transport/rideshares, factor in $500-$2,000 annually for getting around Evansville.
  • Parking Permit: If you plan to have a car on campus, a parking permit can cost between $100-$300 per year.
  • Personal Expenses: Allow $1,000-$2,000 per year for toiletries, laundry, entertainment, and other personal needs.
  • Health Insurance: If you don't have adequate coverage, the university's student health insurance plan can add $2,000-$3,000 to your annual costs.

Alumni Outcomes & Career Paths

Graduates from the University of Evansville (UE) enter a diverse job market, with many finding opportunities within the Midwest. While specific major employer lists are not publicly detailed, common recruiting grounds often include regional healthcare systems like Deaconess and Ascension St. Vincent, manufacturing firms such as Toyota Motor Manufacturing Indiana and SABIC, and financial institutions like Old National Bank. Alumni tend to cluster in industries that align with UE's strong programs, including healthcare (nursing, physical therapy), engineering (mechanical, electrical), business (finance, marketing), and education. The university emphasizes experiential learning, with robust internship pipelines facilitated by its Career Services. These services actively connect students with local and regional businesses, providing hands-on experience that often leads to full-time offers. Geographic hiring patterns show a strong pull towards Evansville and surrounding Indiana communities, but also extend to larger Midwestern cities like Indianapolis, Louisville, and St. Louis. Graduate school placement rates are generally strong, particularly for students pursuing advanced degrees in health sciences and some STEM fields, though specific percentages vary by program. Notable alumni include figures like former NBA player and coach Jerry Sloan, and various leaders in regional business and public service, underscoring the university's impact on its immediate community and beyond.

Campus Life & Culture at University of Evansville

The University of Evansville attracts a student body that values a personalized, engaged learning environment. While the majority of students are from Indiana, there's a notable representation from other states and a growing international student population, contributing to a diverse campus perspective. Students who thrive here are typically proactive, community-oriented individuals eager to build relationships with faculty and peers and participate actively in campus life.

The University of Evansville (UE) offers a close-knit campus community where personal attention is the norm. With a student body of just over 1,500, you'll quickly recognize faces and build strong relationships. The campus itself is a beautiful, self-contained arboretum, making it a pleasant place to walk between classes. Social life often revolves around campus events, student organizations, and the Greek system, which plays a significant role for many students. UE has four fraternities and four sororities, contributing to a vibrant social calendar with formals, philanthropy events, and mixers. Beyond Greek life, there are over 100 student organizations, ranging from academic clubs and cultural groups to intramural sports and the popular UE Theatre program. The UE Purple Aces compete in NCAA Division I athletics, with basketball being a major draw, filling the Ford Center downtown during games. For housing, most freshmen live on campus in residence halls like Hyde Hall or Powell Hall, with upperclassmen having options for on-campus apartments or moving off-campus into nearby neighborhoods like the historic Riverbend area. Dining is primarily handled through the Ridgway University Center, offering various stations and late-night options, with meal plans required for most residents. The overall vibe at UE is one of engaged community, where students are encouraged to get involved, support each other, and take advantage of the many opportunities for personal and academic growth. It's a place where you can truly make your mark.

Campus Highlights

  • UE's own campus in Northern Ireland, offering a unique and immersive study abroad experience.
  • A strong emphasis on undergraduate research, particularly in STEM fields.
  • The vibrant student theater program, with multiple productions each year.
  • A beautiful, arboretum-like campus that provides a serene learning environment.
  • Close-knit community feel due to the small student population.
  • NCAA Division I athletics, with basketball being a significant campus and community event.

Location & Regional Advantages

The University of Evansville's location in Evansville, Indiana, offers a unique set of regional advantages and challenges. Evansville itself is a mid-sized city with a stable, albeit not rapidly growing, job market. Key industries include healthcare, advanced manufacturing, and logistics, providing a solid base for graduates in related fields. The cost of living in Evansville is significantly lower than the national average, making the overall financial burden of attending and graduating more manageable, especially when compared to larger metropolitan areas. Proximity to larger industry hubs is moderate; Indianapolis is about a three-hour drive, offering more extensive opportunities in sectors like life sciences and technology. Louisville, Kentucky, is also within a similar driving distance. The quality of life in Evansville is characterized by a friendly, community-oriented atmosphere with access to parks, the Ohio Riverfront, and a growing downtown scene. Weather is typical of the Midwest, with distinct seasons including hot summers and cold winters. Safety is generally good, with crime rates comparable to other cities of its size. This location fosters strong local connections for internships and jobs, but may require graduates seeking highly specialized or rapidly expanding tech roles to relocate to larger economic centers.

How to Get Into University of Evansville

The University of Evansville, with its 77.6% admission rate, is selective but accessible. Applying Early Action (EA) or Early Decision (ED) can provide a slight advantage, allowing you to demonstrate strong interest and receive an earlier decision. ED is binding, so ensure UE is your top choice. The admissions committee looks for well-rounded students who will contribute to the campus community. Strong academic performance in high school (GPA) is crucial, and while SAT/ACT scores are not provided, they would likely be considered if submitted. Focus on presenting a GPA that reflects consistent effort and upward trends. Essays are important for showcasing personality, goals, and fit; consider topics that highlight your unique experiences, leadership potential, or how you'll engage with UE's specific programs or values. Demonstrated interest is often valued at private institutions like UE; this can be shown through campus visits (virtual or in-person), attending information sessions, and engaging with admissions counselors. The application deadline for Fall admission is typically around March 1st, with EA/ED deadlines in November. Aim to submit your application well before the deadline to ensure all materials are processed smoothly.

How University of Evansville Compares to Similar Schools

Similar schools: Butler University, DePauw University, Rose-Hulman Institute of Technology, Wabash College

Advantages

  • Lower cost of living in Evansville compared to Indianapolis (Butler) or Greencastle (DePauw).
  • Stronger regional focus and established internship pipelines within the Evansville tri-state area.
  • More diverse program offerings compared to specialized institutions like Rose-Hulman or Wabash.

Disadvantages

  • Lower overall national recognition and alumni network reach compared to DePauw or Butler.
  • Potentially less competitive academic rigor in certain programs compared to Rose-Hulman.
  • Median earnings are lower than some peers, suggesting a potentially slower career trajectory for some graduates.

Best For

  • Prospective students seeking a large university with more diverse extracurricular activities.
  • Students looking for a high ROI may find better options.
  • International students due to the lack of in-state tuition discount.

Avoid If

  • Students prioritizing cost over personalized education.
  • Prospective students seeking high-earning potential without the associated debt.

Frequently Asked Questions about University of Evansville

How much does it cost to attend University of Evansville?

In-state tuition at University of Evansville is $44,172 per year, and out-of-state tuition is $44,172 per year. The median student debt at graduation is $24,606.

What is the acceptance rate at University of Evansville?

University of Evansville has an acceptance rate of 77.6%.

What is the graduation rate at University of Evansville?

University of Evansville has a graduation rate of 67.7%.

How much do University of Evansville graduates earn?

The median earnings for University of Evansville graduates 10 years after enrollment is $53,770. With median debt of $24,606, graduates earn roughly 2.2x their debt level annually.

How big is University of Evansville?

University of Evansville has approximately 1,539 students and is classified as a small institution. It is located in Evansville, IN and is a Private Nonprofit institution.

Is University of Evansville worth the cost?

University of Evansville has an ROI score of -70 out of 100. With in-state tuition of $44,172 per year and median post-graduation earnings of $53,770, the data suggests the return on investment may be below average.

Where is University of Evansville located?

University of Evansville is located in Evansville, IN. It is a Private Nonprofit institution with approximately 1,539 students.

How much student debt do University of Evansville graduates have?

The median student debt for University of Evansville graduates is $24,606. With median earnings of $53,770 ten years after enrollment, graduates can expect a debt-to-income ratio of 46%.

Is University of Evansville a good college?

University of Evansville has a graduation rate of 67.7% and median post-graduation earnings of $53,770. Highly personalized education with small class sizes.

How does University of Evansville compare to similar colleges?

Moderate earnings and debt levels for graduates. Compared to peer institutions, University of Evansville has higher tuition and debt but similar earnings.

What career prospects do University of Evansville graduates have?

Graduates from University of Evansville are well-prepared for careers in business and related fields, with strong networking opportunities.

What should prospective students know about University of Evansville?

University of Evansville is positioned in a competitive market for private institutions, offering a niche in personalized education.

What makes University of Evansville stand out?

Low ROI score despite decent earnings.

What are the pros and cons of attending University of Evansville?

High tuition with no in-state discount.

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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.