How Much Money Colleges Spend per Student at Private Maryland Colleges

As a college consultant I am interested in looking at the different aspects of what universities offer my students. This article will look at the enormous spending disparity on students who attend different colleges. The metric that I am focusing on is Spending per Completion which is defined as:

Spending per completion is estimated educational spending (expenses related to instruction, student services, academic support, institutional support, operations and maintenance) per academic degree or certificate. Although it does not define the quality of an education, it gives us insight into resources available at institutions, and is some insight into where our money is going.

The below graph shows that Johns Hopkins spends $292,044 per student, per completion, while McDaniel College spends $55,307. Mc Daniel is a well-respected college and a member of Colleges that Change Lives, so it does not mean that one would not receive a strong education. What is does show are the resources available, but not necessarily how effectively they are used in the pursuit of an excellent education. Loyola spends $97,171 and Washington College spends $160,051.

I was intrigued to find out how colleges were spending the extra funds. Last year, I had the enormous pleasure of having a personal dinner with the president of Washington College, Mitchell Reiss, his wife, and the head of admissions. I asked them what that money was being spent on. To my surprise, they had no idea that they even spent as much as they did, and they were shocked at the amount they were spending in comparison to other institutions. He shared with me how incredibly difficult it is to be the president of a college in our present environment, and how many factors one has to weigh in every decision that is made. He quipped that it was more difficult than negotiating with terrorists. Previously he was the U.S. Special Envoy to Northern Ireland, and played an important role in the Northern Ireland peace process. Dr. Reiss has since moved on to be the President and CEO of the Colonial Williamsburg Foundation in Virginia.

That still leaves the me wondering about the specifics, and as a college counselor there is always more to uncover. If you have insights into details about these numbers, please feel free to let me know.

The average 4 year spending per completion for non-profit private colleges in the U.S. is $101,725 while Maryland private schools spend $184,772.

This information is from The Chronicle of Higher Education

Maryland Private Colleges

College Grad. rate
(6 year)
Grad. rate
(4 year)
Completions per 100 students Spending per completion Student aid
per recipient
Students with Pell Grants
Johns Hopkins University 92.5% 86.9% 25 $292,044 $30,220 13.1%
Loyola University Maryland 84.4% 79.4% 22.5 $97,171 $24,716 14.1%
Maryland Institute College of Art 72.7% 66.7% 20.3 $104,040 $15,454 24.3%
McDaniel College 71.8% 63.6% 21.1 $55,307 $22,661 30.7%
Washington College 68.2% 64.8% 18.6 $160,051 $21,049 14.9%
Goucher College 67.9% 59.1% 21.4 $105,473 $22,276 24.0%
Hood College 66.4% 55.3% 24.8 $61,935 $20,027 34.2%
Mount St. Mary’s University (Md.) 65.6% 61.4% 21.4 $80,554 $18,465 22.7%
St. John’s College (Md.) 63.4% 55.6% 19.8 $188,657 $28,451 23.8%
Stevenson University 56.1% 42.1% 21 $85,537 $12,719 30.3%

 

College Grad. rate
(6 year)
Grad. rate
(4 year)
Completions per 100 students Spending per completion Student aid
per recipient
Students with Pell Grants
College of Notre Dame of Maryland 52.8% 45.3% 34.2 $49,288 $12,926 30.2%
Capitol College 42.9% 19.0% 14.4 $52,962 $14,718 35.6%
Washington Adventist University 35.7% 17.5% 24.4 $61,961 $10,342 53.9%
Ner Israel Rabbinical College 30.6% 16.3% 10.7 $54,902 $10,234 19.8%
Sojourner-Douglass College 16.7% 10.4% 15.9 $75,359 $14,564 70.8%
National Labor College N/A N/A 33.3 $138,855 $1,123 15.2%

 

 

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