Thomas College is a private research university in Waterville, Maine, enrolling about 647 students. Admission is moderately selective for first-time degree-seeking undergraduates reporting admissions data to the Education Department. The acceptance rate is about 96.30% in the latest College Scorecard admissions data. Median earnings about ten years after entry reach about $44,991 among students who received federal aid.

Key Facts

  • 2024 Undergraduate Tuition: $31,824
  • 2024 Average Net Price: $18,885 After Financial Aid
  • 2024 Acceptance Rate: 96.30% Moderate Selectivity
  • 2024 Enrolled Students: 647 99.2% Full-Time
  • 2024 Graduation Rate: 53.69%
  • Carnegie Classification: Baccalaureate Colleges: Arts & Sciences Focus
  • First-Generation Students: 37.9%
  • Tuition trend: In-state tuition increase of 3.0% from 2022 to 2023 (College Scorecard).
  • Net price trend: Average net price decrease of 9.7% from 2022 to 2023 (College Scorecard).
  • Full-Time Faculty: 50.6%
  • Undergraduate Enrollment: 1,742
  • Applicants (IPEDS): 853
  • Room & Board: $14,090 annual estimate

Thomas College: what the data shows

Common questions about Thomas College, answered from College Scorecard and IPEDS in this repository.

Where is Thomas College?

Thomas College is located in Waterville, ME (ZIP 04901-5097).

NCES locale classification: Town remote.

Is Thomas College public or private?

Thomas College is a Private Non-profit institution.

How much does Thomas College cost?

Published tuition: $31,824.

Average net price after aid: $18,885.

Family income bandAvg. net price
Family income $0–$30,000$12,655
$30,001–$48,000$11,904
$48,001–$75,000$16,227
$75,001–$110,000$18,145
$110,001+$26,770

Sticker tuition × four years (estimate, no room/board): $127,296.

How hard is it to get into Thomas College?

Admission rate: 96.30%.

Scorecard does not publish admitted-student GPA for most institutions.

How big is Thomas College?

Total enrollment: 647 students.

Undergraduate enrollment: 1,742 students.

Graduate enrollment: 109 students.

About 99% enroll full-time in our extract.

What is the graduation rate at Thomas College?

150%-time completion rate: 53.69%.

First-year retention: 77.5%.

What do graduates of Thomas College earn?

Median earnings: $40,495 six years after entry; $44,991 ten years after entry (College Scorecard).

How much debt do students have?

Median federal loan debt among completers: $24,250.

18.15% of students receive Pell grants.

What is Thomas College known for?

Largest IPEDS program completions at this institution:

See ROI & Programs for more.

Is Thomas College a good school?

We do not score schools on opinion. Federal data in our extract show admission rate 96.30%; completion rate 53.69%; median earnings $44,991 at 10 years; net price $18,885. Compare these figures to your cost, aid, and career goals.

Tuition & Cost

Tuition Costs

$31,824
2024 Undergraduate Tuition

In 2024, the cost of tuition at Thomas College was $31,824.

Tuition comparison with similar institutions.

Average Net Price

$18,885
2024 Value

In 2024 Thomas College had an average net price — the price paid after factoring in grants and loans — of $18,885.

Average net price comparison with similar institutions.

Total Cost of Attendance

$75,540 Estimated 4-Year Total Cost

$18,885 Average Annual Net Price (after aid)

$127,296 4-Year Tuition

$14,090 Room & Board (annual, on-campus estimate)

$800 Books & Supplies (annual estimate)

$46,714 Estimated Annual Sticker (tuition + room/board + books)

$186,856 Estimated 4-Year Sticker (before aid)

4-year total cost breakdown for Thomas College.

Financial Aid by Income Level

18.15% Undergraduates Receiving Financial Aid through Grants

32.83% Undergraduates Receiving Financial Aid through Loans

Financial aid distribution by income level.

Student Loan Default Rate

0.00%
3-year cohort default rate (College Scorecard)

The published 3-year cohort default rate for borrowers at Thomas College was 0.00%.

Cohort default rates account for borrowers who default in the first three years.

Tuition tracker

Published tuition and average net price by reporting year come from the College Scorecard institution file. Values are not adjusted for inflation; missing cells mean the field was not reported or was suppressed for Thomas College in that year.

Reporting years in the table below: 20132023 (Scorecard labels refer to the institutional submission cycle).

Year In-state tuition & fees Out-of-state tuition & fees Average net price
2013$22,770$22,770$18,621
2014$23,460$23,460$20,045
2015$24,300$24,300$19,930
2016$25,150$25,150$20,557
2017$26,110$26,110$21,647
2018$26,900$26,900$21,411
2019$27,720$27,720$20,819
2020$28,430$28,430$21,844
2021$29,152$29,152$22,084
2022$29,996$29,996$21,279
2023$30,896$30,896$19,223

Sticker tuition and net price over time

Where the institution reported separate in-state and out-of-state tuition, both appear. Gaps mean the value was not reported for that year.

College Scorecard reporting-year fields (not inflation-adjusted).

Net price by family income

Brackets follow Scorecard definitions for the series shown (public vs private institution).

Latest income-band net prices available in the processed extract.

Acceptance Rate & Admissions

Acceptance Rate

96.30% Acceptance Rate

853 Total Applicants

828 Students Admitted

194 First-Time Students Enrolled

23.43% Yield (enrolled ÷ admitted)

This institution has a moderate acceptance rate, accepting most qualified applicants.

Acceptance rate compared to national average.

Test Scores

Test score data is not available for this institution.

Average SAT and ACT scores for admitted students.

Academic Requirements

GPA requirements are not published by this institution. Contact the admissions office for specific academic requirements.

Estimated GPA and test score ranges.

Enrollment & Student Demographics

Thomas College reported total enrollment of about 647 students in the latest College Scorecard extract. The student body is about 54% male and 46% female. Enrollment by race and ethnicity includes White (68.2%), Race/ethnicity unknown (14.5%), and Non-Resident Alien (7.1%). About 18.15% of undergraduates receive Pell Grants. Roughly 37.9% of students are first-generation college students.

Full-Time vs Part-Time Enrollment

99.2% Full-Time Enrollment

The total enrollment at Thomas College in 2024 is 647 students.

Undergraduate enrollment is about 1,742 students. Graduate enrollment is about 109 students.

Full-time vs part-time enrollment comparison.

Retention Rate over Time

77.5%
2024 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall.

Retention rate over time compared to similar institutions.

Enrollment by Race & Ethnicity

The largest enrollment share in our College Scorecard extract is White at 68.2%.

Shares are for total enrollment (undergraduate and graduate combined when reported).

College Scorecard student demographics.

Graduates & Outcomes

Time to Complete

48.36% 100% Completion Time

53.69% 150% Completion Time

In 2024, 48.36% of students graduating from Thomas College completed their program within 100% "normal time".

Completion rates over time compared to similar institutions.

Completions by Sex (Top Programs)

  • Business Administration and Management, General: 54% male / 46% female
  • Forensic Psychology: 0% male / 100% female
  • Accounting: 62% male / 38% female

IPEDS completions by sex for the five largest programs (aggregate CIPs excluded).

Completions by Race & Ethnicity

Combined IPEDS award counts across reported programs; largest group: White.

Summed across program completion records in our extract.

ROI & Programs

Financial value and program information for Thomas College.

Return on Investment

$24,250 Median Student Debt

$44,991 Median Annual Earnings (10 years)

53.90% Debt-to-Earnings Ratio

495.59% Return on Investment

5.4 years Estimated Payback Period

Financial value analysis for Thomas College.

Top Programs by Completions

10 largest programs by IPEDS completions (of 37 reported codes; aggregate/unknown CIP buckets excluded).

1. Business Administration and Management, General: 57 completions

2. Forensic Psychology: 14 completions

3. Accounting: 13 completions

4. Computer and Information Systems Security/Auditing/Information Assurance: 12 completions

5. Criminal Justice/Law Enforcement Administration: 12 completions

6. Education, General: 10 completions

7. Computer Science: 8 completions

8. Elementary Education and Teaching: 7 completions

9. Marketing/Marketing Management, General: 7 completions

Most popular programs at Thomas College.

Employment Outcomes

Employment outcome data is not available for this institution.

Earnings outcomes for Thomas College graduates.

Operations

Instructional staffing and expenditure indicators for Thomas College from College Scorecard (not a full IPEDS finance statement).

Instructional Resources

  • Full-time faculty share: 50.6%
  • Average faculty salary (Scorecard): $7,625
  • Instructional expenditure per FTE: $4,491

Endowment and detailed non-instructional staff counts require IPEDS Finance/HR surveys and are not in this extract.

Scorecard instructional metrics where reported.

About

Thomas College is a private non-profit institution located in Waterville, ME, classified as Baccalaureate Colleges: Arts & Sciences Focus. In the latest IPEDS completions in our extract, the largest programs by awards were Business Administration and Management, General, Forensic Psychology, Accounting. Enrollment is approximately 647 students. Student body composition includes White (68.2%), Race/ethnicity unknown (14.5%), Non-Resident Alien (7.1%). The admission rate is 96.30%. The 150%-time completion rate is 53.69%. Approximately 18.15% of students receive Pell Grants. About 37.9% of students are first-generation college students.

Institution Type

Private Non-profit

Carnegie Classification: Baccalaureate Colleges: Arts & Sciences Focus

Location

Waterville, ME 04901-5097

Region: New England

Insights and Analysis

Thomas College provides educational opportunities for students seeking higher education. Prospective students should carefully evaluate all factors including costs, outcomes, and program offerings when making their enrollment decisions.

Frequently Asked Questions

Where is Thomas College located?

Thomas College is located in Waterville, ME.

What is Thomas College's acceptance rate?

The acceptance rate at Thomas College is 96.3% among first-time degree-seeking students reporting admissions data. IPEDS reports 853 applicants and 828 admits in the latest admissions cycle in our extract.

How much does Thomas College cost?

Reported tuition is $31,824 and average net price is $18,885 in the latest College Scorecard data. On-campus room and board is estimated at $14,090 annually.

What is the student body demographics at Thomas College?

Thomas College reports undergraduate enrollment of about 1,742 students, White (68.2%), Race/ethnicity unknown (14.5%) in federal College Scorecard data.

How many first-generation students attend Thomas College?

About 37.9% of students at Thomas College are first-generation college students.

What do graduates of Thomas College earn?

Median earnings are $40,495 six years after entry and $44,991 ten years after entry.

What is the graduation rate at Thomas College?

The 150%-time completion rate is 53.7% for the cohort reported to the College Scorecard.

How much debt do Thomas College students have?

Median federal loan debt among completers is $24,250.

Is Thomas College public or private?

Thomas College is a private nonprofit institution located in Waterville, ME.

Is Thomas College an HBCU?

No. Thomas College is not flagged as an HBCU in the IPEDS institutional directory.

Is Thomas College a tribal college?

No. Thomas College is not flagged as a tribal college in IPEDS.

Is Thomas College a Hispanic-serving institution (HSI)?

Using a 25% Hispanic enrollment threshold on College Scorecard demographics, Thomas College does not meet that proxy (reported share 1.7%).

Data Sources

This page uses data from the following sources:

  • New England regional profile
  • All state profiles
  • Regional profiles
  • National benchmarks
  • School directory
  • All schools in Maine
  • Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.

    Last Updated: Data reflects the most recent available information as of January 2025.

    Methodology

    Data for this profile is sourced from the U.S. Department of Education's College Scorecard dataset, which provides comprehensive information on institutions of higher education in the United States.

    All financial figures are adjusted for inflation and represent the most recent available data. Graduation rates and completion times are calculated according to federal standards.