Calumet College of Saint Joseph

Whiting, IN · official site ↗

Private nonprofitMaster's, Small ProgramsSmall
44
Fin. Resilience
Resilience score

vs. 101 peers in its group

Calumet College of Saint Joseph is a private nonprofit institution in Whiting, IN, classified by Carnegie as “Master's, Small Programs.”

It enrolls about 529 undergraduates and is benchmarked here against 101 peer institutions (Master's, Small Programs · Private nonprofit).

On Ibex's Financial Resilience score it rates 44 out of 100 within that peer group, a transparent composite of endowment per undergraduate, net tuition revenue per student, and instructional spend per student.

Its strongest standing relative to peers is return on credential (0.36×, 81st percentile).

Its weakest is first-year retention (42.3%).

Ibex's cross-metric scan flags: Undergrad enrollment down 29% since 2016; First-year retention 42% (below 60%).

Peer group

Master's, Small Programs · Private nonprofit

101 institutions

Undergrad enrollment down 29% since 2016
First-year retention 42% (below 60%)

How exposed Calumet College of Saint Joseph is to the structural shifts reshaping higher ed: a composite structural-risk index plus the 2025 federal budget law’s endowment excise tax and Grad PLUS elimination and the demographic enrollment cliff. Only signals that apply to this institution are shown.

Structural risk indexAn indicative 0–100 structural-risk index (higher = more pressure) blending operating margin, months of cash cushion, tuition dependency and the home-state enrollment cliff. Screens for the financial and demographic strain that precedes closures and mergers — directional, not a prediction.
43
Elevated
Grad PLUS exposureShare of the school's graduate federal loan dollars that came from Grad PLUS, the program the 2025 budget law eliminates for new borrowers from July 2026 (FSA Direct Loan data). Higher = more graduate borrowing that will disappear above the new caps.
0.9%
Low exposure
Higher than 3% of schools nationally
AY2024-25 (Q4, full year)
Avg Grad PLUS loanAverage Grad PLUS loan per borrower (FSA). The 2025 law caps unsubsidized grad borrowing at $20,500/yr and ends Grad PLUS — this is the average per-student amount that vanishes above the cap. The depth half of the Grad PLUS shock; pair with Grad PLUS exposure (the reliance share).
$5,134
Below cap
Higher than 3% of schools nationally
AY2024-25 (Q4, full year)
Enrollment cliff (home state)Projected change in the institution's home-state high-school graduates from 2025 to 2041 (WICHE). The U.S. total falls about 13%; a directional feeder-market signal, not an enrollment forecast.
-11.1%
Steep decline

Indicative signals, not forecasts — see each metric’s definition and the methodology. Endowment-tax and Grad PLUS figures appear only where the institution is actually exposed; “nationally” compares against all schools that report each signal.

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4.0
on a −4 to 10 scale
Financial Health IndexStable

NACUBO Composite Financial Index — the balance-sheet health score accreditors and institutional boards use to gauge financial health; bond-rating agencies track similar ratios. 62nd percentile of 101 peers.

Primary reserve 35%8.4 mo
Reserves vs. debt 35%2.79×
Return on net assets 20%2.3%
Operating result 10%-9%

Composite of four ratios on a strength-factor scale (−4 weak → 10 strong): below 3 falls short of the threshold for financial health, below 1 signals acute stress, and above 6 is strong. Computed from IPEDS FY2022-23, the most recent finance release (it lags the current year by 2–3 years). Branch campuses that report finances at a parent/system level can show distorted ratios. For informational benchmarking, not a credit rating or financial advice.

Where the money comes from $14.6M total revenue · IPEDS FY2022-23

Tuition & fees is the largest single source at 52% of revenue.

Tuition & fees52.0%
Private gifts & grants23.1%
Government grants & contracts10.7%
Investment return6.0%
Auxiliary enterprises4.9%
Other revenue3.3%

Where each dollar of revenue comes from, as a share of total positive revenue. Sources are standardized across public (GASB) and private (FASB) reporting; a net investment loss in a down market is shown as 0% and excluded from the mix.

Average net price by family income After grant & scholarship aid · Scorecard 2024-25
$0–30K$21,381
$30–48K$22,931
$48–75K$22,877
$75–110K$23,358
$110K+$24,970

Average annual net price (total cost minus grant and scholarship aid) paid by federal-aid recipients in each family-income band. Lower-income bands often pay less where need-based aid is strong.

Net tuition revenue / FTETuition revenue per full-time-equivalent student after institutional aid/discounts — what tuition actually nets.
Strong
$15,157
68th percentile in peer grouppeer median $13,484
Instructional spend / FTESpending on instruction per FTE student — how much of the budget reaches the classroom.
Average
$7,751
41st percentile in peer grouppeer median $8,791
Endowment (end of year)Total endowment value at year end — long-term invested wealth that funds operations and cushions shocks.
Below peers
$6.2M
17th percentile in peer grouppeer median $33M
In-state tuition & feesPublished in-state tuition and fees before aid (sticker price).
$23,850
22nd percentile in peer grouppeer median $32,665
Out-of-state tuition & feesPublished out-of-state tuition and fees before aid (sticker price).
$23,850
22nd percentile in peer grouppeer median $32,665
Avg annual cost of attendanceAverage total annual cost — tuition, fees and living costs — before aid.
$32,968
17th percentile in peer grouppeer median $45,606
Avg monthly faculty salaryAverage monthly salary of full-time faculty (IPEDS) — a proxy for faculty investment.
Below peers
$6,093
28th percentile in peer grouppeer median $6,886
Average monthly salary of full-time faculty, as reported to IPEDS.
Average net priceAverage yearly price families actually pay after grants and scholarships.
Average
$22,451
62nd percentile in peer grouppeer median $21,187
Endowment per undergradEndowment divided by undergraduate headcount — endowment wealth behind each undergrad.
Below peers
$11,694
22nd percentile in peer grouppeer median $37,025
Operating marginNet surplus as a share of total revenue — whether the institution runs in the black.
Thin
3%
52nd percentile in peer grouppeer median 2.1%
Net surplus as a share of total revenue (IPEDS FY2022-23): (total revenues − total expenses) ÷ total revenues. A surplus above 4% is strong; a thin surplus near 0% leaves little margin for shocks.
Tuition dependencyTuition's share of total revenue — how exposed the budget is to enrollment swings.
52%
54th percentile in peer grouppeer median 50.8%
Tuition & fees as a share of total revenue (IPEDS FY2022-23). Higher = more exposed to enrollment swings.
Tuition discount rateInstitutional grant aid as a share of gross tuition (IPEDS, private nonprofits only) — the tuition-discount rate. The share of sticker tuition handed back as aid; a high rate (the national average is ~56%) signals heavy price competition for students.
Moderate
36.3%
33rd percentile in peer grouppeer median 44.1%
Institutional grant aid as a share of gross tuition & fee revenue (IPEDS FY2022-23, FASB): allowances applied to tuition ÷ (net tuition revenue + those allowances) — the tuition-discount rate enrollment leaders track, i.e. the share of sticker tuition handed back as institutional aid. Private nonprofit institutions only; public (GASB) institutions report tuition differently and are not shown. The national private-college average is roughly 56% (NACUBO); above ~60% signals heavy price competition.
State appropriations shareState appropriations' share of total revenue — material for public institutions, near zero for private.
0%
97th percentile in peer grouppeer median 0%
State appropriations as a share of total revenue (IPEDS FY2022-23). Material for public institutions; ~0 for private.
Administrative cost shareInstitutional support (central administration, governance, general administration, fundraising, and under FASB the operation & maintenance of plant) as a share of total expenses — private nonprofit (FASB) institutions only, where the figure is comparable. An informational gauge of administrative intensity, not a measure of waste.
17.5%
25th percentile in peer grouppeer median 21.4%
Institutional support — central administration, executive management, governance, general administration, fundraising and (under FASB rules) operation & maintenance of plant — as a share of total expenses (IPEDS FY2022-23, FASB). Private nonprofit institutions only: public (GASB) institutions report functional expenses on a different basis and frequently consolidate large hospital and auxiliary operations, which makes a comparable ratio unreliable, so they are not shown. Because FASB folds plant operations into institutional support, this runs higher than a narrow 'central-office' figure, and schools with sizable hospital or auxiliary operations show a lower ratio as those costs enlarge total expenses. An informational benchmark of administrative intensity, compared within the peer group — not a measure of waste or quality.
Months of operating cushionMonths of operating expenses covered by expendable reserves — the institution's cash cushion.
Strong
8.4 mo
53rd percentile in peer grouppeer median 7.2 mo
How many months of operating expenses the institution could cover from expendable reserves (IPEDS FY2022-23 primary reserve ratio × 12). About 5 months — one semester — is the accreditor benchmark for solid footing; below ~3 months is thin. A negative figure means expendable reserves are themselves negative.
Reserves vs. debtExpendable reserves divided by long-term debt — whether reserves could cover the debt.
Strong
2.79×
73rd percentile in peer grouppeer median 1.15×
Expendable reserves ÷ plant-related debt (IPEDS FY2022-23 viability ratio). At or above 1.25×, reserves fully cover long-term debt. Shown blank when the institution carries little or no plant debt.
Return on net assetsChange in net assets over the year — whether the institution grew wealthier.
Adequate
2.3%
54th percentile in peer grouppeer median 1.3%
Change in total net assets ÷ net assets (IPEDS FY2022-23) — whether the institution grew wealthier over the year. 2–4% is adequate; above 4% is strong.
Endowment per FTE studentEndowment per full-time-equivalent student — the FTE-correct measure of endowment wealth per student.
Below peers
$13,304
30th percentile in peer grouppeer median $28,642
End-of-year endowment ÷ 12-month FTE enrollment — endowment wealth per full-time-equivalent student. The FTE-correct companion to endowment-per-undergraduate; FTE counts graduate and part-time load, so research universities look less wealthy on this basis than on a headcount basis.
Grad PLUS exposureShare of the school's graduate federal loan dollars that came from Grad PLUS, the program the 2025 budget law eliminates for new borrowers from July 2026 (FSA Direct Loan data). Higher = more graduate borrowing that will disappear above the new caps.
Low exposure
0.9%
percentile in peer group
Share of the institution's graduate federal loan dollars (Grad Unsubsidized + Grad PLUS) that came from Grad PLUS — the program the 2025 budget law eliminates for new borrowers from July 1, 2026, alongside new caps on graduate borrowing. A higher share means more of the school's graduate students rely on borrowing that will no longer exist above the unsubsidized cap. Source: U.S. Dept. of Education / Federal Student Aid Direct Loan Dashboard — primarily award year 2025-26 (year-to-date through Q2, December 2025), the most current federal data; schools not yet reporting Grad PLUS in 2025-26 retain their most recent complete year (2024-25), shown per school. The reliance share is stable across the two vintages. Shown only for schools with Grad PLUS originations; an exposure signal, not a forecast of revenue loss.
Avg Grad PLUS loanAverage Grad PLUS loan per borrower (FSA). The 2025 law caps unsubsidized grad borrowing at $20,500/yr and ends Grad PLUS — this is the average per-student amount that vanishes above the cap. The depth half of the Grad PLUS shock; pair with Grad PLUS exposure (the reliance share).
Below cap
$5,134
percentile in peer group
Average Grad PLUS loan per recipient (FSA Direct Loan Dashboard — award year 2025-26 year-to-date through Q2, with 2024-25 full-year retained where 2025-26 is not yet reported). The 2025 budget law eliminates Grad PLUS for new borrowers from July 1, 2026 and caps unsubsidized graduate borrowing at $20,500/year — so this is the average per-borrower amount that will no longer be available above that cap. Paired with Grad PLUS exposure (the institution's reliance share), it is the depth axis of the Grad PLUS shock: how much each affected borrower stands to lose. Shown only where Grad PLUS was originated.
Structural risk indexAn indicative 0–100 structural-risk index (higher = more pressure) blending operating margin, months of cash cushion, tuition dependency and the home-state enrollment cliff. Screens for the financial and demographic strain that precedes closures and mergers — directional, not a prediction.
Elevated
43
percentile in peer group
An indicative 0–100 structural-risk index (higher = more pressure), an equal-weight blend of the stress signals we measure: thin or negative operating margin, low months of operating cushion, high tuition dependency, and a shrinking home-state high-school-graduate pipeline (enrollment cliff). Averaged over whichever signals are available (at least two required). It screens for the financial and demographic pressures that precede closures and mergers — a directional indicator, NOT a prediction that any institution will close, and not a credit rating.
Graduation rate · first-time, full-time
22.9%

22.9% graduate within 6 years (150% of normal time)
14.7% on-time, within 4 years (100%)
Counts only students who entered full-time as first-time freshmen and earned a bachelor's here — the conventional headline rate. Excludes part-time entrants and transfer-ins.

Completion rate · all students
48.4%

48.4% earned a degree or certificate within 8 years (IPEDS Outcome Measures)
The broader cohort — also counts part-time entrants and transfer-ins, and any credential. More inclusive, so it can run higher than the graduation rate.

Why two numbers? They measure different students over different windows, so they are not directly comparable. The graduation rate is the standard federal headline but tracks only first-time, full-time students through a bachelor's; the all-students completion rate adds the part-time and transfer students it leaves out, over a longer window. Read each for what it covers. Source: U.S. Department of Education — IPEDS Graduation Rates & Outcome Measures, via College Scorecard.

Undergraduate enrollmentNumber of degree-seeking undergraduates (IPEDS fall headcount). A size measure, not a quality signal.
529
17th percentile in peer grouppeer median 1,047
First-year retentionShare of first-time, full-time freshmen who return for a second year — an early signal of student fit and support.
Below peers
42.3%
2nd percentile in peer grouppeer median 72.5%
Graduation rate (6-yr · first-time, full-time)Of first-time, full-time freshmen, the share who earn a bachelor's at this institution within six years (150% of normal time) — the conventional headline graduation rate. It counts only first-time, full-time students and excludes part-time entrants and transfer-ins, who are captured instead by the all-students completion rate.
Below peers
22.9%
4th percentile in peer grouppeer median 52.4%
Graduation rate (4-yr on-time · first-time, full-time)Of first-time, full-time freshmen, the share who earn a bachelor's within four years (100% of normal time) — the 'on-time' rate. It runs well below the six-year rate because many students take a fifth or sixth year; same first-time, full-time cohort as the six-year rate.
Below peers
14.7%
7th percentile in peer grouppeer median 42.6%
Pell recipient shareShare of undergraduates on a federal Pell Grant — a proxy for the share from lower-income families.
51.6%
86th percentile in peer grouppeer median 33.4%
Program concentration (HHI)How concentrated a school's annual completions are across academic fields, as a Herfindahl-Hirschman Index (10,000 = one field, lower = many). Higher means more reliance on a few fields; lower means a diversified program portfolio.
Moderately concentrated
1,838
percentile in peer group
How concentrated the institution's degree and certificate output is across academic fields (CIP 2-digit families), as a Herfindahl-Hirschman Index on the latest year's completions: 10,000 means every completion is in one field; lower means output is spread across many. A higher value means the school leans on fewer fields and is more exposed to demand shifts in them; a lower value reflects a broad program portfolio. Shown for institutions reporting at least 100 annual completions. A structural-diversification signal, not a measure of quality.
12-month FTE enrollmentFull-time-equivalent enrollment over the full year — the denominator for per-student finance measures.
465
13th percentile in peer grouppeer median 1,208
Full-time-equivalent enrollment over the full 12-month year (IPEDS 12-month enrollment, 2022-23). Counts part-time students at their fractional load, so it runs above fall full-time headcount and is the denominator used for per-student finance measures.
Student-faculty ratioStudents per instructional faculty member — lower usually means smaller classes and more contact.
13:1
67th percentile in peer grouppeer median 12:1
Students per instructional faculty member (IPEDS, fall 2023). Lower generally means smaller classes and more faculty contact, though the measure mixes undergraduate and graduate teaching and is institution-reported.
Enrollment cliff (home state)Projected change in the institution's home-state high-school graduates from 2025 to 2041 (WICHE). The U.S. total falls about 13%; a directional feeder-market signal, not an enrollment forecast.
Steep decline
-11.1%
percentile in peer group
Projected change in the number of high-school graduates in the institution's HOME STATE from the class of 2025 (the national peak) to 2041, per WICHE's Knocking at the College Door, 11th Edition (Dec 2024). The 'enrollment cliff' is the post-2008 birth decline reaching college age; the U.S. total is projected to fall about 13% over this window. A college recruits from many states, so its home-state projection is an indicative directional signal of feeder-market pressure, not a forecast of that institution's own enrollment.
Completion rate (all students · 8-yr)Of ALL entering degree-seeking undergraduates — full- and part-time, first-time and transfer-in — the share who earned a degree or certificate at this institution within eight years (IPEDS Outcome Measures). Broader than the graduation rate, which counts only first-time, full-time students, so the two are measured on different students and are not directly comparable.
Below peers
48.4%
21st percentile in peer grouppeer median 57.6%
Share of ALL entering degree-seeking undergraduates — full- and part-time, first-time and transfer-in — who earned a degree or certificate at this institution within eight years (IPEDS Outcome Measures, via College Scorecard). Broader and more inclusive than the graduation-rate figures, which count only first-time, full-time students entering a bachelor's program — so the two are measured on different groups of students and are not directly comparable.
Undergraduate race & ethnicity IPEDS 2024-25
Hispanic/Latino33.5%
White32.3%
Black28.7%
Two or more races2.8%
International1.7%
Asian0.8%
Unknown0.2%

Undergraduate enrollment by race and ethnicity, as reported to IPEDS (College Scorecard). “International” denotes nonresident students; “Unknown” means race/ethnicity was not reported.

Median earnings (10 yr)Median earnings of former students ten years after first enrolling (working, federally-aided students).
Average
$46,945
33rd percentile in peer grouppeer median $49,176
Median debt at graduationMedian federal loan debt graduates carry at the point they complete.
Strong
$21,534
21st percentile in peer grouppeer median $25,000
3-yr cohort default rateShare of borrowers who default within three years of entering repayment. Lower is better.
Below peers
12.9%
90th percentile in peer grouppeer median 6.9%
Share of borrowers who defaulted within three years of entering repayment (U.S. Dept. of Education official cohort default rate). Shown for the FY2017 borrower cohort — the most recent cohort whose full three-year default window closed before the 2020-23 federal student-loan payment pause. More recent cohorts are reported by the College Scorecard at essentially 0%, but that reflects the payment pause (no payments were due, so almost no one could default), not borrower health, so the pre-pause cohort is the last meaningful reading. Lower is better.
Share taking federal loansShare of students taking out federal loans — a borrowing-reliance signal.
54.3%
49th percentile in peer grouppeer median 54.3%
Full-time faculty shareShare of faculty employed full-time — higher generally means more availability and continuity.
Below peers
29.5%
15th percentile in peer grouppeer median 58.1%
Debt-to-earnings ratioMedian graduate debt divided by median earnings — how heavy the debt load is versus what graduates earn. Lower is better.
Average
0.46×
48th percentile in peer grouppeer median 0.46×
Return on credentialMedian 10-year earnings divided by the four-year cost of attendance (annual cost × 4) — a rough payback ratio for the degree.
Strong
0.36×
81st percentile in peer grouppeer median 0.28×
Median 10-year earnings divided by the four-year cost of attendance (average annual cost × 4). A rough payback ratio: 1.0× means a graduate's annual 10-year earnings roughly equal the full four-year sticker cost. Earnings reflect federally-aided students; cost of attendance is the published sticker price before aid, so this is conservative relative to what families net of aid pay.
Field-demand outlook (10-yr)Employment-weighted 10-year BLS job-growth projection for the occupations this school's program mix feeds (U.S. all-occupations benchmark +3.1%). An indicative broad-field demand signal, not a program-specific or placement guarantee.
Outpaces job-market average
+4%
32nd percentile in peer group
Projected 10-year (2024-34) change in U.S. employment for the occupations this institution's degrees and certificates feed, blended across its program mix. Built by mapping each CIP 2-digit field to its occupations via the NCES CIP-SOC crosswalk, taking the employment-weighted average of each occupation's BLS-projected percent change, then weighting fields by the institution's latest-year completions. The U.S. all-occupations benchmark is 3.1%, so a higher value means the school's graduates concentrate in faster-growing labor markets. An INDICATIVE field-level signal at broad-field granularity — not a program-specific or graduate-specific projection, and not a placement or earnings guarantee. Structurally diffuse CIP families whose crosswalk maps to 'any job' are excluded from the signal: 05 Area/Ethnic/Gender Studies, 24 Liberal Arts & Humanities, and 30 Multi/Interdisciplinary. Shown where at least 50% of completions fall in fields with a coherent occupational mapping and the school reports 100+ annual completions.
Loan repayment rate (3-yr)
35.2%
5th percentile in peer grouppeer median 62%
Share of student-loan borrowers who had repaid at least $1 of their loan principal within three years of entering repayment (College Scorecard, FY2024-25). Read it as context, not a simple good/bad score: a low rate can mean borrowers are struggling, but it can also mean many graduates have postponed payments while enrolled in graduate or professional school, which is common at selective schools and pushes their rate down. Unlike the cohort default rate, it is not distorted by the 2020-23 federal payment pause. Reported only where enough borrowers exist.

Calumet College of Saint Joseph’s largest fields by completions, with graduate earnings (4 years out) and debt benchmarked against the same field at its peer group. Sparklines show the 8-year completions trend.

FieldCompletions / yrMedian earnings, 4 yrs outMedian debtEarnings premiumRisk score
Homeland Security, Law Enforcement & Firefighting41$106,465
100th pct · 30 peers
Above benchmark +184%Moderate · 49
Business, Management & Marketing22$46,551
6th pct · 80 peers
Above benchmark +24%Moderate · 51
Psychology7Low · 25
English Language & Literature6Moderate · 37
Education5Moderate · 63
Liberal Arts & Humanities5Low · 12
Multi/Interdisciplinary Studies5Low · 6
Public Administration & Social Service3High · 100
Visual & Performing Arts2High · 100
Computer & Information Sciences1High · 100

All 2 top fields shown clear the IN state earnings-premium benchmark (indicative).

Earnings-premium status is an indicative estimate: median graduate earnings four years out vs the IN state median earnings of a high-school graduate (undergraduate credentials) or a bachelor’s-degree holder (graduate credentials) from the U.S. Census Bureau’s American Community Survey (2022 ACS 5-year). The official U.S. Department of Education determination uses its own cohort definition and may differ.

The risk score (0–100) is an indicative blend of earnings-premium margin and the five-year completions trend—higher means a field pays closer to (or below) the benchmark and is shrinking. A directional screen, not an official determination.

See the interactive dashboard for all fields and credential levels (associate through doctoral). Source: College Scorecard Field of Study.

How financially healthy is Calumet College of Saint Joseph?
On the NACUBO Composite Financial Index — the −4 to 10 balance-sheet score accreditors and institutional boards use — Calumet College of Saint Joseph scores 4.0 (Stable), computed from its IPEDS FY2022-23 finances. This is informational benchmarking, not a credit rating.
What is Calumet College of Saint Joseph's student-faculty ratio?
Calumet College of Saint Joseph reports a student-faculty ratio of 13:1 (IPEDS, fall 2023) — that is, about 13 students for every instructional faculty member.
How much does Calumet College of Saint Joseph cost?
The average published cost of attendance is $32,968 and the average net price after aid is $22,451 (College Scorecard).
How much do Calumet College of Saint Joseph graduates earn?
Median earnings ten years after entry are $46,945 (College Scorecard), measured across students who received federal aid.
Are Calumet College of Saint Joseph's programs at risk under the federal earnings-premium test?
Indicatively, at Calumet College of Saint Joseph, all 2 of the largest fields with available earnings data clear the IN state earnings-premium benchmark used by the 2025 federal test (effective July 1, 2026) — median graduate earnings (four years out) exceed those of a typical worker without the credential. This is an estimate using College Scorecard earnings vs ACS medians; the official Department of Education determination may differ.
Which schools are Calumet College of Saint Joseph's peers?
Calumet College of Saint Joseph is benchmarked against 101 institutions in the Master's, Small Programs · Private nonprofit peer group; all percentiles and medians on this page are computed within that group.

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Source: U.S. Department of Education — College Scorecard & IPEDS (most recent releases), with the U.S. Census Bureau (ACS), the U.S. Bureau of Labor Statistics (Employment Projections, field-demand outlook) and WICHE (enrollment-cliff projections). Figures lag the current academic year by roughly two to three years. Percentiles and medians are computed within the institution's peer group. Financial Resilience is a transparent composite — see each component above. Compiled by Ibex Insights.