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Thomas College

Waterville, ME·Private nonprofit·688 students
Last updated: March 22, 2026

A good fit for students who want accessible admissions and students who want small classes and close faculty access. no major red flags in the data. financial aid brings net price below sticker.

97%
Accept
688
Students
$19,223
Net Price
51%
Grad Rate
$43,400
Earnings
10 yr
$20,000
Debt

About This School

Thomas College is a private nonprofit institution located in Waterville, Maine with approximately 688 undergraduate students enrolled. Thomas College has an open or accessible admissions process, with an acceptance rate of 97%. The average net price after financial aid is $19,223 per year. The graduation rate is 51%, and the typical graduate earns $43,400 within 10 years of enrollment.

Thomas College is a private college in Waterville, Maine, United States. It offers undergraduate and graduate degrees and is accredited by the New England Commission of Higher Education. As of fall 2019 Thomas College enrolled 1,949 students; 1,819 were undergraduate students and 130 were graduate students.

The numbers tell a mixed story here: the near-open admissions (97% acceptance rate) and affordable net price of $19,223/year make it accessible, but a 51% graduation rate means roughly half of students who start don't finish, which is a real concern worth discussing. Median earnings of $43,400 a decade out are modest but manageable given the relatively low median debt of $20,000 at graduation. Worth considering if you're looking for an affordable, business-focused small college in Maine and have a clear plan to stay enrolled — but ask hard questions about student support before committing.

Founded
1894
Setting
Remote town

Popular Programs

Business & Marketing32%
Education10%
Psychology8%
Health Professions8%
Computer Science8%
Communications3%
Social Sciences2%
English2%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Paul LePage

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average CompositeN/A

ACT Scores

Midpoint CompositeN/A

Cost & Financial Aid

In-State Tuition
$30,896
Out-of-State Tuition
$30,896
Avg Net Price
$19,223
after aid

Financial Aid

Students receiving Pell Grants15%
Median debt at graduation$20,000

Full Cost

After Graduation

Graduation Rate
51%
within 6 years
Retention Rate
79%
freshmen returning
Earnings (10 yr)
$43,400
after enrollment
Median Debt
$20,000
at graduation

Will This School Pay Off?

Median Debt
$20,000
at graduation
Earnings (6 yr)
$31,700
after enrollment
Earnings (10 yr)
$43,400
after enrollment
Earnings-to-Debt Ratio: 2.2x

Solid return. Earnings outpace debt, though major choice matters.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White78%
Black6%
Hispanic/Latino2%
Asian1%

Source: U.S. Department of Education College Scorecard (688 undergraduates).

Contact & Location

Address

Thomas College

180 W River Rd

Waterville, ME 04901-5097

View on Google Maps →

Other Schools in Maine

Browse all Maine schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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