Thomas College

Thomas College is a less selective private nonprofit college in Waterville, Maine. It admits most applicants, graduates 54% of its students within six years, and its former students earn a median $44,991 ten years after starting college, more than 35% of the Maine colleges we cover.

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Acceptance rate
96%

More selective than 25% of Maine colleges we cover.

College Scorecard, Fall 2024 entering class

What your family pays
$18,885 /yr

Average after grants for all families receiving federal aid. Pick your income above.

Sticker price $47,198. College Scorecard.

Graduation rate
54%

Higher than 41% of Maine colleges we cover and 50% of colleges nationwide. U.S. median 54%.

Within 6 years · College Scorecard

Earnings after college
$44,991

Higher than 35% of Maine colleges we cover and 25% of colleges nationwide. U.S. median $53,263.

Median, 10 years after starting · College Scorecard

Thomas College acceptance rate & admissions

Of 853 applicants, Thomas College admitted 828 and 194 enrolled (IPEDS, Fall 2023 entering class).

853
Applied
828
Admitted
194
Enrolled

IPEDS Admissions, Fall 2023 entering class

First-year students who return77%
Pell Grant recipients18%
First-generation students38%
Women / men46% / 54%

Test scores: College Scorecard, Fall 2024. Other figures: College Scorecard; IPEDS

Thomas College tuition, cost & net price

What families actually pay per year, by income

Average net price after grants and scholarships for students who receive federal aid. Tap your income band.

College Scorecard, latest reported year (federal aid recipients)

Sticker price (before aid)

Tuition & fees$31,824
Housing & meals, on campus$13,678
Books & supplies$800
Total cost of attendance$47,198

IPEDS 2023-24 cost items; total from College Scorecard

Median debt at graduation$20,000
Loan default rate7.3%3-year rate, 2017 repayment cohort

College Scorecard; Urban Institute Education Data Portal

Full cost breakdown, in-state vs out-of-state →

What Thomas College costs to finish, and how fast it pays back

Graduates of Thomas College took 4.1 years on average to finish, so the yearly price adds up to the total below. Payback compares former students' earnings with what high school graduates earn in Maine. The figures follow your residency and income choices above.

Family incomeNet price / yrCost to finishYears to pay back
$0–30k$12,655$52,1396.3 years
$30–48k$11,904$49,0445.9 years
$48–75k$16,227$66,8558.0 years
$75–110k$18,145$74,7579.0 years
$110k+$26,770$110,29213.2 years

Cost to finish = yearly price × 4.1 years, the average time graduates took (45% finished in 4 years; students who entered fall 2017, IPEDS). Years to pay back = cost to finish ÷ the earnings gain: median earnings of former students 10 years after starting ($44,991) minus $36,661 for high school graduates ages 25-34 in ME (Census ACS 2020-2024), a gain of $8,330 a year. Before taxes, loan interest and earnings given up while in school. Method

College Scorecard (net price, earnings); IPEDS Graduation Rates (time to finish); U.S. Census Bureau ACS (high school earnings). Calculated by EducationGuide.

Best-value colleges in Maine for your income →

Thomas College majors, earnings & careers

Thomas College offers 29 bachelor's majors across 9 areas. Earnings below are for this school's graduates of each major, four years after finishing.

  • Business & Finance · 8
  • Social Sciences & Public Service · 6
  • Education · 3
  • Humanities & Languages · 3
  • Technology & Computing · 3
  • Health & Medicine · 2
  • Science & Math · 2
  • Communications & Media · 1
  • Trades & Applied Technology · 1

Highest-earning majors at Thomas College

MajorEarnings, 4 yrsMedian debt
Computer Science$76,089—
Accounting$65,028$27,000
Criminal Justice$54,649$27,000
Business Administration$52,490$23,707
Kinesiology / Exercise Science$51,014$27,000
Psychology$49,253$27,000
Education (Elementary / Secondary)$46,988$27,000
Quick list of all 29 majors
  • Accounting$65,028
  • Applied Mathematics—
  • Business Administration$52,490
  • Computer and Information Sciences—
  • Computer Science$76,089
  • Criminal Justice$54,649
  • Education—
  • Education (Elementary / Secondary)$46,988
  • Education (Subject Teaching)—
  • English—
  • Entrepreneurship—
  • Environmental Science / Conservation—
  • Finance—
  • Homeland Security—
  • Hospitality Management—
  • Human Resources—
  • Information Technology—
  • Intelligence, Command Control and Information Operations—
  • Interdisciplinary Studies—
  • International Business—
  • Kinesiology / Exercise Science$51,014
  • Liberal Arts / General Studies—
  • Marketing—
  • Mental and Social Health Services and Allied Professions—
  • Political Science—
  • Psychology$49,253
  • Psychology (Clinical / Counseling)—
  • Public Relations and Advertising—
  • Security / Homeland Security—

— means too few graduates to report earnings.

College Scorecard field of study, latest release

All majors by area with earnings 1 and 4 years out, and debt →

Business Administration → Management analyst

$75,530
Maine
$101,860
U.S.

Median annual wage for all workers in this job, not only new graduates. U.S. jobs projected to grow 10.1% from 2025 to 2035.

BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35

Criminal Justice → Police officer

$67,050
Maine
$76,210
U.S.

Median annual wage for all workers in this job, not only new graduates. U.S. jobs projected to grow 3.5% from 2025 to 2035.

BLS Occupational Employment and Wage Statistics, May 2025; Employment Projections 2025-35

Living in Waterville

Off-campus rent, 1 bedroom
$1,050/mo

2 bedrooms $1,374.

HUD Fair Market Rent, FY2027

Weather
29° / 80°

January and July average highs. 43 inches of rain a year, 86 inches of snow.

NOAA Climate Normals 1991-2020

Natural hazard risk
Relatively Low

Highest: winter weather (very high).

FEMA National Risk Index, Kennebec County

Campus & students

Total enrollment (incl. graduate)1,669
First-year students from Maine77%
Next most common home statesNew Hampshire, Massachusetts, Connecticut
AthleticsNCAA Division III without football · 12 sports
Undergraduate degrees awarded, 2023-2496% bachelor's · 4% associate
Campus typeHighly residential
Student bodyWhite 68% · Black 4% · Two or more 3% · Hispanic 2%International 7%

IPEDS fall enrollment; Carnegie Classification; EADA via Urban Institute

Kennebec County at a glance

Population126,808
Median household income$69,077
Adults with a bachelor's degree32%
Median age44

U.S. Census Bureau, ACS 5-year 2024

Compare Thomas College with similar schools

Similar private colleges in Maine by selectivity, graduation rate and size. Tap “Why?” to see where the price difference comes from.

SchoolAcceptanceYou'd payGraduationEarnings, 10 yrsPrice gap
Thomas College96%$18,88554%$44,991This school
Saint Joseph's College of Maine84%$27,55566%$59,045
Maine College of Art & Design76%$38,33852%$40,778
University of New England92%$38,10768%$55,921
Husson University81%$21,00559%$45,025

College Scorecard, latest reported year. “You'd pay” follows your residency and income choices above.

Why the price is different

Thomas College would cost you $8,670 less per year than Saint Joseph's College of Maine, on average.

  • Lower sticker price at Thomas College, mostly from lower tuition & fees (−$12,596).
  • Saint Joseph's College of Maine gives aided families $3,914 more in grants, on average.
Per year, Maine residentThomas CollegeSaint Joseph's College of MaineDifference
Tuition & fees$31,824$44,420−$12,596
Books & supplies$800$1,200−$400
Housing & meals$13,678$14,936−$1,258
Personal & travel$2,900$1,700+$1,200
Living-at-home adjustment−$2,004−$2,474+$470
Sticker price$47,198$59,782−$12,584
Average grants−$28,313−$32,227+$3,914
You pay$18,885$27,555−$8,670

“+” means Thomas College costs more; “−” means it costs less. Grants are the sticker price minus the net price. Cost items: IPEDS, on-campus budget. Sticker and net price: College Scorecard, latest reported year; the adjustment reconciles the two. Net price is an average for first-time, full-time students receiving federal aid, not a quote.

Common questions about Thomas College

What is the Thomas College acceptance rate?

Thomas College accepts 96% of applicants (College Scorecard). In the latest IPEDS admissions year, 828 of 853 applicants were admitted.

How much does Thomas College cost per year?

The sticker price (cost of attendance) is $47,198 a year. After grants and scholarships, students receiving federal aid pay $18,885 a year on average; families earning $0–30k pay $12,655 and families earning $110k+ pay $26,770.

How much do Thomas College graduates earn?

Former Thomas College students earn a median $44,991 ten years after starting college, compared with a U.S. median of $53,263 across the colleges we cover.

What is the Thomas College graduation rate?

54% of first-time, full-time students graduate within six years, and 77% return for their second year.

How long does a Thomas College degree take to pay off?

For a family earning $48–75k, finishing at Thomas College costs about $66,855 after grants ($16,227 a year for 4.1 years, the average time graduates took). Former students earn a median $44,991 ten years after starting, $8,330 more than high school graduates in Maine ($36,661), so the cost is repaid in 8.0 years of that gain, before taxes and interest (EducationGuide calculation).

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Sources on this page: U.S. Department of Education College Scorecard and IPEDS; U.S. Census Bureau (ACS); Bureau of Labor Statistics (OEWS, Employment Projections); Bureau of Economic Analysis; HUD; NOAA; FEMA; Urban Institute Education Data Portal (ODC-By); Wikidata. “Colleges we cover” means colleges awarding bachelor's degrees to at least 100 undergraduates. Averages are not quotes; confirm costs with the school. How we score
Data: download this school's data (JSON) · Markdown · all datasets
Cite this: “Thomas College: cost, admissions and outcomes,” EducationGuide.com, https://educationguide.com/colleges/thomas-college (College Scorecard and IPEDS data).