Midway University
Private College in Midway, KY. Six-year graduation rate 45%. Median 10-year earnings $44,246.
Students who entered Midway University land at a median of $44,246 a decade later, close to what most four-year schools deliver. The six-year graduation rate is 45%, meaning about one in two students who start do not finish. Median debt at graduation is $21,301, roughly typical for an undergraduate degree.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
Midway University admits 95% of applicants — effectively open admission, so the application is a formality rather than a hurdle. Only 1,071 students applied, so treat these rates as directional — small pools swing sharply between cycles. 23% of those admitted enroll, which is unremarkable in either direction. Read the score bands below narrowly: only 3% of enrolled first-years submitted an SAT score, and test-optional applicants are not represented in them.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 570–590 | 7 (3%) |
| SAT Math | 530–580 | |
| ACT Composite | 20–25 | 73 (31%) |
IPEDS Admissions · 2024
Apply at Midway University →Academics
45% graduate within six years — average, but that average still hides a large group who do not. Retention of 68% means a meaningful slice of each entering class does not return. Retention and completion are close, which places the gap between entering and finishing almost entirely in year one. A 29% transfer-out rate accounts for part of that gap: those students left for another institution rather than dropping out, and the graduation rate above counts them as non-completers here. The 15:1 student-faculty ratio is small enough that seminar-sized classes are the norm.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 1,250 degree- or certificate-seeking undergraduates
Average net price — what students actually pay after grant aid — is $30,679 a year, at the high end of undergraduate cost. Income makes less difference than usual: $27,206 at $0–30k, $34,166 at $110k+. Most students get help: 92% receive grants worth $16,223 on average. 60% of students borrow federally, so debt is the norm rather than the exception.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 261 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $27,206 |
| $30–48k | $23,405 |
| $48–75k | $28,160 |
| $75–110k | $32,406 |
| $110k+ | $34,166 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 750 of these 1,250 students, totalling $5,024,264 — an average of $6,699 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Woodford County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)