Candice Johnston, dean of students, said that the student, who is a resident adviser in a dorm, was outside in a lighted area when a man approached her. The man took her cell phone and jewelry, then fled, said the dean.
Raleigh, State Capital and campus police responded but did not find a suspect. No arrests have been made.
The student, whose name hasn't been released, was uninjured but shaken up, Johnston said. She has gone home to family and is doing well.
Police are also investigating a number of vehicle break-ins on campus earlier Thursday.
Johnston said that authorities spoke to students and said this is an uncommon crime on the campus. They reminded students of safety tips, such as staying in lighted areas, traveling in groups, carrying a cell phone and letting people know their destination.
Johnston said that Peace College has security measures such as a 24-hour police presence, security cameras and sign-in logs and card readers at buildings.