Money magazine joined with Mark S. Schneider, a vice president at the American Institutes for Research and a former commissioner of the Department of Education’s National Center for Education Statistics to identify institutions with ‘great value’. The list ranks 665 colleges according to 17 factors in three categories:
- “Quality of education” includes each college’s six-year graduation rate, student-to-faculty ratio, and a “value-added” graduation rate, which reflects the difference between the actual rate and the expected rate based on students’ academic and economic backgrounds.
- “Affordability” includes borrowing by students and parents, student-loan default rates, and estimates of the average net price of a degree (based on a college’s sticker price, total institutional aid, tuition inflation, and average time to graduation).
- “Outcomes” includes various measures of early- and mid-career earnings, based on raw data from Payscale.com.
Very different list than other rankings! Worth looking at here.