Money ranks US colleges based on bang for the buck

August 19, 2014

Money magazine has released its list of the US’s “best colleges for your money.” The magazine describes its list as “the first list of colleges that combines the most accurate pricing estimates available with estimates of likely earnings that take into account a student’s economic background, test scores, and major.” With its rankings, Money hopes to offer students and parents insight into “real value for their tuition dollars” and into which colleges most enhance earning potential. The rankings consider 18 factors divided into 3 primary categories: quality of education, affordability, and outcomes. Schools were scored based on six-year graduation rate, instructor quality, graduation rate, net price of a degree, student loan default risk, and post-graduation earnings, among other factors. Based on these criteria, the top college in the US is not Harvard or Yale but Massachusetts’ Babson College, a small college focused on business and entrepreneurship. The Webb Institute (New York), MIT, Princeton, and Stanford round out the top 5. Money