How much is your diploma worth? Money magazine creates a new college ranking system
Hongqi Zhang, Getty Images/iStockphoto
Money magazine took a new look at college ranking and assessed the monetary value of a diploma as the indicator of the best university.
Using a calculation equally balancing quality, affordability and return on investment, Money magazine found Babson College in the No. 1 slot. Harvard, which usually graces the top spot on U.S. News and World Report’s famed list, didn’t even make the top five. Princeton University, Harvard’s biggest rival for No. 1, ranked fourth on the Money list.
Money’s list is creating buzz in the student debt-frenzied media climate. After the Obama administration’s promise to look at the rising costs of higher education, Money’s ranking is proving tough competition for U.S. News and World Report.
"What makes the list competitive," Angela Davies told The Boston Globe, "is that it doesn't just look at the quality of education, it looks at how likely alumni are to get hired and how quickly they typically take to earn back their tuition."
“The mark of a good new college rankings system — or, at least, an interesting one — is a deft combination of familiarity and surprise,” The New York Times’ Kevin Carey wrote. “Publish a list of nothing but unknown colleges and you lose credibility. Simply replicate the U.S. News hierarchy and you haven’t done anything worthy of attention.”
The top 10 is reminiscent of traditional lists in that you’ll see Princeton, Stanford and MIT, but it also includes surprises and some unheard of universities like Mudd College, Babson College and Webb Institute.
EMAIL: email@example.com TWITTER: @NicoleEShepard
- The cost of child care trumps rent —...
- 11 guaranteed steps to cut family spending
- My view: Utah should not raise minimum wage
- Balancing act: To keep employees, focus on...
- Warehouse clubs: Where to find the savings
- 40 percent tax on employer insurance primed...
- 3 reasons you should crowdfund your business
- Dave Ramsey says: Charging off a debt doesn't...
- My view: Utah should not raise minimum... 46
- 40 percent tax on employer insurance... 22
- Warehouse clubs: Where to find the savings 8
- A multigenerational hit: Student debt... 3
- The cost of child care trumps rent... 3
- Balancing act: To keep employees, focus... 2
- Want to see if your relationship will... 2
- 11 guaranteed steps to cut family spending 2