Best Valued School
Which school has the best value? Value is what you got for what you had paid. It is about spending less money and getting more than you paid. The more grants the school provides to you, the better value to you. You can always borrow money, but that does not lead you to a better value. This is especially important during current recession.
The No. 1 Best Value for public schools is the University of Virginia. This year’s tuition, fees, room and board totaled $18,499 for in-state students and $37,749 out of state. The average grant UVA offered (including scholarships) totaled $9,531. The average 2008 graduate’s debt was $16,847. At top-rated private college Swarthmore, with 1,480 undergraduates for the 2008-09 year, the total cost is $47,804 (with large portion $36,154 — for tuition). But the average grant is $30,073, this is very attractive. The school did not report the amount of student debt, but at each of the top two campuses, about 70% of students graduated debt-free in 2008.
The Princeton Review’s aim was to determine the average annual cost that a freshman paid for the 2008-09 school year. The selection criteria looked at academics, costs and financial aid, using the most recently reported data from each institution for its 2008-09 academic year. Overall selection criteria included more than 30 factors in three areas: academics, costs and financial aid. Academic ratings were based on student surveys about such issues as professors’ accessibility and class sizes, as well as institutional reports about student-faculty ratios and percent of classes taught by teaching assistants. The financial aid rating is based on a combination of school-reported data and student surveys. Tuition, room and board, and required fees, as well as book costs and other factors, are included in the financial measurement.
The TOP 10 best value schools from Princeton Review are listed below.
PRIVATE School;
1. Swarthmore College (Swarthmore, Pa.)
2. Harvard College (Cambridge, Mass.)
3. Princeton University (Princeton, N.J.)
4. Rice University (Houston, Texas)
5. Yale University (New Haven, Conn.)
6. Williams College (Williamstown, Mass.)
7. Amherst College (Amherst, Mass.)
8. California Institute of Technology (Pasadena)
9. Pomona College (Claremont, Calif.)
10. Stanford University (Stanford, Calif.)
PUBLIC School
1. University of Virginia (Charlottesville)
2. New College of Florida (Sarasota)
3. College of William & Mary (Williamsburg, Va.)
4. State University of New York-Binghamton
5. Florida State University (Tallahassee)
6. North Carolina State University (Raleigh)
7. University of California San Diego
8. City University of New York — Hunter College (New York, N.Y.)
9. University of Georgia (Athens)
10. The College of New Jersey (Ewing)