“The federal stimulus money that sustained colleges for several years is just about gone. Enrollment keeps climbing, the demand for financial aid remains high, and the average annual tuition increase is heading toward double digits,” the financial magazine reported.
In their report, Kiplinger magazine placed special emphasis on the word “value” and how it is coming to take on a “special resonance,” especially in times of hardship within the world of higher education.
The financial magazine continued on to explain a new methodology behind the actual ranking of the academic institutions. More emphasis is now placed, aside from the acceptance rate and in-state/out-of-state ranking, on the number of students who actually return for their sophomore year, as well as the graduation rate.
“We’ve retooled our rankings to give more weight to criteria we consider crucial to academic value, including the percentage of students who return for sophomore year and the four-year graduation rate,” the report noted.
The numbers provided by Kiplinger do not incorporate the figures behind financial aid, which, in certain cases, makes a college education affordable for a number of families.
— Michael Majchrowicz
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