MONEY cites SRU among the nation’s best value universities
Sept. 21, 2015
SLIPPERY ROCK, Pa. - Slippery Rock University is among the universities identified by MONEY Magazine as an institution that delivers a great value - that is, a great education, at an affordable price and that helps students launch promising careers.
"We are pleased to be among those universities recognized by MONEY for delivering an affordable, quality education," said Cheryl Norton, SRU president. "We've worked strategically to address affordability issues. We've added 3+3, 3+1 and three-year programs to reduce the time to graduation. We've implemented money management programs so that students learn to make sound financial decisions. We've increased financial aid to improve access while at the same time maintaining and developing academic programs that are fully-accredited and meet rigorous academic standards."
According to MONEY editors, to determine which of the country's roughly 1,500 four-year colleges and universities deliver the most value, they first, "screened out schools with graduation rates below the median and those schools showing signs of financial difficulty--those with speculative bond ratings from Moody's, or those flagged as having financial problems by the U.S. Department of Education."
The remaining 736 colleges were then ranked on 21 factors in three equally weighted categories: educational quality, affordability and alumni earnings from PayScale.com.
The evaluation, editors noted, included a "value added" grade that considered how well students at each school did vs. what would be expected given their economic and academic backgrounds and the institution's mix of majors.
In terms of affordability, the editors considered: merit aid, parent and student borrowing, the length of time to graduate, tuition increases and other measures.
SRU came in at No. 437. Other Pennsylvania State System of Higher Education institutions included in the listing were: Bloomsburg at No. 254; East Stroudsburg at No. 473; West Chester at No. 499; Millersville at No. 516; Clarion University at No. 537; Shippensburg at No. 556; California University of Pennsylvania at No. 598; Kutztown at No. 657, Indiana University of Pennsylvania at No. 681; Mansfield at No. 693; and Lock Haven at No. 700.