SRU among “America’s Best Bang for the Buck Colleges”
Oct. 21, 2015
SLIPPERY ROCK, Pa. - Slippery Rock University has been named among "America's Best Bang for the Buck Colleges" in the northeast by the Washington Monthly in their new book, "The Other College Guide: A Roadmap to the Right School for You."
SRU, which earned an overall score of 10 out of 15 points, was ranked No. 42 among 402 institutions located in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont.
The Washington Monthly used five measures in their Best for the Buck ranking methodology:
• Student loan default rate: The average two-year default rate from the 2008-2009 through 2010-2011 academic years.
• Graduation rate: The average six-year institutional graduation rate for first-time, full-time students from 2010 through 2012.
• Graduation rate performance: The graduation rate prediction formula that uses data from 2010 to 2012 and includes the percentage of Pell Grant recipients and students receiving student loans, the average ACT/SAT score, the admit rate, the racial/ethnic and gender makeup of the student body, the number of students (overall and full-time), and institutional characteristics such as whether a college is primarily residential.
• Percent Pell Grant students: This measure uses the percentage of undergraduates receiving Pell Grants in the 2009-10 through 2011-12 academic years as a proxy for a college's effort in serving a socioeconomically diverse population.
• Net price of attendance: This measure reflects the average price for the 2009-10 through 2011-12 academic years (tuition, fees, room and board, and other expenses minus any grant aid received) that students receiving any grant aid from the institution, state and/or federal government should expect to pay for college.
According to Washington Monthly editors, "Colleges received a score from zero to 15 points by adding together their scores on all five of the measures. Colleges that received the same score were then ranked by the net price of attendance."
"Schools that made the list are the best value for your money based on "net" (not sticker) price, how well they do graduating the students they admit, and whether those students go on to earn at least enough to pay off their loans," the editors noted.
"We're very proud to be included in the "America's Best Bang for the Buck Colleges" ratings," said Cheryl Norton, SRU president. "This rating provides yet another validation of the great work we are doing at Slippery Rock University to deliver a high-quality education at an affordable price. There's no doubt that we provide great value to our students."
Pennsylvania's State System of Higher Education institutions joining SRU in the top 50 schools in the northeast include: East Stroudsburg University, Shippensburg University and Bloomsburg University. Each of the institutions earned an overall score of 10.
"The Other College Guide" provides a set of guidelines to help students find the right school and excel once they get there, editors said.
"The guide ranks schools based on the best available data on what really matters: which schools will charge you a fair price and not bury you in debt? Which help students graduate? Which provide degrees that allow you to earn a decent income? In a system that's confusing and full of trap doors, "The Other College Guide" is a source of real information designed to help students navigate the process safely and successfully."
A complete list of all 402 universities included in "The Other College Guide's" northeast rankings can be found at: http://www.washingtonmonthly.com/college_guide/rankings-other-college-guide/best-bang-for-buck-northeast-rank.php
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