Princeton Review's top 10 Best Value Colleges in the country

<p>Adad - a high school guidance counsleor was trying to sell our family on private colleges and OOS tuition and gave us that line about education and quality of life. She said to our daughter, "go to the school that makes you happy for 4 years". Well, if those 4 years result in a debt load that keeps a graduate from buying a car or a house, eating an occasional lunch out or even being able to get your teeth cleaned once a year after you are in the working world, that 4 years of happiness can result in a 30 year working life of misery. Unless you are rich enough to not worry about $250,000 ( a fleet of ten mini vans for referencee) happiness from a college is very much a function of its cost.</p>

<p>In today's world, where defined benefit pensions are a thing of the past and where coprorations bring hundreds of thousand of low paid workers over on H series visas, students who are even successfull chemical engineers, scientists,regional sales managers, and controllers in the Fortune 1000 do not have the earning power anymore to support large college debt loads.</p>

<p>The reality is that most students without specialized educational needs, can be happy, find peer groups, and get great educations at dozens of schools.</p>

<p>Income weighs much more heavily than assets when determining financial need. An income of around $100K/year or above generally results in a relatively high EFC. Assets don't add that much: $100,000 in assets increases EFC by under $5600/year (there's an asset protection that gets subtracted out first). This is assuming the college uses FAFSA only. Profile schools are very different.</p>

<p>With reference to savings in the child's name, this is relatively easily "fixed" by opening a child-owned 529 account and transferring the child's assets (assuming cash, stock and mutual funds*) into the 529. This turns an asset that's assessed by FAFSA at the rate of 20%/year into an asset that's assessed at 5.6%. Problem solved.</p>

<p>And speaking of a fleet of mini vans - I read somewhere recently that paying $50,000/year for college was like buying a new BMW and rolling it off a cliff every year...what an image...</p>

<ul>
<li> transfer must be made as cash, so stock and mutual funds must be liquidated first.</li>
</ul>

<p>toast eater: I think that we agree. My reaction to that list was that it is highly questionable to think of Harvard as a "best value". Harvard and the like are expensive. Does one get what one pays for there? Or is there a better "value", education per dollar if you will, at many other places?</p>

<p>I tend to think the latter, for cost reasons and, quite often, for educational reasons as well. This is why on CC I urge against taking on significant debt to go to a brand-name college.</p>

<p>Edited to add: and I pretty much always agree with mini (#42) on this issue! :)</p>

<p>"Income weighs much more heavily than assets when determining financial need."</p>

<p>And the reasons for that are two-fold: 1) Higher incomes make it far more likely for parents to acquire savings AFTER the student's college days are over (and hence loans can be paid off in inflation-discounted dollars), and 2) Considering assets more heavily might drive away more "close-to-full-freight" customers, the very customers which are private colleges' bread and butter.</p>

<p>I'm so happy this came out after the UVA deadline</p>

<p>UVA and William and Mary are my top two choices...woot for good value</p>

<p>Great list! Glad to see Rice high up on the list.</p>

<p>ADad - I have two kids at Harvard; family income around $100K. My two kids each go there for less than the cost of room, board and fees AFTER full-tuition scholarships at our in-state public flagship university (about $10K each). The school then lavishes study abroad grants on them, allowing them to study and live abroad during the summer for a cost that's smaller than it would be to live on their own in the States. My older daughter was looking at an internship in a South American country last fall, and the Latin American Studies office gave her two sets of phone numbers and e-mails. "This one is for the President of the Harvard Club in that country, and this one is the Vice-President's number" she was told. "The Vice President of the Harvard Club?" she asked. "No, the Vice President of the country." I once mentioned to the Harvard Financial Aid Office that it was a shame to have to give them all the outside scholarships my kids had found since their aid had been so generous. "Well," the financial aid officer told me, "call the sponsor of the scholarship and see if they want to designate it for something other than what's covered by tuition, room, and board." "You'll let us do that?" I asked? "We'll honor whatever stipulations the donor wants to make," she said. "You might want to see if they'd be willing to delay the scholarship until a later year when your daughter might need it more." Wow. I've got no complaints about Harvard from a value standpoint.</p>

<p>To an earlier poster: Colleges presume families with an income above $150,000 would have been able to save for their college needs, not that they would be able to pay out $50,000 cash or 1/3 every year from that income.</p>

<p>Too bad, however, if that nice looking income figure is just for the past few years....</p>

<p>Just was looking through this post and I think you have to look at the methodology before making any judgments. I haven't read their methodology yet but here it is just for reference:</p>

<p>Best Value Colleges Methodology</p>

<p>The schools that made our “Best Value Colleges” list all retain similar qualities – they’re able to provide stellar academics with a modest price tag. Indeed, students who attend these universities don’t feel as though they have to mortgage their future just to enroll.</p>

<p>Colleges were selected based upon institutional data and student opinion surveys collected from the fall of 2007 through fall of 2008. Broadly speaking, the factors we weighed covered undergraduate academics, costs and financial aid. Additionally, we considered the percentage of graduating seniors who borrowed from any loan program and the average dollar amount of debt those students had at graduation.</p>

<p>Following are the breakdown of ratings:
Academic Rating</p>

<p>To create this rating, we combine students’ opinions about the education they receive with a number of statistics (including admissions data) reported to us by each school. The admissions stats highlight how difficult it is to gain acceptance. The vast amount of student opinion data that we collect from current students tells us everything else. Are students known to pick up a book now and again? Can the professors teach, or do they manage to suck every crumb of life from the materials? Are professors accessible outside of class? Do students spend most of their class time in auditoriums with 500 strangers listening to a guy with a microphone, or in small classrooms with a dozen or so of their new best friends?
Financial Aid Rating</p>

<p>This rating is also based on a combination of school-reported data and student opinion. We ask schools about the amount of need-based aid they give students. We then ask students how happy they are with their award packages. Very few students, it seems, are ever totally elated about their financial aid packages and the service (or lack thereof) that offices of financial aid provide. Nevertheless, students at some schools are a lot happier than students at other schools.
Tuition GPA (or the Real Cost of College)</p>

<p>We start with the sticker price of each college’s tuition, required fees and room and board, and subtract the average gift aid (scholarships and grants) awarded to students. We don’t subtract work-study or student loans, since those are costs that students ultimately have to bear. Next, we take all of this data and stir it up in an algorithm based on the idea that bang for your buck means excellent academics, great financial aid and/or low tuition. Simply put, it means value.</p>

<p>Of the more than 650 schools we analyzed, the 100 institutions ultimately chosen stood out as the very best academic value. This was demonstrated in one of two ways: either by offering a very affordable tuition sticker price right off the bat (some schools even do the seemingly impossible: charge $0 for tuition, though there still may be some required fees to take care of) while also delivering a quality education, or by making a higher tuition cost affordable to anyone who is invited to attend. A school does the latter by distributing generous amounts of financial aid in the form of scholarships and grants, possibly combined, to a lesser degree, with work-study and loans. The schools we present here make measurable efforts to keep out-of-pocket costs reasonable and within reach while delivering an amazing college experience that’s worth every penny.</p>

<p>Basically, if your gross family income is more than 150k, you s.o.l? As concieted as this may sound, I do not think that is completely fair. Sure they should not be offered a great package, but everyone needs aid. One potentially could need to shell out 55k for one year of college, and a family making roughly 150k certaintly cannot do such as it is slightly over 1/3 of their total income.</p>

<p>Most certainly can, but not out of current income. As to whether there is "value" in that, value is the eye of the purchaser.</p>

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<p>Yep...and the first question they should be asking is "What are the odds I will get accepted?" The financial aid these schools offer are not any good unless you are able to jump the hurdle of acceptance. Some of these schools accept 10% of the students who apply.</p>

<p>UVA is a great school. What %age of students are accepted from OOS?</p>

<p>It doesn't matter if a school meets full need, and provides 95% of its students financial aid, if you don't or can't get accepted there.</p>

<p>The news report on TV this morning made is sound like everyone should be considering these schools because they are such a financial bargain. I wanted to throw a show at the tv broadcaster.</p>

<p>Yup. It is hardly a great value for all those Pell Grant recipients rejected by many of these schools in favor of a much larger number of students from families with incomes of $150k, where a small grant might entice them to come (and fork over $180k of the $200k price tag in the process.)</p>

<p>well its not like Florida State or NC State are ridiculously hard to get into...</p>

<p>I don't think any school that costs over $50,000 and requires a lot of debt once you leave is a good value. A good value, to me, is a school you can graduate from with no debt or even no cost, or a low enough debt to not limit future prospects.</p>

<p>I don't understand how colleges that do not charge tuition at all (like Cooper Union) are not on this list, while schools that hold strictly to an EFC model that many find unfair or are not willing to pay are considered better values.</p>

<p>I would exclude from the list any school where less than 15% of the student body was on Pell Grants. (But then it would appeal less to Princeton Review readers, who wouldn't have their own pre-existing prejudices confirmed.)</p>

<p>Where, for example, is Berea, with free tuition for everyone, a $700 million dollar endowment, and since about 3/4 of potential applicants are barred from applying because of income, about as difficult to get into as any of the Ivies?</p>

<p>A variation on what Mini would like to see...I'd like to see a list of the most affordable schools that accept about 50% or more of the students who apply...not a list of schools that accept 10-15% of those who apply.</p>

<p>Please correct me if I am wrong, but I believe UVA and W&M have the lowest percentage of Pell Grant recipients of any major public colleges and universities in the country. Doesn't sound like much of "value" to me. (They are good schools, of course.)</p>

<p>Cooper Union is on the list</p>

<p>Here's the full list of schools:</p>

<p>Public Colleges</p>

<p>California State University – Long Beach
City University Of New York – Baruch College
City University Of New York – Brooklyn College
City University Of New York – Hunter College
City University Of New York – Queens College
College Of William And Mary
Florida State University
George Mason University
Georgia College & State University
Georgia Institute of Technology
Indiana University – Bloomington
James Madison University
New College Of Florida
New Jersey Institute Of Technology
North Carolina State University
Purdue University – West Lafayette
Salisbury University
St. Mary’s College Of Maryland
State University Of New York – Binghamton University
Texas A&M University – College Station
The College Of New Jersey
The University Of Alabama – Tuscaloosa
The University Of North Carolina At Asheville
The University Of North Carolina At Greensboro
Towson University
United States Air Force Academy
United States Coast Guard Academy
United States Merchant Marine Academy
United States Military Academy
United States Naval Academy
University Of Arkansas – Fayetteville
University Of California – Davis
University Of California – Irvine
University Of California – San Diego
University Of Central Florida
University Of Colorado – Boulder
University Of Delaware
University Of Georgia
University Of Kansas
University Of Mary Washington
University Of Maryland – Baltimore County
University Of Michigan – Ann Arbor
University Of North Carolina – Wilmington
University Of North Florida
University Of Oklahoma
University Of South Florida
University Of Tennessee
University Of Virginia
University Of Wisconsin – Eau Claire
Virginia Tech</p>

<p>Private Colleges</p>

<p>Agnes Scott College
Amherst College
Babson College
Barnard College
Bates College
Bowdoin College
Brigham Young University (UT)
Bryn Mawr College
California Institute Of Technology
Carleton College
Centre College
Colgate University
Colorado College
Dartmouth College
Davidson College
Duke University
Elon University
Emory University
Franklin W. Olin College Of Engineering
Furman University
Grinnell College
Grove City College
Hamilton College
Harvard College
Harvey Mudd College
Hillsdale College
Lafayette College
Oberlin College
Pomona College
Princeton University
Reed College
Rhodes College
Rice University
Rollins College
Sewanee – The University Of The South
Smith College
Stanford University
Swarthmore College
The Cooper Union For The Advancement Of Science And Art
The University Of Tulsa
Thomas Aquinas College
Trinity College (CT)
University Of Richmond
Vanderbilt University
Vassar College
Webb Institute
Wheaton College (IL)
Whitman College
Williams College
Yale University</p>