<p>USNews includes rankings of "Financial Resources" as a category for only the Top 50 Universities and LACs, and defines them as per capita spending on undergraduate education. This year, West Point and Annapolis are listed as LACs, and rank first and third in Financial Resources respectively (the Air Force Academy is not categorized as a LAC). The second-ranking LAC in Financial Resources is apparently not ranked among the top 50 overall. Can anyone suggest an explanation, or do you think it's just a typo?</p>
<p>Just a wild guess, but I wonder if unranked Bryn Athyn College (132 students and an endowment of well over 300M$ isn't #2). In any event, it always has one of the largest per student endowments in the country.</p>
<p>Wouldn't you be surprised if you thought you were going to an LAC and ended up at Westpoint. LOL</p>
<p>I'd never heard of Bryn Athyn, but I'll bet that's it. It's listed as unranked in USNews, but it's in the LAC classification. I tried to find out on its website and on Wikipedia how it came to have such a large endowment as a college serving such a small religious community, but I couldn't find anything about it.</p>
<p>Agreed, weenie - the academies don't fit my image of a LAC either, but apparently they meet the Carnegie classification criteria of being only undergraduate and awarding over half of their degrees in the liberal arts.</p>