Obligatory rankings post.
It’s nonsense, little more than a popularity contests. Of course the contestants with more money.
Let us look at what factors that go into the US News rankings that have a direct positive relationship to the income of the students:
- Graduation and retention rate : 22%
- Graduation rate performance: 8%
- SAT scores: 5%
- Average Alumni Giving rate: 3%
- Graduate indebtedness: 5%
Total: 43%
Factors that have an indirect positive relationship (factors that are related to amount of money provided tuition and donations, relative to number of students):
- Faculty resources: 20%
- Financial resources per student: 10%
Total: 30%
Factors with a direct or indirect negative relationship with the income of students’ families:
- Social mobility: 5%
Total: 5%
Factors with unclear relationship (or no relationship) with family income of students:
- High school standing: 2%
- Peer assessment: 20%
Total: 22%.
So 73% of each ranking is the result of how many of their students are from wealthy families.
Let us also look at the assumptions made in the rankings:
Class size index and student/faculty ratio (9%) assume that having smaller classes is an objective measure of “quality”, i.e., that having smaller classes means that every students has a higher likelihood of succeeding.
Faculty compensation (7%) - first, it doesn’t take CoL into consideration, so rural colleges will tend to be at a disadvantage, and it doesn’t take into consideration that there are many factors that attract the best teachers to a college which have little to do with salary. Since the ranking is for the “quality” of these colleges as undergraduate institutions, these should not be ignored, but they are.
The ranking methodology are far better than they were. However, because the differences in the scores are so small, the effects of factors like family income of students has an oversize effect. That is why, for colleges with the same “quality” in everything else, the colleges with the richer students will always be ranked higher. That is why the same popular private colleges whose students are predominantly wealthy will always be ranked at the very top. No matter how good UCLA happens to be, they will always have far more students who drop out for financial reasons than Notre Dame or WashU, and far fewer alumni giving money and in far smaller quantities (which is also the result of having no legacy preference).
There is also the issue of SAT scores which UCLA does not even consider, which affect their rankings.
Of course, the most ridiculous factor of them all remains “Undergraduate academic reputation”. Why? Because it is based on the opinion of administrators. These are people who are rarely, if ever, in classrooms, rarely speak to students, use the most simplistic factors to determine “students success” (including, in many cases, use of websites like “Rate Your Professors”). They are not asking a single actual academic or instructor, just the administrators.
These administrators also usually have absolutely no idea how the undergraduate programs of most other colleges happen to be, but will happily provide their uninformed opinion. This uninformed opinions is then taken by USNews as “expert opinion”, and constitutes 20% of the ranking score of a college.
Finally - administrators are super busy people, and will not fill out these questionnaires unless it will benefit them or their present college. That means that they have a vested interest in giving high scores to the colleges where they may work next, and to provide low scores to other colleges, to push these down in the rankings.
So not only are these scores often not based on factual evidence, but they are also highly biased. This factor alone ruins any meaning these rankings have.
All that being said, college rankings are a fun parlor game, so long as they are not taken too seriously.