Six schools in Indiana are among the top 200 “Colleges That Pay You Back.” Princeton Review ranked the colleges and universities based on 40 factors including academics, cost, alumni salaries and job satisfaction. The schools from Indiana on the list are:
Rose-Hulman Institute of Technology
University of Notre Dame
February 6, 2015
NEW YORK (February 3, 2015) – The Princeton Review (www.princetonreview.com) today released a new book and online resource that addresses two of the major concerns of college applicants and their parents: paying for college and graduating with a good job and paycheck.
Colleges That Pay You Back: The 200 Best Value Colleges and What It Takes to Get In — 2015 Edition (Penguin Random House / Princeton Review, $21.99, February 3) is a one-of-a-kind guide to the nation's academically best and most affordable colleges that also have excellent records of alumni employment.
The Princeton Review — widely known for its test prep and academic tutoring services as well as its dozens of categories of college rankings — developed a unique “Return-on-Education” (ROE) rating to winnow its list of colleges for this book. ROE measures 40 weighted data points. Everything from academics, cost, financial aid, and student debt to statistics on graduation rates, alumni salaries and job satisfaction.
“We strongly recommend these schools. They deliver outstanding academics while working to be affordable to students with need — offering generous financial aid or charging a relatively low cost of attendance (or both),” said Robert Franek, The Princeton Review's Senior VP/Publisher and lead author of Colleges That Pay You Back. “Plus their students graduate with great career prospects.”
The Company based its ROE rating on data collected in 2013–14 from its surveys of administrators and students at 650 colleges, plus surveys conducted by PayScale.com through April 2014 of alumni of the same schools.
Profiles of the 200 colleges that made the book — plus its primary ranking list of 50 schools that received the highest ROE rating and six additional new ranking lists — are available at www.princetonreview.com/colleges-pay-you-back.
On the list, “Top 50 Colleges That Pay You Back,” the top five colleges are:
The Cooper Union for the Advancement of Science and Art (New York, NY)
Massachusetts Institute of Technology (Cambridge, MA)
Harvey Mudd College (Claremont, CA)
Stanford University (Palo Alto, CA)
Princeton University (Princeton, NJ)
The six additional ranking lists each name the top 25 colleges in special categories. The categories and #1 schools on those lists are:
“Best Financial Aid” — Vassar College (Poughkeepsie, NY)
“Best Career Placement” — Harvey Mudd College (Claremont, CA)
“Best Schools for Internships” — The George Washington University (Washington, DC)
“Best Alumni Network” — Clemson University (Clemson, SC)
“Best Schools for Making an Impact” — Wesleyan University (Middletown, CT)
“Top Colleges That Pay You Back (Even If You're Not Eligible for Need-Based Financial Aid)” — Harvey Mudd College (Claremont, CA)
The 2015 “Colleges That Pay You Back” project is an expansion of The Princeton Review's annual “Best Value Colleges” list and book first published in 2004. Franek noted that the Company expanded the project in response to concerns it heard from college applicants and their parents on its 2014 “College Hopes & Worries Survey” (www.princetonreview.com/college-hopes-worries). “While 100% of our nearly 15,000 respondents viewed college as ‘worth it,’ worries about college costs and job prospects were deep. Eighty-nine percent said financial aid would be ‘very necessary’ to afford college, and 42% said their final school choice would be the college ‘best for the student's career interests.’”
The schools in Colleges That Pay You Back offer excellent choices for such applicants.
At the 77 public colleges in the book the:
average cost of attendance (sticker price minus average grant) for in-state students receiving need-based aid is $11,900.
Among the 200 colleges (publics and privates) in the book the:
average grant to freshmen with need is $22,600,
median starting salary of graduates is $48,700: the median mid-career salary is $91,300,
percent of alumni reporting “high satisfaction” in their jobs and careers is 71%.
Colleges That Pay You Back also has a list of “Great Schools for the 38 Highest Paying Majors” and profiles of nine schools that are tuition-free. It is one of 150 Princeton Review books in a line published by Penguin Random House. Others include The Best 379 Colleges, known for its college rankings in 62 categories, and Paying For College Without Going Broke, an annually updated financial aid guide with strategies to maximize aid eligibility.
About The Princeton Review
The Princeton Review is a leading academic tutoring, test preparation and college admission services company. Every year, it helps millions of college- and graduate school-bound students achieve their education and career goals through online and in person courses delivered by a network of more than 4,000 teachers and tutors and its more than 150 print and digital books published by Penguin Random House. The Princeton Review is headquartered in New York City and is an operating business of IAC. For more information, visit www.princetonreview.com and www.facebook.com/ThePrincetonReview. Follow the Company's Twitter feed @ThePrincetonRev
Source: The Princeton Review
February 5, 2015
TERRE HAUTE, Ind. – Rose-Hulman Institute of Technology has been designated a best overall bargain based on cost, financial aid, and career placement among America’s most academically outstanding colleges, designated in The Princeton Review’s new book and online resource, Colleges That Pay You Back (www.princetonreview.com/colleges-pay-you-back).
The Princeton Review developed a Return-on-Education rating that measured academic quality, cost, financial aid, graduation rates, alumni salaries, and alumni job satisfaction.
Rose-Hulman was ranked in the following categories:
-No. 5 for Best Career Placement
-No. 8 for Colleges That Pay You Back, even if a student is not eligible for need-based financial aid
-No. 20 among the Top 50 overall Colleges That Pay You Back
Colleges joining Rose-Hulman in the Top 50 overall payback list included Massachusetts Institute of Technology, Stanford University, Princeton University, California Institute of Technology, Harvard College, Yale University, Vanderbilt University, Cornell University, Duke University, and Georgia Institute of Technology.
A profile in the book states Rose-Hulman is “one of the top undergraduate engineering schools in the country,” and seeks to “create a ‘collaborative’ environment that sends its graduates into the real world with the tools needed to secure employment.”
In regard to career placement, The Princeton Review’s 2013-14 campus report included student remarks that Rose-Hulman has “a job placement rate and average starting salary that are amazing,” and “the opportunities for gaining experience in your field of study are endless.”
More than 400 companies participated in Rose-Hulman’s three career fairs during the 2013-14 school year, 123 companies conducted on-campus job interviews, and 675 companies posted jobs and requested resumes. Ninety-one percent of Rose-Hulman’s 2014 graduates were placed by commencement, with an average accepted salary of $67,417.
This year, nearly 60 percent of the 2014 graduating class already has accepted offers to begin full-time employment following commencement, noted Kevin Hewerdine, director of career services and employer relations. Hewerdine expects the placement rate to be at the historic rate of 92 per