An international publication has released its inaugural U.S. college rankings and three schools in Indiana are among the top 100. The list from The Economist is designed to determine the economic value of colleges and universities.

It considers factors that the publication says help figure "the economic value of a university is equal to the gap between how much money its graduates earn, and how much they might have made had they studied elsewhere." The data were derived from nearly 1,300 four-year schools in the U.S. Department of Education’s recent "college scorecard" and estimated earnings figures the authors say they ran through a multiple regression analysis.

More specific factors the publication chose to help pare down the pool of colleges include average SAT scores, sex and race breakdown, size and type (public or private) of the school and which subjects students studied.

The Economist says the list of schools is limited in some aspects, including its reliance on federal aid applicants and its 10 year earnings cut-off.

Indiana colleges were ranked as follows, with expected earnings and median earnings in parentheses:

23. Rose-Hulman Institute of Technology ($70,532/$78,900)

75. Butler University ($46,780/$52,400)

97. Wabash College ($44,721/$49,900)

193. University of Notre Dame ($66,059/$69,400)

226. DePauw University ($44,883/$47,800)

312. Saint Mary’s College ($43,506/$45,600)

338. University of Indianapolis ($39,693/$41,600)

358. Franklin College ($39,249/$41,000)

393. Holy Cross College ($34,816/$36,300)

432. Hanover College ($43,182/$44,400)

479. Manchester University ($37,023/$38,000)

487. Indiana University-Bloomington ($44,380/$45,300)

551. Ball State University ($38,495/$39,000)

572. Purdue University-Main Campus ($52,267/$52,600)

731. Indiana University-Northwest ($36,613/$35,900)

744. Marian University ($41,203/$40,400)

783. Indiana University-Southeast ($35,061/$34,000)

792. University of Saint Francis-Fort Wayne ($41,111/$40,000)

794. Indiana State University ($37,120/$36,000)

808. University of Southern Indiana ($36,715/$35,500)

871. Indiana University-Kokomo ($35,254/$33,600)

885. Anderson University ($37,645/$35,900)

888. Indiana University-South Bend ($35,564/$33,800)

895. Huntington University ($37,316/$35,500)

922. Valparaiso University ($50,146/$48,100)

959. Indiana University-Purdue University-Indianapolis ($41,425/$39,100)

962. Grace College and Theological Seminary ($35,563/$33,200)

966. Goshen College ($38,693/$36,300)

976. Indiana University-East ($31,540/$29,100)

1038. Indiana Wesleyan University ($48,937/$46,000)

1070. Oakland City University ($36,958/$33,700)

1100. Bethel College-Indiana ($39,998/$36,500)

1132. Indiana University-Purdue University-Fort Wayne ($39,845/$35,900)

1134. University of Evansville ($43,969/$40,000)

1140. Purdue University-Calumet Campus ($42,226/$38,100)

1149. Saint Josephs College ($44,087/$39,800)

1184. Trine University ($47,396/$42,600)

1195. Taylor University ($43,706/$38,600)

1212. Saint Mary-of-the-Woods College ($35,581/$30,200)

1220. Purdue University-North Central Campus ($40,968/$35,200)

1272. Earlham College ($42,902/$32,300)

The Economist says "for students who want to know which colleges are likely to boost their future salaries by the greatest amount, given their qualifications and preferences regarding career and location, we hope these rankings prove helpful. They should not be used for any other purpose."

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