College Admissions: President Obama's College Scorecard Rankings

Cristiana Quinn, GoLocalProv College Admissions Expert

College Admissions: President Obama's College Scorecard Rankings

Amidst pressure from colleges and academic advisors, President Obama’s College Scorecard website declined to publish ratings for colleges this week. Opponents argued that the rankings should be left to news entities like U.S. News and Forbes, and that College Scorecard rankings would be based primarily on financial information vs. a larger set of data points used in major ranking formulas. Instead, College Scorecard decided to publish earnings information for students 10 years out of college who received aid. 

In Massachusetts and Rhode Island, there were some big winners and losers for earnings. Massachusetts College of Pharmacy and Health Sciences posted the highest average at $$116,400. MIT followed at $91,600 and Harvard ranked third at $87,200. In Rhode Island, Bryant topped the list with average earnings 10 years out of $61,900. Brown and Providence College came in neck and neck at $59,700 and $59,600 respectively. It’s important to note that more than 40% of students nationally do not receive aid, and their incomes were not included in this data.

Posting the highest annual cost for colleges in Rhode Island was RISD at $40,306. Similar arts and music focused institutions in Massachusetts: the Boston Conservatory, School of the Museum of Fine Arts and Berklee College of Music came in between $39,000 and $44,000 per year. Elite private institutions like Harvard and Brown had the lowest cost for families with incomes under $30,000. Brown charging those students approximately $5,000 per year and Harvard just under $4,000. However, grads from Harvard averaged just $6,000 in debt vs. $16,000 for Brown grads.

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Although published on many other college websites, CollegeScorecard also contains data on 4 year graduation rates and first year retention rates—statistics that should be on college bound families’ minds since a 5th year of college can drive up overall costs and debt dramatically. Not surprising, elite colleges like Amherst, Williams, Brown and Harvard all boast 95% plus graduation rates at 4 years. Meanwhile, many state colleges and less competitive private institution hover around 45-65% for 4 year graduation rates, with many state 2 year colleges coming in around 20%. Critical to consider in these numbers is that state university students are often trying to balance jobs and school, causing them to leave for a period of time to save money for tuition. 

Diversity data, average SAT scores and part-time/full-time statistics are also available on the government’s website. Overall College Scorecard delivers value for families seeking a relatively unencumbered way to find financial information on colleges. However, it is just one piece of the puzzle and should be used in conjunction with other research materials.  In the end, cost is one factor to consider for college, but also important are class size, majors offered, cultural fit and support services.

Cristiana Quinn, M.Ed. is the founder of College Admission Advisors, LLC which provides strategic, college counseling and athletic recruiting services for students. http://www.collegeadvisorsonline.com/.

New England College Super Rankings 2014

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