Listing Criteria Includes Quality, Affordability and Outcomes
MONEY magazine listed Wilmington College in its 2017 Best Colleges for Your Money issue on the basis of quality of education, affordability and outcomes.
WC was listed among colleges and universities from across the United States that met MONEY’s requirements. The project looked at 2,400 American institutions of higher learning.
In making the initial cut, some 711 schools satisfied the basic requirements that included having a minimum of 500 students, sufficient reliable data to be analyzed, not being in financial distress and having a graduation rate that was above the median for its institutional category as a private or public school.
Those institutions were subsequently ranked on 27 factors reflecting quality, affordability and outcomes. Mark Schneider, vice president at the American Institute for Research and president of College Measures, consulted with MONEY on the project.
Some of the criteria used to measure quality included a minimum six-year graduation rate, student-to-faculty ratio and the institutions’ yield rate, which gauges the percentage of accepted students who enroll. The affordability factor featured such criteria as net price, average student debt and affordability for low-income students. The outcomes criteria measured graduate earnings and socioeconomic mobility index, which reveals the percentage of students who move from low-income backgrounds to upper-middle class jobs by the time the graduate is 34 years old.BACK