Posted on 10/16/2014 2:04:32 PM PDT by grundle
Anybody who studies lists of best colleges is used to seeing Ivy League schools and a few other elite perennials filling the top 10. But in a new list of rankings meant to identify the best colleges for lower-income students, the Ivies are closer to the bottom than the top.
Montana Tech is the No. 1 school in a new “social mobility index” generated by CollegeNet, a higher-education technology company, and Payscale, a compensation-data firm. The SMI rankings are meant to highlight schools that do the best job of helping disadvantaged students graduate with the ability to start a career free of crushing levels of debt. Five criteria determine the SMI rankings: tuition, percentage of the student body from low-income households, graduation rate, salaries of grads once they start working, and the size of each school’s endowment. Here are the top and bottom 10:
(Excerpt) Read more at finance.yahoo.com ...
So, the lower the “disadvantaged rate” the higher the “graduation rate” eh?
I wonder why they only have a 50% graduation rate?
If FAMU is number 3, in anything other than drumline, this list is garbage.
Whew, Florida A&M’s grad rate is like an inter city school of Chicago.
Washington University in St. Louis has $5.2 billion in endowments, and it still charges $45,000 in annual tuition?
It’s a Black school.
A guess at your question (I never heard of the place before)
Their recent grad salary is HIGH (67 grand).
This tells me that many of their majors are in DIFFICULT subjects.
So a good number of youts entering the program don’t make it through.
I think the information is out there for anyone to find a college that is right for him. They just have to really search for it.
Which colleges have a good program in X-topic? What are their costs? What are their admissions requirements? What financial aid?
In a free market - no government money - colleges would be making sure prospective students got this information.
Motto: De Re Metallica
Nickname: “The Ore Diggers”
Where the Culinary Institute screws up is harder to say. Folks do gotta eat. Maybe most of the jobs are in greasy spoons.
It’s not what Harvard teaches. It’s who they admit.
I thought their band was, well, er banned........................
Actually, total cost of attendance at WUSTL is about $65K. As it is with all the major schools. But that's just the MSRP. At Harvard, for example, you gotta have family income of about $250K to pay full list price.
Usually, all these schools figure out just how much they can pick from your pocket without making you die of a stroke on the spot, but without regard to how their tuitions and fees cause long-term devastation of families’ finances. The degree to which a school does this may vary somewhat. Harvard, Princeton, and Yale are usually the least demanding of the higher education industry thieves, in that they are most generous with discounts on the sticker price. But none of them are not thieves.
sitetest
(1) assumes students are paying the book rate for tuition, when average students at elite schools get a huge amount of student aid from the school. Why not look at the actual average cost of college?
(2) Looking at 5 year income is misleading and maybe less interesting than 10 year income. My guess is that a large percentage of Ivy League grads are in graduate school 5 years out - cutting their income in the short term, but increasing it dramatically in the long term. Are you really penalizing a Harvard grad going to medical school and on track to make $600,000 a year as a radiologist for not having any income 5 years out of graduation?
It’s due to the high proportion of matriculating students who are unprepared for academic work.
I am very well aware of that.
I would have been counted in that group when I was doing my undergrad. I don't usually like to point fingers elsewhere, but a big part of me does blame the California school system. I took a dozen "college preparatory" courses in high school promising that they would help me do better when I got to college. Nope! Not a single one taught me how to study and I got my butt kicked in college. Took me 5 years after lots of courses dropped and retaken to finally finish with a 2.2gpa.
The other half of the problem was my own immaturity. Mentally, I just wasn't ready for college, but then you can go back to the whole "college preparatory" thing. I was assured that I would do fine in college so my effort was minimal. Since then, after spending some years in the real world, I am now enrolled in a masters program and getting straight A's.
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