College is outrageously expensive. Four years at an elite, private school like the University of Chicago (#4) or Stanford (#3) costs more than a quarter of a million dollars. A degree from a more affordable state school, like the College of William & Mary (#40) or the University of California, Berkeley (#50), still costs around $100,000, even for “in-state” students, who pay less in tuition.
Is it worth it? For many students, the answer is probably not –unless they are accomplished enough to be accepted by one of the schools ranked near the top of our annual list of America’s 650 Top Colleges.
The rankings, which are compiled exclusively for Forbes by the Washington, D.C.-based Center for College Affordability and Productivity, focus on the things that matter the most to students: quality of teaching, great career prospects, high graduation rates and low-levels of debt. They do not attempt to assess a school’s reputation, nor are they a measure of academic selectivity and we pointedly ignore any metrics that would encourage schools to engage in wasteful spending.
Click here for our full list of America’s Top Colleges
Princeton University (#1) tops the list again, for the first time since 2008. Williams College (#2) slips into second place, after two consecutive years as top dog. Ivy League schools dominate the top ten, claiming three spots in addition to Princeton: Yale (#5), Harvard (#6) and Columbia (#8); Cornell (#51) was the only Ivy not to crack the elite top 50.
Rounding out the top ten are the University of Chicago (#4), a place where undergraduates say “fun comes to die,” West Point (#7), whose cadets pay no tuition, although they must serve on active duty in the U.S. Army post-graduation, Pomona College (#9), one of the seven Claremont Colleges in Southern California and Swarthmore (#10). Excluding service academies, there are five public schools in the top 50, with the University of Virginia (#36) being the highest ranked.
The rankings are based on five general categories: post graduate success (32.5%), which evaluates alumni pay and prominence, student satisfaction (27.5%), which includes professor evaluations and freshman to sophomore year retention rates, debt (17.5%), which penalizes schools for high student debt loads and default rates, four-year graduation rate (11.25%) and competitive awards (11.25%), which rewards schools whose students win prestigious scholarships and fellowships like the Rhodes, the Marshall and the Fulbright or go on to earn a Ph.D. The complete methodology is available here.
Credits:
Edited by Michael Noer and Zack O’Malley Greenburg
Forbes Research: Bethany E. Christie, Michael R. Garfinkel, Robert Mundy, Charlotte L. O’Herron and Noah Schifrin
Rankings by the Center for College Affordability and Productivity (CCAP)
Director Richard Vedder
CCAP Research: Daniel Borzelleca, AJ Cadamagnani, Harrison Cummins, Christopher Denhart, Matthew Denhart, Daniel Garrett, Michael Koslen, Jonathan Leirer, Joshua Leirer, Christopher Matgouranis, Jonathan Robe, Eric Rudel, Andrew Smyser, Katie Smyser, Hannah Urano and Cayla Van Gilder.
Click here to see Forbes/LinkedIn’s ranking of the Most Entrepreneurial Colleges
Ranking 82, Wheaton College (IL) is listed under Massachusetts.
Just as a heads up, the link on the Wheaton College page still links to the one in Massachusetts. The one in Illinois is http://www.wheaton.edu/.
Same here buddy!
Given the recent news about universities inflating career prospects after graduation, I’m interested to see the methodology used to determine career prospects.
It’s very impressive that you were able to “round out” the top 10 schools without mentioning #4.
#3, Stanford is also omitted from the top ten list . . .
Where is Rose Hulman on this list? Considering it has been ranked the top undergraduate engineering school in the country the past 13 years by US News, I would think Forbes could fit it in their top 650…maybe I’m missing something.
Thanks for the clarification, as an alumni I always enjoy seeing Rose receive national recognition and was confused by its absence from this list. I was not aware of the Carnegie Classification so thank you for the information.