October 17, 2013
SPRINGFIELD, Mo., Oct. 17, 2013 —Kiplinger’s Personal Finance has included Drury University on its list of the country’s best values in private universities. Kiplinger’s annual list ranks 100 private universities and 100 liberal arts colleges. Drury was ranked 70th among private universities. The full list is available online now at www.kiplinger.com/links/college.
Drury University and the other schools included in the 2014 lists represent the colleges that provide high-quality academics at a reasonable cost during these continued tough economic times. The colleges exemplify the attributes parents and students look for in higher education, including small class sizes, a good freshman retention rate and a high four-year graduation rate.
Although private schools generally carry higher sticker prices than in-state prices at public schools, private schools can actually be less expensive than public schools because of their generous financial aid. For example, Drury’s average student debt upon graduation is nearly $3,000 lower than the Missouri average for student debt.
“With President Obama’s recent emphasis on rating colleges and universities based on their value, our rankings serve as a valuable resource to help students and families make more informed choices,” says Janet Bodnar, editor of Kiplinger’s Personal Finance magazine. “Combining a high-quality education with an affordable price tag is a challenge, but the colleges on this year’s list offer the best of both worlds.”
Kiplinger’s rankings measure academic quality and affordability. Academic criteria include the student admission rate (the number of students accepted out of those who apply), the test scores of incoming freshmen, the ratio of students to faculty members, and the four- and five-year graduation rates. On the cost side, Kiplinger’s measures the sticker price, the availability and average amount of need-based and merit-based financial aid, and the average student debt at graduation. Many of the schools on the top 200 list have appeared in Kiplinger’s rankings in previous years, demonstrating that these schools consistently deliver good value.