Money magazine: Rowan remains a best college value

Money magazine: Rowan remains a best college value

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Money magazine this week again named Rowan University a “best college” for value.

The study, which determined 711 U.S. colleges and universities as being a good value to students and their families, focused on “return on investment” and, in so doing, considered 27 variables that addressed such measures as educational quality, affordability and alumni success.

For example, the study gave weight to new data that measured how many low-income students’ schools propelled them into the upper middle class over the past 20 years and regarded such colleges as helping students achieve their American dream.

The study, which included public and private schools alike, named Princeton University as the greatest value in American higher education, noting the quality of instruction at the Ivy League school, generous financial aid awards (the magazine noted that Princeton is essentially free for students from families earning less than $65,000 per year), and earnings within five years of graduation averaging $67,000.

Money staffers considered the cost of tuition but offset it with such metrics as graduation rates, income after graduating and average college debt after graduating.

It also considered proximity to bustling job markets like Philadelphia or New York.

Money last year named Rowan among the “Best Colleges of 2016-17,” and Forbes named it among the “Top Colleges” in the U.S.

Rowan over the past year has been included in numerous prestigious rankings including one by American City Business Journals, the parent company of the Philadelphia Business Journal, which ranked it among the 500 best public colleges and universities in the United States.

U.S. News & World Report ranked Rowan #19 out of 131 schools in its category and third among public schools. It also noted that undergraduate programs in the University’s Henry M. Rowan College of Engineering improved six places over the previous year, from #34 to #28, tying with four other institutions out of 214 surveyed.

And USA Today, in its second annual study, ranked Rowan #303 out of 1,393 “Best Nationwide Colleges.”

Perhaps most significantly, Rowan over the past several years has been among the top three schools out of 539 colleges and universities surveyed for a “Social Mobility Index.” Conducted by compensation data collection firm PayScale, the study compared schools whose alumni leave college with relatively low debt and earn well within five years of graduating.