PHILADELPHIA (October 17, 2013) - Kiplinger'sPersonal Finance has included Saint Joseph's 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.
Saint Joseph's 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. Many schools, including Saint Joseph's, have appeared on the list multiple times.
Although private schools generally carry higher sticker prices than in-state prices at public schools, private schools are sometimes more affordable than public schools because of their generous financial aid. At Saint Joseph's, more than 90 percent of undergraduates receive some type of merit- or need-based aid. This year's tuition increase is the lowest in more than a decade at 3.21 percent. And the average per-borrower debt has decreased by more than $8,000 in the last four graduating class years.
"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."
"We are delighted to be ranked among the top private universities in the country once again by Kiplinger's," says Saint Joseph's President C. Kevin Gillespie, S.J., '72. "Our strong reputation is a reflection of the outstanding students, faculty, administrators and staff that contribute to the experience and value of a Saint Joseph's education."
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. With regard to cost, 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.
About Kiplinger: For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation's first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation's first personal finance magazine. Kiplinger.com is the fastest growing Web site in the personal finance space. Located in the heart of our nation's capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language.