Baruch College took second place for the second year in Washington Monthly’s 2021 “Best bang for your buck” in the Northeast.
Since 2018, Baruch has climbed the rankings. It went from No.14 to No.3 in 2019, reaching No.2 in 2020 and 2021.
Baruch has placed higher on the list than Harvard University, Yale University and Princeton University, all of which have already been placed in the top three.
The “Best Bang for your Buck” ranking takes into account several factors contributing to what is called social mobility. In doing so, the ranking measures the ability of colleges to provide low-income students with valuable credentials at an affordable price.
A key factor measured in the ranking is the college’s eight-year graduation rate.
“Half of that score was determined by the reported graduation rate and the other half was from comparing the reported graduation rate to an expected graduation rate based on the percentage of recipients. Pell, the percentage of students receiving student loans, the admission rate, the race / ethnicity and gender of the student body, the number of students (overall and full-time), and whether a college is primarily residential , ” Washington Monthly wrote.
The ranking also looked at the graduation gap between Pell and non-Pell students to determine whether the college was successful in helping low-income students. In Baruch, there was only a 3% gap between the Pell and non-Pell graduation rate.
He assessed the affordability of each college by examining the average net prices paid by first-time full-time students in the state with family income below $ 75,000 per year for the past three years.
Among the top five colleges on the list, Baruch had the lowest cost, with a net average price of $ 2,459.
In order to measure the market value of the degrees awarded by each college, the ranking measured both the share of students earning at least 150% of the federal poverty line three years after graduating from university and the loan repayment rate. students.
The ranking found that 83% of Baruch graduates were above 150% of the poverty line.
The rankings included a “mix of some of America’s most elite institutions and hidden gems with good results for students and a commitment to upward mobility,” according to Washington Monthly.