Archive for Thursday, August 25, 1994


August 25, 1994


A small Florida college repeats as Money magazine's top higher education bargain.

A personal finance magazine says college-bound folks looking for the best educational bargain need not apply to Kansas University.

KU didn't make Money magazine's ranking of America's 100 top values in four-year undergraduate schools.

In addition, KU was eliminated from a listing of the top 20 values when using resident tuition rates. Last year, KU was 15th in this category.

"If Money magazine thinks that drastic of a change has happened in one year, then your money is best spent on Kiplinger's (newsletter)," said Sherman Reeves, KU's student body president.

According to Money, the top U.S. educational choice based on 16 factors related to quality and cost was New College of the University of South Florida in Sarasota.

New College was tops for the second consecutive year because it didn't raise tuition and kept its academic standards high, Money said.

The guide lauded New College's 10-to-1 student-faculty ratio, substantially better than the 16-to-1 average for all schools on the list. The school's 530 students also meet individually with an adviser to devise a learning contract.

``It sets forth the student's long-term academic goals," said Jim Feeney of the dean's office at New College.

Filling out the top 10: Rice (Texas), Trenton State College (N.J.), State University of New York-Binghamton, Northeast Missouri State, Hanover College (Ind.), Rutgers University-New Brunswick, N.J., California Institute of Technology, Spelman College (Ga.) and St. Mary's College (Md.).

Schools of interest in the top 100: No. 5, Northeast Missouri State; No. 36, University of Iowa; No. 45, Creighton (Neb.); No. 66, University of Missouri; No. 97, Rockhurst College (Mo.).

Money's fifth college edition is due out Sept. 6. It includes cost and academic data on 1,000 schools.

Of 78 schools that charge more than $17,500 in tuition and fees, Money decided Yale was the most worthy investment. Tuition: $19,840.

Among historically black colleges, Spelman College was the top choice. Spelman also was No. 1 in terms of women's colleges.

The top public school, ranked by in-state tuition rates, was University of North Carolina-Chapel Hill. Two others on that list: Iowa State, 19th; and Colorado, 20th.

California Institute of Technology was rated the best among scientific and technical schools.

Factors determining the ranking included entrance exam results, graduation rates, faculty resources, instructional and student service budgets and default ratios on student loans. The magazine compared those figures with each college's tuition and fees.

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