The List: Kiplinger's top values in private higher ed

Today’s list (Friday is List Day on The Sheet) comes from Kiplinger.com, which offers financial advice. The Kiplinger folks crunched numbers and came up with their list of the best values in private universities, taking quality and cost into consideration.

I don’t believe quality can be measured by numbers alone, but the measures used are: admission rate, math and verbal SAT/ACT scores, ratio of teachers to students and graduation rates.

It’s hard to imagine that schools with a sticker price of almost $50,000 a year can be a great value, but Kiplinger’s calculated what it says is the true cost based on need-based and non-need-based financial aid.

Here’s part of one of the lists available. The rest, along with the methodology and lots of statistics, are available here.

1) California Institute of Technology
Total Cost: $46,629
Cost after need-based aid: $18,159
Cost after non-need-based aid: $17,715
Average debt upon graduation: $9,871

2) Princeton University
Total Cost: $49,055
Cost after need-based aid: $17,704
No non-need-based given
Average debt upon graduation: $5,955

3) Yale University
Total Cost: $48,450
Cost after need-based aid: $12,747
No non-need-based aid given
Average debt upon graduation: $12,297

4) Rice University
Total Cost: $44,088
Cost after need-based aid: $19,984
Cost after non-need-based aid: $29,423
Average debt upon graduation: $11,108

5) Harvard University
Total Cost: $49,684
Cost after need-based aid: $12,834
Cost after non-need-based aid: $17,715
Average debt upon graduation: $10,813

6) Duke University
Total Cost: $51,125
Cost after need-based aid: $20,235
Cost after non-need-based aid: $23,406
Average debt upon graduation: $24,205

7) Columbia University
Total Cost: $54,789
Cost after need-based aid: $21,038
No non-need-based aid given
Average debt upon graduation: $18,420

8) University of Pennsylvania
Total Cost: $51,080
Cost after need-based aid: $23,969
No non-need-based aid given
Average debt upon graduation: $19,085

9) Dartmouth College
Total Cost: $51,821
Cost after need-based aid: $18,373
No non-need-based aid given
Average debt upon graduation: $20,126

10) MIT
Total Cost: $50,292
Cost after need-based aid: $20,234
No non-need-based aid given
Average debt upon graduation: $14,148

11) Stanford University
Total Cost: $51,267
Cost after need-based aid: $20,661
Cost after non-need-based aid: $47,752
Average debt upon graduation: $15,724

12) Brown University
Total Cost: $50,394
Cost after need-based aid: $20,468
No non-need-based aid given
Average debt upon graduation: $19,390

13) Emory University
Total Cost: $50,032
Cost after need-based aid: $23,074
Cost after non-need-based aid: $31,530
Average debt upon graduation: $23,181

14) University of Richmond
Total Cost: $49,540
Cost after need-based aid: $18,485
Cost after non-need-based aid: $30,330
Average debt upon graduation: $20,915

15) Northwestern University
Total Cost: $51,850
Cost after need-based aid: $25,914
Cost after non-need-based aid: $49,607
Average debt upon graduation: $19,808

16) University of Notre Dame
Total Cost: $49,795
Cost after need-based aid: $25,658
Cost after non-need-based aid: $43,689
Average debt upon graduation: $29,835

17) Vanderbilt University
Total Cost: $50,874
Cost after need-based aid: $25,602
No non-need-based aid given
Average debt upon graduation: $23,485

18) Cornell University
Total Cost: $52,232
Cost after need-based aid: $18,394
Cost after non-need-based aid: $40,712
Average debt upon graduation: $27,562

19) University of Chicago
Total Cost: $52,890
Cost after need-based aid: $25,538
Cost after non-need-based aid: $28,101
Average debt upon graduation: $21,984

20) Johns Hopkins University
Total Cost: $52,609
Cost after need-based aid: $25,135
Cost after non-need-based aid: $45,223
Average debt upon graduation: N/A

By Valerie Strauss  |  November 6, 2009; 6:30 AM ET
Categories:  College Costs , Higher Education  | Tags: higher education costs Share This:  E-Mail | Technorati | Del.icio.us | Digg | Stumble Previous: My response to Jay's response on the 'Challenge Index'
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Comments

I don't think that Harvard or any Ivy League school has any non-need-based aid.

Posted by: DamarisS | November 6, 2009 9:33 AM | Report abuse

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