Kiplinger: St. Lawrence University a ‘Best Value College’
Kiplinger’s Personal Finance has once again included St. Lawrence University on its list of the Best College Values for 2016.
Introduced in 1998, Kiplinger’s annual list of institutions of higher education includes private universities, private liberal arts colleges, and this year the top public schools, ranking the top 100 in each category. St. Lawrence University ranked number 67 in this year’s list of “Best Values in Private Liberal-Arts Colleges.”
“St. Lawrence University is known to be a place where every student has a transformative experience,” said William L. Fox ’75, president of St. Lawrence University. “From the small classroom sizes to the opportunities for experiential learning both on- and off-campus to our faculty and alumni mentorships with students, St. Lawrence’s approach to a liberal arts education prepares students to do extraordinary things extremely well.”
According to Kiplinger, St. Lawrence and the other institutions included in the 2016 lists represent the colleges that provide high-quality academics at a reasonable cost. They exemplify the attributes parents and students look for in higher education, including small class sizes, a good first-year student retention rate and a high four-year graduation rate, Kiplinger says.
For the first time this year, Kiplinger ranked public and private institutions together. Yet, according to the publication, more privates are at the top of the list because they typically offer more generous financial aid and have a better graduation rate than public colleges. According to the National Association of Independent Colleges and Universities, each institution has an array of financial, academic and other factors that students need to consider when looking at college costs. In addition, students at private colleges are more likely to graduate within four years than those at public institutions, according to the Council of Independent Colleges.
St. Lawrence’s average financial aid package—which can include gift aid, federal grants and loans, and campus employment—was approximately $36,700 for the 2015-16 academic year. Ninety-six percent of all St. Lawrence undergraduates receive some form of financial aid.
Kiplinger’s Personal Finance rankings assess value by measurable standards of academic quality and affordability. Quality measures include the admission rate, the percentage of students who return for sophomore year, the student-faculty ratio and four-year graduation rate. Cost criteria include the cost of attendance, financial aid and average debt at graduation. St. Lawrence has appeared on the list multiple times, which is a testament to the consistent value it provides.
The complete rankings are now available online at www.kiplinger.com/links/college and will appear in print in the February 2016 issue of Kiplinger’s Personal Finance, on newsstands January 5.