Students at Emory University, Georgia Tech and the University of Georgia are getting their money’s worth, according to new college rankings.
Personal finance magazine Kiplinger has issued its annual lists of “Best College Values.” Emory ranks 30th out of 300 schools for overall value. Georgia Tech is listed as the 9th best public college; UGA rates 10th. That’s out of 100 schools.
Staff writer Kaitlin Pitsker says when putting the lists together, the publication looks for a blend of quality and affordability.
“We’re also looking at the yield, which is the percentage of students who are offered admission, who ultimately decide to enroll,” Pitsker says. “That speaks to a school’s competitiveness in getting the students that it wants; as well as the test scores – either SAT or ACT; as well as the admission rate, just how competitive it is to get into that particular school.”
Pitsker says the magazine also considers a school’s four-year graduation rate. If it takes students longer to complete a degree, families end up paying more, she says. But, she says, most schools have a sticker price that’s a lot higher than the net price the majority of students end up paying.
“For most families, you’re most likely not going to pay sticker price,” she says. “The schools on our lists offer generous need-based aid awards, and many also offer non-need-based aid, or merit aid awards, which help defray the cost for most families.”
The sticker price for a year at UGA is about $22,000. But the average need-based aid award is about $9,000. That brings the net cost down to just over $13,000.