Just as you want to get the best payday loans you can, you must pick a college that gives you the best education you can afford. U.S. News and World Report college rankings conveniently include a “best values” category. Here are the top three schools listed under Best Values in the U.S. News and World Report college rankings for 2010.
U.S. News and World Report college rankings say that Harvard University is number one when it comes to value. This was confusing to me because Harvard is one of the most expensive schools in the country, but it turns out that 57 percent of the students attending Harvard get needs-based grants, and the average discount from total cost is 73 percent.
For similar reasons, Yale came in second place on the best values list on U.S. News and World Report college rankings.
Here’s an explanation of the methodology from the U.S. News web site:
Ratio of quality to price: A school’s overall score in the America’s Best Colleges 2010 rankings was divided by the 2008-2009 academic year net cost to a student receiving the average need-based scholarship or grant. The higher the ratio of a school’s America’s Best Colleges 2010 edition rank to the discounted total cost less the average 2008-2009 academic year need-based scholarship or grant, the better the value. Total cost equals the sum of 2008-2009 academic year tuition, room and board, fees, books, and other expenses, including transportation.
Third on the list of best values among national universities is Princeton University. At this point, one must consider the fact that even receiving a hefty discount on the cost of attending Harvard, Yale or Princeton leaved one with an expensive bill.