Ranking Methodology

A high graduation rate indicates that an institution offers the support students need to graduate. A low graduation rate could indicate that an institution does not adequately support students throughout their program. A low graduation rate also puts schools at risk of losing their accreditation.

A school’s retention rate measures the percentage of full-time freshmen who return to the institution for their second year. A high retention rate indicates that an institution offers the quality and support services needed to retain students. A low retention rate could reveal a school that does not offer useful student services or strong academic quality.

The student-to-faculty ratio measures the number of students at the institution compared to the number of faculty members. Typically, a lower student-to-faculty ratio indicates smaller class sizes and more personal attention from instructors. A large student-to-faculty ratio can mean fewer opportunities for mentorship and instructor interaction.

This subfactor looks at a school’s number of full-time and part-time faculty, including adjuncts, to assess academic quality. Generally, a larger number of full-time faculty indicates a greater investment in educational quality. A higher proportion of part-time faculty can mean challenges for students.

When evaluating affordability, many prospective students look at tuition rates. However, the net price — or the cost after factoring in financial aid — is typically less than the posted tuition rate. This subfactor looks at how much students spend on their degree after receiving financial aid.

A program’s loan default rate measures how many graduates were able to repay their loans after completing the program. A high loan default rate indicates that many graduates were unable to repay their loans, which often points to a lack of employment opportunities. A low loan default rate indicates strong job prospects after graduation. Our methodology factors in the loan default rate as a measure of a degree’s affordability and its ability to prepare graduates for the workforce.

This subfactor, which evaluates the percentage of students who receive federal loans, considers whether students pay for their degree with loans or other sources. A high percentage could indicate a more expensive institution.

A large number of undergraduates rely on federal student loans to pay for their degree. This subfactor looks at the average amount of federal loans awarded to degree-seekers. A high number may indicate a more expensive school where many students rely on loans to cover their costs.

This subfactor looks at the percentage of full-time, first-time undergraduates who receive scholarships, grants, loans, and other forms of financial aid. A high percentage indicates a school with a strong record of securing financial aid for students.

Our methodology considers the average amount of grants and scholarships awarded to students at the school. This subfactor only looks at aid that recipients do not need to repay. A high amount of grant and scholarship aid can indicate a more affordable program.

This subfactor analyzes the median debt for students six years after enrolling in the institution. A high median debt indicates a less affordable program, while a low median debt indicates students can pay for their degree without taking on as much debt.

The admission rate indicates an institution’s selectivity. A low admission rate typically correlates with a stronger reputation. The admission rate also correlates with the future earnings for graduates, making it an important subfactor for rankings.

This subfactor looks at the number of admitted students who decide to enroll in the program. A high enrollment rate indicates a desirable program that admitted students want to attend, while a low enrollment rate indicates that admitted students choose to attend different schools. The enrollment rate thus offers a measure of the school’s desirability and reputation.

Many students pursue a degree to increase their earnings. This subfactor analyzes the average earnings of students six years after enrolling in the program. Higher average earnings indicate that graduates from the school successfully transitioned into the workforce.

Some institutions focus on undergraduate degrees, while others invest heavily in graduate programs. This subfactor looks at the percent of degrees offered at a particular level, such as associate degrees, bachelor’s degrees, or master’s degrees. This number indicates a school’s reputation for offering programs at a particular degree level.

This subfactor evaluates the school’s support and options for fully online programs.

*We only consider the percent of students enrolled in online degree-granting programs for our online program rankings, not our on-campus rankings.

A high percentage of online learners indicates a strong investment in online education, while a low percentage may indicate the institution largely focuses on on-campus programs.

*We only include overall online enrollment as a subfactor when evaluating online programs, not on-campus programs.