Source : http://www.npr.org/sections/ed/2015/09/21/441417608/the-new-college-scorecard-npr-does-some-math
When it comes to deciding where to apply the college there is a lot more information to check. The US apartment of education has released huge amount of data about individual colleges. How many students actually graduated? How much they eventually earned? How many default on students loan? With the fact that it didn't do is rank the colleges. So NPR do and came up with top 15 performers in each of 3 categories. We asked XXXX, an NPR education team to explain.
Here are NPR our own plan of money and actually create their own ranking of four years colleges in the university. They asked three different higher education experts how they will be the vary pieces of information in the database. And they came up with 3 very different top 50 less. For example, you look solely in common net prize. Harvard University is number one, as often is. If you brought in and look at loan repayment, you will get to school financial center back loans. Duke University is on top. And then third list emphasis is up mobility how will college will serving first generation and low income students. And on that let's see a lot of public.
Let's go to one of the first one XXX school, set make you money. And OK. So Harvard pretty obviously, Stanford really obvious, Columbia Duke etc. But jumping out number five is XXXX College. Which I think is fair to say, a million people have enough.
That's private business school. And MIT the keyword there is business they are all known liberal program there is top entrepreneur school in United States. Another couple of surprising name on the list, George Institute of Technology, XXXX are places called the university of science. And this is all telling you that you know income are what really matter. There is not as much your particular college but your choice major, choice program and so if you are going to one of these schools, chances alter you can major in something that gonna earn you a lot money.
And now another list, one of the other three lists, is school that make financial sent and that's not just about making money. It's about your education are back, institution of higher learning. Well not in the end weight you down this much. With XX whatever. Why is Duke the top?
Well you know it's one of the quirks this listening kind of shows I think why perhaps Federal government was wanting to do a ranking. In that you know Duke have far more students you taking out Federal loans and you do perhaps Harvard, it's 37 percent versus 3 percent. And so of those students take out loans, their default rate was a lot of lower at Duke. At Harvard, the very few students do take out loans have a higher rate of the folding.
And the tertless, XXX school that emphasis a port mobility. That's interesting and particular. Because I want to you see Barkley. And this lost is lowing down with University of California and California of state school.
Great. This ranking is focusing on how well these schools are serving students who have programs, who were the first in the college, whose family make less than a medium income and this list are the mentioned is dominated by the public institution and particular California state institution. I think you know ranking are really shows something are social machine on college, you have 80 percent of nation wide who attend public institutions and so looking and how well they serve the middle class and working classes is really key part of the mission.
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When it comes to deciding where to apply the to college, there is a lot more information to check. The U.S. Department of Education has released a huge amount of data about individual colleges - how many students actuallygraduated, graduate, how much they eventually earned, earn, how many default on students student loans. With the fact that it didn't What the feds did not do is rank the colleges. So NPR do did and came up with the top 1550 performers in each of three categories. We asked XXXX, an NPR Anya Kamenetz of NPR's Education team to explain.
Here at NPR, our own plan of Planet Money team went out and actually created their own rankings of four-year colleges in the and universities. They asked three different higher education experts how they will be the varywould weight the various pieces of information in the database, and then they came up with three very different top 50 less. lists. For example, if you look solely in common at income and net price. price, Harvard University is No. 1, as it often is. If you brought in broaden it and look at loan repayment, you will get to school schools that make financial center sense in terms of paying back loans. Duke University is on top. And then the third list emphasizes is up upward mobility - how will colleges will well colleges are serving first-generation and low-income students. And on that let's list, you'll see a lot of public. public institutions.
Let's go to one of those lists, the first one XXX school, set you mentioned - schools that make you money. Oh, OK, so Harvard's pretty obvious, Stanford - really obvious - Columbia, Duke, etc. Yale. But jumping out at No. 5 isXXXX Babson College, which I think is fair to say, a million say many people have enough. not heard of.
That's Right, so that's a private business school And MIT the in Wellesley, Mass. The key word there is business. they are all known There are no liberal arts programs there. is It's top entrepreneurship school in the United States. Another couple of surprising names on the list - Georgia Institute of Technology, XXXX are places Harvey Mudd, both of them engineering-heavy schools, and a place called the University of the Sciences. And so this is all telling you that that, you know - income, are what really, really matters there is not as much your particular college but your choice of major, choice your choice of program. And so if you are going to go to the - one of these schools, the chances alter you can are that you're going to major in something that gonna that's going to earn you a lot of money.
Now, another list - one of the other three lists - is schools that make financial sent, sense, and that is not just about making money. It's about your education are back, at that institution of higher learning Well not will not, in the end, weight you down this much. With XX as much with debt or whatever. Why is Duke at the top?
Well, you know, it's sort of one of the quirks this listening of these lists, and you do perhaps Harvard, it's it kind of shows, I think, why perhaps Federal the federal government was wanting reluctant to do a ranking. In That,you know, at Duke, you have far more students you who are taking out federal loans than you do perhaps at Harvard. It's 37 percent versus 3 percent. And so of those students who take out loans, their default rate was is a lot of lower at Duke. At Harvard, the very few students that you know Duke do take out loans have a higher rate of the folding. defaulting.
And the third is, XXX list, Anya - schools that emphasize a port upward mobility. That's interesting and That actually interests me in particular because I went to you see Barkley. And UC Berkeley, and this lost list is lowingloaded down with University of California and California of state schools.
Great. Right, so this ranking is focusing on how well these schools are serving students , who have programs, who were who have Pell Grants, who are the first in the their families to go to college, whose families make less than the median income. And this list, are the as you mentioned, is dominated by the public institutions and particularly California state institutions. And I think, you know, ranking are like this really shows something are aboutthe social machine on mission of college. You have almost 80 percent of students nationwide who attend public institutions. And so looking and at how well they serve the middle class and the working classes is a mediumreally key part of the their mission.
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