We then took the average annual net price of attending the college-including costs like tuition and fees, room and board, and books and supplies, taking into account any grants and scholarships, for students who received federal financial aid-and multiplied it by four to reflect an estimated cost of a four-year program. The value added to graduates’ median salary by a college was estimated on the basis of the difference between the median earnings of the school’s graduates and the median earnings of high-school graduates in the state where the college is located. Years to pay off net price (17%): This measure combines two figures-the average net price of attending the college, and the value added to graduates’ median salary attributable to attending the college.Our analysis for this metric used research on this topic by the Brookings Institution policy-research think tank as a guide. These scores were then combined with scores for raw graduate salaries to factor in absolute performance alongside performance relative to our estimates. We then scored the college on its performance against that estimate. We used statistical modeling to estimate what we would expect the median earnings of a college’s graduates to be on the basis of their demographic profile, taking into account the factors that best predict salary performance. Salary impact versus similar colleges (33%): This measures the extent to which a college boosts its graduates’ salaries beyond what they would be expected to earn regardless of which college they attended.Throughout, we use the latest data available for analysis. The weight each component is given in the ranking is indicated as a percentage. The ranking scores colleges based on the following components. ranking was developed and executed in collaboration with our research partners College Pulse and Statista. The WSJ/College Pulse 2024 Best Colleges in the U.S.
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