Money magazine has named Randolph one of its “Best Colleges for Your Money 2017.” The ranking was based upon educational quality, affordability, and alumni success.
In its profile of Randolph, Money touts the high percentage of students who receive scholarships and financial aid. It also includes information about student life, as well as the College’s scientific, cultural, and artistic research opportunities.
Money drew on the research and advice of dozens of the nation’s top experts on education quality, financing and value to develop an analysis of 711 of the nation’s best-performing colleges. To earn a spot in the rankings, schools had to have sufficient, reliable data and not be in financial distress, among other things.
The publication determined quality of education based on a number of factors, including six-year graduation rate, peer quality, instructor quality and value-added graduation rate. Money defines this as a school scoring in the top 25 percent of its test of graduation rates, after accounting for the average test scores and percentage of low-income students among its enrollees. Affordability was determined by net price of a degree, debt, student loan repayment and default risk, value-added student loan repayment measures and affordability for low-income students.