Rice University is ranked No. 9 in the Princeton Review’s 2016 edition of “Colleges That Pay You Back: The 200 Schools That Give You the Best Bang for Your Tuition Buck.”
The authors of this annual college guide noted that the featured schools are characterized by “stellar academics, affordable cost and strong career prospects for graduates.”
The Princeton Review established a return-on-investment (ROI) rating for each school after analyzing data collected from fall 2014 through fall 2015 via the Princeton Review’s institutional and student surveys and from PayScale.com on alumni salary and career statistics. Among the other criteria considered were academics, costs, financial aid, debt and graduation rates. California Institute of Technology topped the list.
“Out of the 650 schools we considered on this project, the 200 we chose as our Colleges That Pay You Back 2016 are, in our opinion, truly the most exceptional in the nation at delivering great academics, affordable cost and great career foundations,” the Princeton Review wrote. “We strongly recommend and salute the colleges we present here for all that they do to help their students with need afford to attend them while delivering an amazing college experience that’s worth every penny.”
Rice also made three other lists in the book:
* It ranks No. 11 among the “Top 25 Colleges That Pay You Back for Students With No Demonstrated Need.” This list is based on the same methodology for the ROI rating but without need-based aid information.
* Rice is No. 12 on the “Top 25 Best Career Placement” list, which is based on students’ ratings of career services at their school as well as on PayScale.com’s median starting and midcareer salary information for alumni.
* Rice is ranked No. 16 among the “Top 25 Best Schools for Financial Aid.” This list factors in how much financial aid the school awards and how satisfied students are with that aid.
In their description of Rice, the editors wrote, “Even for students who receive no financial assistance, Rice remains one of the best values in higher education. With tuition set at thousands of dollars lower than Ivy League and other peer institutions, Rice walks the walk of keeping the highest caliber of education affordable for all.”
The rankings are posted at http://www.princetonreview.com/colleges-pay-you-back.