Best Colleges for 2018 Include Several ‘Value’ Schools

Photo by F8 studio / Shutterstock.com

U.S. News & World Report has released its 2018 Best Colleges rankings — with a new twist: The publication now provides postgraduate salary information from PayScale.

The U.S. News profile pages for these schools list the median starting salary for alumni who have zero to five years of postgraduate work experience and whose highest degree is a bachelor’s.

The U.S. Military Academy and U.S. Naval Academy tied for first, CBS News reports, with this type of graduate earning a median salary of $80,300. The California Institute of Technology comes in second with $78,400.

Robert Morse, chief data strategist at U.S. News, explains this new feature:

“[F]amilies and students have increasingly asked for more data on salary and potential earnings. We wanted to make this information easily available to them, but stress that it should be considered as one factor among many when deciding where to attend college.”

Alumni salaries were not used to determine school rankings.

Academic excellence remains the focus of the rankings. In particular, student outcomes such as graduation and freshman retention rates are weighted most heavily.

U.S. News editor and chief content officer Brian Kelly describes graduation and retention rates as “important indicators of how well a school supports its students both academically and financially.” He continues:

“Colleges that saddle students with debt but do little to support them through graduation are contributing to a vicious cycle — without that valuable degree, students will have a difficult time landing well-paying jobs and repaying their loans, which puts them in a precarious financial situation early on in their careers.”

Among all ranked schools in the National Universities category, the average six-year graduation rate is 71.7 percent and the average freshman retention rate is 87.2 percent.

By comparison, among the top 10 schools in that category, the average six-year graduate rate is 96 percent and the average freshman retention rate is 98.3 percent.

The top three schools in the main categories this year include the following:

National universities:

  • Princeton University, New Jersey
  • Harvard University, Massachusetts
  • University of Chicago (tie for third)
  • Yale University, Connecticut (tie for third)

National liberal arts colleges:

  • Williams College, Massachusetts
  • Amherst College, Massachusetts
  • Bowdoin College, Maine (tie for third)
  • Swarthmore College, Pennsylvania (tie for third)
  • Wellesley College, Massachusetts (tie for third)

Public national universities:

  • University of California-Berkeley (tie for first)
  • University of California-Los Angeles (tie for first)
  • University of Virginia
  • University of Michigan-Ann Arbor

Public national liberal arts colleges:

  • U.S. Military Academy, New York
  • U.S. Naval Academy, Maryland
  • U.S. Air Force Academy, Colorado

Before you write off the nation’s top schools as out of your price range, you might want to check out the Best Value category. Princeton, Harvard and Yale ranked highest here due to generous grants.

For more ways to save on college, check out “5 Ways to Dramatically Reduce the Cost of College.”

What’s your take on these schools? Share your thoughts below or on Facebook.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
7 Ways to Shop at Costco Without a Membership
7 Ways to Shop at Costco Without a Membership

You don’t necessarily need to join to get in on the warehouse store’s savings.

10 Ways Anyone Can Earn More Income
10 Ways Anyone Can Earn More Income

Looking for additional cash? Here are a bunch of options that are accessible to anyone with internet access.

This Online Bank Rated Best for Second Year in a Row
This Online Bank Rated Best for Second Year in a Row

This bank pays interest without charging monthly fees, but there’s a downside.

These 12 Reusable Products Save You Money Over and Over
These 12 Reusable Products Save You Money Over and Over

Buy reusable versions of these household items, and you won’t have to spend another dime on them for years.

Should You Hire a Service to Negotiate Your Cable and Other Bills?
Should You Hire a Service to Negotiate Your Cable and Other Bills?

Services like BillCutterz and BillFixers will negotiate your cable, internet, phone and other monthly bills in exchange for a share of the savings. I tried it: Here’s what happened.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
Will I Get My Ex-Husband’s Social Security When He Dies?
Will I Get My Ex-Husband’s Social Security When He Dies?

Two factors determine how much money is coming to you.

7 Ways to Boost Your Credit Score Fast
7 Ways to Boost Your Credit Score Fast

Your financial security might soon depend upon the strength of your credit score.

21 Things You Should Always Buy at a Dollar Store
21 Things You Should Always Buy at a Dollar Store

Dollar stores have great bargains on these familiar purchases. Yes, even pregnancy tests.

13 Brilliant Bulk-Buy Items on Amazon
13 Brilliant Bulk-Buy Items on Amazon

Every household should have these products on hand. Buying them in bulk on Amazon saves you cash.

6 Reasons I Will Never Trust Suze Orman
6 Reasons I Will Never Trust Suze Orman

Beware: The self-proclaimed personal finance expert has a track record that suggests more sizzle than steak.

This Type of Social Security Benefit Is Often Overlooked
This Type of Social Security Benefit Is Often Overlooked

The Social Security Administration is not helping certain people get money to which they are entitled, a report says.

Getting These 2 Shots Could Reduce Your Risk of Dementia
Getting These 2 Shots Could Reduce Your Risk of Dementia

These vaccines may lower the risk of Alzheimer’s disease by up to 40%.

8 Deep Discounts Available on Amazon This Friday
8 Deep Discounts Available on Amazon This Friday

These items are all steeply discounted — but the deals won’t last long.

9 Everyday Problems You Can Solve With Vaseline
9 Everyday Problems You Can Solve With Vaseline

Forget expensive specialty products. Good ol’ petroleum jelly can address many common annoyances.

16 Amazon Purchases That We Are Loving Right Now
16 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

19 Purchases That Buyers Almost Always Regret
19 Purchases That Buyers Almost Always Regret

Think twice before buying these things.

19 High-Paying Jobs You Can Get With a 2-Year Degree
19 High-Paying Jobs You Can Get With a 2-Year Degree

These jobs pay more than the typical job in the U.S. — and no bachelor’s degree is required.

7 Tips for Building an Emergency Stockpile
7 Tips for Building an Emergency Stockpile

A pandemic or natural disaster could leave you reliant on your existing food supply. Is your pantry prepared?

Homeowners Say These 2 Kitchen Appliance Brands Are Best
Homeowners Say These 2 Kitchen Appliance Brands Are Best

One brand takes five of the top honors, while another ranks highest in three categories.

Is a Second Stimulus Check Still Coming?
Is a Second Stimulus Check Still Coming?

The status of another round of direct payments to taxpayers is a mix of good and bad news.

41 Things You Should Never Buy
41 Things You Should Never Buy

Some purchases are just plain dumb. Give yourself — and your budget — a break. Don’t spend money on this stuff.

9 Indestructible Products That Are Worth the Price
9 Indestructible Products That Are Worth the Price

If you’re willing to pay a little more for these products, you may never have to shop for another again.

5 Ways to Get Amazon Prime for Free
5 Ways to Get Amazon Prime for Free

Hesitant to drop $119 a year on an Amazon Prime membership? Here’s how to get it for free.

8 Ways to Slash Your Internet Bill
8 Ways to Slash Your Internet Bill

No matter what price you are paying for internet service, taking these simple steps can lower it.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.