Forbes Names 3 Central Mass. Colleges Top Financial Performers
Thursday, September 05, 2013
Holy Cross is one of the most financially sound schools in the country.
Holy Cross is one of the top private colleges for financial soundness and stability in the United States according to a recent study by Forbes. And Clark and WPI aren't far behind.
With the current economy still volatile, and with the financial viability of higher education in question, Forbes recently ranked the College of the Holy Cross 59th in an assessment of institutional financial soundness.
The extensive study took 900 private colleges and universities into account, and also awarded the College with an “A” grade, meaning it has passed with flying colors. The maximum score on the Forbes chart is 4.5, and by ranking 4.2., Holy Cross was the highest ranked Jesuit school on the list.
Other Universities With High Marks: Clark and WPI
In addition, Clark and WPI received high grades from the Forbes study as well. Both universities received a grade of "A-" and with scores of 3.615 and 3.6, ranked 116th and 120th respectively.
A total of 53 schools received the highest grade of "A+" from Forbes, 41 of these schools earning a perfect score of 4.5. Princeton University was number 1 overall. Other schools in Massachusetts in the top 100 include Harvard, Williams College, Amherst College, MIT, Smith College, Wellesley College, Tufts University, Mount Holyoke College, and Boston College.
The Method
In order to devise their rankings, Forbes consulted financial data reported to the U.S. Department of Education in 2010 and 2011. They also took a wide array of financial components into account, with heavy emphasis on endowment assets per full-time equivalency students, expendable assets to operating expenses, net tuition and fees as a percent of total revenue, and enrollment yield.
To read the full Forbes article and to view the full rankings, please click here. The article appeared in the August 13th edition of Forbes Magazine.
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