Loyola University Maryland has been named one of the nation’s “Best Colleges for Your Money” by Money Magazine, which released its 2015-16 higher education value rankings this month.
Loyola ranked in the top 15 percent of the 736 U.S. colleges and universities on Money’s list. Undergraduate Loyola alumni reported an average salary of $50,800 within five years of graduation, according to the report.
Money focused on three primary factors to rank schools: quality of education, affordability, and outcomes. One of the heaviest-weighted variables in the quality of education calculation was six-year graduation rate, which is 81 percent at Loyola compared to 59 percent nationally. Money noted that six-year graduation rate is “widely recognized as one of the most important indicators of a college’s quality.” Affordability included net price of a degree, heavily influenced by institutional financial aid; Loyola awarded 3,513 grants and scholarships totaling more than $64 million in the 2014-15 academic year. Outcomes took into account graduates’ earnings and value-added results from reports by PayScale and the Brookings Institution, both of which ranked Loyola among the top schools in the country.
Loyola was tied for the highest value-added grade of the 10 Maryland schools that made Money’s list, and was one of six Patriot League schools and seven Jesuit schools ranked in the top 15 percent. Money also included Loyola on a list of "10 Great Colleges That Don't Care About Your SATs."
More information about the rankings is available at time.com/money.