Loyola named one of nation’s best value colleges by Money Magazine
Loyola University Maryland has been named to Money Magazine’s list of “Best Colleges for Your Money” for 2016-17.
Loyola ranked in the top quarter of the 705 U.S. colleges and universities on Money’s list, which focused on three primary factors to rank schools: quality of education, affordability, and outcomes. Money found undergraduate Loyola alumni reported an average salary of $51,900 within five years of graduation, ranking in the top 14 percent of all schools listed.
A heavily-weighted variable in Money’s quality of education calculation was six-year graduation rate, widely recognized as one of the most important indicators of a college’s quality. Money noted in its profile of Loyola that “Loyola’s [estimated six-year] graduation rate is an impressive 82 percent, which is 15 percent higher than would be expected for students with similar test scores and economic backgrounds.”
To determine affordability, Money weighted net price heaviest—taking into account sticker price, how much a school awards in grants and scholarships, and the average time it takes students to graduate. In the 2015-16 academic year, 72 percent of Loyola undergraduate students received institutional financial aid totaling nearly $69 million.
Loyola’s value has been recognized by other notable publications recently. In February, The Princeton Review included Loyola on its list of “Colleges That Pay You Back,” and, in April, salary database PayScale.com ranked Loyola in the top 9 percent of U.S. universities for return on investment.