Money Magazine names Loyola a best value college
| By Stephanie Weaver
Loyola University Maryland has been named one of the nation’s “Best Colleges for Your Money” by Money Magazine, which released its 2019-20 higher education value rankings this month.
Loyola ranked No. 303 on the list of 744 U.S. colleges and universities on Money’s list. Undergraduate alumni report an average salary of $57,500 within five years of graduation, according to the report.
One of the heavily weighted variables in Money’s calculation is six-year graduation rate. Loyola’s graduation rate is about 30 points higher than the national average, as 80 percent of the University’s undergraduate students graduate in four years. Money also focused heavily on affordability, as the discussions about the costs of college continue. At Loyola, 85 percent of undergraduate students receive financial aid.
“Loyola University Maryland offers an exceptional value to our students,” said Rev. Brian F. Linnane, S.J., president. “Our students and their families choose to invest in the Jesuit, liberal arts education Loyola delivers because they recognize how that education and experience gives their students the knowledge and skills they need for all the future holds.”
Money focused on three primary factors to rank schools: quality of education, affordability, and outcomes. More information about the rankings is available at http://money.com/money/best-colleges/.