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08/27/2018 News Release Image

"Forbes" featured Pace University President Marvin Krislov in "Top Colleges 2018: The Methodology"

Now in its 11th year, the FORBES list of America’s Top Colleges has always focused on the direct benefits schools provide their graduates. Especially at a time when Americans owe more than $1 trillion in student loan debt, we believe it’s important to value “outputs” rather than “inputs.” While other lists consider acceptance rates and admitted students’ SAT scores, we look at alumni salaries, debt after graduation, retention and graduation rates, debt load upon graduation, alumni salaries and signs of individual success including academic and career accolades.

For students who are laser-focused on finding top-notch education at a great value, check out our 2018 Best Value Colleges, which elevates the weights of variables like debt load and factors in a school’s net price.

Here is how we selected schools and weighted measures for the list:

Schools Considered For The List

We started with all schools classified by the Carnegie Classification of Institutions of Higher Education as doctoral research universities, master’s colleges and universities and baccalaureate colleges, along with some special-focus categories including business, engineering and art schools, such as Rhode Island School of Design or Rose-Hulman Institute of Technology. We narrowed the list to schools that had sufficient data available from five other sources. Those include two huge data sets compiled by the U.S. Department of Education, the Integrated Postsecondary Education Data System (IPEDS), and the U.S. Department of Education’s College Scorecard, created by the Obama administration in 2013 to track information about students who receive federal financial aid. We also use information from PayScale, a privately-owned website with a vast amount of self-reported salary data and Niche, another privately owned site that draws from tens of millions of student surveys. Two high-performing schools, Hillsdale and Grove City College, do not receive federal funding and thus do not appear in the College Scorecard; their other data is re-weighed to account for the lack of debt data.

We excluded schools with fewer than 300 undergraduates (with the exception of Marlboro College, a Vermont school that stands out for its academics). We cut schools that retained fewer than 60% of their students over a three-year period (except for Sweet Briar College, a small Virginia women’s school whose data is skewed by its near-closure in 2015, and Weber State in Utah which has markedly improved its retention rate over the last three years). We also cut schools whose six-year graduation rate was below 25%. We then scored every school on the metrics detailed below.

All data used was the most recent final release data available. For schools that had near-complete data sets but were missing one or two data points, we gave proportionally more weight to other variables.

Alumni Salary (20%)

To calculate a school’s salary score, we considered four data points: the school’s early career earnings (1-4 years after graduation) from PayScale, mid-career earnings (10-plus years) from PayScale, and the earnings of federal financial aid recipients six years and 10 years after starting college from College Scorecard.

Because paying for college is a long-term investment, early career earnings accounted for only a third of our salary score, and later earnings two thirds. PayScale’s data made up 85% of the salary score and College Scorecard the remaining 15%.

Debt (20%)

We drew all of our debt data from College Scorecard. We got half of our debt score by multiplying the average federal student loan debt per borrower at each school by the percentage of students at the school who took out federal loans. The other half of our debt score came from two-year and three-year federal student loan default rates.

Student Experience (20%)

We assume that students who believe their college experience is worthwhile will remain in school. Therefore we drew most of our student experience score, 15% of our total score, from a school’s first-year-to-sophomore retention rate as recorded by IPEDS, averaging the rates for the most recent three years. We drew the remainder of our student experience score, 5% of our total, from Niche, which administers surveys to more than 90,000 students and alumni. We used their survey data that measured both professor quality and student life. Both use a GPA scale: An A for professor satisfaction would give a school a 4.00 grade, a B a 3.00, and so on.

American Leaders List (15%)

Along with alumni salary, we measure graduates’ success using a data set we compile ourselves, The American Leaders List, is a roster thousands of successful people and their alma maters. We use FORBES databases including the Forbes 400, the Richest Self-Made Women list, the Most Powerful Women list and 30 Under 30. We also count current leaders in public service: U.S. Supreme Court Justices, the President and his Cabinet, members of the U.S. Congress and state governors. In addition, we count winners of the following awards over the last one-to-four years based on the number of recipients for each: MacArthur Fellowship, Nobel Prize, Breakthrough Prize, Lasker Prize, Fields Prize, Academy Awards, Oscars, Tony’s, NAACP Awards, Guggenheim Fellowship, major sport all-stars, Presidential Medals and Pulitzer Prizes. We blended schools’ raw numbers of alumni leaders and its number of leaders adjusted for its number of undergraduates.

Academic Success (12.5%)

To further measure graduates’ success, we looked at academic achievements. We drew half of this score, 6.25% of our total score, by counting the number of academic awards won by alumni at each school for the past one-to-four years, depending on the number of recipients per year for each. We counted the Fulbright, Truman, Goldwater, Gates, Cambridge and Rhodes Scholarships and weighed them as a percentage of the undergraduate student body. We drew the second half of this category, or 6.25% of our total, from the National Science Foundation’s Survey of Earned Doctorates. We used the three-year average number of Ph.D. recipients who spent their undergraduate careers at each institution. Both are calculated as a blend of schools’ raw numbers of award winners and of doctorates and those numbers adjusted for its number of undergraduates.

Graduation Rate (12.5%)

We gave credit to schools that motivate, guide and support students to graduate in a timely manner, saving on tuition and getting into the workforce as soon as possible. We divided our graduation rate calculation into three pieces. The largest is four-year graduation rate, which accounted for 7.5% of our total score. We used data from IPEDS and averaged the rate for the most recent three years. We used the same source and methodology to calculate six-year graduation rates, which counted for 2.5% of our overall score. And we use IPEDS data and the same methodology to count the graduation rates for Pell grant recipients, which accounted for 2.5% of our overall score. Pell grants go to economically disadvantaged students, and we believe schools deserve credit for supporting these students.

Caveat: As noted in this post by Forbes contributor and Pace University president Marvin Krislov, IPEDS’ graduation rate statistics only count full-time undergraduates enrolled in college for the first time, who finish their bachelor’s at the same institution where they started.

Read the article.

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"WAMC" featured Pace University President Marvin Krislov in "Westchester County Exec Signs Lease For Biotech Center"

01/22/19

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"Real Clear Life" featured Pace University’s Lubin School of Business marketing professor Larry Chiagouris in "A Tale of Two Ads: Bumble vs. Gillette in the Age of #MeToo"

01/18/19

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"Christian Science Monitor" featured Pace University's President Marvin Krislov in "Debating an evolving definition of ‘diversity’ on campus"

01/17/19

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"Westchester County Business Journal" featured Robert S. Tucker in "Tucker Joins Pace Board"

01/17/19

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"Newsweek" featured Pace University's Clinical Associate Professor of History Maria Iacullo-Bird in "Why Prohibition failed"

01/17/19

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Press Release: Elisabeth Haub School of Law Announces New Scheduling Option for Part-Time Program

01/16/19

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"The Hechinger Report" featured Pace University President Marvin Krislov in "America's colleges struggle to envision the future of diversity on campus"

01/16/19

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"Atlanta Journal Constitution" featured Pace University students Wesley Goodrich and Sam Casey in "Theater festival in Norcross launches with reading about Emmett Till"

01/16/19

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"Washington Post" featured Pace University’s Lubin School of Business marketing professor Larry Chiagouris in "Razor burn: Gillette ad stirs online uproar"

01/16/19

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"Westchester County Business Journal" featured Pace University's College of Health Professions Professor Christen Cupples Cooper in "Focus on nutrition generates demand for registered dietitians, nutritionists"

01/15/19

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"Nonprofit Communications Report" featured Pace University's Senior Director of Media Relations Cara Cea in "Monthly Communications Ideas For Nonprofits"

01/14/19

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"AdAge India" featured Pace University’s Lubin School of Business Professor Randi Priluck in "#Mobilewatch: 1.4 billion People a Year are Talking to Bots. Join them?"

01/14/19

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Press Release: Elisabeth Haub School of Law Graduates Secure Major Immigrant Rights Victory

01/10/19

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"Westchester County Business Journal" featured Pace University’s Seidenberg School of Computer Science and Information Systems Professor Pauline Mosley in "Practical Experience in Web Design"

01/09/19

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"Fios1" featured Pace University's Director of Athletics and Recreation Mark Brown in "Elementary Students Learn Nutrition at Pace University"

01/08/19

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"The Examiner" featured Pace University's Director of Athletics and Recreation Mark Brown in "White Plains Students Learn about Athletics and College Life at Pace"

01/08/19

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"Associated Press" featured Pace University’s Lubin School of Business marketing professor Larry Chiagouris in "No words: Mastercard to drop its name from logo"

01/08/19

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"Time Square Chronicles" featured Pace University's Dyson directing student Jack McManus in "NY WInterFest Meet The Playwrights: Step Into the Musical World Of Charles M. Schulz With Jack McManus, Jack Levinson and Brendan Stackhouse"

01/08/19

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"The Journal News" featured Pace University’s College of Health Professions PhD Nursing program student A’Isha G. Harper's piece "Who lies to their doctor? Just about everyone, including this Peekskill nurse"

01/08/19

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"Westchester County Business Journal" featured Pace University students in "'Pace-Setters' at a Model United Nations"

01/03/19

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"Patch" featured Pace University’s Seidenberg School of Computer Science and Information Systems Professor Pauline Mosley in "Pace University Students Compete in Non-Profit Web Design Class"

01/03/19

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"The Scarsdale Inquirer" featured Robert S. Tucker in "People in the News"

01/02/19

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"Westchester Magazine" featured Pace University in "Our Top Business News From 2019"

01/02/19

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"Law 360" featured Pace Haub Law School professor Bennett Gershman in "Top New York Cases To Watch In 2019"

01/02/19

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"The Tribune" featured Pace University’s Lubin School of Business marketing professor Larry Chiagouris in "Profiting off presidency? Trump biz takes hit since election"

01/02/19

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"Tribune Content Agency" featured Pace University’s Lubin School of Business marketing professor Larry Chiagouris in "How to meet the one- to three-year experience requirement of an entry level job listing"

01/02/19

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"Law & Crime" featured Pace Haub Law School Professor Mimi Rocah in "‘Not a Question’: Fmr Fed Prosecutor Says Roger Stone Likely to Be Indicted for Multiple Crimes"

12/21/18

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"The Straits Times" featured Pace Haub Law School professor Bennett Gershman in "Judge refuses to dismiss sex assault charges against Harvey Weinstein"

12/21/18

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"FRANCE 24" featured Pace Haub Law School professor Bennett Gershman in "Weinstein back in court seeking dismissal of sex assault case"

12/21/18

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"Eurasia Review" featured Pace Haub Law School professor Bennett Gershman in "What Comes Next In Mueller Probe? – Analysis"

12/19/18

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"CBS News/MSN News" featured Pace University's Department of Criminal Justice in "Foundation brings dogs to brighten people's days"

12/19/18

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"Voice of America" featured Pace Haub Law School professor Bennett Gershman in "What Comes Next in Mueller Probe?"

12/18/18

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"The New Paper" featured Pace Haub Law School professor Bennett Gershman in "Trump intervention comment may be boon to Huawei CFO"

12/17/18

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"American Express" featured Andrew Flamm, director of the Small Business Development Center (SBDC) at Pace University, in "These Tips Can Help You Stretch Your Working Capital"

12/17/18

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Press Release: Where Does Radio City Find Talent for its Iconic Rockettes? Pace University’s School of Performing Arts

12/14/18

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Press Release: Pace University Students Compete in Non-Profit Web Design Class

12/14/18

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"NBCNews.com" featured Pace Haub Law School Professor Mimi Rocah in "It may seem like just another week in Washington. It's not."

12/14/18

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"Raw Story" featured Pace Haub Law School Professor Mimi Rocah in "Sex crime plea deal for Trump pal Epstein ripped by ex-prosecutor: ‘Intentionally corrupted to protect certain people’"

12/14/18

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"Independent Journal Review" featured Pace Haub Law School professor Bennett Gershman in "Trump Intervention Comment May Be Gift to Huawei CFO"

12/14/18

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"MPNnow.com" featured Pace University Law School Land Use Center in "Richmond Law seeking to help residents go solar"

12/13/18

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"Reuters" featured Pace Haub Law School professor Bennett Gershman in "RPT Trump intervention comment may be gift to Huawei CFO"

12/13/18

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"CNBC" featured Pace Haub Law School Professor Mimi Rocah in "Federal prosecutors give National Enquirer publisher immunity over hush-money payment to purported Trump lover"

12/13/18

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"The Japan Times" featured Pace Haub Law School professor Bennett Gershman in "Trump's intervention comment may have provided legal gift to Huawei"

12/13/18

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"Daily News" featured Pace Haub Law School Professor Mimi Rocah's piece "Trump and his allies were partners in crime, and don't pretend that isn't a huge deal"

12/13/18

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"NBCNews" featured Pace Haub Law School Professor Mimi Rocah's piece "Jeffrey Epstein's slap on the wrist raises a lot of questions"

12/12/18

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"Slate" featured Pace Haub Law School Professor Mimi Rocah in "Trump Keeps Saying “No Collusion” Because He Doesn’t Understand Collusion"

12/12/18

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"Inside Chappaqua" featured Pace University in "Feeding Westchester Celebrates 30th Anniversary & Launches Mobile Food Pantry in Partnership with Pace University This Fall"

12/12/18

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"The New York Times" featured Pace Haub Law School professor Bennett Gershman in "Immigrants Are Entitled to Jury Trial for Deportable Offenses, New York Court Rules"

12/11/18

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"Pleasantville Patch" featured Pace University in "Pace U Holds "Pride Hoops" Night to Promote LGBTQ Inclusion"

12/11/18

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"Westchester County Business Journal" featured deputy director of the Pace Land Use Law Center Tiffany Zezula in "‘Gridlock Sam’ says driverless cars could impact urban sprawl"

12/10/18

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Press Release: Pace University Holds “Pride Hoops” Night to Promote LGBTQ Inclusion

12/10/18

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"Yahoo News" featured Pace Haub Law School Professor Mimi Rocah in "New Mueller filing: Flynn sat for 19 interviews with Mueller, DOJ attorneys"

12/06/18

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"Just Security" featured Pace Haub Law School Professor Mimi Rocah in "The Early Edition: December 5, 2018"

12/06/18

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"Salon" featured Pace Haub Law School Professor Mimi Rocah in "Legal experts ridicule conspiracist's claim to have filed a “criminal ..."

12/06/18

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"Bloomberg Law" featured Pace Haub Law School professor Lissa Griffin in "Manafort Shadow Looms Over Supreme Court Double Jeopardy Case"

12/06/18

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"The Observer Online" featured Pace University's defensive football player Dustin Huseinovic in "Harrison’s Huseinovic enjoys great freshman year at Pace"

12/06/18

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Press Release: Global Business Leader and Philanthropist Robert S. Tucker Joins Pace Board of Trustees

12/06/18

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Press Release: Hispanic Heritage Foundation’s Youth Awards Honor New York Area High School Seniors for Leadership in the Classroom and Community

12/06/18

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"The Sunday Dispatch" featured Pace University's senior field hockey midfielder Katrina Mikitish in "Next Level: Pittston Area grad Katrina Mikitish reaches national semifinals"

12/05/18

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"Market Watch" featured Pace University's Birnbaum librarian Alicia Joseph-Marino in "These colleges are letting students pay late fees and parking tickets by feeding the hungry "

12/05/18