SJC Ranked as National Best Bang For The Buck College
September 05, 2013
BROOKLYN and PATCHOGUE, N.Y. September 6, 2013 St. Josephs College (SJC) was ranked by Washington Monthly as 31 on this years list of 349 "Best Bang for the Buck colleges in America. Of the 1,572 colleges and universities in the publications broad ranking, only 349 made the official list. SJC ranked in the top 40 for all colleges and universities and the top four in the nation for private colleges.
"We are delighted and gratified to see that St. Joseph's has been recognized as a college that provides a high quality education in a great array of disciplines at a very modest cost, said President S. Elizabeth A. Hill, C.S.J., J.D. "We are committed to academic excellence, access and affordability, and we really do give a great Bang for the Buck. We have done this for almost 100 years, and will continue to do so!
Washington Monthly, a 44-year-old magazine that covers politics, government, culture and the media out of Washington, D.C., created the "Best Bang for the Buck list to show which colleges and universities do the best job at offering moderate and low income students a marketable education at an affordable price.
To make the 2013 list, colleges and universities had to accomplish four criteria: at least 20 percent of students must receive Pell Grants; the graduation rate must be at least 50 percent; the graduation rate must meet or exceed the prediction for admitted lower-income students; alumni must be earning enough to at least cover their student loans and have a loan default rate of 10 percent or less. After compiling the information for the four criteria, schools were ranked according to their net price for attendance, or the cost of tuition that a first-time, full-time student is responsible for after need-based financial aid is subtracted.