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Money Magazine Names Neumann University Among 25 Most Affordable

most affordable private colleges in America

 

Money magazine has named Neumann University as one of the 25 most affordable private colleges in America. According to the magazine’s website, “Among the highest-ranked 665 private colleges on our Best Colleges list, earning a degree at these schools typically costs the least.”

 

Neumann was ranked #12 in the Most Affordable list.

 

To calculate affordability, the magazine researched and weighted four factors:

 

Net price of a degree (40%), or the estimated amount a typical freshman starting in 2014 will pay to earn a degree taking into account the college’s sticker price; the school’s average need, merit, and athletic financial aid; tuition inflation; and the average time it takes students to graduate from the school

   
 

Debt (40%), taking into account both student debt upon graduation (20%) and parent federal PLUS loans (20%)

   
 

Student loan default risk (10%), a calculation of the odds that a student at the college will end up being unable to pay back a federal student loan

   
 

Value-added student loan default risk (10%), adjusted for the economic and academic profile of the student body

 

Among the magazine’s sources for data were the Integrated Postsecondary Education Data System (IPEDS), Peterson’s, and Payscale.com. Approximately 98% of Neumann full-time undergraduate students receive some form of financial aid. In 2013, Neumann students received $52 million in financial aid from the university, federal and state grants, and other sources.

The list of 25 most affordable private colleges includes:

 

 1. Berea College, Kentucky

 2. Principia College, Illinois

 3.College of the Ozarks, Missouri

 4. Webb Institute, New York

 5. Brigham Young University, Utah

 6. Mississippi College, Mississippi

 7. Grove City College, Pennsylvania

 8. Rockhurst University, Missouri

 9. Presbyterian College, South Carolina

10. Doane College-Crete, Nebraska

11. Westminster College, Missouri

12. Neumann University, Pennsylvania

13. Saint Vincent College, Pennsylvania

14. Monmouth College, Illinois

15. Earlham College, Indiana

16. William Jewell College, Missouri

17. Cedarville University, Ohio

18. Centre College, Kentucky

19. College of Our Lady of the Elms, Massachusetts

20. Saint Norbert College, Wisconsin

21. Wabash College, Indiana

22. Augustana College, Illinois

23. Grinnell College, Iowa

24. Lake Forest College, Illinois

25. Messiah College, Pennsylvania

 

For more information on financial aid at Neumann University, visit www.neumann.edu/financialaid or email finaid@neumann.edu.


 

8/21/14

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