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What We’ve Learned in 30 Editions of the Best Colleges Rankings

This college search thing can be a little intimidating, especially if you’re going through it for the first time. This is our 30th go-round at U.S. News, so we feel like we’ve got some experience worth sharing.

We’re proud of the fact that, with last week’s launch of the 2015 edition, the U.S. News Best Colleges rankings have now been published 30 times, starting in 1983. Over the years, we’ve improved our information and sharpened our focus, with our primary objective being to help students and their parents make one of life’s major decisions.

There was a big void in that kind of information when we started this project. Colleges, like a lot of institutions, are not always eager to share facts, especially when doing so opens them up to comparisons with their competitors. In the early days, many schools did not want to cooperate with us.

Some education experts said we were making the college evaluation process too simple. We disagreed, and the positive response from our readers assured us that we were on the right track. We’ve played a key role in the years since in making all college information more standard, more reliable and more useful.

U.S. News started the rankings for the same reason we do them today: A college education is one of the most important — and most costly — investments that people ever make. Prospective students and their parents need objective measures that allow them to evaluate and compare schools; the rankings are one tool to help them make choices.

This perspective is more relevant than ever with some private colleges now costing around $250,000 for a bachelor’s degree. At the same time, many public high schools have greatly reduced their college counseling resources, leaving students and parents to educate themselves about the admissions process.

Of course, we have changed our ranking methodology formula over the years to reflect changes in the world of higher education. We make it clear that we are not doing peer-reviewed social science research, though we do maintain very high survey and data standards. We have always been open and transparent. We have always said that the rankings are evolving and not perfect.

The first rankings were based solely on schools’ academic reputation among leaders at peer institutions; in the late 1980s, we developed a ranking methodology in which reputation accounted for 25 percent of a school’s score and important quantitative measures such as graduation and retention rates, average class size and student-faculty ratios, for 75 percent.

Over time, we have shifted weight from inputs (indicators of the quality of students and resources) to outputs (success in graduating students). We operate under this guiding principle: The methodology is altered only if a change will better help prospective students compare schools as they’re making decisions about where to apply and enroll.

It has helped us a great deal to have these principles to focus on as we have faced the inevitable and continuous criticisms from academia about our rankings and their growing influence. One main critique remains: that it is impossible to reduce the complexities of any given college’s offerings and attributes to one rank number.

Indeed, it’s important to keep in mind that our information is a starting point. The next steps in a college search should include detailed research on a smaller list of choices, campus visits and conversations with students, faculty and alumni wherever you can find them.

Feedback from academia has helped improve the rankings over time. We constantly meet with our critics, listen to their points of view, debate them on the merits of what we do and make appropriate changes.

In the process of helping consumers, U.S. News provides colleges a great deal of free exposure to potential applicants; our Internet traffic for education nears 10 million visitors a month, with more than 10 percent coming from foreign countries. U.S. News is on balance helping, not hurting, colleges. And the Best Colleges rankings are a part of the still-evolving higher education accountability movement.

Universities are increasingly being held responsible for their educational policies, how their funds are spent, the level of student engagement and how much graduates have learned. The U.S. News rankings have become the annual public benchmark to measure the academic performance of the country’s colleges and universities.

We know our role has limits. The rankings should only be used as one factor in the college search process and not as the sole basis upon which to choose one school over another. Besides the rankings, we can help college-bound high school students and their parents with a great deal of information on all aspects of the application process, from getting in to getting financial aid. Our website has thousands of pages of research, sortable data, photos, videos and a personalized tool called College Compass.

We’ve been doing this for 30 years, so we know the process is not simple. But our experience tells us the hard work is worth it in the end.

This is excerpted from the U.S. News “Best Colleges 2015” guidebook, which features in-depth articles, rankings and data.

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What We’ve Learned in 30 Editions of the Best Colleges Rankings originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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