Grace Ranked Among 'Best Bang for the Buck' Colleges
July 28, 2016 at 4:25 p.m.
By Staff Report-
Colleges included on the list must meet four criteria: at least 20 percent of students must be receiving Pell Grants; they must have a graduation rate of at least 50 percent, and a fifth of these graduates must come from lower income households; each school’s actual graduation rate must meet or exceed the rate that would be statistically predicted for that school given the number of lower-income students; and to make sure their graduates are earning enough in the workforce to at least cover their student loans, schools must have a student loan default rate of 10 percent or less.
Out of the 1,572 colleges and universities in the broader rankings, only 349 made the cut as best-bang-for-the-buck schools. Grace College was ranked 11th in the Baccalaureate Colleges division, and was the fourth Indiana college listed overall.
This honor comes on the heels of Grace's recent ranking among the most efficient Midwest colleges by U.S. News and World Report, according to an announcement from Grace on its ranking.
“Placing 11th on the 2013 Baccalaureate ‘Best Bang for the Buck’ list is tremendously exciting for the Grace College community,” said Bill Katip, Grace College and Seminary president. “It shows that our efforts to bring a quality, affordable education to more students have been a great success so far.”
Grace College seeks to find a balance between pricing and value, according to the release, and maintains a strong student retention rate and provides competitive financial awards. Grace also partners with Trine University for Engineering and Bethel College for Nursing, and degree programs at commuter locations in Detroit, Fort Wayne and Indianapolis.
In a move the college says is an example of its affordability, Grace recently introduced new accelerated blended degree program for both bachelor’s and master’s degree programs. Students who take advantage of these programs receive a bachelor’s degree in three years and a master’s degree in four years, cutting the price and time of their education by a full year.[[In-content Ad]]
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Colleges included on the list must meet four criteria: at least 20 percent of students must be receiving Pell Grants; they must have a graduation rate of at least 50 percent, and a fifth of these graduates must come from lower income households; each school’s actual graduation rate must meet or exceed the rate that would be statistically predicted for that school given the number of lower-income students; and to make sure their graduates are earning enough in the workforce to at least cover their student loans, schools must have a student loan default rate of 10 percent or less.
Out of the 1,572 colleges and universities in the broader rankings, only 349 made the cut as best-bang-for-the-buck schools. Grace College was ranked 11th in the Baccalaureate Colleges division, and was the fourth Indiana college listed overall.
This honor comes on the heels of Grace's recent ranking among the most efficient Midwest colleges by U.S. News and World Report, according to an announcement from Grace on its ranking.
“Placing 11th on the 2013 Baccalaureate ‘Best Bang for the Buck’ list is tremendously exciting for the Grace College community,” said Bill Katip, Grace College and Seminary president. “It shows that our efforts to bring a quality, affordable education to more students have been a great success so far.”
Grace College seeks to find a balance between pricing and value, according to the release, and maintains a strong student retention rate and provides competitive financial awards. Grace also partners with Trine University for Engineering and Bethel College for Nursing, and degree programs at commuter locations in Detroit, Fort Wayne and Indianapolis.
In a move the college says is an example of its affordability, Grace recently introduced new accelerated blended degree program for both bachelor’s and master’s degree programs. Students who take advantage of these programs receive a bachelor’s degree in three years and a master’s degree in four years, cutting the price and time of their education by a full year.[[In-content Ad]]
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