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Washington Monthly September/October 2012

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Washington Monthly September/October 2012 INTRODUCTION: A DIFFERENT KIND OF COLLEGE RANKING By the Editors n the last twelve months, public anxiety about student need information to make choices in a complicated market. debt has reached a boiling point. The Occupy protests But rankings that push individual colleges to heedlessly raise I that began in 2011 included large numbers of unem- prices help precipitate a collective crisis that threatens to ployed young college graduates with five-figure indentures undermine institutions that are vital to the nation’s future to the higher education–banking complex. In recent months, prosperity and civic life. total outstanding student loan debt topped $1 trillion, more That’s why, since 2005, the Washington Monthly has than Americans owe on credit cards. published rankings that pose a different question: What Congressional hearings and calls for massive debt for- are colleges doing for the country? After all, higher educa- giveness marked a growing realization that higher educa- tion matters to more than just the people who attend. We tion’s three-decade binge of tuition hikes—during which col- all benefit when university researchers produce ground- lege prices tripled after inflation—has degraded the bargain breaking research in science, medicine, and technology. society strikes with its young people. In the not-so-distant past, most undergraduates could rely on a combination of work and parental support to get a bachelor’s degree debt For more on our rankings and the latest in free. No longer. Today nearly two-thirds of undergraduates higher education reform news, go to the leave college with debt averaging more than $25,000. In more College Guide section of our Web site, at extreme cases, twenty-one-year-olds are burdened with six- WashingtonMonthly.com/College_Guide figure obligations, in the worst job market in decades. As a nation, we are inadvertently conducting a grand so- cial experiment in which a new generation of young people We’re all affected by the productivity of our knowledge is starting life attached to a financial ball and chain. Ameri- workers and the integrity of our college-educated lead- cans have long looked to higher education as a source of so- ers. And we all pay for it through hundreds of billions of cial mobility and public good. Increasingly, it is becoming dollars in public subsidies to higher education, costs that something much different, and much worse: a narrowing ap- are rapidly increasing in response to tuition increases that erture of opportunity through which only the children of the never seem to end. wealthy emerge unscathed. The Washington Monthly rankings are based on three But you wouldn’t know it by reading the latest U.S. News factors. The first is social mobility, which gives colleges credit & World Report college rankings. That well-known list actual- for enrolling many low-income students and helping them ly rewards colleges for spending more money, raising prices, earn degrees. The second recognizes research production, and shutting out all but the most privileged students. While particularly at schools whose undergraduates go on to earn the college cost crisis has many causes, including stingy state PhDs. Third, we value a commitment to service. The more -ex legislatures and institutions that have resisted becoming pensive college becomes, the more students are encouraged more cost-effective, the relentless chase for status is unde- to see higher education as a mere return on investment. The niably driving prices up. There’s nothing wrong with rank- students in our best colleges are taught by example and de- ings per se—colleges need outside scrutiny and students sign to look beyond themselves and give back. Washington Monthly 27 TOP 30 ing colleges by social mobility, research, and service pro- NAO TI NAL UNIVERSITIES duces surprising results. Some famous (and expensive) col- R ANK IN U.S. leges that routinely top the U.S. News rankings fare poor- NEWS (2012) ly by our lights, while some far less costly institutions are 1. UNIVERSITY OF CALIFORNIA–SAN DIEGo (CA) 37 providing huge benefits to their students and their nation. 2. Texas A&M University (TX) 58 Here are highlights from the 2012 Washington Monthly col- lege rankings. 3. Stanford University (CA) 5 4. Univ. of North Carolina–Chapel Hill (NC) 29 Public Trust 5. University of California–Berkeley (CA) 21 6. University of California–Los Angeles (CA) 25 When the U.S. News rankings were first published in the 7. Case Western Reserve University (OH) 38 1980s, some public universities ranked near the top. But 8. University of Washington–Seattle (WA) 42 over time, publics have been overtaken by private institu- tions working from a standard playbook: spend more, charge 9. University of California–Riverside (CA) 97 more, and cater almost exclusively to the rich and upper- 10. Georgia Institute of Technology–Main (GA) 36 upper-middle class. Our national rankings, by contrast, are 11. Harvard University (MA) 1 far more hospitable to what sometimes seems like an en- 12. Univ. of Texas–El Paso (TX) Rank not published dangered species: accessible, affordable, high-quality public 13. University of Michigan–Ann Arbor (MI) 28 universities. The University of California, San Diego is, as in 14. University of California–Santa Barbara (CA) 42 2011, our top-ranked national university. Six of our top twen- ty universities hail from the UC system, a testament to their 15. Massachusetts Institute of Technology (MA) 5 commitment to enroll an economically diverse student body 16. University of Notre Dame (IN) 19 while supporting world-class research. Tragically, the system 17. University of California–Davis (CA) 38 has been rocked by budget cuts and price increases in recent 18. University of Wisconsin–Madison (WI) 42 years. We hope this trend is reversed before the UC campuses 19. Cornell University (NY) 15 fade from prominence. 20. Princeton University (NJ) 1 Well-known private universities, by contrast, look dif- ferent when judged by our criteria. Yale is only forty-first 21. University of Florida (FL) 58 on our ranking. New York University, which has floated to 22. Univ. of Illinois–Urbana-Champaign (IL) 45 national prominence on a sea of student debt, is seventy- 23. University of Texas–Austin (TX) 45 seventh. NYU ranked thirty-three places higher in 2011, 24. College of William and Mary (VA) 33 but our new cost-adjustment measure penalizes it for being 25. Tufts University (MA) 29 among the most expensive universities in America. Similarly, 26. Duke University (NC) 10 Northeastern University in Boston has climbed eighty-eight places in the U.S. News rankings since 2001, all the way to 27. University of Pennsylvania (PA) 5 sixty-second, within shouting distance of the coveted “First 28. University of Minnesota–Twin Cities (MN) 68 Tier.” We rank Northeastern number 237, in the bottom 20 29. University of Chicago (IL) 5 percent of all national universities. Why? Because North- 30. Vanderbilt University (TN) 17 eastern doesn’t enroll very many low-income students, grad- uates fewer students than it should, and is unusually expen- sive. Most national universities are better than Northeast- And because the cost of higher education has become ern at graduating students who go on to earn PhDs, and the so crucial, we have added a new factor to our college rank- university’s faculty research awards and service statistics are ings this year. The social mobility measure that rewards col- mediocre. Universities that purchase a facade of greatness leges with better-than-expected graduation rates has been are recognized by U.S. News, but not by us. improved to account for college prices. Colleges that are both effective and inexpensive get the highest marks. As Robert Liberal Values Kelchen and Rachel Fishman explain in more detail on page 31, some institutions are doing an outstanding job while Our ranking of liberal arts colleges also reveals institutions keeping prices low at the same time, helping students earn that stand out in unconventional ways. Bryn Mawr is ranked valuable diplomas without being shackled by debt. first this year, continuing a long tradition of women’s colleg- The complete list of our national university rankings es serving their country. Berea College in Kentucky is ranked begins on page 54, liberal arts colleges on page 68, and mas- third, far above its U.S. News position, because it enrolls a pre- ter’s universities and baccalaureate colleges on page 80. dominantly low-income student population and charges no Some of the names are familiar. But others show that rank- tuition. Most colleges with 90 percent of students eligible for 28 September/October 2012 Pell Grants struggle to graduate even half of their students; at TOP 30 Berea nearly two-thirds finish in a reasonable amount of time. LIBERAL ARTS COLLEGES Tougaloo College, a small, private, historically black in- R ANK IN U.S. stitution in Mississippi, has struggled financially in recent NEWS (2012) years. But it continues to enroll large numbers of low-income 1. BRYN MAWR COLLEGE (PA) 25 students, graduate more of them than expected, and keep 2. Swarthmore College (PA) 3 prices low. Tougaloo also ranks above better-known colleges 3. Berea College (KY) 71 in research, helping to put the college in the top twenty on our rankings. The Johnnies of St. John’s College in Maryland 4. Carleton College (MN) 6 (number nineteen) remain proudly independent, sticking to 5. Harvey Mudd College (CA) 18 a “Great Books” curriculum even as many colleges eschew 6. New College of Florida (FL) 94 any curriculum at all. It’s not for everyone, which is prob- 7. Williams College (MA) 1 ably why the college’s 73 percent graduation rate, while re- 8.
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