Washington Monthly, which ranks universities based on research production, commitment to service and social mobility, has named Willamette University as the 25th most affordable liberal arts school in the nation.
Willamette scored the highest among liberal arts colleges in Oregon for getting the “best bang for your buck.” According to the magazine, the listing measures “colleges in America that do the best job of helping non-wealthy students gain marketable degrees at affordable prices.”
“Bang for the Buck” includes four criteria:
- Schools must have at least 20 percent of undergraduates receiving Pell Grants, which go to students of modest means;
- They must have a graduation rate of at least 50 percent;
- Each school’s graduation rate must meet or exceed the rate that would be statistically predicted for that school, given the number of lower-income students admitted;
- Schools must have a student loan default rate of 10 percent or less.
This is the first year the magazine has compiled “Bang for the Buck” rankings.