Michigan Tech a Best Value
Related Story HOUGHTON--Michigan Tech has been named one of the best values among
public colleges and universities in the United States by Kiplinger's
magazine.
In the magazine's October issue, it ranked Michigan Tech 49th among the
100 best college
buys in the country.
Kiplinger's made its rankings based on data supplied by Wintergreen-Orchard
House and by information provided by more than 1,800 educational institutions.
Selection criteria included graduation rates, retention of freshmen, admissions
selectivity, student-faculty ratios, how much the school spends per student
on instruction, and how much it spends to maintain library resources.
Magazine officials said that after the top 100 schools were selected
on quality alone, they were ranked on a combination of quality and cost
measures--total cost, percentage of financial need met for the average
student with need, average cost for students with need after subtracting
grants (but not loans), and average amount of debt a student accumulates
before graduation.
Overall, the formula placed greater weight on quality (71 percent) than
on cost (29 percent) because "value" is not synonymous with "cheap."
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09/19/00-MTN363
MTU
Among
100 Best College Buys