Paul L. Caron

Monday, January 26, 2015

U.S. News College Efficiency Rankings

U.S. News General Logo (2015)U.S. News & World Report, Data Show Which Top-Ranked Colleges Operate Most Efficiently:

Ohio's Miami University—Oxford took top honors as the most efficient school among National Universities and Michigan's Hope College was most efficient among National Liberal Arts Colleges in an exclusive U.S. News analysis that compared spending and educational quality.

For this analysis, U.S. News looked at the public and private colleges that scored the highest on overall undergraduate academic educational quality, as measured by their position in the 2015 Best Colleges rankings, but that spent relatively less on their educational programs to achieve that quality.

U.S. News measures financial resources by taking into account how much a school spends per student on instruction, research, student services and related educational expenditures. The financial resources indicator has a 10 percent weight in the Best Colleges ranking methodology.

The lists below are based on operating efficiency, which U.S. News has defined as a school's 2013 fiscal year financial resources per student divided by its overall score – the basis U.S. News uses to determine its overall numerical rank – in the 2015 Best Colleges rankings.

This calculation reveals how much each school is spending to achieve one point in its overall score and thus its position in the rankings. The premise of the analysis is that the less a school spent relative to its position in the overall rankings, the more efficient it was in its ability to produce a top-quality education.

SchoolU.S. News RankOverall ScoreFinancial Resources RankSpending Per Student For Each Point in Overall Score
Miami Univ. (OH) 76 50 205 $383.66
Florida State 95 47 214 $392.77
Alabama 88 48 198 $423.02
SUNY-Binghamton 88 48 185 $437.23
William & Mary 33 67 110 $441.82
BYU 62 56 156 $457.29
Indiana 76 50 156 $469.00
Clemson 62 56 138 $486.02
Missouri 99 46 171 $499.61
Clark 76 50 145 $502.24

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This is an analysis which assumes that US News rankings are a vakid measure of something, which has been shown to be a false assumption.

Posted by: Hugh | Jan 26, 2015 12:09:49 PM

For once, this seems like a meaningful statistic, not perfect but intellectually honest.

Posted by: mike livingston | Jan 27, 2015 2:01:45 AM