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Moravian College named a Best Value in Private College by Kiplinger’s Personal Finance
Moravian ranked #89 among liberal arts college nationwide for academic quality and affordability
Bethlehem, Pa., October 17—Kiplinger’s Personal Finance magazine has included Moravian College on its list of the country’s best values in private colleges. Kiplinger’s annual list ranks 100 private universities and 100 liberal arts colleges. Moravian College is ranked #89 among liberal arts colleges nationwide. The full list is available online at www.kiplinger.com/links/college.
Moravian College and the other schools included in the 2014 lists represent the colleges that provide high-quality academics at a reasonable cost during these continued tough economic times. The colleges exemplify the attributes parents and students look for in higher education, including small class sizes, a good freshman retention rate and a high four-year graduation rate.
Although private schools generally carry higher sticker prices than public schools, private schools can actually be more affordable for students and their families because of the generous financial aid they offer. For example for the 2013-14 academic year, the average grant aid given to a Moravian student from institutional sources reduces the tuition cost from $34,938 a year to a much more affordable cost of $18,500. State and federal grant and loan programs for which students may be eligible reduce the out of pocket cost even further.
“With President Obama’s recent emphasis on rating colleges and universities based on their value, our rankings serve as a valuable resource to help students and families make more informed choices,” says Janet Bodnar, editor of Kiplinger’s Personal Finance magazine. “Combining a high-quality education with an affordable price tag is a challenge, but the colleges on this year’s list offer the best of both worlds.”
“Kiplinger’s findings confirm other data that shows Moravian College provides its students with an outstanding value in higher education,” said Michael Wilson, director of public relations and marketing. “Of those who earn a Moravian bachelor’s degree, 97% do so in four years, significantly higher than the national average. More than 90% of our graduates are either employed or attending graduate school within ten months of their graduation date. And Moravian has been ranked in top 25% of colleges and universities nationwide in surveys that examine our graduates’ return on investment (ROI).”
Kiplinger’s rankings measure academic quality and affordability. Academic criteria include the student admission rate (the number of students accepted out of those who apply), the test scores of incoming freshmen, the ratio of students to faculty members, and the four- and five-year graduation rates. On the cost side, Kiplinger’s measures the sticker price, the availability and average amount of need-based and merit-based financial aid, and the average student debt at graduation.
Moravian College is a private, coeducational, selective liberal arts college located in Bethlehem, Pennsylvania. Tracing its founding to 1742, it is recognized as America’s sixth-oldest college. Moravian partners with students to build a strong foundation for their future. Visit the College’s Web site at www.moravian.edu.
For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation's first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation's first personal finance magazine. Kiplinger.com is the fastest growing Web site in the personal finance space. Located in the heart of our nation's capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language.