Originally created 08/14/97

Caltech named Money magazine's best college buy



NEW YORK (AP) - The $18,816 tuition may seem pricey, but Money magazine says California Institute of Technology is the best college buy in the nation.

The reason?

One teacher for every three students and an average of $47,677 spent on each undergraduate - more than any other college in the United States and well above the national average of $5,110.

Caltech also boasts 24 Nobel Prize-winning professors and alumni. And almost every member of its faculty has a doctorate, compared with a national average of 54 percent, Money reported Wednesday in naming the college the nation's best buy for the second consecutive year.

No. 2 on the list was Rice University, replacing New College of the University of South Florida, which dropped to sixth this year. New College was No. 1 from 1993 through 1995.

Georgia's highest ranked school was Spellman College in Atlanta at No. 5. Clemson University was the highest ranked South Carolina college at No. 32. Other Georgia and South Carolina colleges in the top 100 were Georgia Institute of Technology, No. 24; The University of Georgia, No. 27; University of South Carolina-Columbia, No. 69; Berry College, No. 81; Wesleyan College, No. 89.

Money analyzed 16 measures at 1,115 four-year colleges, including entrance exam results, faculty resources and deployment, library resources, instruction and student services budgets, graduation rates, and default ratios on student loans.

The monthly magazine then compared that data with tuition and fees to reach a value rating and rank the top 150 colleges for its September issue.

Debuting on the list at No. 9 was State University of New York at Geneseo, a liberal-arts oriented school that boasts small classes and individual attention.

The University of Florida, perhaps best known as a football power, also moved onto the list for the first time this year at No. 10 on the strength of its numerous majors, rigorous academic standards, and superior faculty and facilities, the magazine said.

The Ivy League didn't fare particularly well as a bargain. Yale ranked 21st, Harvard was 43rd, Dartmouth 90th and Princeton 98th. Cornell and Columbia didn't crack the top 100, but made the 101-150 section, where schools are listed alphabetically.

Money magazine's rankings of the best college buys

Money magazine's rankings of the best buys in college education. The top 100 are ranked and the 50 runners-up are listed in alphabetical order because they finished so close to one another, Money said. Georgia and South Carolina colleges are highlighted.

1. California Institute of Technology

2. Rice University (Texas)

3. University of North Carolina-Chapel Hill

4. State University of N.Y.-Binghamton

5. Spelman College (Ga.)

6. New College of the University of South Florida

7. College of New Jersey

8. Truman State University (Mo.)

9. State University of N.Y.-Geneseo

10. University of Florida

11. Grove City College (Pa.)

12. Mary Washington College (Va.)

13. State University of N.Y.-Albany

14. Rutgers University-New Brunswick (N.J.)

15. University of Washington

16. St. Mary's College of Maryland

17. University of Texas-Austin

18. University of Illinois-Urbana/Champaign

19. James Madison University (Va.)

20. Hanover College (Ind.)

21. Yale University (Conn.)

22. Hendrix College (Ark.)

23. University of Virginia

24. Georgia Institute of Technology

25. Ohio University

26. State University of N.Y.-Stony Brook

27. University of Georgia

28. Drury College (Mo.)

29. State University of N.Y.-Buffalo

30. State University of N.Y.-Fredonia

31. Oklahoma City College

32. Clemson University (S.C.)

33. Florida State University

34. University of California-Berkeley

35. University of California-Irvine

36. Southwestern College (Kan.)

37. Howard University (Washington, D.C.)

38. Fisk University (Tenn.)

39. Hillsdale College (Mich.)

40. Samford University (Ala.)

41. Washington and Lee University (Va.)

42. Siena College (N.Y.)

43. Harvard University (Mass.)

44. University of the South (Tenn.)

45. Baylor University (Texas)

46. University of Massachusetts-Amherst

47. Birmingham-Southern College (Ala.)

48. University of Iowa

49. Harvey Mudd College (Calif.)

50. College of William and Mary (Va.)

51. Duquesne University (Pa.)

52. Pennsylvania State University

53. Wabash College (Ind.)

54. Muskingum College (Ohio)

55. University of Wisconsin-Madison

56. Westminster College (Mo.)

57. Trinity University (Texas)

58. University of California-Los Angeles

59. University of California-Riverside

60. Johns Hopkins University (Md.)

61. St. John's University (Minn.)

62. University of Cincinnati (Ohio)

63. Illinois College

64. University of Delaware

65. Miami University (Ohio)

66. Creighton University (Neb.)

67. Millsaps College (Miss.)

68. Massachusetts Institute of Technology

69. University of South Carolina-Columbia

70. William Jewell College (Mo.)

71. Wheaton College (Ill.)

72. Tabor College (Kan.)

73. Doane College (Neb.)

74. Claremont McKenna College (Calif.)

75. Emory and Henry College (Va.)

76. Nebraska Wesleyan University

77. Virginia Polytechnic Institute

78. Le Moyne College (N.Y.)

79. Bluffton College (Ohio)

80. Pomona College (Calif.)

81. Berry College (Ga.)

82. Northwestern University (Ill.)

83. Centre College (Ky.)

84. Texas A&M University-College Station

85. McPherson College (Kan.)

86. St. Vincent College (Pa.)

87. Grinnell College (Iowa)

88. Southwestern University (Texas)

89. Wesleyan College (Ga.)

90. Dartmouth College (N.H.)

91. St. Bonaventure University (N.Y.)

92. Providence College (R.I.)

93. Humboldt State University (Calif.)

94. University of Notre Dame (Ind.)

95. Stonehill College (Mass.)

96. Wake Forest University (N.C.)

97. New Jersey Institute of Technology

98. Princeton University (N.J.)

99. University of Maryland-College Park

100. St. Olaf College (Minn.)

101-150 are listed alphabetically

Auburn University (Ala.)

Austin College (Texas)

Benedictine University (Ill.)

Centenary College of Louisiana

Central College (Iowa)

College of Mount St. Joseph (Ohio)

College of Mount St. Vincent (N.Y.)

Columbia University (N.Y.)

Cornell University (N.Y.)

Erskine College (S.C.)

Furman University (S.C.)

Gordon College (Mass.)

Indiana University-Bloomington

John Carroll University (Ohio)

Kentucky Wesleyan University

Keuka College (N.Y.)

Martin Luther College (Minn.)

Nazareth College of Rochester (N.Y.)

North Carolina State University

Ottawa University (Kan.)

Rockhurst College (Mo.)

Rose-Hulman Institute of Technology (Ind.)

Russell Sage College (N.Y.)

Rutgers University-Camden (N.J.)

Rutgers University-Newark (N.J.)

St. Michael's College (Vt.)

Salem College (N.C.)

Sarah Lawrence College (N.Y.)

Seton Hill College (Pa.)

Stanford University (Calif.)

State University of N.Y.-Oneonta

State University of N.Y.-Plattsburgh

Swarthmore College (Pa.)

Sweet Briar College (Va.)

Thomas More College (Ky.)

Transylvania University (Ky.)

Trinity Christian College (Ill.)

University of California-Davis

University of California-Santa Barbara

University of California-Santa Cruz

University of Dallas (Texas)

University of Minnesota-Twin Cities

University of Missouri-Columbia

University of Pittsburgh-Pittsburgh (Pa.)

Virginia Military Institute

Washington University (Mo.)

Westminster College (Pa.)

Wisconsin Lutheran College

Wofford College (S.C.)

Xavier University (Ohio)