We have seen some of the federal data on Virginia Colleges. Those data were restricted to “federal financial aid recipients.”
Turned around, those data give us a measure of the error rates of the admission departments of those schools.
Next, here are the graduation rates plotted against the costs for 2013-14 (school year selected to give a mid-course snapshot of the expenses facing the 2011 cohort).
The colors are for the same schools as in the previous pair of graphs.
In contrast to the federal data, the SCHEV salary data are difficult to incorporate here (for me, at least), so I’ve calculated a simplified bang per buck ratio from the graduation rate divided by the cost (x100,000 to get results in the 0-10 range).
Finally, here is the data table, sorted by graduation rate.