Ranking Virginia Colleges

The USDOE has a Web page, it’s “College Scorecard,” with data on colleges and universities.

Here are the data for Virginia’s public colleges and universities, sorted by Bang/Buck:

  Avg. Cost Grad’n Rate Salary Bang/Buck
UVA  $  17,863 94%  $  60,100 3.2
W&M  $  17,194 90%  $  55,000 2.9
VMI  $  17,296 73%  $  59,200 2.5
VPI  $  19,691 83%  $  59,000 2.5
JMU  $  18,412 82%  $  52,600 2.3
GMU  $  18,738 67%  $  57,300 2.0
Mary Washington  $  20,595 73%  $  48,500 1.7
ODU  $  13,067 51%  $  42,500 1.7
Radford  $  16,560 59%  $  42,200 1.5
Longwood  $  18,457 65%  $  39,600 1.4
Chris. Newport  $  21,532 66%  $  42,500 1.3
VCU  $  20,723 58%  $  41,400 1.2
VSU  $  14,337 41%  $  33,800 1.0
Norfolk State  $  11,920 33%  $  33,100 0.9

Notes on the table:

  • Average Cost is “The average annual net price for federal financial aid recipients, after aid from the school, state, or federal government. For public schools, this is only the average cost for in-state students.”
  • Graduation Rate is “The graduation rate after six years for schools that award predominantly four-year degrees and after four years for all other schools. These rates are only for full-time students enrolled for the first time.”
  • Salary is “The median earnings of former students who received federal financial aid, at 10 years after entering the school.”
  • Bang per Buck value is calculated as (Salary*Graduation Rate)/(Avg. Cost).
  • The Web page does not tell us the year(s) of the data.  For sure, the salary data are for folks who graduated more than ten years ago.

Of course, Excel is glad to plot these data.  On the graphs below, UVA is the red diamond and W&M is the green.

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