Misericordia University was named to MONEY Magazine's 2017-18 Best Colleges list, the second highest ranked college or university in Luzerne and Lackawanna counties.
Misericordia earned a ranking of 261 out of the 711 schools listed, climbing 222 places in the national ranking since 2015. Several data elements earned Misericordia its lofty status, including 99 percent of students receiving financial aid; a 71-percent acceptance rate; an average SAT score of 1070 and 24 for ACT, and an average annual salary for graduates of $45,300 within five years of graduation – a figure that has increased from $40,600 in 2015.
In its fourth year, the ranking helps parents and students determine which of the nation's approximately 2,400 four-year colleges and universities "provide real value for their tuition dollars," according to new.money.com/money/best-colleges/rankings/best-colleges/. The ranking recognizes "educational quality, affordability and alumni success."
After first screening out colleges and universities with graduation rates below the median, those facing financial difficulties, and those with fewer than 500 undergraduates, MONEY also screened out military academies that require a commitment of service in exchange for free tuition. The remaining 711 U.S. colleges were ranked on 27 factors in three categories: educational quality - including six-year graduation rate; affordability – including net price of a degree and student debt upon graduation, and outcomes (alumni success) – including early career earnings within five years of graduation, mid-career earnings and earnings adjusted by majors based on reports from PayScale.com.
MONEY also measured comparative value by assessing the college's mix of majors, and how well students at each school did versus what would be expected for students with similar economic and academic backgrounds.
Among the factors considered in the ranking were merit aid, parent and student borrowing, and loan repayment, according to MONEY. A statistical technique turns all data points into a single score, and those scores determine the ranking of each eligible institution of higher education.
A new consideration this year, according to the announcement, included data developed by Stanford economist Raj Chetty that shows how many low-income students propelled into the upper middle class over the past 20 years – highlighting colleges that help students achieve the American dream.
"We are pleased MONEY magazine continues to see the value in a Misericordia degree,'' said Misericordia University President Thomas J. Botzman, Ph.D. "Financial aid, graduation rate and alumni success are an important barometer to measure how successfully a college is living its mission and preparing its students to succeed in life and their chosen careers."
For more information about Misericordia University, please call (570) 674-6400 or visit www.misericordia.edu. Founded by the Sisters of Mercy in 1924, Misericordia University is Luzerne County's first four-year college and offers 45 academic programs on the graduate and undergraduate levels in full- and part-time formats. Misericordia University ranks in the top tier of the Best Regional Universities – North category of U.S. News and World Report's 2017 edition of Best Colleges, and the Princeton Review recognizes MU as a 2017 Best Northeastern College, and is including in the 2017-18 "Best Colleges'' list compiled by MONEY Magazine.
Misericordia University has climbed 222 places in MONEY Magazine's annual Best Colleges list since its inception in 2015. Misericordia is 261st out of 711 eligible institutions in the 2017-18 rankings, the second highest ranked college or university in Luzerne and Lackawanna counties.