Texas A&M University is one the nation’s four “most affordable colleges with high return on investment,” according to new rankings by an online organization that focuses on affordability combined with high quality in higher education. Return on investment (ROI) reflects salaries received by college graduates in relation to the cost of their college education.
The 2013 rankings by AffordableCollegesOnline.org (ACO) spotlights the top 50 colleges that “provide students with the best bang for their buck after graduation,” note ACO officials, who say they reviewed the records of 875 colleges and universities.
In placing fourth nationally, Texas A&M is outranked only by Georgia Tech, State University of New York (SUNY) at New Paltz and the University of Virginia.
“It’s always gratifying to learn that Texas A&M is recognized nationally for providing affordable education in keeping with our high academic standards and that we are producing highly qualified graduates whose talents are recognized and rewarded in the marketplace,” notes President R. Bowen Loftin. “Having said that, we are certainly not surprised by this most recent and welcome confirmation of what has been our assessment for many years — that Texas A&M graduates are sought after in the workplace, perform admirably and are well rewarded for their successes.”
Texas A&M is the only Texas institution to rank among ACO’s top 10. The University of Florida is the only other Southeastern Conference school to rank among the top 25 institutions on the list.
“This is an important list for prospective students to consider,” says ACO founder Dan Schuessler. “Many students don’t have the financial means or are not comfortable taking on mounds of debt to attend an expensive college. The colleges ranked here are affordable yet still provide students a solid return on their tuition investment.”
ACO officials say that after developing their own process for determining affordability — using a combination of governmental data and assessments developed by highly respected organizations related to higher education — they incorporated findings by Payscale.com, which they consider the nation’s premier salary data collection organization. They say they were then able to determine which institutions’ 30-year net ROI were highest.
More than 3,000 employers, including 80 percent of the Fortune 100 companies, recruit at Texas A&M each year, according to records maintained at its Career Center. Personnel there report that job opportunities posted for Texas A&M students have increased significantly in recent years.
Also, Texas A&M is graduating students at a record rate. It awarded degrees to a record 7,175 students at its spring commencement exercises last week — approximately 300 more than were presented degrees in the spring of 2012.
More information about the rankings and a list of the top 50 institutions cited by ACO is available here.
Media contact: Lane Stephenson, News & Information Services, at (979) 845-4662