Pomona College Ranked #13 in Kiplinger's "Best Private College Values"
Pomona College has been listed at #13 among the nation’s “100 Best Private College Values” by Kiplinger’s Personal Finance Magazine (December 2003). The magazine initially considered a pool of 1300 private schools, and then tanked the top 100 colleges and universities by a combination of quality and cost components.
According to the accompanying story, “Best Values in Private Colleges,” Kiplinger’s “looked at total cost (tuition, mandatory fees, room and board, and estimated expenses for books and supplies), the average cost for a student with need after subtracting out need-based grants (but not loans), the average cost for a students without need after subtracting merit grants, the percentage of all financial aid that comes from grants and the average debt accumulated before graduation… The scoring places greater weight on quality – which accounts for two-thirds of the final score – than cost. The reason is simple,” say the authors Brian Knestout and Elizabeth Kountze, “A good value isn’t necessarily the colleges that charges the lowest price.”
While there are a number of college surveys, college administrators were pleased that Pomona’s academic excellence and its commitment to meeting the financial need of all of their students were recognized in the Kiplinger study. "I am pleased that Pomona's reputation as one of the top liberal arts colleges in the country has been recognized in this survey,” said David Oxtoby, president of Pomona College. “It is also very satisfying to receive this kind of recognition for our financial aid policies which bring the cost of a Pomona education within the reach of the families of all our admitted students."
Pomona College is the founding member of The Claremont Colleges, a consortium of five independent undergraduate and two graduate institutions. Three of Pomona’s sister schools were also named among the top 100: Claremont McKenna College ranked 28th, Harvey Mudd College 52nd; and Scripps College at 76th. The California Institute of Technology was rated #1.