MIT is ranked eighth on The Princeton Review’s 2010 list of the nation's “Best Value” private colleges and universities.
“The Princeton Review Best Value Colleges for 2010” list, unveiled on Tuesday, Jan. 12, features 50 public and 50 private colleges and universities. Of the 50 schools in each category, the top 10 are ranked individually and the remaining 40 are listed in alphabetical order and unranked.
In an online profile of MIT, the editors at The Princeton Review commended the Institute for its admissions and generous aid policies.
“MIT regularly provides financial aid to between 60 percent and 75 percent of its undergraduates, with an average award reaching nearly $30,000. Of this aid, more than 90 percent is awarded in the form of scholarships,” the report said, noting that at MIT, all scholarships are awarded based on financial need. “Less than 1 percent of MIT’s financial aid awards are made in the form of loans, resulting in very little debt for MIT alums.”
The Princeton Review selected “Best Value” schools based on surveys of administrators and students at more than 650 public and private colleges and universities. The selection criteria covered more than 30 factors in three areas: academics, costs of attendance, and financial aid, using the most recently reported data from each institution for its 2008-09 academic year.
Visitors to The Princeton Review web site (at www.princetonreview.com/best-value-colleges.aspx) and USA TODAY web sites (at www.bestvaluecolleges.usatoday.com) can access the complete lists of 50 public and 50 private “Best Value” colleges. USA TODAY’s site features a database that allows users to view in-depth details about the schools by clicking on an interactive map to explore criteria including cost of attendance and financial aid data, enrollment size, location and The Princeton Review’s analysis of why each school was chosen as a “Best Value” college.