Money Magazine is out with its ranking of the Best Colleges for Your Money, listing — appropriately for this week — 711 institutions of higher learning that provide strong value for their cost. Among the 711, 18 from New Jersey made the cut, including three in the Top 50 and the No. 1 school overall.
Money said Monday that it developed its new ranking by considering colleges with at least 500 students; sufficient and reliable data; not be in financial distress; and have a graduation at or above the median for its category or have a high “value added” graduation rate.
The 711 colleges that met those criteria were then ranked on 27 factors in three categories. The three categories, each weighted equally, were: quality of education, including factors such as graduation rate and peer and instructor quality; affordability, including factors such as net price of a degree, student debt and loan risk; and outcomes, including factors such as graduates’ earnings and average job skills.
After all that, the colleges were given an overall score, and listed in order. (There were several ties.)
Coming in at No. 1 was New Jersey’s own Princeton University, while The College of New Jersey in Ewing came in at No. 24 and Rutgers University-New Brunswick was ranked No. 49.
Other New Jersey colleges were:
T124. Fairleigh Dickinson University-Metropolitan Campus, Teaneck;
T136. Ramapo College of New Jersey, Mahwah;
T138. Stevens Institute of Technology, Hoboken;
T172. New Jersey Institute of Technology, Newark;
T182. Montclair State University, Montclair;
T206. Stockton University, Galloway;
266. Saint Peter’s University, Jersey City;
T288. Seton Hall University, South Orange;
T296. Rowan University, Glassboro;
T341. Centenary University, Hackettstown;
T369. Kean University, Union;
T379. Monmouth University, West Long Branch;
T412. Rider University, Lawrenceville;
T642. Caldwell University, Caldwell;
T660. Drew University, Madison.
For the full list, click here.
For the complete methodology, click here.