Building a Better College Ranking System. Wait, Babson Beats Harvard?

Building a Better College Ranking System. Wait, Babson Beats Harvard?

“On Monday, Money magazine took its shot, releasing a new best colleges list focused on, unsurprisingly, money. While some elements of the rankings are familiar, the list is distinguished by the depth of its attention to a pair of questions on the minds of many students and parents. First, how much money will I actually have to pay — and, probably, borrow — to earn a diploma? Second, how much money will my diploma be worth in the job market when the time comes to pay my loans back?

The mark of a good new college rankings system — or, at least, an interesting one — is a deft combination of familiarity and surprise. Publish a list of nothing but unknown colleges and you lose credibility. Simply replicate the U.S. News hierarchy and you haven’t done anything worthy of attention. By this measure, the Money rankings are successful.

M.I.T., Stanford and the California Institute of Technology are all in the top 10. But so are Brigham Young, Harvey Mudd College and Babson College. Babson is a business-focused institution in Massachusetts that most people have probably never heard of. According to Money, it’s the No. 1 college in America.”

Anything to shake up the broken college rankings system is a good thing. In my heart of hearts, it hurts me that a classic liberal arts education is held in such a low regard in our society. Realistically, I want less people in debt, and a practical degree will help students pay off their horribly inflated loans.

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