SUL ROSS RANKS HIGH IN ECONOMIC VALUE ACCORDING TO THE ECONOMIST SURVEY
Sul Ross State University ranks high in economic value – based on projected and actual earnings – according to a recent survey by The Economist.
The Economist’s rankings of 1,275 four-year, non-vocational colleges listed Sul Ross as 50th in the actual difference between expected earnings and median income. Median income for Sul Ross graduates was $38,000, or a $6,794 over-performance of the projected income of $31,206.
Just two Texas institutions, Texas A&M International (9th, $11,508 over projected income) and Texas Woman’s University (46th, $7,009 over) were ranked above Sul Ross. Dallas Christian (53rd, $6,570 over projected) was the only other state university or college listed in the top 100 of the survey.
“The Economist’s first-ever college rankings are based on a simple, if debatable, premise: the economic value of a university is equal to the gap between how much money its graduates and former students earn, and how much they might have made had they studied elsewhere,” according to the Oct. 29 article, “Our first-ever college rankings.”
“We have always known that Sul Ross is a great value, offering a high quality education at very reasonable tuition rates,” said Dr. Bill Kibler, Sul Ross President. “This assessment by The Economist confirms the economic value of a Sul Ross degree. This is good news indeed for our graduates and their families.”
Data from the U.S. Department of Education measured average SAT scores, sex ratio, race breakdown, college size, public or private institution, and the mix of subjects students chose to study.
The article continued, “We complemented these inputs with information from other sources: whether a college is affiliated with the Catholic Church or a Protestant Christian denomination; the wealth of its state (using a weighted average of Maryland, Virginia and the District of Columbia for Washington) and prevailing wages in its city (with a flat value for colleges in rural areas); whether it has a ranked undergraduate business school (and is thus likely to attract business-minded students); the percentage of its students who receive federal Pell grants given to working-class students (a measure of family income); and whether it is a liberal arts college.”
The entire article and rankings may be found at: http://www.economist.com/blogs/graphicdetail/2015/10/value-university