Posted by Jay Watson on Friday, November 8, 2013
Earlier this fall, when U.S. News and World Report released their 2014 listing of top national universities, Vanderbilt was ranked number 17 nationally for the second year in a row. While a lot of attention gets paid to this marquee list every year, U.S. News also puts together other rankings as well, like the top engineering schools and the top schools according to high school counselors, both lists on which Vanderbilt appeared again this year. But one list that I think should get more attention is the U.S. News ranking of “Best Value Schools.” This year, Vanderbilt jumped five spots in the ranking all the way to number 11 nationally.
The “Best Value” list measures both quality and affordability. In their methodology, U.S. News evaluates three components: the ratio of quality and cost, the number of students receiving need-based financial aid, and the percentage of cost covered by financial aid. As the high ranking indicates, these are areas where Vanderbilt excels, but let’s take a closer look at the details.
And while these measures are impressive, they don’t even consider all of the sources from which Vanderbilt students receive aid. When you factor in merit-based scholarships and other sources as well, over 60% of Vanderbilt students receive some type of assistance to attend Vanderbilt.
Vanderbilt’s unwavering commitment to our Opportunity Vanderbilt financial aid program provides the foundation for these strong value rankings. Opportunity Vanderbilt includes three important promises:
First: Since talent and promise recognize no social, cultural, economic, or geographic boundaries, our admissions process is need-blind for U.S. Citizens and eligible non-citizens.
Second: Vanderbilt will meet 100% of a family’s demonstrated financial need for all admitted undergraduate students.
Third: Financial aid awards do not include loans. Instead of offering need-based loans to undergraduate students, Vanderbilt offers additional grant assistance.
With such a strong commitment to affordability, it’s no wonder that Vanderbilt is being recognized as a top value. To learn more about your eligibility for financial aid at Vanderbilt, try out our Net Price Calculator, which uses your specific financial information to create an estimate of your need-based aid eligibility and out-of-pocket costs.
Posted in College Rankings, Scholarships and Financial Aid and tagged: Access, affordable, Financial Aid, Need-Based Financial Aid, opportunity vanderbilt, US News and World Report, Vanderbilt Merit Scholarships
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