SKOKIE, Ill., June 1 /PRNewswire/ -- On April 30, 2004, Consumers Digest
issued a press release announcing publication of a list of the 75 top values
in public and private colleges and universities. An erroneous list of the Top
5 public schools, including Oklahoma State University, University of Georgia,
University of Michigan-Dearborn, Louisiana State University and University of
Hawaii-Manoa, was provided. The release should have named Florida
International University, Eastern Oregon University, California Polytechnic
State University, North Dakota State University, and North Georgia College and
State University as those Top 5 Best Values in public colleges and
universities. Note: The list of Top 5 private schools was accurate. A
corrected version of the release follows.
APRIL 30, 2004-Seventy-five colleges and universities out of some 3,500
schools have been ranked as the top values across the United States by
Consumers Digest Magazine. The rankings are based on several attributes that
validate or define the institutions' academic prowess factored against the
annual cost of tuition and room-and-board. Among 50 public institutions cited,
Florida International University ranked No. 1. Among 25 private institutions,
Brigham Young-Hawaii took top honors.
The rankings (the full list can be found at
http://www.consumersdigest.com ) were derived from a formula that blended
academic excellence of first-time freshmen at a school (standardized test
scores, high-school rank, grade-point average) with the institution's
educational quality (student-to-faculty ratio, graduation rate, percentage of
faculty holding a PhD or terminal degree). That "value-index" score was
factored with the estimated cost of attending each school to determine which
schools offered the most academic value per dollar.
"Consumers Digest's mandate has always been to provide expert opinions and
recommendations in regard to products and services important to American
consumers," says Randy Weber, publisher, Consumers Digest. "Our examination of
this country's higher-learning institutions should help parents and students
find schools that meet families' performance and financial requirements."
Joining Florida International University in the top-five Best Values for
Public Colleges and Universities were Eastern Oregon University at No. 2
followed by California State Polytechnic University, North Dakota State
University, and North Georgia College and State University.
Following behind Brigham Young University-Hawaii among the top-five Best
Values for Private Colleges and Universities were Brigham Young University,
Lane College (Jackson, Tenn.), Grove City College (Grove City, Pa.) and
MidAmerica Nazarene University (Olathe, Kan.).
Consumers Digest first whittled down the list of colleges and universities
based on a minimum level of academic performance by students these
institutions accepted. This produced a list of 125 public and 132 private
For public schools, Consumers Digest only considered nonresident tuition
figures, since attending a public school as a resident almost always offers
the best value.
Military institutions and extremely specialized colleges that do not
charge tuition were not included. Since financial aid varies dramatically, it
was not factored into tuition/room-and-board costs.
"The price of attending a university or college often exceeds $20,000 per
year," says Weber. "Our analysis was done to help families make an informed
decision that puts their hard-earned money to the best use."
The list of CD's Top 75 College Values accompanied an article called
"Making College More Affordable," which likewise educates families on ways to
lower the financial outlay necessary for a college education.
Consumers Digest, launched in 1959, is designed to inform and educate
readers so they can buy with confidence, no matter the product or service. The
magazine is committed to providing practical advice, factual evaluations and
specific recommendations that lead consumers to exceptional values in today's
SOURCE Consumers Digest