William Woods University’s ROI again recognized
|8/12/2013||Mary Ann Beahon|
|FOR IMMEDIATE RELEASE||(573) 592-1127|
For the second time this summer, William Woods University has earned a place on a list of top Missouri colleges for return on investment.
AffordableCollegesOnline.org (AC Online) recently launched a new ranking, “AC Online: Highest Return on Investment Colleges in Missouri,” which analyzed 222 Missouri colleges and identified the 27 colleges where degrees pay off the most. WWU ranked #20.
Earlier, the College Database recognized William Woods University for providing high quality education at an affordable price. WWU was one of five private not-for-profit Missouri schools named.
“I am pleased that our efforts are being acknowledged,” Dr. Jahnae H. Barnett, WWU president, said. “From our faculty and staff, to our alumni and donors, everyone works to make this a great place for our students to get an education and succeed in life after college.”
AC Online documented the Missouri colleges and universities with the greatest lifetime return on investment. Graduates from these schools enjoy the largest earnings gap between non-degree holders over 30 years, and earn more on average than graduates from other Missouri schools.
A resource for college affordability and financial aid information, Affordable Colleges Online, provides students with information about affordable higher education options. The website offers financial aid videos, expert advice and cost savings ideas.
AC Online used the following criteria in its college ranking:
• Tuition + fees (provided by IPEDS/NCES)
• Graduate's average starting salaries and ROI calculation (provided by PayScale)
• Fully accredited, four-year, not-for-profit institutions (provided by the Carnegie Foundation)
“These are important lists for prospective students to consider,” said Dan Schuessler, AC Online founder. “We’ve sifted through comprehensive data sources to find colleges and universities in Missouri that offer a high quality education with consistent, long-term payoffs in the workplace.”
AC Online developed the following criteria for consideration as a “High ROI College”:
• Fully accredited institution
• Either public or private
• Four-year, degree-granting institution
• ROI according to PayScale’s 2013 College Value Report
AC Online compiled a list of schools meeting these criteria by using the following highly respected, authoritative data sets:
• NCES (http://nces.gov/), the primary federal entity for collecting and analyzing data related to education. It provides consistent, reliable, complete and accurate indicators of education status and trends.
• IPEDS (http://nces.ed.gov/ipeds/), the primary federal source for data on colleges, universities and technical and vocational postsecondary schools in the U.S.
• Carnegie Classification (http://classifications.carnegiefoundation.org/), a framework widely used in the study of higher education, both as a way to represent and control for institutional differences, and also in the design of research studies to ensure adequate representation of sampled institutions, students or faculty.
• Payscale.com (http://www.payscale.com/about/methodology), the premier salary data collection organization.
“We aim to educate so that potential students are aware of their options for obtaining a degree and, most importantly, for paying for one,” said Schuessler.
“What are the most affordable options – online study, two-year, four-year, public or private colleges? What financial aid options are available and what pitfalls should you avoid? Our goal at AffordableCollegesOnline is to keep our finger on the pulse of college-related issues, the latest research, how the government is responding, and help students analyze their options.”
CUTLINE:William Woods University graduates participate in the Ivy Ceremony, knowing they have received a high quality education at an affordable price.