August 2, 2012
Indiana State University continues to be recognized for affordability. For the second straight year, Forbes magazine has included Indiana State as one of the nation's best colleges in rankings that emphasize quality as well as value.
The national business publication says its annual list of "America's Top 650 Colleges" focuses on the things that matter most to students: quality of teaching, career prospects, graduation rates and low-levels of debt.
Indiana State is the most affordable of 18 Hoosier schools on the Forbes list for 2012, with in-state tuition less than $8,000 for last year. Forbes estimates the total annual cost of attendance for ISU students to be more than $4,000 less than the second most affordable Indiana institution on the list, Huntington University. In addition, the magazine noted that more than nine out of 10 ISU students received some form of financial aid during the 2010-11 academic year, the most recent year for which complete data is available.
"It's great that we are being recognized for the hard work of our faculty, staff and administration in controlling costs and keeping college affordable," said Dan Bradley, ISU president.
The Washington, D.C.-based Center for College Affordability and Productivity compiles the annual list of Forbes' top colleges. The center bases the rankings on five general categories, giving the most weight to post-graduate success (32.5 percent), followed by student satisfaction (27.5 percent), debt (17.5 percent), four-year graduation rate (11.25 percent) and competitive awards (11.25 percent)
It releasing its Top Colleges list, Forbes said its rankings "do not attempt to assess a school's reputation, nor are they a measure of academic selectivity and we pointedly ignore any metrics that would encourage schools to engage in wasteful spending."
The Forbes Top 650 list recognizes the top 20 percent of the nation's more than 3,200 accredited colleges and universities.
Media contact and writer: Dave Taylor, media relations director, Office of Communications and Marketing, Indiana State University, 812-237-3743 or firstname.lastname@example.org
For the second straight year, Forbes magazine has included ISU on its list of best Midwestern Colleges. The Forbes rankings emphasize quality as well as value.