Albion among Top 20 Liberal Arts in DegreeChoices Economic Analysis


More recognition: The Princeton Review again includes Albion as one of the best in the United States and the Midwest.

August 23, 2022

An Albion College student walks past Robinson Hall on the campus quad.

Albion College has been ranked among the top liberal arts colleges in the nation based on an economic analysis by

The recently released ranking places Albion College #18 out of 2,000 schools across the United States. It is Michigan’s only liberal arts college in the Top 20.

“While economic gains are clearly not the only way to gauge the quality or value of colleges, they are useful because of growing concerns about the high costs of a college education,” wrote Michael T. Nietzel, retired college president and consultant for “As students and families research their college options, financial considerations will be important for most of them. In some cases, this can be the deciding factor.

Each school’s economic score was based on data from the US Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS). The scores were based on the mathematical combination of two outcomes: one, which DegreeChoices calls payback, measures how long it takes students to recoup their educational investment after attending a given school; the other, a proprietary calculation called earnings plus, determines how much more or less students at a particular college earn than the weighted average of students at all colleges in that state. (See the DegreeChoices methodology page for more details.)

Joe Calvaruso, 1978, acting president of Albion College, said: “With the economy in the state it is in – near double-digit inflation, rising interest rates and the crisis of the supply chain, almost every family we talk to is watching his penny. We work with our students on the investment they make in their future. Individually, we adapt the formulas of financial assistance and other assistance to meet their specific needs. »

Unlike the ranking of US News and World Report, which uses retention, graduation rates, reputation, and institutional resources, is based on economic gain. Other schools on his list include Claremont McKenna College (No. 1), Davidson College (4), Swarthmore College (11), Hamilton College (12) and Amherst College (14). Bowdoin College and Colgate University round out the top 20.

One of the best of all sizes

As it has for many years, Albion College also finds itself profiled in The Princeton Review’s annual guide to leading colleges and universities.

This year titled Top 388 CollegesAlbion is also listed as one of the best schools in the Midwest, and its profile includes student feedback on everything from admissions and academics to campus life and careers.

For more information, visit The Princeton Review website.


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