The Princeton Review Reports Financial Aid Ratings For 611 Colleges For 2016
12 Colleges named to “Financial Aid Rating Honor Roll”
NEW YORK, Aug. 3, 2015 / — The Princeton Review — known for its test preparation, tutoring and college admission services — today published its annual "Financial Aid Ratings" of colleges. The project, now in its 18 th year, offers a measure on a scale of 60 to 99 of the financial aid the colleges award and how satisfied their students are with the aid they receive.
The company tallied the ratings for 611 colleges this year based on its surveys of school administrators and of students attending the schools.
The Financial Aid Rating scores appear in the profiles of the colleges that posted today on www.princetonreview.com and in the 2016 editions of two Princeton Review guidebooks: "The Best 380 Colleges" (on sale Aug. 4, $23.99), and "The Complete Book of Colleges" (on sale July 14, $29.99), published by Penguin Random House.
The Princeton Review's 2016 Financial Aid Rating Honor Roll
Twelve colleges that received the highest possible score (99) in this year's tallies made The Princeton Review's 2016 Financial Aid Rating Honor Roll. The list, which appears in "The Best 380 Colleges" and online at www.princetonreview.com/college-rankings/financial-aid-honor-roll includes:
(in alphabetical order)
- Amherst College (Amherst, MA)
- Colgate University (Hamilton, NY)
- Haverford College (Haverford, PA)
- Middlebury College (Middlebury, VT)
- Pomona College (Claremont, CA)
- Princeton University (Princeton, NJ)
- Reed College (Portland, OR)
- Thomas Aquinas College (Santa Paula, CA)
- Trinity College (Hartford, CT)
- Vanderbilt University (Nashville, TN)
- Vassar College (Poughkeepsie, NY)
- Yale University (New Haven, CT)
Among the 12 schools on the list, the average financial aid grant awarded to undergraduates who qualified for aid at the schools last year was $39,509.
"We salute these schools for the generous amounts of financial aid they award and their commitment to meet the financial aid needs of so many of their students" said Robert Franek, The Princeton Review's Senior VP-Publisher.
Franek noted the growing concerns families have about college costs. Among 12,000 college applicants and parents of applicants The Princeton Review surveyed in 2015 for its "College Hopes & Worries Survey," 90% said financial aid would be "very" or "extremely" necessary to pay for college. Survey respondents' biggest worry about their college applications was that they/their child "would get in to their first choice college, but not have sufficient funds to attend it."
The company's Financial Aid Rating is based on its analysis of data it collected in 2014-15 from surveys of administrators about: the percentage of the school's students determined to have need who received aid, the percentage of need met, and the percentage of students whose aid was fully met. The company also factored in data from its surveys of students attending the colleges about their satisfaction with their aid awards in 2014–15 and/or the previous two years.
Other financial aid information resources The Princeton Review provides in The Best 380 Colleges include:
- A list of top 20 ranking schools for "Great Financial Aid"
This list names schools in the book at which students surveyed reported the highest levels of satisfaction with their aid award packages. The book also has a corollary list, "Financial Aid Not So Great." Both are also accessible at www.princetonreview.com/best380
- A list of "Colleges That Pay You Back"
This list names the colleges that The Princeton Review profiles in "Colleges That Pay You Back: The 200 Best Value Colleges and What It Takes To Get In" (2015 Edition, February, 2015). Selections were based on analyses of more than 40 data points covering academics, affordability, financial aid, and career prospects. The list is accessible at www.princetonreview.com/college-rankings/colleges-that-pay-you-back
- Advice: "26 Tips for Getting Financial Aid, Scholarships & Grants, and for Paying Less for College"
This section is by Kalman Chany, author of The Princeton Review's annually updated guide, "Paying for College Without Going Broke."
About The Princeton Review College Ratings and College Rankings
The Princeton Review college ratings are scores on a scale of 60 to 99 that the company annually tallies for hundreds of colleges in eight categories including Academics, Admissions Selectivity, Financial Aid, Fire Safety, and Green. The scores appear on college profiles on its website and in its college guidebooks. The ratings are based primarily on institutional data. Institutions that do not provide sufficient data for The Princeton Review to tally a rating in a specific category receive a score of 60* (sixty with an asterisk) in that category. The Princeton Review explains the criteria for each rating at www.princetonreview.com/college-rankings/college-ratings
The Princeton Review college rankings are lists of schools in 62 categories (in rank order: 1 to 20) based entirely on the company's surveys of 136,000 students attending the schools in its book, The Best 380 Colleges . The survey asks students to rate their own schools on dozens of topics and report on their campus experiences at them. The Princeton Review explains the basis for each ranking at www.princetonreview.com/college-rankings/best-colleges
About The Princeton Review
The Princeton Review is a leading tutoring, test prep and college admission services company. Every year, it helps millions of college- and graduate school-bound students achieve their education and career goals through online and in person courses delivered by a network of more than 4,000 teachers and tutors, online resources, and its more than 150 print and digital books published by Penguin Random House. The Princeton Review is headquartered in Natick, MA and is an operating business of IAC (NASDAQ: IACI). For more information, visit www.princetonreview.com . Follow the company on Twitter @ theprincetonrev .
SOURCE: The Princeton Review
Available for interviews
Robert Franek, Senior VP-Publisher, The Princeton Review, and author of "The Best 380 Colleges," or one of the company's senior editors can discuss the company's college ratings and rankings well as findings from its surveys of administrators, students, and parents on college issues.