—Praised for Strong Academic Record and Great Economic Value—
(December 17, 2014)—Berea College has been named to Kiplinger’s Personal Finance’s list of 100 best values in private colleges for 2015. The ranking cites four-year schools that represent Kiplinger’s definition of value: a combination of academic quality and affordability.
Since 2010, Berea College has appeared on Kiplinger’s list multiple times, a testament to the consistent value it provides.
Lyle Roelofs, Berea’s president says, “I am pleased that Kiplinger has recognized the amazing value of a Berea College education for the equally amazing students who attend. What is especially striking about that value, in the case of Berea, is that it is offered solely to those students who otherwise could not afford to obtain a college degree.”
Kiplinger’s assesses quality according to measurable standards, including the admission rate, the percentage of students who return for sophomore year, the student-faculty ratio and the four-year graduation rate. Cost criteria include sticker prices, financial aid and average debt at graduation. Two other Kentucky schools, Centre and Transylvania, also made the list, but Berea is recognized as the most affordable and its graduates have the least amount of debt.
“We salute this year’s top schools,” says Janet Bodnar, editor of Kiplinger’s Personal Finance magazine. “Balancing top-quality education with affordable cost is a challenge for families in today’s economy, which is why Kiplinger’s rankings are such a valuable resource. The schools on the 2015 list offer students the best of both worlds.”
The complete rankings are available online at the Kiplinger website. The rankings will also appear in the February 2015 issue of Kiplinger’s Personal Finance, on newsstands January 6, 2015. Web visitors can find special features, including a tool that lets readers sort by admission rate, average debt at graduation and other criteria for all schools, plus by in-state and out-of-state cost for public universities; a slide show of the top 10 schools in each category; archives of previous years’ rankings, information about the ranking methodology, and more.
About Berea College
Berea, the South’s first interracial and coeducational college, focuses on learning, labor, and service. Charging no tuition, Berea awards four-year tuition scholarships to all its students—primarily from Appalachia—who because of financial circumstances cannot otherwise afford a high-quality, residential, liberal arts education. Berea offers rigorous academic programs leading to undergraduate degrees in 33 majors. All students work at least 10 hours per week in campus and service jobs in more than 100 departments. Berea’s student labor program creates an atmosphere of egalitarian living that emphasizes the dignity of all work and a strong work ethic while providing opportunities for students to earn money for their rooms, books and board. Alumni from Berea distinguish themselves and the college in many fields. Graduates include community leaders throughout the region, a Nobel Prize-winning chemist, a U.S. Cabinet Secretary, the inventor of touchscreen technology, and many other engaged citizens who live out the college’s motto: “God has made of one blood all peoples of the earth” by promoting kinship among all people, serving communities in Appalachia and beyond and living sustainably to conserve limited natural resources.
For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation’s first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation’s first personal finance magazine. Kiplinger.com is the fastest growing Web site in the personal finance space. Located in the heart of our nation’s capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language. Become a fan of Kiplinger on Facebook or Kiplinger.com and follow Kiplinger on Tumblr and Twitter.
# # #