For Immediate Release — Tuesday, Jan. 10, 2006
Mary E. McCrank
Media Relations Officer
Kiplinger's names SUNY Geneseo No. 1 best value among the nation's public colleges: out-of-state students get best deal for top-flight academics
GENESEO, N.Y. — The State University of New York at Geneseo has topped Kiplinger's Personal Finance magazine's list as the No. 1 best value among the nation's public colleges and universities for out-of-state students. In addition, SUNY Geneseo jumped from 32nd place in Kiplinger's previous rankings in November 2003 to seventh place in 2006 for in-state students. Kiplinger's determined its rankings based on data provided by more than 500 public four-year colleges and universities.
The college is featured in the magazine's February edition, which hits newsstands this week. The article, "Best Values in Public Colleges," states that schools that make its Top 100 Best Value in Public Colleges list "are noteworthy for their combination of top-flight academics and affordable costs." Geneseo is lauded in the article for its top-notch professors, small classes and picturesque campus. Two students, Matthew Kowalik of Pembroke, N.H., and Mallory Howe, of Penfield, N.Y., were interviewed for the article.
"Most of the schools that head our rankings are state powerhouses with 15,000 students or more. But a few small public colleges also stand out. One of this year's stars is the State University of New York at Geneseo," the article declares.
"It is gratifying that Kiplinger's has so prominently acknowledged the caliber of a Geneseo education," said SUNY Geneseo President Christopher C. Dahl. "I am especially pleased that one of the nation's foremost business publications has recognized Geneseo's outstanding faculty and academically talented students. Such high praise confirms the status of Geneseo as the state's public honors college."
The top 10 schools on the "Kiplinger 100" list are: the University of North Carolina at Chapel Hill, the University of Florida, the University of Virginia, the College of William and Mary (Va.), New College of Florida, the University of Georgia, SUNY Geneseo, University of Illinois at Urbana-Champaign, Binghamton University and the University of Washington.
SUNY Geneseo is the top-ranked SUNY school on the list. Binghamton University was ranked No. 9, Stony Brook University No. 35, University at Albany No. 46, Fredonia No. 61, University at Buffalo No. 77, Plattsburgh No. 84 and SUNY at New Paltz No. 90.
The list was narrowed to 130 schools based on several measures of academic quality, including the percentage of the 2004-05 freshman class scoring 600 or higher on the verbal and math components of the SAT, admission rates, freshmen retention rates, student-faculty ratios, and four- and six-year graduation rates. Academic quality carried more weight than costs, accounting for almost two-thirds the total scoring.
Then, each school was ranked based on cost and financial aid. Kiplinger's examined the total cost for in-state students (tuition, mandatory fees, room and board, and estimated textbook costs); the average cost for a student with need after subtracting grants (but not loans); the average cost for a student without need after subtracting non-need-based grants; the average percentage of need met by aid; and the average debt a student accumulates before graduation.
To determine out-of-state rankings, Kiplinger's ran the academic-quality and cost numbers again using total out-of-state costs and average costs after aid.
The magazine addresses student costs throughout the article. Out-of-state residents pay $11,780 in tuition and fees at Geneseo, or $19,970 when room, board and books are calculated. "That's less than half the nonresidential tuition at some other public colleges, and it's one-third of what you'd pay at some private schools," the article states. It also notes that in-state students pay "a bargain" of $5,520 in tuition and fees at Geneseo.
Kiplinger's Personal Finance magazine, which was founded in 1947, provides advice on financial security and money management.