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Oregon Tech Among Top 100 Best Colleges in TIME MONEY

Jul 31, 2014
MONEY’s Best Colleges whittled the country’s 1,500 four-year schools down to 665, after screening out those with below-average graduation rates and financial problems. Oregon Tech came in at #76 with the average annual salary within 5 years listed at $57,000.

When it comes to measuring education quality, affordability, and career outcomes, Oregon Institute ranks first among Pacific Northwest colleges and universities in Return on Investment, according to a study compiled by TIME MONEY.

MONEY’s Best Colleges whittled the country’s 1,500 four-year schools down to 665, after screening out those with below-average graduation rates and financial problems. Oregon Tech came in at #76 with the average annual salary within 5 years listed at $57,000.

The New York Times highlighted popular concerns best in “The Upshot” blog by stating, “While some elements of the rankings are familiar, the list is distinguished by the depth of its attention to a pair of questions on the minds of many students and parents. First, how much money will I actually have to pay — and, probably, borrow — to earn a diploma? Second, how much money will my diploma be worth in the job market when the time comes to pay my loans back?”

According to MONEY: “To make our initial cut, a college had to have a six-year graduation rate at or above the median in its category (public or private). We then screened out schools with a speculative bond rating from Moody’s (indicating financial difficulties) or for which there weren’t sufficient data available. That left 665 schools, which we ranked on 17 factors in three equally weighted categories:

  • Quality of Education – Factors included the school’s six-year graduation rate, student standardized test scores, the student-faculty ratio, and Rate My Professors grades, in addition to the value-added graduation rate, which reflects the difference between a school’s actual grad rate and its expected rate, based on the economic and academic background of the student body.
  • Affordability – Measures included student and parent borrowing and student-loan default rates (unadjusted and value added), as well as the estimated average net price of a degree, a calculation that takes into account a school’s sticker price, total institutional financial aid, tuition inflation, and the average time it takes students to graduate.
  • Outcomes – This category includes several measures of early (within five years of graduation) and mid-career earnings (raw data from Payscale.com, plus adjustments for value added and the school’s majors), plus career services staffing.”

Need a new perspective on these rankings? The Huffington Post took notice of “The 14 Best Colleges You Can Get Into,” highlighting Oregon Tech at #8, based on MONEY magazine’s list.

To view the complete “Best Colleges for Your Money” report, go to http://time.com/money/collection/moneys-best-colleges/. To see more of Oregon Tech’s accolades, visit www.oit.edu/news/university-accolades-rankings.

About Oregon Tech
Founded in Klamath Falls in 1947, Oregon Institute of Technology is the only public 4-year institute of technology in the Pacific Northwest. Oregon Tech provides degree programs in engineering and health technologies, management, communication, and applied sciences that prepare students to be effective participants in their professional, public, and international communities through hands-on learning. Oregon Tech has a full-service, residential campus in Klamath Falls and an urban, industry-focused campus in Wilsonville. Visit www.oit.edu to learn more about Oregon Tech.

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