ST. PETER — Gustavus Adolphus College has been named among the top 50 of the country's best values in private colleges by Kiplinger's Personal Finance.
Kiplinger’s annual list, released Thursday, ranks the top 100 private universities and 100 liberal arts colleges. Gustavus was 47th in the country among liberal arts colleges.
The news comes a week after Gustavus announced a new pricing strategy intended to keep tuition costs down by tying any future increases to a three-year rolling average of the Consumer Price Index.
In a statement, Gustavus President Jack Ohle said: “The Board of Trustees is committed to making a Gustavus education as affordable as possible for students and their families.”
Gustavus and other schools included on the 2014 lists represent the colleges that provide high-quality academics at a reasonable cost during “these continued tough economic times,” according to a Kiplinger’s news release.
“The colleges on the list exemplify the attributes parents and students look for in higher education, including small class sizes, a good freshman retention rate, and a high four-year graduation rate,” the release states.
Kiplinger aims to be a resource for students and families when making affordable choices about higher education. Kiplinger's looks at sticker price; the availability and average amount of need-based and merit-based financial aid; and the average student debt at graduation.
In addition to affordability, the rankings measure academic quality. Academic criteria include the student admission rate, the test scores of incoming freshmen, the ratio of students to faculty members, and the four- and five-year graduation rates.
The entire list of the top 100 liberal arts colleges can be found at kiplinger.com/links/college.
Free Press Staff