DALLAS — Misericordia University was named recently to Money Magazine’s 2016-17 Best Colleges list, the second-highest ranked college or university in Luzerne and Lackawanna counties.
Misericordia earned a ranking of 366 out of the 705 schools listed, climbing 117 places in the ranking since 2015. Among the factors that earned the university recognition included an estimated price for 2016-17 of $45,000 without financial aid and $31,600 with average aid; 99 percent of students receiving financial aid; a 71-percent acceptance rate; average tests scores of 1055 for SAT and 23 for ACT, and an average annual salary for graduates of $45,600 within five years of graduation – a figure that increased from $40,600 in 2015.
In its third year, the ranking is designed to help parents and students determine which of the country’s approximately 2,000 four-year colleges and universities “deliver the most value,” according to the posting at http://new.money.com/money/best-colleges/rankings/best-colleges/. According to Money Magazine, value is defined as “a great education, at an affordable price, that prepares students for promising careers.”
Among the factors considered in the ranking were merit aid, parent and student borrowing, and loan repayment, according to the magazine. A statistical technique was then used to turn all the data points into a single score, and the schools were ranked based on those scores.