Magazine Examined Cost, Quality,
Grad Success for Prestigious List
MELBOURNE, FLA. — Florida Institute of Technology is one of the nation’s Best Value Colleges, according to the 3rd annual ranking from Forbes magazine.
Featuring just 300 U.S. colleges and universities offering four-year degrees from a total of 650 under consideration, the list from the influential publication was designed to provide students with a snapshot of schools offering the most value for the dollar – “to help students and their families evaluate the likely return on their investment,” the magazine said in an article accompanying the April release of the ranking.
Forbes scored universities in six areas: net price, net debt, alumni earnings, timely graduation, school quality and access for low-income students.
The Best Value list can be found by clicking here.
This is not the first time a leading outlet has highlighted the financial merits of a Florida Tech education.
Last year, Forbes found that Florida Tech was the top private university in Florida and among the highest ranked private institutions in the country for the low amount of federal loan debt accrued by its students.
Examining what it called “elite alma maters” the magazine released a ranking of the top 25 private universities by the lowest median original federal loan amount for all undergraduate borrowers, per the federal College Scorecard. The magazine found that at under $9,400, Florida Tech is No. 11 in the country and tops in the Sunshine State.
And in June 2017, the PayScale College ROI Report found that Florida Tech is among the nation’s best universities for return on investment 20 years after graduation. With a 20-year net ROI for graduates of nearly $500,000, Florida Tech was in the top 8 percent of the more than 1,420 colleges and universities ranked in the annual report from PayScale, a respected provider of cloud compensation software.