10:48 AM EDT, October 28, 2011
Officials at McDaniel College in Westminster said Friday, Oct. 28, that the college has been named on a list of "Best Value" colleges by Kiplinger's Personal Finance — the only Maryland liberal arts college to make the list.
The rankings are available online at Kiplinger's website, and will be published in the magazine's December issue, which is actually circulated beginning Nov. 8.
McDaniel came in at No. 92 among liberal arts college's nationwide.
While the Westminster school was the only liberal arts college from Maryland on the list, three other universities from the state earned the "value" ranking: Johns Hopkins University in Baltimore (No. 25); Loyola University of Maryland in Baltimore (No. 55) and Hood College in Frederick (No. 82).
The 200 colleges and universities on Kiplinger's list were assessed based on cost and financial aid, competitiveness, academic support, graduation rates, and student indebtedness.
According to Kiplinger, "This year's top 100 liberal arts colleges excel … providing the academic support that encourages learning and allows students to graduate on time.
"They also make their education affordable by offsetting tuition hikes with generous need-based financial aid and, at many schools, offering merit scholarships to students who don't qualify for need."
Officials at McDaniel said that 90 percent of first-year students at the college receive merit and/or need-based financial aid to offset the overall cost of tuition, fees, books, room and board.
Full-time undergraduate tuition at McDaniel College is $34,780 for both in-state and out-of-state students — with fees, books, and room and board, this comes to approximately $39,980, according to college officials. Kiplinger notes that the average cost after need-based aid is $21,529.
McDaniel offers students a net-price calculator to determine expenses. Required by all colleges and universities by Oct. 29, net-price calculators give prospective students and their families an estimate of what the actual net costs would be to attend a specific institution.
In a press release on the Kiplinger's raking, McDaniel College President Dr. Roger Casey said, "McDaniel is getting the national recognition it deserves as one of the leading liberal arts colleges in the country.
Casey suggested that affordability was helping the college attract students who might not be able to go to college otherwise, saying, "40 percent of this year's freshman class among the first generation in their families to attend college."
Officials at the college note that in addition to Kiplinger's Personal Finance, McDaniel was included in the "first tier" of liberal arts colleges by U.S. News & World Report and was the highest-ranked private Maryland liberal arts college in Washington Monthly's annual college rankings.
McDaniel was also one of 70 colleges and universities in "America's Best Kept College Secrets" and was included in Parade Magazine's A-list as one of America's Top 25 Liberal Arts Colleges.
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