Pomona College was highlighted this morning on the Today Show and in USA Today as one of the "best value" colleges in the nation. During an interview on the NBC program, Robert Franek, Princeton Review's senior vice president, discussed the schools in the company's newest guidebook The Best Value Colleges: 2013 Edition. Pomona received an on-screen mention and graphic depicting the average financial aid grant for first-year students.
According to Franek, "[Princeton Review] ran the schools through 30 different factors. Academic factors, academics, costs and financial aid were the three big buckets. We wanted to make sure not only that the colleges were great values academically, giving a great classroom experience, but not making their families mortgage out their futures to actually pay for college."
Pomona College meets the full financial aid need of every accepted student with scholarships. The new Princeton Review Best Value guide notes, "The financial aid program [at Pomona] is exceedingly generous and goes beyond just covering tuition, room and board, and fees, for which Pomona can and does meet, 100 percent of students' demonstrated financial need. The financial aid packages consist wholly of grants and scholarships, probably along with a campus job that you work maybe ten hours a week." It also noted Pomona's policies of financial aid covering study abroad and ensuring that students are able to participate in the college's internship program by providing funding in the form of an hourly wage.
USA Today, the Princeton Review's publishing partner for the Best Value Colleges project, has posted the 2013 list and information about each college, as well as a chart to sort the list several ways including by state, tuition, enrollment and average first-year grant.
All of the undergraduate Claremont Colleges (Pomona, Claremont McKenna, Harvey Mudd, Pitzer and Scripps) were selected for The Best Value Colleges: 2013 Edition guidebook, which identifies 150 colleges (75 public and 75 private) that the Princeton Review designates as "Best Values" based on assessments covering academics, cost and financial aid. The company began with a list of 650 colleges and universities at which it conducted institutional and student surveys for the project in 2011-12.
"We commend these colleges," says Franek, the guidebook's lead author, "for their stellar academics and their exceptional affordability as evidenced by their generous financial aid awards or their comparatively low sticker prices -- or both."