Pomona College has been named a "Best Value" among liberal arts colleges by Kiplinger's Personal Finance Magazine, which measures academic quality and affordability. Pomona came in second behind Washington and Lee University, which topped the liberal arts colleges list this year. This marks the fifth year that Pomona College has captured the number one or two spot on Kiplinger's best value list.
The "Best Values in Private Colleges, 2014" article and lists were published online Oct. 17 and will appear in the December print issue.
Pomona received kudos for its "stellar academics" and its "no-loan financial-aid policy keeps average debt for students who borrow to less than $16,000."
Kiplinger's 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. Regarding cost, Kiplinger's measures the sticker price, the availability and average amount of need-based and merit-based financial aid, and the average student debt at graduation.
"Combining a high-quality education with an affordable price tag is a challenge, but the colleges on this year's list offer the best of both worlds," says Janet Bodnar, editor of Kiplinger's Personal Finance magazine.
Pomona College, which is routinely listed among the best colleges in the nation, is one of a handful of institutions committed to both need-blind admissions and to meeting the full financial aid need of its students with scholarships. During the 2012-13 academic year, 54 percent of Pomona students received financial aid. The average financial aid package is $40,508.
"For many families, the best private colleges may seem out of reach," notes Seth Allen, Pomona's vice president of admissions and financial aid. "It's important that they know that there are top colleges like Pomona College that make financial aid a priority and meet the full demonstrated financial aid need of their students."
Rounding out the top 10 "Best Value Liberal Arts Colleges" list were: Swarthmore College, Williams College, Amherst College, Bowdoin College, Middlebury College, Davidson College, Haverford College and Grinnell College.
All four of Pomona's sister undergraduate colleges in The Claremont Colleges Consortium made the top 50 best values list: Claremont McKenna College at #14, Scripps College at #27, Harvey Mudd College at #36, and Pitzer College at #39.
- News Story: "How We Rank the Top Private College Values, 2014," Kiplinger's Personal Finance, Oct. 17, 2013