Drone view of roof of Millikan Laboratory with snowy mountains in the background.

Pomona College is ranked No. 1 on The Princeton Review’s “Best Financial Aid” list featured in their new book, “Colleges That Pay You Back: 2017 Edition.”

Pomona College is one of a handful of institutions that practice need-blind admissions and provides need-based financial aid. Financial aid packages are comprised of grants, scholarships and a small work stipend -- and no loans.

The goal is to achieve "significant socio-economic diversity,” said Senior Associate Dean and Director of Admissions Adam Sapp in an interview with CNBC

"College affordability is a national issue, and the trustees have affirmed again and again that a commitment to the financial aid model is absolutely our first priority.”

The Princeton Review chose the schools based on ROI (return on investment) ratings it tallied for 650 schools last year. The ratings weighted 40 data points that covered everything from academics, cost, and financial aid to graduation rates, student debt, and alumni salaries and job satisfaction.  The Princeton Review editors culled data from the company's surveys of administrators and students in 2015-16 and from PayScale.com's surveys of school alumni conducted through April 2016.

"We highly recommend Pomona College, and all of our Colleges That Pay You Back schools.  They stand out not only for their outstanding academics but also for their affordability via comparatively low sticker prices and /or generous financial aid to students with need – or both," said Robert Franek, The Princeton Review’s senior vice president/publisher and lead author of the book.  "Students at these colleges also have access to extraordinary career services programs from their freshman year on, plus a lifetime of alumni connections and post-grad support."

Pomona College is also listed No. 14 “Top 50 Green Colleges,” No. 19 for “Best Quality of Life,” and No. 37 in the “Top 50 Colleges That Pay You Back.”