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Forbes Ranks Salem as a Best College, Best Buy

Salem College, the nation's oldest continually operating educational institution for women, has received two high rankings in lists recently published by Forbes magazine. Salem ranked no. 67 in Forbes second annual ranking of Americas 600 best colleges. Other prestigious North Carolina institutions included on the list are Davidson College (No....
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Salem College, the nation's oldest continually operating educational institution for women, has received two high rankings in lists recently published by Forbes magazine.

Salem ranked no. 67 in Forbes’ second annual ranking of America’s 600 best colleges. Other prestigious North Carolina institutions included on the list are Davidson College (No. 60), UNC Chapel Hill (No. 68), Duke University (No. 104) and Wake Forest University (No. 130).

Also, this year Forbes partnered with the Center for College Affordability and Productivity (CCAP) to develop a ranking of “America’s Best College Buys.” Salem came in at no. 14 on this list, and was one of only 23 schools nationwide to place in the top 100 of both lists. The only other N.C. institutions on the list were UNC-Chapel Hill (13), UNC-Asheville (43), N.C. State University (61) and UNC-Greensboro (100).

Forbes said the listings measured the quality of education, the student’s experiences while in school and graduates’ achievements, based on information compiled by the magazine and the Center for College Affordability and Productivity (CCAP).

“To our way of thinking, a good college is one that meets student needs,” wrote Richard Vedder and David N. Ewalt in the Forbes report. “While some college rankings are based partly on school reputation as evaluated by college administrators and on the amount of money spent, we focus on things which directly concern incoming students: Will my courses be interesting and rewarding? Will I get a good job after I graduate? Is it likely I will graduate in four years? Will I incur a ton of debt getting my degree?”

Forbes said 25 percent of a college’s ranking was based on student evaluations of courses and instructors on the website RateMyProfessors.com. Another 25 percent was based upon the success of graduates, as measured the number of entries in Who’s Who in America, adjusted for enrollment and the average salaries of graduates reported by the website Payscale.com.

Twenty percent of a school’s score was determined by the estimated average student debt after four years. Other factors in the ranking: the four-year college graduation rate, and the number of students and faculty, adjusted for enrollment, who have won prestigious honors such as Rhodes Scholarships and Nobel Prizes.

For more information about the best college list, click here.  For information about the best-buy list, click here.  For information about Salem College, contact the office of communications at (336) 917-5313.