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Numbers that matter: college graduation rates

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Another ranking system.

the College Grid

After helping numerous students with their college applications, we noticed a lack of useful tools to help manage the school selection process. We decided to build a website with a “top-down” approach to researching colleges. Within a week, the College Grid was born.

It is improvement over the Princeton Review and US News and World Report in that it actually lets you sort on any of the variables. But the choice of variables!

The default sort is on the admissions rate. Obviously the creators are believers in that selectivity means better. But such a system does have its limitations. For example, select just for Texas schools and see what school shows up second with the default rating. And it even has a 99% acceptance yield! What a find! The problem is that is has a six year graduation rate of less than 20%. I’m sure that’s why there’s a column of SAT scores to give a heads-up that you might want to check into the value of the selectivity but still, is this really valuable?

The top five Texas schools in terms of four year graduation rates are ranked 1, 25, 15, 31, and 44 on the College Grid. Which is more important, selectivity or graduation rates? (They are ranked 1, 6, 2, 4, and 9 by SAT scores.)

The problem is that somebody out there doesn’t want your average college student ranking schools by graduate rates. (I’m not saying that graduation rates should be the only consideration but when your shelling out $40,000 a year, I would put it at the top of the list.) Most lists are now listing graduation rates as part of the school profile but the only place where you can actually select on it is at www.Collegeresults.org. Even the College Navigator, the website run by the federal government that actually collects the graduate rate data, doesn’t allow you to search on it.

So do potential students really not care about graduation rates or have they just been convinced that acceptance rates are actually a reflection of graduation rates?

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