By Thomas Guengerich
SOCORRO, N.M., Dec. 8, 2008 – New Mexico Tech again ranks among the top 100 universities for offering an affordable education. Kiplinger’s latest rankings, based on 2006 data, rank the Socorro science and engineering university as the 36th best value for in-state education and 37th best value for out-of-state students.
In nearly all cost categories, Tech ranks among the top five. In educational categories, Tech also ranks consistently near the top, except in one crucial category – graduation rates.
New Mexico Tech is among the lowest cost schools in the nation and Tech graduates leave school with the least amount of debt in the nation. According to Kiplinger’s, the average Tech graduate leaves with $8,688 of debt. No other school reports an average debt of less than $12,500.
Tech is the only New Mexico university in the top 50. The only “peer institution” that made the top 50 is Georgia Tech (16th). Colorado School of Mines, which had been in the top 50 in recent years, is not ranked in the top 100 for 2009.
The University of North Carolina is the top ranked value for the eighth consecutive year. Rounding out the top five are Florida, Virginia, Georgia and William and Mary.
While New Mexico Tech ranks well in most educational categories, like faculty-to-staff ratio, average SAT/ACT scores and rate of admission, the university’s difficult curriculum hurts the overall ranking.
Among the top 100 schools, Tech ranks second-to-last in four-year graduation rate at 15.9 percent and last for six-year rate at 43.2 percent. Academic data accounts for two-thirds of Kiplinger’s rating system.
New Mexico Tech consistently ranks as a superior educational institution. The Princeton Review and U.S. News & World Report include Tech in their annual rankings of the top universities.
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