Kiplinger’s Ranks Webster as a “Best Value” In the United States
This is the First Year Webster Has Been Ranked by the Magazine
ST. LOUIS (DEC. 22, 2014) - Kiplinger’s Personal Finance named Webster University as one of the 100 “Best Value” private colleges in the United States, it was announced this week. Webster University also was ranked among the top 300 among all colleges and universities in the 2015 survey.
This is the first time that Webster University, a 100-year-old St. Louis-based private university, was named to the Kiplinger list. The list was released Wednesday, Dec. 17 by the publishing company.
“Webster University takes seriously the need to assure access for Webster students, many of whom are the first in their family to attend college. Nearly 80 percent of all of our students receive financial aid through grants, scholarships, or other programs." said Elizabeth (Beth) J. Stroble, president of Webster University. "While we have taken steps to moderate tuition expenses for our students and their families, we have also focused on strengthening students' success in retention to graduation, increased financial literacy, and their readiness to make a difference for their families, communities, and the world."
The Kiplinger’s Personal Finance edition of the 2015 Best Value Colleges evaluated 1,200 public and private four-year colleges and universities. Among all colleges and universities, Webster University ranked 255th in the United States. When just analyzing private non-profit universities, Webster University ranked 80th.
“Part of the challenge of keeping costs low is that real-world costs, such as salaries or keeping the lights on in the buildings, continue to rise regardless of what we do. It is a priority of ours to balance those costs against the difficulties our students have paying for their education,” said Julian Schuster, Webster University’s provost, senior vice president and chief operating officer. “The fact that we made this list and ranked fairly high shows that we are successful in managing this very difficult issue.”
The criteria of the ranking analyzed a number of core statistics for undergraduate students, including the annual tuition rate, average debt load of graduates, average financial aid packages offered to students and the amount of academic support offered.
According to the Kiplinger’s analysis, the average cost of a year at Webster University (including room and board) is $36,100 per year, the average student receives $13,390 per year in need-based aid and an additional $6,654 in non-need based aid (aid based on academics or other non-income criteria). The average Webster University undergraduate student will graduate with $28,518 in debt, which is approximately $2,000 below the average debt load for undergraduate students in the United States, according to a 2012 report issued by the Institute for College Access & Success' Project on Student Debt.
The entire ranking and its criteria can be found online at kiplinger.com/links/college.
This is not the first time Webster University has been recognized for being an affordable institution. U.S. News & World Report regularly lists Webster University as among the most “economically diverse” institutions in the Midwest. That list looks at the percentage of students who receive Pell Grants, an indicator that the institution tries to be cost-effective to students from low-income homes. Earlier this year, Money Magazine listed Webster University on its list of “Best Colleges for Your Money.”
With its home campus in St. Louis, Webster University (www.webster.edu) is the only Tier 1, private, non-profit U.S.-based university providing a network of international residential campuses and a robust online learning program. Founded in 1915, Webster University’s campus network today includes metropolitan, military and corporate locations around the world, as well as traditional campuses in Asia, Europe, North America, and Africa. The university is committed to delivering high-quality learning experiences that transform students for global citizenship and individual excellence.
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- Kiplinger’s Ranks Webster as a “Best Value” In the United States