NEWS & EVENTS
Dordt College News
Money Magazine lists Dordt College a Best College for Your Money
August 1, 2014
Dordt College has been named to Money Magazine’s Best Colleges for Your Money list, a new college ranking that highlights an institution’s value and affordability. Dordt College ranks 328 on the list’s 1,500 colleges, putting Dordt in the top seven percent of the nation’s 4,600 colleges and universities and fourth among Iowa’s 32 private colleges.
“We’re gratified to find Dordt on this list because it reflects what we know to be true: that a Dordt education is affordable and an excellent value,” said Dordt College President Dr. Erik Hoekstra. “But that value goes beyond dollars and cents—we equip young men and women to find jobs that allow them to be Christ’s hands and feet, not just as nurses, teachers, or community development workers, but also as actuaries, engineers, and agronomists. We challenge and encourage them to see the contributions they can make as school board members, volunteers, parents, neighbors, parishioners, and more.”
Hoekstra pointed to the college’s expansion of its Career Development Center for students and alumni as an example of the priority Dordt places on helping students find their calling and secure a good job after graduation (98% of Dordt graduates are employed within six months of earning their degrees).
After buying a home, college is typically the largest investment families make. Money Magazine’s list considers more than the actual cost of tuition by calculating the college’s overall value. To be included on the list, colleges must have an above-average six-year graduation rate, a number indicating how quickly students can finish their degree.
Schools were evaluated on quality of education, instructors, graduation rate, and students’ perceptions of quality. Affordability was examined by the net price of the degree, amount of debt, student loan default rate, and value-added student loan default. The magazine also looked at the early and mid-career earnings of alumni, earnings adjusted by majors, and career services available to students and alumni.
At Dordt College, 98 percent of students receive financial aid. On average, students graduate with less debt than they would from many private colleges and all of Iowa’s public universities. To learn more about Dordt, visit www.dordt.edu.