Two Washington universities — one public, one private — have made a list of schools that offer a high quality education for a low price per student.
Both Western Washington University and Gonzaga University are among five regional universities that made the list, published Monday by U.S. News & World Report.
The magazine explains: “The new list is based on operating efficiency, defined as a school’s 2011 fiscal year financial resources per student divided by its overall score…in the 2013 Best Colleges rankings. This calculation reveals how much each school is spending to achieve one point in the overall score and its position in the rankings.”
WWU spends $12,547 in financial resources per student; Gonzaga spends $21,794 per student.
How much a school spends per student is a different measure than the price of tuition.
The magazine notes: “Schools that are featured on this list are doing a good job in managing their financial resources relative to other schools that may have larger state funding, higher tuition, or larger endowments. Many of these schools are likely to be more affordable in terms of tuition relative to others in their ranking category, since almost all of them are public universities.”