October 17, 2013 at 2:20 PM
Four private colleges in state make Kiplinger’s list of best values
Four Washington private schools have landed on Kiplinger’s list of best values in private colleges.
The personal finance magazine released the list on its website this week, and the list will also appear in the magazine’s December edition.
Among the nation’s private universities, Gonzaga University and Whitworth University, both in Spokane, ranked 34th and 44th, respectively. Among liberal arts colleges, Whitman College in Walla Walla ranked 34th, and the University of Puget Sound in Tacoma ranked 93rd.
Of the four schools, Whitman — which has the highest sticker price, more than $55,000 a year — also has the lowest average debt at graduation, about $17,000. The college says that’s because it offers the most generous aid packages among the state’s private schools — on average, students receive $26,000 in need-based aid.
The magazine also answers the question about why it can label private schools as a good value when the average cost is about $40,000 a year. The answer: “Private institutions’ abundant need- and merit-based aid means that most families pay about half the advertised price.”
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