Kiplinger's Ranks Tech As A Top 20 Public School

SOCORRO, N.M. December 23, 2014 – New Mexico Tech has been named to Kiplinger’s Personal Finance’s list of 100 best values in public colleges for 2015. The ranking cites four-year schools that combine outstanding academics with affordable cost.

In the most recent rankings, Kiplinger’s ranks Tech as the 20th best college value for in-state students.

Tech ranked even higher on the value scale for out-of-state students, coming in at 17th in the nation. Tech is the only New Mexico college to be ranked in the top 100 for best value.

University president Dr. Daniel H. Lopez said, “New Mexico Tech continues to be recognized for its outstanding performance, both as a research institution and for our academic excellence. This is despite the very challenging times we face due to financial constraints. Faculty and staff have not received any meaningful increases in compensation, but they continue to perform at outstanding level and it also speaks to the high quality students we attract.”

The University of North Carolina, University of Virginia and University of Florida finished first, second and third as colleges rated a best value for students. The ranking is based on cost and financial-aid metrics.

New Mexico Tech has been listed among the best values by Kiplinger’s many times in the past.

In 2014, Kiplinger’s again ranked Tech as the #46 “Best Value Public College. Tech is #2 among the top 100 for lowest cost for in-state and #3 for lowest cost after need-based aid.

In 2013, Tech ranked as the #20 “Best Value Public College.” Tech is in the top 10 for in-state and out-of-state tuition and in the top 20 for lowest average debt upon graduation.

In 2012, Tech ranked as the #16 “Best Value Public College.” Tech is in the top 10 for in-state and out-of-state tuition and in the top 20 for lowest average debt upon graduation.

Kiplinger’s assesses quality according to measurable standards, including the admission rate, the percentage of students who return for sophomore year, the student-faculty ratio and the four-year graduation rate. Cost criteria include sticker prices, financial aid and average debt at graduation. Many schools have appeared on the list multiple times, including New Mexico Tech, a testament to the consistent value these colleges provide, according to a Kiplinger’s press release.

“We salute this year’s top schools,” says Janet Bodnar, editor of Kiplinger’s Personal Finance magazine. “Balancing top-quality education with affordable cost is a challenge for families in today’s economy, which is why Kiplinger’s rankings are such a valuable resource. The schools on the 2015 list offer students the best of both worlds.”

The complete rankings, including the top schools overall as well as the best values in public schools, private universities and private liberal arts colleges, are available online at kiplinger.com/links/college. The rankings will also appear in the February 2015 issue of Kiplinger’s Personal Finance, on newsstands January 6, 2015. Web visitors will find special features, including a tool that lets readers sort by admission rate, average debt at graduation and other criteria for all schools, plus by in-state and out-of-state cost for public universities; a slide show of the top 10 schools in each category; archives of previous years’ rankings, and an FAQ about the ranking methodology.

– NMT –