21 NJ Colleges Among Best In America For Your Money In 2018

Princeton University has been named the best college for the money in America by Money magazine, but the financial magazine identified 20 other New Jersey colleges that would be a good bang for your buck.

Money ranked 727 of the best colleges based on quality of education, affordability and outcomes. And while the usual suspects topped the list, 21 New Jersey colleges made the cut. Only Drew University was left off the list.

Money pared down its rankings by only including institutions that had at least 500 students, had sufficient, reliable data that could be analyzed, and weren’t strapped for cash. The colleges also had graduation rates that were at least the median for its institutional category — public, private or historically black college or university — or had a high “value-added” graduation rate.

Here are the three best colleges in New Jersey and their overall ranks.

1. Princeton University (#1)
2. The College of New Jersey (#35)
3. Rutgers University-New Brunswick (#65)
4. Ramapo College of New Jersey (#113)
5. Stevens Institute of Technology (#153)
6. Montclair State University (#164)
7. Rowan University, Glassboro (#182)
8. College of Saint Elizabeth, Morristown (#193)
9. New Jersey Institute of Technology, Newark (#199)
10. Stockton University, Galloway (#218)
11. Seton Hall University, South Orange (#292)
12. Kean University, Union (#320)
13. Monmouth University, West Long Branch (#358)
14. Saint Peter's University, Jersey City (#398)
15. Fairleigh Dickinson University-Metropolitan Campus, Teaneck (#448)
16. Rider University, Lawrenceville (#459)
17. Georgian Court University, Lakewood (#489)
18. William Paterson University of New Jersey, Wayne (#491)
19. Felician University, Lodi (#494)
20. Centenary University, Hackettstown (#581)
21. Caldwell University (#648)

Here’s the breakdown of the top three colleges in New Jersey:

Princeton University

• Overall rank: 1
• Median SAT/ACT score: 1500/34
• Estimated price 2018-19 without aid: $67,700
• Est. price 2018-19 with average grant: $19,000
• Percent with need who get grants: 100 percent
• Average student debt: $7,500
• Early career earnings: $69,800

College of New Jersey

• Overall rank: 35
• Median SAT/ACT score: 1200/28
• Estimated price 2018-19 without aid: $35,300
• Est. price 2018-19 with average grant: $24,100
• Percent with need who get grants: 39 percent
• Average student debt: $23,300
• Early career earnings: $54,400

Rutgers University – New Brunswick

• Overall rank: 65
• Median SAT/ACT score: 1230/NA
• Estimated price 2018-19 without aid: $32,300
• Est. price 2018-19 with average grant: $16,800
• Percent with need who get grants: 70 percent
• Average student debt: $22,200
• Early career earnings: $55,800

MONEY used research and expert advice on education quality, financing, and value to create its rankings. The magazine, for example, says every student at Princeton who needs a grant gets one, and the average recipient sees the estimated price fall to $19,000.

The average Princeton grad accrues just $7,500 in student debt — less than half that of the No. 2 school, University of California-San Diego — and sees early career earnings of nearly $70,000.

Here are the top 10 colleges overall for the money, according to the magazine.

1. Princeton University - Princeton
2. University of California-San Diego - La Jolla, CA
3. University of California-Irvine - Irvine, CA
4. University of California-Los Angeles - Los Angeles, CA
5. Stanford University - Stanford, CA
6. Massachusetts Institute of Technology - Cambridge, MA
7. University of California-Berkeley - Berkeley, CA
8. CUNY Bernard M Baruch College - New York, NY
9. University of Michigan-Ann Arbor - Ann Arbor, MI
10. University of Virginia-Main Campus - Charlottesville, VA

If you’re looking for early returns on your investment, you may want to try MIT or Harvey Mudd College in Claremont, California. MIT grads see early earnings of $81,500 and Harvey Mudd alumni are just a hair below at $81,000.

When it comes to graduating and not owing money, CUNY is the place to be, with six campuses falling in the top 10 for lowest average student debt. CUNY graduates in New York City, the Bronx, Brooklyn and Queens typically owe between $10,000 and $12,000. CUNY Bernard M Baruch College in New York City ranked 8th overall in Money’s rankings.

If you’re looking for the best public universities, California seems to be the place to be. The Golden State is home to the four top public colleges in the country — all campuses of the University of California — and 19 of the top 50. By comparison, no other state had more than five.

Money acknowledged that money isn’t everything when it comes to college, noting that what students actually learn remains somewhat of a mystery.

“The various assessments of college student learning are controversial, few colleges use them and very few of the ones that do release the results publicly,” the authors wrote.

The researchers said they couldn’t find “good data on basic indicators” for academic rigor, such as the number of pages of writing and reading required per assignment. The authors also highlighted that they didn’t adjust the earnings data to cost of living, so some colleges located in poorer areas or areas with low costs of living may be ranked too low.

Click here to see the full rankings.

Patch national reporter Dan Hampton contributed to this article.

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