With the current economy still volatile, and with the financial viability of higher education in question, Forbes recently ranked the College of the Holy Cross 59th in an assessment of institutional financial soundness. The extensive study took 900 private colleges and universities into account, and also awarded the College with an “A” grade, meaning it has passed with flying colors. The maximum score on the Forbes chart is 4.5, and by ranking 4.2., Holy Cross was the highest ranked Jesuit school on the list.
In order to devise their rankings, Forbes consulted financial data reported to the U.S. Department of Education in 2010 and 2011. They also took a wide array of financial components into account, with heavy emphasis on endowment assets per full-time equivalency students, expendable assets to operating expenses, net tuition and fees as a percent of total revenue, and enrollment yield.
This ‘Holy Cross in the News’ item by David Cotrone ’13.