Kiplinger's names TU a top 75 best value private university

Thursday, October 17, 2013

Kiplinger's Personal Finance magazine has named The University of Tulsa a best value among private universities.

The publication ranked TU 75th on its list, with its calculations based on student-faculty ratios, admission rates, test scores of incoming freshmen, on-time graduation rates, tuition, fees, room and board, and financial aid.

"TU strives to provide the best possible faculty, facilities and opportunities to our students. This hard work combined with rigorous entrance standards and generous financial assistance ensures our university is a worthy investment," said TU President Steadman Upham. "Our graduates are equipped to find meaningful employment and earn competitive salaries."

Kiplinger's noted that every year, readers question how private institutions that often charge significantly more than public schools can possibly be a good value. The answer? Sticker price does not equal net price. The average total cost of a private college or university is about $40,000 a year, but private institutions' abundant need- and merit-based aid means that most families pay about half the advertised price.

For 2013, 88 percent of The University of Tulsa's fulltime, degree-seeking undergraduates received financial aid. TU was recently recognized by U.S. News & World Report as being the top research university in the nation for awarding merit aid to students. TU also boasts small class sizes with an 11-to-1 faculty-student ratio, and more than 70 percent of incoming freshmen graduated in the top 10 percent of their high school classes.

Read more information on Kiplinger's rankings and methodology

Mona Chamberlin