Ranking Methodology
At AffordableCollegesOnline.org, we help students identify affordable education pathways. Our site offers program overviews, career and financial aid guides, and school and program rankings. Our rankings sort schools by affordability, major, program type, and state.
Using education sources that are credible, objective, and current, we update our annual rankings to accurately present affordable higher education online programs. Learn more about our data sources and ranking methodology.
About the Data We Use
To create accurate, reliable rankings, we use trusted data from the U.S. Department of Education such as College Scorecard and the Integrated Postsecondary Education Data System (IPEDS). The goal is to find and analyze the most useful data to help you make your choice.
College Scorecard compiles information from colleges and universities, providing data in areas including costs, employment rates, earnings, and student loan debt. Meanwhile, IPEDS measures student outcomes, debt, and institutional financing each year, based on analysis of surveys from thousands of schools.
When it comes to how we rank programs, we count 60% for affordability and 40% for academic quality. We assess affordability based on factors such as net tuition rates, annual tuition changes, financial aid statistics, and loan default rates.
We consider academic quality by student-to-faculty ratio, graduation and retention rates, and number of programs available.
For graduate program rankings, we measure academic quality based on the percentage of online master's programs and graduate students at a given institution.
A Breakdown of Our Ranking Methodology
Metrics | Weight |
---|---|
Academic Quality | 20% |
Affordability | 35% |
Reputation | 20% |
Program Offerings | 10% |
Online Enrollment Score | 15% |
Metrics | Weight |
---|---|
Academic Quality | 30% |
Affordability | 40% |
Reputation | 15% |
Program Offerings | 15% |
Metrics | Weight |
---|---|
Academic Quality | 20% |
Affordability | 35% |
Reputation | 20% |
Online Enrollment Scores | 25% |
Metrics | Weight |
---|---|
Academic Quality | 30% |
Affordability | 40% |
Reputation | 30% |
Metrics | Weight |
---|---|
Academic Quality | 10% |
Affordability | 60% |
Reputation | 10% |
Program Offerings | 10% |
Online Enrollment Score | 10% |
Metrics | Weight |
---|---|
Academic Quality | 15% |
Affordability | 60% |
Reputation | 15% |
Online Enrollment Scores | 10% |
Metrics | Weight |
---|---|
Academic Quality | 10% |
Affordability | 65% |
Reputation | 12% |
Program Offerings | 13% |
Metrics | Weight |
---|---|
Academic Quality | 10% |
Affordability | 65% |
Reputation | 12% |
Program Offerings | 13% |
About Our Ranking Factors
AffordableCollegesOnline.org considers many factors when assessing online schools and programs. Our ranking factors include:
-
Academic Quality
Our rankings consider academic quality factors such as student retention rates, graduation rates, and full-time faculty ratios. Low student-to-faculty ratios also tend to correlate with high academic quality, so AffordableCollegesOnline.org also considers this data when ranking schools. -
School Affordability
Since our site serves users seeking affordable higher education options, school affordability is weighted at 60% in our ranking system. We assess affordability based on many factors, including number of financial aid recipients, average amount of financial aid received per student, and median student debt. -
School Reputation
Since school reputation often correlates with student success, we incorporate reputation into our rankings decisions. Graduates of reputable schools and programs often earn high salaries, so we consider graduate earnings when ranking a school's reputation. Prestigious schools also typically admit only their top applicants, so we consider admission rates and enrollment rates as well. -
Program Offerings
AffordableCollegesOnline.org only ranks schools that offer at least 10 online bachelor's or master's programs. High numbers of online programs tend to indicate established, successful online education systems.
Subfactors for Academic Quality
Graduation Rate
This measure indicates the percentage of students who finish their degree in six years or less. A high graduation rate indicates that a school offers adequate support for its students.
Retention Rate
This measure indicates what percentage of first-year students return to the same school for a second year. Since dissatisfied students may drop out or transfer to other schools, a high retention rate usually reflects a high satisfaction rate.
Student-to-Faculty Ratio
This ratio indicates the average number of students per faculty member. Low student-to-faculty ratios often appear at smaller schools and elite schools. A low ratio typically means that students receive abundant personalized attention from faculty.
Proportion of Full-Time Faculty Ratio
This ratio indicates the percentage of full-time faculty at an institution. A higher percentage often indicates higher quality academics because full-time faculty typically boast more competitive credentials and professional experience than part-time faculty.
Subfactors for Affordability
Average Net Price For Students Awarded Financial Aid
This measures indicates the total tuition amount a student pays after receiving financial aid. By factoring in both tuition and financial aid, average net price serves as a very strong affordability indicator. The lowest net prices typically appear at the most affordable schools.
Average Loan Default Rate
A program's loan default rate measures how many graduates were able to repay their loans after completing the program. A high loan default rate indicates that many graduates were unable to repay their loans, which often points to a lack of employment opportunities. A low loan default rate indicates strong job prospects after graduation. Our methodology factors in the loan default rate as a measure of a degree's affordability and its ability to prepare graduates for the workforce.
Percent of Undergraduate Students Awarded Federal Student Loans
Federal loans make education more affordable by offering lower interest rates than private loans and allowing students adequate time for repayment. At affordable schools, a high percentage of the student body may receive federal student loans.
Average Amount of Federal Student Loans Awarded to Undergraduate Students
This ranking factor measures the average loan amount the federal government awards a school's enrollees. Federal loans typically come with lower interest rates than private loans. A high federal loan average can indicate a more affordable school.
Percent of Full-Time First-Time Undergraduates Awarded Any Financial Aid
This number indicates the percentage of full-time undergraduates who receive any financial aid. A high percentage of financial aid recipients indicates that a school supports students in securing financial aid.
Average Amount of Grant and Scholarship Aid Awarded
This figure measures the average grant and scholarship funding students receive. Unlike loans, scholarships and grants do not require repayment. Therefore, high scholarship and grant award amounts may correlate with less student debt.
Median Debt for Students
This measure indicates the median debt that students owe six years after starting at a school. Schools with lower median debt accruals typically prove more affordable than schools with high debt medians.
Subfactors for Reputation
Admission Rate
This statistic measures the percentage of applicants that a school admits. Elite schools often admit a small percentage of applicants. Consequently, schools with lower admission rates typically boast strong reputations.
Enrollment Rate
This measure indicates the proportion of admitted applicants that actually end up enrolling. A high enrollment percentage indicates desirability and positively correlates with school prestige.
Average Earnings of Students Working
Average earnings measures how much graduates make annually. Measured six years from first enrollment, a high earnings figure often suggests that the school's offerings make profitable careers accessible to graduates.
Subfactors for Program Offerings
Percentage of Degrees Offered
When ranking online programs, schools with a higher percentage of online degrees score better than schools with fewer online offerings. A high number suggests that a school significantly invests in organizing, developing, and improving online education.
Percentage of Students Enrolled in Online (Degree Level) Programs*
Measuring the number of distance learners in relation to the school's total enrollment, this percentage highlights the prevalence of the school's online degree programs.
*We only consider this subfactor for our online program rankings; not our on-campus rankings.
Overall Online Enrollment*
Overall enrollment numbers include learners who take courses both on campus and online. This figure communicates the general popularity of online learning at a given school. A high online enrollee rate positively correlates with strong online programs.
*We only use overall online enrollment as a subfactor in our online program rankings; not our on-campus rankings.
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