As reported in the August 14, 2008 issue of insidehighered.com, Forbes has now entered the college ranking business. What has perhaps drawn the most attention and concern is the methodology used in its rankings. Richard Vedder, an economist at Ohio University and the Center for College Affordability and Productivity (CCAP), developed the following five components used to compile the new Forbes.com rankings:
1. Listing of Alumni in the 2008 Who's Who in America (25%)
2. Student Evaluations of Professors from Ratemyprofessors.com (25%)
3. Four- Year Graduation Rates (16 2/3%)
4. Enrollment-adjusted numbers of students and faculty receiving nationally competitive awards (16 2/3%)
5. Average four year accumulated student debt of those borrowing money (16 2/3%)
You can access the Forbes rankings on the forbes.com website.
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