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According to Morse, Princeton’s rankings increased slightly this year in the peer assessment category, while Harvard had a slight decrease, of about 1 percent, in alumni donations...
...News and World Report uses seven indicators to determine academic quality including peer assessment, retention, faculty resources, student selectivity, financial resources, graduation rate performance, and alumni giving rate. One factor that is not measured, Morse said, is what students learn. A recent survey by the American Council of Trustees and Alumni, addressed this question by assessing colleges’ general education curriculums. Harvard received a letter grade of D, Princeton C, and Yale F, according to this assessment...
...successor. The Corporation’s meeting agendas and minutes are also kept secret. The group is composed of President Faust, two professors (at Georgetown and Princeton), the head of an economic policy research institute, a couple of business leaders, and the former director of Citigroup, Robert Rubin. Some alumni might think they’re electing representatives when they vote for members of the Board of Overseers every year, but in reality, that governing board usually just rubber-stamps the Corporation’s decisions...
TIME: For readers who might not be familiar with it, what's the methodology behind the rankings? Morse: [They're] based on 15 indicators, [including] a reputation survey, admissions data, faculty data, financial-resources data, alumni giving and graduation and retention rates. We're not comparing all 1,400 schools. We're dividing them up into 10 categories, like national universities and liberal arts. We assign a weight to each of the variables. The peer survey, or the academic reputation, is the highest-weighted variable - it's 25%. (Read about a new college-rankings system...
Have you considered adding alumni earnings to the rankings formula, along the lines of the PayScale rankings? Yes. We have earnings in two of our rankings. In our MBA rankings, we have earnings data. In our law rankings, we have [job] placement data. There were issues about that, that [PayScale] was giving credit for somebody's salary for their undergraduate vs. their graduate degree. That's a problem with using it. But obviously people care. It's important how much money people make and the value of degrees. Students are graduating with debts, and they have to pay them back...