POUGHKEEPSIE, NY — Vassar College has been named among the ten best private liberal arts college values in the United States by Kiplinger’s Personal Finance. The monthly magazine’s just-released 2008-2009 Best Values in Private Colleges list honors colleges that combine exceptional education with outstanding economic value, emphasizing academic quality and affordability (http://www.kiplinger.com/tools/privatecolleges/ataglance_lib_arts.html). Vassar has ranked consistently higher on Kiplinger’s list the past three years, earning the 10th position in 2008-2009, 18th in 2007-2008, and 20th in 2006-2007.
Vassar will provide more than $35 million in scholarship aid this school year, nearly 25% of the college's operating budget. The college considers applicants strictly on their academic qualifications, in its "need-blind" admissions policy, and provides financial aid to support the full demonstrated need of all of its students.
In fact, responding to a number of students whose family incomes have suffered from the past year's economic decline, Vassar will provide $1 million more in financial aid than originally projected for the current academic year.
"With the financial stakes feeling so much higher, families should be sure to look beyond a college's sticker price, to the net price they could pay after scholarship aid,” wrote Vassar president Catharine Hill in a November 11, 2008 essay in Business Week (http://www.businessweek.com/bschools/content/nov2008/bs20081111_775585.htm). "Not applying to high sticker price schools that offer significant financial aid could actually lead families to pay more for their children’s education, not less. And, in the process they might rule out great college options for their son or daughter."
In announcing the new Kiplinger’s list, editor Janet Bodnar echoed President Hill’s sentiments that families shouldn't rule out private colleges as unaffordable, even during these trying economic times.
“Families hit by the economic downturn may feel that private institutions are out of their financial reach, but they will be surprised by our findings," Bodnar said. “Most of the top-notch schools on the Kiplinger 100 offer generous financial aid packages.”
Vassar's need-blind admissions policy applies to first-year students who are U.S. citizens or permanent residents. In recent years Vassar has also replaced all loans with scholarship grants in the financial aid packages of students whose families earn up to $60,000. Further information about Vassar admissions and financial aid can be found at http://admissions.vassar.edu.
Vassar College is a highly selective, coeducational, independent, residential liberal arts college founded in 1861.