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Money logoOn July 28, Money magazine released its first-ever national ranking of best-value colleges -- and Wagner College ranked in the top third among all colleges and universities across the country, big and small, public and private, Ivy and otherwise.

Here's how Money magazine's editors described their new "best colleges" rankings:

To find out which of the nation’s roughly 1,500 four-year colleges offer the most bang for your tuition buck, Money screened out those with a below-average graduation rate and then ranked the 665 that remained on 17 factors in three categories: educational quality, affordability, and alumni earnings provided by Included: a “value added” grade that rated each college in light of the economic and academic profile of its student body and the mix of majors at that school. We then used a statistical technique to turn all the data points into a single score on a five-point scale and rated them accordingly. These schools went to the head of the class.

Read the New York Times' take on Money's new college rankings system.

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