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Wofford named a ‘best value’ college by Kiplinger’s

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#39 on national list of 100 private liberal arts colleges

– Wofford College is one of the best values in private institutions, ranked by Kiplinger’s Personal Finance in its listing released today of private liberal arts colleges and universities that “deliver a high-quality education at an affordable price.”

Wofford consistently appears on the list of 100 private liberal arts colleges, this year at #39, and on other national “best values” lists, such as Princeton Review/USA Today and U.S. News & World Report.

The annual Kiplinger 100 rankings appear in the December 2010 issue of Kiplinger’s Personal Finance magazine — on newsstands Nov. 9. Additionally, for the first time, Kiplinger ranks an additional 100 private institutions on its Web site. The list of 200 schools is accessible at www.kiplinger.com/links/college.

“Financial aid is an important consideration for many families considering Wofford, and it’s great to be recognized for the value Wofford provides,” says Brand Stille, vice president for enrollment. “We are very focused on making Wofford affordable and accessible while continually improving the students’ education, experience and preparation for life beyond college.”  (Find out more about Admission to Wofford.)

About 90 percent of students at Wofford receive financial aid, with the average package exceeding $27,000 for first-year students entering in 2010. The student loan default rate over the past three years was zero.  (Find out more about Wofford's Financial Aid.)

Earlier this year, U.S. News & World Report included Wofford on its list of 40 liberal arts colleges making its “Great Schools, Great Prices” list. Wofford also was named one of the nation’s 50 “Best Value” private colleges and universities by Princeton Review and USA Today.

The average cost of one year at a four-year private school lately has been about $36,000, according to the College Board, with the increase for 2010-11 a relatively modest 4.5 percent, the Kiplinger publication notes. However, the net price — the cost after financial aid — puts the total out-of-pocket cost closer to $22,000, on average.

“What’s more, some of the colleges on the Kiplinger rankings offer a net price below $20,000, making some of the best institutions in the world a downright bargain,” says Janet Bodnar, editor of Kiplinger’s.