Cameron University is among the top five Best Value Colleges in Oklahoma, according to a study released by Smart Asset, a financial technology company that provides data-based information to help consumers with their financial decisions. Using data from three sources – 2014 National Center for Educational Statistics, 2016 Payscale and 2014 College InSight – the study indicates that, of the top five Oklahoma institutions in the survey, Cameron offered the lowest tuition for the 2013-14 academic year. At $5,055, it was well below the state average of $9,276. In addition, the average amount of scholarships and grants for Cameron students exceeded the state average, while student living costs were less than the state average.
“It’s rewarding for Cameron to be recognized by a national financial organization as a ‘Best Value,” says President John McArthur. “This study validates our commitment to providing a top quality education at an affordable cost. A Cameron University degree continues to be one of the best values among institutions of higher education anywhere.”
Smart Asset evaluated five factors to determine the best value colleges and universities: tuition, student living costs, scholarship and grant offerings, retention rate and starting salary. To capture the true cost of attending a school, the organization included the tuition (using in-state tuition for public schools where applicable), student living costs (including room and board, books, supplies, transportation and other personal expenses) and the average scholarships and grants offered to students of the school. To capture what students get in return, Smart Asset looked at student retention rate (the percent of students that re-enrolled at the institution the following year) and the average starting salary. Starting salary, tuition and living costs were weighted at 25%, and scholarships and grants and student retention were weighted at 12.5%.
Smart Asset’s Best Value Colleges study for Oklahoma can be seen at https://smartasset.com/student-loans/student-loan-calculator?year=2016#oklahoma.
April 15, 2016