For the first time in its history, Silver Lake College was honored by U.S. News & World Report as one of the Top 100 Regional Colleges in the Midwest for 2015.
According to U.S. News & World Report, its ranking system rests on two pillars. The formula uses quantitative measures that education experts have proposed as reliable indicators of academic quality, and it’s based on researched views of what matters in education.
First, schools are categorized by their mission, which is derived from the breakdown of types of higher education institutions as refined by the Carnegie Foundation for the Advancement of Teaching. The Carnegie classification, which is used extensively by higher education researchers, has been the basis of the Best Colleges ranking category system since U.S. News & World Report’s first rankings were published in 1983.
The U.S. Department of Education and many higher education associations use the system to organize their data and to determine colleges’ eligibility for grant money. In short, the Carnegie categories are the accepted standard in higher education.
Indicators used to capture academic quality fall into a number of categories: assessment by administrators at peer institutions, retention of students, faculty resources, student selectivity, financial resources, alumni giving and graduation rate performance.
The indicators include input measures that reflect a school’s student body, its faculty and its financial resources, along with outcome measures that signal how well the institution does its job of educating students.