20-Year Net ROI: $430,000
Prestigious Washington University in St. Louis is a great option for those students who want both an urban college experience and a liberal arts education. Seven undergraduate and graduate schools offer students an impressive number of degree choices, many of which are in areas directly relating to the liberal arts. Impressively, Washington University in St. Louis has produced 25 Nobel laureates, and is ranked #20 on the 2017 Academic Ranking of World Universities.
Big universities and well-known liberal arts colleges on the two coasts might command most of the attention, but for those students seeking a quality liberal arts education in a familiar setting, there’s no need to look further than the Midwest.
To find the 30 best liberal arts colleges in the Midwest, we started by considering only those colleges in the states of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, and Wisconsin.
There are far more than 30 liberal arts colleges in the Midwest, so we narrowed down our list by considering factors such as:
– National rankings (40%)
– Freshmen retention rates (20%)
– Unique curriculum (30%)
– Membership in a college consortium (5%)
– Historical significance (5%)
Though we didn’t directly consider the 4-year cost of attending these liberal arts colleges, we did order our 30 best liberal arts colleges in the Midwest based on their average 20-year net return on investment, as decided by PayScale.
|1||Washington University in St. Louis||Saint Louis, MO|
|2||Rockhurst University||Kansas City, MO|
|3||DePauw University||Greencastle, IN|
|4||Truman State University||Kirksville, MO|
|5||Carleton College||Northfield, MN|
|6||William Jewell College||Liberty, MO|
|7||Illinois Wesleyan University||Bloomington, IL|
|8||Denison University||Granville, OH|
|9||Wheaton College||Wheaton, IL|
|10||Albion College||Albion, MI|
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