RAPID CITY, S.D. (Oct. 7, 2014) – The South Dakota School of Mines & Technology has been named one of “America’s 100 Best College Buys” for the 17th consecutive year. This year’s list is the 19th published by Institutional Research & Evaluation, an independent research and consulting organization that specializes in the recruiting and retention of students. Each year the organization identifies the 100 colleges and universities in the U.S. that provide students with the highest quality education at the lowest cost.
According to the survey, the annual cost for in-state students is $14,605. The annual cost for out-of-state students at SD Mines is $18,125, the second best in the nation among schools surveyed. The average high school grade point average (GPA) of 3.51 and the average ACT score of 26 for entering freshman at SD Mines exceed the corresponding national averages of 3.32 and 23.
“At a time when families are wondering whether a college education is worth it, we are providing an exceptional engineering and science education at a price families can afford,” said Heather Wilson, president of the South Dakota School of Mines & Technology. “Mines is a model for the nation of how to keep a great college education affordable.”
To be considered for the “America’s 100 Best College Buys” designation, institutions must offer four-year undergraduate degree programs and full residential facilities, have an entering freshman class with an average high school GPA or college entrance exam score equal to or above the national average and an out-of-state cost of attendance not exceeding the national average by more than 10 percent. This year, 1,143 accredited U.S. colleges and universities participated in the survey.
SD Mines is the only institution in the state of South Dakota listed in “America’s 100 Best College Buys,” and graduates are showing the value of a Mines education. The university’s placement rate is 98 percent, with an average early-career salary for graduates of $65,600, according to the 2014-2015 PayScale report.