Franklin College ranks No. 147 out of 233 liberal arts college across the country, according to a U.S. News and World Report’s 2018 Best Colleges list released Tuesday.
The college ranked No. 168 on the 2017 list.
Williams College of Williamstown, Massachusetts ranked No. 1 on the liberal arts list for the 15th consecutive year. DePauw University earned the highest spot on the list of Indiana schools, ranking at No. 53. Other Indiana schools on the list include Wabash College at No. 65, Earlham College at No. 68, St. Mary’s College at No. 101 and Hanover College #112.
Of the eight ranked Indiana schools, Franklin College is No. 6.
U.S. News and World Report ranks schools according to their performance across a set of “widely accepted indicators of excellence.”
The ranking system is based on a formula of both quantitative and qualitative measures, which education experts deem as reliable indicators of academic quality.
In calculating the rankings, experts gather data from each college with up to 15 indicators of academic excellence. Those indicators include graduation and retention rates (22.5 percent), undergraduate academic reputation (22.5 percent), faculty resources (20 percent). Some of the lowest indicators include graduation rate performance (7.5 percent) and alumni giving rate (5 percent).
U.S. News and World Report uses the Carnegie Classification of Institutions of High Education’s Basic Classification system to determine a college’s placement in certain categories, like National Liberal Arts Colleges list. This system has been in place since 1983.
To view the full list of qualifying schools, click here.