James Monks

School of Business, Room 306
University of Richmond
Richmond, VA 23173

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: University of Richmond

NBER Working Papers and Publications

July 1999The Impact of US News and World Report College Rankings on Admission Outcomes and Pricing Decisions at Selective Private Institutions
with Ronald G. Ehrenberg: w7227
Despite the widespread popularity of the U.S. News & World Report College rankings there has been no empirical analysis of the impact of these rankings on applications, admissions, and enrollment decisions, as well as on institutions' pricing policies. Our analyses indicate that a less favorable rank leads an institution to accept a greater percentage of its applicants, a smaller percentage of its admitted applicants matriculate, and the resulting entering class is of lower quality, as measured by its average SAT scores. While tuition levels are not responsive to less favorable rankings, institutions offer less visible price discounts in the form of slightly lower levels of expected self-help (loans and employment opportunities) and significantly more generous levels of grant aid. These d...

Published: "U.S. News and World Report's College Rankings: Why Do They Matter," Change, Vol. 31, no. 6 (November/December 1999): 42-51.

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