White House Scorecard: UCF Earns High Marks for Affordability
The University of Central Florida scored well in all areas of a new college-affordabilityÂ scorecard announced Tuesday by President Obama during his State of the Union Address.
The website created by the U.S. Department of Education shows which college may be a good fit for students as far as affordability, graduation rates and other information.
For example at UCF, it typically costs $12,358 a year for undergraduate, in-state students to attend. According to the College Scorecard, that net cost falls in the â€ślowâ€ť range of costs. The net cost includes housing, transportation, books and personal expenses, and grants and scholarships (financial aid that students donâ€™t have to pay back) are subtracted.
The statistics also show that the amount of money students typically borrow is in the â€ślowâ€ť range. About half of UCFâ€™s undergraduate students graduate with no debt.
Meanwhile, UCFâ€™s six-year graduation rate listed in the report is 62.7 percent, which is in the â€śhighâ€ť range of the scorecard. UCFâ€™s most recent six-year graduation rate is 65.1 percent.
The interactive College Scorecard also can categorize educational institutions based on majors offered, location, enrollment size and other factors. The scorecard is at http://collegecost.ed.gov/scorecard.
UCF regularly earns ratings as one of the nationâ€™s â€śbest valueâ€ť universities.
The Princeton Review recently picked UCF as one of the top 75 public universities in the country based on academics, cost of attendance, faculty-to-student ratio, graduation rates and estimated debt, and Kiplinger magazine in December ranked UCF 42nd on the list of best college values in the country.