US News & World Report is an American media company that publishes news, consumer advice, rankings, and analysis. The company was founded in 1948 as a merger between two magazines. Since its launch, it has become one of the most popular news and information services in the world. Whether you’re looking for a job, a home, or just an education resource, the U.S. News & World Report has something for everyone.
College leaders have long questioned the validity of the US News rankings. But students and parents alike place a lot of trust in the rankings system because higher rankings mean more tuition dollars. While the new Chancellor of the University of Wisconsin-Madison boasted about the school’s rise in the US News rankings, he also hedged on the accuracy of the rankings.
While US News uses a rigorous methodology to evaluate universities, the ranking system is not based on a single metric. It considers a number of factors to determine a school’s overall quality, giving a certain percentage weight to each one. US News then publishes a numerical ranking for the top 75% of schools in each category. The remaining schools fall into the “second tier” and are ranked alphabetically.
The recent scandal involving US News and college rankings has thrown the rankings into disarray. The University of Phoenix has been implicated in fraud, as have many other colleges including Rutgers University and Emory University. US News should suspend its college rankings until it can properly assess the quality of institutions. Furthermore, the compensation of faculty members affects academic outcomes, and the methodology of US News should account for that.
To determine a school’s ranking, the organization must collect data from multiple sources. In order to determine a school’s graduation rate, U.S. News uses data from three or four years. In case a school fails to submit data for any year, it uses data from the previous year.
Criticisms of US News have been on the rise for years. The “best colleges” lists compiled by US News have shaped higher education’s hierarchy ever since their introduction in 1983. Yet, the rankings have come under increasing scrutiny due to questions about the accuracy of the data used to compile the rankings. In addition, the publication has had to contend with increasing competition from other publications.
While US News has been widely recognized for years, its college rankings are not based on uniform, objective figures. The ranking is based on a peer assessment survey, which asks college presidents to rate other institutions. The organization claims to use 80% of the numerical data collected from institutions to compile its rankings. Some of the data was submitted to the government under Federal law, while other data was voluntarily released by the institutions and provided directly to US News.
Last year, Americans reported their financial health at its highest level in almost a decade. The recovery in the job market and increased government support payments likely contributed to the uptick. According to the survey, eight in 10 Americans reported being “at least okay” with their finances and living comfortably. The survey, which included over 11,000 adults, was conducted during the months of October and November. This was a time when inflation had hit 6% year over year and the Russian invasion of Ukraine drove up the cost of food and gas.
During the recent COVID-19 pandemic, American consumers’ financial health took a hit. Nearly a third of respondents said they had withdrawn their emergency savings to cover the costs of life’s necessities. The survey also found that many Americans are now unsure about their financial health. Nearly three out of five respondents said that the current state of the economy in the U.S. has affected their confidence in their personal finances, while 29% said that they feel much less confident in their finances.
US News and World Report (USN&WR) is one of the most recognizable names in service journalism. Its publications cover a variety of topics including health, education, travel, cars, and personal finance. It has many signature franchises, including “Best” series of consumer guides and rankings for colleges, nursing homes, and high schools.
The magazine has become a national staple with its influential rankings of colleges and universities. It also publishes annual reports on graduate schools. It covers a wide range of academic fields and has consistently made bestseller lists. It also publishes rankings in a variety of other categories, including hospitals, medical specialties, and automobiles.