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3 Houston schools highlighted on new ranking of best colleges

Rice University is one of the best colleges in the U.S. for your money. Photo courtesy of Rice University

College tuition is a concern for many Americans, but here in Houston, there are options that make it a little easier on the wallet. Money magazine recently unveiled its Best Colleges for Your Money for 2019-20, and three local universities made the cut.

Money's annual report is an analysis of the country's institutions of higher education, "ranging from elite colleges and public universities to smaller specialized colleges."

In order to determine the best colleges, Money compared each school based on three points, all weighted equally to find the final score:

  • Quality of education: Graduation rates, student-to-faculty ratio, Pell Grant recipients, etc.
  • Affordability: Net costs, time it takes to earn a degree, amount of money borrowed, and student-loan default and repayment rates after graduation.
  • Outcomes: Post-graduation salaries, socioeconomic background of the student body, and mix of majors.

Houston schools
Topping the local list is Rice University at No. 24 out of 744 schools. On average, tuition at Rice will cost $66,000 for the 2019-20 school year, but students will only pay an average of $25,800 after grants.

The school also has an outstanding ratio of debt ($11,200) to early career earnings ($69,200).

In the 236th spot is the University of Houston. UH's tuition is estimated to be $26,100 for the upcoming year, but students pay an average of $16,700 after financial aid.

UH's students have a reasonable ratio of debt to early career earnings: $19,250 to $55,000, respectively.

University of St. Thomas was the only other local school to appear on the list. At No. 431, St. Thomas has an estimated tuition of $48,600 for the upcoming year, but students pay an average of $20,500, thanks to grants.

The school's ratio of debt to early career earnings is similar to UH's: $22,500 to $49,500, respectively.

Texas and beyond
Texas A&M ranked best in Texas at No. 18. On average, tuition will cost $29,700 for the 2019-20 school year, but Aggies will only pay an average of $20,900 after grants.

The College Station school also had a solid ratio of debt ($18,520) to early career earnings ($59,000).

In total, Texas has 21 institutions on the list, including The University of Texas at Austin (No. 28), The University of Texas Rio Grande Valley (No. 193), and The University of Texas at Dallas (No. 271).

Meanwhile, the top five best colleges for your money are: University of California - Irvine, City University of New York - Baruch College, Princeton University, University of California - Los Angeles, and University of California - Davis.

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This article originally appeared on CultureMap.

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Building Houston

 
 

"There's something magical happening in Houston, and [VCs] want a piece of it." Photo via Getty Images

Houston's seen a growth in startup and venture investment — even amid the pandemic — and a group of Houston innovators sat down for a virtual event to discuss what's lead to this evolution.

The Greater Houston Partnership hosted an installment of its Houston Industry Series focused on Digital Tech on Thursday, September 24. The panel of experts, moderated by Krisha Tracy of Google Cloud, discussed how they've observed the paradigm shift that's occurred in Houston over the past few years — and why.

Missed the discussion? Here are some significant overheard moments from the virtual event.

“I think there really is an interest for venture capital here, both locally and also welcoming it from outside of Houston. … There’s something magical happening in Houston, and [VCs] want a piece of it. I think that magical piece is a renewed interest in collaborating.”

Stephanie Campbell, managing director of Houston Angel Network and co-founder of The Artemis Fund. "I think a lot [of this progress] is due to the GHP, Houston Exponential, and the founding of the HX Venture Fund to bring those venture funds to Houston to say, 'what's happening here?'" Campbell adds, saying that this connectivity and collaboration that's happening in Houston VC is unique.

“I think there’s a misconception around all we do is oil and gas and life science in Houston, but when you think about what VC-backable companies look like, they’re tech, they’re B2B SaaS, they’re highly scalable, and they don’t tend to be capital-intensive types of things we see corporate venture backing.”

Campbell says, adding "the connectivity and the interest in VC is really taking off. It's an exciting time to be in Houston and Texas in general."

“Plug and Play’s ventures team is based in Silicon Valley and one thing they enjoy about meeting Houston-based founders is valuations tend to be more reasonable than in the Bay Area."

Payal Patel, director of Plug and Play Tech Center in Houston. "There are gems to be found," she adds.

“I don’t know what it is — if it’s something in the water or just Texans being very friendly, but the investors here share deal flow. It takes a village, and I think we all understand a rising tide lifts all boats."

Patel says on the collaborative nature of Houston. "It's really magical."

“What you’re witnessing is a city that has been waiting for industrial innovation to reach the point where it can be adopted at a really high scale, and that happened around 2017.”

Jon Nordby, managing director at MassChallenge Texas in Houston. Nordby adds that MassChallenge in Houston hasn't been keen on consumer tech, or the "grilled cheese delivery apps," as he describes. "We like companies that are in love with problems, not so much in love with solutions. … We build really meaningful tech."

“Over the last year or two, we’ve seen that sleeping giant get awoken. Open and external innovation is newly adopted by more legacy industries where it wasn’t before — and that’s just created a mountain of opportunities for startups and investors alike.”

Nordby says on the shift toward this meaningful, problem-solving technology, which Houston is full of, as he observes.

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