The publication issued its rankings in its April 23, 2014 issue after collecting data from 2,500 higher education institutions and assessing the value of each institution based on metrics such as graduation rates, tuition, and the percentage of Pell Grant recipients.
CSUB is one of the seven CSU campuses that made the list, coming in at #39. The others include Cal State Long Beach (#10), Fresno State (#21), CSU Stanislaus (#22), CSU Dominguez Hills (#29), CSU San Bernardino (#30), and Cal State Northridge (#59).
“We are proud to be included in the TIME Magazine list. It speaks to the accessibility and excellence that are top strategic priorities for CSUB,” said Dr. Horace Mitchell, President of CSUB. “Having sufficient financial aid is essential to access and making it possible for our students to succeed in their educational aspirations. Because of the availability of federal Pell Grants, Cal Grants, CSU State University Grants and other support, coupled with financial aid professionals who work diligently on student's behalf, more than half of our students are able to graduate with an undergraduate degree with very little or no student loan debt. The importance of that for our alumni, our economy, and our region cannot be overstated.”
In 2012-13, approximately $3.8 billion in financial aid was distributed to 319,000 CSU students - nearly 76 percent of the total student population. Of this, $782.6 million was allotted in the form of Pell Grants.
The rating system proposed by the White House is intended to provide prospective students and their families with information that will allow them to select higher education institutions that provide the best value. The Obama Administration plans to link the institution's performance with federal financial aid disbursements.
To view the full ranking by TIME, click here.