DUBUQUE, Iowa – Money Magazine ranks Loras College, a four-year Catholic, liberal arts college, the seventh best college for awarding merit scholarships. Loras is one of just three schools in Iowa to make the list, ranking higher than Wartburg College, 18, and Northwestern University, 23.
The ranking identifies 46 high-value schools selected from Money Magazine’s 711 “Best Colleges for Your Money” list released earlier this year. The scholarship ranking is based on which colleges and universities students have the best chance of landing significant scholarship aid.
“We are committed to supporting all eligible students with access to a Loras education,” Jim Collins, president of Loras, said. “We take pride in partnering with students and their families to fully understand their unique financial needs.”
Loras awarded $28 million worth of grants and scholarships to undergraduates last year with the average need-based financial aid package for a first-time student totaling $27,644. Of incoming students, 100 percent received Loras scholarships or other financial assistance.
In addition to the Money Magazine ranking, College Consensus ranks Loras the fifth top college among Iowa’s 48 colleges and universities in its Best Colleges list. College Consensus combines the results of reputable college ranking systems and thousands of student reviews.
ABOUT LORAS COLLEGE
Loras leverages its historic roots as Iowa’s first college, the second oldest Catholic college west of the Mississippi River and one of the nation’s 10 diocesan institutions to deliver challenging, life-changing experiences as part of its residential, Catholic setting. Loras ranks among 450 NCAA Division III athletic programs in Learfield Sports Directors’ Cup standings, 11th out of the Top 100 baccalaureate colleges, according to the 2016 Washington Monthly College Rankings, 13th Best Regional College, according to Midwest U.S. News Best Colleges and is among the 200 Best-Loved Colleges in the nation, according to Forbes Magazine.