Tag: Economy

New Study Reveals Berea College Makes $202 Million Impact on Local Economy

Last modified: May 15, 2018

A newly-commissioned study reveals that Berea College’s operations make a yearly economic impact of more than $202 million in Madison County. The study quantifies the economic impact of Berea College on the local economy. It looks at the impact generated by all operations of the College.

Although the economic impact generated by the college goes throughout the Appalachian region, this analysis focuses on Madison County. The $202 million is a measure of the total dollar value that flows through the Berea-Madison County economy because of the operations of Berea College. The exact amount is $202,413,426 for the 2016-17 academic year. Continue reading New Study Reveals Berea College Makes $202 Million Impact on Local Economy →

Berea College President Featured in University Business Magazine

Last modified: April 25, 2019

President Lyle Roelofs running with studentsThe January issue of University Business magazine features a recent interview with Berea College President Lyle Roelofs. Matt Zalaznick’s article highlights Berea’s mission and legacy of interracial and coeducation for low-income students. Roelofs also discusses the challenge of maintaining Berea’s no-tuition policy in today’s economic climate, the College’s response to external social pressures and Berea’s distinctive Labor Program.

To get a more personal glimpse of President Roelofs, read Zalaznick’s article on the president’s interests and hobbies.

CNBC Applauds Berea College for No Tuition and Least Debt for Students

Last modified: May 15, 2018
CNBC logoOnce again Berea College’s distinctive model of not charging students for tuition has gained national attention. Americans have more student debt than ever before, but CNBC, a national media network for consumer news and business, recently published two articles by Abigail Hess citing Berea for its affordability and its top spot for students with the lowest average amount of debt. Continue reading CNBC Applauds Berea College for No Tuition and Least Debt for Students →

Washington Monthly Ranks Berea No. 1 Twice; As Best National Liberal Arts College and Best Bang for the Buck

Last modified: May 15, 2018
Student with Washington Monthly 2017
Washington Monthly has once again ranked Berea College #1 in two major classifications, citing Berea as the nation’s top liberal arts college and ranking Berea as the Best Bang for the Buck Colleges in the South. Berea’s top rank in the 2017 Washington Monthly College Rankings Guide comes from its success in educating and graduating academically talented, low-income students who become service-oriented leaders in their professions and communities. Continue reading Washington Monthly Ranks Berea No. 1 Twice; As Best National Liberal Arts College and Best Bang for the Buck →

Forbes Names Berea as a “Standout” for Low Debt

Last modified: May 17, 2018

Rising student debt continues to alarm many families. The amount of debt American colleges take on—while making fewer headlines—also is of extreme concern. Forbes, in its latest list titled “2017 College Financial Grades: How Fit Is Your School?” gives kudos to Berea College for keeping institutional debt low and scores Berea with an “A” grade.

In a newly-published article, Matt Schifrin, a Forbes staff writer, focuses on factors that indicate the financial fitness of schools: endowment assets per student; primary reserve ratio; viability ratio; return on assets; and instruction expenses per student. Continue reading Forbes Names Berea as a “Standout” for Low Debt →