The Chronicle of Higher Education has ranked Seton Hall University among the Top 25 of all private universities in the nation for the upward financial mobility of its students.
According to The Chronicle, the mobility rate, by which the ranking was derived, is "a measure of the percentage of all students in a birth cohort at a particular college whose parents were in the bottom 20 percent for household income, and who reached the top 20 percent for individual earnings."
Long committed to being a university of opportunity for students from all socio-economic backgrounds, Seton Hall ranked #24 in the nation among all private four-year colleges.
"This acknowledgment is important to us," said Alyssa McCloud, vice president for enrollment management. "A college education can change the lives and financial trajectories of entire families. At Seton Hall we have been committed to making opportunity available to those who deserve it since our founding in 1856, and we will continue to live out this important tenet of our Catholic mission."
The study was based on wage and income information derived from "millions of anonymous tax records and financial-aid records," and looked at a cohort of students born between 1980 and 1982 who attended college in the early 2000s. The study then used financial data from 2014, giving the students time to establish themselves career-wise. The parental income data, according to The Chronicle, "is the average annual household total income before taxes and transfers over the five years when the child turned ages 15 to 19, and is adjusted for inflation to 2015 dollars."
The ranking was derived from a 2017 National Bureau of Economic Research Working Paper entitled, "Mobility Report Cards: The Role of Colleges in Intergenerational Mobility." Read more about the methodology and see the complete list of rankings by clicking here.