COLUMBIA, Mo. - Columbia College recently was recognized as a “financially sound” institution by Forbes, based on a study that evaluated more than 900 four-year, private, nonprofit institutions across the country. The list, which will appear in the Aug. 13 edition of Forbes, analyzed the college’s 2010 and 2011 fiscal data, which was provided by the U.S. Department of Education.
“We are honored to be recognized by a publication such as Forbes,” said Dr. Terry Smith, interim president of Columbia College. “One of the central values at Columbia College is fiscal stewardship, which has guided the institution through uncertain economic times.”
Based on a desire to find the “underlying financial well-being of a college” beyond the cost of tuition, the Forbes College Financial Grades looked at measures such as balance sheet health, admissions yield, operational soundness and number of freshmen receiving institutional grants. Institutions received grades ranging from A - D.
Founded in 1851 in Columbia, Mo., Columbia College has been helping students advance their lives through higher education for more than 160 years. As a private, nonprofit, liberal arts and sciences institution, the college takes pride in its small classes, experienced faculty and quality educational programs. With more than 30 campuses across the country, 18 of which are on military installations, students may enroll in day, evening or online classes. The college is accredited by the Higher Learning Commission and is a member of the North Central Association of Colleges and Schools. Columbia College educates more than 31,000 students each year and has more than 74,000 alumni worldwide. For more information, visit www.ccis.edu.