The site I quoted (USNews.com) does their ranking system by:
*Peer assessment (weighting: 25 percent)
*Retention (20 percent in national universities and liberal arts colleges and 25 percent in master's and comprehensive colleges)
*Faculty resources (20 percent)
*Student selectivity (15 percent)
*Financial resources (10 percent)
*Graduation rate performance (5 percent)
*Alumni giving rate (5 percent)
Highly dependent upon criteria, who is doing the rating and what type of universities are in the running. For example: The Consus Group Composite Rankings show Harvard on top followed by Princeton. Race also factors in. One school may be rated NUMBER ONE based on the "black experience," while another may be rated number one based upon the "anglo experience."
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