The Social Mobility ranking is calculated in part, for example, by how many students receive Pell Grants, and the predicted vs. actual rates of graduation; Research, in part by the amount of research funds received, and number of students who go on for Ph.D.s; and Service, in part by the number of students who serve in the Peace Corps, or ROTC. This is only a partial description of the methodology, factors, and calculations. The explanation for the rankings and the methodology used in the calculations are available online and make for interesting reading.
According to the editors,
"Higher education, moreover, isn’t something that only seventeen-year-olds
and their parents need to worry about. In the information age, we all depend on
colleges and universities to produce groundbreaking research and new inventions,
to serve as engines of social mobility for first-generation college students,
and to mold the minds of future leaders. And we all pay for it—colleges receive
enormous amounts of public money through direct subsidies and tax breaks every
year. In other words, we need more than just good college rankings for
prospective students—we need good college rankings for everyone else.And that’s what the Washington Monthly College Rankings aim to provide: a measure of not just what colleges can do for you, but what colleges are doing for the country. To compile the list, we gathered reams of publicly available data and settled on three criteria: social mobility, research, and service. In our eyes, America’s best colleges are those that work hardest to help economically disadvantaged students earn the credentials that the job market demands. They’re the institutions that contribute new scientific discoveries and highly trained PhDs. They’re the colleges that emphasize the obligations students have to serve their communities and the nation at large. "
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