Forbes recognizes Lycoming College for its financial strength

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Apr 28, 2021, 08:30 ET

WILLIAMSPORT, Pa., April 28, 2021 /PRNewswire/ -- Adding to Lycoming College's growing list of accolades is a strong showing in Forbes College Financial Grades 2021. In the report, which assigns financial grades to colleges across the country, Forbes awarded Lycoming College a B+ with a financial GPA of 3.33, placing the institution in the top 10% of all colleges and universities in the United States and 75^th of ll national liberal arts institutions.

Forbes' College Financial Grades measures the balance sheet health and operating strength for 921 private, not-for-profit institutions with full-time enrollment exceeding 500 students. For the 2021 rankings, the publication used 2018-2019 data from the National Center for Education Statistics, which is the most recent data available from the government organization

Lycoming ranked high on multiple measures, including the ratio of expendable assets to annual expenses, the ratio of unrestricted endowment to long-term debt and "Tuition As A Percentage of Core Revenue." The College's underlying financial strength enables it to operate in a way that is less tuition-dependent — 25% of annual revenue comes from sources other than tuition, room, and board including the College's endowment and philanthropy.

"Following our 2014 Strategic Plan, the College has invested in and modernized our academic programs and the physical campus while still maintaining a strong endowment." said Kent Trachte, president of Lycoming College. "This recognition from Forbes affirms that our strategy has been well conceived and balanced."

Contributing to its B+ ranking, Lycoming's endowment ranks high among independent non-profit colleges. This financial strength translates into student scholarships and financial aid. It also supports funding for enhanced academic experiences, such as internships, research, and global study. In addition, endowment and philanthropy have been invested in premier facilities, such as the Lynn Science Center, renovated chemistry and biology labs, the Krapf Gateway Center, and a planned state-of-the-art music building; as well as new areas of study in fields such as neuroscience, biochemistry, entrepreneurship, and a soon-to-launch major in computer science.

The article and rankings can be read in full at: https://www.forbes.com/sites/schifrin/2021/02/22/college-financial-grades-2021-will-your-alma-mater-survive-covid/?sh=436efe114916.

About Lycoming College
Founded in 1812, Lycoming College is one of the nation's oldest and most respected liberal arts colleges. Today, our community of 1,200 active learners from 26 states and territories and 13 countries comprises a student body that is 37 percent domestic students of color or international, all of whom work with our renowned scholars to craft customized combinations of market-driven majors, minors and concentrations across our 40+ academic programs. Students compete in 17 NCAA Division III sports, participate in faculty-driven research, thrive in a robust program of internship experiences, and study abroad in more than two dozen countries. Lycoming College has one of the highest endowment-per-student ratios in the country and is ranked by Forbes as a Top ROI College, and by The Princeton Review as one of The 386 Best Colleges. Lycoming College is dedicated to providing a high-quality liberal arts and sciences education for all students. Learn more at http://www.lycoming.edu.

SOURCE Lycoming College