President Beckley announced to the full faculty and staff at the Annual Pre-Planning Conference on Friday, August 9, the results of the Forbes Magazine Annual Top Colleges 2013 Report. The magazine reviewed 925 of the nation’s private not-for-profit colleges with an enrollment of 500 students or more.
Rust College was rated number two in Mississippi receiving a grade of “B”. No Mississippi schools in the private, not-for-profit category received an “A”. Rust College was among two other Mississippi schools receiving a “B”. Four other Mississippi institutions received a grade of “C”, with one school scoring “C-”. Among the ten United Methodist Colleges receiving support from the Black College Fund, Rust received the highest rating based Forbes Magazine’s grading scale. Among the 38 colleges supported by the United Negro College Fund (UNCF), Rust College was rated #4. The magazine used data from the National Center of Educational Statistics and the U.S. Department of Education Integrated Postsecondary Education Data System (IPEDs) Data Center for fiscal years 2010 and 2011, with all schools graded on nine variables to determine financial stability and operational soundness.
President Beckley expressed thanks to the College’s fiscal office staff for their efforts in managing the College’s resources in order to gain such recognition which follows the long-standing Rust policy of operating a sound program with limited long-term debt, while growing our support structure and endowment funds. The Trustee Committee on Finance plays a major role in the College’s efforts, as well as supporters of Rust, the United Methodist Church, alumni and friends. This report will serve as another catalyst to enable the school to do more in adding further strength to financial operations.