July 08, 2022
by Philip Walzer
Old Dominion University has been awarded the No. 1 ranking in Virginia in a new economic mobility index created by public policy think tank Third Way.
“In order to assess the degree of economic mobility provided by institutions of higher education,” said Third Way, “we examined which schools enroll the highest proportion of students from low and middle backgrounds and found them in their own right. Provide a strong return on educational investment.”
The think tank developed a metric which, it said, “looks at the time it takes students to cover their educational costs based on the increase in income they receive from attending an institution.”
Don Stansberry, ODU’s Vice President for Student Engagement and Enrollment Services, said, “Our top Virginia ranking in the new Economic Mobility Index is the latest confirmation of Old Dominion’s steadfast commitment to ensuring that every student has the resources to succeed. That success will have a transformative impact on society, opening up new opportunities for future generations.”
Austin Egho, the university’s Provost and Vice President of Academic Affairs, said, “Old Dominion’s longstanding interest in social mobility reflects our dedication to maintaining affordability and accessibility. We aim to provide a pathway to graduate degrees for all promising students.” Let’s continue. Last fall, 46 percent of our admissions freshmen were the first in their families to attend college.”
In addition, most ODU students receive financial aid, and 38 percent are awarded Pell grants—more than any other public doctoral institution in Virginia.
Old Dominion was also ranked No. 1 in Virginia on CollegeNet’s Social Mobility Index and classified as a “Top Performer” on social mobility by U.S. News & World Report.
In 2018, the university opened the Center for Social Mobility, which hosts annual symposia and serves as a resource for other higher education institutions.
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