BRUNSWICK

Bowdoin College was recently ranked by Money magazine among the top 50 best value colleges for your money.

The Brunswick college ranked 43rd out of more than 700 of the nation’s best performing colleges, according to the magazine. The research was gathered from dozens of experts on education quality, financing and value.

In order to be accepted into the survey, schools had to enroll more than 500 students, have a graduation rate at or above the national average for either a private or public institution and have enough data to be analyzed by their experts.

Also, the institution could not be identified by the U.S. Department of Education or bond rating agencies as having financial difficulty.

According to Money, the average tuition cost of a Bowdoin education for 2016-17 is $64,100. Currently, 48 percent of the students receive financial aid, bringing their estimated education cost to $25,800. Students who demonstrate low-income needs pay only $6,319.

According to Doug Cook, director of news and media relations at Bowdoin College, the average grant to students receiving financial assistance is $40,000 per year.

Bowdoin goal

As stated on Bowdoin’s website, the goal of the college is to meet 100 percent of a student’s demonstrated financial need — but not with loans that will follow their students beyond their education.

Bowdoin has an estimated graduation rate of 93 percent in an average of just over four years. The average student debt is $19,500, with an expected average salary within five years of $48,900.

Also making the Money list are Bates College in Lewiston at number 61 and Maine Maritime Academy in Castine at 62.

dmcintire@timesrecord.com

College cost

• ACCORDING TO Money, the average tuition cost of a Bowdoin education for 2016-17 is $64,100. Currently, 48 percent of the students receive financial aid, bringing their estimated education cost to $25,800. Students who demonstrate low-income needs pay only $6,319.