Head of the class
2 Dallas universities earn top-10 honors in new list of Texas' best colleges for 2024
College students looking for an exemplary education in Texas can still apply to Dallas' consistently top-ranking universities before their early decision deadline November 1.
Perfect timing, asSouthern Methodist University has earned the No. 6 spot in WalletHub's 2024 ranking of the best colleges and universities in Texas.
The personal finance experts analyzed more than 800 colleges and universities in the United States using 30 metrics to determine their rankings.
Factors that helped determine SMU's placement include its admittance rate (52 percent), graduation rate (75 percent as of 2015), an 11:1 student-to-faculty ratio, its gender and racial diversity, net cost, and more.
SMU's placement on the WalletHub list follows a recent No. 4 ranking on U.S. News' list of best colleges in Texas and No. 5 on Niche's list of Texas' best.
According to U.S. News and World Report, SMU's tuition and fees cost $64,460.
Gerardo L. Blanco, an associate professor at Boston College, provided some advice for prospective students aiming to graduate college with minimal debt and significant job prospects in their chosen degree field. He advised that students learn the difference between a university's "sticker price" versus the net price after financial aid. It could be particularly useful for students planning for a post-secondary education at private institutions like SMU.
"There are public universities, both flagship and regional, that offer great value for money," Blanco said. "Many private non-profit institutions are committed to promoting access and, even with higher sticker prices, offer generous financial aid."
Right behind SMU in the WalletHub survey is The University of Dallas, earning No. 7 in Texas. The private Catholic university has a 12:1 student-to-faculty ratio, a 59 percent acceptance rate, and a 67 percent graduation rate for four-year students, according to U.S. News. Tuition costs add up to $50,880.
In WalletHub's regional ranking of best universities in the South, SMU earned No. 35, and University of Dallas ranked No. 38.
Out of the top 500 universities in the nation, SMU ranked No. 170 and University of Dallas ranked No. 184. Yale University took the No. 1 spot in the country, followed by Massachusetts Institute of Technology (No. 2), Princeton University in New Jersey (No. 3), and California Institute of Technology (No. 4). Harvard University in Massachusetts rounded out the top five.
Elsewhere in Dallas-Fort Worth, Texas Christian University ranked No. 10 in the state and No. 222 nationwide.
The top 10 colleges and universities in Texas are:
- No. 1 – Rice University, Houston
- No. 2 – The University of Texas at Austin
- No. 3 – Trinity University, San Antonio
- No. 4 – Texas A&M University-College Station
- No. 5 – Southwestern University
- No. 6 – Southern Methodist University
- No. 7 – University of Dallas
- No. 8 – Austin College
- No. 9 – LeTourneau University
- No. 10 – Texas Christian University