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Reply to "2024 Forbes College Financial Grades - Major Movement"
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[quote=Anonymous][quote=Anonymous]Return on Assets brought a lot of schools down. 6. Return On Assets (10%): This metric divides a college’s change in net assets during the year by its assets at the beginning of the year. Because the stock market performance was dismal in 2022 when the S&P 500 was down 18%, results were substantially worse across the board for most schools. In fact, full credit was awarded to only 33 colleges (compared with last year’s 266) that scored at least a 22.5% return, the measure we have used since the inception of our ranking in 2013. [b]Catawba College in Salisbury, North Carolina saw its net assets grow by 97% in fiscal 2022 thanks largely to two large gifts—one worth $200 million and another for $42 million—from anonymous donors. [/b]The average return for the schools on our list in fiscal 2022 was -1.06%. [/quote] I was wondering how such a small, relatively unknown school in NC scored this high and seems so financially stable![/quote]
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