Pace University was among the colleges reviewed by the Department of Education, and received high marks in the area of socio-economic diversity and loan repayment. 36% of students qualified for government pell grants and came from household making less than $40,000 annually. 86% of student were also able to begin paying back their student loans within 3 years of graduation, with loan totals averaging around $25,000.
Alumni salary after graduation was also above the national average, with an median salary of nearly $58,000, ten years after enrollment at Pace. The national salary median is $34,343 for workers with a college degree and $25,000 for workers with only a high school degree, according to the report.
This new 'College Scorecard' was created as a response to the White House's failed plan to rank all universities across the nation. Financial data on students has been obtained from the IRS, while additional affordability information was supplied by several existing federal databases.
To view Pace's complete scorecard, click here.