A new report from Third Way, a public policy think tank, evaluates colleges by ranking them on an economic mobility index, which looks at the return on investment for low-income students and the percentage of Pell Grant–eligible students that each institution enrolls.
The institutions that provide the greatest economic mobility for their students are Hispanic-serving Institutions in California, New York and Texas, according to the report. Historically Black colleges and universities also perform better using Third Way’s economic mobility index than on traditional rankings.