2023 best colleges in Arkansas

Students will find a memorial of each graduated student since the late 1800s at the University of Arkansas’s Senior Walk, but that’s not the school’s only asset. U of A ranks among the top schools in regard to the number of graduates working at Fortune 500 companies. For sports fans, Arkansas State University is home to the Red Wolves, which compete in the Division I Sun Belt Conference. While options for liberal arts schools are limited, Lyon College offers solid academic programs and a pet-friendly campus, including pet-inclusive facilities and on-campus pet training programs.

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Net cost: The median annual cost of all students that receive any aid. This does not refer to the “sticker price”, the price listed by the college.

Earnings: The median earnings of all bachelor-level students 10 years after enrollment. This includes both students that do and do not graduate, across all majors.

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Rankings: The ranking order is based on the economic score.The economic score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better.

Net cost
Payback
Earnings
EarningsPlus
Rankings
Ranking methodology
#1 in Arkansas | #104 in Liberal Arts

Hendrix College

Conway, Arkansas

Economic score: 3.90

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $19,746

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.7 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $45,626

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $2,232

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 68%
Graduation rate: 71%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#2 in Arkansas | #128 in Liberal Arts

Ouachita Baptist University

Arkadelphia, Arkansas

Economic score: 4.56

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $20,639

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $44,927

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $5,347

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 74%
Graduation rate: 62%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#3 in Arkansas | #138 in Liberal Arts

Lyon College

Batesville, Arkansas

Economic score: 5.42

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $20,706

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4.4 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $43,343

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $6,060

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 27%
Graduation rate: 54%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.