Davis & Elkins College’s financial health remains strong with a ranking in the top 15 percent of private, not-for-profit colleges in the nation, according to a recent report from Forbes magazine. Within West Virginia, D&E is the state’s highest ranked institution.

Forbes’ “College Financial Grades 2021” measured the financial strength of 921 colleges with more than 500 full-time students.

The report ranks colleges by grade, ranging from A+ to D. Davis & Elkins earned a B+ after scoring a financial GPA of 3.36. The College came in at No. 139 on the list and maintained its grade from 2019.

“Forbes annual report card is a measurement of financial stability,” said D&E President Chris A. Wood.  “This 2021 ranking is further affirmation of the wisdom of D&E’s conservative fiscal policies and strong base of donor support. In the highly competitive environment of private higher education, D&E continues to lead the way toward a promising future.”

To determine the rankings, Forbes used the most recent data available from the National Center for Education Statistics database and analyzed all private not-for-profit colleges in the United States with enrollments greater than 500. Each was graded on balance sheet strength and operational soundness, along with other indicators including admission yield, percentage of freshmen receiving institutional grants and instruction expenses per student, the report states.

Forbes has been grading college finances since 2013.