Pueblo Community College, which includes Southwest Colorado Community College, located between Mancos and Cortez, was recently ranked No. 3 in the nation after an analysis of two- and four-year schools by the Brookings Metropolitan Policy Program.

The report, released last week, details how alumni fare economically after graduation.

The report, "Beyond College Rankings: A Value-Added Approach to Assessing Two- and Four-Year Schools," by Brookings Fellow Jonathan Rothwell and senior research assistant Siddharth Kulkarni, fills a large information gap in higher education of relevance to state education officials, college administrators and workforce development leaders. It also offers a new tool to help prospective college students think about where to apply and where to attend.

Researchers analyzed data on economic outcomes for graduates of the colleges, adjusting them for the characteristics of their students at the time they are admitted, and other factors. The resulting measures capture the contributions that the colleges themselves make to their graduates' eventual economic success.

Pueblo Community College ranked No. 4 in the two-year college study, below Lee College of Baytown, Texas and NHTI-Concord's Community College of Concord, N.H., with value-added scores of 100. Pueblo Community College scored a 99.

At the top of the list on the four-year university study was California Institute of Technology in Pasadena, Calif., with a value added score of 100. Colgate University in Hamilton, N.Y., ranked No. 2, and MIT ranked No. 3.

Using a blend of government and private data (from LinkedIn and Payscale), the report's analysis showed:

A college's mix of majors and the skills it provides students are highly predictive of economic outcomes for its graduates. Colleges where many students pursue degrees in fields like engineering, health-care, computer science and business see higher earnings among their alumni.

Colleges can boost economic outcomes for students by encouraging higher completion rates and offering generous financial aid.

Four-year colleges like Caltech (California), Colgate (New York), MIT (Massachusetts),the Rose-Hulman Institute (Indiana), and Carleton College (Minnesota) add the most value to student earnings potential. At the two-year level, top performers include NHTI Concord (New Hampshire), Lee College (Texas), and Pearl River (Mississippi). Value added is defined as the difference between a college's predicted and actual student economic outcomes.

"These college-specific data can be used to learn about, evaluate and improve college performance," said Rothwell. "Colleges serve very diverse populations. The advantage of measuring value-added is that it adjusts a school's rankings based on the type of college and the characteristics of its student body."

Compared with popular college rankings, the value-added method focuses on how well colleges contribute to student economic success, rather than simply their ability to attract top students.

The new Brookings value-added database provides:

Value-added scores on at least one economic outcome for as many as 4,400 postsecondary institutions, compared with the 600 or fewer ranked by non-academic publications.

At least two measures of college quality for more than 7,000 colleges, allowing prospective students to readily compare four- and two-year colleges on the factors predictive of success.