Understanding the rules and process that determine who gets financial aid can be intimidating. Here are some quick links to help:
Traditionally, the long-term faculty at a school are hired as Assistant Professors. After about six years, they then advance to the Associate Professor level after proving excellence in three areas: teaching, service to the institution, and significant contributions to their field of expertise. Assistant professors who are not promoted to the Associate level are usually required to leave the school. The rank of Professor is reserved for senior faculty who have demonstrated the highest standing in those three areas. The standards of excellence differ widely across institutions; nonetheless, the presence of a large proportion of faculty in the three professor ranks suggests you will be taught by faculty who are invested in their academic fields and in the school. Generally, instructors with any of the three professor titles will hold the highest possible (terminal) degree in their academic fields.
The instructor/lecturer positions are generally held by full-time faculty who are focused on teaching alone, often for lower-level classes. These positions usually require some advanced education or experience, but not the highest (terminal) degree in a given academic field. Those teaching with no academic rank may be hired to teach in mostly non-academic fields, giving skills- or vocation-based guidance.
A rigorous academic program requires that students and faculty alike are engaging in independent research, and that activity requires strong library support. You can get some useful information here:
The presence of a library in and of itself is a good thing. Increasingly, libraries are comfortable and inviting spaces for individual and group study sessions. Librarians can be incredibly friendly guides in your quest to find materials that aid your learning.
A high proportion of international and out-of-state students speaks to reputation and offers an opportunity for diverse interactions in and out of class.
Lake Erie College of Osteopathic Medicine is a private not-for-profit school. Along with publicly-controlled schools, not-for-profit schools do not have the goal of annual profit, but they do want to have healthy finances with adequate revenue to meet all expenses. On the other hand, private for-profit schools have creating a profit for shareholders as an annual goal.
Here we examine assets at Lake Erie College of Osteopathic Medicine in context, and it seems most fair to adjust for the size of the institution. We examine the assets per full-time-equivalent student so that we level the playing field for size.
There's a catch to these assets, though. Many gifts to a school's endowment have strings attached; the money is restricted to a specific purpose. Assets shown in green below are unrestricted, and are very important to a school's ability to meet its financial obligations. Some assets are the land and buildings that a school must have in order to function, and these may appear as green (unrestricted assets) but are nonetheless less helpful in meeting annual financial commitments. This look at assets is only a piece of the puzzle as we decide if a school is stable.