• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

2

I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle

3

Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates

1

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money

2

I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle

3

Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
SuccessCareers

Columbia University ranking scandal raises questions over sky-high value of an Ivy League education

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
September 12, 2022, 9:00 AM ET
A scandal over Columbia University’s high college ranking achieved using outdated data has shown a light on the precarious cost of a college degree and its actual value.
A scandal over Columbia University’s high college ranking achieved using outdated data has shown a light on the precarious cost of a college degree and its actual value.

Caught fluffing its numbers by one of its own professors, one of America’s elite eight Ivy League undergraduate schools admitted handing in homework cribbed to score higher on a placement test.

Columbia University, located in Upper Manhattan, had been ranked the second best in the prestigious 2021 U.S. News & World Report annual ranking, thanks to the use of “outdated and incorrect methodologies.” It has since been bumped down to 18th as a result of the scandal.

The charges are serious given the ongoing debate over the value of a typical college degree in the humanities, given tuition has been among the largest drivers of national inflation. Last month President Joe Biden ended a fractious debate over the hot-button political issue of student debt by ordering a portion of the over $1.6 trillion owed to the federal government to be canceled. 

The admission is furthermore extremely embarrassing as academic honesty is considered the cornerstone of higher education. Students found to have cheated on an exam or plagiarized sources without attribution are subject to immediate disciplinary action that often can involve expulsion.

“Anything less than complete accuracy in the data that we report—regardless of the size or the reason—is inconsistent with the standards of excellence to which Columbia holds itself,” the university said in a statement on Friday.

Unlike in other countries, the college one attends is often much more important to potential employers than what degree they received or the strength of their grade point average. Ivy Leagues are considered the benchmark when it comes to teaching the country’s best and brightest young minds how best to analyze problems and arrive at a solution or present a logically compelling argument.

Harvard University, which has long bragged about the number of applicants it receives every year, can charge its students an arm and a leg for their education given it could only accept a record low 3.2% of applicants for its 2026 undergraduate class in April. 

‘Bogus rankings’

This culture fosters a heavy emphasis on ranking, boiling down the varied experiences of a university to a narrow number of key performance indicators. Prospective college students and their parents scour the annual special edition of U.S. News & World Report every year before making a decision as to where to apply for admission.

According to Columbia’s own calculations, tuition for this academic year alone costs $65,000; add on room and board, and you’re talking $86,000 with typically three more years still to come before a student has earned his or her undergraduate degree. 

Even after adjusting for inflation, nonprofit think tank College Board estimated the cost of tuition at an average private university during the 2020–21 year has doubled relative to where it was 30 years prior. For public universities, it has nearly tripled.  

Should a university like Columbia be found not to apply the kind of intellectual rigor expected, it could suffer substantially when attracting the best students and professors, not to mention raising donations from wealthy and successful alumni.

The Columbia professor who flagged the issue

Michael Thaddeus, the Columbia mathematics professor that discovered the inconsistencies, poured scorn on the system of rankings. 

“Does it make sense to conclude from this folly that Columbia is the 18th best American university, worse than Cornell but better than Berkeley?” he told Gothamist. “Of course not—that would be ridiculous. The only thing that makes sense is paying no attention to these bogus rankings at all.”

The university said a thorough assessment of its processes was so time-consuming that it could no longer meet the deadline for data submission for this year’s U.S. News & World Report undergraduate rankings.

Instead, Columbia emphasized in its statement the intangible benefit its students receive from being exposed to the “incomparable” professional and cultural opportunities offered thanks to its prime location on the Upper West Side of New York City. 

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

Banks lay groundwork for mass workforce cuts as AI takes hold
AIBanks
Banks lay groundwork for mass workforce cuts as AI takes hold
By Meg Short and BloombergJune 7, 2026
17 hours ago
Portrait of upset unhappy diligent tired male student preparing for exam in university library
SuccessEducation
Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
18 hours ago
Allison Sheehan
SuccessJobs
This Gen Zer got reprimanded at Goldman for making cake videos as the ‘Investment Baker.’ She quit her job and is building a dessert empire
By Emma BurleighJune 7, 2026
21 hours ago
High-earning millennials and Gen Zers feel broke and conflicted: ‘I make a good salary, I shouldn’t be struggling this much’
SuccessPersonal Finance
High-earning millennials and Gen Zers feel broke and conflicted: ‘I make a good salary, I shouldn’t be struggling this much’
By Sydney LakeJune 7, 2026
22 hours ago
retirement
CommentaryRetirement
Retiring at 62 costs the average American $250,000. Here’s the math (and the neuroscience) that explain why
By Jon SabesJune 7, 2026
22 hours ago
Howie Headshot1 26
Healthmental health
How Howie Mandel turned a panic attack into a mental health movement and helped build a company now worth hundreds of millions
By Catherina GioinoJune 7, 2026
1 day ago

Most Popular

'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
Economy
'The golden years are not golden': Boomers are hoarding most of America's wealth and power because they're terrified of outliving their money
By Nick LichtenbergJune 7, 2026
21 hours ago
I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle
Commentary
I've sold property on California's Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle
By Lindsey HarnJune 6, 2026
2 days ago
Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
Success
Gen Zers are arriving to college unable to even read a sentence—professors warn it could lead to a generation of anxious and lonely graduates
By Preston ForeJune 7, 2026
18 hours ago
AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
AI
AI CEOs from OpenAI, Anthropic, and Microsoft set aside their rivalry to warn Congress AI is making it too easy to design and create bioweapons
By Marco Quiroz-GutierrezJune 5, 2026
3 days ago
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides 'naval overwatch'
Energy
The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides 'naval overwatch'
By Jason MaJune 6, 2026
1 day ago
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
Big Tech
Trump stunned as stocks fall on great jobs report. Barclays explains why ‘we are entering the warning zone'
By Eva RoytburgJune 7, 2026
16 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.