Strongest financial health – master's universities

These 50 master's universities rank highest by NACUBO Composite Financial Index (CFI), drawn from 455 institutions with reported data in the most recent U.S. Department of Education release (2024-25). California State Polytechnic University-Humboldt (Arcata, CA) leads at 9.7.

#	Institution	Financial Health Index (CFI)
1	California State Polytechnic University-HumboldtCA · Public	9.7
2	Wayland Baptist UniversityTX · Private	9.7
3	Everglades UniversityFL · Private	9.5
4	Lindsey Wilson CollegeKY · Private	9.4
5	Geneva CollegePA · Private	9.1
6	California State University-BakersfieldCA · Public	8.9
7	Worcester State UniversityMA · Public	8.9
8	Mercy UniversityNY · Private	8.8
9	John Brown UniversityAR · Private	8.7
10	Freed-Hardeman UniversityTN · Private	8.6
11	Asbury UniversityKY · Private	8.4
12	Indiana Wesleyan University-MarionIN · Private	8.4
13	Savannah College of Art and DesignGA · Private	8.4
14	Weber State UniversityUT · Public	8.4
15	Bellevue UniversityNE · Private	8.3
16	Oklahoma Baptist UniversityOK · Private	8.3
17	Universidad Politecnica de Puerto RicoPR · Private	8.3
18	Siena Heights UniversityMI · Private	8.2
19	California State University-NorthridgeCA · Public	8.1
20	Bay Path UniversityMA · Private	8.0
21	Berry CollegeGA · Private	8.0
22	Citadel Military College of South CarolinaSC · Public	8.0
23	New England Institute of TechnologyRI · Private	8.0
24	Indiana University-South BendIN · Public	7.9
25	Indiana University-EastIN · Public	7.8
26	La Sierra UniversityCA · Private	7.7
27	Troy UniversityAL · Public	7.7
28	Universidad Ana G. Mendez-Carolina CampusPR · Private	7.7
29	Hamline UniversityMN · Private	7.6
30	South Carolina State UniversitySC · Public	7.6
31	Southern New Hampshire UniversityNH · Private	7.6
32	Emporia State UniversityKS · Public	7.5
33	Lenoir-Rhyne UniversityNC · Private	7.5
34	Northwestern CollegeIA · Private	7.5
35	Indiana University-SoutheastIN · Public	7.4
36	Friends UniversityKS · Private	7.3
37	Johnson & Wales University-ProvidenceRI · Private	7.3
38	Kettering UniversityMI · Private	7.3
39	Chaminade University of HonoluluHI · Private	7.2
40	Point Loma Nazarene UniversityCA · Private	7.2
41	Saint Joseph's University - PhiladelphiaPA · Private	7.2
42	Cedarville UniversityOH · Private	7.1
43	Dordt UniversityIA · Private	7.1
44	Elmhurst UniversityIL · Private	7.1
45	Ithaca CollegeNY · Private	7.1
46	Marist UniversityNY · Private	7.1
47	Muskingum UniversityOH · Private	7.1
48	University of Maryland Global CampusMD · Public	7.1
49	Evangel UniversityMO · Private	7.0
50	University of New Hampshire College of Professional Studies OnlineNH · Public	7.0

The Composite Financial Index (CFI) is the NACUBO/accreditor balance-sheet health score; bond-rating agencies track similar ratios. The CFI clamps and rewards reserves relative to budget size, so this list is limited to institutions with at least 1,000 undergraduates for comparability. A data ranking, not an Ibex endorsement or quality rating. Ranked solely on the metric named above using the most recent College Scorecard & IPEDS release, which lags the current academic year by 2–3 years. Institutions that do not report this metric are excluded. Figures and peer context appear on each institution’s profile.

Benchmark any school against its true peers

Open the dashboard to filter by sector, Carnegie class, size, and state, or compare schools head-to-head.

Browse & filter

Source: U.S. Department of Education, College Scorecard & IPEDS (most recent release, 2024-25), with NSF NCSES (HERD), the Clery Act & EADA collections, Census ACS, BLS Employment Projections, WICHE & the FSA Direct Loan Dashboard. Compiled by Ibex Insights. For informational benchmarking only, not financial, investment, or accreditation advice. See the methodology.