Strongest financial health – public universities

These 50 public universities rank highest by NACUBO Composite Financial Index (CFI), drawn from 1,141 institutions with reported data in the U.S. Department of Education data for 2024-25. Gavilan College (Gilroy, CA) leads at 10.0.

Institutions ranked by Financial Health Index (CFI).
#InstitutionFinancial Health Index (CFI)
1Gavilan CollegeCA10.0
2New Mexico Junior CollegeNM10.0
3Trinidad State CollegeCO10.0
4Columbia State Community CollegeTN9.9
5Saint Louis Community CollegeMO9.9
6California State Polytechnic University-HumboldtCA9.7
7Ferris State UniversityMI9.7
8Aiken Technical CollegeSC9.6
9Southwestern Illinois CollegeIL9.6
10Western Piedmont Community CollegeNC9.4
11Casper CollegeWY9.1
12Canada CollegeCA9.0
13College of San MateoCA9.0
14Jackson State Community CollegeTN9.0
15Parkland CollegeIL9.0
16Skyline CollegeCA9.0
17California State University-BakersfieldCA8.9
18Louisiana Delta Community CollegeLA8.9
19Waubonsee Community CollegeIL8.9
20Worcester State UniversityMA8.9
21Indiana University-IndianapolisIN8.8
22Chipola CollegeFL8.7
23Mitchell Community CollegeNC8.7
24South Puget Sound Community CollegeWA8.7
25Essex County CollegeNJ8.6
26Mississippi State UniversityMS8.6
27Sussex County Community CollegeNJ8.6
28Eastern Iowa Community College DistrictIA8.5
29Red Rocks Community CollegeCO8.5
30Community College of AuroraCO8.4
31Massasoit Community CollegeMA8.4
32Nashville State Community CollegeTN8.4
33Tallahassee State CollegeFL8.4
34Weber State UniversityUT8.4
35Carl Sandburg CollegeIL8.3
36Elgin Community CollegeIL8.3
37Georgia State UniversityGA8.3
38Robeson Community CollegeNC8.3
39University of Puerto Rico-AguadillaPR8.3
40North Central Missouri CollegeMO8.2
41Northland Pioneer CollegeAZ8.2
42Pasco-Hernando State CollegeFL8.2
43Virginia Military InstituteVA8.2
44California State University-NorthridgeCA8.1
45Ulster County Community CollegeNY8.1
46Virginia Peninsula Community CollegeVA8.1
47Citadel Military College of South CarolinaSC8.0
48Rend Lake CollegeIL8.0
49Caldwell Community College and Technical InstituteNC7.9
50H Councill Trenholm State Community CollegeAL7.9

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 U.S. Department of Education data for 2024-25; federal collections lag the current academic year, and some measures are no longer published at all, so the most recent figure is not always a recent one. Institutions that do not report this metric are excluded. Figures and peer context appear on each institution’s profile.

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Which of these public universities ranks highest by NACUBO Composite Financial Index (CFI)?

Gavilan College (Gilroy, CA), at 10.0. It leads 50 institutions shown here, drawn from 1,141 with reported data.

How is this ranking calculated?

On one disclosed metric only: by NACUBO Composite Financial Index (CFI), from College Scorecard & IPEDS, 2024-25. Institutions that do not report the metric are excluded. It is a data ranking, not an Ibex endorsement, quality rating or reputation survey, and no part of it is estimated or AI-generated.

How current is the data?

This list is built from the College Scorecard release of June 10, 2026 and the newest IPEDS collection on disk, using the most recent figure each of them publishes for the metric it ranks: College Scorecard & IPEDS, 2024-25. Federal collections lag the current academic year by two to three years, so the newest published figure is not always a recent one; the release the leaderboard is dated on is printed under it.

Source: U.S. Department of Education, College Scorecard & IPEDS (each measure carries its own collection year; see the methodology), 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.