Knox is one of the top 10 colleges in the country for "operating efficiency," according to a new study by U.S. News & World Report. The rankings, released last fall, placed Knox seventh among the 25 best liberal arts colleges in the nation noted for "spending wisely to create a top-quality education."

"Every decision we make at Knox, from the content of our educational programs to the ways in which we allocate our resources, is driven by our commitment to our students," said President Teresa Amott. "We focus our spending on teaching and learning—the programs and services that truly matter to our mission."

U.S. News said the colleges in the operating efficiency ranking had "controlled spending while still keeping students enrolled through graduation, maintaining a high academic reputation for excellence, and fostering an engaged alumni network."