USC fell four spots in the U.S. News and World Report’s 2024 rankings, from 24 to 28. The drop could likely be attributed to a significant change in the formula which excludes five factors including class size and high school class standing, and instead focuses on whether students from diverse socioeconomic backgrounds succeed on campus and whether students graduate with “manageable debt.” USC is now tied with UC Davis, UC San Diego and the University of Florida.