Who’s looking out for you?

On Monday the Department of Education released its annual list of the most and least expensive colleges in the country, with categories for private, public, nonprofit, and for-profit schools.

However, some academics and many House Republicans want this ‘list of shame’ tossed out because of the arguably faulty reasoning that goes into the “net price” calculations and the concern that some students and parents might place more emphasis on the list over their personal financial situations.

Most Expensive Colleges

WASHINGTON — The U.S. Department of Education on Monday released its rankings of the most and least expensive colleges in the country — an annual ritual that some lawmakers are eyeing for elimination in the coming reauthorization of the Higher Education Act.As has been the case in previous years, many well-known institutions appear on this year’s list, which ranks the top 5 percent of the most expensive colleges based on tuition and the average net price students pay after receiving financial aid.

Based only on tuition and fees alone, Landmark College was the most expensive nonprofit, four-year institution in the country during the 2012-13 academic year. It was followed closely by Columbia University, Sarah Lawrence College and Vassar College. The University of Pittsburgh, Pennsylvania State University and University of New Hampshire took the top spots on the four-year public side.

Colleges specializing in art or music were among the private four-year institutions with the highest net price (calculated based on information from the 2011-12 year). The Hult International Business School took the top spot, but it was followed by the School of the Art Institute of Chicago, Boston Conservatory, California Institute of the Arts and the New School.

Miami University, in Ohio, was the four-year public institutions with the highest net price.

A spokeswoman for the university, Claire Wagner, pointed to state disinvestment as a big reason why the institution topped the list.

“It’s a telling sign that the states that are not able to spend as much as others are the ones on this list,” she said. “I worry that somebody might stop at just that statistic, but we’re trying to get the word out about outcomes, which is what we find that parents and families want to know: what are my odds of being employed or getting into graduate school.”

College leaders and others in higher education have criticized the lists as reductive and unhelpful for students and families.