GW was ranked No. 307 on The Economist’s first-ever college rankings this week, which placed colleges based on their economic value.

The authors of the ranking determined that the economic value of a university is equal to how much graduates earn compared to how much they could have potentially made if they studied somewhere else.

The list reported that the median earnings of GW graduates is $64,500, while the expected value that students pay for is $62,346. Based on other factors that students pay for like location and college size, the value added for students who choose to attend GW is about $2,100.

The Economist used data from the U.S. Department of Education’s college scorecard, which was released in September and included data that compared individuals’ student-loan applications to their tax return forms 10 years after graduation.

The magazine also considered factors like the wealth of the states colleges are in, whether they have ranked undergraduate business schools and the percentage of families who receive federal Pell Grants.

Georgetown and Duke universities, two of GW’s peer institutions, landed in the top 20, while Washington and Lee University in Virginia snagged the top spot.