Once a year, The Wall Street Journal publishes an extended report ranking US Colleges, and this that newspaper did this morning, ranking some 500 institutions. Missing from the list, however — this year, last year, and every other year in which WSJ has printed its report — is Hillsdale College.

The reason is simple. Hillsdale does not take federal money because that money comes with strings attached. Schools that do take that money are highly regulated by the federal government, and we value our independence. The Wall Street Journal and its partner in producing the report they publish annually, the Times Higher Education Supplement, do not bother to do much reporting. They get their data from the US Department of Education, which collects the pertinent information from the schools that receive federal funds, and they do not go to the trouble of securing comparable data from the handful of schools that do not take federal money. And thought this omission has been drawn to the attention of the editors of The Wall Street Journal, they have neither corrected their error nor included in their report an acknowledgement that their rankings are for this reason incomplete.