Using correlational analyses and multiple regressions, this study uses "U.S. News & World Report's" ("USNWR") 2016 college rankings data and data from the National Center for Education Statistics' (NCES) Integrated Postsecondary Education Data System (IPEDS) to examine variables that explain institutional peer assessment score and rank. This study focused on the 97 institutions included in the "USNWR's" 2016 Best Regional Universities (South). Analyses in this study addressed four major foci: 1) correlations between "USNWR" subfactor data values and selected IPEDS proxies, 2) IPEDS variables that explained variance in peer assessment score, 3) IPEDS variables that explained variance in rank, and 4) the extent to which rank could be predicted based on these results. The results of this study indicated three main findings. First, "USNWR" subfactors with direct or indirect IPEDS proxies were highly correlated with the identified proxies. Second, more than 85% of variation in peer assessment score can be explained by five or fewer proxy variables, which differ dependent upon institution sector (private or public). Third, more than 85% of variation in institutional ranking can be explained by five proxy variables and without the inclusion of the peer assessment score subfactor. Collectively, findings suggest "USNWR" rankings are no more than a reflection of institutional outcomes and financial resources. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]