Best Value Colleges in Michigan

Michigan is home to almost as many lakes as it does colleges.  Read More

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1Kettering University(Private)
20 Year Net ROI$752,900
Total 4 Year Cost$190,100
Grad Rate61%
Time to Graduate5 Years
Loan Amt$45,600
2Michigan Technological University(In-State)
20 Year Net ROI$661,700
Total 4 Year Cost$101,300
Grad Rate65%
Time to Graduate5 Years
Loan Amt$29,240
3Michigan Technological University(Out-of-State)
20 Year Net ROI$607,300
Total 4 Year Cost$155,700
Grad Rate65%
Time to Graduate5 Years
Loan Amt$29,240
4Lawrence Technological University(Private)
20 Year Net ROI$548,900
Total 4 Year Cost$164,100
Grad Rate49%
Time to Graduate5 Years
Loan Amt$31,080
5University of Michigan - Ann Arbor(In-State)
20 Year Net ROI$541,500
Total 4 Year Cost$101,500
Grad Rate90%
Time to Graduate4 Years
Loan Amt$28,240
6University of Michigan - Ann Arbor(Out-of-State)
20 Year Net ROI$438,900
Total 4 Year Cost$204,100
Grad Rate90%
Time to Graduate4 Years
Loan Amt$28,240
7Michigan State University (MSU)(In-State)
20 Year Net ROI$409,400
Total 4 Year Cost$93,600
Grad Rate77%
Time to Graduate4 Years
Loan Amt$27,800
8Oakland University - Rochester Hills, MI(In-State)
20 Year Net ROI$367,500
Total 4 Year Cost$85,500
Grad Rate43%
Time to Graduate5 Years
Loan Amt$23,200
9Michigan State University (MSU)(Out-of-State)
20 Year Net ROI$331,700
Total 4 Year Cost$171,300
Grad Rate77%
Time to Graduate4 Years
Loan Amt$27,800
10Oakland University - Rochester Hills, MI(Out-of-State)
20 Year Net ROI$315,000
Total 4 Year Cost$138,000
Grad Rate43%
Time to Graduate5 Years
Loan Amt$23,200
11Baker College - Flint, MI(Private)
20 Year Net ROI$304,200
Total 4 Year Cost$78,800
Grad Rate11%
Time to Graduate6 Years
Loan Amt$21,040
12Ferris State University(In-State)
20 Year Net ROI$295,800
Total 4 Year Cost$87,200
Grad Rate43%
Time to Graduate5 Years
Loan Amt$29,600
13Western Michigan University (WMU)(In-State)
20 Year Net ROI$294,600
Total 4 Year Cost$88,400
Grad Rate55%
Time to Graduate5 Years
Loan Amt$31,240
14Northwood University - Midland, MI(Private)
20 Year Net ROI$291,300
Total 4 Year Cost$131,800
Grad Rate54%
Time to Graduate6 Years
Loan Amt$26,040
15Calvin College(Private)
20 Year Net ROI$288,000
Total 4 Year Cost$155,000
Grad Rate73%
Time to Graduate4 Years
Loan Amt$31,120

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

If you are looking for a high college return on investment, Michigan is a great choice. PayScale's Michigan College ROI Report rankings are meant to help you figure out which college is the best investment for you in terms of time and dollars spent.

When it comes to value of college education, Michigan has some real standouts. Kettering University in Flint, Michigan is far and away the best value college in Michigan. This private college beats out public colleges with much lower tuitions, proving that some colleges are worth the high price of tuition. Kettering provides students with a 20-year ROI of over $750,000, working out as an annualized ROI of 8.5 percent. Kettering, founded in 1919 as The School of Automotive Trades, was also known as the General Motors Institute for many years. Even though the school doesn't only focus on the automotive industry, it focuses almost exclusively on science, technology, engineering, math and business subjects, so it is no wonder that Kettering alumni go on to earn such high salaries and see such great ROIs after they graduate. Many CEOs of car companies, especially General Motors, are Kettering alumni.

Another STEM powerhouse, Michigan Technological University, comes in with the second-highest ROI. This public research university has a 20-year net ROI of $661,700 for in-state students. Even out-of-state students see great returns though -- the out of state tuition for Michigan Tech has a 20-year ROI of $607,300, assuming no financial aid. Because it is a public school and costs much less to attend, especially for in-state tuition, Michigan Tech has a higher annualized ROI than Kettering -- 10.8 percent vs. 8.5 percent.

If you haven't noticed a pattern yet, the fact that the third-highest college ROI Michigan has on our list is Lawrence Technological University. Another private, tech-heavy school, Lawrence has a 20-year net ROI of $548,900. Almost every major offered is in the subjects of engineering, architecture and design, science or business management, explaining why Blue Devil alumni get such a good bang for their educational buck.

The University of Michigan, Ann Arbor is not only the biggest college in the state, with a student body of more than 43,000 students, but it is also one of the best value colleges in Michigan. The University of Michigan is the alma mater of President Gerald Ford, Google cofounder Larry Page, playwright Arthur Miller and actor James Earl Jones. Alumni who are Michigan residents see a 20-year ROI of $541,500.