Best Value Colleges in Minnesota

PayScale's Michigan College ROI Report reveals which colleges are a good investment, and which ones won't help you get financially ahead.  Read More

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1University of Minnesota - Twin Cities(In-State)
20 Year Net ROI$485,500
Total 4 Year Cost$97,500
Grad Rate75%
Time to Graduate4 Years
Loan Amt$27,920
2University of Minnesota - Twin Cities(Out-of-State)
20 Year Net ROI$464,700
Total 4 Year Cost$118,300
Grad Rate75%
Time to Graduate4 Years
Loan Amt$27,920
3Saint John's University (SJU) - Collegeville, MN(Private)
20 Year Net ROI$401,900
Total 4 Year Cost$181,100
Grad Rate79%
Time to Graduate4 Years
Loan Amt$38,440
4University of Minnesota - Duluth Campus(In-State)
20 Year Net ROI$312,400
Total 4 Year Cost$90,600
Grad Rate59%
Time to Graduate5 Years
Loan Amt$29,120
5Augsburg College(Private)
20 Year Net ROI$303,100
Total 4 Year Cost$169,900
Grad Rate63%
Time to Graduate4 Years
Loan Amt$33,240
6University of Minnesota - Duluth Campus(Out-of-State)
20 Year Net ROI$301,500
Total 4 Year Cost$101,500
Grad Rate59%
Time to Graduate5 Years
Loan Amt$29,120
7Saint Cloud State University(In-State)
20 Year Net ROI$300,100
Total 4 Year Cost$72,900
Grad Rate48%
Time to Graduate5 Years
Loan Amt$29,680
8University of St. Thomas - St Paul, MN(Private)
20 Year Net ROI$294,200
Total 4 Year Cost$188,800
Grad Rate75%
Time to Graduate4 Years
Loan Amt$41,200
9Minnesota State University - Mankato Campus(In-State)
20 Year Net ROI$274,200
Total 4 Year Cost$68,800
Grad Rate49%
Time to Graduate5 Years
Loan Amt$30,240
10Saint Cloud State University(Out-of-State)
20 Year Net ROI$269,600
Total 4 Year Cost$103,400
Grad Rate48%
Time to Graduate5 Years
Loan Amt$29,680
11Winona State University(In-State)
20 Year Net ROI$251,500
Total 4 Year Cost$81,500
Grad Rate56%
Time to Graduate5 Years
Loan Amt$35,080
12Minnesota State University - Mankato Campus(Out-of-State)
20 Year Net ROI$245,400
Total 4 Year Cost$97,600
Grad Rate49%
Time to Graduate5 Years
Loan Amt$30,240
13Winona State University(Out-of-State)
20 Year Net ROI$230,200
Total 4 Year Cost$102,800
Grad Rate56%
Time to Graduate5 Years
Loan Amt$35,080
14Bethel University - Saint Paul, MN(Private)
20 Year Net ROI$195,000
Total 4 Year Cost$168,000
Grad Rate71%
Time to Graduate4 Years
Loan Amt$37,360
15 (tie)Bemidji State University (BSU)(In-State)
20 Year Net ROI$171,600
Total 4 Year Cost$73,400
Grad Rate48%
Time to Graduate5 Years
Loan Amt$31,040

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

Minnesota is known for many things -- snowy weather, the surprisingly cosmopolitian and hip city of Minneapolis, and a wide selection of educational opportunities for students interested in attending college in the Gopher State. Use this list to find the best value colleges in Minnesota before you send out your applications.

More than 50,000 students attend the best value college in Minnesota, the University of Minnesota Twin Cities.That is a lot of students making the same smart financial decision, because it's the best value colleges Michigan can claim. Golden Gophers who receive a bachelor's degree see a net 20-year ROI of $485,500 if they pay full price. More than half of UM students receive financial aid, and those students see their ROI shoot past the $500,000 mark. Twenty percent of U of M students come from low-income families and qualify for Pell Grant funding. The University of Michigan is a Big 10 Conference school and competes with the University of Wisconsin every year in the Border Battle, an elaborate scoring system based on football victories in which the winning school gets to keep Paul Bunyan's axe for the following year. Bob Dylan, Henry Fonda, and Garrison Keillor are all University of Minnesota alumni.

But when it comes to value of college education, Michigan has plenty of great choices. The second best college ROI Minnesota is home to is St. John's College, an all-male, Catholic school in Collegeville, Minnesota. St. John's has an annualized ROI of $401,900 based on sticker price. However, 100 percent of St. John's students receive financial aid, and the average grant amount per year is a whopping $21,600, so that pushes net ROI to $488,200.

The University of Minnesota's Duluth campus comes in as the number three highest college return on investment in Michigan. This smaller campus sees a net ROI of $312,400. Tiny liberal arts college Augsburg College is just behind, with a ROI of $303,100. This is another example of a school where financial aid makes a big impact though, since the average grant package for Augsburg students during their first year is $20,000. This is one big advantage of private colleges. While they are more expensive, they often have larger endowments and can be more generous with financial aid.