Best Value Colleges in Massachusetts

Massachusetts is a tiny state, but it's home to a huge number of colleges and universities.  Read More

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1Massachusetts Institute of Technology (MIT)(Private)
20 Year Net ROI$972,000
Total 4 Year Cost$232,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$32,200
2Babson College(Private)
20 Year Net ROI$794,000
Total 4 Year Cost$238,000
Grad Rate90%
Time to Graduate4 Years
Loan Amt$30,000
3Massachusetts Maritime Academy(In-State)
20 Year Net ROI$787,000
Total 4 Year Cost$86,900
Grad Rate70%
Time to Graduate4 Years
Loan Amt$32,000
4Worcester Polytechnic Institute (WPI)(Private)
20 Year Net ROI$776,000
Total 4 Year Cost$228,000
Grad Rate85%
Time to Graduate4 Years
Loan Amt$43,000
5Harvard University(Private)
20 Year Net ROI$739,000
Total 4 Year Cost$235,000
Grad Rate98%
Time to Graduate4 Years
Loan Amt$20,300
6Massachusetts Maritime Academy(Out-of-State)
20 Year Net ROI$728,000
Total 4 Year Cost$146,000
Grad Rate70%
Time to Graduate4 Years
Loan Amt$32,000
7Bentley University(Private)
20 Year Net ROI$580,000
Total 4 Year Cost$224,000
Grad Rate88%
Time to Graduate4 Years
Loan Amt$29,900
8Boston College(Private)
20 Year Net ROI$569,000
Total 4 Year Cost$239,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$18,000
9University of Massachusetts (UMass) - Lowell Campus(In-State)
20 Year Net ROI$563,000
Total 4 Year Cost$101,000
Grad Rate54%
Time to Graduate5 Years
Loan Amt$28,500
10Wentworth Institute of Technology(Private)
20 Year Net ROI$533,000
Total 4 Year Cost$181,000
Grad Rate64%
Time to Graduate4 Years
Loan Amt$35,200
11Northeastern University(Private)
20 Year Net ROI$526,000
Total 4 Year Cost$228,000
Grad Rate82%
Time to Graduate5 Years
Loan Amt$25,400
12University of Massachusetts (UMass) - Lowell Campus(Out-of-State)
20 Year Net ROI$509,000
Total 4 Year Cost$155,000
Grad Rate54%
Time to Graduate5 Years
Loan Amt$28,500
13Eastern Nazarene College(Private)
20 Year Net ROI$477,000
Total 4 Year Cost$153,000
Grad Rate47%
Time to Graduate4 Years
Loan Amt$29,400
14College of the Holy Cross(Private)
20 Year Net ROI$475,000
Total 4 Year Cost$229,000
Grad Rate92%
Time to Graduate4 Years
Loan Amt$32,300
15University of Massachusetts (UMass) - Amherst Campus(In-State)
20 Year Net ROI$470,000
Total 4 Year Cost$104,000
Grad Rate75%
Time to Graduate4 Years
Loan Amt$29,200

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

PayScale can help you narrow down the very long list of possibilities that you have to choose from with our college ROI data. By treating tuition like any other investment, we use our salary database to calculate the best value colleges in Massachusetts so that you can determine if a particular school is a good investment.

Massachusetts is home to the Massachusetts Institute of Technology, which has the second-highest 20-year net ROI of any college in the country and the highest in the state. MIT, located in Cambridge, is world famous for its science, engineering, technology, math and design programs. Attending MIT isn't exactly cheap - the typical four-year tuition is more than $230,000, but the net 20-year ROI is a whopping $972,000, even if you don't receive any financial aid. This school is the optimal choice for students who are interested in engineering, management, science, digital arts and technology. If you attend MIT, you'll join an impressive list of alumni including Buzz Aldrin, Kofi Annan, Ben Bernanke, Benjamin Netanyahu and Tom Scholz. Surprisingly, movie star Will Smith is also an MIT alum.

Another educational institution that provides students with a high ROI is Babson College, located in Wellesley. This private educational institution costs students $238,000 to attend but alumni see a 20-year net ROI of almost $800,000. Financial aid reduces students' costs, so their net 20-year ROI was calculated to be $928,000.Babson may not be the most well-known of Massachusetts colleges, but if you are interested in an undergraduate business degree, Babson, which also topped Money Magazine's Best Colleges for Your Money ranking, is an excellent choice.

Many notable people graduated from Babson College, and two of them come from some of the most prominent families in the auto industry. Alum Akio Toyoda is currently President and CEO of the Toyota Motor Corporation, and alum Edsel Ford II is the Director of the Ford Motor Company. This list also includes world-renowned athletes, including Olympic Gold Medalist Alexandra Raisman and former NFL player Matt Chatham.

Massachusetts Maritime Academy is the best value for public schools in Massachusetts. In-state tuition for four years is less than $90,000 and alumni report a 20-year net ROI of $787,000. Its emphasis on engineering degrees means graduates are well-paid after graduation. Other public colleges in Massachusetts where alumni see high ROIs include UMass at Lowell and UMass at Amherst.

Worcester Polytechnic Institute is another excellent educational value for students interested in an engineering or technical career. It costs more than $220,000 to attend WPI, but with a net 20-year ROI of $720,100. As is customary, students who received financial aid have a higher net 20-year ROI at $776,000, that investment pays off. Worcester Polytechnic Institute has a distinguished list of graduates that includes Elwood Haynes, William Hobbs, Kotaro Shimomura, John Woodman Higgins and Robert H. Goddard.

Probably the most famous school in Massachusetts is Harvard University. This Ivy League academic powerhouse comes in twenty-second in national College ROI rankings and fifth in the state of Massachusetts. If you're surprised that Harvard alum don't earn as much in 20 years after graduation as these other, lesser-known colleges, consider the fact that while the top four schools all focus on STEM degrees, Harvard alum earn a wide variety of degrees beyond STEM, with a big focus on liberal arts subjects, humanities, social sciences, and more.