Best Value Colleges in Michigan

If you are looking for a good value college, Michigan has some great choices.  Read More

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1Kettering University(Private)
20 Year Net ROI$785,000
Total 4 Year Cost$199,000
Grad Rate57%
Time to Graduate5 Years
Loan Amt$41,700
2Michigan Technological University(In-State)
20 Year Net ROI$670,000
Total 4 Year Cost$104,000
Grad Rate64%
Time to Graduate5 Years
Loan Amt$29,300
3University of Michigan - Ann Arbor(In-State)
20 Year Net ROI$667,000
Total 4 Year Cost$104,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$24,700
4Lawrence Technological University(Private)
20 Year Net ROI$614,000
Total 4 Year Cost$170,000
Grad Rate44%
Time to Graduate5 Years
Loan Amt$30,100
5Michigan Technological University(Out-of-State)
20 Year Net ROI$612,000
Total 4 Year Cost$162,000
Grad Rate64%
Time to Graduate5 Years
Loan Amt$29,300
6University of Michigan - Ann Arbor(Out-of-State)
20 Year Net ROI$560,000
Total 4 Year Cost$211,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$24,700
7Michigan State University (MSU)(In-State)
20 Year Net ROI$437,000
Total 4 Year Cost$97,200
Grad Rate79%
Time to Graduate4 Years
Loan Amt$28,200
8Ferris State University(In-State)
20 Year Net ROI$366,000
Total 4 Year Cost$87,700
Grad Rate43%
Time to Graduate5 Years
Loan Amt$29,000
9Michigan State University (MSU)(Out-of-State)
20 Year Net ROI$355,000
Total 4 Year Cost$179,000
Grad Rate79%
Time to Graduate4 Years
Loan Amt$28,200
10 (tie)Northwood University - Midland, MI(Private)
20 Year Net ROI$347,000
Total 4 Year Cost$137,000
Grad Rate56%
Time to Graduate4 Years
Loan Amt$29,600
10 (tie)Oakland University - Rochester Hills, MI(In-State)
20 Year Net ROI$347,000
Total 4 Year Cost$87,300
Grad Rate46%
Time to Graduate5 Years
Loan Amt$13,900
12Western Michigan University (WMU)(In-State)
20 Year Net ROI$344,000
Total 4 Year Cost$90,000
Grad Rate54%
Time to Graduate5 Years
Loan Amt$30,900
13Ferris State University(Out-of-State)
20 Year Net ROI$342,000
Total 4 Year Cost$112,000
Grad Rate43%
Time to Graduate5 Years
Loan Amt$29,000
14Baker College - Flint, MI(Private)
20 Year Net ROI$334,000
Total 4 Year Cost$79,700
Grad Rate9%
Time to Graduate5 Years
Loan Amt$20,500
15Wayne State University - Detroit, MI(In-State)
20 Year Net ROI$333,000
Total 4 Year Cost$91,400
Grad Rate34%
Time to Graduate5 Years
Loan Amt$22,900

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

PayScale's College ROI Report rankings for Michigan can guide you toward choosing a school that pays off.

If you're financially savvy, you're in luck - there are many Michigan colleges with high return on investment for their alumni, meaning that they set graduates up for long, successful careers. Kettering University in Flint takes the title for 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 $785,000, working out to 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, boasts with the second-highest ROI. This public research university, often called Michigan Tech for short, has a 20-year net ROI of $670,000 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 $614,000, assuming no financial aid. So if you get into Michigan Tech, it's a good deal even if you have to take out loans to cover the cost of attendance. (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 -- 10.7 percent vs. 8.5 percent.

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 earns a place as 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 $667,000.

Rounding out the very top of the list of best value schools in Michigan is Lawrence Technological University. Another private, tech-heavy school, Lawrence has a 20-year net ROI of $614,000. Lawrence offers almost exclusively STEM majors, including engineering, architecture and design, science and business management - no wonder why Blue Devils get such a good bang for their educational buck.