Best Value Colleges in Massachusetts

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

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Rank
School Name
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
Annual ROI
20 Year ROI annualized to represent the % of expected ROI received each year after graduation.
20 Year Net ROI
 
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
20 Year Net ROI
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
20 Year Net ROI
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
20 Year Net ROI
Difference between 20 Year Median Pay for a bachelor’s grad and 24 Year Median Pay for a high school grad minus Total 4 Year Cost.
Total 4 Year Cost
Full cost, including tuition & fees, room & board, and books & supplies. Actual net cost may vary based on a student’s academic success and family income. Source: IPEDS
Total 4 Year Cost
Full cost, including tuition & fees, room & board, and books & supplies. Actual net cost may vary based on a student’s academic success and family income. Source: IPEDS
Graduation Rate
% of full-time, first-time degree seeking undergrad students who began their studies at the given school and graduate within 6 years. Source: IPEDS
Typical Years to Graduate
# of years it takes for at least 65 percent of graduates from a given school to receive their diplomas. Source: IPEDS
Average Loan Amount
Received by full-time, first-time degree seeking undergrad students, multiplied to represent amount over four years. Includes all Title IV loans and all institutionally- and privately-sponsored student loans. Source: IPEDS
% Grant Money Received
% of full-time, first-time undergrads who received local, state, federal, or institutional grant aid in the 2012-2013 academic year. Source: IPEDS
18.5%N/A14.6%N/A$1,015,000N/A$1,182,000N/A$249,000N/A93%4$30,20015%
1Massachusetts Institute of Technology(Private)
Annual ROI8.5%
Annual ROIN/A
Annual ROI14.6%
Annual ROIN/A
20 Year Net ROI$1,015,000
20 Year Net ROIN/A
20 Year Net ROI$1,182,000
20 Year Net ROIN/A
Total 4 Year Cost$249,000
Total 4 Year CostN/A
Grad Rate93%
Time to Graduate4
Loan Amt$30,200
Grant Money Received15%
27.3%7.3%12.2%12.2%$793,000$793,000$941,000$941,000$254,000$254,00091%4$32,10014%
2Babson College(Private)
Annual ROI7.3%
Annual ROI7.3%
Annual ROI12.2%
Annual ROI12.2%
20 Year Net ROI$793,000
20 Year Net ROI$793,000
20 Year Net ROI$941,000
20 Year Net ROI$941,000
Total 4 Year Cost$254,000
Total 4 Year Cost$254,000
Grad Rate91%
Time to Graduate4
Loan Amt$32,100
Grant Money Received14%
311.9%13.4%15.4%18.6%$783,000$804,000$825,000$846,000$92,200$71,20076%4$30,70018%
3Massachusetts Maritime Academy(In-State)
Annual ROI11.9%
Annual ROI13.4%
Annual ROI15.4%
Annual ROI18.6%
20 Year Net ROI$783,000
20 Year Net ROI$804,000
20 Year Net ROI$825,000
20 Year Net ROI$846,000
Total 4 Year Cost$92,200
Total 4 Year Cost$71,200
Grad Rate76%
Time to Graduate4
Loan Amt$30,700
Grant Money Received18%
47.5%7.5%9.7%9.7%$777,000$779,000$858,000$860,000$242,000$240,00086%4$44,40014%
4Worcester Polytechnic Institute(Private)
Annual ROI7.5%
Annual ROI7.5%
Annual ROI9.7%
Annual ROI9.7%
20 Year Net ROI$777,000
20 Year Net ROI$779,000
20 Year Net ROI$858,000
20 Year Net ROI$860,000
Total 4 Year Cost$242,000
Total 4 Year Cost$240,000
Grad Rate86%
Time to Graduate4
Loan Amt$44,400
Grant Money Received14%
57.2%N/A15.1%N/A$760,000N/A$952,000N/A$254,000N/A97%4$27,40016%
5Harvard University(Private)
Annual ROI7.2%
Annual ROIN/A
Annual ROI15.1%
Annual ROIN/A
20 Year Net ROI$760,000
20 Year Net ROIN/A
20 Year Net ROI$952,000
20 Year Net ROIN/A
Total 4 Year Cost$254,000
Total 4 Year CostN/A
Grad Rate97%
Time to Graduate4
Loan Amt$27,400
Grant Money Received16%
69.1%9.9%10.8%12.0%$721,000$742,000$763,000$784,000$155,000$134,00076%4$30,70018%
6Massachusetts Maritime Academy(Out-of-State)
Annual ROI9.1%
Annual ROI9.9%
Annual ROI10.8%
Annual ROI12.0%
20 Year Net ROI$721,000
20 Year Net ROI$742,000
20 Year Net ROI$763,000
20 Year Net ROI$784,000
Total 4 Year Cost$155,000
Total 4 Year Cost$134,000
Grad Rate76%
Time to Graduate4
Loan Amt$30,700
Grant Money Received18%
76.4%6.4%9.4%9.4%$598,000$598,000$699,000$699,000$240,000$240,00089%4$34,20012%
7Bentley University(Private)
Annual ROI6.4%
Annual ROI6.4%
Annual ROI9.4%
Annual ROI9.4%
20 Year Net ROI$598,000
20 Year Net ROI$598,000
20 Year Net ROI$699,000
20 Year Net ROI$699,000
Total 4 Year Cost$240,000
Total 4 Year Cost$240,000
Grad Rate89%
Time to Graduate4
Loan Amt$34,200
Grant Money Received12%
87.1%7.1%8.5%8.5%$583,000$583,000$626,000$626,000$196,000$196,00078%4$60,30033%
8MCPHS University(Private)
Annual ROI7.1%
Annual ROI7.1%
Annual ROI8.5%
Annual ROI8.5%
20 Year Net ROI$583,000
20 Year Net ROI$583,000
20 Year Net ROI$626,000
20 Year Net ROI$626,000
Total 4 Year Cost$196,000
Total 4 Year Cost$196,000
Grad Rate78%
Time to Graduate4
Loan Amt$60,300
Grant Money Received33%
99.6%11.1%11.9%14.3%$573,000$598,000$609,000$634,000$108,000$83,00056%5$28,90025%
9University of Massachusetts-Lowell(In-State)
Annual ROI9.6%
Annual ROI11.1%
Annual ROI11.9%
Annual ROI14.3%
20 Year Net ROI$573,000
20 Year Net ROI$598,000
20 Year Net ROI$609,000
20 Year Net ROI$634,000
Total 4 Year Cost$108,000
Total 4 Year Cost$83,000
Grad Rate56%
Time to Graduate5
Loan Amt$28,900
Grant Money Received25%
105.9%N/A13.2%N/A$559,000N/A$752,000N/A$261,000N/A94%4$19,80022%
10Williams College(Private)
Annual ROI5.9%
Annual ROIN/A
Annual ROI13.2%
Annual ROIN/A
20 Year Net ROI$559,000
20 Year Net ROIN/A
20 Year Net ROI$752,000
20 Year Net ROIN/A
Total 4 Year Cost$261,000
Total 4 Year CostN/A
Grad Rate94%
Time to Graduate4
Loan Amt$19,800
Grant Money Received22%
116.7%6.6%8.4%8.1%$535,000$529,000$588,000$582,000$200,000$207,00065%4$40,60025%
11Wentworth Institute of Technology(Private)
Annual ROI6.7%
Annual ROI6.6%
Annual ROI8.4%
Annual ROI8.1%
20 Year Net ROI$535,000
20 Year Net ROI$529,000
20 Year Net ROI$588,000
20 Year Net ROI$582,000
Total 4 Year Cost$200,000
Total 4 Year Cost$207,000
Grad Rate65%
Time to Graduate4
Loan Amt$40,600
Grant Money Received25%
125.7%6.0%10.6%11.5%$519,000$535,000$672,000$689,000$257,000$241,00093%4$16,10012%
12Boston College(Private)
Annual ROI5.7%
Annual ROI6.0%
Annual ROI10.6%
Annual ROI11.5%
20 Year Net ROI$519,000
20 Year Net ROI$535,000
20 Year Net ROI$672,000
20 Year Net ROI$689,000
Total 4 Year Cost$257,000
Total 4 Year Cost$241,000
Grad Rate93%
Time to Graduate4
Loan Amt$16,100
Grant Money Received12%
137.2%8.1%8.5%9.6%$512,000$537,000$547,000$572,000$169,000$144,00056%5$28,90025%
13University of Massachusetts-Lowell(Out-of-State)
Annual ROI7.2%
Annual ROI8.1%
Annual ROI8.5%
Annual ROI9.6%
20 Year Net ROI$512,000
20 Year Net ROI$537,000
20 Year Net ROI$547,000
20 Year Net ROI$572,000
Total 4 Year Cost$169,000
Total 4 Year Cost$144,000
Grad Rate56%
Time to Graduate5
Loan Amt$28,900
Grant Money Received25%
145.3%5.6%10.0%10.8%$465,000$480,000$616,000$631,000$258,000$244,00092%4$28,70010%
14Tufts University(Private)
Annual ROI5.3%
Annual ROI5.6%
Annual ROI10.0%
Annual ROI10.8%
20 Year Net ROI$465,000
20 Year Net ROI$480,000
20 Year Net ROI$616,000
20 Year Net ROI$631,000
Total 4 Year Cost$258,000
Total 4 Year Cost$244,000
Grad Rate92%
Time to Graduate4
Loan Amt$28,700
Grant Money Received10%
155.4%5.4%9.4%9.4%$454,000$454,000$585,000$585,000$247,000$247,00086%5$25,00014%
15Northeastern University(Private)
Annual ROI5.4%
Annual ROI5.4%
Annual ROI9.4%
Annual ROI9.4%
20 Year Net ROI$454,000
20 Year Net ROI$454,000
20 Year Net ROI$585,000
20 Year Net ROI$585,000
Total 4 Year Cost$247,000
Total 4 Year Cost$247,000
Grad Rate86%
Time to Graduate5
Loan Amt$25,000
Grant Money Received14%

* N/A indicates school does not have an on campus living option.

Massachusetts is home to the Massachusetts Institute of Technology, which, located in Cambridge, is world famous for its science, engineering, technology, math and design programs. Attending MIT isn’t exactly cheap, but the 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. 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 in 2014, 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.

Worcester Polytechnic Institute is another excellent educational value for students interested in an engineering or technical career. 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 produces alumni who earn a wide variety of degrees beyond STEM, with a big focus on liberal arts subjects, humanities, social sciences, and more.


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