Best Value Colleges in Michigan

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

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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
17.9%N/A10.0%N/A$766,000N/A$836,000N/A$215,000N/A53%5$44,20025%
1Kettering University(Private)
Annual ROI7.9%
Annual ROIN/A
Annual ROI10.0%
Annual ROIN/A
20 Year Net ROI$766,000
20 Year Net ROIN/A
20 Year Net ROI$836,000
20 Year Net ROIN/A
Total 4 Year Cost$215,000
Total 4 Year CostN/A
Grad Rate53%
Time to Graduate5
Loan Amt$44,200
Grant Money Received25%
210.2%10.2%13.3%13.3%$649,000$649,000$696,000$696,000$109,000$109,00067%5$30,70026%
2Michigan Technological University(In-State)
Annual ROI10.2%
Annual ROI10.2%
Annual ROI13.3%
Annual ROI13.3%
20 Year Net ROI$649,000
20 Year Net ROI$649,000
20 Year Net ROI$696,000
20 Year Net ROI$696,000
Total 4 Year Cost$109,000
Total 4 Year Cost$109,000
Grad Rate67%
Time to Graduate5
Loan Amt$30,700
Grant Money Received26%
37.7%7.7%9.4%9.4%$586,000$586,000$633,000$633,000$172,000$172,00067%5$30,70026%
3Michigan Technological University(Out-of-State)
Annual ROI7.7%
Annual ROI7.7%
Annual ROI9.4%
Annual ROI9.4%
20 Year Net ROI$586,000
20 Year Net ROI$586,000
20 Year Net ROI$633,000
20 Year Net ROI$633,000
Total 4 Year Cost$172,000
Total 4 Year Cost$172,000
Grad Rate67%
Time to Graduate5
Loan Amt$30,700
Grant Money Received26%
49.5%9.5%14.8%14.8%$559,000$559,000$627,000$627,000$110,000$110,00091%4$27,80015%
4University of Michigan-Ann Arbor(In-State)
Annual ROI9.5%
Annual ROI9.5%
Annual ROI14.8%
Annual ROI14.8%
20 Year Net ROI$559,000
20 Year Net ROI$559,000
20 Year Net ROI$627,000
20 Year Net ROI$627,000
Total 4 Year Cost$110,000
Total 4 Year Cost$110,000
Grad Rate91%
Time to Graduate4
Loan Amt$27,800
Grant Money Received15%
57.2%7.2%9.5%9.5%$537,000$537,000$600,000$600,000$180,000$180,00054%5$29,50027%
5Lawrence Technological University(Private)
Annual ROI7.2%
Annual ROI7.2%
Annual ROI9.5%
Annual ROI9.5%
20 Year Net ROI$537,000
20 Year Net ROI$537,000
20 Year Net ROI$600,000
20 Year Net ROI$600,000
Total 4 Year Cost$180,000
Total 4 Year Cost$180,000
Grad Rate54%
Time to Graduate5
Loan Amt$29,500
Grant Money Received27%
65.6%5.6%7.5%7.5%$443,000$443,000$510,000$510,000$226,000$226,00091%4$27,80015%
6University of Michigan-Ann Arbor(Out-of-State)
Annual ROI5.6%
Annual ROI5.6%
Annual ROI7.5%
Annual ROI7.5%
20 Year Net ROI$443,000
20 Year Net ROI$443,000
20 Year Net ROI$510,000
20 Year Net ROI$510,000
Total 4 Year Cost$226,000
Total 4 Year Cost$226,000
Grad Rate91%
Time to Graduate4
Loan Amt$27,800
Grant Money Received15%
78.4%8.4%11.6%11.6%$417,000$417,000$463,000$463,000$103,000$103,00078%4$27,20023%
7Michigan State University(In-State)
Annual ROI8.4%
Annual ROI8.4%
Annual ROI11.6%
Annual ROI11.6%
20 Year Net ROI$417,000
20 Year Net ROI$417,000
20 Year Net ROI$463,000
20 Year Net ROI$463,000
Total 4 Year Cost$103,000
Total 4 Year Cost$103,000
Grad Rate78%
Time to Graduate4
Loan Amt$27,200
Grant Money Received23%
88.1%8.1%10.9%10.8%$344,000$344,000$381,000$380,000$91,700$92,30047%5$22,30033%
8Oakland University(In-State)
Annual ROI8.1%
Annual ROI8.1%
Annual ROI10.9%
Annual ROI10.8%
20 Year Net ROI$344,000
20 Year Net ROI$344,000
20 Year Net ROI$381,000
20 Year Net ROI$380,000
Total 4 Year Cost$91,700
Total 4 Year Cost$92,300
Grad Rate47%
Time to Graduate5
Loan Amt$22,300
Grant Money Received33%
98.1%8.2%10.7%10.9%$332,000$335,000$366,000$369,000$89,600$87,00043%5$30,60047%
9Ferris State University(In-State)
Annual ROI8.1%
Annual ROI8.2%
Annual ROI10.7%
Annual ROI10.9%
20 Year Net ROI$332,000
20 Year Net ROI$335,000
20 Year Net ROI$366,000
20 Year Net ROI$369,000
Total 4 Year Cost$89,600
Total 4 Year Cost$87,000
Grad Rate43%
Time to Graduate5
Loan Amt$30,600
Grant Money Received47%
105.1%5.1%6.5%6.5%$328,000$328,000$373,000$373,000$193,000$193,00078%4$27,20023%
10Michigan State University(Out-of-State)
Annual ROI5.1%
Annual ROI5.1%
Annual ROI6.5%
Annual ROI6.5%
20 Year Net ROI$328,000
20 Year Net ROI$328,000
20 Year Net ROI$373,000
20 Year Net ROI$373,000
Total 4 Year Cost$193,000
Total 4 Year Cost$193,000
Grad Rate78%
Time to Graduate4
Loan Amt$27,200
Grant Money Received23%
117.5%6.9%10.6%9.5%$320,000$308,000$362,000$350,000$97,900$110,00039%5$22,60047%
11Wayne State University(In-State)
Annual ROI7.5%
Annual ROI6.9%
Annual ROI10.6%
Annual ROI9.5%
20 Year Net ROI$320,000
20 Year Net ROI$308,000
20 Year Net ROI$362,000
20 Year Net ROI$350,000
Total 4 Year Cost$97,900
Total 4 Year Cost$110,000
Grad Rate39%
Time to Graduate5
Loan Amt$22,600
Grant Money Received47%
126.7%6.8%8.6%8.8%$307,000$309,000$341,000$344,000$115,000$112,00043%5$30,60047%
12Ferris State University(Out-of-State)
Annual ROI6.7%
Annual ROI6.8%
Annual ROI8.6%
Annual ROI8.8%
20 Year Net ROI$307,000
20 Year Net ROI$309,000
20 Year Net ROI$341,000
20 Year Net ROI$344,000
Total 4 Year Cost$115,000
Total 4 Year Cost$112,000
Grad Rate43%
Time to Graduate5
Loan Amt$30,600
Grant Money Received47%
137.5%7.5%9.5%9.5%$303,000$303,000$331,000$331,000$93,000$92,80053%5$31,90034%
13Western Michigan University(In-State)
Annual ROI7.5%
Annual ROI7.5%
Annual ROI9.5%
Annual ROI9.5%
20 Year Net ROI$303,000
20 Year Net ROI$303,000
20 Year Net ROI$331,000
20 Year Net ROI$331,000
Total 4 Year Cost$93,000
Total 4 Year Cost$92,800
Grad Rate53%
Time to Graduate5
Loan Amt$31,900
Grant Money Received34%
148.0%7.5%9.9%9.2%$299,000$292,000$323,000$316,000$82,000$89,20015%5$22,20065%
14Baker College(Private)
Annual ROI8.0%
Annual ROI7.5%
Annual ROI9.9%
Annual ROI9.2%
20 Year Net ROI$299,000
20 Year Net ROI$292,000
20 Year Net ROI$323,000
20 Year Net ROI$316,000
Total 4 Year Cost$82,000
Total 4 Year Cost$89,200
Grad Rate15%
Time to Graduate5
Loan Amt$22,200
Grant Money Received65%
155.7%5.7%7.3%7.3%$293,000$292,000$329,000$329,000$143,000$143,00047%5$22,30033%
15Oakland University(Out-of-State)
Annual ROI5.7%
Annual ROI5.7%
Annual ROI7.3%
Annual ROI7.3%
20 Year Net ROI$293,000
20 Year Net ROI$292,000
20 Year Net ROI$329,000
20 Year Net ROI$329,000
Total 4 Year Cost$143,000
Total 4 Year Cost$143,000
Grad Rate47%
Time to Graduate5
Loan Amt$22,300
Grant Money Received33%

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

Kettering University in Flint is a private college that was founded in 1919 as The School of Automotive Trades, but 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.

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.

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


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