MSU ranks 30th in '711 best colleges for your money,' U-M holds third
In a 2017 list of the "711 best colleges for your money," MSU ranked 30th while in-state University of Michigan held the third spot out of 2,400 total schools analyzed in the ranking from Money magazine.
Out of schools across the nation, MSU and U-M represent the best schools for your money for the state of Michigan.
The ranking looks at each college's estimated price for 2017-18 without financial aid, estimated price for 2017-18 with an average grant, the percent of students who get need-based grants, the percent of students who get merit grants and early career earnings among other measures.
According to the rankings, MSU's estimated 2017-18 price without aid is $27,500 and with an average grant is $15,800.
Among students, 35 percent receive need-based grants from MSU and 13 percent receive merit grants. Early career beginnings average at $50,400.
According to an article from MSU Today, MSU ranked 122nd in 2014, ranked 109th in 2015 and ranked 54th in 2016.
In contrast, U-M's estimated estimated 2017-18 price without aid is $29,500 and with an average grant is $17,000.
Among students, 32 percent receive need-based grants from U-M and 24 percent receive merit grants. Early career beginnings average at $61,200.
The rankings were determined by quality of education, affordability and outcomes following graduation.
The rankings follow MSU's announcement of a 3.3 percent average tuition increase for the 2017-18 academic year last month.
Also at June's Board of Trustees meeting, administration unveiled a proposed tuition freeze for MSU freshmen for the 2018-19 year. The proposed freeze is part of MSU's new "Go Green, Go 15" initiative, which encourages students to take 15 credits per semester to reduce college costs.
U-M announced its new "Go Blue Guarantee" last month, which guarantees free tuition for in-state Ann Arbor campus students who have family incomes of $65,000 and below, according to the Go Blue Guarantee website. U-M plans to begin this initiative for new and current students January 2018.
The other Michigan schools included in the ranking of best 711 were:
- Michigan Technological University — ranked at 91
- Kalamazoo College — ranked at 273
- Madonna University — ranked at 288
- Hope College — ranked at 344
- Calvin College — ranked at 352
- University of Detroit Mercy — ranked at 384
- Grand Valley State University — ranked at 438
- Northwood University–Michigan — ranked at 458
- University of Michigan–Dearborn — ranked at 473
- Albion College — ranked at 491
- Western Michigan University — ranked at 510
- Central Michigan University — ranked at 615
- Alma College — ranked at 642
- Cornerstone University — ranked at 666
- Olivet College — ranked at 708