Michigan Tech Ranks #2 in the State for Value of an Education
SmartAsset, a digital financial analysis company, has released its second annual study comparing the cost of a college education to graduates’ average starting salaries. As it did last year, Michigan Technological University ranked second in the state, topped only by the University of Michigan.
The study ranked 29 public and private colleges and universities across Michigan. The University of Michigan scored 83.2, while Michigan Tech scored 82.3. No other college or university in the state scored above 70.
Scores were determined based on a scale that assigns about 25 percent weight to starting salary, tuition and living costs, with lesser weight given to scholarships, grants and student retention from one year to the next.
Both top-ranking universities cost approximately $26,000 a year for in-state students to attend, including tuition and living expenses. Michigan Tech graduates’ average starting salary was $62,800, while the average starting salary of UM graduates was $58,000. Read the full story.