Tech Fares Well in Money Magazine Best Colleges Ranking
Michigan Tech ranked 90th of 705 universities nationwide in Money Magazine's just-released ranking of best colleges and universities. The ranking reflected 50 percent of students receiving need-based financial aid; 24 percent receiving merit-based aid; early-career earnings averaging $63,100; and average ACT scores of 27.
The magazine set out to determine which of the roughly 2,000 four-year U.S. colleges and universities deliver the most value, defined as a great education at an affordable price and one that prepares students for rewarding careers.
Money screened out schools with graduation rates below the median, financial difficulties or fewer than 500 undergraduates.
The remaining 705 colleges were ranked on 24 factors in three categories: educational quality, affordability and alumni success. The magazine also measured comparative value by assessing how well students at each school did compared to what's expected for students with similar economic and academic backgrounds.
The data they used for the ranking came from the U.S. Department of Education, Peterson's, PayScale.com and MONEY/College Measures own calculations.
See the Money rankings here.