HOUGHTON, MI-- A digital financial analysis company says Michigan Technological University ranks second in the state for the value of its education.
SmartAsset released its second annual study comparing the cost of an education with graduates’ average starting salaries. Tech scored the No. 2 spot, topped only by the University of Michigan.
Both universities cost about $26,000 a year for in-state students to attend. Tech graduates’ average starting salary was $62,800, while UM graduates earned an average of $58,000.
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.
SmartAsset ranked 29 public and private colleges and universities across Michigan.
