2022 best colleges in Michigan best-colleges

Ann Arbor, Michigan is home to the state’s flagship university, the University of Michigan, which is known for offering some of the nation’s top-ranking academic programs, including anthropology, sociology, and entrepreneurship. Students from around the country migrate to the state to take advantage of top law schools and medical schools. Besides excellent sportsmanship and world-famous alumni, like Earvin “Magic” Johnson, the Michigan State Spartans mascot, Sparty the Spartan, often ranks among the best mascots in the country.

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Net cost: The median annual cost of all students that receive any aid. This does not refer to the “sticker price”, the price listed by the college.

Earnings: The median earnings of all bachelor-level students 10 years after enrollment. This includes both students that do and do not graduate, across all majors.

Payback: The amount of time in years it takes to pay off the median net cost by the median earnings. For this calculation, the median earning of high school graduates (in the school’s home state) are deducted from the median earnings.

Degree premium: The difference between the school’s median earnings and the median earnings for all schools in the same state. This is called “Vs. state average” in school profiles below.

Ranking: The payback rate is divided by the degree premium (set as a percentage), the lower the number the higher the rank. (i.e. payback=1, degree premium 20% higher than state school median: 1/120% = .883.

Net cost
Earnings
Payback
Degree premium
Rankings
Ranking methodology
#1 in Michigan

University of Michigan-Ann Arbor

Ann Arbor, Michigan

Admission rate: 27%

Grad rate: 93%

Net cost: $15,336

Payback: 1.2 Years

Earnings: $75,842

Vs. state average: + $31,796

Economic score: 0.70

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#2 in Michigan

Michigan Technological University

Houghton, Michigan

Admission rate: 71%

Grad rate: 71%

Net cost: $16,463

Payback: 1.5 Years

Earnings: $73,541

Vs. state average: + $29,495

Economic score: 0.92

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#3 in Michigan

Kettering University

Flint, Michigan

Admission rate: 75%

Grad rate: 71%

Net cost: $37,518

Payback: 2.7 Years

Earnings: $93,893

Vs. state average: + $49,847

Economic score: 1.27

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#4 in Michigan

University of Michigan-Dearborn

Dearborn, Michigan

Admission rate: 68%

Grad rate: 56%

Net cost: $11,473

Payback: 1.7 Years

Earnings: $56,525

Vs. state average: + $12,479

Economic score: 1.36

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#5 in Michigan

Oakland University

Rochester Hills, Michigan

Admission rate: 82%

Grad rate: 58%

Net cost: $11,802

Payback: 1.9 Years

Earnings: $52,912

Vs. state average: + $8,866

Economic score: 1.55

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#6 in Michigan

Michigan State University

East Lansing, Michigan

Admission rate: 77%

Grad rate: 81%

Net cost: $19,173

Payback: 2.2 Years

Earnings: $61,101

Vs. state average: + $17,055

Economic score: 1.57

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#7 in Michigan

Ferris State University

Big Rapids, Michigan

Admission rate: 83%

Grad rate: 58%

Net cost: $12,889

Payback: 2.0 Years

Earnings: $51,832

Vs. state average: + $7,786

Economic score: 1.68

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#8 in Michigan

Albion College

Albion, Michigan

Admission rate: 75%

Grad rate: 65%

Net cost: $16,653

Payback: 2.2 Years

Earnings: $54,792

Vs. state average: + $10,746

Economic score: 1.73

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#9 in Michigan

University of Detroit Mercy

Detroit, Michigan

Admission rate: 80%

Grad rate: 67%

Net cost: $18,356

Payback: 2.3 Years

Earnings: $55,881

Vs. state average: + $11,835

Economic score: 1.84

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#10 in Michigan

Cleary University

Howell, Michigan

Admission rate: 66%

Grad rate: 47%

Net cost: $16,029

Payback: 2.6 Years

Earnings: $53,696

Vs. state average: + $9,650

Economic score: 2.15

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#11 in Michigan

Northwood University

Midland, Michigan

Admission rate: 77%

Grad rate: 60%

Net cost: $21,618

Payback: 2.8 Years

Earnings: $55,963

Vs. state average: + $11,917

Economic score: 2.19

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#12 in Michigan

Kalamazoo College

Kalamazoo, Michigan

Admission rate: 75%

Grad rate: 79%

Net cost: $22,808

Payback: 2.9 Years

Earnings: $55,286

Vs. state average: + $11,240

Economic score: 2.29

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#13 in Michigan

Lawrence Technological University

Southfield, Michigan

Admission rate: 83%

Grad rate: 63%

Net cost: $32,721

Payback: 3.6 Years

Earnings: $67,434

Vs. state average: + $23,388

Economic score: 2.34

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#14 in Michigan

Central Michigan University

Mount Pleasant, Michigan

Admission rate: 69%

Grad rate: 61%

Net cost: $15,981

Payback: 2.8 Years

Earnings: $49,644

Vs. state average: + $5,598

Economic score: 2.44

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#15 in Michigan

Madonna University

Livonia, Michigan

Admission rate: 69%

Grad rate: 64%

Net cost: $17,574

Payback: 2.9 Years

Earnings: $50,362

Vs. state average: + $6,316

Economic score: 2.55

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#16 in Michigan

Grand Valley State University

Allendale, Michigan

Admission rate: 88%

Grad rate: 66%

Net cost: $17,646

Payback: 2.9 Years

Earnings: $50,273

Vs. state average: + $6,227

Economic score: 2.56

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#17 in Michigan

University of Michigan-Flint

Flint, Michigan

Admission rate: 78%

Grad rate: 52%

Net cost: $12,734

Payback: 2.8 Years

Earnings: $46,907

Vs. state average: + $2,861

Economic score: 2.60

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#18 in Michigan

Lake Superior State University

Sault Ste Marie, Michigan

Admission rate: 70%

Grad rate: 70%

Net cost: $12,398

Payback: 2.6 Years

Earnings: $43,988

Vs. state average: - $58

Economic score: 2.63

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#19 in Michigan

Wayne State University

Detroit, Michigan

Admission rate: 70%

Grad rate: 46%

Net cost: $13,965

Payback: 2.9 Years

Earnings: $46,679

Vs. state average: + $2,633

Economic score: 2.71

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#20 in Michigan

Hope College

Holland, Michigan

Admission rate: 78%

Grad rate: 78%

Net cost: $26,562

Payback: 3.5 Years

Earnings: $53,796

Vs. state average: + $9,750

Economic score: 2.90

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