Michigan Tech Garners Best Bang for the Buck Rating

Michigan Tech has been named a school that delivers the Best Bang for the Buck in ratings released by Washington Monthly magazine. Michigan Tech ranks 29th among national universities in the category, according to the publication.

Washington Monthly created the Best Bang for the Buck category, to address the now-prevalent question of whether or not a college education is worth it. According to their website, they ask, “What colleges will charge people like me the least and give me the highest chance of graduating with a degree that means something in the marketplace?”

“This rating, combined with our Business Insider ranking with underrated universities, shows how Michigan Tech is getting good reviews in the right kinds of profiles,” said John Lehman, associate vice president for enrollment, marketing, and communications. In the Business Insider ranking, Michigan Tech was also praised for the high salaries their graduates earn.

To be included among Washington Monthly’s Best Bang for the Buck rankings, schools are rated in four categories: percentage of students receiving Pell Grants, graduation rate, default rate and net price.

Of the 1,572 schools in their overall rankings, only 349 made the list in the Best Bang for the Buck category.

Other Michigan schools rated in the Best Bang category include Michigan State University (23rd) and Western Michigan University (46th). Michigan Tech is rated just behind Iowa State University and just above Rutgers University.

Michigan Tech was also ranked number 64 in the overall national university rankings, in which the Washington Monthly rates schools “based on their contribution to the public good in three broad categories: Social Mobility (recruiting and graduating low-income students), Research (producing cutting-edge scholarship and PhDs), and Service (encouraging students to give something back to their country).”

Published in Tech Today