Summary:
Michigan continues to excel in Money’s college rankings, standing out in affordability, quality, and student outcomes. With a net degree cost of $102,000 for in-state students pre-aid, a 93% graduation rate, and alumni salaries surpassing 90% of institutions, the university is a top choice for prospective students. Its vibrant campus life, Division I athletics, and location in Ann Arbor further enhance its appeal, making it a leading destination for higher education.
What This Means for You:
- Affordability: Michigan’s lower net cost compared to 650 other schools makes it an excellent option for budget-conscious students.
- Quality Education: With a graduation rate of 93%, students are highly likely to complete their degrees successfully.
- Strong Career Outcomes: Alumni earn salaries higher than 90% of graduates from other colleges, ensuring a strong return on investment.
- Future Outlook: Michigan’s consistent performance suggests it will remain a top-tier institution, solidifying its reputation and alumni network.
Original Post:
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A perennial top performer in Money’s rankings, Michigan shines in each of the three areas our team evaluates. Affordability? According to our calculations, the estimated net price of a degree for in-state students is about $102,000 before state and federal aid — less than roughly 650 other schools on our list. Quality? At 93%, the university has one of the highest graduation rates of all the schools we evaluated. Student outcomes? Grad salaries are well above average, with alumni salaries exceeding those of 90% of colleges on our list.
Michigan shines in other ways, too. Students are engaged in various academic and extracurricular projects. In 2023, for instance, a team of undergraduates from U-M won a U.S. Department of Energy competition for their proposal for a pipeline that would divert carbon dioxide away from industrial sources in major cities. The university’s Division I athletics are first-rate, and the Wolverines have notched more than 50 national championships across 12 different sports. During home football games in the fall, hordes of student fans pack into “The Big House” to cheer their team on.
Even U-M’s location is stellar. Ann Arbor is a quintessential college town, offering an impressive number of music venues, restaurants, museums and theaters. The result of all that excellence is a loud, proud community that, among other accolades, can claim an alumni association chapter on the moon. (The crew of Apollo 15, all U-M grads, established a club charter there in 1971.)
Notes: Prices for the 2025-2026 academic year use the most recently available data as reported to IPEDS plus an inflation measure to estimate the prices for the upcoming year. Students who get merit grants are full-time undergraduates who had no financial need and were awarded grants. Graduation rate measures degree completion within six years for both transfer students and first-time students. Early career earnings are the median earnings for both graduates and non-completers, 10 years after they first enrolled.
Sources: U.S. Department of Education, Peterson’s, Money/Witlytic calculations.
Extra Information:
University of Michigan Official Website – Explore admissions, programs, and campus life.
Money’s Best Colleges Rankings – Compare Michigan with other top institutions.
U.S. Department of Energy – Learn about competitions and initiatives like the one won by U-M students.
People Also Ask About:
- What makes Michigan affordable? Its net cost for in-state students is lower than most comparable institutions.
- How does Michigan’s graduation rate compare nationally? At 93%, it’s among the highest in the country.
- What are the career prospects for Michigan graduates? Alumni earn salaries higher than 90% of graduates from other colleges.
- What is Ann Arbor like for students? It’s a vibrant college town with cultural and recreational opportunities.
- Does Michigan have strong athletics? Yes, with over 50 national championships across 12 sports.
Expert Opinion:
Michigan’s consistent excellence in affordability, quality, and outcomes solidifies its position as a leader in higher education. Its ability to balance academic rigor with a dynamic campus culture ensures students receive a well-rounded experience, preparing them for long-term success in their careers and communities.
Key Terms:
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- Best colleges for ROI
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