Money magazine has released its list of colleges and universities that provide the best value for how much tuition costs in the United States for 2015-2016.
It isn’t surprising that, Stanford University ranked number 1 overall on the list, followed by Babson College in Massachusetts, and the Massachusettes Institute of Technology, which is tied with Princeton University for 3rd, based on educational quality, affordability and graduate earnings.
According to magazine, it costs nearly $178,731 to go through Stanford University, while alumni salaries average $64,400 annually after 5 years in the working world.
Stanford Graduate School of Business was ranked 4th, on CEOWORLD magazine’s list of best business school rankings For CEO And Entrepreneurs, 2015.
When it comes to getting the most value for your tuition dollar, Money Magazine placed California Institute of Technology at No. 5 on a list of more than 700 of the top Colleges And Universities in the U.S.
Money magazine’s rankings were based on 21 factors, including: tuition price, graduation rate, and the average annual salary alumni who graduated in the past 5 years earn, among other factors.
MONEY focused on the three basic factors that surveys show are the most important to parents and students:
1. Quality of education
Here are the 20 best colleges and universities that are the best bang for your buck:
|Rank||Colleges And Universities||Net Price of a Degree||Avg. Early Career Earnings|
|3||Massachusetts Institute of Technology||$166,855||$72,500|
|5||California Institute of Technology||$186,122||$72,300|
|6||Harvey Mudd College||$196,551||$76,400|
|8||Maine Maritime Academy||$107,422||$67,600|
|9||University of California-Berkeley||$133,549||$58,300|
|9||Cooper Union for the Advancement of Science and Art||$113,376||$63,300|
|12||University of Pennsylvania||$194,148||$59,200|
|13||University of California-Irvine||$122,445||$49,600|
|15||Brigham Young University-Provo||$80,988||$51,600|
|17||University of Virginia-Main Campus||$97,028||$53,400|
|18||University of Michigan-Ann Arbor||$95,088||$56,500|
|19||Claremont McKenna College||$202,367||$55,500|
|20||Texas A&M University||$84,732||$54,000|