2027 Best Value Engineering Physics Schools in the Great Lakes Region
[Engineering Physics](/majors/engineering/engineering-physics/) is a field worth comparing on the balance of cost and outcomes. A high-value program keeps cost low while graduates go on to earn well.
To produce this 2027 ranking, College Factual evaluated 4 schools on the balance of cost and outcomes for engineering physics students.
What’s on this page:
2027 Best Value Engineering Physics Schools in the Great Lakes Region
If you want to know which schools deliver the best value for the engineering physics degrees they offer, see the list below.
Best Value Engineering Physics Schools
For return on investment in engineering physics, no school beat University Of Michigan Ann Arbor this year. Located in the city of Ann Arbor, University Of Michigan Ann Arbor is a very large public university. The average in-state cost of tuition and fees is $18,848, compared with $63,081 for out-of-state students. Students borrow a median of $19,137 to complete the engineering physics program here. Early-career engineering physics graduates make about $66,254. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 16%.
Students looking for strong value in engineering physics will find it at University Of Illinois At Urbana Champaign, which ranked #2. Set in the city of Champaign, University Of Illinois At Urbana Champaign is a very large public institution. The average in-state cost of tuition and fees is $18,267, compared with $40,096 for out-of-state students. Students borrow a median of $20,136 to complete the engineering physics program here. Engineering Physics graduates of University Of Illinois At Urbana Champaign earn a median of $64,304 early in their careers. That is a strong return on a $20,136 median debt. The acceptance rate is 42%.
University Of Chicago came in at #3 on our 2027 list of the best value engineering physics schools. Located in the city of Chicago, University Of Chicago is a very large private not-for-profit university. The average in-state cost of tuition and fees is $69,324. Typical student debt for engineering physics graduates is $15,854. Soon after graduation, engineering physics degree recipients from University Of Chicago generally make around $81,002. Weighed against typical debt, the earnings make a compelling case for value. Roughly 4% of applicants are accepted.
Ohio State University Main Campus came in at #4 on our 2027 list of the best value engineering physics schools. Located in the city of Columbus, Ohio State University Main Campus is a very large public university. In-state tuition and fees average $13,244, compared with $40,022 for out-of-state students. Engineering Physics graduates carry a median of $22,053 in student loans. Engineering Physics graduates of Ohio State University Main Campus earn a median of $58,088 early in their careers. Set against $22,053 in median debt, that is a healthy payoff. The acceptance rate is 61%.
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Notes and References
The ranking above is published by College Factual (MF_RANKING_2025), 2027 edition. Schools are scored on the balance of cost (tuition and student debt) against student outcomes (post-graduation earnings) — a measure of return on investment, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 4 schools evaluated.
*Averages shown above reflect the top 4 ranked schools only.
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE), serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
More about our data sources and methodologies.
