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2021 Best Colleges for the Money (With Aid) in Michigan

41 Colleges
$22,035 Avg Cost (With Aid)*
4.4 Years Avg Time to Graduate*

There are lots of options to chooose from today when trying to decide which college to attend. One of our goals at College Factual is to give you as much information as we can - such as our Best Michigan Schools For The Money For Those Getting Aid ranking - to help you make that decision.

After analyzing 41 schools, we came up with our list of those that were the best for overall value for the money with aid in Michigan. It's important to note that this isn't just a listing of colleges and universities with the lowest sticker price. Instead, this ranking identifies schools that offer a high quality educational experience at a lower-than-expected price. So it is possible that College A may rank better than College B, while College B is less expensive to attend.

Get more details on our ranking methodology.

Our average cost calculation adds up all expenses, such as tuition, fees, room and board, books and supplies, and other expenses, and then subtracts the average financial aid awarded to a student. This gives a rough estimation of how much money you can expect to pay out-of-pocket or through loans each year.

Custom Rankings

We've developed a number of other tools and rankings to help you make your college decision. Start by filtering this list by location or field of study and then explore our other rankings that feature schools great for different groups of students such as veterans or returnings adults.

We've created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out by comparing your favorite schools against others you are considering!

Top Colleges for the Money (With Aid) in Michigan

Learn more about these excellent schools below:

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan

Our 2021 rankings named University of Michigan - Ann Arbor the best school for overall value for the money with aid in Michigan for students working on their bachelor’s degree. U of Michigan is located in Ann Arbor, Michigan and has a large student population. In 2018-2019, this school awarded 7,815 bachelor’s degrees to qualified undergradutates.

It takes the average student at U of Michigan about 4.2 years to graduate, and on average, the annual cost to attend the school is $12,310 for students who receive aid. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from U of Michigan is $51,210. Graduating sooner can prevent you from having to pay more money out of pocket.

The low student loan default rate of 1.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. In addition to its best value ranking, and one of the reasons why the school is on the list, U of Michigan is ranked #1 for overall quality in Michigan.

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#2

University of Detroit Mercy

Detroit, Michigan

The excellent bachelor’s degree programs at University of Detroit Mercy helped the school earn the #2 place on this year’s ranking of the best schools for the money in Michigan. Located in Detroit, Michigan, the medium-sized private not-for-profit school handed out 752 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at UDM is 4.2 years, and the average full-time cost to attend the school for students who receive aid is around $15,117. This makes the estimated cost of a bachelor’s degree from UDM be around $63,794. If you can shave even one term off your degree, you can save a substantial amount of money.

The school has an impressive student loan default rate. It’s only 3.8%, which is much lower than the national rate of 10.1%. In addition to its great value ranking, UDM is in the top 20% of all schools on our Best Colleges in Michigan list.

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#3

Michigan State University

East Lansing, Michigan

You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #3 in Michigan on this year’s best value ranking. This large public school is located in East Lansing, Michigan, and it awarded 8,997 bachelor’s degrees in 2018-2019.

It takes the average student at Michigan State about 4.4 years to graduate, and the average full-time cost to attend the school for students who receive aid is around $18,661. This makes the estimated cost of a bachelor’s degree from Michigan State be around $81,735. If you can shave even one term off your degree, you can save a substantial amount of money.

The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. Michigan State did well in our quality rankings, too. It placed #2 on our Best Colleges in Michigan list.

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#4

Michigan Technological University

Houghton, Michigan

The excellent bachelor’s degree programs at Michigan Technological University helped the school earn the #4 place on this year’s ranking of the best schools for the money in Michigan. Michigan Tech is a medium-sized public school situated in Houghton, Michigan. It awarded 1,197 bachelor’s degrees in 2018-2019.

At Michigan Tech, the average time it takes a student to graduate is 4.7 years, and the estimated yearly cost for the school is $20,168 for students who receive aid. This makes the estimated cost of a bachelor’s degree from Michigan Tech be around $93,781. When you graduate sooner, you can save a lot of money.

The low student loan default rate of 2.8% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. In addition to its great value ranking, Michigan Tech is in the top 15% of all schools on our Best Colleges in Michigan list.

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#5

Hillsdale College

Hillsdale, Michigan

You’ll be in good company if you decide to attend Hillsdale College. It ranked #5 on our 2021 Best Value Colleges in Michigan list. Hillsdale College is a small private not-for-profit school located in Hillsdale, Michigan that handed out 403 bachelor’s degrees in 2018-2019.

At Hillsdale College, the average time it takes a student to graduate is 4.1 years, and on average, the annual cost to attend the school is $24,324 for students who receive aid. This makes the estimated cost of a bachelor’s degree from Hillsdale College be around $99,728. If you can shave even one term off your degree, you can save a substantial amount of money.

With a freshman retention rate of 93%, the school does an excellent job of retaining its students. Hillsdale College also made our Best Colleges in Michigan list, coming in at #3.

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#6

Grand Valley State University

Allendale, Michigan

Grand Valley State University did quite well in the 2021 Best Value Colleges in Michigan ranking, coming in at #6. Grand Valley State University is a large public school located in Allendale, Michigan that handed out 5,421 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at GVSU is 4.5 years, and it costs students who receive aid about $19,418 per year to attend the school. This makes the estimated cost of a bachelor’s degree from GVSU be around $87,964. Graduating sooner can prevent you from having to pay more money out of pocket.

The school has an impressive student loan default rate. It’s only 3.8%, which is much lower than the national rate of 10.1%.

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#7

Central Michigan University

Mount Pleasant, Michigan

Central Michigan University landed the #7 spot on the 2021 Best Value Colleges in Michigan ranking. Mount Pleasant, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelor’s degrees to 4,343 students in 2018-2019.

It takes the average student at Central Michigan about 4.7 years to graduate, and on average, the annual cost to attend the school is $17,610 for students who receive aid. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Central Michigan is $82,063. The sooner a student graduates, the more money they can save.

The student loan default rate at the school is 4.9%, which is quite low when compared to the national default rate of 10.1%.

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#8

Ferris State University

Big Rapids, Michigan

Ferris State University came in at #8 in this year’s edition of the Best Colleges for the Money in Michigan ranking. Ferris is located in Big Rapids, Michigan and has a fairly large student population. In 2018-2019, this school awarded 2,493 bachelor’s degrees to qualified undergradutates.

At Ferris, the average time it takes a student to graduate is 4.6 years, and the average full-time cost to attend the school for students who receive aid is around $15,909. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from Ferris is about $73,022. The sooner a student graduates, the more money they can save.

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#9

Lake Superior State University

Sault Ste Marie, Michigan

Lake Superior State University did quite well in the 2021 Best Value Colleges in Michigan ranking, coming in at #9. Lake Superior State University is a small public school located in Sault Ste Marie, Michigan that handed out 393 bachelor’s degrees in 2018-2019.

At Lake Superior State University, the average time it takes a student to graduate is 4.4 years, and it costs students who receive aid about $16,475 per year to attend the school. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Lake Superior State University is $72,160. When you graduate sooner, you can save a lot of money.

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#10

Western Michigan University

Kalamazoo, Michigan

Western Michigan University came in at #10 in this year’s edition of the Best Colleges for the Money in Michigan ranking. Located in Kalamazoo, Michigan, the large public school handed out 3,824 bachelor’s degrees in 2018-2019.

It takes the average student at WMU about 4.7 years to graduate, and on average, the annual cost to attend the school is $19,111 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the WMU is $89,631. If you can shave even one term off your degree, you can save a substantial amount of money.

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#11

Wayne State University

Detroit, Michigan

Wayne State University came in at #11 in this year’s edition of the Best Colleges for the Money in Michigan ranking. Located in Detroit, Michigan, the large public school awarded 3,652 diplomas to qualifed bachelor’s degree students in 2018-2019.

It takes about 4.8 years for the average student at Wayne State to complete their degree, and it costs students who receive aid about $20,946 per year to attend the school. This makes the estimated cost of a bachelor’s degree from Wayne State be around $100,541. The sooner a student graduates, the more money they can save.

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#12

University of Michigan - Flint

Flint, Michigan

University of Michigan - Flint landed the #12 spot on the 2021 Best Value Colleges in Michigan ranking. Located in Flint, Michigan, the medium-sized public school awarded 1,096 diplomas to qualifed bachelor’s degree students in 2018-2019.

The average amount of time it takes for a student to receive their degree at UM Flint is 4.9 years, and the average full-time cost to attend the school for students who receive aid is around $16,696. This makes the estimated cost of a bachelor’s degree from UM Flint be around $82,478. If you can shave even one term off your degree, you can save a substantial amount of money.

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#13

Kalamazoo College

Kalamazoo, Michigan

Kalamazoo College came in at #13 in this year’s edition of the Best Colleges for the Money in Michigan ranking. K College is a private not-for-profit institution located in Kalamazoo, Michigan. The school has a small population, and it awarded 373 bachelor’s degrees in 2018-2019.

It takes the average student at K College about 4.1 years to graduate, and the estimated yearly cost for the school is $32,066 for students who receive aid. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from K College is about $131,791. When you graduate sooner, you can save a lot of money.

Students who start out at the school are likely to stick around. The freshman retention rate is 90%. K College also made our Best Colleges in Michigan list, coming in at #5.

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#14

Andrews University

Berrien Springs, Michigan

Andrews University did quite well in the 2021 Best Value Colleges in Michigan ranking, coming in at #14. Andrews is a private not-for-profit institution located in Berrien Springs, Michigan. The school has a small population, and it awarded 313 bachelor’s degrees in 2018-2019.

The average student at Andrews graduates in less than 4.5 years, and it costs students who receive aid about $23,647 per year to attend the school. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Andrews is $105,702. When students graduate in a lesser amount of time, they can save thousands of dollars.

The low student loan default rate of 4.6% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

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#15

Albion College

Albion, Michigan

Albion College did quite well in the 2021 Best Value Colleges in Michigan ranking, coming in at #15. Located in Albion, Michigan, the small private not-for-profit school awarded 371 diplomas to qualifed bachelor’s degree students in 2018-2019.

At Albion, the average time it takes a student to graduate is 4.2 years, and the estimated yearly cost for the school is $27,363 for students who receive aid. This means that the average student pays around $115,745 to get a bachelor’s degree from Albion. When you graduate sooner, you can save a lot of money.

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#16

Oakland University

Rochester Hills, Michigan

With a ranking of #16, Oakland University did quite well on the 2021 Best Colleges for the Money in Michigan list. This fairly large public school is located in Rochester Hills, Michigan, and it awarded 3,500 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Oakland is 4.7 years, and it costs students who receive aid about $20,740 per year to attend the school. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Oakland is $96,648. Graduating sooner can prevent you from having to pay more money out of pocket.

The school has an impressive student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%.

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#17

Hope College

Holland, Michigan

With a ranking of #17, Hope College did quite well on the 2021 Best Colleges for the Money in Michigan list. Hope College is a small private not-for-profit school located in Holland, Michigan that handed out 838 bachelor’s degrees in 2018-2019.

At Hope, the average time it takes a student to graduate is 4.1 years, and the average full-time cost to attend the school for students who receive aid is around $33,418. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from Hope is about $137,682. Graduating sooner can prevent you from having to pay more money out of pocket.

The school has an impressive student loan default rate. It’s only 2.0%, which is much lower than the national rate of 10.1%. Hope not only placed well in our value rankings, but it is also #4 on our Best Colleges in Michigan list.

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#18

Saginaw Valley State University

University Center, Michigan

Saginaw Valley State University came in at #18 in this year’s edition of the Best Colleges for the Money in Michigan ranking. Located in University Center, Michigan, the medium-sized public school handed out 1,527 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Saginaw Valley State University is 4.9 years, and the yearly average cost to attend the school is $16,288 for students who receive aid. This means that the average student pays around $80,300 to get a bachelor’s degree from Saginaw Valley State University. Graduating sooner can prevent you from having to pay more money out of pocket.

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#19

Calvin University

Grand Rapids, Michigan

Calvin University ranked #19 on this year’s Best Colleges for the Money in Michigan list. Located in Grand Rapids, Michigan, the small private not-for-profit school handed out 969 bachelor’s degrees in 2018-2019.

It takes about 4.2 years for the average student at Calvin to complete their degree, and the yearly average cost to attend the school is $32,672 for students who receive aid. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from Calvin is about $137,876. Graduating sooner can prevent you from having to pay more money out of pocket.

Students who start out at the school are likely to stick around. The freshman retention rate is 87%. In addition to its great value ranking, Calvin is in the top 20% of all schools on our Best Colleges in Michigan list.

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#20

Alma College

Alma, Michigan

With a ranking of #20, Alma College did quite well on the 2021 Best Colleges for the Money in Michigan list. Alma is located in Alma, Michigan and has a small student population. In 2018-2019, this school awarded 326 bachelor’s degrees to qualified undergradutates.

It takes about 4.2 years for the average student at Alma to complete their degree, and it costs students who receive aid about $28,262 per year to attend the school. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from Alma is about $118,983. The sooner a student graduates, the more money they can save.

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#21

Northern Michigan University

Marquette, Michigan

Northern Michigan University ranked #21 on this year’s Best Colleges for the Money in Michigan list. Northern Michigan University is a medium-sized public school located in Marquette, Michigan that handed out 1,219 bachelor’s degrees in 2018-2019.

At Northern Michigan University, the average time it takes a student to graduate is 4.6 years, and the estimated yearly cost for the school is $17,769 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the Northern Michigan University is $81,560. When you graduate sooner, you can save a lot of money.

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#22

Aquinas College Michigan

Grand Rapids, Michigan

Aquinas College Michigan ranked #22 on this year’s Best Colleges for the Money in Michigan list. Aquinas College Michigan is located in Grand Rapids, Michigan and has a small student population. In 2018-2019, this school awarded 378 bachelor’s degrees to qualified undergradutates.

The average amount of time it takes for a student to receive their degree at Aquinas College Michigan is 4.4 years, and it costs students who receive aid about $25,863 per year to attend the school. This means that the average student pays around $114,832 to get a bachelor’s degree from Aquinas College Michigan. When you graduate sooner, you can save a lot of money.

The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.

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#23

Sacred Heart Major Seminary

Detroit, Michigan

Sacred Heart Major Seminary came in at #23 in this year’s edition of the Best Colleges for the Money in Michigan ranking. SHMS is a private not-for-profit institution located in Detroit, Michigan. The school has a small population, and it awarded 20 bachelor’s degrees in 2018-2019.

It takes the average student at SHMS about 4.0 years to graduate, and the estimated yearly cost for the school is $30,760 for students who receive aid. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from SHMS is about $123,040. When you graduate sooner, you can save a lot of money.

The student-to-faculty rate of 7 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

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#24

Cornerstone University

Grand Rapids, Michigan

Cornerstone University came in at #24 in this year’s edition of the Best Colleges for the Money in Michigan ranking. Cornerstone University is a small private not-for-profit school located in Grand Rapids, Michigan that handed out 416 bachelor’s degrees in 2018-2019.

It takes the average student at Cornerstone about 4.2 years to graduate, and it costs students who receive aid about $24,827 per year to attend the school. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Cornerstone is $105,018. When students graduate in a lesser amount of time, they can save thousands of dollars.

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#25

Eastern Michigan University

Ypsilanti, Michigan

With a ranking of #25, Eastern Michigan University did quite well on the 2021 Best Colleges for the Money in Michigan list. Eastern Michigan is a fairly large public school situated in Ypsilanti, Michigan. It awarded 3,635 bachelor’s degrees in 2018-2019.

The average student at Eastern Michigan graduates in less than 4.8 years, and the average full-time cost to attend the school for students who receive aid is around $20,456. This means that the average student pays around $98,393 to get a bachelor’s degree from Eastern Michigan. The sooner a student graduates, the more money they can save.

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Notes and References

Footnotes

*These averages are for the top 25 schools only.

  • For our state-specific rankings, we use in-state tuition to calculate average cost. For our national and regional rankings, we use a weighted average of in-state and non-resident tuition.

References

  • 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).
  • Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.

More about our data sources and methodologies.

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