The University of Michigan is ranked No. 5 on Kiplinger’s list of 100 Best Values in Public Colleges, moving up one spot from last year.
The ranking highlights colleges and universities that combine outstanding education with economic value.
Kiplinger assesses value by measurable standards of academic quality and affordability. Quality measures include the admission rate, the percentage of students who return for sophomore year, the student-faculty ratio and four-year graduation rate.
Cost criteria include sticker price, financial aid and average debt at graduation.
The total tuition for an in-state student at U-M this year is $13,856, and 70 percent of in-state undergraduates get financial aid. Total tuition for an out-of-state student is $43,476, and 50 percent of out-of-state undergraduates get financial aid.
In June, the Board of Regents approved a budget for fiscal year 2016 that includes an 8 percent increase in undergraduate financial aid.
U-M continues its long-standing commitment to provide aid packages that meet the full demonstrated financial need of all in-state students.
The budget also includes funding to provide a similar commitment for out-of-state students from families with incomes of up to about $68,000 a year.
