It can cost a lot of money to go to college. It can also really pay off if you pick the right place.
According to MONEY magazine, two of the best values in the country are in Michigan — the University of Michigan and Michigan State University.
U-M was the third-best college for your money on the list, while MSU was 30th.
For this year’s list, MONEY ranked 711 schools on 27 factors in three categories: quality of education, affordability and outcomes.
New to this year’s “outcomes” category, MONEY included exclusive data from LinkedIn and Burning Glass Technologies on the market value of the most commonly listed skills for alumni. The biggest change to this year’s methodology is the addition of data on schools’ track records of moving low-income students into the upper middle class.
For U-M, MONEY projected the net cost for 2017-18 at $17,000 and said the average early career earnings of graduates averaged $61,200.
For MSU, MONEY projected the net cost for 2017-18 at $15,800 and said the average early career earnings of graduates averaged $50,400.
U-M recently announced its Go Blue Guarantee. Starting in January 2018, any current or future in-state student whose family earns $65,000 or less will be eligible for free tuition for four years. That's worth about $60,000 for those four years total.
Other Michigan schools on the MONEY list included Michigan Technological University at number 91.
© 2017 Detroit Free Press