Degree Dividend
Sourced from federal dataEvery figure datedNo rankings for sale

Michigan State University vs University of Michigan-Ann Arbor: which has better ROI?

Public, East Lansing MI · vs · Public, Ann Arbor MI

The verdict

University of Michigan-Ann Arbor has the better ROI: it clears its 4-year net cost of $52,552 in 1.5 years versus 4.2 years at Michigan State University, on median earnings of $83,648 vs $67,253 ten years out. (Scorecard, 2026 · our math.)

Head to head
MeasureMichigan State UniversityUniversity of Michigan-Ann Arbor
Net price / yr$19,680$13,138
Total net cost$78,720$52,552
Median earnings, 10 yrs$67,253$83,648
Median debt$23,250$19,500
Payback4.2 yrs1.5 yrs
20-year net return$299,140$653,208

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.