Degree Dividend
Sourced from federal dataEvery figure datedNo rankings for sale

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

Public, Columbus OH · 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 5.8 years at Ohio State University-Main Campus, on median earnings of $83,648 vs $60,409 ten years out. (Scorecard, 2026 · our math.)

Share
Head to head
MeasureOhio State University-Main CampusUniversity of Michigan-Ann Arbor
Net price / yr$17,339$13,138
Total net cost$69,356$52,552
Median earnings, 10 yrs$60,409$83,648
Median debt$19,976$19,500
Payback5.8 yrs1.5 yrs
20-year net return$171,624$653,208

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

Which is cheaper, Ohio State University-Main Campus or University of Michigan-Ann Arbor?

University of Michigan-Ann Arbor, at $13,138 a year after aid versus $17,339 — a gap of $4,201 a year, or $16,804 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Ohio State University-Main Campus or University of Michigan-Ann Arbor graduates earn more?

University of Michigan-Ann Arbor graduates report a median $83,648 ten years after entry, $23,239 more than the $60,409 at Ohio State University-Main Campus. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Ohio State University-Main Campus or University of Michigan-Ann Arbor?

University of Michigan-Ann Arbor: its completers carry a median $19,500 in federal loans versus $19,976 at Ohio State University-Main Campus, a difference of $476. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

93% of students finish at University of Michigan-Ann Arbor, against 88% at Ohio State University-Main Campus. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Ohio State University-Main Campus vs University of Michigan-Ann Arbor: frequently asked questions

Is Ohio State University-Main Campus or University of Michigan-Ann Arbor a better value?
University of Michigan-Ann Arbor. It clears its $52,552 net cost in about 1.5 years versus 5.8 years at Ohio State University-Main Campus, on median earnings of $83,648 vs $60,409 ten years out.
Which is cheaper, Ohio State University-Main Campus or University of Michigan-Ann Arbor?
University of Michigan-Ann Arbor: $13,138/yr net price after aid versus $17,339/yr at Ohio State University-Main Campus — a difference of $4,201 a year, or about $16,804 over four years.
Do Ohio State University-Main Campus or University of Michigan-Ann Arbor graduates earn more?
University of Michigan-Ann Arbor graduates earn a median $83,648 ten years after entry, versus $60,409 at Ohio State University-Main Campus — a $23,239 gap. This blends every major, so a specific field can flip it.