Degree Dividend
Sourced from federal dataEvery figure datedNo rankings for sale

The cost of college in Michigan — and what it pays back

Across the 85 Michigan institutions we profile, the median net price — what students actually pay after grants and scholarships — is $14,301/yr, $2,605 below the $16,906 national median. Graduates earn a median $41,596 ten years after entry (below the $43,552 national median), and 34 of the 85 schools clear their full cost on institution-wide earnings. (Scorecard, 2026 · our math.)

$14,301
Median net price / yr
Scorecard, 2026
$41,596
Median earnings, 10 yrs
Scorecard, 2026
8.0 yrs
Median payback
Our math, 2026
34/85
Schools that pay back
Our math, 2026

How Michigan's 85 colleges split by ROI verdict

Strong
9
Solid
12
Slow
9
Weak
55

Verdicts: payback under 5 / 10 / 20 / over 20 years (or none).

Best-value Michigan colleges — fastest payback
CollegeNet price/yrEarnings 10yPayback
University of Michigan-Ann Arbor$13,138$83,6481.5 yrs
Michigan Technological University$14,182$78,1981.9 yrs
Chamberlain University-Michigan$28,045$92,4052.5 yrs
University of Detroit Mercy$15,232$71,0302.7 yrs
Kettering University$34,660$94,8233 yrs
Cheapest Michigan colleges by net price
CollegeNet price/yrEarnings 10yPayback
Henry Ford College$660$34,795no payback
West Shore Community College$1,527$36,115no payback
Macomb Community College$1,618$41,596no payback
Schoolcraft Community College District$2,260$42,722no payback
Kalamazoo Valley Community College$2,979$38,618no payback

Frequently asked questions

How much does college cost in Michigan?
The median net price across Michigan colleges is $14,301/yr after aid — below the $16,906 national median. Sticker prices run far higher; net price is what the typical aided student actually pays.
Is college in Michigan cheaper than the national average?
Yes, on median net price: $14,301/yr vs $16,906 nationally — about $2,605/yr less.
What do Michigan college graduates earn?
A median $41,596 ten years after entry (College Scorecard), below the $43,552 national median.
Which Michigan college pays for itself fastest?
University of Michigan-Ann Arbor — about 1.5 years to clear its $52,552 total net cost on earnings above the high-school baseline. The full ranking is on our best-colleges-in-michigan page.