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WPI Named One of Best Value Colleges in MA

Wednesday, April 05, 2017

 

Worcester Polytech

Worcester Polytechnic Institute (WPI) has been named among the best value colleges in Massachusetts. 

According to SmartAsset’s third annual Best Value Colleges study, Worcester Polytech is the fourth best value college out of ten ranked colleges in the state. 

Last year, SmartAsset ranked WPI fifth on the list. 

See the Rankings in the Slideshow Below 

"Earning a college degree can increase your skill set, job prospects and net worth. But with rising college costs, where you choose to get that degree from can make a big difference," said SmartAsset. 

The Rankings 

Overall, MIT is ranked as the best value college, while Harvard, Massachusetts Maritime Academy, WPI and UMass Boston round out the top five. 

Boston College was ranked 10th on the list of Best Value Colleges. 

The Method 

SmartAsset looked at five factors to determine the best value colleges and universities: tuition, student living costs, scholarship and grant offerings, retention rate and starting salary. 

To capture the true cost of attending a school, they included the tuition (using in-state tuition for public schools where applicable), student living costs (including room and board, books, supplies, transportation and other personal expenses) and the average scholarships and grants offered to students of the school.

To find out what students get in return, SmartAsset looked at student retention rate (the percent of students that re-enrolled at the institution the following year) and the average starting salary.

They gave 25% weighting to starting salary, tuition, and living costs; and 12.5% weighting to scholarships & grants and student retention rate to come up with a ranking of schools in our analysis. 

With that ranking, they created an index where the number one school was assigned 100. 

SEE THE RANKINGS IN THE SLIDESHOW BELOW

 

Related Slideshow: SmartAsset’s Best Value Colleges in MA - 2017

Prev Next

10.

Boston College 

Chestnut Hill, MA

Avg. Scholarships and Grants: $36,668

Avg. Starting Salary: $56,800

College Tuition: $47,436

Student Living Costs: $15,386

Student Retention Rate: 95%

College Education Value Index: 54.78

Prev Next

9.

Tufts University

Medford, MA

Avg. Scholarships and Grants: $36,384

Avg. Starting Salary: $56,700

College Tuition: $48,643

Student Living Costs: $14,757

Student Retention Rate: 97%

College Education Value Index: 54.88

Prev Next

8.

Northeastern University

Boston, MA

Avg. Scholarships and Grants: $30,421

Avg. Starting Salary: $57,800

College Tuition: $41,686

Student Living Costs: $16,410

Student Retention Rate: 97%

College Education Value Index: 56.22

Prev Next

7.

University of Massachusetts-Lowell

Lowell, MA

Avg. Scholarships and Grants: $7,690

Avg. Starting Salary: $54,100

College Tuition: $12,097

Student Living Costs: $12,864

Student Retention Rate: 86%

College Education Value Index: 58.12

Prev Next

6.

Babson College

Wellesley, MA

Avg. Scholarships and Grants: $34,843

Avg. Starting Salary: $59,500

College Tuition: $45,120

Student Living Costs: $17,320

Student Retention Rate: 96%

College Education Value Index: 58.28

Prev Next

5.

University of Massachusetts-Boston

Boston, MA

Avg. Scholarships and Grants: $9,524

Avg. Starting Salary: $46,600

College Tuition: $11,966

Student Living Costs: $800

Student Retention Rate: 78%

College Education Value Index: 58.67

Prev Next

4.

Worcester Polytechnic Institute

Worcester, MA

Avg. Scholarships and Grants: $20,152

Avg. Starting Salary: $65,300

College Tuition: $42,778

Student Living Costs: $15,282

Student Retention Rate: 96%

College Education Value Index: 61.13

Prev Next

3.

Massachusetts Maritime Academy

Buzzards Bay, MA

Avg. Scholarships and Grants: $9,876

Avg. Starting Salary: $58,900

College Tuition: $7,127

Student Living Costs: $14,946

Student Retention Rate: 93%

College Education Value Index: 74.09

Prev Next

2.

Harvard University 

Cambridge, MA

Avg. Scholarships and Grants: $46,508

Avg. Starting Salary: $65,200

College Tuition: $43,938

Student Living Costs: $18,312

Student Retention Rate: 98%

College Education Value Index: 79.90

Prev Next

1.

Massachusetts Institute of Technology 

Cambridge, MA

Avg. Scholarships and Grants: $39,339

Avg. Starting Salary: $78,300

College Tuition: $45,016

Student Living Costs: $16,014

Student Retention Rate: 98%

College Education Value Index: 100.00

 
 

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