The University of Colorado Boulder ranks third for value among Colorado colleges, with Colorado School of Mines in Golden and Colorado State University in Fort Collins ranked first and second, respectively, according to SmartAssets.
While earning a college degree can increase a person’s skill set, job prospects and net worth, rising college costs makes choosing a college more important than ever. SmartAssets looked at five factors to determine the colleges and universities with the best value: tuition, student living costs, scholarship and grant offerings, retention rate and starting salary.
According to SmartAssets, it 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 capture the true cost of attending a school.
It then looked at student retention rate (the percent of students that re-enrolled at the institution the following year) and the average starting salary.
SmartAssets weighted each of the five factors equally to come up with a ranking of schools in its analysis, then created an index in which the No. 1 school was assigned 100 and all others were graded on a curve.
Colorado School of Mines ranked second nationally, behind No. 1-ranked University of Michigan, while CSU was ranked 61st and CU 140th. Here’s a look at the 10 Colorado colleges ranked in SmartAssets’ list:
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