UW-Stevens Point ranks in top 10 Best Value Colleges in Wisconsin
By Gazette staff
CENTRAL WISCONSIN – In its seventh annual study, SmartAsset identified the colleges across the U.S. that give students the best return on their educational investment, with UW-Stevens Point ranking in the top 10 at No. 10.
“SmartAsset looked at five factors to determine the best value colleges and universities in the U.S.: tuition, student living costs, scholarship and grant offerings, student retention rate and starting salary for new graduates,” a release stated.
Tuition and student living costs like room and board, books, supplies, transportation, and other personal expenses were used to capture the costs associated with attending each school.
“We then compared the factors that illustrate a student’s return on investment. Student retention rate shows the percentage of students that are re-enrolling at the institution from year-to-year. The average starting salary shows potential earnings of new graduates when they enter the workforce. Additionally, scholarships and grants show the amount of financial backing colleges are endowing to their student body on a per-person basis,” the release added.
“We gave 25 percent weighting to starting salary, tuition and living costs. We then gave 12.5 percent weighting to scholarships and grants, as well as retention rate, to come up with our Best Value Colleges Index. Schools were ranked in accordance with their score on the index, with the number one school receiving a score of 100 and each additional school’s index value representing how closely they compare.”
For UWSP, SmartAsset calculated an average of $5,442 in scholarships and grants, an average starting salary of $46,500, college tuition of $8,239, $10,830 in living costs, and a 75 percent student retention rate – resulting in a 44.67 college education value index.
Milwaukee School of Engineering landed in No. 1, with an 68.32 college education value index. University of Wisconsin colleges rounded out the remainder of the top 10 on the list.