6 Colleges In Minnesota Among Best Value: Report

TWIN CITIES, MN — If you're a prospective college student looking to get the best education for your money, the Land of 10,000 Lakes has a number of options, according to a new report.

Forbes has ranked its best value colleges in America for this year, and six colleges from Minnesota made the list.

The universities and colleges were evaluated based on net price, net debt, alumni earnings, timely graduation, school quality and accessibility for low-income students.

The list evaluates institutions that offer four-year degrees. It doesn’t include private for-profit schools, such as the University of Phoenix or DeVry University.

6. Saint John's University

National ranking: No. 297
Tuition: $40,226
Population: 1,869

5. St. Olaf College

National ranking: No. 281
Tuition: $42,940
Population: 3,046

4. Macalester College

National ranking: No. 228
Tuition: $48,887
Population: 2,172

3. University of Minnesota-Morris

National ranking: No. 173
Tuition: $12,846
Population: 1,856

2. Carleton College

National ranking: No. 145
Tuition: $49,263
Population: 2,014

1. University of Minnesota-Twin Cities

National ranking: No. 90
Tuition: $13,790
Population: 50,678

California residents will be pretty happy with the results. Out the roughly 5,300 colleges and universities in the U.S., the Golden State has eight of the top 20 colleges and universities when it comes to best value, Forbes says. That includes three of the top five.

1. University of California, Los Angeles
2. University of California, Berkeley
3. Brigham Young University (Utah)
4. University of California, Irvine
5. University of Washington, Seattle

Forbes says the University of California, Los Angeles and University of California, Berkeley actually swapped places this year compared to their rankings last year, saying it’s about $3,000 cheaper to go to UCLA. UCLA also has more students that receive Pell Grants.

Other notable names that cracked Forbes’ top 10 include Harvard University, Stanford University and Princeton University.

Public research universities dominated the list, accounting for 166 of the 300 institutions. Prestigious private schools, including smaller liberal arts schools, also performed well across the board.

Yale ranked No. 14, Williams ranked No. 15, Pomona ranked No. 16 and MIT came in at No. 17.

Forbes highlighted the City University of New York and Baruch College as particularly good values. Nearly half of students at those universities receive Pell Grants and graduates earn an an average income of $103,000 in the middle of their careers.

Click here to see the full rankings.

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