These WI Schools Are Among Money’s Best Colleges In America 2023

WISCONSIN — Several higher education institutions in Wisconsin were recently named to Money Magazine’s Best Colleges In America list, an analysis that looks at graduation rates, tuition, financial aid and alumni salaries.

Rather than ranking the colleges, Money said it used a six-star rating system to develop the list of 736 colleges “where your tuition (and time) is likely to pay off.”

“While the underlying methodology is similar to previous years, the new rating system can help families with their college search by highlighting the variety (and diversity) of high-value colleges in the U.S.,” Money said, “We hope the ratings show that, depending on your individual characteristics, priorities and goals, there may be multiple top colleges to consider.”

In Wisconsin, several colleges were selected for the list. They include:

Marquette University in Milwaukee
Acceptance rate: 86 percent
2023-24 estimated full price: $66,300
Estimated price with average grant: $36,000
Graduation rate: 82 percent

Milwaukee School of Engineering
Acceptance rate: 67 percent
2023-2024 estimated full price: $62,800
Estimated price with average grant: $28,600
Graduation rate: 65 percent.

Concordia University in Mequon
Acceptance rate: 69 percent
2023-2024 estimated full price: $50,800
Estimated price with average grant: $27,700
Graduation rate: 61 percent

University of Wisconsin-Madison
Acceptance rate: 60 percent
2023-2024 estimated full price: $28,700
Estimated price with average grant: $14,500
Graduation rate: 87 percent.

Find more rankings of Wisconsin colleges at Money's website.

In many cases, Money said, the cost of college is a primary reason students choose not to attend college or struggle to graduate once they do. Overall, freshmen starting at a four-year college this fall will pay an average of $20,000 a year at public universities and $30,000 at private colleges if they receive financial aid.

Money started with more than 2,400 four-year public and private nonprofit colleges with at least 500 undergraduate students. To be considered, schools also had to meet graduation rate standards and meet other criteria.

Considering 26 data points, the schools were ranked in three categories:

• Quality of education (30 percent weighting);
• Affordability (40 percent weighting)
• Outcomes, including alumni earnings (30 percent weighting)

The full methodology is found on Money’s website.