Montana Tech has been named the #1 Best Value College in Montana by SmartAsset, a financial technology company aiming to provide the best personal finance advice on the web. SmartAsset created a list of colleges where a student can receive a good education for a decent price. The top 5 colleges in order are: Montana Tech, Montana State University, Carroll College, the University of Montana and Montana State-Billings.
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. 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 capture 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.
SmartAsset gave 25% weighting to starting salary, tuition and living costs. Then gave 12.5% weighting to scholarships and grants, as well as student retention rate, to come up with a ranking of schools in the analysis. With that ranking, they created an index where the number one school was assigned 100.
For more information, please visit https://smartasset.com/student-loans/student-loan-calculator#montana.