PROVIDENCE – For the third year in a row, Brown University has the best value among Rhode Island higher education institutions, according to SmartAsset.
The financial technology company said Monday that it looked at five categories to determine its rankings: Average starting salary for graduates, average scholarships and grants, college tuition, student living costs and student retention rate (the percent of students that re-enrolled at the institution the following year).
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Brown topped the list out of the nine Rhode Island schools ranked thanks to its average starting salary for graduates, which was the highest at $58,600; scholarships and grants provided, again the highest at an average of $39,737; and for its 98 percent student retention rate.
In the college tuition category, Brown had the highest cost at $45,612. Tuition costs were lowest at Rhode Island College at $7,602, and University of Rhode Island at $12,506. In-state tuition costs for residents of the same state as the college were used where applicable, SmartAsset said.
Rhode Island School of Design had the highest living costs at $18,122, while Rhode Island College had the lowest at $12,451. Brown’s living costs total $14,848.
The rest of the top five schools, according to value, are: University of Rhode Island, Providence College, Rhode Island College and Bryant University.
Nationally, Brown ranks 37th. Massachusetts Institute of Technology in Cambridge ranked No. 1 nationally for an average starting salary of $78,300, average scholarships and grants at $39,339 and a student retention rate of 98 percent.
