Tech ranks No. 1 in public universities and No. 2 overall in state in Best Value Colleges study
by Kim Swindell Wood | April 13, 2017 6:43 am
When it comes to providing a quality education at a great price, Tennessee Tech students get their money’s worth. At least that’s what a recent study shows.
Tech ranked first in public universities and second overall in Tennessee in the SmartAsset Best Value Colleges study for 2017.
As a result of its performance in categories including scholarships provided, starting salary, tuition, living costs, and retention rates, Tech ranked second to Vanderbilt University, while ranking ahead of Christian Brothers University, University of Tennessee-Knoxville, University of Memphis, Trevecca Nazarene University, Tennessee State University, University of Tennessee-Martin, Carson-Newman University and Middle Tennessee State University.
According to the study, Tech awards an average of $8,108 in scholarships and grants while in-state tuition is $7,679. Student living costs are $15,900 and the average starting salary is $53,800. The student retention rate is 75 percent.
Tech had an index (53.37) less than seven points behind Vanderbilt (60.75) while Tech’s average starting salary was just $4,100 less than Vandy ($57,900).
SmartAsset is a financial technology company that uses data to provide free, actionable advice on big financial decisions. Other topics the company addresses include home buying, renting, retirement, life insurance, taxes, student loans and investing.
For more information on the study, go to https://smartasset.com/student-loans/student-loan-calculator?year=2017#tennessee.