Special Report
Most Affordable Colleges With Best Outcomes in Every State
Published:
Last Updated:
Student loan debt, the second largest consumer debt category in the United States after home mortgages, hit an all time high of $1.4 trillion in 2019. The financial burden posed by outstanding student loans is largely due to climbing tuition costs.
In the 1999-2000 academic year, the average annual cost of attending a four-year institution was $33,060 at private schools and $12,440 at public schools. As of 2019, average costs hit $49,870 at private schools and $21,950 at public schools, a 51% and 76% increase, respectively.
While the growing student debt crisis is contributing to annual declines in college enrollment, a four-year college education does not have to mean a lifetime of paying off student loans. Across the country, there are schools with relatively low tuition costs, where graduates typically go on to secure well-paying jobs upon graduation.
Using data from the from the U.S. Department of Education, 24/7 Wall St. reviewed a range of data at over 6,000 colleges and universities, including tuition costs, graduate employment rates, student debt repayment, and median salaries after enrollment, to identify the most affordable colleges with the best outcomes in every state.
Public schools tend to have lower tuition and therefore more affordable to a broader range of prospective students than private schools, and not surprisingly, the majority of institutions on this list are public. Additionally, most of the schools on this list are not especially selective. Of the 50 schools on this list, only a handful admit fewer than half of all applicants. Here is a look at the hardest colleges to get into.
Of course, while deciding on which school to attend can have an impact on employment and salary prospects in future years, choosing a school may not be as impactful as choosing a field of study. The median salary for majors in some fields is as much as four times higher as the median salary for those who major in other subjects. Here is a list of the highest — and lowest — paying college majors in America.
Click here to see the most affordable colleges with the best outcomes in every state
Click here to read our methodology
Editor’s note: In a previous version of this article, the images used for Ohio, Tennessee, and Washington did not depict the school listed for that state. The error has been corrected.
1. Alabama: University of North Alabama
> City: Florence
> Acceptance rate: 70.2%
> Undergraduate enrollment: 5,771
> Avg. annual cost of attendance: $18,223
> Employment rate 10 yrs. after enrollment: 86.0%
> Typical earnings 10 yrs. after enrollment: $37,800
See all stories featuring: Alabama
[in-text-ad]
2. Alaska: University of Alaska Anchorage
> City: Anchorage
> Acceptance rate: 82.8%
> Undergraduate enrollment: 11,332
> Avg. annual cost of attendance: $19,126
> Employment rate 10 yrs. after enrollment: 83.4%
> Typical earnings 10 yrs. after enrollment: $45,400
See all stories featuring: Alaska
24/7 Wall St.
3. Arizona: University of Arizona
> City: Tucson
> Acceptance rate: 83.6%
> Undergraduate enrollment: 33,428
> Avg. annual cost of attendance: $26,157
> Employment rate 10 yrs. after enrollment: 88.9%
> Typical earnings 10 yrs. after enrollment: $47,300
See all stories featuring: Arizona
4. Arkansas: University of Arkansas
> City: Fayetteville
> Acceptance rate: 66.0%
> Undergraduate enrollment: 22,763
> Avg. annual cost of attendance: $22,122
> Employment rate 10 yrs. after enrollment: 87.9%
> Typical earnings 10 yrs. after enrollment: $44,900
See all stories featuring: Arkansas
[in-text-ad-2]
5. California: California Polytechnic State University
> City: San Luis Obispo
> Acceptance rate: 34.6%
> Undergraduate enrollment: 21,303
> Avg. annual cost of attendance: $25,960
> Employment rate 10 yrs. after enrollment: 90.8%
> Typical earnings 10 yrs. after enrollment: $66,900
See all stories featuring: California
6. Colorado: Colorado School of Mines
> City: Golden
> Acceptance rate: 55.7%
> Undergraduate enrollment: 4,751
> Avg. annual cost of attendance: $32,347
> Employment rate 10 yrs. after enrollment: 91.9%
> Typical earnings 10 yrs. after enrollment: $84,900
See all stories featuring: Colorado
[in-text-ad]
7. Connecticut: University of Connecticut-Stamford
> City: Stamford
> Acceptance rate: 82.3%
> Undergraduate enrollment: 1,670
> Avg. annual cost of attendance: $15,747
> Employment rate 10 yrs. after enrollment: 93.0%
> Typical earnings 10 yrs. after enrollment: $58,400
See all stories featuring: Connecticut
24/7 Wall St.
8. Delaware: University of Delaware
> City: Newark
> Acceptance rate: 62.9%
> Undergraduate enrollment: 18,948
> Avg. annual cost of attendance: $25,210
> Employment rate 10 yrs. after enrollment: 93.8%
> Typical earnings 10 yrs. after enrollment: $57,000
See all stories featuring: Delaware
9. Florida: Embry-Riddle Aeronautical University-Worldwide
> City: Daytona Beach
> Acceptance rate: 63.3%
> Undergraduate enrollment: 10,256
> Avg. annual cost of attendance: $22,656
> Employment rate 10 yrs. after enrollment: 92.1%
> Typical earnings 10 yrs. after enrollment: $66,200
See all stories featuring: Florida
[in-text-ad-2]
10. Georgia: Georgia Institute of Technology-Main Campus
> City: Atlanta
> Acceptance rate: 23.4%
> Undergraduate enrollment: 14,810
> Avg. annual cost of attendance: $27,245
> Employment rate 10 yrs. after enrollment: 92.5%
> Typical earnings 10 yrs. after enrollment: $79,100
See all stories featuring: Georgia
11. Hawaii: University of Hawaii-West Oahu
> City: Kapolei
> Acceptance rate: 78.8%
> Undergraduate enrollment: 2,747
> Avg. annual cost of attendance: $14,029
> Employment rate 10 yrs. after enrollment: 80.6%
> Typical earnings 10 yrs. after enrollment: $38,600
See all stories featuring: Hawaii
[in-text-ad]
12. Idaho: Brigham Young University-Idaho
> City: Rexburg
> Acceptance rate: 94.8%
> Undergraduate enrollment: 35,038
> Avg. annual cost of attendance: $11,833
> Employment rate 10 yrs. after enrollment: 70.8%
> Typical earnings 10 yrs. after enrollment: $42,700
See all stories featuring: Idaho
24/7 Wall St.
13. Illinois: University of Illinois at Urbana-Champaign
> City: Champaign
> Acceptance rate: 61.5%
> Undergraduate enrollment: 32,884
> Avg. annual cost of attendance: $30,064
> Employment rate 10 yrs. after enrollment: 93.1%
> Typical earnings 10 yrs. after enrollment: $61,500
See all stories featuring: Illinois
14. Indiana: Purdue University-Main Campus
> City: West Lafayette
> Acceptance rate: 57.5%
> Undergraduate enrollment: 31,887
> Avg. annual cost of attendance: $22,718
> Employment rate 10 yrs. after enrollment: 91.9%
> Typical earnings 10 yrs. after enrollment: $55,100
See all stories featuring: Indiana
[in-text-ad-2]
15. Iowa: Iowa State University
> City: Ames
> Acceptance rate: 89.3%
> Undergraduate enrollment: 30,116
> Avg. annual cost of attendance: $19,878
> Employment rate 10 yrs. after enrollment: 93.3%
> Typical earnings 10 yrs. after enrollment: $50,700
See all stories featuring: Iowa
16. Kansas: Fort Hays State University
> City: Hays
> Acceptance rate: 88.6%
> Undergraduate enrollment: 12,174
> Avg. annual cost of attendance: $16,753
> Employment rate 10 yrs. after enrollment: 90.4%
> Typical earnings 10 yrs. after enrollment: $38,200
See all stories featuring: Kansas
[in-text-ad]
17. Kentucky: Northern Kentucky University
> City: Highland Heights
> Acceptance rate: 90.4%
> Undergraduate enrollment: 10,728
> Avg. annual cost of attendance: $17,377
> Employment rate 10 yrs. after enrollment: 89.1%
> Typical earnings 10 yrs. after enrollment: $37,500
See all stories featuring: Kentucky
24/7 Wall St.
18. Louisiana: Louisiana Tech University
> City: Ruston
> Acceptance rate: 64.8%
> Undergraduate enrollment: 8,277
> Avg. annual cost of attendance: $19,225
> Employment rate 10 yrs. after enrollment: 88.9%
> Typical earnings 10 yrs. after enrollment: $41,500
See all stories featuring: Louisiana
19. Maine: University of Southern Maine
> City: Portland
> Acceptance rate: 83.5%
> Undergraduate enrollment: 5,248
> Avg. annual cost of attendance: $19,306
> Employment rate 10 yrs. after enrollment: 90.4%
> Typical earnings 10 yrs. after enrollment: $38,700
See all stories featuring: Maine
[in-text-ad-2]
20. Maryland: University of Maryland
> City: College Park
> Acceptance rate: 44.5%
> Undergraduate enrollment: 29,273
> Avg. annual cost of attendance: $25,701
> Employment rate 10 yrs. after enrollment: 90.8%
> Typical earnings 10 yrs. after enrollment: $62,900
See all stories featuring: Maryland
21. Massachusetts: Westfield State University
> City: Westfield
> Acceptance rate: 85.3%
> Undergraduate enrollment: 5,375
> Avg. annual cost of attendance: $21,684
> Employment rate 10 yrs. after enrollment: 93.6%
> Typical earnings 10 yrs. after enrollment: $46,100
See all stories featuring: Massachusetts
[in-text-ad]
22. Michigan: Michigan Technological University
> City: Houghton
> Acceptance rate: 74.5%
> Undergraduate enrollment: 5,829
> Avg. annual cost of attendance: $27,537
> Employment rate 10 yrs. after enrollment: 93.0%
> Typical earnings 10 yrs. after enrollment: $66,400
See all stories featuring: Michigan
23. Minnesota: Minnesota State University
> City: Mankato
> Acceptance rate: 61.0%
> Undergraduate enrollment: 11,966
> Avg. annual cost of attendance: $18,993
> Employment rate 10 yrs. after enrollment: 93.9%
> Typical earnings 10 yrs. after enrollment: $44,900
See all stories featuring: Minnesota
24. Mississippi: Mississippi State University
> City: Mississippi State
> Acceptance rate: 62.4%
> Undergraduate enrollment: 17,723
> Avg. annual cost of attendance: $23,483
> Employment rate 10 yrs. after enrollment: 90.0%
> Typical earnings 10 yrs. after enrollment: $40,200
See all stories featuring: Mississippi
[in-text-ad-2]
25. Missouri: Truman State University
> City: Kirksville
> Acceptance rate: 67.5%
> Undergraduate enrollment: 5,241
> Avg. annual cost of attendance: $20,633
> Employment rate 10 yrs. after enrollment: 94.3%
> Typical earnings 10 yrs. after enrollment: $44,500
See all stories featuring: Missouri
26. Montana: Montana State University
> City: Bozeman
> Acceptance rate: 83.1%
> Undergraduate enrollment: 14,383
> Avg. annual cost of attendance: $19,980
> Employment rate 10 yrs. after enrollment: 89.8%
> Typical earnings 10 yrs. after enrollment: $43,200
See all stories featuring: Montana
[in-text-ad]
27. Nebraska: Wayne State College
> City: Wayne
> Acceptance rate: N/A
> Undergraduate enrollment: 2,610
> Avg. annual cost of attendance: $17,371
> Employment rate 10 yrs. after enrollment: 93.2%
> Typical earnings 10 yrs. after enrollment: $36,100
See all stories featuring: Nebraska
28. Nevada: University of Nevada
> City: Reno
> Acceptance rate: 88.0%
> Undergraduate enrollment: 17,930
> Avg. annual cost of attendance: $21,142
> Employment rate 10 yrs. after enrollment: 88.7%
> Typical earnings 10 yrs. after enrollment: $47,000
See all stories featuring: Nevada
29. New Hampshire: Keene State College
> City: Keene
> Acceptance rate: 82.7%
> Undergraduate enrollment: 3,688
> Avg. annual cost of attendance: $26,094
> Employment rate 10 yrs. after enrollment: 92.2%
> Typical earnings 10 yrs. after enrollment: $42,400
See all stories featuring: New Hampshire
[in-text-ad-2]
30. New Jersey: Rutgers University-Newark
> City: Newark
> Acceptance rate: 64.2%
> Undergraduate enrollment: 8,122
> Avg. annual cost of attendance: $24,719
> Employment rate 10 yrs. after enrollment: 91.6%
> Typical earnings 10 yrs. after enrollment: $57,900
See all stories featuring: New Jersey
31. New Mexico: New Mexico State University-Main Campus
> City: Las Cruces
> Acceptance rate: 63.8%
> Undergraduate enrollment: 11,173
> Avg. annual cost of attendance: $17,124
> Employment rate 10 yrs. after enrollment: 83.9%
> Typical earnings 10 yrs. after enrollment: $34,600
See all stories featuring: New Mexico
[in-text-ad]
32. New York: SUNY Maritime College
> City: Throggs Neck
> Acceptance rate: 69.5%
> Undergraduate enrollment: 1,633
> Avg. annual cost of attendance: $24,388
> Employment rate 10 yrs. after enrollment: 92.7%
> Typical earnings 10 yrs. after enrollment: $82,800
See all stories featuring: New York
33. North Carolina: North Carolina State University at Raleigh
> City: Raleigh
> Acceptance rate: 51.4%
> Undergraduate enrollment: 22,801
> Avg. annual cost of attendance: $22,844
> Employment rate 10 yrs. after enrollment: 91.9%
> Typical earnings 10 yrs. after enrollment: $52,500
See all stories featuring: North Carolina
34. North Dakota: North Dakota State University-Main Campus
> City: Fargo
> Acceptance rate: 91.6%
> Undergraduate enrollment: 11,687
> Avg. annual cost of attendance: $19,874
> Employment rate 10 yrs. after enrollment: 93.9%
> Typical earnings 10 yrs. after enrollment: $48,200
See all stories featuring: North Dakota
[in-text-ad-2]
35. Ohio: Miami University-Hamilton
> City: Hamilton
> Acceptance rate: N/A
> Undergraduate enrollment: 2,545
> Avg. annual cost of attendance: $13,463
> Employment rate 10 yrs. after enrollment: 90.1%
> Typical earnings 10 yrs. after enrollment: $47,100
See all stories featuring: Ohio
36. Oklahoma: Northwestern Oklahoma State University
> City: Alva
> Acceptance rate: 83.0%
> Undergraduate enrollment: 1,735
> Avg. annual cost of attendance: $15,057
> Employment rate 10 yrs. after enrollment: 86.3%
> Typical earnings 10 yrs. after enrollment: $36,400
See all stories featuring: Oklahoma
[in-text-ad]
37. Oregon: Oregon Institute of Technology
> City: Klamath Falls
> Acceptance rate: 61.4%
> Undergraduate enrollment: 3,543
> Avg. annual cost of attendance: $22,466
> Employment rate 10 yrs. after enrollment: 88.9%
> Typical earnings 10 yrs. after enrollment: $56,600
See all stories featuring: Oregon
38. Pennsylvania: Pennsylvania State University-Penn State Abington
> City: Abington
> Acceptance rate: 85.2%
> Undergraduate enrollment: 3,674
> Avg. annual cost of attendance: $23,536
> Employment rate 10 yrs. after enrollment: 92.0%
> Typical earnings 10 yrs. after enrollment: $50,100
See all stories featuring: Pennsylvania
39. Rhode Island: Rhode Island College
> City: Providence
> Acceptance rate: 73.6%
> Undergraduate enrollment: 6,900
> Avg. annual cost of attendance: $15,726
> Employment rate 10 yrs. after enrollment: 92.7%
> Typical earnings 10 yrs. after enrollment: $41,400
See all stories featuring: Rhode Island
[in-text-ad-2]
40. South Carolina: Citadel Military College of South Carolina
> City: Charleston
> Acceptance rate: 81.1%
> Undergraduate enrollment: 2,814
> Avg. annual cost of attendance: $27,838
> Employment rate 10 yrs. after enrollment: 94.3%
> Typical earnings 10 yrs. after enrollment: $56,800
See all stories featuring: South Carolina
41. South Dakota: South Dakota School of Mines and Technology
> City: Rapid City
> Acceptance rate: 83.4%
> Undergraduate enrollment: 2,295
> Avg. annual cost of attendance: $23,835
> Employment rate 10 yrs. after enrollment: 91.0%
> Typical earnings 10 yrs. after enrollment: $56,500
See all stories featuring: South Dakota
[in-text-ad]
42. Tennessee: The University of Tennessee-Martin
> City: Martin
> Acceptance rate: 61.5%
> Undergraduate enrollment: 5,522
> Avg. annual cost of attendance: $19,666
> Employment rate 10 yrs. after enrollment: 88.6%
> Typical earnings 10 yrs. after enrollment: $36,200
See all stories featuring: Tennessee
43. Texas: The University of Texas at Austin
> City: Austin
> Acceptance rate: 36.5%
> Undergraduate enrollment: 39,965
> Avg. annual cost of attendance: $24,933
> Employment rate 10 yrs. after enrollment: 91.8%
> Typical earnings 10 yrs. after enrollment: $58,200
See all stories featuring: Texas
44. Utah: Weber State University
> City: Ogden
> Acceptance rate: N/A
> Undergraduate enrollment: 16,947
> Avg. annual cost of attendance: $15,054
> Employment rate 10 yrs. after enrollment: 84.4%
> Typical earnings 10 yrs. after enrollment: $44,500
See all stories featuring: Utah
[in-text-ad-2]
45. Vermont: Castleton University
> City: Castleton
> Acceptance rate: 81.5%
> Undergraduate enrollment: 1,757
> Avg. annual cost of attendance: $23,173
> Employment rate 10 yrs. after enrollment: 94.7%
> Typical earnings 10 yrs. after enrollment: $37,900
See all stories featuring: Vermont
46. Virginia: James Madison University
> City: Harrisonburg
> Acceptance rate: 75.2%
> Undergraduate enrollment: 19,666
> Avg. annual cost of attendance: $24,750
> Employment rate 10 yrs. after enrollment: 94.3%
> Typical earnings 10 yrs. after enrollment: $56,600
See all stories featuring: Virginia
[in-text-ad]
47. Washington: University of Washington-Tacoma Campus
> City: Tacoma
> Acceptance rate: 83.9%
> Undergraduate enrollment: 4,412
> Avg. annual cost of attendance: $19,708
> Employment rate 10 yrs. after enrollment: 89.2%
> Typical earnings 10 yrs. after enrollment: $57,700
See all stories featuring: Washington
24/7 Wall St.
48. West Virginia: West Virginia University
> City: Morgantown
> Acceptance rate: 71.9%
> Undergraduate enrollment: 21,703
> Avg. annual cost of attendance: $20,702
> Employment rate 10 yrs. after enrollment: 91.0%
> Typical earnings 10 yrs. after enrollment: $45,800
See all stories featuring: West Virginia
49. Wisconsin: University of Wisconsin
> City: La Crosse
> Acceptance rate: 73.4%
> Undergraduate enrollment: 9,436
> Avg. annual cost of attendance: $17,235
> Employment rate 10 yrs. after enrollment: 94.7%
> Typical earnings 10 yrs. after enrollment: $48,000
See all stories featuring: Wisconsin
[in-text-ad-2]
50. Wyoming: University of Wyoming
> City: Laramie
> Acceptance rate: 96.8%
> Undergraduate enrollment: 9,623
> Avg. annual cost of attendance: $19,615
> Employment rate 10 yrs. after enrollment: 88.6%
> Typical earnings 10 yrs. after enrollment: $47,300
See all stories featuring: Wyoming
Methodology
To determine the most affordable colleges with the best outcomes in every state, 24/7 Wall St. constructed an index of seven measures. To measure the affordability of a college, we included: 1) average annual net price; 2) average cost of attendance; and 3) percentage of students who have made progress paying their student loans. To evaluate the outcomes of graduates of each college, we included: 4) employment rates for graduates six years after the first year of enrollment; 5) employment rates for graduates 10 years after the first year of enrollment; 6) median earnings for graduates six years after the first year of enrollment; and 7) median earnings for graduates 10 years after the first year of enrollment. We reviewed data for over 6,000 bachelor-degree granting institutions. All data are from the U.S. Department of Education College Scorecard program and are for the most recent period available.
1. Data on the average net price — which is the average yearly price of attending a school (tuition plus living expenses) for first-time, full-time undergraduates after financial aid — for students who receive financial aid in the 2016-17 academic year was included in the index at full weight.
2. Data on the average cost of attendance, which does not account for financial aid, for all students in the 2016-17 academic year was included in the index at full weight.
3. Data on the percentage of students who left school with federal loans in the 2011-12 academic year who are not in default on their loans and who have put some money toward the initial loan balance within five years of entering repayment was included in the index at full weight.
4. Data on the percentage of individuals who entered university in the 2008-09 academic year and were employed six years later was included in the index at half weight.
5. Data on the percentage of individuals who entered university in the 2004-05 academic year and were employed 10 years later was included in the index at half weight.
6. Data on the median earnings of individuals who entered university in the 2008-09 academic year and were employed six years later was included in the index at half weight.
7. Data on the median earnings of individuals who entered university in the 2004-05 academic year and were employed 10 years later was included in the index at half weight.
Only universities that primarily grant bachelor’s degrees and have at least 1,500 undergraduates enrolled as of fall 2017 were considered. Data on acceptance rates are also from the Department of Education and are for fall 2017.
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
