Brown University offers best value, says SmartAsset

PROVIDENCE – Brown University has the best value in Rhode Island, according to SmartAsset, a financial-technology company.

The Ivy League school was singled out for its performance in categories that included scholarships provided, average starting salary, tuition, student living costs and retention rate.

The average starting salary for Brown, at $57,100, is higher than the eight other schools on the list, but it also has the most expensive tuition at $45,612 annually. Brown also offers the largest amount of scholarships and grants at $35,235, and its student retention rate is highest at 98 percent, putting its college education value index at 68.5 out of 100.

Coming in second was the University of Rhode Island, with a score of 54.01 on the index. URI graduates have an average starting salary of $48,700, and in-state tuition averages $12,450 annually. The student retention rate is 82 percent and average scholarships and grants total nearly $10,000.

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Other Rhode Island schools ranked as follows: Providence College, third; Bryant University, fourth; Rhode Island College, fifth; Salve Regina University, sixth; Rhode Island School of Design, seventh; Roger Williams University, eighth; Johnson & Wales University, ninth.

Information was lacking for New England Institute of Technology and the Community College of Rhode Island. •

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