Before selecting a college, it’s important to evaluate the costs and benefits of each option. Massachusetts is home to some of the most well-known colleges and universities in the world, but many cost over $20,000 to attend. Payscale.com released a list of the best value colleges in Massachusetts, based on total 4-year costs, graduation rates, typical years to graduate, average loan amount and median pay.

Parents can plan ahead for college costs by investing in a 529 plan. 529 plans offer tax-deferred investment growth and tax-free distributions when the funds are used to pay for qualified education expenses at an eligible post-secondary education institution. This includes public and private colleges and universities nationwide, and many foreign schools.

Massachusetts residents can open a 529 plan in almost any state, but Massachusetts offers special incentives for residents who use a Massachusetts 529 plan. Massachusetts residents may be eligible to deduct contributions to MEFA’s U.Fund from state taxable income ($1,000 per individual, $2,000 if married filing jointly). MEFA U.Fund accounts that are opened for babies and newly adopted children in Massachusetts are eligible for a $50 seed contribution through the BabySteps Saving Plan.

Families can open a MEFA U. Fund account online or by clicking the enroll now button.

10. Wentworth Institute of Technology

20 Year Net ROI

$535,000

Total 4-Year Cost

$200,000

Graduation Rate

65%

Average Student Loan Amount

$40,600

 Enroll in MEFA’s U.Fund and start saving for Wentworth Institute of Technology today!

9. Williams College

20 Year Net ROI

$559,000

Total 4-Year Cost

$261,000

Graduation Rate

94%

Average Student Loan Amount

$19,800

Enroll in MEFA’s U.Fund and start saving for William’s College today!

8. University of Massachusetts – Lowell (In-state)

20 Year Net ROI

$573,000

Total 4-Year Cost

$108,000

Graduation Rate

56%

Average Student Loan Amount

$28,900

Enroll in MEFA’s U.Fund and start saving for the University of Massachusetts today!

7. MCPHS University

20 Year Net ROI

$583,000

Total 4-Year Cost

$196,000

Graduation Rate

78%

Average Student Loan Amount

$60,300

Enroll in MEFA’s U.Fund and start saving for MCPHS University today!

6. Bentley University

20 Year Net ROI

$598,000

Total 4-Year Cost

$240,000

Graduation Rate

89%

Average Student Loan Amount

$34,200

 Enroll in MEFA’s U.Fund and start saving for Bentley University today!

5. Harvard University

20 Year Net ROI

$760,000

Total 4-Year Cost

$254,000

Graduation Rate

97%

Average Student Loan Amount

$27,400

Enroll in MEFA’s U.Fund and start saving for Harvard University today!

4. Worcester Polytechnic Institute

20 Year Net ROI

$777,000

Total 4-Year Cost

$242,000

Graduation Rate

86%

Average Student Loan Amount

$44,400

Enroll in MEFA’s U.Fund and start saving for Worcester Polytechnic Institute

today!

3. Massachusetts Maritime Academy (In-state)

20 Year Net ROI

$783,000

Total 4-Year Cost

$92,200

Graduation Rate

76%

Average Student Loan Amount

$30,700

Enroll in MEFA’s U.Fund and start saving for Massachusetts Maritime Academy

today!

2. Babson College

20 Year Net ROI

$793,000

Total 4-Year Cost

$254,000

Graduation Rate

91%

Average Student Loan Amount

$32,100

Enroll in MEFA’s U.Fund and start saving for Babson College

today!

1. Massachusetts Institute of Technology

20 Year Net ROI

$1,015,000

Total 4-Year Cost

$249,000

Graduation Rate

93%

Average Student Loan Amount

$30,200

Enroll in MEFA’s U.Fund and start saving for the Massachusetts Institute of Technology

today!