A memo to Michigan 's House Appropriations Subcommittee on Higher Education indicates that students at Michigan 's public universities are graduating at a rate higher than the national rate. Students at the University of Michigan had the highest rate in the state, at 67.2 percent. Michigan State and Michigan Tech had the second and third best rates, respectively. Wayne State came in last place, with four-, five- and six-year rankings of 7 percent, 21.4 percent and 31.7 percent, respectively.