2022 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $0-$30k)
When pursuing a degree in today’s world, students have many different options to choose from. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value ME Schools for a Bachelor’s For Those Making $0-$30k” ranking.
Mechanical Engineering is the 20th most popular major in the country with 47,598 degrees awarded in 2019-2020. In 2017-2018, mechanical engineering graduates who were awarded their degree in 2015-2017, earned an average of $64,495 and had an average of $23,104 in loans still to pay off.
At the bachelor’s degree level specifically, there were 37,951 mechanical engineering graduates with average earnings and debt of $38,303 and $24,501 respectively.
This year’s “Best Value ME Schools for a Bachelor’s For Those Making $0-$30k” ranking looked at 323 colleges that offer degrees in a bachelor’s in mechanical engineering. This ranking identifies schools with high-quality mechanical engineering programs that also have a lower cost than schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the mechanical engineering program at the school and the cost of the school after aid is awarded among other things. Check out our ranking methodology for more information.
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When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value ME Schools for a Bachelor’s For Those Making $0-$30k” list to help you make the college decision.
You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value ME Schools for a Bachelor’s For Those Making $0-$30k
The following schools top our list of the Best Best Value ME Schools for a Bachelor’s For Those Making $0-$30k.
Top 25 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $0-$30k)
You’ll be in good company if you decide to attend Olin College. It ranked #1 on our 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. Olin College is a small private not-for-profit school situated in Needham, Massachusetts. It awarded 36 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at Olin College, the school also landed the #1 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Olin College is $845 for bachelor’s degree me students whose families make $0-$30k.
Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Out of the 323 schools in the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k that were part of this year’s ranking, Duke University landed the #2 spot on the list. Duke is a fairly large school located in Durham, North Carolina that handed out 91 bachelors’s ME degrees in 2019-2020.
Duke also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #4. It costs about $-7,808 for bachelor’s degree me students whose families make $0-$30k per year to attend Duke. When an average net price is negative, it usually means that the student will receive more financial aid than it costs to attend the school.
The school has an impressive student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%. Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.
You’ll join some of the best and brightest minds around if you attend Stanford University. The school came in at #3 for the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k. Stanford University is a fairly large school located in Stanford, California that handed out 54 bachelors’s ME degrees in 2019-2020.
Stanford also took the #5 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Stanford University is $-1,387 for Bachelor’s Degree ME students whose families make $0-$30k. A negative average net price may seem strange, but it generally means that financial aid will more than cover the cost to attend the school.
The low student loan default rate of 0.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a student-to-faculty ratio of 4 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. Students who start out at the school are likely to stick around. The freshman retention rate is 86%.
You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #4 for the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k. Northwestern is located in Evanston, Illinois and, has a large student population. In 2019-2020, this school awarded 67 bachelors’s ME degrees to qualified students.
Northwestern also took the #9 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It costs about $1,866 for Bachelor’s Degree ME students whose families make $0-$30k per year to attend Northwestern.
Students who start out at the school are likely to stick around. The freshman retention rate is 97%. Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. The low student loan default rate of 0.8% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Mechanical Engineering at Northwestern University
You’ll join some of the best and brightest minds around if you attend Princeton University. The school came in at #5 for the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k. This medium-sized school is located in Princeton, New Jersey, and it awarded 52 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at Princeton, the school also landed the #3 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It costs about $1,386 for bachelor’s degree me students whose families make $0-$30k per year to attend Princeton.
The school has an impressive student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%. The student-to-faculty ratio of 4 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
University of Pennsylvania came in at #6 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. This large school is located in Philadelphia, Pennsylvania, and it awarded 60 bachelors’s ME degrees in 2019-2020.
UPenn also took the #8 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It costs about $3,181 for bachelor’s degree me students whose families make $0-$30k per year to attend University of Pennsylvania.
The student loan default rate at the school is 1.4%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students. The impressive student-to-faculty ratio of 6 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Read more about Mechanical Engineering at University of Pennsylvania
California Institute of Technology ranked #7 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. Pasadena, California is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 15 students in 2019-2020.
As a testament to the quality of education offered at Caltech, the school also landed the #16 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for California Institute of Technology is $5,456 for bachelor’s degree me students whose families make $0-$30k.
The low student loan default rate of 1.0% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%. The impressive student-to-faculty ratio of 3 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Read more about Mechanical Engineering at California Institute of Technology
Washington University in St Louis landed the #8 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. This fairly large school is located in Saint Louis, Missouri, and it awarded 104 bachelors’s ME degrees in 2019-2020.
WUSTL also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #11. It costs about $5,273 for Bachelor’s Degree ME students whose families make $0-$30k per year to attend Washington University in St Louis.
The low student loan default rate of 1.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. Since the school has a student-to-faculty ratio of 7 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
Massachusetts Institute of Technology landed the #9 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. MIT is a fairly large private not-for-profit school situated in Cambridge, Massachusetts. It awarded 147 bachelors’s ME degrees in 2019-2020.
MIT did well in our major quality rankings, too. It placed #2 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Massachusetts Institute of Technology is $4,535 for bachelor’s degree me students whose families make $0-$30k.
With a freshman retention rate of 98%, the school does an excellent job of retaining its students. The impressive student-to-faculty ratio of 3 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The low student loan default rate of 1.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read full report on Mechanical Engineering at Massachusetts Institute of Technology
University of Michigan - Ann Arbor came in at #10 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. This large school is located in Ann Arbor, Michigan, and it awarded 289 bachelors’s ME degrees in 2019-2020.
U-M also took the #10 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for U-M is $3,166 for Bachelor’s Degree ME students whose families make $0-$30k.
The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year.
University of Florida ranked #11 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. Located in Gainesville, Florida, this large public school handed out 320 diplomas to qualified bachelors’s ME students in 2019-2020.
On top of its placing in this ranking, UF also did well on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools reviewed in that analysis. The estimated yearly cost for University of Florida is $1,994 for bachelor’s degree me students whose families make $0-$30k.
The low student loan default rate of 2.0% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year.
With a ranking of #12, Johns Hopkins University did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. Johns Hopkins is a private not-for-profit institution located in Baltimore, Maryland. The school has a large population, and it awarded 40 bachelors’s degrees in 2019-2020.
Johns Hopkins did well in our major quality rankings, too. It placed #24 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $3,526 for Bachelor’s Degree ME students whose families make $0-$30k per year to attend Johns Hopkins University.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The low student loan default rate of 1.3% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read more about Mechanical Engineering at Johns Hopkins University
Vanderbilt University ranked #13 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. Nashville, Tennessee is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 49 students in 2019-2020.
Vanderbilt also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #15. It costs about $3,156 for bachelor’s degree me students whose families make $0-$30k per year to attend Vanderbilt.
The impressive student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an impressive student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year.
Read full report on Mechanical Engineering at Vanderbilt University
Harvard University did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #14. Harvard University is a private not-for-profit institution located in Cambridge, Massachusetts. The school has a large population, and it awarded 19 bachelors’s degrees in 2019-2020.
Harvard not only placed well in this ranking. It is also #22 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $2,973 for Bachelor’s Degree ME students whose families make $0-$30k per year to attend Harvard.
Since the school has a student-to-faculty ratio of 5 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an impressive student loan default rate. It’s only 1.1%, which is much lower than the national rate of 10.1%.
Cornell University came in at #15 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. Located in Ithaca, New York, this large private not-for-profit school awarded 156 diplomas to qualified bachelors’s ME students in 2019-2020.
Cornell did well in our major quality rankings, too. It placed #6 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Cornell is $7,484 for Bachelor’s Degree ME students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 1.1%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Rice University came in at #16 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. This medium-sized school is located in Houston, Texas, and it awarded 39 bachelors’s ME degrees in 2019-2020.
Rice also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #21. The yearly cost to attend Rice is $3,437 for bachelor’s degree me students whose families make $0-$30k.
Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an impressive student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year.
University of Wisconsin - Madison came in at #17 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. University of Wisconsin - Madison is a large public school situated in Madison, Wisconsin. It awarded 190 bachelors’s ME degrees in 2019-2020.
UW - Madison also claimed a top spot on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools in this category. It costs about $4,367 for Bachelor’s Degree ME students whose families make $0-$30k per year to attend University of Wisconsin - Madison.
The school has an impressive student loan default rate. It’s only 0.8%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 95%.
With a ranking of #18, University of Illinois at Urbana-Champaign did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. University of Illinois at Urbana-Champaign is a large public school situated in Champaign, Illinois. It awarded 179 bachelors’s ME degrees in 2019-2020.
UIUC also claimed a top spot on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools reviewed in that analysis. The yearly cost to attend University of Illinois at Urbana-Champaign is $5,477 for Bachelor’s Degree ME students whose families make $0-$30k.
The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. The low student loan default rate of 2.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Purdue University - Main Campus came in at #19 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. Purdue University - Main Campus is located in West Lafayette, Indiana and, has a large student population. In 2019-2020, this school awarded 376 bachelors’s ME degrees to qualified students.
Purdue also claimed a top spot on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools reviewed in that analysis. The estimated yearly cost for Purdue University - Main Campus is $5,483 for bachelor’s degree me students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 2.2%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.
Read more about Mechanical Engineering at Purdue University - Main Campus
Michigan Technological University did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #20. Michigan Tech is located in Houghton, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 283 bachelors’s ME degrees to qualified students.
Michigan Tech excels when it comes to ME quality. It’s in the top 15% of all schools in this category. It costs about $8,295 for bachelor’s degree me students whose families make $0-$30k per year to attend Michigan Tech.
With a freshman retention rate of 86%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 2.3%, which is much lower than the national rate of 10.1%.
University of Notre Dame ranked #21 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. University of Notre Dame is located in Notre Dame, Indiana and, has a fairly large student population. In 2019-2020, this school awarded 119 bachelors’s ME degrees to qualified students.
Notre Dame not only placed well in this ranking. It is also #7 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend University of Notre Dame is $12,498 for bachelor’s degree me students whose families make $0-$30k.
The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an impressive student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 97%, the school does an excellent job of retaining its students.
Read more about Mechanical Engineering at University of Notre Dame
University of Maryland - College Park came in at #22 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. College Park, Maryland is the setting for this large institution of higher learning. The public school handed out bachelors’s ME degrees to 336 students in 2019-2020.
UMCP also claimed a top spot on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools reviewed in that analysis. The yearly cost to attend University of Maryland - College Park is $8,054 for Bachelor’s Degree ME students whose families make $0-$30k.
The low student loan default rate of 2.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.
Full University of Maryland - College Park Mechanical Engineering Report
University of California - Berkeley did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #23. Located in Berkeley, California, this large public school awarded 177 degrees to qualified bachelors’s ME students in 2019-2020.
UC Berkeley also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #13. It costs about $8,392 for bachelor’s degree me students whose families make $0-$30k per year to attend University of California - Berkeley.
With a freshman retention rate of 96%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.7%, which is much lower than the national rate of 10.1%.
Georgia Institute of Technology - Main Campus ranked #24 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $0-$30k list. Located in Atlanta, Georgia, this large public school handed out 572 diplomas to qualified bachelors’s ME students in 2019-2020.
Georgia Tech also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #12. The yearly cost to attend Georgia Institute of Technology - Main Campus is $9,162 for bachelor’s degree me students whose families make $0-$30k.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The low student loan default rate of 1.3% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Full Georgia Institute of Technology - Main Campus Mechanical Engineering Report
University of Washington - Seattle Campus landed the #25 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $0-$30k ranking. UW Seattle is a large public school situated in Seattle, Washington. It awarded 124 bachelors’s ME degrees in 2019-2020.
The yearly cost to attend UW Seattle is $7,850 for bachelor’s degree me students whose families make $0-$30k.
The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year. The low student loan default rate of 2.2% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Mechanical Engineering at University of Washington - Seattle Campus
Rest of the Best 49 in Best Value ME Schools for a Bachelor’s For Those Making $0-$30k
Not only did these schools make the top 49 list, but they also landed in the top 15% of this year’s ranking:
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
Credits
- Credit for the banner image above goes to Michel Villeneuve.
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