2022 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $48-$75k) in Indiana
When pursuing a degree in today’s world, students have many different options to choose from. College Factual has developed its “Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k” ranking as one item you can use to help make this decision.
In 2019-2020, 47,598 people earned their degree in mechanical engineering, making the major the 20th most popular in the United States. 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.
Across Indiana, there were 1,384 mechanical engineering graduates with average earnings and debt of $65,750 and $23,400 respectively. At the bachelor’s degree level specifically, there were 1,064 mechanical engineering graduates with average earnings and debt of $39,620 and $24,786 respectively.
This year’s “Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k” ranking analyzed 11 colleges that offered a degree in mechanical engineering. This ranking identifies schools with high-quality mechanical engineering programs that also have a lower cost than schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the mechanical engineering program at the school and the cost to attend the school once aid has been awarded. See our ranking methodology to learn more.
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One Size Does Not Fit All
Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k” list, to help you choose the best school for you.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.
Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k
The following schools top our list of the Best Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k.
Top 11 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $48-$75k) in Indiana
Out of the 11 schools in the Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k that were part of this year’s ranking, Purdue University - Main Campus landed the #1 spot on the list. Located in West Lafayette, Indiana, this large public school awarded 376 degrees to qualified bachelors’s ME students in 2019-2020.
Purdue also made our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” list, coming in at #3. The yearly cost to attend Purdue is $9,654 for indiana bachelor’s degree me students whose families make $48-$75k.
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%. With a freshman retention rate of 93%, the school does an excellent job of retaining its students.
You’ll be in good company if you decide to attend University of Notre Dame. It ranked #2 on our 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k 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.
In addition to being on our indiana bachelor’s degree me students whose families make $48-$75k list, Notre Dame has also earned the #1 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” ranking. It costs about $17,768 for indiana bachelor’s degree me students whose families make $48-$75k per year to attend University of Notre Dame.
The student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%. With a student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read full report on Mechanical Engineering at University of Notre Dame
You’ll be in good company if you decide to attend Purdue University Northwest. It ranked #3 on our 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k list. Hammond, Indiana is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s ME degrees to 62 students in 2019-2020.
Purdue Northwest not only placed well in this ranking. It is also #6 on our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” list. It costs about $13,449 for Indiana Bachelor’s Degree ME students whose families make $48-$75k per year to attend Purdue Northwest.
You’ll be in good company if you decide to attend Indiana University - Purdue University - Indianapolis. It ranked #4 on our 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k list. This large school is located in Indianapolis, Indiana, and it awarded 175 bachelors’s ME degrees in 2019-2020.
IUPUI also made our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” list, coming in at #7. The yearly cost to attend IUPUI is $12,314 for indiana bachelor’s degree me students whose families make $48-$75k.
You’ll be in good company if you decide to attend University of Southern Indiana. It ranked #5 on our 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k list. Located in Evansville, Indiana, this fairly large public school handed out 26 diplomas to qualified bachelors’s ME students in 2019-2020.
USI not only placed well in this ranking. It is also #9 on our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” list. It costs about $14,686 for indiana bachelor’s degree me students whose families make $48-$75k per year to attend University of Southern Indiana.
The school has an impressive student loan default rate. It’s only 5.0%, which is much lower than the national rate of 10.1%.
Read full report on Mechanical Engineering at University of Southern Indiana
With a ranking of #6, Purdue University Fort Wayne did quite well on the 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k list. Located in Fort Wayne, Indiana, this medium-sized public school awarded 18 diplomas to qualified bachelors’s ME students in 2019-2020.
PFW also made our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” list, coming in at #11. It costs about $12,023 for Indiana Bachelor’s Degree ME students whose families make $48-$75k per year to attend Purdue University Fort Wayne.
Valparaiso University landed the #7 spot on the 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k ranking. Valparaiso University is a small school located in Valparaiso, Indiana that handed out 53 bachelors’s ME degrees in 2019-2020.
Valpo also took the #4 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” ranking. The yearly cost to attend Valparaiso University is $17,661 for indiana bachelor’s degree me students whose families make $48-$75k.
The low student loan default rate of 2.9% 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 Valparaiso University
University of Evansville did quite well in the 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k ranking, coming in at #8. Evansville, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 16 students in 2019-2020.
In addition to being on our indiana bachelor’s degree me students whose families make $48-$75k list, UE has also earned the #5 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” ranking. The yearly cost to attend UE is $18,455 for indiana bachelor’s degree me students whose families make $48-$75k.
The low student loan default rate of 3.3% 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%. The impressive student-to-faculty ratio of 10 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 excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
Read full report on Mechanical Engineering at University of Evansville
Trine University ranked #9 on this year’s Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k list. Trine University is located in Angola, Indiana and, has a small student population. In 2019-2020, this school awarded 41 bachelors’s ME degrees to qualified students.
As a testament to the quality of education offered at Trine, the school also landed the #8 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” ranking. The yearly cost to attend Trine is $20,224 for indiana bachelor’s degree me students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 4.8%, which is much lower than the national rate of 10.1%.
With a ranking of #10, Indiana Institute of Technology did quite well on the 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k list. Indiana Tech is a small school located in Fort Wayne, Indiana that handed out 16 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at Indiana Tech, the school also landed the #10 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” ranking. It costs about $18,453 for indiana bachelor’s degree me students whose families make $48-$75k per year to attend Indiana Institute of Technology.
Rose - Hulman Institute of Technology landed the #11 spot on the 2022 Best Value ME Schools for a Bachelor’s in Indiana For Those Making $48-$75k ranking. Rose - Hulman Institute of Technology is a small school located in Terre Haute, Indiana that handed out 154 bachelors’s ME degrees in 2019-2020.
Rose - Hulman Institute of Technology not only placed well in this ranking. It is also #2 on our “Best Mechanical Engineering Bachelor’s Degree Schools in Indiana” list. The yearly cost to attend Rose - Hulman Institute of Technology is $34,599 for Indiana Bachelor’s Degree ME students whose families make $48-$75k.
Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. The student loan default rate at the school is 0.2%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 90%, the school does an excellent job of retaining its students.
Full Rose - Hulman Institute of Technology Mechanical Engineering Report
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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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