2022 Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k
It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k” ranking as one item you can use to help make this decision.
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.
Across Minnesota, there were 650 mechanical engineering graduates with average earnings and debt of $65,350 and $22,448 respectively. At the bachelor’s degree level specifically, there were 526 mechanical engineering graduates with average earnings and debt of $40,526 and $26,035 respectively.
For this year’s “Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k” ranking, we looked at 6 colleges that offer a degree in mechanical engineering. Not only do the schools that top this list have excellent mechanical engineering programs, but they also cost less that 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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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k” ranking, along with many other major-related rankings, to help you make that decision.
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Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k
The following schools top our list of the Best Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k.
Top 6 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $48-$75k) in Minnesota
Out of the 6 schools in the Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k that were part of this year’s ranking, University of Minnesota - Twin Cities landed the #1 spot on the list. Located in Minneapolis, Minnesota, this large public school handed out 205 degrees to qualified bachelors’s ME students in 2019-2020.
UMN Twin Cities also took the #1 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in Minnesota” ranking. It costs about $12,556 for Minnesota Bachelor’s Degree ME students whose families make $48-$75k per year to attend University of Minnesota - Twin Cities.
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 Minnesota - Duluth. It ranked #2 on our 2022 Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. University of Minnesota - Duluth is a public institution located in Duluth, Minnesota. The school has a fairly large population, and it awarded 125 bachelors’s degrees in 2019-2020.
UMN Duluth not only placed well in this ranking. It is also #3 on our “Best Mechanical Engineering Bachelor’s Degree Schools in Minnesota” list. It costs about $12,438 for minnesota bachelor’s degree me students whose families make $48-$75k per year to attend UMN Duluth.
The low student loan default rate of 3.1% 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%.
Out of the 6 schools in the Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k that were part of this year’s ranking, Saint Cloud State University landed the #3 spot on the list. Located in Saint Cloud, Minnesota, this fairly large public school awarded 42 diplomas to qualified bachelors’s ME students in 2019-2020.
St. Cloud State University also took the #6 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for St. Cloud State University is $13,373 for minnesota bachelor’s degree me students whose families make $48-$75k.
Read more about Mechanical Engineering at Saint Cloud State University
You’ll be in good company if you decide to attend Minnesota State University - Mankato. It ranked #4 on our 2022 Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. Minnesota State Mankato is a public institution located in Mankato, Minnesota. The school has a fairly large population, and it awarded 39 bachelors’s degrees in 2019-2020.
In addition to being on our minnesota bachelor’s degree me students whose families make $48-$75k list, Minnesota State Mankato has also earned the #5 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Minnesota State Mankato is $14,451 for minnesota bachelor’s degree me students whose families make $48-$75k.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Mechanical Engineering at Minnesota State Mankato
You’ll join some of the best and brightest minds around if you attend Dunwoody College of Technology. The school came in at #5 for the Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k. Minneapolis, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 13 students in 2019-2020.
In addition to being on our minnesota bachelor’s degree me students whose families make $48-$75k list, Dunwoody College of Technology has also earned the #4 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Dunwoody College of Technology is $24,772 for Minnesota 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.
Read full report on Mechanical Engineering at Dunwoody College of Technology
With a ranking of #6, University of St Thomas Minnesota did quite well on the 2022 Best Value ME Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. University of St Thomas Minnesota is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a medium-sized population, and it awarded 102 bachelors’s degrees in 2019-2020.
UST MN also made our “Best Mechanical Engineering Bachelor’s Degree Schools in Minnesota” list, coming in at #2. The yearly cost to attend UST MN is $26,172 for Minnesota Bachelor’s Degree ME students whose families make $48-$75k.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The low student loan default rate of 2.1% 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%.
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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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