2022 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income Over $110k) in New Jersey
It’s not easy to decide which college to attend when there so many options available for students. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k” 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.
Across New Jersey, there were 963 mechanical engineering graduates with average earnings and debt of $61,383 and $23,574 respectively. At the bachelor’s degree level specifically, there were 725 mechanical engineering graduates with average earnings and debt of $39,288 and $24,807 respectively.
This year’s “Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k” ranking analyzed 6 colleges that offered a degree in mechanical engineering. The schools that top this list are recognized because they have great mechanical engineering programs and 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. For more information, check out our ranking methodology.
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The me school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k”.
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Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k
The colleges and universities below are the best for new jersey bachelor’s degree me students whose families make more than $110k.
Top 6 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income Over $110k) in New Jersey
Out of the 6 schools in the Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k that were part of this year’s ranking, New Jersey Institute of Technology landed the #1 spot on the list. This fairly large school is located in Newark, New Jersey, and it awarded 195 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at NJIT, the school also landed the #4 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. It costs about $19,706 for new jersey bachelor’s degree me students whose families make more than $110k per year to attend NJIT.
The school has an impressive student loan default rate. It’s only 4.9%, 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 89%.
Read full report on Mechanical Engineering at New Jersey Institute of Technology
You’ll be in good company if you decide to attend Princeton University. It ranked #2 on our 2022 Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k list. This medium-sized school is located in Princeton, New Jersey, and it awarded 52 bachelors’s ME degrees in 2019-2020.
Princeton not only placed well in this ranking. It is also #1 on our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” list. The estimated yearly cost for Princeton is $11,317 for new jersey bachelor’s degree me students whose families make more than $110k.
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. 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%.
You’ll be in good company if you decide to attend Rutgers University - New Brunswick. It ranked #3 on our 2022 Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k list. Rutgers University - New Brunswick is located in New Brunswick, New Jersey and, has a large student population. In 2019-2020, this school awarded 203 bachelors’s ME degrees to qualified students.
Rutgers New Brunswick also took the #3 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. It costs about $21,654 for New Jersey Bachelor’s Degree ME students whose families make more than $110k per year to attend Rutgers University - New Brunswick.
The low student loan default rate of 3.6% 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.
Read more about Mechanical Engineering at Rutgers University - New Brunswick
You’ll join some of the best and brightest minds around if you attend The College of New Jersey. The school came in at #4 for the Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k. This medium-sized school is located in Ewing, New Jersey, and it awarded 33 bachelors’s ME degrees in 2019-2020.
In addition to being on our new jersey bachelor’s degree me students whose families make more than $110k list, TCNJ has also earned the #5 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. The estimated yearly cost for The College of New Jersey is $27,541 for New Jersey Bachelor’s Degree ME students whose families make more than $110k.
The school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Out of the 6 schools in the Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k that were part of this year’s ranking, Rowan University landed the #5 spot on the list. Glassboro, New Jersey is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s ME degrees to 101 students in 2019-2020.
Rowan also took the #6 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. The estimated yearly cost for Rowan is $25,454 for New Jersey Bachelor’s Degree ME students whose families make more than $110k.
Stevens Institute of Technology did quite well in the 2022 Best Vallue ME Schools for a Bachelor’s in New Jersey For Those Making Over $110k ranking, coming in at #6. Stevens is located in Hoboken, New Jersey and, has a medium-sized student population. In 2019-2020, this school awarded 141 bachelors’s ME degrees to qualified students.
Stevens not only placed well in this ranking. It is also #2 on our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” list. It costs about $37,588 for New Jersey Bachelor’s Degree ME students whose families make more than $110k per year to attend Stevens.
Students who start out at the school are likely to stick around. The freshman retention rate is 93%. 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%.
Read full report on Mechanical Engineering at Stevens Institute of Technology
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Best Value Bachelor's Degree Colleges for Mechanical Engineering (Income Over $110k) in New Jersey
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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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