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2023 Best Value Engineering Schools For Those Making $0-$30k

354 Ranked Colleges
198,468 Degrees Awarded
$3,800 Avg Net Price*
Best Value Engineering Schools For Those Making $0-$30k

When pursuing a degree in today’s world, students have many different options to choose from. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Engineering Schools For Those Making $0-$30k” ranking - to help you make that decision.

With 198,468 degrees handed out in 2020-2021, engineering is the 7th most popular major in the United States. In 2019-2020, engineering graduates who were awarded their degree in 2017-2019, earned an average of $68,653 and had an average of $23,855 in loans still to pay off.

This year’s “Best Value Engineering Schools For Those Making $0-$30k” ranking analyzed 354 colleges that offered a degree in engineering. This ranking identifies schools with high-quality 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 engineering program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

One Size Does Not Fit All

Rankings by Degree Other Award Levels
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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 Engineering Schools For Those Making $0-$30k” list to help you make the college decision.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.

Best Value Engineering Schools For Those Making $0-$30k

The colleges and universities below are the best for engineering students whose families make $0-$30k.

Top 25 Best Value Colleges for Engineering (Income $0-$30k)

1
Duke crest
Duke University
Durham, North Carolina

You’ll join some of the best and brightest minds around if you attend Duke University. The school came in at #1 for the Best Value Engineering Schools For Those Making $0-$30k. Duke is a private not-for-profit institution located in Durham, North Carolina. The school has a fairly large population, and it awarded 689 ’s degrees in 2020-2021.

Duke not only placed well in this ranking. It is also #4 on our “Best Engineering Schools” list. The yearly cost to attend Duke University is $371 for engineering students whose families make $0-$30k.

Since the school has a undergrad student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. The undergrad student loan default rate at the school is 0.3%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students.

Read full report on Engineering at Duke

2
Stanford crest
Stanford University
Stanford, California

Out of the 354 schools in the Best Value Engineering Schools For Those Making $0-$30k that were part of this year’s ranking, Stanford University landed the #2 spot on the list. Stanford University is a fairly large school located in Stanford, California that handed out 1,121 ’s engineering degrees in 2020-2021.

Stanford also took the #2 spot in our “Best Engineering Schools” ranking. The yearly cost to attend Stanford University is $1,233 for Engineering students whose families make $0-$30k.

The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 0.5%, which is quite low when compared to the national default rate of 10.1%. Since the school has a undergrad student-to-faculty ratio of 4 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Full Stanford University Engineering Report

3
Brown crest
Brown University
Providence, Rhode Island

You’ll be in good company if you decide to attend Brown University. It ranked #3 on our 2023 Best Value Engineering Schools For Those Making $0-$30k list. Brown is a private not-for-profit institution located in Providence, Rhode Island. The school has a fairly large population, and it awarded 187 ’s degrees in 2020-2021.

In addition to being on our engineering students whose families make $0-$30k list, Brown has also earned the #10 rank in our “Best Engineering Schools” ranking. It costs about $1,468 for Engineering students whose families make $0-$30k per year to attend Brown.

The impressive undergraduate 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. Students who start out at the school are likely to stick around. The freshman retention rate is 92%. The school has an impressive undergrad student loan default rate. It’s only 0.8%, which is much lower than the national rate of 10.1%.

Full Brown University Engineering Report

4

You’ll join some of the best and brightest minds around if you attend Massachusetts Institute of Technology. The school came in at #4 for the Best Value Engineering Schools For Those Making $0-$30k. This fairly large school is located in Cambridge, Massachusetts, and it awarded 1,143 ’s engineering degrees in 2020-2021.

MIT did well in our major quality rankings, too. It placed #1 on our “Best Engineering Schools” list. The yearly cost to attend Massachusetts Institute of Technology is $5,193 for Engineering students whose families make $0-$30k.

The low undergrad student loan default rate of 0.3% 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 undergraduate student-to-faculty ratio of 3 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The school has an excellent freshman retention rate of 98%, which means students like the school well enough to return for a second year.

Read full report on Engineering at MIT

5
Harvard crest
Harvard University
Cambridge, Massachusetts

You’ll join some of the best and brightest minds around if you attend Harvard University. The school came in at #5 for the Best Value Engineering Schools For Those Making $0-$30k. This large school is located in Cambridge, Massachusetts, and it awarded 292 ’s engineering degrees in 2020-2021.

Harvard did well in our major quality rankings, too. It placed #5 on our “Best Engineering Schools” list. It costs about $2,564 for engineering students whose families make $0-$30k per year to attend Harvard.

Since the school has a undergrad student-to-faculty ratio of 5 to 1, those pursuing a degree will have more opportunities to interact with their professors. The undergrad student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%.

Full Harvard Engineering Report

6
Northwestern crest
Northwestern University
Evanston, Illinois

Northwestern University landed the #6 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. Northwestern University is a large school located in Evanston, Illinois that handed out 813 ’s engineering degrees in 2020-2021.

Northwestern not only placed well in this ranking. It is also #7 on our “Best Engineering Schools” list. The estimated yearly cost for Northwestern University is $245 for Engineering students whose families make $0-$30k.

The undergraduate student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The undergrad student loan default rate at the school is 0.6%, which is quite low when compared to the national default 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.

Read more about Engineering at Northwestern

7
Princeton crest
Princeton University
Princeton, New Jersey

Princeton University did quite well in the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking, coming in at #7. Princeton University is a medium-sized school located in Princeton, New Jersey that handed out 331 ’s engineering degrees in 2020-2021.

In addition to being on our engineering students whose families make $0-$30k list, Princeton has also earned the #13 rank in our “Best Engineering Schools” ranking. The estimated yearly cost for Princeton is $2,958 for engineering students whose families make $0-$30k.

With a undergrad student-to-faculty ratio of 4 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low undergrad student loan default rate of 0.7% 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 Engineering at Princeton

8
Olin College crest
Olin College
Needham, Massachusetts

Olin College landed the #8 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. Located in Needham, Massachusetts, this small private not-for-profit school awarded 76 degrees to qualified ’s engineering students in 2020-2021.

In addition to being on our engineering students whose families make $0-$30k list, Olin College has also earned the #20 rank in our “Best Engineering Schools” ranking. The yearly cost to attend Olin College is $2,008 for engineering students whose families make $0-$30k.

Since the school has a undergrad student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Read full report on Engineering at Olin College

9
Johns Hopkins crest
Johns Hopkins University
Baltimore, Maryland

Johns Hopkins University ranked #9 on this year’s Best Value Engineering Schools For Those Making $0-$30k list. Johns Hopkins University is a large private not-for-profit school situated in Baltimore, Maryland. It awarded 1,317 ’s engineering degrees in 2020-2021.

Johns Hopkins did well in our major quality rankings, too. It placed #8 on our “Best Engineering Schools” list. The yearly cost to attend Johns Hopkins is $2,084 for engineering students whose families make $0-$30k.

With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 1.3%, which is much lower than the national rate of 10.1%. The undergraduate student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Engineering at Johns Hopkins

10

With a ranking of #10, University of Michigan - Ann Arbor did quite well on the 2023 Best Value Engineering Schools For Those Making $0-$30k list. University of Michigan - Ann Arbor is located in Ann Arbor, Michigan and, has a large student population. In 2020-2021, this school awarded 2,789 ’s engineering degrees to qualified students.

U-M did well in our major quality rankings, too. It placed #15 on our “Best Engineering Schools” list. It costs about $2,670 for Engineering students whose families make $0-$30k per year to attend U-M.

The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. The low undergrad 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%.

Read more about Engineering at University of Michigan - Ann Arbor

11
UPenn crest
University of Pennsylvania
Philadelphia, Pennsylvania

University of Pennsylvania ranked #11 on this year’s Best Value Engineering Schools For Those Making $0-$30k list. Philadelphia, Pennsylvania is the setting for this large institution of higher learning. The private not-for-profit school handed out ’s engineering degrees to 610 students in 2020-2021.

UPenn also took the #17 spot in our “Best Engineering Schools” ranking. It costs about $580 for engineering students whose families make $0-$30k per year to attend UPenn.

With a undergrad student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low undergrad student loan default rate of 0.9% 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%. 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 Pennsylvania Engineering Report

12
Rice crest
Rice University
Houston, Texas

Rice University came in at #12 in this year’s edition of the Best Value Engineering Schools For Those Making $0-$30k ranking. Located in Houston, Texas, this medium-sized private not-for-profit school awarded 355 degrees to qualified ’s engineering students in 2020-2021.

As a testament to the quality of education offered at Rice, the school also landed the #19 spot in our “Best Engineering Schools” ranking. The estimated yearly cost for Rice is $4,443 for engineering students whose families make $0-$30k.

With a undergrad student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low undergrad student loan default rate of 0.2% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.

Full Rice University Engineering Report

13
UF crest
University of Florida
Gainesville, Florida

University of Florida landed the #13 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. Gainesville, Florida is the setting for this large institution of higher learning. The public school handed out ’s engineering degrees to 2,403 students in 2020-2021.

UF also claimed a top spot on our “Best Engineering Schools” list. It’s ranked in the top 10% of all schools on our “Best Engineering Schools” list. It costs about $65 for engineering students whose families make $0-$30k per year to attend UF.

Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The undergrad student loan default rate at the school is 1.7%, which is quite low when compared to the national default rate of 10.1%.

Read full report on Engineering at UF

14
Vanderbilt crest
Vanderbilt University
Nashville, Tennessee

Vanderbilt University did quite well in the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking, coming in at #14. Located in Nashville, Tennessee, this fairly large private not-for-profit school handed out 296 diplomas to qualified ’s engineering students in 2020-2021.

Vanderbilt excels when it comes to engineering quality. It’s in the top [COLLEGE_QUALITY_PECTENTILE_ALL_LEVES]% of all schools in this category. It costs about $3,176 for Engineering students whose families make $0-$30k per year to attend Vanderbilt.

The impressive undergraduate 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. Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The undergrad student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%.

Read full report on Engineering at Vanderbilt

15

Washington University in St Louis landed the #15 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. Washington University in St Louis is a private not-for-profit institution located in Saint Louis, Missouri. The school has a fairly large population, and it awarded 658 ’s degrees in 2020-2021.

In addition to being on our engineering students whose families make $0-$30k list, WUSTL has also earned the #16 rank in our “Best Engineering Schools” ranking. The yearly cost to attend Washington University in St Louis is $1,556 for engineering students whose families make $0-$30k.

Students who start out at the school are likely to stick around. The freshman retention rate is 94%. With a undergrad student-to-faculty ratio of 7 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low undergrad 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 Engineering at Washington University in St Louis

16

University of Wisconsin - Madison ranked #16 on this year’s Best Value Engineering Schools For Those Making $0-$30k list. University of Wisconsin - Madison is a large school located in Madison, Wisconsin that handed out 1,573 ’s engineering degrees in 2020-2021.

UW - Madison also claimed a top spot on our “Best Engineering Schools” list. It’s ranked in the top 10% of all schools on our “Best Engineering Schools” list. The yearly cost to attend University of Wisconsin - Madison is $3,981 for engineering students whose families make $0-$30k.

With a freshman retention rate of 95%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%.

Full UW - Madison Engineering Report

17
Purdue crest
Purdue University - Main Campus
West Lafayette, Indiana

Purdue University - Main Campus landed the #17 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. Located in West Lafayette, Indiana, this large public school handed out 3,177 degrees to qualified ’s engineering students in 2020-2021.

Purdue excels when it comes to engineering quality. It’s in the top 10% of all schools reviewed in that analysis. The yearly cost to attend Purdue is $5,995 for engineering students whose families make $0-$30k.

The low undergrad student loan default rate of 1.7% 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 93%, which means students like the school well enough to return for a second year.

Full Purdue Engineering Report

18
Cornell crest
Cornell University
Ithaca, New York

With a ranking of #18, Cornell University did quite well on the 2023 Best Value Engineering Schools For Those Making $0-$30k list. Cornell University is a large private not-for-profit school situated in Ithaca, New York. It awarded 1,430 ’s engineering degrees in 2020-2021.

In addition to being on our engineering students whose families make $0-$30k list, Cornell has also earned the #12 rank in our “Best Engineering Schools” ranking. The yearly cost to attend Cornell is $5,244 for engineering students whose families make $0-$30k.

The undergraduate 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. The undergrad student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 96%, the school does an excellent job of retaining its undergraduate students.

Full Cornell University Engineering Report

19

Columbia University in the City of New York came in at #19 in this year’s edition of the Best Value Engineering Schools For Those Making $0-$30k ranking. New York, New York is the setting for this large institution of higher learning. The private not-for-profit school handed out ’s engineering degrees to 1,508 students in 2020-2021.

Columbia did well in our major quality rankings, too. It placed #6 on our “Best Engineering Schools” list. The estimated yearly cost for Columbia is $9,873 for Engineering students whose families make $0-$30k.

The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. The undergraduate student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The low undergrad student loan default rate of 1.7% 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 Engineering at Columbia University in the City of New York

20

With a ranking of #20, University of California - Berkeley did quite well on the 2023 Best Value Engineering Schools For Those Making $0-$30k list. UC Berkeley is located in Berkeley, California and, has a large student population. In 2020-2021, this school awarded 1,982 ’s engineering degrees to qualified students.

UC Berkeley also made our “Best Engineering Schools” list, coming in at #11. It costs about $8,450 for Engineering students whose families make $0-$30k per year to attend UC Berkeley.

Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The low undergrad student loan default rate of 1.8% 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 Engineering at UC Berkeley

21

University of Illinois at Urbana-Champaign came in at #21 in this year’s edition of the Best Value Engineering Schools For Those Making $0-$30k ranking. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 2,695 ’s degrees in 2020-2021.

UIUC excels when it comes to engineering quality. It’s ranked in the top 15% of all schools on our “Best Engineering Schools” list. It costs about $4,858 for Engineering students whose families make $0-$30k per year to attend University of Illinois at Urbana-Champaign.

With a freshman retention rate of 94%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 2.3% 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%.

Read full report on Engineering at UIUC

22

University of North Carolina at Chapel Hill landed the #22 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. Located in Chapel Hill, North Carolina, this large public school handed out 94 diplomas to qualified ’s engineering students in 2020-2021.

UNC Chapel Hill also claimed a top spot on our “Best Engineering Schools” list. It’s in the top [COLLEGE_QUALITY_PECTENTILE_ALL_LEVES]% of all schools in this category. The estimated yearly cost for University of North Carolina at Chapel Hill is $3,753 for Engineering students whose families make $0-$30k.

The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. The low undergrad 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%.

Read full report on Engineering at University of North Carolina at Chapel Hill

23
Tufts crest
Tufts University
Medford, Massachusetts

With a ranking of #23, Tufts University did quite well on the 2023 Best Value Engineering Schools For Those Making $0-$30k list. Tufts University is a private not-for-profit institution located in Medford, Massachusetts. The school has a fairly large population, and it awarded 315 ’s degrees in 2020-2021.

Tufts also claimed a top spot on our “Best Engineering Schools” list. It’s ranked in the top 15% of all schools on our “Best Engineering Schools” list. The yearly cost to attend Tufts University is $8,122 for engineering students whose families make $0-$30k.

The undergrad student loan default rate at the school is 1.1%, 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 92%. The undergraduate student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Engineering at Tufts University

24
Dartmouth crest
Dartmouth College
Hanover, New Hampshire

Dartmouth College did quite well in the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking, coming in at #24. Dartmouth is a private not-for-profit institution located in Hanover, New Hampshire. The school has a medium-sized population, and it awarded 282 ’s degrees in 2020-2021.

Dartmouth not only placed well in this ranking. It is also #3 on our “Best Engineering Schools” list. The yearly cost to attend Dartmouth College is $6,034 for engineering students whose families make $0-$30k.

The school has an impressive undergrad student loan default rate. It’s only 1.3%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 96%, the school does an excellent job of retaining its undergraduate students. With a undergrad student-to-faculty ratio of 7 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.

Full Dartmouth Engineering Report

25

University of California - Los Angeles landed the #25 spot on the 2023 Best Value Engineering Schools For Those Making $0-$30k ranking. UCLA is located in Los Angeles, California and, has a large student population. In 2020-2021, this school awarded 1,342 ’s engineering degrees to qualified students.

As a testament to the quality of education offered at UCLA, the school also landed the #24 spot in our “Best Engineering Schools” ranking. The estimated yearly cost for UCLA is $9,037 for engineering students whose families make $0-$30k.

The low undergrad student loan default rate of 1.6% 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%. 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 Engineering at University of California - Los Angeles

Rest of the Best 50 in Best Value Engineering Schools For Those Making $0-$30k

Not only did these schools make the top 50 list, but they also landed in the top 15% of this year’s ranking:

26
27
University of Virginia crest
University of Virginia - Main Campus
Charlottesville, Virginia
28
29
30
NC State crest
North Carolina State University
Raleigh, North Carolina
31
32
Maritime crest
Massachusetts Maritime Academy
Buzzards Bay, Massachusetts
33
Carnegie Mellon crest
Carnegie Mellon University
Pittsburgh, Pennsylvania
34
35
Michigan State crest
Michigan State University
East Lansing, Michigan
36
37
38
39
40
41
42
Smith crest
Smith College
Northampton, Massachusetts
43
44
Notre Dame crest
University of Notre Dame
Notre Dame, Indiana
45
Virginia Tech crest
Virginia Tech
Blacksburg, Virginia
46
47
48
Lafayette crest
Lafayette College
Easton, Pennsylvania
49
Northeastern crest
Northeastern University
Boston, Massachusetts
50
Florida State crest
Florida State University
Tallahassee, Florida

Rest of the Top 15% Colleges in Best Value Engineering Schools For Those Making $0-$30k

While not in the ’top 50’, these schools make the top 15% of this year’s ranking:

RankCollegeLocation
51The University of Texas at AustinAustin, TX
52Austin Community College DistrictAustin, TX
53Iowa State UniversityAmes, IA
54Florida International UniversityMiami, FL

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Notes and References

References

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