2022 Best Value Bachelor’s Degree Colleges for Engineering (Income $30-$48k)
With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k” ranking is part of that endeavor.
In 2019-2020, 200,458 engineering students received their degree, making the major the 6th most popular in the country. In 2017-2018, engineering graduates who were awarded their degree in 2015-2017, earned an average of $64,888 and had an average of $23,564 in loans still to pay off.
At the bachelor’s degree level specifically, there were 130,534 engineering graduates with average earnings and debt of $38,303 and $24,501 respectively.
This year’s “Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k” ranking analyzed 397 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. Check out our ranking methodology for more information.
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One Size Does Not Fit All
The engineering 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 Value Engineering Schools for a Bachelor’s For Those Making $30-$48k”.
To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out later.
Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k
The colleges and universities below are the best for bachelor’s degree engineering students whose families make $30-$48k.
Top 25 Best Value Bachelor’s Degree Colleges for Engineering (Income $30-$48k)
You’ll be in good company if you decide to attend Massachusetts Institute of Technology. It ranked #1 on our 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. Cambridge, Massachusetts is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s engineering degrees to 383 students in 2019-2020.
MIT also took the #4 spot in our “Best Engineering Bachelor’s Degree Schools” ranking. It costs about $1,820 for bachelor’s degree engineering students whose families make $30-$48k per year to attend MIT.
The student loan default rate at the school is 1.1%, which is quite low when compared to the national default rate of 10.1%. With a student-to-faculty ratio of 3 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 98%.
Read more about Engineering at Massachusetts Institute of Technology
Out of the 397 schools in the Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k that were part of this year’s ranking, Duke University landed the #2 spot on the list. Duke University is located in Durham, North Carolina and, has a fairly large student population. In 2019-2020, this school awarded 303 bachelors’s engineering degrees to qualified students.
As a testament to the quality of education offered at Duke, the school also landed the #6 spot in our “Best Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Duke University is $-1,314 for bachelor’s degree engineering students whose families make $30-$48k. 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.
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 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. 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 Olin College. It ranked #3 on our 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. Olin College is a private not-for-profit institution located in Needham, Massachusetts. The school has a small population, and it awarded 90 bachelors’s degrees in 2019-2020.
Olin College also took the #3 spot in our “Best Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Olin College is $3,388 for bachelor’s degree engineering students whose families make $30-$48k.
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.
You’ll be in good company if you decide to attend Stanford University. It ranked #4 on our 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. Stanford is a fairly large private not-for-profit school situated in Stanford, California. It awarded 286 bachelors’s engineering degrees in 2019-2020.
As a testament to the quality of education offered at Stanford, the school also landed the #7 spot in our “Best Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Stanford is $1,145 for bachelor’s degree engineering students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 0.5%, which is much lower than the national rate of 10.1%. 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 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.
You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #5 for the Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k. Located in Evanston, Illinois, this large private not-for-profit school awarded 362 degrees to qualified bachelors’s engineering students in 2019-2020.
Northwestern did well in our major quality rankings, too. It placed #9 on our “Best Engineering Bachelor’s Degree Schools” list. It costs about $3,995 for Bachelor’s Degree Engineering students whose families make $30-$48k per year to attend Northwestern.
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%. 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. With a freshman retention rate of 97%, the school does an excellent job of retaining its students.
University of Pennsylvania landed the #6 spot on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. University of Pennsylvania is a large private not-for-profit school situated in Philadelphia, Pennsylvania. It awarded 252 bachelors’s engineering degrees in 2019-2020.
UPenn also made our “Best Engineering Bachelor’s Degree Schools” list, coming in at #11. The yearly cost to attend UPenn is $4,833 for bachelor’s degree engineering students whose families make $30-$48k.
The 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 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%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students.
Princeton University did quite well in the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #7. Princeton is located in Princeton, New Jersey and, has a medium-sized student population. In 2019-2020, this school awarded 185 bachelors’s engineering degrees to qualified students.
As a testament to the quality of education offered at Princeton, the school also landed the #5 spot in our “Best Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Princeton is $2,044 for Bachelor’s Degree Engineering students whose families make $30-$48k.
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. 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%.
With a ranking of #7, Brown University did quite well on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. Located in Providence, Rhode Island, this medium-sized private not-for-profit school handed out 80 degrees to qualified bachelors’s engineering students in 2019-2020.
Brown did well in our major quality rankings, too. It placed #8 on our “Best Engineering Bachelor’s Degree Schools” list. It costs about $6,684 for bachelor’s degree engineering students whose families make $30-$48k per year to attend Brown.
The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 92%, the school does an excellent job of retaining its students. The 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.
With a ranking of #9, Washington University in St Louis did quite well on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. This fairly large school is located in Saint Louis, Missouri, and it awarded 333 bachelors’s engineering degrees in 2019-2020.
WUSTL did well in our major quality rankings, too. It placed #10 on our “Best Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Washington University in St Louis is $6,248 for Bachelor’s Degree Engineering students whose families make $30-$48k.
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%. 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 student-to-faculty ratio of 7 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Rice University did quite well in the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #10. Located in Houston, Texas, this medium-sized private not-for-profit school awarded 167 diplomas to qualified bachelors’s engineering students in 2019-2020.
In addition to being on our bachelor’s degree engineering students whose families make $30-$48k list, Rice has also earned the #19 rank in our “Best Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Rice is $7,534 for bachelor’s degree engineering students whose families make $30-$48k.
The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. The 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. With a freshman retention rate of 97%, the school does an excellent job of retaining its students.
Harvard University landed the #11 spot on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. Located in Cambridge, Massachusetts, this large private not-for-profit school awarded 93 diplomas to qualified bachelors’s engineering students in 2019-2020.
Harvard not only placed well in this ranking. It is also #20 on our “Best Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Harvard is $1,010 for Bachelor’s Degree Engineering students whose families make $30-$48k.
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%. 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.
Dartmouth College landed the #12 spot on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. Located in Hanover, New Hampshire, this medium-sized private not-for-profit school awarded 113 degrees to qualified bachelors’s engineering students in 2019-2020.
Dartmouth not only placed well in this ranking. It is also #2 on our “Best Engineering Bachelor’s Degree Schools” list. It costs about $4,830 for bachelor’s degree engineering students whose families make $30-$48k per year to attend Dartmouth College.
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 impressive student-to-faculty ratio of 7 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 1.0% 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%.
Cornell University did quite well in the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #13. Cornell is a large school located in Ithaca, New York that handed out 605 bachelors’s engineering degrees in 2019-2020.
In addition to being on our bachelor’s degree engineering students whose families make $30-$48k list, Cornell has also earned the #14 rank in our “Best Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Cornell University is $7,518 for bachelor’s degree engineering students whose families make $30-$48k.
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%. 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 excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year.
University of Florida came in at #14 in this year’s edition of the Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. UF is a public institution located in Gainesville, Florida. The school has a large population, and it awarded 1,308 bachelors’s degrees in 2019-2020.
As a testament to the quality of education it offers, UF is also in the top of our “Best Engineering Bachelor’s Degree Schools” ranking. It’s in the top 15% of all schools reviewed in that analysis. The yearly cost to attend UF is $4,069 for bachelor’s degree engineering students whose families make $30-$48k.
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 #15, Vanderbilt University did quite well on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. This fairly large school is located in Nashville, Tennessee, and it awarded 260 bachelors’s engineering degrees in 2019-2020.
In addition to being on this list, Vanderbilt is in the top on our “Best Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. The yearly cost to attend Vanderbilt is $6,017 for bachelor’s degree engineering students whose families make $30-$48k.
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 excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%.
Johns Hopkins University came in at #16 in this year’s edition of the Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. Johns Hopkins University is a large private not-for-profit school situated in Baltimore, Maryland. It awarded 295 bachelors’s engineering degrees in 2019-2020.
Johns Hopkins not only placed well in this ranking. It is also #24 on our “Best Engineering Bachelor’s Degree Schools” list. It costs about $8,210 for Bachelor’s Degree Engineering students whose families make $30-$48k per year to attend Johns Hopkins.
The 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 school has an impressive 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 97%, the school does an excellent job of retaining its students.
Swarthmore College landed the #17 spot on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. This small school is located in Swarthmore, Pennsylvania, and it awarded 24 bachelors’s engineering degrees in 2019-2020.
Swarthmore excels when it comes to engineering quality. It’s in the top 10% of all schools in this category. The estimated yearly cost for Swarthmore College is $8,701 for bachelor’s degree engineering students whose families make $30-$48k.
The impressive student-to-faculty ratio of 7 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 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 86%.
University of Michigan - Ann Arbor did quite well in the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #18. U-M is a large public school situated in Ann Arbor, Michigan. It awarded 1,196 bachelors’s engineering degrees in 2019-2020.
U-M not only placed well in this ranking. It is also #18 on our “Best Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for U-M is $5,887 for bachelor’s degree engineering students whose families make $30-$48k.
With a freshman retention rate of 96%, the school does an excellent job of retaining its students. The low student loan default rate of 1.2% 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%.
Columbia University in the City of New York did quite well in the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #19. This large school is located in New York, New York, and it awarded 363 bachelors’s engineering degrees in 2019-2020.
On top of its placing in this ranking, Columbia also did well on our “Best Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools reviewed in that analysis. The estimated yearly cost for Columbia is $4,287 for Bachelor’s Degree Engineering students whose families make $30-$48k.
With a freshman retention rate of 95%, the school does an excellent job of retaining its students. The 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 student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%.
Massachusetts Maritime Academy came in at #20 in this year’s edition of the Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. This small school is located in Buzzards Bay, Massachusetts, and it awarded 174 bachelors’s engineering degrees in 2019-2020.
In addition to being on our bachelor’s degree engineering students whose families make $30-$48k list, Maritime has also earned the #12 rank in our “Best Engineering Bachelor’s Degree Schools” ranking. It costs about $6,689 for Bachelor’s Degree Engineering students whose families make $30-$48k per year to attend Massachusetts Maritime Academy.
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 school has an impressive student loan default rate. It’s only 2.7%, which is much lower than the national rate of 10.1%.
University of Wisconsin - Madison landed the #21 spot on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. UW - Madison is a public institution located in Madison, Wisconsin. The school has a large population, and it awarded 1,013 bachelors’s degrees in 2019-2020.
On top of its placing in this ranking, UW - Madison also did well on our “Best Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools in this category. It costs about $6,860 for bachelor’s degree engineering students whose families make $30-$48k per year to attend UW - Madison.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. 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%.
Read full report on Engineering at University of Wisconsin - Madison
University of North Carolina at Chapel Hill did quite well in the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #22. UNC Chapel Hill is located in Chapel Hill, North Carolina and, has a large student population. In 2019-2020, this school awarded 63 bachelors’s engineering degrees to qualified students.
UNC Chapel Hill also claimed a top spot on our “Best Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools in this category. The estimated yearly cost for UNC Chapel Hill is $6,063 for Bachelor’s Degree Engineering students whose families make $30-$48k.
The low student loan default rate of 1.9% 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.
Purdue University - Main Campus ranked #23 on this year’s Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. Purdue is a public institution located in West Lafayette, Indiana. The school has a large population, and it awarded 2,012 bachelors’s degrees in 2019-2020.
Purdue also claimed a top spot on our “Best Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools reviewed in that analysis. The yearly cost to attend Purdue is $5,879 for bachelor’s degree engineering students whose families make $30-$48k.
The student loan default rate at the school is 2.2%, 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 93%.
University of Notre Dame came in at #24 in this year’s edition of the Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k ranking. University of Notre Dame is a fairly large private not-for-profit school situated in Notre Dame, Indiana. It awarded 347 bachelors’s engineering degrees in 2019-2020.
Notre Dame did well in our major quality rankings, too. It placed #13 on our “Best Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Notre Dame is $15,609 for bachelor’s degree engineering students whose families make $30-$48k.
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. With a freshman retention rate of 97%, the school does an excellent job of retaining its students. 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%.
With a ranking of #25, Northeastern University did quite well on the 2022 Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k list. Northeastern is located in Boston, Massachusetts and, has a large student population. In 2019-2020, this school awarded 784 bachelors’s engineering degrees to qualified students.
As a testament to the quality of education it offers, Northeastern is also in the top of our “Best Engineering Bachelor’s Degree Schools” ranking. It’s in the top 10% of all schools in this category. It costs about $12,823 for Bachelor’s Degree Engineering students whose families make $30-$48k per year to attend Northeastern.
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%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year.
Rest of the Best 50 in Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k
Not only did these schools make the top 50 list, but they also landed in the top 15% of this year’s ranking:
Rest of the Top 15% Colleges in Best Value Engineering Schools for a Bachelor’s For Those Making $30-$48k
While not in the ‘top 50’, these schools make the top 15% of this year’s ranking:
| Rank | College | Location |
|---|---|---|
| 51 | Florida State University | Tallahassee, FL |
| 52 | Ferris State University | Big Rapids, MI |
| 53 | The University of West Florida | Pensacola, FL |
| 54 | Smith College | Northampton, MA |
| 55 | California State University - Fullerton | Fullerton, CA |
| 56 | University of Maryland - College Park | College Park, MD |
| 57 | Lafayette College | Easton, PA |
| 58 | California Polytechnic State University - San Luis Obispo | San Luis Obispo, CA |
| 59 | Missouri University of Science and Technology | Rolla, MO |
| 60 | San Diego State University | San Diego, CA |
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Engineering students with family income $30-$48k
Best Value Bachelor's Degree Colleges for Engineering (Income $75-$110k)
Engineering students with family income $75-$110k
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 Petty Officer 3rd Class Declan Barnes.
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Southern New Hampshire University
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