2023 Best Value Colleges for Engineering (Income $75-$110k) in Maine

Students have lots of options to chooose from today when trying to decide which college to attend. 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 in Maine For Those Making $75-$110k” ranking is part of that endeavor.

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.

Across Maine, there were 415 engineering graduates with average earnings and debt of $65,866 and $26,779 respectively.

For this year’s “Best Value Engineering Schools in Maine For Those Making $75-$110k” ranking, we looked at 2 colleges that offer 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.

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 in Maine For Those Making $75-$110k”.

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 Engineering Schools in Maine For Those Making $75-$110k

The following schools top our list of the Best Best Value Engineering Schools in Maine For Those Making $75-$110k.

Top 2 Best Value Colleges for Engineering (Income $75-$110k) in Maine

1

Maine Maritime Academy
Castine, Maine

#1 in overall quality

$23,243 Average Net Price

$71,483 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Maine Maritime Academy. The school came in at #1 for the Best Value Engineering Schools in Maine For Those Making $75-$110k. Maine Maritime Academy is a small school located in Castine, Maine that handed out 93 ’s engineering degrees in 2020-2021.

Maine Maritime also took the #1 spot in our “Best Engineering Schools in Maine” ranking. It costs about $23,243 for maine engineering students whose families make $75-$110k per year to attend Maine Maritime.

Since the school has a undergrad student-to-faculty ratio of 9 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 2.2%, which is quite low when compared to the national default rate of 10.1%.

Full Maine Maritime Academy Engineering Report

2

University of Maine
Orono, Maine

#2 in overall quality

$18,484 Average Net Price

$40,242 Average Early-Career Earnings

You’ll be in good company if you decide to attend University of Maine. It ranked #2 on our 2023 Best Value Engineering Schools in Maine For Those Making $75-$110k list. University of Maine is a fairly large public school situated in Orono, Maine. It awarded 254 ’s engineering degrees in 2020-2021.

As a testament to the quality of education offered at UMaine, the school also landed the #2 spot in our “Best Engineering Schools in Maine” ranking. The estimated yearly cost for UMaine is $18,484 for maine engineering students whose families make $75-$110k.

The low undergrad student loan default rate of 4.0% 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%.

Read full report on Engineering at UMaine

• Best Value Colleges for Engineering (Income $75-$110k) in the New England Region
• Best Value Colleges for Engineering (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.