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

It’s not easy to decide which college to attend when there so many options available for students. One of our goals at College Factual is to give you as much information as we can - such as our “Best Vallue Engineering Schools in Maine For Those Making Over $110k” ranking - to help you make that decision.

In 2020-2021, 198,468 engineering students received their degree, making the major the 7th most popular in the country. 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.

This year’s “Best Vallue Engineering Schools in Maine For Those Making Over $110k” ranking looked at 2 colleges that offer degrees in a bachelor’s in engineering. The schools that top this list are recognized because they have great engineering programs and cost less that 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

Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Vallue Engineering Schools in Maine For Those Making Over $110k” ranking, along with many other major-related rankings, to help you make that 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.

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Best Vallue Engineering Schools in Maine For Those Making Over $110k

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

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

1

Maine Maritime Academy
Castine, Maine

#1 in overall quality

$20,970 Average Net Price

$71,483 Average Early-Career Earnings

You’ll be in good company if you decide to attend Maine Maritime Academy. It ranked #1 on our 2023 Best Vallue Engineering Schools in Maine For Those Making Over $110k list. Castine, Maine is the setting for this small institution of higher learning. The public school handed out ’s engineering degrees to 93 students in 2020-2021.

Maine Maritime also took the #1 spot in our “Best Engineering Schools in Maine” ranking. The yearly cost to attend Maine Maritime Academy is $20,970 for Maine Engineering students whose families make more than $110k.

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 low undergrad 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%.

Full Maine Maritime Engineering Report

2

University of Maine
Orono, Maine

#2 in overall quality

$16,033 Average Net Price

$40,242 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend University of Maine. The school came in at #2 for the Best Vallue Engineering Schools in Maine For Those Making Over $110k. Located in Orono, Maine, this fairly large public school handed out 254 degrees to qualified ’s engineering students in 2020-2021.

In addition to being on our maine engineering students whose families make more than $110k list, UMaine has also earned the #2 rank in our “Best Engineering Schools in Maine” ranking. It costs about $16,033 for Maine Engineering students whose families make more than $110k per year to attend University of Maine.

The school has an impressive undergrad student loan default rate. It’s only 4.0%, which is much lower than the national rate of 10.1%.

Full UMaine Engineering Report

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