2022 Best Value Bachelor’s Degree Colleges for Electrical Engineering (Income $0-$30k)
When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value EE Schools for a Bachelor’s For Those Making $0-$30k” ranking.
Electrical Engineering is the 31st most popular major in the country with 30,670 degrees awarded in 2019-2020. In 2017-2018, electrical engineering graduates who were awarded their degree in 2015-2017, earned an average of $70,098 and had an average of $23,581 in loans still to pay off.
At the bachelor’s degree level specifically, there were 17,931 electrical engineering graduates with average earnings and debt of $38,303 and $24,501 respectively.
This year’s “Best Value EE Schools for a Bachelor’s For Those Making $0-$30k” ranking analyzed 317 colleges that offered a degree in electrical engineering. This ranking identifies schools with high-quality electrical engineering programs that also have a lower cost than schools of similar quality.
To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the electrical engineering program at the school. For more information, check out our ranking methodology.
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One Size Does Not Fit All
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 EE Schools for a Bachelor’s For Those Making $0-$30k” list to help you make the college decision.
In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.
Best Value EE Schools for a Bachelor’s For Those Making $0-$30k
The following schools top our list of the Best Best Value EE Schools for a Bachelor’s For Those Making $0-$30k.
Top 25 Best Value Bachelor’s Degree Colleges for Electrical Engineering (Income $0-$30k)
You’ll join some of the best and brightest minds around if you attend Olin College. The school came in at #1 for the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k. Olin College is a small school located in Needham, Massachusetts that handed out 19 bachelors’s EE degrees in 2019-2020.
Olin College also took the #1 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Olin College is $845 for bachelor’s degree ee students whose families make $0-$30k.
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.
You’ll join some of the best and brightest minds around if you attend Stanford University. The school came in at #2 for the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k. Stanford University is a fairly large private not-for-profit school situated in Stanford, California. It awarded 46 bachelors’s EE degrees in 2019-2020.
Stanford also took the #2 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Stanford University is $-1,387 for bachelor’s degree ee students whose families make $0-$30k. The negative number means the student will receive more financial aid on average than it costs to attend the school.
With a freshman retention rate of 86%, the school does an excellent job of retaining its students. Since the school has a student-to-faculty ratio of 4 to 1, those pursuing a degree will have more opportunities to interact with their professors. 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%.
You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #3 for the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k. Northwestern University is a large private not-for-profit school situated in Evanston, Illinois. It awarded 10 bachelors’s EE degrees in 2019-2020.
As a testament to the quality of education offered at Northwestern, the school also landed the #10 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $1,866 for Bachelor’s Degree EE students whose families make $0-$30k per year to attend Northwestern.
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%. With a freshman retention rate of 97%, the school does an excellent job of retaining its students. Since the school has a 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 Electrical Engineering at Northwestern University
You’ll join some of the best and brightest minds around if you attend University of Pennsylvania. The school came in at #4 for the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k. University of Pennsylvania is a private not-for-profit institution located in Philadelphia, Pennsylvania. The school has a large population, and it awarded 25 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at UPenn, the school also landed the #9 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend University of Pennsylvania is $3,181 for Bachelor’s Degree EE 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 school has an impressive student loan default rate. It’s only 1.4%, which is much lower than the national rate of 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.
Read more about Electrical Engineering at University of Pennsylvania
You’ll be in good company if you decide to attend California Institute of Technology. It ranked #5 on our 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k list. California Institute of Technology is a small private not-for-profit school situated in Pasadena, California. It awarded 15 bachelors’s EE degrees in 2019-2020.
In addition to being on our bachelor’s degree ee students whose families make $0-$30k list, Caltech has also earned the #14 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $5,456 for bachelor’s degree ee students whose families make $0-$30k per year to attend Caltech.
Students who start out at the school are likely to stick around. The freshman retention rate is 94%. Since the school has a student-to-faculty ratio of 3 to 1, those pursuing a degree will have more opportunities to interact with their professors. 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%.
Full California Institute of Technology Electrical Engineering Report
Princeton University came in at #6 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. Princeton is located in Princeton, New Jersey and, has a medium-sized student population. In 2019-2020, this school awarded 21 bachelors’s EE degrees to qualified students.
Princeton not only placed well in this ranking. It is also #4 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It costs about $1,386 for Bachelor’s Degree EE students whose families make $0-$30k per year to attend Princeton.
The low 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%. Since the school has a student-to-faculty ratio of 4 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Washington University in St Louis did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #7. WUSTL is located in Saint Louis, Missouri and, has a fairly large student population. In 2019-2020, this school awarded 39 bachelors’s EE degrees to qualified students.
WUSTL also took the #8 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $5,273 for bachelor’s degree ee students whose families make $0-$30k per year to attend Washington University in St Louis.
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. With a freshman retention rate of 94%, the school does an excellent job of retaining its students. 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%.
Massachusetts Institute of Technology landed the #8 spot on the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. MIT is located in Cambridge, Massachusetts and, has a fairly large student population. In 2019-2020, this school awarded 44 bachelors’s EE degrees to qualified students.
MIT did well in our major quality rankings, too. It placed #3 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It costs about $4,535 for Bachelor’s Degree EE students whose families make $0-$30k per year to attend MIT.
Students who start out at the school are likely to stick around. The freshman retention rate is 98%. 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%. The impressive student-to-faculty ratio of 3 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Cornell University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #9. Cornell University is a private not-for-profit institution located in Ithaca, New York. The school has a large population, and it awarded 100 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Cornell, the school also landed the #6 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Cornell University is $7,484 for bachelor’s degree ee students whose families make $0-$30k.
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 freshman retention rate of 96%, the school does an excellent job of retaining its students. Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.
University of Florida came in at #10 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. UF is a large public school situated in Gainesville, Florida. It awarded 130 bachelors’s EE degrees in 2019-2020.
UF also claimed a top spot on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools in this category. It costs about $1,994 for Bachelor’s Degree EE students whose families make $0-$30k per year to attend University of Florida.
Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The student loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Electrical Engineering at University of Florida
University of Michigan - Ann Arbor did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #11. U-M is a large public school situated in Ann Arbor, Michigan. It awarded 99 bachelors’s EE degrees in 2019-2020.
As a testament to the quality of education offered at U-M, the school also landed the #17 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend U-M is $3,166 for bachelor’s degree ee students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
Harvard University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #12. Harvard University is a private not-for-profit institution located in Cambridge, Massachusetts. The school has a large population, and it awarded 9 bachelors’s degrees in 2019-2020.
Harvard also made our “Best Electrical Engineering Bachelor’s Degree Schools” list, coming in at #21. The yearly cost to attend Harvard University is $2,973 for bachelor’s degree ee students whose families make $0-$30k.
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%. With a student-to-faculty ratio of 5 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Vanderbilt University came in at #13 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. Vanderbilt University is a fairly large school located in Nashville, Tennessee that handed out 22 bachelors’s EE degrees in 2019-2020.
Vanderbilt also made our “Best Electrical Engineering Bachelor’s Degree Schools” list, coming in at #18. It costs about $3,156 for bachelor’s degree ee students whose families make $0-$30k per year to attend Vanderbilt University.
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. Students who start out at the school are likely to stick around. The freshman retention rate is 96%. 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%.
Johns Hopkins University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #13. Johns Hopkins is located in Baltimore, Maryland and, has a large student population. In 2019-2020, this school awarded 16 bachelors’s EE degrees to qualified students.
Johns Hopkins excels when it comes to EE quality. It’s in the top 10% of all schools reviewed in that analysis. It costs about $3,526 for bachelor’s degree ee students whose families make $0-$30k per year to attend Johns Hopkins.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%. 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.
Rice University came in at #15 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. Rice is located in Houston, Texas and, has a medium-sized student population. In 2019-2020, this school awarded 38 bachelors’s EE degrees to qualified students.
In addition to being on our bachelor’s degree ee students whose families make $0-$30k list, Rice has also earned the #13 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $3,437 for bachelor’s degree ee students whose families make $0-$30k per year to attend Rice University.
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 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.
University of California - Berkeley came in at #16 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. UC Berkeley is a large public school situated in Berkeley, California. It awarded 452 bachelors’s EE degrees in 2019-2020.
As a testament to the quality of education offered at UC Berkeley, the school also landed the #7 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $8,392 for Bachelor’s Degree EE students whose families make $0-$30k per year to attend University of California - Berkeley.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The 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 Electrical Engineering at University of California - Berkeley
University of Illinois at Urbana-Champaign came in at #17 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. University of Illinois at Urbana-Champaign is a large public school situated in Champaign, Illinois. It awarded 221 bachelors’s EE degrees in 2019-2020.
UIUC did well in our major quality rankings, too. It placed #23 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend University of Illinois at Urbana-Champaign is $5,477 for Bachelor’s Degree EE students whose families make $0-$30k.
With a freshman retention rate of 94%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%.
Full University of Illinois at Urbana-Champaign Electrical Engineering Report
University of Wisconsin - Madison came in at #18 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. University of Wisconsin - Madison is a large school located in Madison, Wisconsin that handed out 121 bachelors’s EE degrees in 2019-2020.
In addition to being on this list, UW - Madison is in the top on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools reviewed in that analysis. The yearly cost to attend UW - Madison is $4,367 for Bachelor’s Degree EE students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%.
Read more about Electrical Engineering at University of Wisconsin - Madison
University of Washington - Seattle Campus came in at #19 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. UW Seattle is located in Seattle, Washington and, has a large student population. In 2019-2020, this school awarded 224 bachelors’s EE degrees to qualified students.
In addition to being on this list, UW Seattle is in the top on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s ranked in the top 15% of all schools on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for UW Seattle is $7,850 for bachelor’s degree ee students whose families make $0-$30k.
With a freshman retention rate of 93%, the school does an excellent job of retaining its students. 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%.
Purdue University - Main Campus came in at #20 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. This large school is located in West Lafayette, Indiana, and it awarded 216 bachelors’s EE degrees in 2019-2020.
On top of its placing in this ranking, Purdue also did well on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. The estimated yearly cost for Purdue University - Main Campus is $5,483 for Bachelor’s Degree EE students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 93%. 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%.
University of California - Los Angeles landed the #21 spot on the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking. UCLA is a public institution located in Los Angeles, California. The school has a large population, and it awarded 155 bachelors’s degrees in 2019-2020.
UCLA also made our “Best Electrical Engineering Bachelor’s Degree Schools” list, coming in at #16. The estimated yearly cost for UCLA is $8,553 for Bachelor’s Degree EE students whose families make $0-$30k.
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%. 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 Electrical Engineering at University of California - Los Angeles
University of Maryland - College Park ranked #22 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $0-$30k list. University of Maryland - College Park is located in College Park, Maryland and, has a large student population. In 2019-2020, this school awarded 121 bachelors’s EE degrees to qualified students.
As a testament to the quality of education it offers, UMCP is also in the top of our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It’s ranked in the top 15% of all schools on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It costs about $8,054 for bachelor’s degree ee students whose families make $0-$30k per year to attend University of Maryland - College Park.
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 school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%.
Tufts University ranked #23 on this year’s Best Value EE Schools for a Bachelor’s 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 19 bachelors’s degrees in 2019-2020.
In addition to being on our bachelor’s degree ee students whose families make $0-$30k list, Tufts has also earned the #22 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Tufts University is $5,267 for Bachelor’s Degree EE students whose families make $0-$30k.
Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. Students who start out at the school are likely to stick around. The freshman retention rate is 92%. The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Electrical Engineering at Tufts University
University of Notre Dame ranked #24 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $0-$30k list. Notre Dame is a fairly large private not-for-profit school situated in Notre Dame, Indiana. It awarded 41 bachelors’s EE degrees in 2019-2020.
Notre Dame did well in our major quality rankings, too. It placed #12 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for University of Notre Dame is $12,498 for bachelor’s degree ee students whose families make $0-$30k.
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%. 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.
Michigan Technological University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #25. Michigan Tech is a medium-sized public school situated in Houghton, Michigan. It awarded 77 bachelors’s EE degrees in 2019-2020.
On top of its placing in this ranking, Michigan Tech also did well on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s ranked in the top 20% of all schools on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Michigan Tech is $8,295 for Bachelor’s Degree EE students whose families make $0-$30k.
With a freshman retention rate of 86%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 2.3%, which is much lower than the national rate of 10.1%.
Rest of the Best 48 in Best Value EE Schools for a Bachelor’s For Those Making $0-$30k
Not only did these schools make the top 48 list, but they also landed in the top 15% of this year’s ranking:
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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.
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- Credit for the banner image above goes to NASA.
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