2022 Best Value Bachelor’s Degree Colleges for Electrical Engineering (Income $30-$48k)
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 $30-$48k” 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 $30-$48k” ranking analyzed 315 colleges that offered a degree in electrical engineering. The schools that top this list are recognized because they have great electrical 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 electrical 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.
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Best Value EE Schools for a Bachelor’s For Those Making $30-$48k
The following schools top our list of the Best Best Value EE Schools for a Bachelor’s For Those Making $30-$48k.
Top 25 Best Value Bachelor’s Degree Colleges for Electrical 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 EE Schools for a Bachelor’s For Those Making $30-$48k list. Located in Cambridge, Massachusetts, this fairly large private not-for-profit school awarded 44 diplomas to qualified bachelors’s EE students in 2019-2020.
As a testament to the quality of education offered at MIT, the school also landed the #3 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Massachusetts Institute of Technology is $1,820 for bachelor’s degree ee students whose families make $30-$48k.
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%. 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. With a freshman retention rate of 98%, the school does an excellent job of retaining its students.
You’ll be in good company if you decide to attend Olin College. It ranked #2 on our 2022 Best Value EE 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 19 bachelors’s degrees in 2019-2020.
Olin College also made our “Best Electrical Engineering Bachelor’s Degree Schools” list, coming in at #1. The yearly cost to attend Olin College is $3,388 for Bachelor’s Degree EE 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 #3 on our 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Located in Stanford, California, this fairly large private not-for-profit school awarded 46 degrees to qualified bachelors’s EE students in 2019-2020.
Stanford did well in our major quality rankings, too. It placed #2 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It costs about $1,145 for bachelor’s degree ee students whose families make $30-$48k per year to attend Stanford University.
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 low student loan default rate of 0.5% 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%.
Out of the 315 schools in the Best Value EE Schools for a Bachelor’s For Those Making $30-$48k that were part of this year’s ranking, Northwestern University landed the #4 spot on the list. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s EE degrees to 10 students in 2019-2020.
Northwestern did well in our major quality rankings, too. It placed #10 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Northwestern University is $3,995 for Bachelor’s Degree EE students whose families make $30-$48k.
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%. 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. With a freshman retention rate of 97%, the school does an excellent job of retaining its students.
Out of the 315 schools in the Best Value EE Schools for a Bachelor’s For Those Making $30-$48k that were part of this year’s ranking, University of Pennsylvania landed the #5 spot on the list. UPenn is a large school located in Philadelphia, Pennsylvania that handed out 25 bachelors’s EE degrees in 2019-2020.
UPenn also took the #9 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend University of Pennsylvania is $4,833 for Bachelor’s Degree EE students whose families make $30-$48k.
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. 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 school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.
Washington University in St Louis came in at #6 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking. This fairly large school is located in Saint Louis, Missouri, and it awarded 39 bachelors’s EE degrees in 2019-2020.
In addition to being on our bachelor’s degree ee students whose families make $30-$48k list, WUSTL has also earned the #8 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Washington University in St Louis is $6,248 for Bachelor’s Degree EE students whose families make $30-$48k.
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. 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%.
With a ranking of #7, Rice University did quite well on the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Rice is a medium-sized school located in Houston, Texas that handed out 38 bachelors’s EE degrees in 2019-2020.
In addition to being on our bachelor’s degree ee students whose families make $30-$48k list, Rice has also earned the #13 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $7,534 for Bachelor’s Degree EE students whose families make $30-$48k per year to attend Rice University.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. 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 1.0%, which is quite low when compared to the national default rate of 10.1%.
Princeton University ranked #8 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. This medium-sized school is located in Princeton, New Jersey, and it awarded 21 bachelors’s EE degrees in 2019-2020.
Princeton also took the #4 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $2,044 for Bachelor’s Degree EE students whose families make $30-$48k per year to attend Princeton.
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%. The impressive student-to-faculty ratio of 4 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Harvard University ranked #9 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. This large school is located in Cambridge, Massachusetts, and it awarded 9 bachelors’s EE degrees in 2019-2020.
In addition to being on our bachelor’s degree ee students whose families make $30-$48k list, Harvard has also earned the #21 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $1,010 for Bachelor’s Degree EE students whose families make $30-$48k per year to attend Harvard University.
The impressive student-to-faculty ratio of 5 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 1.1% 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 more about Electrical Engineering at Harvard University
Cornell University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #10. Cornell is a large private not-for-profit school situated in Ithaca, New York. It awarded 100 bachelors’s EE degrees in 2019-2020.
Cornell did well in our major quality rankings, too. It placed #6 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Cornell is $7,518 for Bachelor’s Degree EE students whose families make $30-$48k.
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 impressive student loan default rate. It’s only 1.1%, 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 96%.
Vanderbilt University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #11. Vanderbilt is a private not-for-profit institution located in Nashville, Tennessee. The school has a fairly large population, and it awarded 22 bachelors’s degrees in 2019-2020.
Vanderbilt did well in our major quality rankings, too. It placed #18 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Vanderbilt University is $6,017 for Bachelor’s Degree EE students whose families make $30-$48k.
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 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. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
University of Florida did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #12. University of Florida is located in Gainesville, Florida and, has a large student population. In 2019-2020, this school awarded 130 bachelors’s EE degrees to qualified students.
In addition to being on this list, UF 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. It costs about $4,069 for bachelor’s degree ee students whose families make $30-$48k per year to attend UF.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.
University of Michigan - Ann Arbor ranked #13 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. U-M is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 99 bachelors’s EE degrees to qualified students.
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 estimated yearly cost for U-M is $5,887 for Bachelor’s Degree EE students whose families make $30-$48k.
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 school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
Full University of Michigan - Ann Arbor Electrical Engineering Report
Columbia University in the City of New York ranked #14 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Located in New York, New York, this large private not-for-profit school handed out 45 degrees to qualified bachelors’s EE students in 2019-2020.
As a testament to the quality of education it offers, Columbia is also in the top of our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It’s in the top 10% of all schools in this category. It costs about $4,287 for Bachelor’s Degree EE students whose families make $30-$48k per year to attend Columbia.
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%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students.
Read more about Electrical Engineering at Columbia University in the City of New York
With a ranking of #15, Johns Hopkins University did quite well on the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Johns Hopkins University 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 also claimed a top spot on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools reviewed in that analysis. The yearly cost to attend Johns Hopkins University is $8,210 for Bachelor’s Degree EE students whose families make $30-$48k.
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. Students who start out at the school are likely to stick around. The freshman retention rate is 97%. 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%.
Read full report on Electrical Engineering at Johns Hopkins University
University of California - Berkeley landed the #16 spot on the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking. Located in Berkeley, California, this large public school handed out 452 diplomas to qualified bachelors’s EE students in 2019-2020.
UC Berkeley also took the #7 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for UC Berkeley is $9,130 for bachelor’s degree ee students whose families make $30-$48k.
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%. 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 Wisconsin - Madison came in at #17 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking. University of Wisconsin - Madison is a public institution located in Madison, Wisconsin. The school has a large population, and it awarded 121 bachelors’s degrees in 2019-2020.
On top of its placing in this ranking, UW - Madison also did well on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools in this category. The estimated yearly cost for UW - Madison is $6,860 for Bachelor’s Degree EE students whose families make $30-$48k.
With a freshman retention rate of 95%, the school does an excellent job of retaining its students. 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%.
Purdue University - Main Campus came in at #18 in this year’s edition of the Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking. This large school is located in West Lafayette, Indiana, and it awarded 216 bachelors’s EE degrees in 2019-2020.
In addition to being on this list, Purdue is in the top on our “Best Electrical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools reviewed in that analysis. It costs about $5,879 for bachelor’s degree ee students whose families make $30-$48k per year to attend Purdue.
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 ranked #19 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Located in Notre Dame, Indiana, this fairly large private not-for-profit school handed out 41 diplomas to qualified bachelors’s EE students in 2019-2020.
As a testament to the quality of education offered at Notre Dame, the school also landed the #12 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $15,609 for bachelor’s degree ee students whose families make $30-$48k per year to attend University of Notre Dame.
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 97%. The 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.
Read more about Electrical Engineering at University of Notre Dame
University of Washington - Seattle Campus did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #20. This large school is located in Seattle, Washington, and it awarded 224 bachelors’s EE degrees in 2019-2020.
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. It costs about $7,467 for bachelor’s degree ee students whose families make $30-$48k per year to attend UW Seattle.
The low 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%. With a freshman retention rate of 93%, the school does an excellent job of retaining its students.
Full University of Washington - Seattle Campus Electrical Engineering Report
Northeastern University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #21. Northeastern is located in Boston, Massachusetts and, has a large student population. In 2019-2020, this school awarded 84 bachelors’s EE degrees to qualified students.
In addition to being on our bachelor’s degree ee students whose families make $30-$48k list, Northeastern has also earned the #24 rank in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Northeastern is $12,823 for Bachelor’s Degree EE students whose families make $30-$48k.
With a freshman retention rate of 97%, the school does an excellent job of retaining its students. The low 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%.
Tufts University ranked #22 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Tufts is located in Medford, Massachusetts and, has a fairly large student population. In 2019-2020, this school awarded 19 bachelors’s EE degrees to qualified students.
Tufts not only placed well in this ranking. It is also #22 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Tufts University is $6,516 for bachelor’s degree ee students whose families make $30-$48k.
The 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. Students who start out at the school are likely to stick around. The freshman retention rate is 92%. 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%.
Read full report on Electrical Engineering at Tufts University
University of Illinois at Urbana-Champaign ranked #23 on this year’s Best Value EE Schools for a Bachelor’s For Those Making $30-$48k list. Located in Champaign, Illinois, this large public school handed out 221 degrees to qualified bachelors’s EE students in 2019-2020.
UIUC also took the #23 spot in our “Best Electrical Engineering Bachelor’s Degree Schools” ranking. It costs about $8,464 for Bachelor’s Degree EE students whose families make $30-$48k per year to attend UIUC.
Students who start out at the school are likely to stick around. The freshman retention rate is 94%. 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%.
University of California - Los Angeles landed the #24 spot on the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking. UCLA is a large school located in Los Angeles, California that handed out 155 bachelors’s EE degrees in 2019-2020.
UCLA also made our “Best Electrical Engineering Bachelor’s Degree Schools” list, coming in at #16. It costs about $9,254 for Bachelor’s Degree EE students whose families make $30-$48k per year to attend UCLA.
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 1.0%, which is quite low when compared to the national default rate of 10.1%.
Read more about Electrical Engineering at University of California - Los Angeles
Carnegie Mellon University did quite well in the 2022 Best Value EE Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #25. This fairly large school is located in Pittsburgh, Pennsylvania, and it awarded 140 bachelors’s EE degrees in 2019-2020.
Carnegie Mellon not only placed well in this ranking. It is also #5 on our “Best Electrical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Carnegie Mellon is $13,782 for bachelor’s degree ee students whose families make $30-$48k.
With a freshman retention rate of 96%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 0.6%, which is much lower than the national rate of 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.
Full Carnegie Mellon University Electrical Engineering Report
Rest of the Best 48 in Best Value EE Schools for a Bachelor’s For Those Making $30-$48k
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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