2022 Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k
With all of the options students have for higher education today, it can be tough to choose which direction to take. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k” ranking is one tool we have developed to help in this regard.
Mechanical Engineering is the 20th most popular major in the country with 47,598 degrees awarded in 2019-2020. In 2017-2018, mechanical engineering graduates who were awarded their degree in 2015-2017, earned an average of $64,495 and had an average of $23,104 in loans still to pay off.
Across New Jersey, there were 963 mechanical engineering graduates with average earnings and debt of $61,383 and $23,574 respectively. At the bachelor’s degree level specifically, there were 725 mechanical engineering graduates with average earnings and debt of $39,288 and $24,807 respectively.
This year’s “Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k” ranking looked at 6 colleges that offer degrees in a bachelor’s in mechanical engineering. This ranking identifies schools with high-quality mechanical 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 mechanical engineering program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.
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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k” ranking, along with many other major-related rankings, to help you make that decision.
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Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k
The colleges and universities below are the best for new jersey bachelor’s degree me students whose families make $0-$30k.
Top 6 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $0-$30k) in New Jersey
You’ll join some of the best and brightest minds around if you attend Princeton University. The school came in at #1 for the Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k. Princeton is a medium-sized school located in Princeton, New Jersey that handed out 52 bachelors’s ME degrees in 2019-2020.
Princeton also took the #1 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. It costs about $1,386 for New Jersey Bachelor’s Degree ME students whose families make $0-$30k per year to attend Princeton.
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 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%.
You’ll join some of the best and brightest minds around if you attend New Jersey Institute of Technology. The school came in at #2 for the Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k. Located in Newark, New Jersey, this fairly large public school awarded 195 diplomas to qualified bachelors’s ME students in 2019-2020.
In addition to being on our new jersey bachelor’s degree me students whose families make $0-$30k list, NJIT has also earned the #4 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. The estimated yearly cost for NJIT is $12,853 for New Jersey Bachelor’s Degree ME students whose families make $0-$30k.
The low student loan default rate of 4.9% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 89%.
Read full report on Mechanical Engineering at New Jersey Institute of Technology
You’ll join some of the best and brightest minds around if you attend The College of New Jersey. The school came in at #3 for the Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k. The College of New Jersey is a public institution located in Ewing, New Jersey. The school has a medium-sized population, and it awarded 33 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at TCNJ, the school also landed the #5 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. It costs about $11,445 for New Jersey Bachelor’s Degree ME students whose families make $0-$30k per year to attend TCNJ.
Students who start out at the school are likely to stick around. The freshman retention rate is 94%. The low student loan default rate of 1.6% 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 Mechanical Engineering at The College of New Jersey
You’ll join some of the best and brightest minds around if you attend Rutgers University - New Brunswick. The school came in at #4 for the Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k. Located in New Brunswick, New Jersey, this large public school awarded 203 degrees to qualified bachelors’s ME students in 2019-2020.
Rutgers New Brunswick not only placed well in this ranking. It is also #3 on our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” list. It costs about $13,545 for New Jersey Bachelor’s Degree ME students whose families make $0-$30k per year to attend Rutgers University - New Brunswick.
The school has an impressive student loan default rate. It’s only 3.6%, 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 93%.
Read more about Mechanical Engineering at Rutgers New Brunswick
You’ll be in good company if you decide to attend Rowan University. It ranked #5 on our 2022 Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k list. Rowan is located in Glassboro, New Jersey and, has a fairly large student population. In 2019-2020, this school awarded 101 bachelors’s ME degrees to qualified students.
As a testament to the quality of education offered at Rowan, the school also landed the #6 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. The estimated yearly cost for Rowan University is $18,401 for new jersey bachelor’s degree me students whose families make $0-$30k.
With a ranking of #6, Stevens Institute of Technology did quite well on the 2022 Best Value ME Schools for a Bachelor’s in New Jersey For Those Making $0-$30k list. Hoboken, New Jersey is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 141 students in 2019-2020.
Stevens also took the #2 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools in New Jersey” ranking. The yearly cost to attend Stevens Institute of Technology is $26,709 for New Jersey Bachelor’s Degree ME students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year.
Read more about Mechanical Engineering at Stevens Institute of Technology
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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.
Credits
- Credit for the banner image above goes to Michel Villeneuve.
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