2022 Best Value ME Schools for a Master’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 Master’s in New Jersey For Those Making $0-$30k” ranking is one tool we have developed to help in this regard.

In 2019-2020, 47,598 people earned their degree in mechanical engineering, making the major the 20th most popular in the United States. 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 master’s degree level specifically, there were 174 mechanical engineering graduates with average earnings and debt of $60,690 and $39,821 respectively.

For this year’s “Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k” ranking, we looked at 4 colleges that offer a degree in mechanical engineering. This ranking identifies schools with high-quality mechanical 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 mechanical engineering program at the school. See our ranking methodology to learn more.

More Ways to Rank Mechanical Engineering Schools

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k” list, to help you choose the best school for you.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k

The following schools top our list of the Best Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k.

Top 4 Best Value Master’s Degree Colleges for Mechanical Engineering (Income $0-$30k) in New Jersey

#1

Princeton University

Princeton, New Jersey

#1 in overall quality

$56,470 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Princeton University. It ranked #1 on our 2022 Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k list. Princeton University is a medium-sized private not-for-profit school situated in Princeton, New Jersey. It awarded 12 masters’s ME degrees in 2019-2020.

Princeton did well in our major quality rankings, too. It placed #1 on our “Best Mechanical Engineering Master’s Degree Schools in New Jersey” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Princeton are $56,470.

Read more about Mechanical Engineering at Princeton University

#2

New Jersey Institute of Technology

Newark, New Jersey

#4 in overall quality

$33,744 Avg Grad Tuition & Fees

$77,401 Average Early-Career Earnings

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 Master’s in New Jersey For Those Making $0-$30k. Newark, New Jersey is the setting for this fairly large institution of higher learning. The public school handed out masters’s ME degrees to 62 students in 2019-2020.

NJIT did well in our major quality rankings, too. It placed #4 on our “Best Mechanical Engineering Master’s Degree Schools in New Jersey” list. Average graduate tuition and fees at New Jersey Institute of Technology are $33,744, but you may pay more or less depending on your major.

Read more about Mechanical Engineering at NJIT

#3

Rutgers University - New Brunswick

New Brunswick, New Jersey

#3 in overall quality

$32,132 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Rutgers University - New Brunswick. The school came in at #3 for the Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k. Rutgers New Brunswick is located in New Brunswick, New Jersey and, has a large student population. In 2019-2020, this school awarded 31 masters’s ME degrees to qualified students.

Rutgers New Brunswick also made our “Best Mechanical Engineering Master’s Degree Schools in New Jersey” list, coming in at #3. Average graduate tuition and fees at Rutgers New Brunswick are $32,132, but you may pay more or less depending on your major.

Read full report on Mechanical Engineering at Rutgers University - New Brunswick

#4

Stevens Institute of Technology

Hoboken, New Jersey

#2 in overall quality

$38,876 Avg Grad Tuition & Fees

$77,872 Average Early-Career Earnings

You’ll be in good company if you decide to attend Stevens Institute of Technology. It ranked #4 on our 2022 Best Value ME Schools for a Master’s in New Jersey For Those Making $0-$30k list. Located in Hoboken, New Jersey, this medium-sized private not-for-profit school handed out 69 degrees to qualified masters’s ME students in 2019-2020.

Stevens also took the #2 spot in our “Best Mechanical Engineering Master’s Degree Schools in New Jersey” ranking. Average graduate tuition and fees at Stevens are $38,876, but some majors have different tuition rates.

Read more about Mechanical Engineering at Stevens Institute of Technology

• Best Value Master’s Degree Colleges for Mechanical Engineering (Income $0-$30k) in the Middle Atlantic Region
• Best Value Master’s Degree Colleges for Mechanical Engineering (Income $0-$30k)

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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