2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k
With all of the options students have for higher education today, it can be tough to choose which direction to take. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value ME Schools for a Bachelor’s For Those Making $30-$48k” ranking - to help you make that decision.
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.
At the bachelor’s degree level specifically, there were 37,951 mechanical engineering graduates with average earnings and debt of $38,303 and $24,501 respectively.
For this year’s “Best Value ME Schools for a Bachelor’s For Those Making $30-$48k” ranking, we looked at 322 colleges that offer a degree in mechanical engineering. Not only do the schools that top this list have excellent mechanical engineering programs, but they also cost less that 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. See our ranking methodology to learn more.
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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 For Those Making $30-$48k” ranking, along with many other major-related rankings, to help you make that decision.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value ME Schools for a Bachelor’s For Those Making $30-$48k
The colleges and universities below are the best for bachelor’s degree me students whose families make $30-$48k.
Top 25 Best Value Bachelor’s Degree Colleges for Mechanical 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 ME Schools for a Bachelor’s For Those Making $30-$48k list. MIT is a fairly large school located in Cambridge, Massachusetts that handed out 147 bachelors’s ME degrees in 2019-2020.
In addition to being on our bachelor’s degree me students whose families make $30-$48k list, MIT has also earned the #2 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Massachusetts Institute of Technology is $1,820 for bachelor’s degree me students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 98%. 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%. 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.
You’ll join some of the best and brightest minds around if you attend Olin College. The school came in at #2 for the Best Value ME Schools for a Bachelor’s For Those Making $30-$48k. Olin College is located in Needham, Massachusetts and, has a small student population. In 2019-2020, this school awarded 36 bachelors’s ME degrees to qualified students.
Olin College not only placed well in this ranking. It is also #1 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Olin College is $3,388 for Bachelor’s Degree ME 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 Duke University. It ranked #3 on our 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. This fairly large school is located in Durham, North Carolina, and it awarded 91 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at Duke, the school also landed the #4 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Duke University is $-1,314 for bachelor’s degree me students whose families make $30-$48k. When an average net price is negative, it usually means that the student will receive more financial aid than it costs to attend the school.
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%. 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 excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year.
You’ll be in good company if you decide to attend Stanford University. It ranked #4 on our 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. Stanford is a fairly large school located in Stanford, California that handed out 54 bachelors’s ME degrees in 2019-2020.
Stanford not only placed well in this ranking. It is also #5 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $1,145 for Bachelor’s Degree ME students whose families make $30-$48k per year to attend Stanford.
The student-to-faculty ratio of 4 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 86%.
Out of the 322 schools in the Best Value ME Schools for a Bachelor’s For Those Making $30-$48k that were part of this year’s ranking, Northwestern University landed the #5 spot on the list. Located in Evanston, Illinois, this large private not-for-profit school handed out 67 degrees to qualified bachelors’s ME students in 2019-2020.
In addition to being on our bachelor’s degree me students whose families make $30-$48k list, Northwestern has also earned the #9 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It costs about $3,995 for Bachelor’s Degree ME students whose families make $30-$48k per year to attend Northwestern University.
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%. With a freshman retention rate of 97%, the school does an excellent job of retaining its students. 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.
Read full report on Mechanical Engineering at Northwestern University
With a ranking of #6, University of Pennsylvania did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. UPenn is a large private not-for-profit school situated in Philadelphia, Pennsylvania. It awarded 60 bachelors’s ME degrees in 2019-2020.
In addition to being on our bachelor’s degree me students whose families make $30-$48k list, UPenn has also earned the #8 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend UPenn is $4,833 for Bachelor’s Degree ME students whose families make $30-$48k.
The low student loan default rate of 1.4% 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 95%. 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.
Princeton University did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #7. Princeton is a medium-sized private not-for-profit school situated in Princeton, New Jersey. It awarded 52 bachelors’s ME degrees in 2019-2020.
Princeton not only placed well in this ranking. It is also #3 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Princeton is $2,044 for bachelor’s degree me students whose families make $30-$48k.
The student-to-faculty ratio of 4 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. 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%.
Read more about Mechanical Engineering at Princeton University
Washington University in St Louis landed the #8 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking. Washington University in St Louis is located in Saint Louis, Missouri and, has a fairly large student population. In 2019-2020, this school awarded 104 bachelors’s ME degrees to qualified students.
WUSTL did well in our major quality rankings, too. It placed #11 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend WUSTL is $6,248 for Bachelor’s Degree ME students whose families make $30-$48k.
The low student loan default rate of 1.4% 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 94%, which means students like the school well enough to return for a second year. 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.
Read full report on Mechanical Engineering at Washington University in St Louis
With a ranking of #9, Rice University did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. This medium-sized school is located in Houston, Texas, and it awarded 39 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at Rice, the school also landed the #21 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend Rice is $7,534 for Bachelor’s Degree ME students whose families make $30-$48k.
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 school has an impressive student loan default rate. It’s only 1.0%, which is much lower than the national 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.
Harvard University came in at #10 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking. Harvard is a large private not-for-profit school situated in Cambridge, Massachusetts. It awarded 19 bachelors’s ME degrees in 2019-2020.
Harvard did well in our major quality rankings, too. It placed #22 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Harvard is $1,010 for Bachelor’s Degree ME students whose families make $30-$48k.
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%. 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.
Cornell University ranked #11 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. Cornell University is located in Ithaca, New York and, has a large student population. In 2019-2020, this school awarded 156 bachelors’s ME degrees to qualified students.
Cornell not only placed well in this ranking. It is also #6 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Cornell is $7,518 for Bachelor’s Degree ME students whose families make $30-$48k.
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. 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 student loan default rate at the school is 1.1%, which is quite low when compared to the national default rate of 10.1%.
University of Michigan - Ann Arbor did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #12. University of Michigan - Ann Arbor is a large school located in Ann Arbor, Michigan that handed out 289 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education offered at U-M, the school also landed the #10 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend University of Michigan - Ann Arbor is $5,887 for bachelor’s degree me students whose families make $30-$48k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%.
Full University of Michigan - Ann Arbor Mechanical Engineering Report
With a ranking of #13, University of Florida did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. Gainesville, Florida is the setting for this large institution of higher learning. The public school handed out bachelors’s ME degrees to 320 students in 2019-2020.
In addition to being on this list, UF is in the top on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s ranked in the top 15% of all schools on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend UF is $4,069 for Bachelor’s Degree ME students whose families make $30-$48k.
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 loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%.
Vanderbilt University did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #14. Located in Nashville, Tennessee, this fairly large private not-for-profit school awarded 49 diplomas to qualified bachelors’s ME students in 2019-2020.
Vanderbilt did well in our major quality rankings, too. It placed #15 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Vanderbilt University is $6,017 for bachelor’s degree me students whose families make $30-$48k.
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. 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 1.0%, which is much lower than the national rate of 10.1%.
Read more about Mechanical Engineering at Vanderbilt University
With a ranking of #15, Johns Hopkins University did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. Baltimore, Maryland is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 40 students in 2019-2020.
Johns Hopkins not only placed well in this ranking. It is also #24 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $8,210 for bachelor’s degree me students whose families make $30-$48k per year to attend Johns Hopkins.
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 excellent freshman retention rate of 97%, 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 1.3%, which is much lower than the national rate of 10.1%.
Columbia University in the City of New York came in at #16 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking. Columbia University in the City of New York is a private not-for-profit institution located in New York, New York. The school has a large population, and it awarded 68 bachelors’s degrees in 2019-2020.
As a testament to the quality of education it offers, Columbia is also in the top of our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It’s in the top 10% of all schools in this category. The yearly cost to attend Columbia University in the City of New York is $4,287 for bachelor’s degree me students whose families make $30-$48k.
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. With a freshman retention rate of 95%, the school does an excellent job of retaining its students. 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 ranking of #17, University of Wisconsin - Madison did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k list. UW - Madison is a public institution located in Madison, Wisconsin. The school has a large population, and it awarded 190 bachelors’s degrees in 2019-2020.
UW - Madison excels when it comes to ME quality. It’s in the top 15% of all schools in this category. The yearly cost to attend UW - Madison is $6,860 for bachelor’s degree me students whose families make $30-$48k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 95%.
Read full report on Mechanical Engineering at University of Wisconsin - Madison
Purdue University - Main Campus did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #18. Purdue University - Main Campus is a large school located in West Lafayette, Indiana that handed out 376 bachelors’s ME degrees in 2019-2020.
On top of its placing in this ranking, Purdue also did well on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. It costs about $5,879 for Bachelor’s Degree ME students whose families make $30-$48k per year to attend Purdue University - Main Campus.
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%. The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year.
University of Notre Dame did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #19. This fairly large school is located in Notre Dame, Indiana, and it awarded 119 bachelors’s ME degrees in 2019-2020.
Notre Dame did well in our major quality rankings, too. It placed #7 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for University of Notre Dame is $15,609 for Bachelor’s Degree ME 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 student loan default rate at the school is 0.7%, 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 97%.
Northeastern University came in at #20 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking. Northeastern University is a private not-for-profit institution located in Boston, Massachusetts. The school has a large population, and it awarded 250 bachelors’s degrees in 2019-2020.
In addition to being on this list, Northeastern is in the top on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s ranked in the top 10% of all schools on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Northeastern is $12,823 for bachelor’s degree me students whose families make $30-$48k.
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 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 landed the #21 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking. This fairly large school is located in Medford, Massachusetts, and it awarded 45 bachelors’s ME degrees in 2019-2020.
On top of its placing in this ranking, Tufts also did well on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools reviewed in that analysis. The yearly cost to attend Tufts is $6,516 for bachelor’s degree me students whose families make $30-$48k.
The impressive student-to-faculty ratio of 10 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 1.2% 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%. The school has an excellent freshman retention rate of 92%, which means students like the school well enough to return for a second year.
University of Illinois at Urbana-Champaign did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #22. Champaign, Illinois is the setting for this large institution of higher learning. The public school handed out bachelors’s ME degrees to 179 students in 2019-2020.
On top of its placing in this ranking, UIUC also did well on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 15% of all schools in this category. It costs about $8,464 for bachelor’s degree me students whose families make $30-$48k per year to attend University of Illinois at Urbana-Champaign.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%.
University of California - Berkeley did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #23. UC Berkeley is a public institution located in Berkeley, California. The school has a large population, and it awarded 177 bachelors’s degrees in 2019-2020.
UC Berkeley not only placed well in this ranking. It is also #13 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $9,130 for Bachelor’s Degree ME students whose families make $30-$48k per year to attend UC Berkeley.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%.
University of Washington - Seattle Campus came in at #24 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking. UW Seattle is a large school located in Seattle, Washington that handed out 124 bachelors’s ME degrees in 2019-2020.
The estimated yearly cost for UW Seattle is $7,467 for Bachelor’s Degree ME students whose families make $30-$48k.
The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year. 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%.
Read full report on Mechanical Engineering at University of Washington - Seattle Campus
University of California - Los Angeles did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $30-$48k ranking, coming in at #25. UCLA is a large school located in Los Angeles, California that handed out 137 bachelors’s ME degrees in 2019-2020.
UCLA excels when it comes to ME quality. It’s in the top 10% of all schools reviewed in that analysis. The estimated yearly cost for University of California - Los Angeles is $9,254 for bachelor’s degree me students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 1.0%, 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%.
Rest of the Best 49 in Best Value ME Schools for a Bachelor’s For Those Making $30-$48k
Not only did these schools make the top 49 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.
Credits
- Credit for the banner image above goes to Michel Villeneuve.
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Southern New Hampshire University
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