2022 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $48-$75k)
It’s not easy to decide which college to attend when there so many options available for students. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value ME Schools for a Bachelor’s For Those Making $48-$75k” ranking is part of that endeavor.
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.
This year’s “Best Value ME Schools for a Bachelor’s For Those Making $48-$75k” ranking looked at 322 colleges that offer degrees in a bachelor’s in mechanical engineering. The schools that top this list are recognized because they have great mechanical engineering programs and cost less that 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. For more information, check out our ranking methodology.
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The me school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value ME Schools for a Bachelor’s For Those Making $48-$75k”.
You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value ME Schools for a Bachelor’s For Those Making $48-$75k
The following schools top our list of the Best Best Value ME Schools for a Bachelor’s For Those Making $48-$75k.
Top 25 Best Value Bachelor’s Degree Colleges for Mechanical Engineering (Income $48-$75k)
Out of the 322 schools in the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k that were part of this year’s ranking, Massachusetts Institute of Technology landed the #1 spot on the list. This fairly large school is located in Cambridge, Massachusetts, and it awarded 147 bachelors’s ME degrees in 2019-2020.
MIT not only placed well in this ranking. It is also #2 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend MIT is $6,049 for bachelor’s degree me students whose families make $48-$75k.
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 school has an excellent freshman retention rate of 98%, which means students like the school well enough to return for a second year. With a student-to-faculty ratio of 3 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read full report on Mechanical Engineering at Massachusetts Institute of Technology
Out of the 322 schools in the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k that were part of this year’s ranking, Princeton University landed the #2 spot on the list. 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 did well in our major quality rankings, too. It placed #3 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $7,576 for Bachelor’s Degree ME students whose families make $48-$75k per year to attend Princeton University.
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. 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%.
You’ll join some of the best and brightest minds around if you attend Duke University. The school came in at #3 for the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k. Durham, North Carolina is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 91 students 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 yearly cost to attend Duke is $4,150 for Bachelor’s Degree ME students whose families make $48-$75k.
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. With a freshman retention rate of 97%, the school does an excellent job of retaining its students.
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 $48-$75k list. Stanford, California is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 54 students in 2019-2020.
As a testament to the quality of education offered at Stanford, the school also landed the #5 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for Stanford University is $1,959 for bachelor’s degree me students whose families make $48-$75k.
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 excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 0.5%, which is quite low when compared to the national default rate of 10.1%.
You’ll join some of the best and brightest minds around if you attend Harvard University. The school came in at #5 for the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k. Harvard University is a large school located in Cambridge, Massachusetts that handed out 19 bachelors’s ME degrees in 2019-2020.
In addition to being on our bachelor’s degree me students whose families make $48-$75k list, Harvard has also earned the #22 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It costs about $3,411 for bachelor’s degree me students whose families make $48-$75k per year to attend Harvard.
Since the school has a student-to-faculty ratio of 5 to 1, those pursuing a degree will have more opportunities to interact with their professors. The student loan default rate at the school is 1.1%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Mechanical Engineering at Harvard University
Northwestern University ranked #6 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $48-$75k list. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 67 students in 2019-2020.
Northwestern did well in our major quality rankings, too. It placed #9 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Northwestern is $6,452 for bachelor’s degree me students whose families make $48-$75k.
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 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%. 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 Mechanical Engineering at Northwestern University
Rice University landed the #7 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Houston, Texas is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 39 students in 2019-2020.
Rice not only placed well in this ranking. It is also #21 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Rice is $7,318 for Bachelor’s Degree ME students whose families make $48-$75k.
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%. 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. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.
Washington University in St Louis ranked #8 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $48-$75k list. WUSTL is a fairly large school located in Saint Louis, Missouri that handed out 104 bachelors’s ME degrees in 2019-2020.
WUSTL also took the #11 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend WUSTL is $11,832 for Bachelor’s Degree ME students whose families make $48-$75k.
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 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. 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%.
Cornell University did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking, coming in at #9. Ithaca, New York is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 156 students in 2019-2020.
Cornell also made our “Best Mechanical Engineering Bachelor’s Degree Schools” list, coming in at #6. The yearly cost to attend Cornell University is $11,869 for bachelor’s degree me students whose families make $48-$75k.
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 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%. 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.
Read more about Mechanical Engineering at Cornell University
Olin College landed the #10 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Needham, Massachusetts is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s ME degrees to 36 students in 2019-2020.
Olin College not only placed well in this ranking. It is also #1 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The estimated yearly cost for Olin College is $5,574 for Bachelor’s Degree ME students whose families make $48-$75k.
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.
Vanderbilt University came in at #11 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Located in Nashville, Tennessee, this fairly large private not-for-profit school awarded 49 degrees to qualified bachelors’s ME students in 2019-2020.
In addition to being on our bachelor’s degree me students whose families make $48-$75k list, Vanderbilt has also earned the #15 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It costs about $8,086 for Bachelor’s Degree ME students whose families make $48-$75k per year to attend Vanderbilt University.
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%. 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.
Read full report on Mechanical Engineering at Vanderbilt University
University of Michigan - Ann Arbor ranked #12 on this year’s Best Value ME Schools for a Bachelor’s For Those Making $48-$75k list. U-M is a public institution located in Ann Arbor, Michigan. The school has a large population, and it awarded 289 bachelors’s degrees in 2019-2020.
U-M also took the #10 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for U-M is $10,028 for Bachelor’s Degree ME students whose families make $48-$75k.
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%.
Johns Hopkins University came in at #13 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Located in Baltimore, Maryland, this large private not-for-profit school awarded 40 diplomas to qualified bachelors’s ME students in 2019-2020.
Johns Hopkins did well in our major quality rankings, too. It placed #24 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It costs about $9,049 for Bachelor’s Degree ME students whose families make $48-$75k per year to attend Johns Hopkins.
Students who start out at the school are likely to stick around. The freshman retention rate is 97%. 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. The low student loan default rate of 1.3% 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 did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking, coming in at #14. Purdue is a large public school situated in West Lafayette, Indiana. It awarded 376 bachelors’s ME degrees in 2019-2020.
Purdue also claimed a top spot on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. The estimated yearly cost for Purdue is $9,654 for Bachelor’s Degree ME students whose families make $48-$75k.
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%. With a freshman retention rate of 93%, the school does an excellent job of retaining its students.
Columbia University in the City of New York came in at #15 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Located in New York, New York, this large private not-for-profit school awarded 68 diplomas to qualified bachelors’s ME students 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 reviewed in that analysis. The estimated yearly cost for Columbia is $5,887 for Bachelor’s Degree ME students whose families make $48-$75k.
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 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 full report on Mechanical Engineering at Columbia University in the City of New York
With a ranking of #16, California Institute of Technology did quite well on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k list. Caltech is a small private not-for-profit school situated in Pasadena, California. It awarded 15 bachelors’s ME degrees in 2019-2020.
Caltech not only placed well in this ranking. It is also #16 on our “Best Mechanical Engineering Bachelor’s Degree Schools” list. The yearly cost to attend Caltech is $8,042 for Bachelor’s Degree ME students whose families make $48-$75k.
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 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%.
Full California Institute of Technology Mechanical Engineering Report
University of Pennsylvania came in at #17 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. University of Pennsylvania is a large private not-for-profit school situated in Philadelphia, Pennsylvania. It awarded 60 bachelors’s ME degrees in 2019-2020.
UPenn also took the #8 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend UPenn is $12,752 for bachelor’s degree me students whose families make $48-$75k.
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 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. Students who start out at the school are likely to stick around. The freshman retention rate is 95%.
Read more about Mechanical Engineering at University of Pennsylvania
University of Florida came in at #18 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. University of Florida is a large school located in Gainesville, Florida that handed out 320 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education it offers, UF is also in the top of our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It’s in the top 15% of all schools reviewed in that analysis. It costs about $8,528 for Bachelor’s Degree ME students whose families make $48-$75k per year to attend UF.
The school has an impressive student loan default rate. It’s only 2.0%, 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 97%.
University of Notre Dame landed the #19 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Located in Notre Dame, Indiana, this fairly large private not-for-profit school awarded 119 diplomas to qualified bachelors’s ME students in 2019-2020.
In addition to being on our bachelor’s degree me students whose families make $48-$75k list, Notre Dame has also earned the #7 rank in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The yearly cost to attend University of Notre Dame is $17,768 for Bachelor’s Degree ME students whose families make $48-$75k.
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 0.7%, which is quite low when compared to the national default rate of 10.1%. With a student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
University of Wisconsin - Madison came in at #20 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. University of Wisconsin - Madison is a large public school situated in Madison, Wisconsin. It awarded 190 bachelors’s ME 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 $13,227 for bachelor’s degree me students whose families make $48-$75k.
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 0.8%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Mechanical Engineering at University of Wisconsin - Madison
University of Washington - Seattle Campus landed the #21 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. UW Seattle is a public institution located in Seattle, Washington. The school has a large population, and it awarded 124 bachelors’s degrees in 2019-2020.
The yearly cost to attend UW Seattle is $9,694 for Bachelor’s Degree ME students whose families make $48-$75k.
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 school has an impressive student loan default rate. It’s only 2.2%, which is much lower than the national rate of 10.1%.
University of California - Berkeley landed the #22 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. 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.
As a testament to the quality of education offered at UC Berkeley, the school also landed the #13 spot in our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. The estimated yearly cost for UC Berkeley is $13,081 for Bachelor’s Degree ME students whose families make $48-$75k.
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 Illinois at Urbana-Champaign did quite well in the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking, coming in at #23. Located in Champaign, Illinois, this large public school awarded 179 diplomas to qualified bachelors’s ME students in 2019-2020.
As a testament to the quality of education it offers, UIUC is also in the top of our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It’s in the top 15% of all schools reviewed in that analysis. It costs about $13,351 for bachelor’s degree me students whose families make $48-$75k 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 came in at #24 in this year’s edition of the Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. UCLA is a large public school situated in Los Angeles, California. It awarded 137 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education it offers, UCLA is also in the top of our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. 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 University of California - Los Angeles is $13,081 for Bachelor’s Degree ME students whose families make $48-$75k.
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%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
Full University of California - Los Angeles Mechanical Engineering Report
Michigan Technological University landed the #25 spot on the 2022 Best Value ME Schools for a Bachelor’s For Those Making $48-$75k ranking. Michigan Technological University is a medium-sized public school situated in Houghton, Michigan. It awarded 283 bachelors’s ME degrees in 2019-2020.
As a testament to the quality of education it offers, Michigan Tech is also in the top of our “Best Mechanical Engineering Bachelor’s Degree Schools” ranking. It’s in the top 15% of all schools reviewed in that analysis. It costs about $13,720 for bachelor’s degree me students whose families make $48-$75k per year to attend Michigan Technological University.
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%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
Rest of the Best 49 in Best Value ME Schools for a Bachelor’s For Those Making $48-$75k
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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