2022 Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $0-$30k) in the Rocky Mountains Region

When pursuing a degree in today’s world, students have many different options to choose from. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Petroleum Engineering Schools for a Bachelor’s in the Rocky Mountains Region For Those Making $0-$30k” ranking.

Petroleum Engineering is the 180th most popular major in the country with 1,582 degrees awarded in 2019-2020. In 2017-2018, petroleum engineering graduates who were awarded their degree in 2015-2017, earned an average of $66,730 and had an average of $24,667 in loans still to pay off.

Across the Rocky Mountains region, there were 225 petroleum engineering graduates with average earnings and debt of $67,233 and $23,717 respectively. At the bachelor’s degree level specifically, there were 177 petroleum engineering graduates with average earnings and debt of $38,111 and $23,874 respectively.

This year’s “Best Value Petroleum Engineering Schools for a Bachelor’s in the Rocky Mountains Region For Those Making $0-$30k” ranking analyzed 3 colleges that offered a degree in petroleum engineering. This ranking identifies schools with high-quality petroleum 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 petroleum engineering program at the school. See our ranking methodology to learn more.

One Size Does Not Fit All

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

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Petroleum Engineering Schools for a Bachelor’s in the Rocky Mountains Region For Those Making $0-$30k

The colleges and universities below are the best for rocky mountains region bachelor’s degree petroleum engineering students whose families make $0-$30k.

Top 3 Best Value Bachelor’s Degree Colleges for Petroleum Engineering (Income $0-$30k) in the Rocky Mountains Region

#1

University of Wyoming

Laramie, Wyoming

#3 in overall quality

$8,231 Average Net Price

$75,047 Average Early-Career Earnings

Out of the 3 schools in the Best Value Petroleum Engineering Schools for a Bachelor’s in the Rocky Mountains Region For Those Making $0-$30k that were part of this year’s ranking, University of Wyoming landed the #1 spot on the list. This fairly large school is located in Laramie, Wyoming, and it awarded 65 bachelors’s petroleum engineering degrees in 2019-2020.

UW also took the #3 spot in our “Best Petroleum Engineering Bachelor’s Degree Schools in the Rocky Mountains Region” ranking. It costs about $8,231 for rocky mountains region bachelor’s degree petroleum engineering students whose families make $0-$30k per year to attend University of Wyoming.

The low student loan default rate of 4.5% 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%.

Read more about Petroleum Engineering at University of Wyoming

#2

Colorado School of Mines

Golden, Colorado

#1 in overall quality

$17,276 Average Net Price

$88,785 Average Early-Career Earnings

You’ll be in good company if you decide to attend Colorado School of Mines. It ranked #2 on our 2022 Best Value Petroleum Engineering Schools for a Bachelor’s in the Rocky Mountains Region For Those Making $0-$30k list. This medium-sized school is located in Golden, Colorado, and it awarded 84 bachelors’s petroleum engineering degrees in 2019-2020.

Mines not only placed well in this ranking. It is also #1 on our “Best Petroleum Engineering Bachelor’s Degree Schools in the Rocky Mountains Region” list. The estimated yearly cost for Colorado School of Mines is $17,276 for rocky mountains region bachelor’s degree petroleum engineering students whose families make $0-$30k.

Students who start out at the school are likely to stick around. The freshman retention rate is 92%. 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%.

Full Mines Petroleum Engineering Report

#3

Montana Technological University

Butte, Montana

#2 in overall quality

$11,010 Average Net Price

$88,096 Average Early-Career Earnings

Out of the 3 schools in the Best Value Petroleum Engineering Schools for a Bachelor’s in the Rocky Mountains Region For Those Making $0-$30k that were part of this year’s ranking, Montana Technological University landed the #3 spot on the list. This small school is located in Butte, Montana, and it awarded 28 bachelors’s petroleum engineering degrees in 2019-2020.

In addition to being on our rocky mountains region bachelor’s degree petroleum engineering students whose families make $0-$30k list, Montana Tech has also earned the #2 rank in our “Best Petroleum Engineering Bachelor’s Degree Schools in the Rocky Mountains Region” ranking. The estimated yearly cost for Montana Tech is $11,010 for rocky mountains region bachelor’s degree petroleum engineering students whose families make $0-$30k.

Full Montana Tech Petroleum Engineering Report

• Best Value Bachelor’s Degree Colleges for Petroleum 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.

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