2022 Best Value Bachelor’s Degree Colleges for Engineering (Income Over $110k) in New Jersey
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 Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k” ranking is one tool we have developed to help in this regard.
In 2019-2020, 200,458 engineering students received their degree, making the major the 6th most popular in the country. In 2017-2018, engineering graduates who were awarded their degree in 2015-2017, earned an average of $64,888 and had an average of $23,564 in loans still to pay off.
Across New Jersey, there were 4,832 engineering graduates with average earnings and debt of $64,066 and $24,187 respectively. At the bachelor’s degree level specifically, there were 2,764 engineering graduates with average earnings and debt of $39,288 and $24,807 respectively.
This year’s “Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k” ranking analyzed 8 colleges that offered a degree in engineering. This ranking identifies schools with high-quality engineering programs that also have a lower cost than schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the engineering program at the school and the cost to attend the school once aid has been awarded. Check out our ranking methodology for more information.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k” list, to help you choose the best school for you.
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Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k
The following schools top our list of the Best Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k.
Top 8 Best Value Bachelor’s Degree Colleges for Engineering (Income Over $110k) in New Jersey
You’ll join some of the best and brightest minds around if you attend New Jersey Institute of Technology. The school came in at #1 for the Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k. NJIT is a fairly large school located in Newark, New Jersey that handed out 706 bachelors’s engineering degrees in 2019-2020.
As a testament to the quality of education offered at NJIT, the school also landed the #4 spot in our “Best Engineering Bachelor’s Degree Schools in New Jersey” ranking. The estimated yearly cost for NJIT is $19,706 for new jersey bachelor’s degree engineering students whose families make more than $110k.
The student loan default rate at the school is 4.9%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 89%, the school does an excellent job of retaining its students.
Out of the 8 schools in the Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k that were part of this year’s ranking, Princeton University landed the #2 spot on the list. Princeton, New Jersey is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s engineering degrees to 185 students in 2019-2020.
Princeton did well in our major quality rankings, too. It placed #1 on our “Best Engineering Bachelor’s Degree Schools in New Jersey” list. The estimated yearly cost for Princeton University is $11,317 for new jersey bachelor’s degree engineering students whose families make more than $110k.
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%. 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.
You’ll be in good company if you decide to attend Rutgers University - New Brunswick. It ranked #3 on our 2022 Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k list. Rutgers New Brunswick is located in New Brunswick, New Jersey and, has a large student population. In 2019-2020, this school awarded 988 bachelors’s engineering degrees to qualified students.
Rutgers New Brunswick did well in our major quality rankings, too. It placed #3 on our “Best Engineering Bachelor’s Degree Schools in New Jersey” list. The estimated yearly cost for Rutgers New Brunswick is $21,654 for new jersey bachelor’s degree engineering students whose families make more than $110k.
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%. With a freshman retention rate of 93%, the school does an excellent job of retaining its students.
Out of the 8 schools in the Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k that were part of this year’s ranking, Fairleigh Dickinson University - Metropolitan Campus landed the #4 spot on the list. Fairleigh Dickinson University - Metropolitan Campus is a medium-sized private not-for-profit school situated in Teaneck, New Jersey. It awarded 19 bachelors’s engineering degrees in 2019-2020.
FDU did well in our major quality rankings, too. It placed #7 on our “Best Engineering Bachelor’s Degree Schools in New Jersey” list. The estimated yearly cost for FDU is $15,147 for new jersey bachelor’s degree engineering students whose families make more than $110k.
Out of the 8 schools in the Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k that were part of this year’s ranking, The College of New Jersey landed the #5 spot on the list. Located in Ewing, New Jersey, this medium-sized public school awarded 120 diplomas to qualified bachelors’s engineering students in 2019-2020.
TCNJ not only placed well in this ranking. It is also #5 on our “Best Engineering Bachelor’s Degree Schools in New Jersey” list. It costs about $27,541 for new jersey bachelor’s degree engineering students whose families make more than $110k per year to attend TCNJ.
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%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Rowan University came in at #6 in this year’s edition of the Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k ranking. Located in Glassboro, New Jersey, this fairly large public school awarded 325 diplomas to qualified bachelors’s engineering students in 2019-2020.
Rowan also took the #6 spot in our “Best Engineering Bachelor’s Degree Schools in New Jersey” ranking. The yearly cost to attend Rowan University is $25,454 for new jersey bachelor’s degree engineering students whose families make more than $110k.
Stevens Institute of Technology landed the #7 spot on the 2022 Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k ranking. Stevens Institute of Technology is a medium-sized private not-for-profit school situated in Hoboken, New Jersey. It awarded 413 bachelors’s engineering degrees in 2019-2020.
In addition to being on our new jersey bachelor’s degree engineering students whose families make more than $110k list, Stevens has also earned the #2 rank in our “Best Engineering Bachelor’s Degree Schools in New Jersey” ranking. It costs about $37,588 for New Jersey Bachelor’s Degree Engineering students whose families make more than $110k per year to attend Stevens.
Students who start out at the school are likely to stick around. The freshman retention rate is 93%. 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%.
Monmouth University ranked #8 on this year’s Best Vallue Engineering Schools for a Bachelor’s in New Jersey For Those Making Over $110k list. Monmouth University is a private not-for-profit institution located in West Long Branch, New Jersey. The school has a medium-sized population, and it awarded 5 bachelors’s degrees in 2019-2020.
In addition to being on our new jersey bachelor’s degree engineering students whose families make more than $110k list, Monmouth has also earned the #8 rank in our “Best Engineering Bachelor’s Degree Schools in New Jersey” ranking. The estimated yearly cost for Monmouth is $29,548 for new jersey bachelor’s degree engineering students whose families make more than $110k.
The low student loan default rate of 3.1% 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%.
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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 Petty Officer 3rd Class Declan Barnes.
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