Best Value Engineering Schools

In PayScale's College ROI Report, engineering schools top the list of best values.  Read More

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1Harvey Mudd College(Private)
20 Year Net ROI$985,300
Total 4 Year Cost$237,700
Grad Rate91%
Time to Graduate4 Years
Loan Amt$21,920
2California Institute of Technology (Caltech)(Private)
20 Year Net ROI$901,400
Total 4 Year Cost$221,600
Grad Rate93%
Time to Graduate4 Years
Loan Amt$22,160
3Stevens Institute of Technology(Private)
20 Year Net ROI$841,000
Total 4 Year Cost$232,000
Grad Rate79%
Time to Graduate5 Years
Loan Amt$44,000
4Colorado School of Mines(In-State)
20 Year Net ROI$831,000
Total 4 Year Cost$112,000
Grad Rate70%
Time to Graduate5 Years
Loan Amt$30,480
5Massachusetts Institute of Technology (MIT)(Private)
20 Year Net ROI$798,500
Total 4 Year Cost$224,500
Grad Rate93%
Time to Graduate4 Years
Loan Amt$33,680
6Georgia Institute of Technology(In-State)
20 Year Net ROI$796,300
Total 4 Year Cost$86,700
Grad Rate82%
Time to Graduate5 Years
Loan Amt$30,600
7Colorado School of Mines(Out-of-State)
20 Year Net ROI$771,000
Total 4 Year Cost$172,000
Grad Rate70%
Time to Graduate5 Years
Loan Amt$30,480
8Kettering University(Private)
20 Year Net ROI$752,900
Total 4 Year Cost$190,100
Grad Rate61%
Time to Graduate5 Years
Loan Amt$45,600
9Rose-Hulman Institute of Technology (RHIT)(Private)
20 Year Net ROI$735,100
Total 4 Year Cost$217,900
Grad Rate73%
Time to Graduate4 Years
Loan Amt$40,800
10Missouri University of Science and Technology (S&T)(In-State)
20 Year Net ROI$726,000
Total 4 Year Cost$87,000
Grad Rate63%
Time to Graduate5 Years
Loan Amt$26,400
11Worcester Polytechnic Institute (WPI)(Private)
20 Year Net ROI$722,100
Total 4 Year Cost$220,900
Grad Rate81%
Time to Graduate4 Years
Loan Amt$43,600
12Georgia Institute of Technology(Out-of-State)
20 Year Net ROI$721,300
Total 4 Year Cost$161,700
Grad Rate82%
Time to Graduate5 Years
Loan Amt$30,600
13NYU Polytechnic School of Engineering(Private)
20 Year Net ROI$713,900
Total 4 Year Cost$219,100
Grad Rate57%
Time to Graduate5 Years
Loan Amt$31,280
14South Dakota School of Mines & Technology(In-State)
20 Year Net ROI$700,900
Total 4 Year Cost$82,100
Grad Rate46%
Time to Graduate5 Years
Loan Amt$27,760
15South Dakota School of Mines & Technology(Out-of-State)
20 Year Net ROI$692,900
Total 4 Year Cost$90,100
Grad Rate46%
Time to Graduate5 Years
Loan Amt$27,760

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

The top engineering schools tend to be highly competitive, but earning a degree from one means that you will be in high demand and command an equally high salary. With a STEM degree or other degree from a best value engineering school, a student can go on to enjoy a successful career in many fields. No matter why you are interested in attending an engineering school, consider using PayScale's data to identify the best value engineering schools before sending any applications.

With a first-place ranking on our national 20 Year Net ROI list, Harvey Mudd College is in a league of its own. Based in Claremont, California, the private school has a tiny population of around 800 undergraduate students. A significant percentage of those students go on to earn PhDs after earning degrees in mathematics, physics, chemistry, biology, computer science and, of course, engineering. Harvey Mudd College offers bachelor's of science degrees in a variety of science, math and engineering majors, and students can also attend classes at other schools in the Claremont Colleges consortium. Harvey Mudd alums report a median return of investment of $985,300, which increases to a staggering total of $1,104,500 when financial aid is included. Without a doubt, the school deserves its top slot for offering some of the best values in engineering schools.

Consistently ranked among the best universities in the world for engineering, technology and the physical sciences, the California Institute of Technology -- or Caltech, as it's more commonly known -- enjoys a 2nd-place ranking on the national 20 Year Net ROI list. Founded in 1891, the private, Pasadena-based university is split up into six academic divisions, most of which have an emphasis on science and engineering. The 20 Year Net ROI of Caltech is $901,400 without financial aid; with financial aid, it zooms up to $1,029,700. Caltech offers 24 majors, or "options," and six minors, with computer science, electrical engineering and chemical engineering being among the most popular.

The private, Hoboken, New Jersey-based Stevens Institute of Technology is ranked fourth nationally in terms of 20 Year Net ROI. SIT, as it's more commonly known, is split up into four academic schools offering 29 undergraduate majors, 122 certificate programs, 22 PhD programs and 43 master's programs. Every year, SIT confers significant numbers of STEM degrees to graduates, who enjoy a faculty-to-student ratio of 7:1. Alumni of the school report a median return of investment of $841,000, which increases to $948,300 with financial aid. Known for its commitment to innovation and entrepreneurship, Stevens Institute of Technology is an excellent option for anyone who wants to earn a degree in engineering.

One-third of all manned space flights have included graduates of Massachusetts Institute of Technology, or MIT, so it's easy to see why it's among the best engineering schools a person can select. Located in Cambridge, the private university is ranked seventh on the national 20 Year Net ROI list. Indeed, its 20 Year Net ROI is $798,500 -- which skyrockets to $943,600 with financial aid -- easily making it among the best engineering schools return on investment you can find. Programs offered by its five schools and colleges span many fields, but the physical sciences and engineering are undoubtedly among the most popular. Since its founding in 1861, MIT has produced or been associated with more than 80 Nobel Laureates, 45 Rhodes Scholars, 52 National Medal of Science recipients and two Fields Medalists, so you would be hard-pressed to find a more prestigious engineering school offering this kind of value.