Best Value Engineering Schools

In PayScale's College ROI Report, when sorting by school type, engineering schools easily top the list of best values.

Engineers use science and math to solve real-life problems, and engineering graduates' skillset makes them highly sought after by many employers after graduation.  Read More

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1United States Merchant Marine Academy (USMMA)(Federal)
20 Year Net ROI$1,056,000
Total 4 Year Cost$33,100
Grad Rate72%
Time to Graduate4 Years
Loan Amt$12,300
2Harvey Mudd College(Private)
20 Year Net ROI$962,000
Total 4 Year Cost$260,000
Grad Rate90%
Time to Graduate4 Years
Loan Amt$24,400
3Massachusetts Institute of Technology (MIT)(Private)
20 Year Net ROI$959,000
Total 4 Year Cost$240,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$32,200
4Colorado School of Mines(In-State)
20 Year Net ROI$883,000
Total 4 Year Cost$123,000
Grad Rate76%
Time to Graduate5 Years
Loan Amt$33,400
5California Institute of Technology (Caltech)(Private)
20 Year Net ROI$864,000
Total 4 Year Cost$240,000
Grad Rate92%
Time to Graduate4 Years
Loan Amt$19,000
6Webb Institute(Private)
20 Year Net ROI$854,000
Total 4 Year Cost$209,000
Grad Rate91%
Time to Graduate4 Years
Loan Amt$25,200
7Georgia Institute of Technology(In-State)
20 Year Net ROI$824,000
Total 4 Year Cost$96,200
Grad Rate82%
Time to Graduate5 Years
Loan Amt$31,700
8Colorado School of Mines(Out-of-State)
20 Year Net ROI$818,000
Total 4 Year Cost$188,000
Grad Rate76%
Time to Graduate5 Years
Loan Amt$33,400
9Stevens Institute of Technology(Private)
20 Year Net ROI$800,000
Total 4 Year Cost$244,000
Grad Rate82%
Time to Graduate5 Years
Loan Amt$45,800
10Worcester Polytechnic Institute (WPI)(Private)
20 Year Net ROI$752,000
Total 4 Year Cost$235,000
Grad Rate85%
Time to Graduate4 Years
Loan Amt$43,000
11Georgia Institute of Technology(Out-of-State)
20 Year Net ROI$746,000
Total 4 Year Cost$174,000
Grad Rate82%
Time to Graduate5 Years
Loan Amt$31,700
12Kettering University(Private)
20 Year Net ROI$743,000
Total 4 Year Cost$208,000
Grad Rate57%
Time to Graduate5 Years
Loan Amt$41,700
13Rose-Hulman Institute of Technology (RHIT)(Private)
20 Year Net ROI$738,000
Total 4 Year Cost$232,000
Grad Rate78%
Time to Graduate4 Years
Loan Amt$45,500
14Maine Maritime Academy(In-State)
20 Year Net ROI$725,000
Total 4 Year Cost$100,000
Grad Rate70%
Time to Graduate4 Years
Loan Amt$43,200
15Missouri University of Science and Technology (S&T)(In-State)
20 Year Net ROI$713,000
Total 4 Year Cost$87,400
Grad Rate63%
Time to Graduate5 Years
Loan Amt$27,500

*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 you'll be in high demand and command an equally high salary. With a STEM degree or other degree from a respected engineering school, a student can go on to enjoy a successful career in many fields.

The California Institute of Technology is in a league of its own. Consistently ranked among the best universities in the world for engineering, technology and the physical sciences, Caltech -- as it's more commonly known was 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. Caltech offers 24 majors, or "options," and six minors, with computer science, electrical engineering and chemical engineering being among the most popular.

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 provides 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.

Based in Claremont, California, Harvey Mudd College is a private school with a tiny population of around 800 undergraduate students, but the school punches far above its weight when it comes to ROI. A significant percentage of its 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 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. Without a doubt, the school offers one of the best values in engineering schools.