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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16New Jersey Institute of Technology (NJIT)(In-State)
20 Year Net ROI$688,000
Total 4 Year Cost$131,000
Grad Rate59%
Time to Graduate5 Years
Loan Amt$31,900
17Maine Maritime Academy(Out-of-State)
20 Year Net ROI$680,000
Total 4 Year Cost$145,000
Grad Rate70%
Time to Graduate4 Years
Loan Amt$43,200
18Rensselaer Polytechnic Institute (RPI)(Private)
20 Year Net ROI$676,000
Total 4 Year Cost$252,000
Grad Rate82%
Time to Graduate4 Years
Loan Amt$42,800
19Missouri University of Science and Technology (S&T)(Out-of-State)
20 Year Net ROI$654,000
Total 4 Year Cost$147,000
Grad Rate63%
Time to Graduate5 Years
Loan Amt$27,500
20 (tie)Capitol College(Private)
20 Year Net ROI$653,000
Total 4 Year Cost$135,000
Grad Rate41%
Time to Graduate5 Years
Loan Amt$37,000
20 (tie)South Dakota School of Mines & Technology(In-State)
20 Year Net ROI$653,000
Total 4 Year Cost$89,700
Grad Rate54%
Time to Graduate5 Years
Loan Amt$29,200
22South Dakota School of Mines & Technology(Out-of-State)
20 Year Net ROI$641,000
Total 4 Year Cost$102,000
Grad Rate54%
Time to Graduate5 Years
Loan Amt$29,200
23New Jersey Institute of Technology (NJIT)(Out-of-State)
20 Year Net ROI$635,000
Total 4 Year Cost$184,000
Grad Rate59%
Time to Graduate5 Years
Loan Amt$31,900
24Michigan Technological University(In-State)
20 Year Net ROI$625,000
Total 4 Year Cost$107,000
Grad Rate64%
Time to Graduate5 Years
Loan Amt$29,300
25Clarkson University - Potsdam, NY(Private)
20 Year Net ROI$620,000
Total 4 Year Cost$235,000
Grad Rate71%
Time to Graduate4 Years
Loan Amt$37,200
26Montana Tech of The University of Montana(In-State)
20 Year Net ROI$612,000
Total 4 Year Cost$75,700
Grad Rate44%
Time to Graduate5 Years
Loan Amt$22,400
27New Mexico Institute of Mining and Technology (New Mexico Tech)(In-State)
20 Year Net ROI$601,000
Total 4 Year Cost$76,000
Grad Rate45%
Time to Graduate5 Years
Loan Amt$19,600
28 (tie)Cooper Union for The Advancement of Science and Art(Private)
20 Year Net ROI$590,000
Total 4 Year Cost$237,000
Grad Rate84%
Time to Graduate4 Years
Loan Amt$19,300
28 (tie)Milwaukee School of Engineering(Private)
20 Year Net ROI$590,000
Total 4 Year Cost$187,000
Grad Rate56%
Time to Graduate5 Years
Loan Amt$32,100
30Michigan Technological University(Out-of-State)
20 Year Net ROI$565,000
Total 4 Year Cost$167,000
Grad Rate64%
Time to Graduate5 Years
Loan Amt$29,300

*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.