Milwaukee School of Engineering
Milwaukee, Wisconsin · Private Nonprofit · 58.9% acceptance rate
ROI Score: 89/100 · Strong Value
Data: 2024-25 College Scorecard release
Milwaukee School of Engineering scores 89 (Strong Value) on the CampusROI scale, posting an exceptional 4.3-year payback period and a 94.8% repayment rate - the latter among the highest in this dataset. At $58,800 median 6-year earnings and $50,480 sticker tuition, MSOE compresses the payback by delivering engineering-grade starting salaries immediately upon graduation. Net price of $22,453 makes the actual cost more manageable than sticker suggests. The program mix is engineering-concentrated: Computer Engineering (67 graduates, $78,333 year-one), Electrical Engineering (67 graduates, $74,901 year-one), Mechanical Engineering (92 graduates, $68,976 year-one), and Civil Engineering (47 graduates, $72,940 year-one) all post year-one earnings well above national medians. Nursing (72 graduates, $73,835 year-one) adds healthcare volume. Biomedical Engineering (33 graduates, $70,090 year-one) rounds out the health-STEM overlap. The 67.1% completion rate is the primary concern in an otherwise strong profile. At 2,654 undergraduates, MSOE is a small, focused technical institution where practically every student is in STEM, engineering technology, nursing, or business.
The median graduate earns $89,070 ten years after entry - well above the national median of roughly $55,000 for 4-year college graduates.
Milwaukee School of Engineering
Quick Numbers
| In-state tuition + fees | $50,480/yr |
| Out-of-state tuition + fees | $50,480/yr |
| Average net price | $22,453/yr |
| Total 4-year cost (net) | $89,812 |
| Median earnings (10yr post-entry) | $89,070 |
| Median earnings (6yr post-entry) | $58,800 |
| Median debt at graduation | $27,000 |
| Estimated monthly loan payment | $286 |
| Estimated payback period | 4.3 years |
| 6-year graduation rate | 67.1% |
| Undergraduate enrollment | 2,654 |
Data as of 2024-2025. Source: College Scorecard API (U.S. Department of Education).
The Full Financial Picture
The first number you'll see is the sticker price: $50,480/year. Here's the part that matters - almost nobody pays that. After grants, scholarships, and aid, the average student here pays a net price of $22,453/year, or roughly $89,812 over four years. That's the number to plan around.
What you actually pay depends a lot on what your family earns. Families making under $30,000/year pay an average of $11,607/year here, while families earning over $110,000 pay $30,292/year.
Most students borrow to get here. The median graduate leaves owing $27,000 in federal loans, which works out to about $286 a month on the standard 10-year repayment plan. Hold that up against the $89,070 the typical graduate earns ten years out: the debt-to-earnings ratio comes to 0.46, comfortably manageable.
Net Price by Family Income
What families actually pay after grants and scholarships, by income bracket.
| Family Income | Avg Net Price/Year |
|---|---|
| $0 - $30,000 | $11,607 |
| $30,001 - $48,000 | $15,919 |
| $48,001 - $75,000 | $14,495 |
| $75,001 - $110,000 | $19,034 |
| $110,001+ | $30,292 |
Cost by Income Bracket Explained
Lower-income families (under $30K)
Students from the 0-30000 bracket pay $11,607 per year - $46,428 over four years. Against Computer Engineering's $78,333 year-one earnings, this bracket recovers total four-year investment in roughly seven months of employment. MSOE's low-income net price is competitive for a private engineering school. The key risk at this price level is the 67.1% completion rate - non-completion at a $46,428 total investment is a significant financial setback.
Middle-income families ($30K-$110K)
The 48001-75000 bracket pays $14,495 and the 75001-110000 bracket pays $19,034 per year. At $76,136 total over four years for the upper-middle bracket, MSOE's engineering programs generate returns that justify the investment if the student completes. The payback from engineering earnings ($68,000-$78,000 year-one) on $76,000 invested is approximately one year of post-graduation income.
Higher-income families ($110K+)
Families above $110,000 pay $30,292 per year - $121,168 over four years. At full private school pricing, MSOE competes with comparable engineering schools on outcomes. Engineering year-one earnings of $70,000-$78,000 against $121,000 total investment yield a payback of under two years from graduation. The 4.3-year overall payback period reflects this: for engineering programs at full pay, MSOE delivers competitive value.
Earnings by Major
Top 10 most popular majors at Milwaukee School of Engineering with available earnings data.
| Major | Median Earnings | Grade |
|---|---|---|
| Mechanical Engineering | $85,791 | B |
| Registered Nursing | $82,822 | B |
| Computer Engineering | $103,360 | B+ |
| Electrical Engineering | $93,201 | B |
| Civil Engineering | $92,809 | - |
| Biomedical Engineering | $93,229 | B |
| Architectural Engineering | $88,756 | - |
| Industrial Engineering | $87,279 | B |
| Business Administration, Management, and Operations | $86,550 | - |
| Chemical Engineering | $81,935 | C+ |
Earnings reflect median 4-year post-completion (or 1-year where 4-year unavailable). Grades based on debt-to-earnings ratio.
Program Analysis
Why these programs deliver their earnings outcomes.
Computer Engineering
Computer Engineering (67 graduates) earns $78,333 at year one and $103,360 at year four with $27,000 median debt and a 0.345 debt-to-earnings ratio (ROI grade B+). Year-one earnings of $78,333 against $22,453 annual net price deliver a payback period well under two years for this program. Computer Engineering is MSOE's highest-paying program by year-one volume, feeding Milwaukee's growing technology sector and national software employers.
Electrical Engineering
Electrical Engineering (67 graduates) earns $74,901 at year one and $93,201 at year four with $27,000 median debt and a 0.360 debt-to-earnings ratio (ROI grade B). EE and Computer Engineering have matching graduate counts, reflecting the tight overlap between these fields at MSOE. Graduates enter embedded systems, power electronics, automation, and defense sectors.
Mechanical Engineering
Mechanical Engineering is MSOE's largest program at 92 graduates, with $68,976 year-one and $85,791 four-year earnings. Median debt $27,000, debt-to-earnings ratio 0.391 (ROI grade B). ME's year-one earnings are slightly below Computer and Electrical Engineering but still strong - and the program volume suggests strong employer demand. Milwaukee's industrial manufacturing base and the upper Midwest's engineering labor market absorb most graduates.
Registered Nursing
Nursing (72 graduates) earns $73,835 at year one and $82,822 at year four with $31,666 median debt and a 0.429 debt-to-earnings ratio (ROI grade B). Nursing at MSOE has slightly higher debt than nursing at public universities, reflecting the private school premium. Year-one earnings are competitive with regional nursing wages. Students committed to nursing in a small technical environment will find MSOE's program solid, though public alternatives carry lower debt exposure.
How Graduates Do
Earnings
Loan Repayment
| Metric | This School | Nat'l Avg |
|---|---|---|
| 1-year repayment | 92.2% | 52.0% |
| 3-year repayment | 94.8% | 62.0% |
| 5-year repayment | 85.0% | 68.0% |
| 7-year repayment | 87.4% | 72.0% |
Completion Rate
Trends Over Time
How Milwaukee School of Engineering’s cost and outcomes have moved across College Scorecard releases (2009-2023).
Average Net Price
Completion Rate
Median Earnings, 10 Years After Entry (as reported)
Earnings reflect borrowers measured 10 years after entry and publish on an irregular cadence with a multi-year reporting lag, so this series shows only the years the Department of Education reported - the data is never interpolated.
Source: U.S. Department of Education College Scorecard, release years shown. Net price and completion are reported annually.
Admissions Snapshot
| Acceptance rate | 58.9% |
| Enrollment | 2,654 |
| Pell Grant recipients | 24.2% |
| Avg faculty salary (monthly) | $10,194 |
MSOE admits 58.9% of applicants. No test score data is reported. The application process is standard for a specialized technical school - academic preparation in math and science is the key determinant. Students who have not taken calculus and physics in high school will struggle in MSOE's engineering programs regardless of admission. Faculty-to-student ratios at a 2,600-student school mean students interact closely with instructors.
Compared to Similar Schools
Peer institutions matched by type, size, and selectivity.
MSOE's Scorecard peers include Alverno College, Bellin College, Illinois Institute of Technology, University of Tulsa, and Drake University. Among meaningful engineering comparisons, Illinois Institute of Technology (IIT) is the closest peer - a private engineering-focused university in a Midwest city. IIT's broader academic scope differs from MSOE's applied focus. MSOE's 94.8% repayment rate is notably higher than most peers, confirming that graduates who complete are financially successful. The 67.1% completion rate is the institution's outstanding weakness relative to its otherwise strong value profile.
| School | ROI | Net Price | 10yr Earnings |
|---|---|---|---|
| Milwaukee School of Engineering (this school) | 89 | $22,453 | $89,070 |
| Illinois Institute of Technology | 92 | $18,425 | $82,592 |
| University of Tulsa | 83 | $15,000 | $61,408 |
| Drake University | 81 | $29,127 | $71,901 |
| Bellin College | 72 | $37,408 | $76,222 |
| Alverno College | 39 | $22,540 | $53,145 |
Who Thrives Here
MSOE is a private nonprofit engineering and applied science university in downtown Milwaukee serving 2,654 undergraduates. The 58.9% admission rate makes it moderately selective in the context of specialized technical schools. No standardized test mid-range data is reported. The Pell grant rate of 24.2% suggests a middle-income-skewing student body. Students who are serious about engineering, nursing, or applied science in a small cohort environment will find strong technical training and near-instant career placement. Students not committed to a technical or health discipline should look elsewhere - MSOE's program offerings and culture are built entirely around applied professional training.
The Verdict: The Investment Pays Off
For most students, Milwaukee School of Engineering pays off. You'd pay about $22,453 a year after aid ($89,812 over four years), and the typical graduate earns $89,070 ten years after enrollment. That puts the payback - the time it takes for the earnings bump to cover what you spent - at roughly 4.3 years, a solid return.
What it has going for it: a strong earnings premium over high school graduates, manageable debt relative to earnings, high loan repayment success.
Median debt of $27,000 against $89,070 in earnings is reasonable, though your major matters a lot here. Graduates in higher-earning fields will see the better end of this.
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Data: College Scorecard API (U.S. Department of Education)
Vintage: 2024-2025 · Last updated: 2026-03-25
Earnings reflect median outcomes for all federal financial aid recipients. Individual results vary by major, effort, and career path.