Milwaukee School of Engineering's published cost of attendance is $60,439 per year, consisting of $48,421 in tuition and fees, $12,562 for room and board, and $1,000 for books and supplies. However, the average student pays significantly less after financial aid, with a net price of $24,021 representing average savings of $36,418 annually.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $62,648 |
| Tuition and Fees | $50,480 |
| Room and Board | $13,984 |
| Books and Supplies | $1,000 |
| Average Financial Aid (Grants and Scholarships) | -$40,195 |
| Average Net Price (What Families Pay) | $22,453 |
| Family Income | Net Price |
|---|---|
| $0–30k | $11,607 |
| $30–48k | $15,919 |
| $48–75k | $14,495 |
| $75–110k | $19,034 |
| $110k+ | $30,292 |
Milwaukee School of Engineering's published cost of attendance is $60,439 per year, consisting of $48,421 in tuition and fees, $12,562 for room and board, and $1,000 for books and supplies. However, the average student pays significantly less after financial aid, with a net price of $24,021 representing average savings of $36,418 annually. This 60% reduction from sticker price indicates substantial financial aid availability, though the final net price remains $3,122 above the peer median of $27,143 for similar private nonprofit institutions.
The cost structure reflects Milwaukee School of Engineering's position as a specialized technical institution, with tuition levels that support smaller class sizes and specialized laboratory equipment typical of engineering programs. The significant gap between published price and average net cost demonstrates the institution's commitment to making technical education accessible despite higher operating costs. Students should focus on net price rather than sticker price when evaluating affordability, as the financial aid system substantially reduces costs for most families.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
Milwaukee School of Engineering graduates carry a median debt of $27,000, which is $2,819 above the peer median of $24,181 for similar institutions. Student debt ranges from $12,000 at the 25th percentile to $30,910 at the 75th percentile, indicating most graduates borrow moderate amounts rather than accumulating excessive debt burdens.
The debt-to-earnings ratio of 0.30 means typical graduates owe about 30 cents for every dollar of annual income, which represents manageable borrowing relative to post-graduation earning potential. While debt levels rank at the 4th percentile nationally, indicating higher borrowing than most institutions, this must be interpreted within the context of exceptional earnings outcomes that rank at the 96th percentile.
How cost compares to graduate earnings and value added.
Milwaukee School of Engineering represents an exceptional educational investment despite above-average costs and debt levels. Graduates earn $26,100 beyond expectations compared to similar students nationally, ranking at the 96.3rd percentile for value creation.
The median earnings of $89,070 substantially exceed the peer median of $63,066, creating a $26,004 annual premium that quickly justifies higher educational costs. While the net price of $24,021 exceeds peer institutions by $3,122 annually, the long-term earnings advantage more than compensates for this additional investment.
The debt-to-earnings ratio of 0.30 indicates sustainable borrowing levels relative to post-graduation income potential. Milwaukee School of Engineering ranks among the top 5% nationally for both median earnings and earnings beyond expectations, indicating consistent value delivery across graduates.
Milwaukee School of Engineering enrolls 22.7% Pell-eligible students, indicating nearly one in four students qualifies for federal need-based aid typically reserved for families earning less than $50,000. This Pell share demonstrates meaningful access for lower-income students within the context of a private technical institution.
The substantial financial aid savings of $36,418 annually shows the institution invests heavily in making education affordable despite high operating costs associated with technical programming. The progressive net price structure, ranging from $14,869 for lowest-income families to $31,207 for highest-income families, reflects targeted aid distribution that enables economic diversity within the student body.
The university's aid strategy appears designed to maintain accessibility while supporting the specialized facilities and equipment necessary for quality technical education. Students from middle-income families should note that aid continues through higher income brackets, with meaningful cost reductions available for families earning up to $110,000 annually.
Parent PLUS borrowers carry a median debt of $25,142 with monthly payments of $331, representing additional family borrowing beyond student loans. The higher debt levels reflect the institution's above-average costs, but the substantial earnings premium helps justify the additional borrowing for most students.
