1 / 50
#50. Rutgers University-New Brunswick
- 40-year NPV: $1,389,000
- Median earnings after 10 years: $65,661
- Earn more than high school graduates after 10 years: 85%
- Net-price: $21,654
- Graduation rate: 82%
- Median debt: $19,000
Public colleges with the best return on investment
As of March 2026, student loan debt totals around $1.84 trillion in the U.S. According to the Education Data Initiative, about 42.8 million adults across America have outstanding student loan debt, averaging about $39,550 per person. Those astronomical numbers have caused some to wonder if college is a sound investment.
Researchers from the Foundation for Research on Equal Opportunity say it is—in many cases, anyway. A May 2024 report found that higher education credentials, including bachelor's degrees, doctorates, and undergraduate certificates, generally offer a significant return on investment (the money spent on tuition and other expenses). However, the study also notes that the exact amount of return varies based on the degree and, notably, the institution.
To help future students make a more informed decision, the research team behind the studies ranked 4,500 colleges, determining the best financial options. To do this, the team used data collected by College Scorecard.
The study ranks schools by the net present value, a measure of the projected earnings of an investment against the anticipated costs, both in today's dollars and taking into account discounting interest rates, to determine whether an investment is worth making. Colleges were then ranked by the highest 40-year return on investment, with ties broken by the 10-year return.
Stacker looked at the public colleges with the best return on investment, highlighting information like graduation rates, net price, and median debt. This story only considers four-year, public colleges that predominantly grant bachelor's degrees.
Here's a breakdown of some key factors in the researchers' calculations.
- 40-year NPV: What the sum of all earnings 40 years after enrollment is worth today, adjusted for the school's education cost.
- Median earnings after 10 years: The typical annual salary 10 years after enrollment.
- Net price: The average price students pay per year after scholarships and financial aid, including books and living expenses.
- Graduation rate: The share of students who complete bachelor's degrees within six years.
- Median debt: The typical amount of student debt graduates from this school hold.
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2 / 50
#49. New Mexico Institute of Mining and Technology
- 40-year NPV: $1,393,000
- Median earnings after 10 years: $64,650
- Earn more than high school graduates after 10 years: 83%
- Net-price: $14,595
- Graduation rate: 53%
- Median debt: $11,870
3 / 50
#48. University of Wisconsin-Madison
- 40-year NPV: $1,400,000
- Median earnings after 10 years: $65,213
- Earn more than high school graduates after 10 years: 88%
- Net-price: $17,708
- Graduation rate: 87%
- Median debt: $18,250
4 / 50
#47. George Mason University
- 40-year NPV: $1,402,000
- Median earnings after 10 years: $66,148
- Earn more than high school graduates after 10 years: 84%
- Net-price: $21,048
- Graduation rate: 70%
- Median debt: $16,000
5 / 50
#46. University of Rhode Island
- 40-year NPV: $1,403,000
- Median earnings after 10 years: $66,484
- Earn more than high school graduates after 10 years: 83%
- Net-price: $20,607
- Graduation rate: 68%
- Median debt: $17,750
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6 / 50
#45. Purdue University-Main Campus
- 40-year NPV: $1,415,000
- Median earnings after 10 years: $65,257
- Earn more than high school graduates after 10 years: 86%
- Net-price: $13,986
- Graduation rate: 81%
- Median debt: $15,162
7 / 50
#44. Texas A & M University-College Station
- 40-year NPV: $1,418,000
- Median earnings after 10 years: $66,566
- Earn more than high school graduates after 10 years: 86%
- Net-price: $19,057
- Graduation rate: 82%
- Median debt: $15,404
8 / 50
#43. Rutgers University-Newark
- 40-year NPV: $1,425,000
- Median earnings after 10 years: $65,661
- Earn more than high school graduates after 10 years: 85%
- Net-price: $14,109
- Graduation rate: 67%
- Median debt: $19,000
9 / 50
#42. University of Florida-Online
- 40-year NPV: $1,425,000
- Median earnings after 10 years: $64,463
- Earn more than high school graduates after 10 years: 85%
- Net-price: $7,492
- Graduation rate: Not available
- Median debt: $14,986
10 / 50
#41. University of California-Santa Barbara
- 40-year NPV: $1,427,000
- Median earnings after 10 years: $66,491
- Earn more than high school graduates after 10 years: 85%
- Net-price: $15,884
- Graduation rate: 83%
- Median debt: $12,500
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11 / 50
#40. Rutgers University-Camden
- 40-year NPV: $1,428,000
- Median earnings after 10 years: $65,661
- Earn more than high school graduates after 10 years: 85%
- Net-price: $13,660
- Graduation rate: 61%
- Median debt: $19,000
12 / 50
#39. University of Florida
- 40-year NPV: $1,431,000
- Median earnings after 10 years: $64,463
- Earn more than high school graduates after 10 years: 85%
- Net-price: $6,302
- Graduation rate: 89%
- Median debt: $14,986
13 / 50
#38. Stony Brook University
- 40-year NPV: $1,436,000
- Median earnings after 10 years: $66,678
- Earn more than high school graduates after 10 years: 85%
- Net-price: $15,160
- Graduation rate: 75%
- Median debt: $15,000
14 / 50
#37. Citadel Military College of South Carolina
- 40-year NPV: $1,443,000
- Median earnings after 10 years: $67,770
- Earn more than high school graduates after 10 years: 86%
- Net-price: $18,548
- Graduation rate: 73%
- Median debt: $18,500
15 / 50
#36. University of Delaware
- 40-year NPV: $1,447,000
- Median earnings after 10 years: $67,298
- Earn more than high school graduates after 10 years: 88%
- Net-price: $17,220
- Graduation rate: 81%
- Median debt: $21,000
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16 / 50
#35. The University of Texas at Austin
- 40-year NPV: $1,449,000
- Median earnings after 10 years: $67,839
- Earn more than high school graduates after 10 years: 85%
- Net-price: $18,023
- Graduation rate: 84%
- Median debt: $18,500
17 / 50
#34. Oregon Institute of Technology
- 40-year NPV: $1,457,000
- Median earnings after 10 years: $67,184
- Earn more than high school graduates after 10 years: 86%
- Net-price: $16,210
- Graduation rate: 49%
- Median debt: $16,475
18 / 50
#33. San José State University
- 40-year NPV: $1,463,000
- Median earnings after 10 years: $67,365
- Earn more than high school graduates after 10 years: 84%
- Net-price: $14,928
- Graduation rate: 64%
- Median debt: $12,000
19 / 50
#32. University of Washington-Seattle Campus
- 40-year NPV: $1,500,000
- Median earnings after 10 years: $68,925
- Earn more than high school graduates after 10 years: 86%
- Net-price: $13,297
- Graduation rate: 84%
- Median debt: $12,545
20 / 50
#30. CUNY Bernard M Baruch College
- 40-year NPV: $1,509,000
- Median earnings after 10 years: $67,136
- Earn more than high school graduates after 10 years: 82%
- Net-price: $3,562
- Graduation rate: 69%
- Median debt: $9,500
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21 / 50
#31. University of California-Davis
- 40-year NPV: $1,509,000
- Median earnings after 10 years: $69,766
- Earn more than high school graduates after 10 years: 86%
- Net-price: $14,669
- Graduation rate: 87%
- Median debt: $11,500
22 / 50
#29. University of Washington-Bothell Campus
- 40-year NPV: $1,511,000
- Median earnings after 10 years: $68,925
- Earn more than high school graduates after 10 years: 86%
- Net-price: $11,060
- Graduation rate: 66%
- Median debt: $12,545
23 / 50
#28. University of Washington-Tacoma Campus
- 40-year NPV: $1,512,000
- Median earnings after 10 years: $68,925
- Earn more than high school graduates after 10 years: 86%
- Net-price: $10,817
- Graduation rate: 57%
- Median debt: $12,545
24 / 50
#27. South Dakota School of Mines and Technology
- 40-year NPV: $1,521,000
- Median earnings after 10 years: $71,287
- Earn more than high school graduates after 10 years: 88%
- Net-price: $19,815
- Graduation rate: 49%
- Median debt: $20,500
25 / 50
#26. University of Connecticut
- 40-year NPV: $1,527,000
- Median earnings after 10 years: $72,460
- Earn more than high school graduates after 10 years: 86%
- Net-price: $22,012
- Graduation rate: 84%
- Median debt: $19,292
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26 / 50
#25. University of Maryland-College Park
- 40-year NPV: $1,541,000
- Median earnings after 10 years: $71,837
- Earn more than high school graduates after 10 years: 87%
- Net-price: $19,045
- Graduation rate: 87%
- Median debt: $17,369
27 / 50
#24. Virginia Military Institute
- 40-year NPV: $1,544,000
- Median earnings after 10 years: $71,910
- Earn more than high school graduates after 10 years: 89%
- Net-price: $17,804
- Graduation rate: 79%
- Median debt: $17,674
28 / 50
#23. University of Illinois Urbana-Champaign
- 40-year NPV: $1,550,000
- Median earnings after 10 years: $71,539
- Earn more than high school graduates after 10 years: 89%
- Net-price: $15,880
- Graduation rate: 85%
- Median debt: $17,000
29 / 50
#22. University of California-Irvine
- 40-year NPV: $1,551,000
- Median earnings after 10 years: $71,961
- Earn more than high school graduates after 10 years: 86%
- Net-price: $14,783
- Graduation rate: 84%
- Median debt: $14,390
30 / 50
#21. Binghamton University
- 40-year NPV: $1,557,000
- Median earnings after 10 years: $72,980
- Earn more than high school graduates after 10 years: 87%
- Net-price: $19,353
- Graduation rate: 82%
- Median debt: $15,000
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31 / 50
#20. Virginia Polytechnic Institute and State University
- 40-year NPV: $1,559,000
- Median earnings after 10 years: $73,159
- Earn more than high school graduates after 10 years: 88%
- Net-price: $21,198
- Graduation rate: 85%
- Median debt: $19,500
32 / 50
#19. Maine Maritime Academy
- 40-year NPV: $1,571,000
- Median earnings after 10 years: $72,837
- Earn more than high school graduates after 10 years: 85%
- Net-price: $23,239
- Graduation rate: 73%
- Median debt: $24,250
33 / 50
#18. University of Connecticut-Stamford
- 40-year NPV: $1,576,000
- Median earnings after 10 years: $72,460
- Earn more than high school graduates after 10 years: 86%
- Net-price: $11,982
- Graduation rate: 66%
- Median debt: $19,292
34 / 50
#17. University of Connecticut-Avery Point
- 40-year NPV: $1,585,000
- Median earnings after 10 years: $72,460
- Earn more than high school graduates after 10 years: 86%
- Net-price: $9,981
- Graduation rate: 59%
- Median debt: $19,292
35 / 50
#16. University of Connecticut-Waterbury Campus
- 40-year NPV: $1,594,000
- Median earnings after 10 years: $72,460
- Earn more than high school graduates after 10 years: 86%
- Net-price: $8,046
- Graduation rate: 64%
- Median debt: $19,292
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36 / 50
#15. Michigan Technological University
- 40-year NPV: $1,595,000
- Median earnings after 10 years: $73,541
- Earn more than high school graduates after 10 years: 87%
- Net-price: $16,463
- Graduation rate: 69%
- Median debt: $20,164
37 / 50
#14. University of California-Los Angeles
- 40-year NPV: $1,597,000
- Median earnings after 10 years: $73,744
- Earn more than high school graduates after 10 years: 85%
- Net-price: $14,279
- Graduation rate: 91%
- Median debt: $14,035
38 / 50
#13. University of California-San Diego
- 40-year NPV: $1,622,000
- Median earnings after 10 years: $74,771
- Earn more than high school graduates after 10 years: 86%
- Net-price: $14,232
- Graduation rate: 87%
- Median debt: $14,988
39 / 50
#12. University of Michigan-Ann Arbor
- 40-year NPV: $1,646,000
- Median earnings after 10 years: $75,842
- Earn more than high school graduates after 10 years: 88%
- Net-price: $15,336
- Graduation rate: 93%
- Median debt: $16,633
40 / 50
#11. University of Virginia-Main Campus
- 40-year NPV: $1,649,000
- Median earnings after 10 years: $77,048
- Earn more than high school graduates after 10 years: 88%
- Net-price: $20,397
- Graduation rate: 94%
- Median debt: $15,711
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41 / 50
#10. New Jersey Institute of Technology
- 40-year NPV: $1,717,000
- Median earnings after 10 years: $80,043
- Earn more than high school graduates after 10 years: 89%
- Net-price: $19,706
- Graduation rate: 66%
- Median debt: $17,500
42 / 50
#9. California Polytechnic State University-San Luis Obispo
- 40-year NPV: $1,730,000
- Median earnings after 10 years: $80,643
- Earn more than high school graduates after 10 years: 87%
- Net-price: $21,595
- Graduation rate: 82%
- Median debt: $16,500
43 / 50
#8. Missouri University of Science and Technology
- 40-year NPV: $1,749,000
- Median earnings after 10 years: $80,289
- Earn more than high school graduates after 10 years: 89%
- Net-price: $14,262
- Graduation rate: 64%
- Median debt: $18,500
44 / 50
#7. University of California-Berkeley
- 40-year NPV: $1,752,000
- Median earnings after 10 years: $80,364
- Earn more than high school graduates after 10 years: 87%
- Net-price: $15,329
- Graduation rate: 92%
- Median debt: $12,390
45 / 50
#6. SUNY Maritime College
- 40-year NPV: $1,832,000
- Median earnings after 10 years: $84,443
- Earn more than high school graduates after 10 years: 90%
- Net-price: $20,616
- Graduation rate: 71%
- Median debt: $18,250
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46 / 50
#5. United States Merchant Marine Academy
- 40-year NPV: $1,880,000
- Median earnings after 10 years: $83,209
- Earn more than high school graduates after 10 years: 89%
- Net-price: $6,433
- Graduation rate: 82%
- Median debt: $7,000
47 / 50
#4. Colorado School of Mines
- 40-year NPV: $1,922,000
- Median earnings after 10 years: $90,060
- Earn more than high school graduates after 10 years: 90%
- Net-price: $26,750
- Graduation rate: 82%
- Median debt: $19,500
48 / 50
#3. Georgia Institute of Technology-Main Campus
- 40-year NPV: $1,947,000
- Median earnings after 10 years: $88,196
- Earn more than high school graduates after 10 years: 91%
- Net-price: $14,739
- Graduation rate: 89%
- Median debt: $20,250
49 / 50
#2. Massachusetts Maritime Academy
- 40-year NPV: $1,971,000
- Median earnings after 10 years: $91,668
- Earn more than high school graduates after 10 years: 92%
- Net-price: $20,485
- Graduation rate: 75%
- Median debt: $23,099
50 / 50
#1. California State University Maritime Academy
- 40-year NPV: $1,977,000
- Median earnings after 10 years: $91,461
- Earn more than high school graduates after 10 years: 91%
- Net-price: $20,597
- Graduation rate: 64%
- Median debt: $19,500
Additional writing by Jeff Inglis. Story editing by Ashleigh Graf. Copy editing by Kristen Wegrzyn. Photo selection by Ania Antecka.
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