At $20,230/yr net price, University of Evansville graduates earn $53,770/yr within 10 years of enrollment, which is $19,770/yr above the median for high school graduates.
Cost vs. Outcomes
| Metric | Value |
|---|---|
| Average Net Price (per year) | $20,230 |
| Estimated 4-Year Cost | $80,920 |
| Median Earnings (10yr post-entry) | $53,770/yr |
| Earnings Premium vs. HS Diploma | +$19,770/yr |
| Estimated Break-Even | 4.1 years |
| Graduation Rate (6-year) | 71.3% |
| Median Debt at Graduation | $24,606 |
What You'll Actually Pay
Average net price by family income
| Family Income | Estimated Net Price |
|---|---|
| $0 - $30,000 | $14,270/yr |
| $30,001 - $48,000 | $17,162/yr |
| $48,001 - $75,000 | $20,027/yr |
| $75,001 - $110,000 | $20,240/yr |
| $110,001+ | $26,264/yr |
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Mechanical Engineering. | Certificate | $70,456 | |
| Rehabilitation and Therapeutic Professions. | Doctoral | $68,153 | $77,330 |
| Mechanical Engineering. | Bachelor | $61,020 | $25,010 |
| Business Administration, Management and Operations. | Bachelor | $57,556 | $23,700 |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Bachelor | $55,964 | $27,000 |
| Business Administration, Management and Operations. | Certificate | $55,512 | |
| Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing. | Certificate | $54,948 | |
| Business Administration, Management and Operations. | Master | $45,221 | |
| Teacher Education and Professional Development, Specific Subject Areas. | Certificate | $41,342 | |
| Health and Physical Education/Fitness. | Certificate | $33,987 |
The Risk Factor
71.3% of students at University of Evansville graduate within 6 years. A significant share of students finish, but roughly 29% do not complete their degree.
Analysis
University of Evansville delivers mixed financial returns, with strong outcomes for engineering majors but concerning debt loads in some health programs. Your net price of around $20,000 annually positions this private school competitively against public alternatives, though graduation outcomes vary significantly by major.
Mechanical engineering stands out as the clear financial winner, with graduates earning over $70,000 while carrying manageable debt around $25,000. Business administration also provides solid returns at $57,556 with reasonable debt levels. Nursing graduates earn $55,964, though debt loads reach $27,000.
Rehabilitation and therapeutic professions present a red flag despite high starting salaries of $68,153. Graduates in this field carry $77,330 in debt, creating a concerning debt-to-income ratio that could strain your finances for years after graduation.
The 71% graduation rate suggests reasonable academic support, but the 77% retention rate indicates some students transfer or drop out after freshman year. This matters financially since incomplete degrees provide no return on your investment.
With only 23% of students receiving financial aid, merit scholarship opportunities appear limited. Your best cost strategy involves targeting the engineering or business programs where career prospects justify the expense. Students interested in health professions should carefully evaluate debt loads against starting salaries in their specific field.
University of Evansville works financially for students committed to engineering or business who can complete their degree in four years. Students considering expensive health programs or unsure about their major should explore more affordable options that provide greater flexibility without the financial risk.
Frequently Asked Questions
Is University of Evansville worth the cost?
University of Evansville graduates earn $53,770 ten years after graduation with median debt of $24,606, making the ROI reasonable but not exceptional. Engineering and healthcare programs offer better returns than the overall average.
What are the best paying majors at University of Evansville?
Mechanical engineering leads at $70,456 annually, followed by rehabilitation therapy at $68,153. Business and nursing graduates earn in the mid-to-upper $50,000s, while other programs typically pay less.
How much debt do University of Evansville graduates have?
The median debt is $24,606, which is manageable given typical starting salaries for most programs. Engineering and healthcare majors can handle this debt load more easily than liberal arts graduates.
Does University of Evansville have good job placement after graduation?
With a 71% graduation rate and 10-year earnings of $53,770, outcomes are mixed depending on your major. STEM and healthcare programs show stronger employment prospects than general studies or humanities.