Bates College

Lewiston, ME 1,760 Undergrads 92.3% Grad Rate

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Total Cost

$83,532

Sticker Price

Avg Net Price

$29,351

After Aid

Median Earnings

$70,028

4yr Post-Grad

Vs. Peer Institutions

Net Price$29,351

Peer Midpoint: $20,081

Earnings (4yr Post-Grad)Completers only after graduation

$70,028

Peer Midpoint: $60,428

Earnings (10yr Post-Enroll)All enrolled after enrollment

$69,498

Peer Midpoint: $53,763

Graduation Rate92.3%

Peer Midpoint: 58.9%

Average Starting Age19.4

Socio-Economic Diversity

Pell Grant Recipients10.9%

Enrollment Status

Full-Time100.0%

Economic Outcomes

Earn More than HS85.4%

Admissions Profile

Acceptance

13.3%

SAT Avg

1,468

SAT Reading

25th: 710-75th: 750

SAT Math

25th: 710-75th: 780

ACT Composite

25th: 31-75th: 34

ROI Sensitivity Analysis

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV

Vs Median Peer

Vs HS Grad

Zero Cost (Scholarship)$0

+$614k

+$147k

+$130k

Median Cost$29k/yr

+$508k

+$42k

+$24k

Full Cost$84k/yr

+$313k

-$153k

-$171k

ROI Efficiency Metrics

Break-Even Age

Return on Inv. %

Zero Cost (Scholarship)$0

∞

Median Cost$29k/yr

23%

Full Cost$84k/yr

Never

-57%

Analysis Assumptions:

Starting Salary: Estimated from the 4-year post-graduation median earnings (assuming 2% annual growth from graduation).
Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return-16%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return-70%

Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Anthropology

BachCIP: 4502

Median Debt

Earnings (4yr)

Natl Median: $46,676

Lifetime Value Added

N/A

Area Studies

BachCIP: 0501

Median Debt

Earnings (4yr)

Natl Median: $56,625

Lifetime Value Added

N/A

Biochemistry, Biophysics and Molecular Biology

BachCIP: 2602

Median Debt

Earnings (4yr)

Natl Median: $65,466

Lifetime Value Added

N/A

Biology, General

BachCIP: 2601

Median Debt

$12,850

Earnings (4yr)

Natl Median: $57,214

Lifetime Value Added

N/A

Classical and Ancient Studies

BachCIP: 3022

Median Debt

Earnings (4yr)

Natl Median: $50,477

Lifetime Value Added

N/A

Dance

BachCIP: 5003

Median Debt

Earnings (4yr)

Natl Median: $39,980

Lifetime Value Added

N/A

Drama/Theatre Arts and Stagecraft

BachCIP: 5005

Median Debt

Earnings (4yr)

Natl Median: $39,775

Lifetime Value Added

N/A

East Asian Languages, Literatures, and Linguistics

BachCIP: 1603

Median Debt

Earnings (4yr)

Natl Median: $51,642

Lifetime Value Added

N/A

Economics

BachCIP: 4506

Median Debt

$13,000

Earnings (4yr)

$110,880

Natl Median: $82,686

Lifetime Value Added

+$336k

Engineering, General

BachCIP: 1401

Median Debt

Earnings (4yr)

Natl Median: $89,359

Lifetime Value Added

N/A

English Language and Literature, General

BachCIP: 2301

Median Debt

Earnings (4yr)

$62,082

Natl Median: $48,590

Lifetime Value Added

-$38k

Ethnic, Cultural Minority, Gender, and Group Studies

BachCIP: 0502

Median Debt

Earnings (4yr)

Natl Median: $51,710

Lifetime Value Added

N/A

Fine and Studio Arts

BachCIP: 5007

Median Debt

Earnings (4yr)

Natl Median: $41,367

Lifetime Value Added

N/A

Geological and Earth Sciences/Geosciences

BachCIP: 4006

Median Debt

Earnings (4yr)

Natl Median: $60,190

Lifetime Value Added

N/A

Germanic Languages, Literatures, and Linguistics

BachCIP: 1605

Median Debt

Earnings (4yr)

Natl Median: $55,459

Lifetime Value Added

N/A

History

BachCIP: 5401

Median Debt

Earnings (5yr)

$75,175

Natl Median: $50,680

Lifetime Value Added

+$52k

Mathematics

BachCIP: 2701

Median Debt

Earnings (4yr)

Natl Median: $69,562

Lifetime Value Added

N/A

Multi/Interdisciplinary Studies, Other

BachCIP: 3099

Median Debt

Earnings (4yr)

Natl Median: $55,693

Lifetime Value Added

N/A

Music

BachCIP: 5009

Median Debt

Earnings (4yr)

Natl Median: $42,892

Lifetime Value Added

N/A

Natural Resources Conservation and Research

BachCIP: 0301

Median Debt

$9,614

Earnings (5yr)

$56,602

Natl Median: $55,012

Lifetime Value Added

-$91k

Neurobiology and Neurosciences

BachCIP: 2615

Median Debt

Earnings (4yr)

Natl Median: $62,451

Lifetime Value Added

N/A

Philosophy

BachCIP: 3801

Median Debt

Earnings (4yr)

Natl Median: $54,455

Lifetime Value Added

N/A

Physics

BachCIP: 4008

Median Debt

Earnings (4yr)

Natl Median: $76,786

Lifetime Value Added

N/A

Political Science and Government

BachCIP: 4510

Median Debt

$11,532

Earnings (4yr)

$80,714

Natl Median: $63,293

Lifetime Value Added

+$106k

Psychology, General

BachCIP: 4201

Median Debt

Earnings (4yr)

$65,926

Natl Median: $50,706

Lifetime Value Added

-$7k

Religion/Religious Studies

BachCIP: 3802

Median Debt

Earnings (4yr)

Natl Median: $41,390

Lifetime Value Added

N/A

Rhetoric and Composition/Writing Studies

BachCIP: 2313

Median Debt

Earnings (4yr)

Natl Median: $48,471

Lifetime Value Added

N/A

Romance Languages, Literatures, and Linguistics

BachCIP: 1609

Median Debt

Earnings (2yr)

$22,192

Natl Median: $55,000

Lifetime Value Added

-$369k

Sociology

BachCIP: 4511

Median Debt

$13,442

Earnings (2yr)

$35,600

Natl Median: $52,657

Lifetime Value Added

-$247k

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate decision moving forward. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.

Completers Only: Federal median earnings data strictly reflects outcomes for students who successfully graduated. Students who do not complete their degree typically earn significantly less and face higher risks of debt default.