You don't need a college degree to make a lot of money — but on average, college graduates earn $1 million more over their lifetimes than high school graduates.
And some colleges have greater salary potential than others.
To find out which schools produce the highest-earning alumni, we used the U.S. Department of Education's College Scorecard, which provides a variety of data on thousands of colleges, including the median earnings of federally aided students 10 years after enrolling and the average annual cost of attending.
For our ranking, we restricted the list to bachelor's degree-granting institutions and excluded special focus institutions.
Scroll down to see the colleges where students go on to earn the most money and the average annual cost of each school, which the U.S. Department of Education defines as, "the average annual net price for federal aid recipients, after aid from the school, state, or federal government. For public schools, this is only the average cost for in-state students."
13. California Institute of Technology
Pasadena, California
Average annual cost: $25,308
Median annual earnings 10 years after enrolling: $77,800
Danita Delimont | Getty Images
California Institute of Technology, Beckman Institute Reflecting Pool, Pasadena, California
12. Princeton University
Princeton, New Jersey
Average annual cost: $7,103
Median annual earnings 10 years after enrolling: $77,900
Source: Princeton University
Princeton University campus
11. Maine Maritime Academy
Castine, Maine
Average annual cost: $20,861
Median annual earnings 10 years after enrolling: $78,800
myLoupe | Universal Images Group | Getty Images
Maine Maritime Academy
10. California Maritime Academy
Vallejo, California
Average annual cost: $15,472
Median annual earnings 10 years after enrolling: $79,400
Source: California State University Maritime Academy
California State University Maritime Academy
9. Rensselaer Polytechnic Institute
Troy, New York
Average annual cost: $33,595
Median annual earnings 10 years after enrolling: $79,600
Matt H. Wade | Wikipedia
8. University of Pennsylvania
Philadelphia, Pennsylvania
Average annual cost: $24,370
Median annual earnings 10 years after enrolling: $79,700
Ann Hermes | The Christian Science Monitor | Getty Images
7. Worcester Polytechnic Institute
Worcester, Massachusetts
Average annual cost: $35,187
Median annual earnings 10 years after enrolling: $80,300
Melanie Stetson Freeman | The Christian Science Monitor | Getty Images
Students attend a class in 3-D modeling at the Worcester Polytechnic Institute.
6. United States Merchant Marine Academy
Kings Point, New York
Average annual cost: $5,538
Median annual earnings 10 years after enrolling: $82,000
Source: U.S. Merchant Marine Academy
5. Stevens Institute of Technology
Hoboken, New Jersey
Average annual cost: $28,296
Median annual earnings 10 years after enrolling: $83,700
Source: Stevens Institute of Technology
4. Georgetown University
Washington, D.C.
Average annual cost: $27,506
Median annual earnings 10 years after enrolling: $84,000
Mladen Antonov | AFP | Getty Images
Healy Hall, the flagship building of Georgetown University's main campus in Washington, D.C.
3. Stanford University
Stanford, California
Average annual cost: $14,559
Median annual earnings 10 years after enrolling: $86,000
David Madison | Getty Images
Stanford University campus
2. Massachusetts Institute of Technology
Cambridge, Massachusetts
Average annual cost: $23,547
Median annual earnings 10 years after enrolling: $89,200
Yiming Chen | Getty Images
Students walk on the campus of the Massachusetts Institute of Technology.
1. Harvard University
Cambridge, Massachusetts
Average annual cost: $14,068
Median annual earnings 10 years after enrolling: $95,500
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