Every year Bloomberg Businessweek tries to help parents and students decide on a college by looking at how much a degree from each institution is worth financially compared to how much it costs to earn it.

To determine the colleges with the highest return on investment they looked at college graduates’ earnings within a 30-year-period. From that figure they subtracted the average earnings of a typical high school graduate and adjusted for each college’s graduation rate. The figures do not take financial aid into account. You can read a more detailed description of their methods here.

Despite some changes in calculations, they found that the rising cost of education and less graduate earnings means the average return on investment fell 2.3 percent to just $353,182 when comparing the same schools in 2012 to 2011. Ouch.

Overall, engineering schools and private schools ranked the highest. In Texas, that means Rice University is called the best school for return on investment. (Nationwide it was ranked at 29.) Texas runners-up include Texas A&M University, University of Texas, Austin and Southern Methodist University.

The top ten schools nationwide are:

Harvey Mudd College California Institute of Technology Massachusetts Institute of Technology Stanford University Princeton University Harvard University Dartmouth College Duke University University of Pennsylvania University of Notre Dame

See the complete list here.