2022 Best Value Bachelor’s Degree Colleges for Psychology (Income $0-$30k) in Minnesota
When it comes to choosing a college, students have a lot of options - but not all of them are good. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k” ranking is part of that endeavor.
Psychology is one of the most popular majors in the nation, ranking 7th of all the majors we analyze. In 2019-2020, 183,889 degrees were awarded to students with this major. In 2017-2018, psychology graduates who were awarded their degree in 2015-2017, earned an average of $33,496 and had an average of $36,227 in loans still to pay off.
Across Minnesota, there were 6,021 psychology graduates with average earnings and debt of $35,628 and $35,787 respectively. At the bachelor’s degree level specifically, there were 2,677 psychology graduates with average earnings and debt of $40,526 and $26,035 respectively.
For this year’s “Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k” ranking, we looked at 27 colleges that offer a degree in psychology. The schools that top this list are recognized because they have great psychology programs and cost less that schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the psychology program at the school and the cost of the school after aid is awarded among other things. Check out our ranking methodology for more information.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k” list, to help you choose the best school for you.
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Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k
The colleges and universities below are the best for minnesota bachelor’s degree psychology students whose families make $0-$30k.
Top 25 Best Value Bachelor’s Degree Colleges for Psychology (Income $0-$30k) in Minnesota
Out of the 27 schools in the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k that were part of this year’s ranking, Carleton College landed the #1 spot on the list. Carleton is a private not-for-profit institution located in Northfield, Minnesota. The school has a small population, and it awarded 41 bachelors’s degrees in 2019-2020.
Carleton not only placed well in this ranking. It is also #2 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Carleton is $9,579 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 1.3%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
Out of the 27 schools in the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k that were part of this year’s ranking, University of Minnesota - Morris landed the #2 spot on the list. University of Minnesota - Morris is a public institution located in Morris, Minnesota. The school has a small population, and it awarded 27 bachelors’s degrees in 2019-2020.
UMN Morris did well in our major quality rankings, too. It placed #14 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend University of Minnesota - Morris is $4,230 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The low student loan default rate of 2.9% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
You’ll join some of the best and brightest minds around if you attend University of Minnesota - Twin Cities. The school came in at #3 for the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k. University of Minnesota - Twin Cities is located in Minneapolis, Minnesota and, has a large student population. In 2019-2020, this school awarded 626 bachelors’s psychology degrees to qualified students.
UMN Twin Cities also made our “Best Psychology Bachelor’s Degree Schools in Minnesota” list, coming in at #3. It costs about $7,266 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k per year to attend UMN Twin Cities.
Students who start out at the school are likely to stick around. The freshman retention rate is 93%. The low student loan default rate of 2.2% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
You’ll join some of the best and brightest minds around if you attend University of Minnesota - Duluth. The school came in at #4 for the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k. This fairly large school is located in Duluth, Minnesota, and it awarded 126 bachelors’s psychology degrees in 2019-2020.
As a testament to the quality of education offered at UMN Duluth, the school also landed the #8 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend University of Minnesota - Duluth is $7,443 for minnesota bachelor’s degree psychology students whose families make $0-$30k.
The low student loan default rate of 3.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
You’ll join some of the best and brightest minds around if you attend St Olaf College. The school came in at #5 for the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k. St. Olaf is a small private not-for-profit school situated in Northfield, Minnesota. It awarded 65 bachelors’s psychology degrees in 2019-2020.
St. Olaf also took the #7 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. It costs about $12,459 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k per year to attend St. Olaf.
The low student loan default rate of 1.0% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
Southwest Minnesota State University came in at #6 in this year’s edition of the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. Located in Marshall, Minnesota, this medium-sized public school awarded 24 degrees to qualified bachelors’s psychology students in 2019-2020.
Southwest Minnesota State University also took the #20 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. It costs about $10,801 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k per year to attend Southwest Minnesota State University.
With a ranking of #7, Winona State University did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Located in Winona, Minnesota, this medium-sized public school handed out 75 degrees to qualified bachelors’s psychology students in 2019-2020.
Winona State did well in our major quality rankings, too. It placed #11 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Winona State University is $12,381 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
Bemidji State University landed the #8 spot on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. Bemidji State University is a small school located in Bemidji, Minnesota that handed out 71 bachelors’s psychology degrees in 2019-2020.
Bemidji State University also took the #22 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Bemidji State University is $10,632 for minnesota bachelor’s degree psychology students whose families make $0-$30k.
Minnesota State University - Mankato landed the #9 spot on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. Minnesota State Mankato is located in Mankato, Minnesota and, has a fairly large student population. In 2019-2020, this school awarded 125 bachelors’s psychology degrees to qualified students.
Minnesota State Mankato also made our “Best Psychology Bachelor’s Degree Schools in Minnesota” list, coming in at #13. It costs about $11,057 for minnesota bachelor’s degree psychology students whose families make $0-$30k per year to attend Minnesota State University - Mankato.
The low student loan default rate of 4.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
With a ranking of #10, Saint Cloud State University did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Saint Cloud State University is located in Saint Cloud, Minnesota and, has a fairly large student population. In 2019-2020, this school awarded 118 bachelors’s psychology degrees to qualified students.
St. Cloud State University also made our “Best Psychology Bachelor’s Degree Schools in Minnesota” list, coming in at #23. The estimated yearly cost for St. Cloud State University is $10,688 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
Gustavus Adolphus College came in at #11 in this year’s edition of the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. Located in Saint Peter, Minnesota, this small private not-for-profit school awarded 47 diplomas to qualified bachelors’s psychology students in 2019-2020.
Gustavus Adolphus did well in our major quality rankings, too. It placed #4 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Gustavus Adolphus is $12,150 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The school has an excellent freshman retention rate of 88%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 1.5%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #12, College of Saint Benedict did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Located in Saint Joseph, Minnesota, this small private not-for-profit school awarded 44 degrees to qualified bachelors’s psychology students in 2019-2020.
CSB also took the #1 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. It costs about $17,143 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k per year to attend College of Saint Benedict.
The school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year. The low student loan default rate of 0.9% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Saint Johns University came in at #13 in this year’s edition of the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. This small school is located in Collegeville, Minnesota, and it awarded 16 bachelors’s psychology degrees in 2019-2020.
As a testament to the quality of education offered at SJU, the school also landed the #6 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for SJU is $14,683 for minnesota bachelor’s degree psychology students whose families make $0-$30k.
The low student loan default rate of 1.2% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Macalester College landed the #14 spot on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. Macalester College is located in Saint Paul, Minnesota and, has a small student population. In 2019-2020, this school awarded 30 bachelors’s psychology degrees to qualified students.
Macalester not only placed well in this ranking. It is also #16 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. It costs about $10,158 for minnesota bachelor’s degree psychology students whose families make $0-$30k per year to attend Macalester College.
The impressive student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an impressive student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year.
With a ranking of #15, Minnesota State University - Moorhead did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Located in Moorhead, Minnesota, this medium-sized public school awarded 59 degrees to qualified bachelors’s psychology students in 2019-2020.
In addition to being on our minnesota bachelor’s degree psychology students whose families make $0-$30k list, MSU Moorhead has also earned the #25 rank in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. It costs about $12,484 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k per year to attend MSU Moorhead.
The low student loan default rate of 4.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
St Catherine University ranked #16 on this year’s Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. St. Kate’s is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a small population, and it awarded 47 bachelors’s degrees in 2019-2020.
St. Kate’s not only placed well in this ranking. It is also #18 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend St Catherine University is $15,102 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The student loan default rate at the school is 2.7%, which is quite low when compared to the national default rate of 10.1%.
Saint Mary’s University of Minnesota ranked #17 on this year’s Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Saint Mary’s University of Minnesota is located in Winona, Minnesota and, has a medium-sized student population. In 2019-2020, this school awarded 8 bachelors’s psychology degrees to qualified students.
SMU MN not only placed well in this ranking. It is also #9 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The estimated yearly cost for SMU MN is $15,036 for minnesota bachelor’s degree psychology students whose families make $0-$30k.
The student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #18, Hamline University did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Hamline University is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a small population, and it awarded 60 bachelors’s degrees in 2019-2020.
Hamline also took the #12 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Hamline is $17,038 for minnesota bachelor’s degree psychology students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 3.3%, which is much lower than the national rate of 10.1%.
Metropolitan State University ranked #19 on this year’s Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. This medium-sized school is located in Saint Paul, Minnesota, and it awarded 131 bachelors’s psychology degrees in 2019-2020.
Metro State did well in our major quality rankings, too. It placed #24 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The estimated yearly cost for Metro State is $14,388 for minnesota bachelor’s degree psychology students whose families make $0-$30k.
Concordia University, Saint Paul ranked #20 on this year’s Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Saint Paul, Minnesota is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s psychology degrees to 59 students in 2019-2020.
It costs about $13,423 for minnesota bachelor’s degree psychology students whose families make $0-$30k per year to attend Concordia University, Saint Paul.
Read more about Psychology at Concordia University, Saint Paul
The College of Saint Scholastica came in at #21 in this year’s edition of the Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking. St. Scholastica is a private not-for-profit institution located in Duluth, Minnesota. The school has a small population, and it awarded 59 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at St. Scholastica, the school also landed the #10 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for The College of Saint Scholastica is $18,502 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The low student loan default rate of 3.1% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Psychology at The College of Saint Scholastica
With a ranking of #22, Capella University did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. This large school is located in Minneapolis, Minnesota, and it awarded 435 bachelors’s psychology degrees in 2019-2020.
Capella University not only placed well in this ranking. It is also #21 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Capella University is $17,429 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
With a ranking of #23, Concordia College at Moorhead did quite well on the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k list. Concordia College Moorhead is a private not-for-profit institution located in Moorhead, Minnesota. The school has a small population, and it awarded 23 bachelors’s degrees in 2019-2020.
Concordia College Moorhead also took the #15 spot in our “Best Psychology Bachelor’s Degree Schools in Minnesota” ranking. It costs about $17,881 for minnesota bachelor’s degree psychology students whose families make $0-$30k per year to attend Concordia College Moorhead.
The low student loan default rate of 2.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Augsburg University did quite well in the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking, coming in at #24. This small school is located in Minneapolis, Minnesota, and it awarded 58 bachelors’s psychology degrees in 2019-2020.
Augsburg not only placed well in this ranking. It is also #19 on our “Best Psychology Bachelor’s Degree Schools in Minnesota” list. The estimated yearly cost for Augsburg is $21,179 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
University of Northwestern - St Paul did quite well in the 2022 Best Value Psychology Schools for a Bachelor’s in Minnesota For Those Making $0-$30k ranking, coming in at #25. University of Northwestern - St Paul is located in Saint Paul, Minnesota and, has a small student population. In 2019-2020, this school awarded 43 bachelors’s psychology degrees to qualified students.
The estimated yearly cost for University of Northwestern - St Paul is $19,785 for Minnesota Bachelor’s Degree Psychology students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 3.6%, which is much lower than the national rate of 10.1%.
Read more about Psychology at University of Northwestern - St Paul
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
Credits
- Credit for the banner image above goes to Nevit Dilmen.
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