2022 Best Value Bachelor’s Degree Colleges for General Economics (Income $0-$30k)
It’s not easy to decide which college to attend when there so many options available for students. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k” ranking.
General Economics is the 22nd most popular major in the country with 31,150 degrees awarded in 2019-2020.
At the bachelor’s degree level specifically, there were 26,628 general economics graduates with average earnings and debt of $38,303 and $24,501 respectively.
For this year’s “Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k” ranking, we looked at 542 colleges that offer a degree in general economics. Not only do the schools that top this list have excellent general economics programs, but they also cost less that schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the general economics 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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One Size Does Not Fit All
The general economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k”.
To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k
The colleges and universities below are the best for bachelor’s degree general economics students whose families make $0-$30k.
Top 25 Best Value Bachelor’s Degree Colleges for General Economics (Income $0-$30k)
You’ll be in good company if you decide to attend Duke University. It ranked #1 on our 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Durham, North Carolina is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 1 students in 2019-2020.
As a testament to the quality of education offered at Duke, the school also landed the #1 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Duke is $-7,808 for bachelor’s degree general economics students whose families make $0-$30k. A negative average net price may seem strange, but it generally means that financial aid will more than cover the cost to attend the school.
Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. 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%.
You’ll be in good company if you decide to attend University of Pennsylvania. It ranked #2 on our 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. This large school is located in Philadelphia, Pennsylvania, and it awarded 180 bachelors’s general economics degrees in 2019-2020.
In addition to being on our bachelor’s degree general economics students whose families make $0-$30k list, UPenn has also earned the #2 rank in our “Best General Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for UPenn is $3,181 for bachelor’s degree general economics students whose families make $0-$30k.
The low student loan default rate of 1.4% 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%. The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #3 for the Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 7 students in 2019-2020.
Northwestern not only placed well in this ranking. It is also #3 on our “Best General Economics Bachelor’s Degree Schools” list. It costs about $1,866 for bachelor’s degree general economics students whose families make $0-$30k per year to attend Northwestern University.
The school has an impressive student loan default rate. It’s only 0.8%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Read more about General Economics at Northwestern University
You’ll be in good company if you decide to attend Washington and Lee University. It ranked #4 on our 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Located in Lexington, Virginia, this small private not-for-profit school handed out 56 diplomas to qualified bachelors’s general economics students in 2019-2020.
Washington and Lee also took the #16 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. The estimated yearly cost for Washington and Lee University is $1,612 for bachelor’s degree general economics students whose families make $0-$30k.
The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%. With a student-to-faculty ratio of 8 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.
You’ll join some of the best and brightest minds around if you attend Washington University in St Louis. The school came in at #5 for the Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k. Washington University in St Louis is a fairly large private not-for-profit school situated in Saint Louis, Missouri. It awarded 4 bachelors’s general economics degrees in 2019-2020.
WUSTL also made our “Best General Economics Bachelor’s Degree Schools” list, coming in at #9. The yearly cost to attend WUSTL is $5,273 for Bachelor’s Degree General Economics students whose families make $0-$30k.
The student loan default rate at the school is 1.4%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%. The student-to-faculty ratio of 7 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Full Washington University in St Louis General Economics Report
Johns Hopkins University did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #6. Johns Hopkins is a large private not-for-profit school situated in Baltimore, Maryland. It awarded 112 bachelors’s general economics degrees in 2019-2020.
Johns Hopkins not only placed well in this ranking. It is also #8 on our “Best General Economics Bachelor’s Degree Schools” list. The estimated yearly cost for Johns Hopkins University is $3,526 for Bachelor’s Degree General Economics students whose families make $0-$30k.
The student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The low student loan default rate of 1.3% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 97%.
University of Michigan - Ann Arbor landed the #7 spot on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. This large school is located in Ann Arbor, Michigan, and it awarded 586 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education offered at U-M, the school also landed the #10 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend U-M is $3,166 for Bachelor’s Degree General Economics students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. 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%.
Cornell University ranked #8 on this year’s Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Ithaca, New York is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 1 students in 2019-2020.
Cornell also took the #4 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. It costs about $7,484 for bachelor’s degree general economics students whose families make $0-$30k per year to attend Cornell University.
With a student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low student loan default rate of 1.1% 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%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
With a ranking of #9, Georgetown University did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Located in Washington, District of Columbia, this fairly large private not-for-profit school awarded 137 diplomas to qualified bachelors’s general economics students in 2019-2020.
As a testament to the quality of education offered at Georgetown, the school also landed the #12 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. It costs about $5,248 for bachelor’s degree general economics students whose families make $0-$30k per year to attend Georgetown.
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 94%, which means students like the school well enough to return for a second year.
University of Florida did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #10. Located in Gainesville, Florida, this large public school awarded 319 degrees to qualified bachelors’s general economics students in 2019-2020.
UF also claimed a top spot on our “Best General Economics Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. It costs about $1,994 for bachelor’s degree general economics students whose families make $0-$30k per year to attend UF.
Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The school has an impressive student loan default rate. It’s only 2.0%, which is much lower than the national rate of 10.1%.
Read full report on General Economics at University of Florida
Rice University did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #11. Located in Houston, Texas, this medium-sized private not-for-profit school awarded 57 degrees to qualified bachelors’s general economics students in 2019-2020.
Rice also made our “Best General Economics Bachelor’s Degree Schools” list, coming in at #5. It costs about $3,437 for bachelor’s degree general economics students whose families make $0-$30k per year to attend Rice.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. 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 student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Swarthmore College did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking, coming in at #12. Swarthmore is a small school located in Swarthmore, Pennsylvania that handed out 84 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education offered at Swarthmore, the school also landed the #15 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. It costs about $5,860 for bachelor’s degree general economics students whose families make $0-$30k per year to attend Swarthmore.
The school has an impressive student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. Since the school has a student-to-faculty ratio of 7 to 1, those pursuing a degree will have more opportunities to interact with their professors.
University of North Carolina at Chapel Hill ranked #13 on this year’s Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Located in Chapel Hill, North Carolina, this large public school handed out 409 degrees to qualified bachelors’s general economics students in 2019-2020.
In addition to being on our bachelor’s degree general economics students whose families make $0-$30k list, UNC Chapel Hill has also earned the #21 rank in our “Best General Economics Bachelor’s Degree Schools” ranking. It costs about $4,026 for bachelor’s degree general economics students whose families make $0-$30k per year to attend University of North Carolina at Chapel Hill.
The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 1.9%, which is much lower than the national rate of 10.1%.
University of Wisconsin - Madison came in at #14 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. UW - Madison is a large school located in Madison, Wisconsin that handed out 566 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education it offers, UW - Madison is also in the top of our “Best General Economics Bachelor’s Degree Schools” ranking. It’s in the top 10% of all schools in this category. The yearly cost to attend UW - Madison is $4,367 for bachelor’s degree general economics students whose families make $0-$30k.
The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%.
University of Illinois at Urbana-Champaign landed the #15 spot on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. UIUC is located in Champaign, Illinois and, has a large student population. In 2019-2020, this school awarded 436 bachelors’s general economics degrees to qualified students.
UIUC excels when it comes to general economics quality. It’s in the top 10% of all schools reviewed in that analysis. The estimated yearly cost for University of Illinois at Urbana-Champaign is $5,477 for bachelor’s degree general economics students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
Read full report on General Economics at University of Illinois at Urbana-Champaign
With a ranking of #16, Carleton College did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Located in Northfield, Minnesota, this small private not-for-profit school awarded 45 degrees to qualified bachelors’s general economics students in 2019-2020.
On top of its placing in this ranking, Carleton also did well on our “Best General Economics Bachelor’s Degree Schools” list. It’s in the top 5% of all schools in this category. It costs about $9,579 for bachelor’s degree general economics students whose families make $0-$30k per year to attend Carleton College.
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. The student loan default rate at the school is 1.3%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
Baruch College ranked #17 on this year’s Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. Baruch is located in New York, New York and, has a fairly large student population. In 2019-2020, this school awarded 70 bachelors’s general economics degrees to qualified students.
It costs about $1,858 for Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend Baruch.
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 school has an impressive student loan default rate. It’s only 3.4%, which is much lower than the national rate of 10.1%.
Hamilton College came in at #18 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. Clinton, New York is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 102 students in 2019-2020.
In addition to being on our bachelor’s degree general economics students whose families make $0-$30k list, Hamilton has also earned the #14 rank in our “Best General Economics Bachelor’s Degree Schools” ranking. It costs about $7,942 for Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend Hamilton.
With a student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. Students who start out at the school are likely to stick around. The freshman retention rate is 92%.
Columbia University in the City of New York came in at #19 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. Columbia is located in New York, New York and, has a large student population. In 2019-2020, this school awarded 27 bachelors’s general economics degrees to qualified students.
Columbia also took the #6 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. The yearly cost to attend Columbia is $8,916 for Bachelor’s Degree General Economics students whose families make $0-$30k.
The student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. With a freshman retention rate of 95%, the school does an excellent job of retaining its students. The student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%.
William & Mary landed the #20 spot on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. William & Mary is a medium-sized public school situated in Williamsburg, Virginia. It awarded 142 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education it offers, William & Mary is also in the top of our “Best General Economics Bachelor’s Degree Schools” ranking. It’s in the top 10% of all schools reviewed in that analysis. It costs about $4,711 for Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend William & Mary.
The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.
University of Washington - Seattle Campus came in at #21 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. UW Seattle is located in Seattle, Washington and, has a large student population. In 2019-2020, this school awarded 312 bachelors’s general economics degrees to qualified students.
On top of its placing in this ranking, UW Seattle also did well on our “Best General Economics Bachelor’s Degree Schools” list. It’s in the top 10% of all schools in this category. It costs about $7,850 for Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend UW Seattle.
Students who start out at the school are likely to stick around. The freshman retention rate is 93%. The student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%.
Read more about General Economics at University of Washington - Seattle Campus
Hunter College ranked #22 on this year’s Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. This large school is located in New York, New York, and it awarded 143 bachelors’s general economics degrees in 2019-2020.
It costs about $320 for Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend Hunter College.
The low student loan default rate of 4.0% 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%.
Queens College ranked #23 on this year’s Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k list. QC is a public institution located in Queens, New York. The school has a fairly large population, and it awarded 378 bachelors’s degrees in 2019-2020.
It costs about $1,255 for bachelor’s degree general economics students whose families make $0-$30k per year to attend QC.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
University of Maryland - College Park landed the #24 spot on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. Located in College Park, Maryland, this large public school handed out 465 diplomas to qualified bachelors’s general economics students in 2019-2020.
On top of its placing in this ranking, UMCP also did well on our “Best General Economics Bachelor’s Degree Schools” list. It’s ranked in the top 10% of all schools on our “Best General Economics Bachelor’s Degree Schools” list. It costs about $8,054 for bachelor’s degree general economics students whose families make $0-$30k per year to attend University of Maryland - College Park.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. The student loan default rate at the school is 2.4%, which is quite low when compared to the national default rate of 10.1%.
Full University of Maryland - College Park General Economics Report
University of California - Los Angeles landed the #25 spot on the 2022 Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k ranking. University of California - Los Angeles is located in Los Angeles, California and, has a large student population. In 2019-2020, this school awarded 131 bachelors’s general economics degrees to qualified students.
UCLA also took the #18 spot in our “Best General Economics Bachelor’s Degree Schools” ranking. It costs about $8,553 for bachelor’s degree general economics students whose families make $0-$30k per year to attend UCLA.
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%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
Rest of the Best 50 in Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k
Not only did these schools make the top 50 list, but they also landed in the top 15% of this year’s ranking:
Rest of the Top 15% Colleges in Best Value General Economics Schools for a Bachelor’s For Those Making $0-$30k
While not in the ‘top 50’, these schools make the top 15% of this year’s ranking:
| Rank | College | Location |
|---|---|---|
| 51 | Brigham Young University - Provo | Provo, UT |
| 52 | St Olaf College | Northfield, MN |
| 53 | Missouri University of Science and Technology | Rolla, MO |
| 54 | University of California - Riverside | Riverside, CA |
| 55 | California State University - Fullerton | Fullerton, CA |
| 56 | St Mary’s College of Maryland | St. Mary’s City, MD |
| 57 | University of Central Florida | Orlando, FL |
| 58 | The University of Texas Rio Grande Valley | Edinburg, TX |
| 59 | University of Georgia | Athens, GA |
| 60 | San Diego State University | San Diego, CA |
| 61 | University of Wisconsin - La Crosse | La Crosse, WI |
| 62 | California State University - Fresno | Fresno, CA |
| 63 | Smith College | Northampton, MA |
| 64 | California State University - Stanislaus | Turlock, CA |
| 65 | St Lawrence University | Canton, NY |
| Rank | College | Location |
|---|---|---|
| 66 | Texas A&M University - College Station | College Station, TX |
| 67 | University of Wisconsin - River Falls | River Falls, WI |
| 68 | Towson University | Towson, MD |
| 69 | Arizona State University - Tempe | Tempe, AZ |
| 70 | Brooklyn College | Brooklyn, NY |
| 71 | California State University - Long Beach | Long Beach, CA |
| 72 | Truman State University | Kirksville, MO |
| 72 | The University of West Florida | Pensacola, FL |
| 74 | College of the Holy Cross | Worcester, MA |
| 75 | The University of Texas at Austin | Austin, TX |
| 76 | Iowa State University | Ames, IA |
| 76 | University of Maryland - Baltimore County | Baltimore, MD |
| 78 | California State University - Northridge | Northridge, CA |
| 79 | College of Staten Island CUNY | Staten Island, NY |
| 80 | Boston University | Boston, MA |
| 81 | Washington State University | Pullman, WA |
| 82 | Virginia Military Institute | Lexington, VA |
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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 pixabay.
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