2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 in Michigan For Those Making $30-$48k” ranking.
In 2019-2020, 31,150 people earned their degree in general economics, making the major the 22nd most popular in the United States.
Across Michigan, there were 1,223 general economics graduates with average earnings and debt of $0 and $0 respectively. At the bachelor’s degree level specifically, there were 1,141 general economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k” ranking looked at 17 colleges that offer degrees in a bachelor’s in general economics. This ranking identifies schools with high-quality general economics programs that also have a lower cost than schools of similar quality.
To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the general economics program at the school. 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 in Michigan For Those Making $30-$48k”.
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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.
Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k
The following schools top our list of the Best Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k.
Top 17 Best Value Bachelor’s Degree Colleges for General Economics (Income $30-$48k) in Michigan
Out of the 17 schools in the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. Ann Arbor, Michigan is the setting for this large institution of higher learning. The public school handed out bachelors’s general economics degrees to 586 students in 2019-2020.
U-M also took the #1 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for University of Michigan - Ann Arbor is $5,887 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
With a freshman retention rate of 96%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
You’ll be in good company if you decide to attend Michigan State University. It ranked #2 on our 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. This large school is located in East Lansing, Michigan, and it awarded 271 bachelors’s general economics degrees in 2019-2020.
Michigan State also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #2. The estimated yearly cost for Michigan State University is $15,197 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
With a freshman retention rate of 91%, the school does an excellent job of retaining its students. The low student loan default rate of 3.6% 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 full report on General Economics at Michigan State University
You’ll be in good company if you decide to attend Oakland University. It ranked #3 on our 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Rochester Hills, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s general economics degrees to 10 students in 2019-2020.
Oakland also took the #13 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Oakland is $7,751 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
Out of the 17 schools in the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k that were part of this year’s ranking, Grand Valley State University landed the #4 spot on the list. GVSU is a large school located in Allendale, Michigan that handed out 20 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education offered at GVSU, the school also landed the #8 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Grand Valley State University is $12,459 for michigan bachelor’s degree general economics students whose families make $30-$48k.
The low student loan default rate of 3.7% 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 full report on General Economics at Grand Valley State University
You’ll join some of the best and brightest minds around if you attend University of Michigan - Dearborn. The school came in at #5 for the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k. University of Michigan - Dearborn is located in Dearborn, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 27 bachelors’s general economics degrees to qualified students.
UM Dearborn also took the #10 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for UM Dearborn is $8,057 for michigan bachelor’s degree general economics students whose families make $30-$48k.
The student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%.
Full University of Michigan - Dearborn General Economics Report
University of Detroit Mercy came in at #6 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking. Detroit Mercy is located in Detroit, Michigan and, has a small student population. In 2019-2020, this school awarded 2 bachelors’s general economics degrees to qualified students.
As a testament to the quality of education offered at Detroit Mercy, the school also landed the #5 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for University of Detroit Mercy is $15,023 for michigan bachelor’s degree general economics students whose families make $30-$48k.
The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 3.5%, which is quite low when compared to the national default rate of 10.1%.
University of Michigan - Flint ranked #7 on this year’s Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Located in Flint, Michigan, this medium-sized public school awarded 9 degrees to qualified bachelors’s general economics students in 2019-2020.
In addition to being on our michigan bachelor’s degree general economics students whose families make $30-$48k list, UM Flint has also earned the #15 rank in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $9,512 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k per year to attend UM Flint.
Full University of Michigan - Flint General Economics Report
With a ranking of #8, Albion College did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Located in Albion, Michigan, this small private not-for-profit school awarded 26 diplomas to qualified bachelors’s general economics students in 2019-2020.
As a testament to the quality of education offered at Albion, the school also landed the #7 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Albion College is $12,541 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
Wayne State University came in at #9 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking. Wayne State is a large school located in Detroit, Michigan that handed out 30 bachelors’s general economics degrees in 2019-2020.
Wayne State also took the #14 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $11,554 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k per year to attend Wayne State University.
Northern Michigan University did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #10. Northern Michigan University is a public institution located in Marquette, Michigan. The school has a medium-sized population, and it awarded 14 bachelors’s degrees in 2019-2020.
Northern Michigan University also took the #16 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Northern Michigan University is $11,723 for michigan bachelor’s degree general economics students whose families make $30-$48k.
With a ranking of #11, Central Michigan University did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Located in Mount Pleasant, Michigan, this fairly large public school awarded 17 diplomas to qualified bachelors’s general economics students in 2019-2020.
Central Michigan also took the #12 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Central Michigan University is $12,127 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
Hope College did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #12. Hope College is a small private not-for-profit school situated in Holland, Michigan. It awarded 15 bachelors’s general economics degrees in 2019-2020.
Hope did well in our major quality rankings, too. It placed #3 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Hope College is $17,573 for michigan bachelor’s degree general economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%.
Western Michigan University ranked #13 on this year’s Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Western Michigan University is a fairly large school located in Kalamazoo, Michigan that handed out 6 bachelors’s general economics degrees in 2019-2020.
WMU also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #11. The estimated yearly cost for Western Michigan University is $15,276 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
Read more about General Economics at Western Michigan University
Eastern Michigan University landed the #14 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking. Eastern Michigan University is located in Ypsilanti, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 19 bachelors’s general economics degrees to qualified students.
Eastern Michigan not only placed well in this ranking. It is also #17 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. It costs about $14,136 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k per year to attend Eastern Michigan.
Kalamazoo College did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #15. Kalamazoo, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 20 students in 2019-2020.
As a testament to the quality of education offered at K College, the school also landed the #4 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for K College is $16,574 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
Aquinas College Michigan did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #16. Located in Grand Rapids, Michigan, this small private not-for-profit school handed out 4 diplomas to qualified bachelors’s general economics students in 2019-2020.
Aquinas College Michigan also took the #9 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Aquinas College Michigan is $14,125 for Michigan Bachelor’s Degree General Economics students whose families make $30-$48k.
Calvin University came in at #17 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking. Grand Rapids, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 13 students in 2019-2020.
As a testament to the quality of education offered at Calvin, the school also landed the #6 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Calvin University is $21,920 for michigan bachelor’s degree general economics students whose families make $30-$48k.
The student loan default rate at the school is 1.6%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
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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.
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