2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k
When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k” ranking.
Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.
Across Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the bachelor’s degree level specifically, there were 1,221 economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k” ranking looked at 17 colleges that offer degrees in a bachelor’s in economics. Not only do the schools that top this list have excellent economics programs, but they also cost less that schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. Check out our ranking methodology for more information.
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Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k
The colleges and universities below are the best for michigan bachelor’s degree economics students whose families make $0-$30k.
Top 17 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Michigan
You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k. U-M is a large school located in Ann Arbor, Michigan that handed out 586 bachelors’s economics degrees in 2019-2020.
U-M not only placed well in this ranking. It is also #1 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $3,166 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k per year to attend U-M.
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 Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Michigan State University is a large school located in East Lansing, Michigan that handed out 316 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Michigan State, the school also landed the #2 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Michigan State is $6,686 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k.
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%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
Out of the 17 schools in the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k that were part of this year’s ranking, University of Michigan - Dearborn landed the #3 spot on the list. Dearborn, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s economics degrees to 27 students in 2019-2020.
UM Dearborn not only placed well in this ranking. It is also #10 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend UM Dearborn is $6,751 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 4.5%, which is much lower than the national rate of 10.1%.
You’ll join some of the best and brightest minds around if you attend Grand Valley State University. The school came in at #4 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k. This large school is located in Allendale, Michigan, and it awarded 20 bachelors’s economics degrees in 2019-2020.
GVSU did well in our major quality rankings, too. It placed #8 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Grand Valley State University is $11,578 for michigan bachelor’s degree economics students whose families make $0-$30k.
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 Economics at Grand Valley State University
You’ll join some of the best and brightest minds around if you attend Albion College. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k. Located in Albion, Michigan, this small private not-for-profit school awarded 27 degrees to qualified bachelors’s economics students in 2019-2020.
In addition to being on our michigan bachelor’s degree economics students whose families make $0-$30k list, Albion has also earned the #7 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Albion is $12,032 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k.
Oakland University landed the #6 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. Oakland is located in Rochester Hills, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 10 bachelors’s economics degrees to qualified students.
In addition to being on our michigan bachelor’s degree economics students whose families make $0-$30k list, Oakland has also earned the #13 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $7,490 for michigan bachelor’s degree economics students whose families make $0-$30k per year to attend Oakland.
With a ranking of #7, University of Michigan - Flint did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. UM Flint is a medium-sized public school situated in Flint, Michigan. It awarded 9 bachelors’s economics degrees in 2019-2020.
UM Flint did well in our major quality rankings, too. It placed #15 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend University of Michigan - Flint is $7,955 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k.
Read full report on Economics at University of Michigan - Flint
University of Detroit Mercy did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #8. University of Detroit Mercy is a small private not-for-profit school situated in Detroit, Michigan. It awarded 18 bachelors’s economics degrees in 2019-2020.
Detroit Mercy also took the #5 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Detroit Mercy is $13,879 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. 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%.
Read full report on Economics at University of Detroit Mercy
Northern Michigan University ranked #9 on this year’s Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. 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.
In addition to being on our michigan bachelor’s degree economics students whose families make $0-$30k list, Northern Michigan University has also earned the #16 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $9,137 for michigan bachelor’s degree economics students whose families make $0-$30k per year to attend Northern Michigan University.
Central Michigan University ranked #10 on this year’s Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Central Michigan is a fairly large school located in Mount Pleasant, Michigan that handed out 17 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Central Michigan, the school also landed the #12 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $11,598 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k per year to attend Central Michigan.
With a ranking of #11, Wayne State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Wayne State is a public institution located in Detroit, Michigan. The school has a large population, and it awarded 36 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Wayne State, the school also landed the #14 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Wayne State University is $11,413 for michigan bachelor’s degree economics students whose families make $0-$30k.
Aquinas College Michigan did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #12. Aquinas College Michigan is a small private not-for-profit school situated in Grand Rapids, Michigan. It awarded 4 bachelors’s economics degrees in 2019-2020.
Aquinas College Michigan not only placed well in this ranking. It is also #9 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Aquinas College Michigan is $13,510 for michigan bachelor’s degree economics students whose families make $0-$30k.
Western Michigan University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #13. Western Michigan University is a fairly large public school situated in Kalamazoo, Michigan. It awarded 10 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at WMU, the school also landed the #11 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $13,021 for michigan bachelor’s degree economics students whose families make $0-$30k per year to attend Western Michigan University.
Read full report on Economics at Western Michigan University
Hope College landed the #14 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. Hope College is located in Holland, Michigan and, has a small student population. In 2019-2020, this school awarded 15 bachelors’s economics degrees to qualified students.
Hope did well in our major quality rankings, too. It placed #3 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Hope College is $16,113 for michigan bachelor’s degree economics students whose families make $0-$30k.
With a freshman retention rate of 87%, 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%.
Eastern Michigan University came in at #15 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. Ypsilanti, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 19 students in 2019-2020.
Eastern Michigan did well in our major quality rankings, too. It placed #17 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Eastern Michigan University is $13,904 for michigan bachelor’s degree economics students whose families make $0-$30k.
Kalamazoo College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #16. This small school is located in Kalamazoo, Michigan, and it awarded 20 bachelors’s economics degrees in 2019-2020.
K College also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #4. The yearly cost to attend K College is $13,393 for Michigan Bachelor’s Degree Economics students whose families make $0-$30k.
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%.
Calvin University ranked #17 on this year’s Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Calvin is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 21 bachelors’s degrees in 2019-2020.
Calvin did well in our major quality rankings, too. It placed #6 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $21,344 for michigan bachelor’s degree economics students whose families make $0-$30k per year to attend Calvin University.
The low student loan default rate of 1.6% 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%. With a freshman retention rate of 87%, the school does an excellent job of retaining its students.
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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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