2022 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Maryland
When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k” ranking is one tool we have developed to help in this regard.
In 2019-2020, 48,831 people earned their degree in economics, making the major the 18th most popular in the United States. 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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively. At the bachelor’s degree level specifically, there were 1,051 economics graduates with average earnings and debt of $40,371 and $23,982 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k” ranking looked at 14 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. For more information, check out our ranking methodology.
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Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k
The colleges and universities below are the best for maryland bachelor’s degree economics students whose families make $0-$30k.
Top 14 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Maryland
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k that were part of this year’s ranking, Johns Hopkins University landed the #1 spot on the list. Johns Hopkins is a large private not-for-profit school situated in Baltimore, Maryland. It awarded 112 bachelors’s economics degrees in 2019-2020.
Johns Hopkins also took the #1 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Johns Hopkins University is $3,526 for Maryland Bachelor’s Degree 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 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 97%, the school does an excellent job of retaining its students.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k that were part of this year’s ranking, University of Maryland - College Park landed the #2 spot on the list. University of Maryland - College Park is a large school located in College Park, Maryland that handed out 465 bachelors’s economics degrees in 2019-2020.
UMCP did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend University of Maryland - College Park is $8,054 for Maryland Bachelor’s Degree Economics students whose families make $0-$30k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 95%.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k that were part of this year’s ranking, St Mary’s College of Maryland landed the #3 spot on the list. This small school is located in St. Mary’s City, Maryland, and it awarded 27 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at SMCM, the school also landed the #7 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend SMCM is $9,445 for maryland bachelor’s degree economics students whose families make $0-$30k.
The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The low student loan default rate of 3.4% 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%.
You’ll be in good company if you decide to attend Towson University. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k list. Towson is a large public school situated in Towson, Maryland. It awarded 89 bachelors’s economics degrees in 2019-2020.
Towson not only placed well in this ranking. It is also #5 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $9,206 for maryland bachelor’s degree economics students whose families make $0-$30k per year to attend Towson.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The low student loan default rate of 3.8% 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%.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k that were part of this year’s ranking, University of Maryland - Baltimore County landed the #5 spot on the list. UMBC is located in Baltimore, Maryland and, has a fairly large student population. In 2019-2020, this school awarded 129 bachelors’s economics degrees to qualified students.
In addition to being on our maryland bachelor’s degree economics students whose families make $0-$30k list, UMBC has also earned the #4 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for UMBC is $10,820 for maryland 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 87%. The school has an impressive student loan default rate. It’s only 4.3%, which is much lower than the national rate of 10.1%.
Full University of Maryland - Baltimore County Economics Report
With a ranking of #6, Salisbury University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k list. This medium-sized school is located in Salisbury, Maryland, and it awarded 22 bachelors’s economics degrees in 2019-2020.
Salisbury also took the #6 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $11,432 for maryland bachelor’s degree economics students whose families make $0-$30k per year to attend Salisbury University.
The low student loan default rate of 3.5% 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%.
With a ranking of #7, Frostburg State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k list. Frostburg, Maryland is the setting for this small institution of higher learning. The public school handed out bachelors’s economics degrees to 12 students in 2019-2020.
Frostburg State not only placed well in this ranking. It is also #12 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $10,135 for Maryland Bachelor’s Degree Economics students whose families make $0-$30k per year to attend Frostburg State.
Washington College came in at #8 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k ranking. Washington College is located in Chestertown, Maryland and, has a small student population. In 2019-2020, this school awarded 33 bachelors’s economics degrees to qualified students.
In addition to being on our maryland bachelor’s degree economics students whose families make $0-$30k list, Washington College has also earned the #9 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $16,931 for maryland bachelor’s degree economics students whose families make $0-$30k per year to attend Washington College.
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 student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%.
Goucher College ranked #9 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k list. Goucher College is a small school located in Baltimore, Maryland that handed out 21 bachelors’s economics degrees in 2019-2020.
Goucher did well in our major quality rankings, too. It placed #8 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for Goucher is $18,274 for Maryland Bachelor’s Degree Economics students whose families make $0-$30k.
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%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Morgan State University came in at #10 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k ranking. Located in Baltimore, Maryland, this medium-sized public school handed out 5 degrees to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Morgan State, the school also landed the #14 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $14,297 for maryland bachelor’s degree economics students whose families make $0-$30k per year to attend Morgan State.
Hood College came in at #11 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k ranking. Frederick, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 1 students in 2019-2020.
Hood did well in our major quality rankings, too. It placed #13 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for Hood College is $14,381 for maryland bachelor’s degree economics students whose families make $0-$30k.
McDaniel College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k ranking, coming in at #12. This small school is located in Westminster, Maryland, and it awarded 4 bachelors’s economics degrees in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $0-$30k list, McDaniel has also earned the #11 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend McDaniel is $7,365 for maryland bachelor’s degree economics students whose families make $0-$30k.
The student loan default rate at the school is 5.0%, which is quite low when compared to the national default rate of 10.1%.
Mount St Mary’s University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k ranking, coming in at #13. The Mount is a private not-for-profit institution located in Emmitsburg, Maryland. The school has a small population, and it awarded 3 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at The Mount, the school also landed the #10 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $24,652 for maryland bachelor’s degree economics students whose families make $0-$30k per year to attend Mount St Mary’s University.
Loyola University Maryland ranked #14 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $0-$30k list. Loyola Maryland is a medium-sized school located in Baltimore, Maryland that handed out 11 bachelors’s economics degrees in 2019-2020.
Loyola Maryland also made our “Best Economics Bachelor’s Degree Schools in Maryland” list, coming in at #3. The yearly cost to attend Loyola Maryland is $29,156 for maryland bachelor’s degree economics students whose families make $0-$30k.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 2.3%, which is quite low when compared to the national default rate of 10.1%.
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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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- Credit for the banner image above goes to pixabay.
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