2022 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Maine
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 Economics Schools for a Bachelor’s in Maine 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 Maine, there were 256 economics graduates with average earnings and debt of $61,300 and $19,397 respectively. At the bachelor’s degree level specifically, there were 248 economics graduates with average earnings and debt of $40,256 and $26,111 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k” ranking looked at 5 colleges that offer degrees in a bachelor’s in economics. The schools that top this list are recognized because they have great economics programs and cost less that 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 economics program at the school. See our ranking methodology to learn more.
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The 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 Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k”.
One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.
Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k.
Top 5 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Maine
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k that were part of this year’s ranking, Colby College landed the #1 spot on the list. Colby is a private not-for-profit institution located in Waterville, Maine. The school has a small population, and it awarded 69 bachelors’s degrees in 2019-2020.
Colby also took the #3 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for Colby College is $2,335 for Maine 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 91%. The school has an impressive student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%. With a student-to-faculty ratio of 10 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 Bates College. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k. This small school is located in Lewiston, Maine, and it awarded 71 bachelors’s economics degrees in 2019-2020.
Bates did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Maine” list. The estimated yearly cost for Bates College is $4,618 for maine bachelor’s degree economics students whose families make $0-$30k.
With a student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. With a freshman retention rate of 90%, the school does an excellent job of retaining its students. 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%.
You’ll join some of the best and brightest minds around if you attend Bowdoin College. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k. Bowdoin College is a private not-for-profit institution located in Brunswick, Maine. The school has a small population, and it awarded 63 bachelors’s degrees in 2019-2020.
In addition to being on our maine bachelor’s degree economics students whose families make $0-$30k list, Bowdoin has also earned the #1 rank in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. It costs about $5,626 for maine bachelor’s degree economics students whose families make $0-$30k per year to attend Bowdoin.
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 86%. 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%.
You’ll be in good company if you decide to attend University of Southern Maine. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k list. University of Southern Maine is located in Portland, Maine and, has a medium-sized student population. In 2019-2020, this school awarded 19 bachelors’s economics degrees to qualified students.
As a testament to the quality of education offered at University of Southern Maine, the school also landed the #5 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for University of Southern Maine is $8,753 for maine bachelor’s degree economics students whose families make $0-$30k.
Read full report on Economics at University of Southern Maine
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $0-$30k that were part of this year’s ranking, University of Maine landed the #5 spot on the list. Orono, Maine is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 26 students in 2019-2020.
UMaine also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #4. The yearly cost to attend UMaine is $13,989 for maine bachelor’s degree economics students whose families make $0-$30k.
The low student loan default rate of 4.8% 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%.
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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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