2022 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Alabama

With all of the options students have for higher education today, it can be tough to choose which direction to take. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k” ranking - to help you make that decision.

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 Alabama, there were 71 economics graduates with average earnings and debt of $0 and $20,750 respectively. At the bachelor’s degree level specifically, there were 66 economics graduates with average earnings and debt of $37,191 and $26,651 respectively.

This year’s “Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k” ranking looked at 3 colleges that offer degrees in a bachelor’s in economics. This ranking identifies schools with high-quality 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 economics program at the school. See our ranking methodology to learn more.

One Size Does Not Fit All

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k” list, to help you choose the best school for you.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.

Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k

The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k.

Top 3 Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in Alabama

#1

Auburn University

Auburn, Alabama

#1 in overall quality

$18,394 Average Net Price

$43,798 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Auburn University. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k. Auburn is a public institution located in Auburn, Alabama. The school has a large population, and it awarded 24 bachelors’s degrees in 2019-2020.

Auburn not only placed well in this ranking. It is also #1 on our “Best Economics Bachelor’s Degree Schools in Alabama” list. It costs about $18,394 for alabama bachelor’s degree economics students whose families make $0-$30k per year to attend Auburn University.

The low student loan default rate of 2.9% 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 92%, which means students like the school well enough to return for a second year.

Read more about Economics at Auburn

#2

Troy University

Troy, Alabama

#3 in overall quality

$14,062 Average Net Price

Out of the 3 schools in the Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k that were part of this year’s ranking, Troy University landed the #2 spot on the list. This fairly large school is located in Troy, Alabama, and it awarded 4 bachelors’s economics degrees in 2019-2020.

In addition to being on our alabama bachelor’s degree economics students whose families make $0-$30k list, TROY has also earned the #3 rank in our “Best Economics Bachelor’s Degree Schools in Alabama” ranking. It costs about $14,062 for Alabama Bachelor’s Degree Economics students whose families make $0-$30k per year to attend Troy University.

Read more about Economics at TROY

#3

Samford University

Birmingham, Alabama

#2 in overall quality

$21,953 Average Net Price

Out of the 3 schools in the Best Value Economics Schools for a Bachelor’s in Alabama For Those Making $0-$30k that were part of this year’s ranking, Samford University landed the #3 spot on the list. Samford University is located in Birmingham, Alabama and, has a medium-sized student population. In 2019-2020, this school awarded 5 bachelors’s economics degrees to qualified students.

Samford also made our “Best Economics Bachelor’s Degree Schools in Alabama” list, coming in at #2. It costs about $21,953 for Alabama Bachelor’s Degree Economics students whose families make $0-$30k per year to attend Samford.

With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The low student loan default rate of 2.6% 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 more about Economics at Samford

• Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k) in the Southeast Region
• Best Value Bachelor’s Degree Colleges for Economics (Income $0-$30k)

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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