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2022 Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k

6 Ranked Colleges
95 Degrees Awarded
$36,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Doctorate in Illinois 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 Doctorate in Illinois 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 Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the doctor’s degree level specifically, there were 95 economics graduates with average earnings and debt of $75,900 and $148,219 respectively.

This year’s “Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k” ranking looked at 6 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.

Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

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When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k” list to help you make the college decision.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k

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

Top 6 Best Value Doctor’s Degree Colleges for Economics (Income $0-$30k) in Illinois

#1

Northwestern University

Evanston, Illinois
#1 in overall quality
$56,567 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #1 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out doctorate’s economics degrees to 20 students in 2019-2020.

As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Read full report on Economics at Northwestern University

#2

University of Chicago

Chicago, Illinois
#2 in overall quality
$61,548 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Chicago. It ranked #2 on our 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k list. UChicago is a fairly large school located in Chicago, Illinois that handed out 37 doctorate’s economics degrees in 2019-2020.

In addition to being on our illinois doctor’s degree economics students whose families make $0-$30k list, UChicago has also earned the #2 rank in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UChicago are $61,548, but you may pay more or less depending on your major.

Read full report on Economics at University of Chicago

#3

University of Illinois at Urbana-Champaign

Champaign, Illinois
#3 in overall quality
$30,083 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #3 on our 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k list. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 15 doctorate’s degrees in 2019-2020.

UIUC not only placed well in this ranking. It is also #3 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but you may pay more or less depending on your major.

Full University of Illinois at Urbana-Champaign Economics Report

#4

University of Illinois at Chicago

Chicago, Illinois
#4 in overall quality
$27,036 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #4 on our 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k list. Located in Chicago, Illinois, this large public school handed out 15 degrees to qualified doctorate’s economics students in 2019-2020.

UIC not only placed well in this ranking. It is also #4 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UIC are $27,036.

Full UIC Economics Report

#5

Northern Illinois University

Dekalb, Illinois
#6 in overall quality
$11,086 Avg Grad Tuition & Fees

Out of the 6 schools in the Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k that were part of this year’s ranking, Northern Illinois University landed the #5 spot on the list. Dekalb, Illinois is the setting for this fairly large institution of higher learning. The public school handed out doctorate’s economics degrees to 2 students in 2019-2020.

NIU not only placed well in this ranking. It is also #6 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at NIU are $11,086.

Read full report on Economics at Northern Illinois University

#6

Southern Illinois University Carbondale

Carbondale, Illinois
#5 in overall quality
$32,928 Avg Grad Tuition & Fees

Southern Illinois University Carbondale ranked #6 on this year’s Best Value Economics Schools for a Doctorate in Illinois For Those Making $0-$30k list. Located in Carbondale, Illinois, this fairly large public school handed out 6 diplomas to qualified doctorate’s economics students in 2019-2020.

SIUC not only placed well in this ranking. It is also #5 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at SIUC are $32,928, but some majors have different tuition rates.

Read full report on Economics at Southern Illinois University Carbondale

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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