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

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual has developed its “Best Value Economics Schools for a Doctorate in Michigan For Those Making $0-$30k” ranking as one item you can use to help make this decision.

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 doctor’s degree level specifically, there were 35 economics graduates with average earnings and debt of $70,785 and $113,051 respectively.

For this year’s “Best Value Economics Schools for a Doctorate in Michigan For Those Making $0-$30k” ranking, we looked at 4 colleges that offer a degree 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. Check out our ranking methodology for more information.

More Ways to Rank Economics Schools

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 Doctorate in Michigan 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. 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 Doctorate in Michigan For Those Making $0-$30k

The colleges and universities below are the best for michigan doctor’s degree economics students whose families make $0-$30k.

Top 4 Best Value Doctor’s Degree Colleges for Economics (Income $0-$30k) in Michigan

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan

#1 in overall quality

$49,548 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2022 Best Value Economics Schools for a Doctorate in Michigan For Those Making $0-$30k list. University of Michigan - Ann Arbor is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 20 doctorate’s economics degrees to qualified students.

As a testament to the quality of education offered at U-M, the school also landed the #1 spot in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Michigan - Ann Arbor are $49,548.

Full University of Michigan - Ann Arbor Economics Report

#2

Michigan State University

East Lansing, Michigan

#2 in overall quality

$37,056 Avg Grad Tuition & Fees

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 Doctorate in Michigan For Those Making $0-$30k list. Michigan State University is a public institution located in East Lansing, Michigan. The school has a large population, and it awarded 7 doctorate’s degrees in 2019-2020.

In addition to being on our michigan doctor’s degree economics students whose families make $0-$30k list, Michigan State has also earned the #2 rank in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Michigan State are $37,056, but some majors have different tuition rates.

Read more about Economics at Michigan State

#3

Wayne State University

Detroit, Michigan

#3 in overall quality

$37,215 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Wayne State University. The school came in at #3 for the Best Value Economics Schools for a Doctorate in Michigan For Those Making $0-$30k. Detroit, Michigan is the setting for this large institution of higher learning. The public school handed out doctorate’s economics degrees to 7 students in 2019-2020.

In addition to being on our michigan doctor’s degree economics students whose families make $0-$30k list, Wayne State has also earned the #3 rank in our “Best Economics Doctor’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Wayne State University are $37,215.

Read more about Economics at Wayne State

#4

Western Michigan University

Kalamazoo, Michigan

#3 in overall quality

$31,355 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Economics Schools for a Doctorate in Michigan For Those Making $0-$30k that were part of this year’s ranking, Western Michigan University landed the #4 spot on the list. WMU is a public institution located in Kalamazoo, Michigan. The school has a fairly large population, and it awarded 1 doctorate’s degrees in 2019-2020.

WMU also made our “Best Economics Doctor’s Degree Schools in Michigan” list, coming in at #3. Although you might pay more or less depending on your area of study, average graduate tuition and fees at WMU are $31,355.

Read more about Economics at WMU

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