2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k
Students have lots of options to chooose from today when trying to decide which college to attend. College Factual has developed its “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k” ranking as one item you can use to help make this 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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the bachelor’s degree level specifically, there were 1,221 economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k” ranking analyzed 17 colleges that offered a degree 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. Check out our ranking methodology for more information.
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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k” ranking, along with many other major-related rankings, to help you make that decision.
To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.
Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k
The colleges and universities below are the best for michigan bachelor’s degree economics students whose families make $30-$48k.
Top 17 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k) in Michigan
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 Bachelor’s in Michigan For Those Making $30-$48k list. University of Michigan - Ann Arbor is a large school located in Ann Arbor, Michigan that handed out 586 bachelors’s economics degrees in 2019-2020.
U-M not only placed well in this ranking. It is also #1 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend University of Michigan - Ann Arbor is $5,887 for michigan bachelor’s degree economics students whose families make $30-$48k.
The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k. This large school is located in East Lansing, Michigan, and it awarded 316 bachelors’s economics degrees in 2019-2020.
Michigan State did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Michigan State University is $15,197 for michigan bachelor’s degree economics students whose families make $30-$48k.
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 3.6%, which is much lower than the national rate of 10.1%.
You’ll join some of the best and brightest minds around if you attend Oakland University. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k. This fairly large school is located in Rochester Hills, Michigan, and it awarded 10 bachelors’s economics degrees in 2019-2020.
Oakland also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #13. The yearly cost to attend Oakland University is $7,751 for michigan bachelor’s degree economics students whose families make $30-$48k.
You’ll be in good company if you decide to attend Grand Valley State University. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Grand Valley State University is located in Allendale, Michigan and, has a large student population. In 2019-2020, this school awarded 20 bachelors’s economics degrees to qualified students.
GVSU did well in our major quality rankings, too. It placed #8 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $12,459 for michigan bachelor’s degree economics students whose families make $30-$48k per year to attend GVSU.
The low student loan default rate of 3.7% 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 Michigan - Dearborn. It ranked #5 on our 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. UM Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 27 bachelors’s degrees in 2019-2020.
In addition to being on our michigan bachelor’s degree economics students whose families make $30-$48k list, UM Dearborn has also earned the #10 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend UM Dearborn is $8,057 for michigan bachelor’s degree economics students whose families make $30-$48k.
The low student loan default rate of 4.5% 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%.
Read full report on Economics at University of Michigan - Dearborn
University of Detroit Mercy landed the #6 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking. This small school is located in Detroit, Michigan, and it awarded 18 bachelors’s economics degrees in 2019-2020.
Detroit Mercy did well in our major quality rankings, too. It placed #5 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $15,023 for michigan bachelor’s degree economics students whose families make $30-$48k per year to attend Detroit Mercy.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. The school has an impressive student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%.
University of Michigan - Flint ranked #7 on this year’s Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. UM Flint is located in Flint, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 9 bachelors’s economics degrees to qualified students.
UM Flint also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #15. It costs about $9,512 for michigan bachelor’s degree economics students whose families make $30-$48k per year to attend University of Michigan - Flint.
Read full report on Economics at University of Michigan - Flint
With a ranking of #8, Albion College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Albion College is a small school located in Albion, Michigan that handed out 27 bachelors’s economics degrees in 2019-2020.
Albion did well in our major quality rankings, too. It placed #7 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $12,541 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k per year to attend Albion.
With a ranking of #9, Wayne State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Located in Detroit, Michigan, this large public school awarded 36 degrees to qualified bachelors’s economics students in 2019-2020.
Wayne State also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #14. The yearly cost to attend Wayne State University is $11,554 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k.
Northern Michigan University landed the #10 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking. Marquette, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s economics degrees to 14 students in 2019-2020.
Northern Michigan University also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #16. The yearly cost to attend Northern Michigan University is $11,723 for michigan bachelor’s degree economics students whose families make $30-$48k.
With a ranking of #11, Central Michigan University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. This fairly large school is located in Mount Pleasant, Michigan, and it awarded 17 bachelors’s economics degrees in 2019-2020.
Central Michigan also took the #12 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Central Michigan is $12,127 for michigan bachelor’s degree economics students whose families make $30-$48k.
Read full report on Economics at Central Michigan University
With a ranking of #12, Hope College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Hope is a small school located in Holland, Michigan that handed out 15 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Hope, the school also landed the #3 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Hope is $17,573 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k.
The student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
Western Michigan University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #13. Kalamazoo, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 10 students in 2019-2020.
WMU also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #11. It costs about $15,276 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k per year to attend WMU.
Eastern Michigan University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #14. Eastern Michigan University is a fairly large public school situated in Ypsilanti, Michigan. It awarded 19 bachelors’s economics degrees in 2019-2020.
Eastern Michigan not only placed well in this ranking. It is also #17 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $14,136 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k per year to attend Eastern Michigan University.
Read full report on Economics at Eastern Michigan University
With a ranking of #15, Kalamazoo College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. K College is located in Kalamazoo, Michigan and, has a small student population. In 2019-2020, this school awarded 20 bachelors’s economics degrees to qualified students.
K College also took the #4 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $16,574 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k per year to attend K College.
The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%.
Aquinas College Michigan did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k ranking, coming in at #16. Located in Grand Rapids, Michigan, this small private not-for-profit school handed out 4 diplomas to qualified bachelors’s economics students in 2019-2020.
Aquinas College Michigan also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #9. The estimated yearly cost for Aquinas College Michigan is $14,125 for michigan bachelor’s degree economics students whose families make $30-$48k.
Calvin University ranked #17 on this year’s Best Value Economics Schools for a Bachelor’s in Michigan For Those Making $30-$48k list. Grand Rapids, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 21 students in 2019-2020.
Calvin not only placed well in this ranking. It is also #6 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Calvin is $21,920 for Michigan Bachelor’s Degree Economics students whose families make $30-$48k.
With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The low student loan default rate of 1.6% 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%.
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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.
Credits
- Credit for the banner image above goes to pixabay.
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