2022 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k) in Maine
It’s not easy to decide which college to attend when there so many options available for students. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k” ranking is part of that endeavor.
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 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.
For this year’s “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k” ranking, we looked at 5 colleges that offer a degree 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. For more information, check out our ranking methodology.
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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 Maine 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. Go ahead and give it a try, or bookmark the link so you can check it out later.
Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k.
Top 5 Best Value Bachelor’s Degree Colleges for Economics (Income $30-$48k) in Maine
You’ll be in good company if you decide to attend Colby College. It ranked #1 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k list. Waterville, Maine is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 69 students in 2019-2020.
Colby did well in our major quality rankings, too. It placed #3 on our “Best Economics Bachelor’s Degree Schools in Maine” list. The estimated yearly cost for Colby College is $3,467 for maine bachelor’s degree economics students whose families make $30-$48k.
The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 3.7%, which is quite low when compared to the national default 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 be in good company if you decide to attend Bates College. It ranked #2 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k list. Bates College is a small school located in Lewiston, Maine that handed out 71 bachelors’s economics degrees in 2019-2020.
Bates not only placed well in this ranking. It is also #2 on our “Best Economics Bachelor’s Degree Schools in Maine” list. The estimated yearly cost for Bates College is $9,039 for maine bachelor’s degree economics students whose families make $30-$48k.
The student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. 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%.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k that were part of this year’s ranking, Bowdoin College landed the #3 spot on the list. Brunswick, Maine is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 63 students in 2019-2020.
Bowdoin also took the #1 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. It costs about $12,603 for maine bachelor’s degree economics students whose families make $30-$48k per year to attend Bowdoin College.
Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 1.4%, which is quite low when compared to the national default rate of 10.1%.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k that were part of this year’s ranking, University of Southern Maine landed the #4 spot on the list. Located in Portland, Maine, this medium-sized public school handed out 19 diplomas to qualified bachelors’s economics students in 2019-2020.
In addition to being on our maine bachelor’s degree economics students whose families make $30-$48k list, University of Southern Maine has also earned the #5 rank in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for University of Southern Maine is $9,295 for Maine Bachelor’s Degree Economics students whose families make $30-$48k.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $30-$48k 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.
As a testament to the quality of education offered at UMaine, the school also landed the #4 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for University of Maine is $14,458 for maine bachelor’s degree economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 4.8%, which is much lower than the national rate of 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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