2022 Best Value Economics Schools in Michigan For Those Making $30-$48k
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 in Michigan For Those Making $30-$48k” ranking is part of that endeavor.
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.
For this year’s “Best Value Economics Schools in Michigan For Those Making $30-$48k” ranking, we looked at 18 colleges that offer 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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Best Value Economics Schools in Michigan For Those Making $30-$48k
The colleges and universities below are the best for michigan economics students whose families make $30-$48k.
Top 18 Best Value Colleges for Economics (Income $30-$48k) in Michigan
You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Value Economics Schools in Michigan For Those Making $30-$48k. Located in Ann Arbor, Michigan, this large public school handed out 669 diplomas to qualified ’s economics students in 2019-2020.
U-M also made our “Best Economics Schools in Michigan” list, coming in at #1. It costs about $5,887 for Michigan Economics students whose families make $30-$48k per year to attend University of Michigan - Ann Arbor.
With a freshman retention rate of 96%, the school does an excellent job of retaining its students. The low student loan default rate of 1.2% 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 - Ann Arbor
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 in Michigan For Those Making $30-$48k. East Lansing, Michigan is the setting for this large institution of higher learning. The public school handed out ’s economics degrees to 332 students in 2019-2020.
As a testament to the quality of education offered at Michigan State, the school also landed the #2 spot in our “Best Economics Schools in Michigan” ranking. It costs about $15,197 for Michigan Economics students whose families make $30-$48k per year to attend Michigan State University.
The student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
You’ll be in good company if you decide to attend Oakland University. It ranked #3 on our 2022 Best Value Economics Schools in Michigan For Those Making $30-$48k list. Oakland University is located in Rochester Hills, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 10 ’s economics degrees to qualified students.
In addition to being on our michigan economics students whose families make $30-$48k list, Oakland has also earned the #13 rank in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Oakland University is $7,751 for Michigan Economics students whose families make $30-$48k.
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $30-$48k that were part of this year’s ranking, Grand Valley State University landed the #4 spot on the list. GVSU is a large school located in Allendale, Michigan that handed out 20 ’s economics degrees in 2019-2020.
GVSU did well in our major quality rankings, too. It placed #8 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Grand Valley State University is $12,459 for Michigan Economics students whose families make $30-$48k.
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%.
Read full report on Economics at Grand Valley State University
You’ll join some of the best and brightest minds around if you attend University of Michigan - Dearborn. The school came in at #5 for the Best Value Economics Schools in Michigan For Those Making $30-$48k. Located in Dearborn, Michigan, this medium-sized public school awarded 27 diplomas to qualified ’s economics students in 2019-2020.
UM Dearborn also made our “Best Economics Schools in Michigan” list, coming in at #11. It costs about $8,057 for michigan economics students whose families make $30-$48k per year to attend University of Michigan - Dearborn.
The student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at University of Michigan - Dearborn
University of Detroit Mercy ranked #6 on this year’s Best Value Economics Schools in Michigan For Those Making $30-$48k list. This small school is located in Detroit, Michigan, and it awarded 36 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Detroit Mercy, the school also landed the #4 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for University of Detroit Mercy is $15,023 for Michigan Economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. The low student loan default rate of 3.5% 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 Detroit Mercy
University of Michigan - Flint came in at #7 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. UM Flint is a medium-sized public school situated in Flint, Michigan. It awarded 9 ’s economics degrees in 2019-2020.
UM Flint did well in our major quality rankings, too. It placed #15 on our “Best Economics Schools in Michigan” list. It costs about $9,512 for Michigan 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
Albion College came in at #8 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. Albion College is located in Albion, Michigan and, has a small student population. In 2019-2020, this school awarded 27 ’s economics degrees to qualified students.
Albion also made our “Best Economics Schools in Michigan” list, coming in at #7. It costs about $12,541 for michigan economics students whose families make $30-$48k per year to attend Albion College.
Central Michigan University came in at #9 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. Central Michigan is a public institution located in Mount Pleasant, Michigan. The school has a fairly large population, and it awarded 31 ’s degrees in 2019-2020.
Central Michigan also took the #12 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Central Michigan University is $12,127 for Michigan Economics students whose families make $30-$48k.
With a ranking of #10, Wayne State University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $30-$48k list. Located in Detroit, Michigan, this large public school handed out 62 degrees to qualified ’s economics students in 2019-2020.
Wayne State also took the #14 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Wayne State is $11,554 for Michigan Economics students whose families make $30-$48k.
Northern Michigan University came in at #11 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. This medium-sized school is located in Marquette, Michigan, and it awarded 14 ’s economics degrees in 2019-2020.
Northern Michigan University also made our “Best Economics Schools in Michigan” list, coming in at #16. It costs about $11,723 for Michigan Economics students whose families make $30-$48k per year to attend Northern Michigan University.
With a ranking of #12, Hope College did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $30-$48k list. Hope is located in Holland, Michigan and, has a small student population. In 2019-2020, this school awarded 15 ’s economics degrees to qualified students.
Hope not only placed well in this ranking. It is also #3 on our “Best Economics Schools in Michigan” list. It costs about $17,573 for michigan economics students whose families make $30-$48k per year to attend Hope College.
The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
Western Michigan University landed the #13 spot on the 2022 Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. Kalamazoo, Michigan is the setting for this fairly large institution of higher learning. The public school handed out ’s economics degrees to 22 students in 2019-2020.
As a testament to the quality of education offered at WMU, the school also landed the #10 spot in our “Best Economics Schools in Michigan” ranking. It costs about $15,276 for michigan economics students whose families make $30-$48k per year to attend WMU.
Eastern Michigan University came in at #14 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. Ypsilanti, Michigan is the setting for this fairly large institution of higher learning. The public school handed out ’s economics degrees to 28 students in 2019-2020.
Eastern Michigan also made our “Best Economics Schools in Michigan” list, coming in at #17. The estimated yearly cost for Eastern Michigan is $14,136 for Michigan Economics students whose families make $30-$48k.
Read full report on Economics at Eastern Michigan University
Kalamazoo College landed the #15 spot on the 2022 Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. Kalamazoo College is a private not-for-profit institution located in Kalamazoo, Michigan. The school has a small population, and it awarded 20 ’s degrees in 2019-2020.
K College did well in our major quality rankings, too. It placed #5 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Kalamazoo College is $16,574 for michigan economics students whose families make $30-$48k.
The low student loan default rate of 1.2% 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%.
With a ranking of #16, Aquinas College Michigan did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $30-$48k list. This small school is located in Grand Rapids, Michigan, and it awarded 4 ’s economics degrees in 2019-2020.
Aquinas College Michigan did well in our major quality rankings, too. It placed #9 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Aquinas College Michigan is $14,125 for Michigan Economics students whose families make $30-$48k.
Andrews University ranked #17 on this year’s Best Value Economics Schools in Michigan For Those Making $30-$48k list. Andrews University is a small private not-for-profit school situated in Berrien Springs, Michigan. It awarded 2 ’s economics degrees in 2019-2020.
Andrews not only placed well in this ranking. It is also #18 on our “Best Economics Schools in Michigan” list. It costs about $20,330 for michigan economics students whose families make $30-$48k per year to attend Andrews University.
The impressive student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The low student loan default rate of 4.8% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.
Calvin University came in at #18 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $30-$48k ranking. Calvin University is a small school located in Grand Rapids, Michigan that handed out 21 ’s economics degrees in 2019-2020.
Calvin also made our “Best Economics Schools in Michigan” list, coming in at #6. It costs about $21,920 for Michigan Economics students whose families make $30-$48k per year to attend Calvin.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 1.6%, which is quite low when compared to the national default 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.
Credits
- Credit for the banner image above goes to pixabay.
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