2022 Best Value Colleges for Economics (Income $30-$48k) in Maryland
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 in Maryland For Those Making $30-$48k” 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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively.
This year’s “Best Value Economics Schools in Maryland For Those Making $30-$48k” ranking analyzed 14 colleges that offered 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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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 in Maryland For Those Making $30-$48k” list to help you make the college decision.
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Best Value Economics Schools in Maryland For Those Making $30-$48k
The following schools top our list of the Best Best Value Economics Schools in Maryland For Those Making $30-$48k.
Top 14 Best Value Colleges for Economics (Income $30-$48k) in Maryland
You’ll join some of the best and brightest minds around if you attend Johns Hopkins University. The school came in at #1 for the Best Value Economics Schools in Maryland For Those Making $30-$48k. Johns Hopkins University is a large private not-for-profit school situated in Baltimore, Maryland. It awarded 401 ’s economics degrees in 2019-2020.
Johns Hopkins also took the #1 spot in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Johns Hopkins University is $8,210 for Maryland Economics students whose families make $30-$48k.
The low student loan default rate of 1.3% 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 97%. With a student-to-faculty ratio of 6 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 University of Maryland - College Park. It ranked #2 on our 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k list. University of Maryland - College Park is a public institution located in College Park, Maryland. The school has a large population, and it awarded 541 ’s degrees in 2019-2020.
UMCP also took the #2 spot in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for University of Maryland - College Park is $12,128 for maryland economics students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. The student loan default rate at the school is 2.4%, which is quite low when compared to the national default rate of 10.1%.
You’ll join some of the best and brightest minds around if you attend St Mary’s College of Maryland. The school came in at #3 for the Best Value Economics Schools in Maryland For Those Making $30-$48k. SMCM is a public institution located in St. Mary’s City, Maryland. The school has a small population, and it awarded 27 ’s degrees in 2019-2020.
SMCM also took the #7 spot in our “Best Economics Schools in Maryland” ranking. It costs about $12,323 for maryland economics students whose families make $30-$48k per year to attend SMCM.
The school has an impressive student loan default rate. It’s only 3.4%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Making $30-$48k that were part of this year’s ranking, Towson University landed the #4 spot on the list. Towson, Maryland is the setting for this large institution of higher learning. The public school handed out ’s economics degrees to 89 students in 2019-2020.
Towson also made our “Best Economics Schools in Maryland” list, coming in at #5. The estimated yearly cost for Towson is $12,632 for maryland economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 3.8%, 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 85%.
You’ll be in good company if you decide to attend University of Maryland - Baltimore County. It ranked #5 on our 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k list. University of Maryland - Baltimore County is a public institution located in Baltimore, Maryland. The school has a fairly large population, and it awarded 130 ’s degrees in 2019-2020.
UMBC not only placed well in this ranking. It is also #4 on our “Best Economics Schools in Maryland” list. The yearly cost to attend UMBC is $12,605 for maryland economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 4.3%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 87%, the school does an excellent job of retaining its students.
Salisbury University ranked #6 on this year’s Best Value Economics Schools in Maryland For Those Making $30-$48k list. This medium-sized school is located in Salisbury, Maryland, and it awarded 22 ’s economics degrees in 2019-2020.
Salisbury not only placed well in this ranking. It is also #6 on our “Best Economics Schools in Maryland” list. The yearly cost to attend Salisbury University is $15,294 for maryland economics students whose families make $30-$48k.
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%.
Frostburg State University did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k ranking, coming in at #7. Frostburg State is a public institution located in Frostburg, Maryland. The school has a small population, and it awarded 12 ’s degrees in 2019-2020.
In addition to being on our maryland economics students whose families make $30-$48k list, Frostburg State has also earned the #12 rank in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Frostburg State University is $14,273 for maryland economics students whose families make $30-$48k.
Washington College ranked #8 on this year’s Best Value Economics Schools in Maryland For Those Making $30-$48k list. Washington College is a private not-for-profit institution located in Chestertown, Maryland. The school has a small population, and it awarded 33 ’s degrees in 2019-2020.
In addition to being on our maryland economics students whose families make $30-$48k list, Washington College has also earned the #9 rank in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Washington College is $20,531 for maryland economics students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 2.2%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Morgan State University did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k ranking, coming in at #9. Morgan State University is a medium-sized school located in Baltimore, Maryland that handed out 5 ’s economics degrees in 2019-2020.
Morgan State also made our “Best Economics Schools in Maryland” list, coming in at #14. It costs about $14,776 for maryland economics students whose families make $30-$48k per year to attend Morgan State.
Goucher College landed the #10 spot on the 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k ranking. Baltimore, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 21 students in 2019-2020.
Goucher also made our “Best Economics Schools in Maryland” list, coming in at #8. It costs about $22,286 for maryland economics students whose families make $30-$48k per year to attend Goucher.
Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an impressive student loan default rate. It’s only 4.5%, which is much lower than the national rate of 10.1%.
Hood College came in at #11 in this year’s edition of the Best Value Economics Schools in Maryland For Those Making $30-$48k ranking. Frederick, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 1 students in 2019-2020.
As a testament to the quality of education offered at Hood, the school also landed the #13 spot in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Hood is $15,268 for Maryland Economics students whose families make $30-$48k.
With a ranking of #12, Mount St Mary’s University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k list. This small school is located in Emmitsburg, Maryland, and it awarded 3 ’s economics degrees in 2019-2020.
The Mount also made our “Best Economics Schools in Maryland” list, coming in at #10. It costs about $28,160 for maryland economics students whose families make $30-$48k per year to attend Mount St Mary’s University.
McDaniel College did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k ranking, coming in at #13. McDaniel College is located in Westminster, Maryland and, has a small student population. In 2019-2020, this school awarded 4 ’s economics degrees to qualified students.
McDaniel also took the #11 spot in our “Best Economics Schools in Maryland” ranking. It costs about $11,875 for maryland economics students whose families make $30-$48k per year to attend McDaniel.
The student loan default rate at the school is 5.0%, which is quite low when compared to the national default rate of 10.1%.
Loyola University Maryland landed the #14 spot on the 2022 Best Value Economics Schools in Maryland For Those Making $30-$48k ranking. This medium-sized school is located in Baltimore, Maryland, and it awarded 11 ’s economics degrees in 2019-2020.
Loyola Maryland also made our “Best Economics Schools in Maryland” list, coming in at #3. The estimated yearly cost for Loyola Maryland is $31,027 for maryland 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 student loan default rate at the school is 2.3%, which is quite low when compared to the national default rate of 10.1%.
- Best Value Colleges for Economics (Income $30-$48k) in the Middle Atlantic Region
- Best Value Colleges for Economics (Income $30-$48k)
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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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