2022 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Minnesota
Students have lots of options to chooose from today when trying to decide which college to attend. 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 for a Bachelor’s in Minnesota For Those Making $48-$75k” ranking.
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 Minnesota, there were 891 economics graduates with average earnings and debt of $48,580 and $22,420 respectively. At the bachelor’s degree level specifically, there were 838 economics graduates with average earnings and debt of $40,526 and $26,035 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k” ranking analyzed 20 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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Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k.
Top 20 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Minnesota
You’ll be in good company if you decide to attend University of Minnesota - Morris. It ranked #1 on our 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. University of Minnesota - Morris is located in Morris, Minnesota and, has a small student population. In 2019-2020, this school awarded 15 bachelors’s economics degrees to qualified students.
UMN Morris did well in our major quality rankings, too. It placed #11 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The estimated yearly cost for UMN Morris is $7,558 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
The low student loan default rate of 2.9% 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 Minnesota - Morris
You’ll be in good company if you decide to attend University of Minnesota - Twin Cities. It ranked #2 on our 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. UMN Twin Cities is a large public school situated in Minneapolis, Minnesota. It awarded 376 bachelors’s economics degrees in 2019-2020.
UMN Twin Cities not only placed well in this ranking. It is also #3 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. It costs about $12,556 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend UMN Twin Cities.
With a freshman retention rate of 93%, the school does an excellent job of retaining its students. The student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at University of Minnesota - Twin Cities
Out of the 20 schools in the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k that were part of this year’s ranking, St Olaf College landed the #3 spot on the list. St Olaf College is a small school located in Northfield, Minnesota that handed out 107 bachelors’s economics degrees in 2019-2020.
St. Olaf also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #2. The yearly cost to attend St. Olaf is $17,577 for minnesota bachelor’s degree economics students whose families make $48-$75k.
With a freshman retention rate of 91%, the school does an excellent job of retaining its students. The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%.
Out of the 20 schools in the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k that were part of this year’s ranking, Carleton College landed the #4 spot on the list. Located in Northfield, Minnesota, this small private not-for-profit school awarded 45 diplomas to qualified bachelors’s economics students in 2019-2020.
Carleton also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #1. It costs about $16,716 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend Carleton.
The school has an impressive student loan default rate. It’s only 1.3%, which is much lower than the national rate of 10.1%. The impressive student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. Students who start out at the school are likely to stick around. The freshman retention rate is 94%.
You’ll join some of the best and brightest minds around if you attend Macalester College. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k. This small school is located in Saint Paul, Minnesota, and it awarded 55 bachelors’s economics degrees in 2019-2020.
Macalester also took the #4 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $20,102 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Macalester.
Since the school has a student-to-faculty ratio of 10 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 0.9%, 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 90%.
With a ranking of #6, University of Minnesota - Duluth did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. UMN Duluth is a fairly large school located in Duluth, Minnesota that handed out 27 bachelors’s economics degrees in 2019-2020.
In addition to being on our minnesota bachelor’s degree economics students whose families make $48-$75k list, UMN Duluth has also earned the #9 rank in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $12,438 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k per year to attend UMN Duluth.
The student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.
Minnesota State University - Mankato ranked #7 on this year’s Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. This fairly large school is located in Mankato, Minnesota, and it awarded 25 bachelors’s economics degrees in 2019-2020.
Minnesota State Mankato also took the #10 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend Minnesota State University - Mankato is $14,451 for minnesota bachelor’s degree economics students whose families make $48-$75k.
The low student loan default rate of 4.4% 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 #8, Bemidji State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. This small school is located in Bemidji, Minnesota, and it awarded 2 bachelors’s economics degrees in 2019-2020.
Bemidji State University also took the #14 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend Bemidji State University is $14,001 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
Saint Cloud State University ranked #9 on this year’s Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. Saint Cloud, Minnesota is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 8 students in 2019-2020.
St. Cloud State University also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #20. It costs about $13,373 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend St. Cloud State University.
Saint Johns University came in at #10 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking. Saint Johns University is a private not-for-profit institution located in Collegeville, Minnesota. The school has a small population, and it awarded 33 bachelors’s degrees in 2019-2020.
SJU did well in our major quality rankings, too. It placed #6 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The estimated yearly cost for Saint Johns University is $19,017 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
College of Saint Benedict did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking, coming in at #11. College of Saint Benedict is a private not-for-profit institution located in Saint Joseph, Minnesota. The school has a small population, and it awarded 10 bachelors’s degrees in 2019-2020.
In addition to being on our minnesota bachelor’s degree economics students whose families make $48-$75k list, CSB has also earned the #5 rank in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for CSB is $20,978 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 89%. The student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%.
Gustavus Adolphus College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking, coming in at #12. Located in Saint Peter, Minnesota, this small private not-for-profit school awarded 24 diplomas to qualified bachelors’s economics students in 2019-2020.
Gustavus Adolphus also took the #7 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Gustavus Adolphus is $14,548 for minnesota bachelor’s degree economics students whose families make $48-$75k.
The low student loan default rate of 1.5% 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%. The school has an excellent freshman retention rate of 88%, which means students like the school well enough to return for a second year.
St Catherine University ranked #13 on this year’s Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k list. St. Kate’s is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a small population, and it awarded 11 bachelors’s degrees in 2019-2020.
St. Kate’s also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #13. It costs about $17,062 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend St Catherine University.
The school has an impressive student loan default rate. It’s only 2.7%, which is much lower than the national rate of 10.1%.
Winona State University landed the #14 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking. Winona State University is a medium-sized school located in Winona, Minnesota that handed out 5 bachelors’s economics degrees in 2019-2020.
Winona State also took the #18 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $15,140 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend Winona State University.
The low student loan default rate of 3.4% 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%.
Minnesota State University - Moorhead did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking, coming in at #15. This medium-sized school is located in Moorhead, Minnesota, and it awarded 7 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at MSU Moorhead, the school also landed the #16 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $15,002 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend MSU Moorhead.
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 Minnesota State University - Moorhead
Metropolitan State University landed the #16 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking. Metropolitan State University is a medium-sized public school situated in Saint Paul, Minnesota. It awarded 7 bachelors’s economics degrees in 2019-2020.
In addition to being on our minnesota bachelor’s degree economics students whose families make $48-$75k list, Metro State has also earned the #19 rank in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend Metropolitan State University is $15,869 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
Hamline University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking, coming in at #17. Located in Saint Paul, Minnesota, this small private not-for-profit school handed out 7 degrees to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Hamline, the school also landed the #17 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend Hamline is $18,963 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 3.3%, which is much lower than the national rate of 10.1%.
Augsburg University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking, coming in at #18. Minneapolis, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 22 students in 2019-2020.
Augsburg also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #12. The estimated yearly cost for Augsburg University is $23,301 for Minnesota Bachelor’s Degree Economics students whose families make $48-$75k.
Bethel University Minnesota came in at #19 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking. Bethel University Minnesota is located in Saint Paul, Minnesota and, has a small student population. In 2019-2020, this school awarded 5 bachelors’s economics degrees to qualified students.
Bethel University Minnesota not only placed well in this ranking. It is also #15 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The estimated yearly cost for Bethel University Minnesota is $22,228 for minnesota bachelor’s degree economics students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 85%. The school has an impressive student loan default rate. It’s only 3.0%, which is much lower than the national rate of 10.1%.
University of St Thomas Minnesota did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Making $48-$75k ranking, coming in at #20. This medium-sized school is located in Saint Paul, Minnesota, and it awarded 46 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at UST MN, the school also landed the #8 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $26,172 for minnesota bachelor’s degree economics students whose families make $48-$75k per year to attend UST MN.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
Read more about Economics at University of St Thomas Minnesota
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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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- Credit for the banner image above goes to pixabay.
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