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2022 Best Value Doctor’s Degree Colleges for Economics (Income $48-$75k) in Illinois

6 Ranked Colleges
95 Degrees Awarded
$36,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k

With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 Doctorate in Illinois For Those Making $48-$75k” 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 Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the doctor’s degree level specifically, there were 95 economics graduates with average earnings and debt of $75,900 and $148,219 respectively.

This year’s “Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k” ranking looked at 6 colleges that offer degrees in a bachelor’s 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.

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. See our ranking methodology to learn more.

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The economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k”.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k

The colleges and universities below are the best for illinois doctor’s degree economics students whose families make $48-$75k.

Top 6 Best Value Doctor’s Degree Colleges for Economics (Income $48-$75k) in Illinois

#1

Northwestern University

Evanston, Illinois
#1 in overall quality
$56,567 Avg Grad Tuition & Fees

Out of the 6 schools in the Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. Northwestern University is a large school located in Evanston, Illinois that handed out 20 doctorate’s economics degrees in 2019-2020.

Northwestern also took the #1 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern are $56,567, but some majors have different tuition rates.

Full Northwestern University Economics Report

#2

University of Chicago

Chicago, Illinois
#2 in overall quality
$61,548 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #2 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k. University of Chicago is located in Chicago, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 37 doctorate’s economics degrees to qualified students.

UChicago also made our “Best Economics Doctor’s Degree Schools in Illinois” list, coming in at #2. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UChicago are $61,548.

Read full report on Economics at UChicago

#3

University of Illinois at Urbana-Champaign

Champaign, Illinois
#3 in overall quality
$30,083 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #3 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k. This large school is located in Champaign, Illinois, and it awarded 15 doctorate’s economics degrees in 2019-2020.

UIUC not only placed well in this ranking. It is also #3 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at University of Illinois at Urbana-Champaign are $30,083, but you may pay more or less depending on your major.

Read full report on Economics at University of Illinois at Urbana-Champaign

#4

University of Illinois at Chicago

Chicago, Illinois
#4 in overall quality
$27,036 Avg Grad Tuition & Fees

Out of the 6 schools in the Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k that were part of this year’s ranking, University of Illinois at Chicago landed the #4 spot on the list. UIC is a large public school situated in Chicago, Illinois. It awarded 15 doctorate’s economics degrees in 2019-2020.

UIC did well in our major quality rankings, too. It placed #4 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Illinois at Chicago are $27,036.

Read more about Economics at UIC

#5

Northern Illinois University

Dekalb, Illinois
#6 in overall quality
$11,086 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Northern Illinois University. The school came in at #5 for the Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k. NIU is located in Dekalb, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 2 doctorate’s economics degrees to qualified students.

As a testament to the quality of education offered at NIU, the school also landed the #6 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northern Illinois University are $11,086, but you may pay more or less depending on your major.

Read full report on Economics at Northern Illinois University

#6

Southern Illinois University Carbondale

Carbondale, Illinois
#5 in overall quality
$32,928 Avg Grad Tuition & Fees

Southern Illinois University Carbondale came in at #6 in this year’s edition of the Best Value Economics Schools for a Doctorate in Illinois For Those Making $48-$75k ranking. Southern Illinois University Carbondale is a fairly large school located in Carbondale, Illinois that handed out 6 doctorate’s economics degrees in 2019-2020.

SIUC also made our “Best Economics Doctor’s Degree Schools in Illinois” list, coming in at #5. Although you might pay more or less depending on your area of study, average graduate tuition and fees at SIUC are $32,928.

Full SIUC Economics Report

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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