2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k
It’s not easy to decide which college to attend when there so many options available for students. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k” ranking - to help you make that decision.
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 the Great Lakes region, there were 6,771 economics graduates with average earnings and debt of $45,903 and $22,924 respectively. At the bachelor’s degree level specifically, there were 5,709 economics graduates with average earnings and debt of $39,075 and $25,381 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k” ranking looked at 99 colleges that offer degrees in a bachelor’s in economics. This ranking identifies schools with high-quality economics programs that also have a lower cost than 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. See our ranking methodology to learn more.
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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 for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k” list to help you make the college decision.
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Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k
The colleges and universities below are the best for great lakes region bachelor’s degree economics students whose families make $75-$110k.
Top 25 Best Value Bachelor’s Degree Colleges for Economics (Income $75-$110k) in the Great Lakes Region
You’ll be in good company if you decide to attend Northwestern University. It ranked #1 on our 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. Evanston, Illinois is the setting for this large institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 338 students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree economics students whose families make $75-$110k list, Northwestern has also earned the #2 rank in our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Northwestern University is $16,784 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The low student loan default rate of 0.8% 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%. The student-to-faculty ratio of 6 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
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 Bachelor’s in the Great Lakes Region For Those Making $75-$110k. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 423 students in 2019-2020.
UChicago did well in our major quality rankings, too. It placed #1 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for University of Chicago is $17,929 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
The school has an impressive student loan default rate. It’s only 0.6%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 100%, the school does an excellent job of retaining its students. The student-to-faculty ratio of 5 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Out of the 99 schools in the Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k that were part of this year’s ranking, University of Notre Dame landed the #3 spot on the list. This fairly large school is located in Notre Dame, Indiana, and it awarded 243 bachelors’s economics degrees in 2019-2020.
Notre Dame also took the #3 spot in our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $24,392 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k per year to attend Notre Dame.
The student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 97%, the school does an excellent job of retaining its students. The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #4 for the Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k. University of Michigan - Ann Arbor is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 586 bachelors’s economics degrees to qualified students.
In addition to being on our great lakes region bachelor’s degree economics students whose families make $75-$110k list, U-M has also earned the #4 rank in our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend U-M is $18,039 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. 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%.
You’ll be in good company if you decide to attend Purdue University - Main Campus. It ranked #5 on our 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. Purdue University - Main Campus is a public institution located in West Lafayette, Indiana. The school has a large population, and it awarded 107 bachelors’s degrees in 2019-2020.
Purdue not only placed well in this ranking. It is also #16 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Purdue University - Main Campus is $18,565 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
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%.
Beloit College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking, coming in at #6. Beloit, Wisconsin is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 20 students in 2019-2020.
It costs about $12,123 for great lakes region bachelor’s degree economics students whose families make $75-$110k per year to attend Beloit College.
The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 1.9%, which is much lower than the national rate of 10.1%. 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.
University of Wisconsin - La Crosse did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking, coming in at #7. University of Wisconsin - La Crosse is a fairly large public school situated in La Crosse, Wisconsin. It awarded 45 bachelors’s economics degrees in 2019-2020.
UW - La Crosse also made our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #20. The yearly cost to attend University of Wisconsin - La Crosse is $16,573 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
The school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.
Read full report on Economics at University of Wisconsin - La Crosse
University of Wisconsin - River Falls ranked #8 on this year’s Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. River Falls, Wisconsin is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s economics degrees to 17 students in 2019-2020.
UW - River Falls did well in our major quality rankings, too. It placed #21 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for UW - River Falls is $16,138 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
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%.
University of Wisconsin - Madison ranked #9 on this year’s Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. UW - Madison is a large school located in Madison, Wisconsin that handed out 566 bachelors’s economics degrees in 2019-2020.
UW - Madison did well in our major quality rankings, too. It placed #6 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $21,860 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k per year to attend University of Wisconsin - Madison.
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%. The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.
University of Illinois at Springfield came in at #10 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking. UIS is a small public school situated in Springfield, Illinois. It awarded 4 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend University of Illinois at Springfield is $17,342 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
University of Illinois at Urbana-Champaign landed the #11 spot on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking. UIUC is a large public school situated in Champaign, Illinois. It awarded 490 bachelors’s economics degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree economics students whose families make $75-$110k list, UIUC has also earned the #5 rank in our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend UIUC is $21,998 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
With a freshman retention rate of 94%, the school does an excellent job of retaining its students. 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%.
With a ranking of #12, DePauw University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. DePauw University is a small school located in Greencastle, Indiana that handed out 63 bachelors’s economics degrees in 2019-2020.
DePauw also made our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #7. The yearly cost to attend DePauw is $23,477 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
Students who start out at the school are likely to stick around. The freshman retention rate is 89%. The low student loan default rate of 2.5% 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%. With a student-to-faculty ratio of 8 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
University of Wisconsin - Oshkosh came in at #13 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking. This fairly large school is located in Oshkosh, Wisconsin, and it awarded 57 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend University of Wisconsin - Oshkosh is $17,210 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
Read more about Economics at University of Wisconsin - Oshkosh
University of Wisconsin - Whitewater landed the #14 spot on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking. University of Wisconsin - Whitewater is a fairly large school located in Whitewater, Wisconsin that handed out 25 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend University of Wisconsin - Whitewater is $17,364 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
Indiana University - Bloomington did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking, coming in at #15. Indiana University - Bloomington is a large public school situated in Bloomington, Indiana. It awarded 133 bachelors’s economics degrees in 2019-2020.
IU Bloomington did well in our major quality rankings, too. It placed #18 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Indiana University - Bloomington is $18,951 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
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 4.3%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at Indiana University - Bloomington
Ohio State University - Main Campus ranked #16 on this year’s Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. Ohio State is a large school located in Columbus, Ohio that handed out 304 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Ohio State, the school also landed the #14 spot in our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $21,364 for great lakes region bachelor’s degree economics students whose families make $75-$110k per year to attend Ohio State University - Main Campus.
With a freshman retention rate of 94%, the school does an excellent job of retaining its students. 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%.
Read full report on Economics at Ohio State University - Main Campus
With a ranking of #17, University of Wisconsin - Green Bay did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. UW - Green Bay is located in Green Bay, Wisconsin and, has a medium-sized student population. In 2019-2020, this school awarded 4 bachelors’s economics degrees to qualified students.
The estimated yearly cost for UW - Green Bay is $16,604 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
University of Wisconsin - Stevens Point did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking, coming in at #18. Located in Stevens Point, Wisconsin, this medium-sized public school handed out 8 degrees to qualified bachelors’s economics students in 2019-2020.
The estimated yearly cost for University of Wisconsin - Stevens Point is $16,425 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
With a ranking of #19, University of Wisconsin - Eau Claire did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. Located in Eau Claire, Wisconsin, this fairly large public school handed out 43 degrees to qualified bachelors’s economics students in 2019-2020.
The estimated yearly cost for University of Wisconsin - Eau Claire is $18,196 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
Read full report on Economics at University of Wisconsin - Eau Claire
Wheaton College Illinois landed the #20 spot on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k ranking. Wheaton, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 40 students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree economics students whose families make $75-$110k list, Wheaton College Illinois has also earned the #9 rank in our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Wheaton College Illinois is $24,299 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
The school has an impressive student loan default rate. It’s only 0.7%, which is much lower than the national 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. With a freshman retention rate of 90%, the school does an excellent job of retaining its students.
University of Detroit Mercy ranked #21 on this year’s Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. This small school is located in Detroit, Michigan, and it awarded 18 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend University of Detroit Mercy is $20,735 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
The school has an impressive student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
With a ranking of #22, University of Illinois at Chicago did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. UIC is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 99 bachelors’s degrees in 2019-2020.
It costs about $20,270 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k per year to attend University of Illinois at Chicago.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #23, Northern Illinois University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. Located in Dekalb, Illinois, this fairly large public school handed out 24 diplomas to qualified bachelors’s economics students in 2019-2020.
It costs about $21,425 for great lakes region bachelor’s degree economics students whose families make $75-$110k per year to attend NIU.
University of Wisconsin - Parkside ranked #24 on this year’s Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. University of Wisconsin - Parkside is a small public school situated in Kenosha, Wisconsin. It awarded 9 bachelors’s economics degrees in 2019-2020.
The estimated yearly cost for University of Wisconsin - Parkside is $14,993 for Great Lakes Region Bachelor’s Degree Economics students whose families make $75-$110k.
Indiana University - Purdue University - Indianapolis ranked #25 on this year’s Best Value Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $75-$110k list. This large school is located in Indianapolis, Indiana, and it awarded 24 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend Indiana University - Purdue University - Indianapolis is $17,952 for great lakes region bachelor’s degree economics students whose families make $75-$110k.
Read full report on Economics at Indiana University - Purdue University - Indianapolis
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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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