2022 Best Value Bachelor’s Degree Colleges for Economics (Income $75-$110k) in Maine
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 Maine For Those Making $75-$110k” 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 Maine, there were 256 economics graduates with average earnings and debt of $61,300 and $19,397 respectively. At the bachelor’s degree level specifically, there were 248 economics graduates with average earnings and debt of $40,256 and $26,111 respectively.
For this year’s “Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k” ranking, we looked at 5 colleges that offer 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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One Size Does Not Fit All
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 Bachelor’s in Maine For Those Making $75-$110k”.
One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k
The colleges and universities below are the best for maine bachelor’s degree economics students whose families make $75-$110k.
Top 5 Best Value Bachelor’s Degree Colleges for Economics (Income $75-$110k) in Maine
You’ll be in good company if you decide to attend Colby College. It ranked #1 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k list. Colby College is a small school located in Waterville, Maine that handed out 69 bachelors’s economics degrees in 2019-2020.
In addition to being on our maine bachelor’s degree economics students whose families make $75-$110k list, Colby has also earned the #3 rank in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. It costs about $13,413 for Maine Bachelor’s Degree Economics students whose families make $75-$110k per year to attend Colby.
Students who start out at the school are likely to stick around. The freshman retention rate is 91%. 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%. 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.
You’ll join some of the best and brightest minds around if you attend Bowdoin College. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k. Bowdoin College is a small school located in Brunswick, Maine that handed out 63 bachelors’s economics degrees in 2019-2020.
Bowdoin did well in our major quality rankings, too. It placed #1 on our “Best Economics Bachelor’s Degree Schools in Maine” list. The estimated yearly cost for Bowdoin College is $20,816 for maine bachelor’s degree economics students whose families make $75-$110k.
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. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The low student loan default rate of 1.4% 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%.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k that were part of this year’s ranking, Bates College landed the #3 spot on the list. Bates is a small private not-for-profit school situated in Lewiston, Maine. It awarded 71 bachelors’s economics degrees in 2019-2020.
Bates did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Maine” list. It costs about $20,124 for maine bachelor’s degree economics students whose families make $75-$110k per year to attend Bates College.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 90%. 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.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k that were part of this year’s ranking, University of Southern Maine landed the #4 spot on the list. University of Southern Maine is a medium-sized school located in Portland, Maine that handed out 19 bachelors’s economics degrees in 2019-2020.
University of Southern Maine also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #5. The yearly cost to attend University of Southern Maine is $16,543 for Maine Bachelor’s Degree Economics students whose families make $75-$110k.
You’ll be in good company if you decide to attend University of Maine. It ranked #5 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Making $75-$110k list. This fairly large school is located in Orono, Maine, and it awarded 26 bachelors’s economics degrees in 2019-2020.
UMaine also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #4. The yearly cost to attend UMaine is $20,312 for maine bachelor’s degree economics students whose families make $75-$110k.
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%.
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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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