2022 Best Value Economics Schools in Michigan For Those Making $75-$110k
Students have lots of options to chooose from today when trying to decide which college to attend. 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 in Michigan For Those Making $75-$110k” ranking is part of that endeavor.
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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively.
For this year’s “Best Value Economics Schools in Michigan For Those Making $75-$110k” ranking, we looked at 18 colleges that offer 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.
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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Best Value Economics Schools in Michigan For Those Making $75-$110k
The colleges and universities below are the best for michigan economics students whose families make $75-$110k.
Top 18 Best Value Colleges for Economics (Income $75-$110k) in Michigan
You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k list. University of Michigan - Ann Arbor is a large school located in Ann Arbor, Michigan that handed out 669 ’s economics degrees in 2019-2020.
U-M did well in our major quality rankings, too. It placed #1 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for University of Michigan - Ann Arbor is $18,039 for michigan economics students whose families make $75-$110k.
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%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
Read full report on Economics at University of Michigan - Ann Arbor
You’ll join some of the best and brightest minds around if you attend University of Detroit Mercy. The school came in at #2 for the Best Value Economics Schools in Michigan For Those Making $75-$110k. Located in Detroit, Michigan, this small private not-for-profit school awarded 36 degrees to qualified ’s economics students in 2019-2020.
Detroit Mercy also took the #4 spot in our “Best Economics Schools in Michigan” ranking. It costs about $20,735 for michigan economics students whose families make $75-$110k per year to attend University of Detroit Mercy.
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%. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.
You’ll be in good company if you decide to attend Oakland University. It ranked #3 on our 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k list. Located in Rochester Hills, Michigan, this fairly large public school handed out 10 degrees to qualified ’s economics students in 2019-2020.
As a testament to the quality of education offered at Oakland, the school also landed the #13 spot in our “Best Economics Schools in Michigan” ranking. It costs about $15,424 for Michigan Economics students whose families make $75-$110k per year to attend Oakland University.
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $75-$110k that were part of this year’s ranking, University of Michigan - Dearborn landed the #4 spot on the list. University of Michigan - Dearborn is a medium-sized public school situated in Dearborn, Michigan. It awarded 27 ’s economics degrees in 2019-2020.
UM Dearborn also took the #11 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend University of Michigan - Dearborn is $14,132 for Michigan Economics students whose families make $75-$110k.
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%.
Read more about Economics at University of Michigan - Dearborn
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $75-$110k that were part of this year’s ranking, University of Michigan - Flint landed the #5 spot on the list. Flint, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 9 students in 2019-2020.
UM Flint not only placed well in this ranking. It is also #15 on our “Best Economics Schools in Michigan” list. The yearly cost to attend University of Michigan - Flint is $17,211 for michigan economics students whose families make $75-$110k.
With a ranking of #6, Grand Valley State University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k list. Grand Valley State University is a large school located in Allendale, Michigan that handed out 20 ’s economics degrees in 2019-2020.
In addition to being on our michigan economics students whose families make $75-$110k list, GVSU has also earned the #8 rank in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Grand Valley State University is $20,113 for Michigan Economics students whose families make $75-$110k.
The school has an impressive student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%.
Aquinas College Michigan came in at #7 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $75-$110k ranking. Located in Grand Rapids, Michigan, this small private not-for-profit school handed out 4 degrees to qualified ’s economics students in 2019-2020.
As a testament to the quality of education offered at Aquinas College Michigan, the school also landed the #9 spot in our “Best Economics Schools in Michigan” ranking. It costs about $18,905 for michigan economics students whose families make $75-$110k per year to attend Aquinas College Michigan.
Central Michigan University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k ranking, coming in at #8. Central Michigan University is a fairly large public school situated in Mount Pleasant, Michigan. It awarded 31 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Central Michigan, the school also landed the #12 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Central Michigan is $17,894 for michigan economics students whose families make $75-$110k.
Albion College ranked #9 on this year’s Best Value Economics Schools in Michigan For Those Making $75-$110k list. Albion College is a small school located in Albion, Michigan that handed out 27 ’s economics degrees in 2019-2020.
Albion not only placed well in this ranking. It is also #7 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Albion College is $18,861 for michigan economics students whose families make $75-$110k.
Michigan State University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k ranking, coming in at #10. Michigan State University is a public institution located in East Lansing, Michigan. The school has a large population, and it awarded 332 ’s degrees in 2019-2020.
As a testament to the quality of education offered at Michigan State, the school also landed the #2 spot in our “Best Economics Schools in Michigan” ranking. It costs about $25,389 for Michigan Economics students whose families make $75-$110k per year to attend Michigan State University.
With a freshman retention rate of 91%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 3.6%, which is much lower than the national rate of 10.1%.
Wayne State University came in at #11 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $75-$110k ranking. Wayne State is a public institution located in Detroit, Michigan. The school has a large population, and it awarded 62 ’s degrees in 2019-2020.
As a testament to the quality of education offered at Wayne State, the school also landed the #14 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Wayne State is $17,909 for Michigan Economics students whose families make $75-$110k.
Hope College came in at #12 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $75-$110k ranking. Hope College is a small private not-for-profit school situated in Holland, Michigan. It awarded 15 ’s economics degrees in 2019-2020.
Hope also took the #3 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Hope College is $25,779 for Michigan Economics students whose families make $75-$110k.
With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%.
Eastern Michigan University came in at #13 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $75-$110k ranking. Eastern Michigan is located in Ypsilanti, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 28 ’s economics degrees to qualified students.
As a testament to the quality of education offered at Eastern Michigan, the school also landed the #17 spot in our “Best Economics Schools in Michigan” ranking. It costs about $18,598 for Michigan Economics students whose families make $75-$110k per year to attend Eastern Michigan University.
Northern Michigan University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k ranking, coming in at #14. Northern Michigan University is a medium-sized public school situated in Marquette, Michigan. It awarded 14 ’s economics degrees in 2019-2020.
Northern Michigan University also made our “Best Economics Schools in Michigan” list, coming in at #16. The yearly cost to attend Northern Michigan University is $20,208 for Michigan Economics students whose families make $75-$110k.
Calvin University landed the #15 spot on the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k ranking. Calvin is a small school located in Grand Rapids, Michigan that handed out 21 ’s economics degrees in 2019-2020.
Calvin also took the #6 spot in our “Best Economics Schools in Michigan” ranking. It costs about $26,778 for Michigan Economics students whose families make $75-$110k per year to attend Calvin.
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 87%, which means students like the school well enough to return for a second year.
Western Michigan University landed the #16 spot on the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k ranking. This fairly large school is located in Kalamazoo, Michigan, and it awarded 22 ’s economics degrees in 2019-2020.
WMU also made our “Best Economics Schools in Michigan” list, coming in at #10. The yearly cost to attend Western Michigan University is $23,352 for michigan economics students whose families make $75-$110k.
With a ranking of #17, Kalamazoo College did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k list. This small school is located in Kalamazoo, Michigan, and it awarded 20 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at K College, the school also landed the #5 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Kalamazoo College is $23,738 for Michigan Economics students whose families make $75-$110k.
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%.
With a ranking of #18, Andrews University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $75-$110k list. Located in Berrien Springs, Michigan, this small private not-for-profit school awarded 2 diplomas to qualified ’s economics students in 2019-2020.
Andrews not only placed well in this ranking. It is also #18 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Andrews is $24,553 for Michigan Economics students whose families make $75-$110k.
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 4.8%, 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.
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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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