2022 Best Value Bachelor’s Degree Colleges for Economics (Income Over $110k) in the Great Lakes Region
With all of the options students have for higher education today, it can be tough to choose which direction to take. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k” 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 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.
For this year’s “Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k” ranking, we looked at 98 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.
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 Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k
The following schools top our list of the Best Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k.
Top 25 Best Value Bachelor’s Degree Colleges for Economics (Income Over $110k) in the Great Lakes Region
You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. U-M 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 more than $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 $15,336 for great lakes region bachelor’s degree economics students whose families make more than $110k.
The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year.
You’ll join some of the best and brightest minds around if you attend University of Wisconsin - River Falls. The school came in at #2 for the Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k. This medium-sized school is located in River Falls, Wisconsin, and it awarded 17 bachelors’s economics degrees in 2019-2020.
UW - River Falls not only placed well in this ranking. It is also #21 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $13,748 for great lakes region bachelor’s degree economics students whose families make more than $110k per year to attend University of Wisconsin - River Falls.
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%.
Read full report on Economics at University of Wisconsin - River Falls
You’ll be in good company if you decide to attend University of Wisconsin - La Crosse. It ranked #3 on our 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. UW - La Crosse is a public institution located in La Crosse, Wisconsin. The school has a fairly large population, and it awarded 45 bachelors’s 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. It costs about $14,580 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k per year to attend University of Wisconsin - La Crosse.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. The low student loan default rate of 1.6% 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 Wisconsin - La Crosse
You’ll join some of the best and brightest minds around if you attend Purdue University - Main Campus. The school came in at #4 for the Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k. Located in West Lafayette, Indiana, this large public school handed out 107 degrees to qualified bachelors’s economics students 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 yearly cost to attend Purdue is $13,986 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k.
The low student loan default rate of 2.2% 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 93%, which means students like the school well enough to return for a second year.
Out of the 98 schools in the Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k that were part of this year’s ranking, University of Wisconsin - Madison landed the #5 spot on the list. UW - Madison is a public institution located in Madison, Wisconsin. The school has a large population, and it awarded 566 bachelors’s 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 $17,708 for great lakes region bachelor’s degree economics students whose families make more than $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 Wisconsin - Whitewater ranked #6 on this year’s Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. Whitewater, Wisconsin is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 25 students in 2019-2020.
It costs about $15,249 for great lakes region bachelor’s degree economics students whose families make more than $110k per year to attend University of Wisconsin - Whitewater.
University of Wisconsin - Oshkosh landed the #7 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking. Oshkosh, Wisconsin is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 57 students in 2019-2020.
The estimated yearly cost for University of Wisconsin - Oshkosh is $15,463 for great lakes region bachelor’s degree economics students whose families make more than $110k.
University of Wisconsin - Green Bay ranked #8 on this year’s Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. Located in Green Bay, Wisconsin, this medium-sized public school handed out 4 diplomas to qualified bachelors’s economics students in 2019-2020.
The yearly cost to attend UW - Green Bay is $14,395 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k.
Indiana University - Bloomington came in at #9 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking. Indiana University - Bloomington is located in Bloomington, Indiana and, has a large student population. In 2019-2020, this school awarded 133 bachelors’s economics degrees to qualified students.
IU Bloomington also made our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #18. The estimated yearly cost for Indiana University - Bloomington is $13,253 for great lakes region bachelor’s degree economics students whose families make more than $110k.
The school has an impressive student loan default rate. It’s only 4.3%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
University of Illinois at Urbana-Champaign did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking, coming in at #10. UIUC is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 490 bachelors’s degrees in 2019-2020.
UIUC not only placed well in this ranking. It is also #5 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend University of Illinois at Urbana-Champaign is $15,880 for great lakes region bachelor’s degree economics students whose families make more than $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 #11, University of Wisconsin - Stevens Point did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. UW - Stevens Point is a public institution located in Stevens Point, Wisconsin. The school has a medium-sized population, and it awarded 8 bachelors’s degrees in 2019-2020.
The yearly cost to attend University of Wisconsin - Stevens Point is $14,465 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k.
Read more about Economics at University of Wisconsin - Stevens Point
University of Wisconsin - Eau Claire landed the #12 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking. Located in Eau Claire, Wisconsin, this fairly large public school awarded 43 diplomas to qualified bachelors’s economics students in 2019-2020.
The estimated yearly cost for University of Wisconsin - Eau Claire is $16,020 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k.
Beloit College did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking, coming in at #13. 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.
The yearly cost to attend Beloit is $11,433 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k.
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. Students who start out at the school are likely to stick around. The freshman retention rate is 90%. 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%.
Ohio State University - Main Campus ranked #14 on this year’s Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. Ohio State is located in Columbus, Ohio and, has a large student population. In 2019-2020, this school awarded 304 bachelors’s economics degrees to qualified students.
Ohio State also made our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #14. It costs about $17,616 for great lakes region bachelor’s degree economics students whose families make more than $110k per year to attend Ohio State.
Students who start out at the school are likely to stick around. The freshman retention rate is 94%. The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Ohio State University - Main Campus
University of Illinois at Springfield landed the #15 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking. Located in Springfield, Illinois, this small public school awarded 4 diplomas to qualified bachelors’s economics students in 2019-2020.
It costs about $12,477 for great lakes region bachelor’s degree economics students whose families make more than $110k per year to attend University of Illinois at Springfield.
University of Southern Indiana did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking, coming in at #16. USI is a public institution located in Evansville, Indiana. The school has a fairly large population, and it awarded 18 bachelors’s degrees in 2019-2020.
The estimated yearly cost for University of Southern Indiana is $13,437 for great lakes region bachelor’s degree economics students whose families make more than $110k.
The low student loan default rate of 5.0% 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%.
Indiana University - Purdue University - Indianapolis did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking, coming in at #17. This large school is located in Indianapolis, Indiana, and it awarded 24 bachelors’s economics degrees in 2019-2020.
It costs about $11,285 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k per year to attend IUPUI.
Read full report on Economics at Indiana University - Purdue University - Indianapolis
With a ranking of #18, Capital University did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. Capital is a small private not-for-profit school situated in Columbus, Ohio. It awarded 3 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend Capital is $22,642 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $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%.
University of Wisconsin - Parkside ranked #18 on this year’s Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. UW - Parkside is a public institution located in Kenosha, Wisconsin. The school has a small population, and it awarded 9 bachelors’s degrees in 2019-2020.
The estimated yearly cost for UW - Parkside is $11,327 for great lakes region bachelor’s degree economics students whose families make more than $110k.
University of Michigan - Dearborn ranked #20 on this year’s Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. University of Michigan - Dearborn is a medium-sized school located in Dearborn, Michigan that handed out 27 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend University of Michigan - Dearborn is $11,473 for great lakes region bachelor’s degree economics students whose families make more than $110k.
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 full report on Economics at University of Michigan - Dearborn
Purdue University Fort Wayne did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking, coming in at #21. PFW is a medium-sized school located in Fort Wayne, Indiana that handed out 5 bachelors’s economics degrees in 2019-2020.
The yearly cost to attend PFW is $10,912 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k.
With a ranking of #22, University of Detroit Mercy did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. This small school is located in Detroit, Michigan, and it awarded 18 bachelors’s economics degrees in 2019-2020.
It costs about $18,356 for Great Lakes Region Bachelor’s Degree Economics students whose families make more than $110k per year to attend Detroit Mercy.
The student loan default rate at the school is 3.5%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
University of Illinois at Chicago came in at #23 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking. University of Illinois at Chicago is located in Chicago, Illinois and, has a large student population. In 2019-2020, this school awarded 99 bachelors’s economics degrees to qualified students.
It costs about $13,312 for great lakes region bachelor’s degree economics students whose families make more than $110k per year to attend University of Illinois at Chicago.
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%.
Michigan State University did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k ranking, coming in at #24. This large school is located in East Lansing, Michigan, and it awarded 316 bachelors’s economics degrees in 2019-2020.
Michigan State did well in our major quality rankings, too. It placed #15 on our “Best Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Michigan State University is $19,173 for great lakes region bachelor’s degree economics students whose families make more than $110k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 91%.
Indiana University - Southeast ranked #25 on this year’s Best Vallue Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making Over $110k list. Indiana University - Southeast is a small public school situated in New Albany, Indiana. It awarded 4 bachelors’s economics degrees in 2019-2020.
It costs about $10,657 for great lakes region bachelor’s degree economics students whose families make more than $110k per year to attend Indiana University - Southeast.
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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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