2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k
It’s not easy to decide which college to attend when there so many options available for students. 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 Illinois 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 Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the bachelor’s degree level specifically, there were 1,749 economics graduates with average earnings and debt of $38,319 and $24,183 respectively.
This year’s “Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k” ranking analyzed 26 colleges that offered 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. 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 Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k”.
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Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k
The colleges and universities below are the best for illinois bachelor’s degree economics students whose families make more than $110k.
Top 25 Best Value Bachelor’s Degree Colleges for Economics (Income Over $110k) in Illinois
Out of the 26 schools in the Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the #1 spot on the list. Champaign, Illinois is the setting for this large institution of higher learning. The public school handed out bachelors’s economics degrees to 490 students in 2019-2020.
As a testament to the quality of education offered at UIUC, the school also landed the #3 spot in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for University of Illinois at Urbana-Champaign is $15,880 for illinois bachelor’s degree economics students whose families make more than $110k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%.
Read more about Economics at University of Illinois at Urbana-Champaign
You’ll be in good company if you decide to attend University of Illinois at Springfield. It ranked #2 on our 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. This small school is located in Springfield, Illinois, and it awarded 4 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at UIS, the school also landed the #13 spot in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. It costs about $12,477 for Illinois Bachelor’s Degree Economics students whose families make more than $110k per year to attend University of Illinois at Springfield.
You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #3 on our 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. This large school is located in Chicago, Illinois, and it awarded 99 bachelors’s economics degrees in 2019-2020.
UIC also took the #7 spot in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. It costs about $13,312 for illinois 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%.
You’ll be in good company if you decide to attend Northern Illinois University. It ranked #4 on our 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. NIU is located in Dekalb, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 24 bachelors’s economics degrees to qualified students.
In addition to being on our illinois bachelor’s degree economics students whose families make more than $110k list, NIU has also earned the #18 rank in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. It costs about $18,259 for illinois bachelor’s degree economics students whose families make more than $110k per year to attend NIU.
You’ll be in good company if you decide to attend Eastern Illinois University. It ranked #5 on our 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. Charleston, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s economics degrees to 3 students in 2019-2020.
In addition to being on our illinois bachelor’s degree economics students whose families make more than $110k list, EIU has also earned the #21 rank in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. It costs about $14,607 for Illinois Bachelor’s Degree Economics students whose families make more than $110k per year to attend EIU.
Read full report on Economics at Eastern Illinois University
Southern Illinois University Edwardsville landed the #6 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. Edwardsville, Illinois is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s economics degrees to 9 students in 2019-2020.
SIUE did well in our major quality rankings, too. It placed #19 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. The estimated yearly cost for Southern Illinois University Edwardsville is $14,423 for Illinois Bachelor’s Degree Economics students whose families make more than $110k.
Western Illinois University came in at #7 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. WIU is a medium-sized public school situated in Macomb, Illinois. It awarded 8 bachelors’s economics degrees in 2019-2020.
WIU did well in our major quality rankings, too. It placed #17 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend WIU is $16,210 for illinois bachelor’s degree economics students whose families make more than $110k.
Dominican University did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking, coming in at #8. Dominican University is a small school located in River Forest, Illinois that handed out 6 bachelors’s economics degrees in 2019-2020.
Dominican U also made our “Best Economics Bachelor’s Degree Schools in Illinois” list, coming in at #14. The estimated yearly cost for Dominican U is $19,268 for illinois bachelor’s degree economics students whose families make more than $110k.
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.
Olivet Nazarene University ranked #9 on this year’s Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. Olivet Nazarene is located in Bourbonnais, Illinois and, has a small student population. In 2019-2020, this school awarded 33 bachelors’s economics degrees to qualified students.
Olivet Nazarene also took the #16 spot in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend Olivet Nazarene is $20,195 for illinois bachelor’s degree economics students whose families make more than $110k.
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%.
Southern Illinois University Carbondale ranked #10 on this year’s Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. SIUC is a fairly large school located in Carbondale, Illinois that handed out 13 bachelors’s economics degrees in 2019-2020.
In addition to being on our illinois bachelor’s degree economics students whose families make more than $110k list, SIUC has also earned the #24 rank in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. It costs about $16,945 for illinois bachelor’s degree economics students whose families make more than $110k per year to attend Southern Illinois University Carbondale.
Read more about Economics at Southern Illinois University Carbondale
Northwestern University did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking, coming in at #11. 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.
Northwestern also made our “Best Economics Bachelor’s Degree Schools in Illinois” list, coming in at #2. It costs about $24,664 for Illinois Bachelor’s Degree Economics students whose families make more than $110k per year to attend Northwestern.
With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. 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 97%, which means students like the school well enough to return for a second year.
Illinois College landed the #12 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. This small school is located in Jacksonville, Illinois, and it awarded 14 bachelors’s economics degrees in 2019-2020.
Illinois College did well in our major quality rankings, too. It placed #20 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. It costs about $16,562 for Illinois Bachelor’s Degree Economics students whose families make more than $110k per year to attend Illinois College.
With a ranking of #13, Illinois State University did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. Illinois State University is a public institution located in Normal, Illinois. The school has a large population, and it awarded 46 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Illinois State, the school also landed the #10 spot in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. The estimated yearly cost for Illinois State University is $20,895 for illinois bachelor’s degree economics students whose families make more than $110k.
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%.
With a ranking of #14, University of Chicago did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. University of Chicago is located in Chicago, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 423 bachelors’s economics degrees to qualified students.
UChicago did well in our major quality rankings, too. It placed #1 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend UChicago is $27,315 for illinois bachelor’s degree economics students whose families make more than $110k.
The impressive student-to-faculty ratio of 5 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The low student loan default rate of 0.6% 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%. With a freshman retention rate of 100%, the school does an excellent job of retaining its students.
Augustana College landed the #15 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. Augustana College is a small school located in Rock Island, Illinois that handed out 8 bachelors’s economics degrees in 2019-2020.
Augustana also made our “Best Economics Bachelor’s Degree Schools in Illinois” list, coming in at #8. The yearly cost to attend Augustana is $23,874 for illinois bachelor’s degree economics students whose families make more than $110k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.
McKendree University ranked #16 on this year’s Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. McKendree is located in Lebanon, Illinois and, has a small student population. In 2019-2020, this school awarded 17 bachelors’s economics degrees to qualified students.
McKendree also took the #23 spot in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend McKendree University is $19,844 for Illinois Bachelor’s Degree Economics students whose families make more than $110k.
North Central College came in at #17 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. North Central is a private not-for-profit institution located in Naperville, Illinois. The school has a small population, and it awarded 31 bachelors’s degrees in 2019-2020.
North Central did well in our major quality rankings, too. It placed #9 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend North Central is $24,786 for illinois bachelor’s degree economics students whose families make more than $110k.
The low student loan default rate of 3.9% 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%.
Wheaton College Illinois did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking, coming in at #18. Wheaton College Illinois is located in Wheaton, Illinois and, has a small student population. In 2019-2020, this school awarded 40 bachelors’s economics degrees to qualified students.
In addition to being on our illinois bachelor’s degree economics students whose families make more than $110k list, Wheaton College Illinois has also earned the #4 rank in our “Best Economics Bachelor’s Degree Schools in Illinois” ranking. The yearly cost to attend Wheaton College Illinois is $25,358 for Illinois Bachelor’s Degree Economics students whose families make more than $110k.
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 0.7%, 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.
Lake Forest College came in at #19 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. Located in Lake Forest, Illinois, this small private not-for-profit school handed out 21 diplomas to qualified bachelors’s economics students in 2019-2020.
Lake Forest did well in our major quality rankings, too. It placed #6 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend Lake Forest is $26,426 for illinois bachelor’s degree economics students whose families make more than $110k.
The school has an impressive student loan default rate. It’s only 2.5%, which is much lower than the national rate of 10.1%.
Elmhurst University ranked #20 on this year’s Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k list. Elmhurst University is a small school located in Elmhurst, Illinois that handed out 11 bachelors’s economics degrees in 2019-2020.
Elmhurst also made our “Best Economics Bachelor’s Degree Schools in Illinois” list, coming in at #15. The yearly cost to attend Elmhurst is $21,485 for illinois bachelor’s degree economics students whose families make more than $110k.
The school has an impressive student loan default rate. It’s only 3.0%, which is much lower than the national rate of 10.1%.
Knox College came in at #21 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. Knox is a private not-for-profit institution located in Galesburg, Illinois. The school has a small population, and it awarded 18 bachelors’s degrees in 2019-2020.
Knox also made our “Best Economics Bachelor’s Degree Schools in Illinois” list, coming in at #12. The yearly cost to attend Knox College is $22,292 for illinois 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. 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%.
Bradley University came in at #22 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. Peoria, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 5 students in 2019-2020.
Bradley also made our “Best Economics Bachelor’s Degree Schools in Illinois” list, coming in at #11. The estimated yearly cost for Bradley is $25,634 for Illinois Bachelor’s Degree Economics students whose families make more than $110k.
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 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%.
Roosevelt University landed the #23 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking. Roosevelt University is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 5 bachelors’s degrees in 2019-2020.
The estimated yearly cost for Roosevelt University is $22,749 for illinois bachelor’s degree economics students whose families make more than $110k.
Rockford University did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking, coming in at #24. Rockford, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 1 students in 2019-2020.
It costs about $22,197 for Illinois Bachelor’s Degree Economics students whose families make more than $110k per year to attend Rockford University.
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.
Illinois Wesleyan University did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in Illinois For Those Making Over $110k ranking, coming in at #25. Illinois Wesleyan is located in Bloomington, Illinois and, has a small student population. In 2019-2020, this school awarded 14 bachelors’s economics degrees to qualified students.
Illinois Wesleyan did well in our major quality rankings, too. It placed #5 on our “Best Economics Bachelor’s Degree Schools in Illinois” list. It costs about $26,039 for illinois bachelor’s degree economics students whose families make more than $110k per year to attend Illinois Wesleyan.
The school has an impressive student loan default rate. It’s only 1.4%, 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 87%.
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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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