2022 Best Value Bachelor’s Degree Colleges for Economics (Income Over $110k) in Michigan
It’s not easy to decide which college to attend when there so many options available for students. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k” ranking is part of that endeavor.
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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the bachelor’s degree level specifically, there were 1,221 economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k” ranking looked at 17 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.
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. Check out our ranking methodology for more information.
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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k” ranking, along with many other major-related rankings, to help you make that decision.
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Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k
The colleges and universities below are the best for michigan bachelor’s degree economics students whose families make more than $110k.
Top 17 Best Value Bachelor’s Degree Colleges for Economics (Income Over $110k) in Michigan
You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k. U-M is a public institution located in Ann Arbor, Michigan. The school has a large population, and it awarded 586 bachelors’s degrees in 2019-2020.
U-M did well in our major quality rankings, too. It placed #1 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $15,336 for Michigan Bachelor’s Degree Economics students whose families make more than $110k per year to attend U-M.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. The low student loan default rate of 1.2% 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%.
You’ll be in good company if you decide to attend University of Michigan - Dearborn. It ranked #2 on our 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Located in Dearborn, Michigan, this medium-sized public school awarded 27 diplomas to qualified bachelors’s economics students in 2019-2020.
In addition to being on our michigan bachelor’s degree economics students whose families make more than $110k list, UM Dearborn has also earned the #10 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend UM Dearborn is $11,473 for michigan 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%.
You’ll be in good company if you decide to attend University of Detroit Mercy. It ranked #3 on our 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Detroit Mercy is located in Detroit, Michigan and, has a small student population. In 2019-2020, this school awarded 18 bachelors’s economics degrees to qualified students.
Detroit Mercy also took the #5 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for University of Detroit Mercy is $18,356 for Michigan Bachelor’s Degree Economics students whose families make more than $110k.
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.
Read full report on Economics at University of Detroit Mercy
You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #4 for the Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k. This large school is located in East Lansing, Michigan, and it awarded 316 bachelors’s economics degrees in 2019-2020.
Michigan State not only placed well in this ranking. It is also #2 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $19,173 for michigan bachelor’s degree economics students whose families make more than $110k per year to attend Michigan State.
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%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend Grand Valley State University. The school came in at #5 for the Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k. GVSU is a large public school situated in Allendale, Michigan. It awarded 20 bachelors’s economics degrees in 2019-2020.
In addition to being on our michigan bachelor’s degree economics students whose families make more than $110k list, GVSU has also earned the #8 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $17,646 for Michigan Bachelor’s Degree Economics students whose families make more than $110k per year to attend Grand Valley State University.
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%.
Read full report on Economics at Grand Valley State University
Central Michigan University came in at #6 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k ranking. Central Michigan University is a fairly large school located in Mount Pleasant, Michigan that handed out 17 bachelors’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 Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Central Michigan is $15,981 for Michigan Bachelor’s Degree Economics students whose families make more than $110k.
University of Michigan - Flint did quite well in the 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k ranking, coming in at #7. University of Michigan - Flint is located in Flint, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 9 bachelors’s economics degrees to qualified students.
UM Flint also took the #15 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend University of Michigan - Flint is $12,734 for Michigan Bachelor’s Degree Economics students whose families make more than $110k.
With a ranking of #8, Oakland University did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Located in Rochester Hills, Michigan, this fairly large public school awarded 10 degrees to qualified bachelors’s economics students in 2019-2020.
Oakland did well in our major quality rankings, too. It placed #13 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $11,802 for Michigan Bachelor’s Degree Economics students whose families make more than $110k per year to attend Oakland.
Wayne State University landed the #9 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k ranking. Wayne State University is located in Detroit, Michigan and, has a large student population. In 2019-2020, this school awarded 36 bachelors’s economics degrees to qualified students.
Wayne State not only placed well in this ranking. It is also #14 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Wayne State University is $13,965 for Michigan Bachelor’s Degree Economics students whose families make more than $110k.
With a ranking of #10, Aquinas College Michigan did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Aquinas College Michigan is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 4 bachelors’s degrees 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 Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Aquinas College Michigan is $18,549 for Michigan Bachelor’s Degree Economics students whose families make more than $110k.
Eastern Michigan University ranked #11 on this year’s Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Eastern Michigan is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 19 bachelors’s degrees in 2019-2020.
Eastern Michigan also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #17. The estimated yearly cost for Eastern Michigan is $15,924 for michigan bachelor’s degree economics students whose families make more than $110k.
Northern Michigan University ranked #12 on this year’s Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Located in Marquette, Michigan, this medium-sized public school handed out 14 degrees to qualified bachelors’s economics students in 2019-2020.
Northern Michigan University also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #16. It costs about $15,453 for michigan bachelor’s degree economics students whose families make more than $110k per year to attend Northern Michigan University.
Western Michigan University ranked #13 on this year’s Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. This fairly large school is located in Kalamazoo, Michigan, and it awarded 10 bachelors’s economics degrees in 2019-2020.
WMU did well in our major quality rankings, too. It placed #11 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for WMU is $19,433 for Michigan Bachelor’s Degree Economics students whose families make more than $110k.
With a ranking of #14, Albion College did quite well on the 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Located in Albion, Michigan, this small private not-for-profit school handed out 27 degrees to qualified bachelors’s economics students in 2019-2020.
Albion also took the #7 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Albion is $16,653 for michigan bachelor’s degree economics students whose families make more than $110k.
Kalamazoo College landed the #15 spot on the 2022 Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k ranking. Kalamazoo, Michigan 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.
K College did well in our major quality rankings, too. It placed #4 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Kalamazoo College is $22,808 for michigan bachelor’s degree economics students whose families make more than $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%.
Calvin University came in at #16 in this year’s edition of the Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k ranking. Calvin is located in Grand Rapids, Michigan and, has a small student population. In 2019-2020, this school awarded 21 bachelors’s economics degrees to qualified students.
Calvin also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #6. It costs about $26,647 for Michigan Bachelor’s Degree Economics students whose families make more than $110k per year to attend Calvin.
The student loan default rate at the school is 1.6%, which is quite low when compared to the national default 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.
Hope College ranked #17 on this year’s Best Vallue Economics Schools for a Bachelor’s in Michigan For Those Making Over $110k list. Holland, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 15 students in 2019-2020.
Hope not only placed well in this ranking. It is also #3 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $26,562 for michigan bachelor’s degree economics students whose families make more than $110k per year to attend Hope.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. The student loan default rate at the school is 2.1%, which is quite low when compared to the national default rate of 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.
Credits
- Credit for the banner image above goes to pixabay.
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