2022 Best Value Colleges for Economics (Income Over $110k) in Michigan
When it comes to choosing a college, students have a lot of options - but not all of them are good. 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 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.
This year’s “Best Vallue Economics Schools in Michigan For Those Making Over $110k” ranking analyzed 18 colleges that offered a degree in economics. The schools that top this list are recognized because they have great economics programs and 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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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Vallue Economics Schools in Michigan For Those Making Over $110k” list, to help you choose the best school for you.
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Best Vallue Economics Schools in Michigan For Those Making Over $110k
The following schools top our list of the Best Best Vallue Economics Schools in Michigan For Those Making Over $110k.
Top 18 Best Value Colleges for Economics (Income Over $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 Vallue Economics Schools in Michigan For Those Making Over $110k list. U-M is a large public school situated in Ann Arbor, Michigan. It awarded 669 ’s economics degrees in 2019-2020.
In addition to being on our michigan economics students whose families make more than $110k list, U-M has also earned the #1 rank in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for University of Michigan - Ann Arbor is $15,336 for Michigan Economics students whose families make more than $110k.
The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. 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%.
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 in Michigan For Those Making Over $110k list. University of Michigan - Dearborn is a medium-sized public school situated in Dearborn, Michigan. It awarded 27 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at UM Dearborn, the school also landed the #11 spot in our “Best Economics Schools in Michigan” ranking. It costs about $11,473 for michigan economics students whose families make more than $110k per year to attend UM Dearborn.
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%.
Out of the 18 schools in the Best Vallue Economics Schools in Michigan For Those Making Over $110k that were part of this year’s ranking, University of Detroit Mercy landed the #3 spot on the list. University of Detroit Mercy is a small school located in Detroit, Michigan that handed out 36 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Detroit Mercy, the school also landed the #4 spot in our “Best Economics Schools in Michigan” ranking. It costs about $18,356 for Michigan Economics students whose families make more than $110k per year to attend University of Detroit Mercy.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. The school has an impressive student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%.
Out of the 18 schools in the Best Vallue Economics Schools in Michigan For Those Making Over $110k that were part of this year’s ranking, Central Michigan University landed the #4 spot on the list. Located in Mount Pleasant, Michigan, this fairly large public school awarded 31 degrees to qualified ’s economics students 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 $15,981 for Michigan Economics students whose families make more than $110k.
Read full report on Economics at Central Michigan University
You’ll be in good company if you decide to attend Michigan State University. It ranked #4 on our 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k list. Located in East Lansing, Michigan, this large public school awarded 332 diplomas to qualified ’s economics students 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 $19,173 for michigan economics students whose families make more than $110k per year to attend Michigan State.
The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. 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 ranking of #6, Grand Valley State University did quite well on the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k list. Located in Allendale, Michigan, this large public school awarded 20 degrees to qualified ’s economics students in 2019-2020.
In addition to being on our michigan economics students whose families make more than $110k list, GVSU has also earned the #8 rank in our “Best Economics Schools in Michigan” ranking. It costs about $17,646 for michigan economics students whose families make more than $110k per year to attend Grand Valley State University.
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%.
University of Michigan - Flint came in at #7 in this year’s edition of the Best Vallue Economics Schools in Michigan For Those Making Over $110k ranking. UM Flint is a medium-sized school located in Flint, Michigan that handed out 9 ’s economics degrees in 2019-2020.
UM Flint also took the #15 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend UM Flint is $12,734 for Michigan Economics students whose families make more than $110k.
Oakland University landed the #8 spot on the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k ranking. Oakland is a public institution located in Rochester Hills, Michigan. The school has a fairly large population, and it awarded 10 ’s degrees in 2019-2020.
Oakland did well in our major quality rankings, too. It placed #13 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Oakland University is $11,802 for michigan economics students whose families make more than $110k.
Wayne State University ranked #9 on this year’s Best Vallue Economics Schools in Michigan For Those Making Over $110k list. Wayne State University is a public institution located in Detroit, Michigan. The school has a large population, and it awarded 62 ’s degrees in 2019-2020.
Wayne State did well in our major quality rankings, too. It placed #14 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Wayne State is $13,965 for michigan economics students whose families make more than $110k.
Aquinas College Michigan ranked #10 on this year’s Best Vallue Economics Schools in Michigan For Those Making Over $110k list. Aquinas College Michigan is a small school located in Grand Rapids, Michigan that handed out 4 ’s economics degrees in 2019-2020.
Aquinas College Michigan also took the #9 spot in our “Best Economics Schools in Michigan” ranking. It costs about $18,549 for Michigan Economics students whose families make more than $110k per year to attend Aquinas College Michigan.
With a ranking of #11, Eastern Michigan University did quite well on the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k list. Located in Ypsilanti, Michigan, this fairly large public school awarded 28 degrees to qualified ’s economics students in 2019-2020.
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. The yearly cost to attend Eastern Michigan University is $15,924 for michigan economics students whose families make more than $110k.
Read full report on Economics at Eastern Michigan University
Western Michigan University ranked #12 on this year’s Best Vallue Economics Schools in Michigan For Those Making Over $110k list. 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 estimated yearly cost for WMU is $19,433 for Michigan Economics students whose families make more than $110k.
Northern Michigan University did quite well in the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k ranking, coming in at #13. Located in Marquette, Michigan, this medium-sized public school handed out 14 degrees to qualified ’s economics students in 2019-2020.
Northern Michigan University not only placed well in this ranking. It is also #16 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Northern Michigan University is $15,453 for Michigan Economics students whose families make more than $110k.
Albion College came in at #14 in this year’s edition of the Best Vallue Economics Schools in Michigan For Those Making Over $110k ranking. Albion College is a small private not-for-profit school situated in Albion, Michigan. It awarded 27 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Albion, the school also landed the #7 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Albion is $16,653 for michigan economics students whose families make more than $110k.
With a ranking of #15, Kalamazoo College did quite well on the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k list. K College is a small school located in Kalamazoo, Michigan that handed out 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 yearly cost to attend K College is $22,808 for michigan 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%.
Calvin University landed the #16 spot on the 2022 Best Vallue Economics Schools 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 ’s economics degrees to qualified students.
In addition to being on our michigan economics students whose families make more than $110k list, Calvin has also earned the #6 rank in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Calvin University is $26,647 for michigan economics students whose families make more than $110k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
With a ranking of #17, Hope College did quite well on the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k list. This small school is located in Holland, Michigan, and it awarded 15 ’s economics degrees in 2019-2020.
Hope did well in our major quality rankings, too. It placed #3 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Hope College is $26,562 for Michigan Economics students whose families make more than $110k.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
Andrews University did quite well in the 2022 Best Vallue Economics Schools in Michigan For Those Making Over $110k ranking, coming in at #18. Berrien Springs, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 2 students in 2019-2020.
Andrews also made our “Best Economics Schools in Michigan” list, coming in at #18. The estimated yearly cost for Andrews University is $21,934 for michigan 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 85%. 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%. 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.
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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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