2022 Best Value Bachelor’s Degree Colleges for Economics in Maryland (With Aid)
Students have lots of options to chooose from today when trying to decide which college to attend. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid” ranking is one tool we have developed to help in this regard.
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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively. At the bachelor’s degree level specifically, there were 1,051 economics graduates with average earnings and debt of $40,371 and $23,982 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid” ranking analyzed 14 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. 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 Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid”.
To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.
Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid.
Top 14 Best Value Bachelor’s Degree Colleges for Economics in Maryland (With Aid)
You’ll join some of the best and brightest minds around if you attend University of Maryland - College Park. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid. UMCP is a large school located in College Park, Maryland that handed out 465 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at UMCP, the school also landed the #2 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend UMCP is $19,045 for Maryland Bachelor’s Degree Economics students with aid.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. The school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid that were part of this year’s ranking, Johns Hopkins University landed the #2 spot on the list. Johns Hopkins University is located in Baltimore, Maryland and, has a large student population. In 2019-2020, this school awarded 112 bachelors’s economics degrees to qualified students.
Johns Hopkins also made our “Best Economics Bachelor’s Degree Schools in Maryland” list, coming in at #1. The estimated yearly cost for Johns Hopkins is $29,342 for Maryland Bachelor’s Degree Economics students with aid.
With a freshman retention rate of 97%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.3%, which is much lower than the national rate of 10.1%. Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid that were part of this year’s ranking, Towson University landed the #3 spot on the list. Towson is a large public school situated in Towson, Maryland. It awarded 89 bachelors’s economics degrees in 2019-2020.
Towson also took the #5 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Towson University is $18,233 for maryland bachelor’s degree economics students with aid.
The school has an impressive student loan default rate. It’s only 3.8%, 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 85%.
You’ll be in good company if you decide to attend University of Maryland - Baltimore County. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid list. UMBC is a fairly large school located in Baltimore, Maryland that handed out 129 bachelors’s economics degrees in 2019-2020.
UMBC did well in our major quality rankings, too. It placed #4 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $19,082 for maryland bachelor’s degree economics students with aid per year to attend UMBC.
The student loan default rate at the school is 4.3%, 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%.
Read full report on Economics at University of Maryland - Baltimore County
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid that were part of this year’s ranking, Salisbury University landed the #5 spot on the list. Located in Salisbury, Maryland, this medium-sized public school handed out 22 degrees to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Salisbury, the school also landed the #6 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $19,617 for maryland bachelor’s degree economics students with aid per year to attend Salisbury.
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%.
St Mary’s College of Maryland landed the #6 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid ranking. St. Mary’s City, Maryland is the setting for this small institution of higher learning. The public school handed out bachelors’s economics degrees to 27 students in 2019-2020.
As a testament to the quality of education offered at SMCM, the school also landed the #7 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $19,369 for maryland bachelor’s degree economics students with aid per year to attend SMCM.
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%. Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Read full report on Economics at St Mary’s College of Maryland
Frostburg State University landed the #7 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid ranking. Frostburg State is a small public school situated in Frostburg, Maryland. It awarded 12 bachelors’s economics degrees in 2019-2020.
Frostburg State did well in our major quality rankings, too. It placed #12 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Frostburg State University is $16,676 for Maryland Bachelor’s Degree Economics students with aid.
Morgan State University came in at #8 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid ranking. This medium-sized school is located in Baltimore, Maryland, and it awarded 5 bachelors’s economics degrees in 2019-2020.
Morgan State also took the #14 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend Morgan State is $17,619 for Maryland Bachelor’s Degree Economics students with aid.
With a ranking of #9, McDaniel College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid list. McDaniel is located in Westminster, Maryland and, has a small student population. In 2019-2020, this school awarded 4 bachelors’s economics degrees to qualified students.
In addition to being on our maryland bachelor’s degree economics students with aid list, McDaniel has also earned the #11 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend McDaniel College is $18,182 for maryland bachelor’s degree economics students with aid.
The school has an impressive student loan default rate. It’s only 5.0%, which is much lower than the national rate of 10.1%.
With a ranking of #10, Hood College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid list. Hood is a private not-for-profit institution located in Frederick, Maryland. The school has a small population, and it awarded 1 bachelors’s degrees in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students with aid list, Hood has also earned the #13 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $23,767 for Maryland Bachelor’s Degree Economics students with aid per year to attend Hood.
Mount St Mary’s University ranked #11 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid list. Located in Emmitsburg, Maryland, this small private not-for-profit school awarded 3 diplomas to qualified bachelors’s economics students in 2019-2020.
The Mount also made our “Best Economics Bachelor’s Degree Schools in Maryland” list, coming in at #10. The yearly cost to attend Mount St Mary’s University is $27,954 for maryland bachelor’s degree economics students with aid.
With a ranking of #12, Goucher College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid list. Goucher is a small school located in Baltimore, Maryland that handed out 21 bachelors’s economics degrees in 2019-2020.
Goucher also took the #8 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $25,716 for Maryland Bachelor’s Degree Economics students with aid per year to attend Goucher College.
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%. Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Washington College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid ranking, coming in at #13. Washington College is located in Chestertown, Maryland and, has a small student population. In 2019-2020, this school awarded 33 bachelors’s economics degrees to qualified students.
Washington College did well in our major quality rankings, too. It placed #9 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $28,638 for Maryland Bachelor’s Degree Economics students with aid per year to attend Washington College.
Since the school has a student-to-faculty ratio of 9 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 2.2%, which is much lower than the national rate of 10.1%.
Loyola University Maryland ranked #14 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Getting Aid list. Loyola University Maryland is located in Baltimore, Maryland and, has a medium-sized student population. In 2019-2020, this school awarded 11 bachelors’s economics degrees to qualified students.
Loyola Maryland not only placed well in this ranking. It is also #3 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $36,594 for Maryland Bachelor’s Degree Economics students with aid per year to attend Loyola University Maryland.
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 2.3%, which is quite low when compared to the national default rate of 10.1%.
- Best Value Bachelor’s Degree Colleges for Economics in the Middle Atlantic Region (With Aid)
- Best Value Bachelor’s Degree Colleges for Economics (With Aid)
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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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