2022 Best Value Bachelor’s Degree Colleges for Economics in Minnesota (With Aid)
Students have lots of options to chooose from today when trying to decide which college to attend. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid” ranking is part of that endeavor.
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 Minnesota, there were 891 economics graduates with average earnings and debt of $48,580 and $22,420 respectively. At the bachelor’s degree level specifically, there were 838 economics graduates with average earnings and debt of $40,526 and $26,035 respectively.
For this year’s “Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid” ranking, we looked at 20 colleges that offer 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. For more information, check out our ranking methodology.
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Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid.
Top 20 Best Value Bachelor’s Degree Colleges for Economics in Minnesota (With Aid)
You’ll join some of the best and brightest minds around if you attend University of Minnesota - Morris. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid. Located in Morris, Minnesota, this small public school handed out 15 degrees to qualified bachelors’s economics students in 2019-2020.
UMN Morris did well in our major quality rankings, too. It placed #11 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. It costs about $11,412 for minnesota bachelor’s degree economics students with aid per year to attend UMN Morris.
The low student loan default rate of 2.9% 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%.
You’ll be in good company if you decide to attend University of Minnesota - Twin Cities. It ranked #2 on our 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. UMN Twin Cities is a public institution located in Minneapolis, Minnesota. The school has a large population, and it awarded 376 bachelors’s degrees in 2019-2020.
UMN Twin Cities also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #3. The estimated yearly cost for University of Minnesota - Twin Cities is $17,740 for minnesota bachelor’s degree economics students with aid.
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 20 schools in the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid that were part of this year’s ranking, Minnesota State University - Mankato landed the #3 spot on the list. Mankato, Minnesota 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.
Minnesota State Mankato also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #10. It costs about $16,221 for minnesota bachelor’s degree economics students with aid per year to attend Minnesota State Mankato.
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%.
You’ll be in good company if you decide to attend Bemidji State University. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Located in Bemidji, Minnesota, this small public school awarded 2 degrees to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Bemidji State University, the school also landed the #14 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Bemidji State University is $15,868 for Minnesota Bachelor’s Degree Economics students with aid.
You’ll be in good company if you decide to attend Saint Cloud State University. It ranked #5 on our 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Located in Saint Cloud, Minnesota, this fairly large public school awarded 8 diplomas to qualified bachelors’s economics students in 2019-2020.
In addition to being on our minnesota bachelor’s degree economics students with aid list, St. Cloud State University has also earned the #20 rank in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend Saint Cloud State University is $14,267 for minnesota bachelor’s degree economics students with aid.
Read full report on Economics at Saint Cloud State University
University of Minnesota - Duluth did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking, coming in at #6. Located in Duluth, Minnesota, this fairly large public school awarded 27 diplomas to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at UMN Duluth, the school also landed the #9 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The yearly cost to attend UMN Duluth is $17,067 for minnesota bachelor’s degree economics students with aid.
The school has an impressive student loan default rate. It’s only 3.1%, which is much lower than the national rate of 10.1%.
Read full report on Economics at University of Minnesota - Duluth
Minnesota State University - Moorhead did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking, coming in at #7. Minnesota State University - Moorhead is located in Moorhead, Minnesota and, has a medium-sized student population. In 2019-2020, this school awarded 7 bachelors’s economics degrees to qualified students.
In addition to being on our minnesota bachelor’s degree economics students with aid list, MSU Moorhead has also earned the #16 rank in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Minnesota State University - Moorhead is $16,893 for minnesota bachelor’s degree economics students with aid.
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%.
With a ranking of #8, Metropolitan State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Metropolitan State University is a medium-sized school located in Saint Paul, Minnesota that handed out 7 bachelors’s economics degrees in 2019-2020.
Metro State did well in our major quality rankings, too. It placed #19 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Metro State is $15,225 for Minnesota Bachelor’s Degree Economics students with aid.
Winona State University ranked #9 on this year’s Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Winona State is located in Winona, Minnesota and, has a medium-sized student population. In 2019-2020, this school awarded 5 bachelors’s economics degrees to qualified students.
Winona State also took the #18 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. The estimated yearly cost for Winona State is $17,656 for Minnesota Bachelor’s Degree Economics students with aid.
The school has an impressive student loan default rate. It’s only 3.4%, which is much lower than the national rate of 10.1%.
With a ranking of #10, St Catherine University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. St Catherine University is a small school located in Saint Paul, Minnesota that handed out 11 bachelors’s economics degrees in 2019-2020.
St. Kate’s not only placed well in this ranking. It is also #13 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. It costs about $19,078 for minnesota bachelor’s degree economics students with aid per year to attend St Catherine University.
The low student loan default rate of 2.7% 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%.
St Olaf College came in at #11 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking. St. Olaf is a small school located in Northfield, Minnesota that handed out 107 bachelors’s economics degrees in 2019-2020.
St. Olaf also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #2. The yearly cost to attend St Olaf College is $23,543 for minnesota bachelor’s degree economics students with aid.
The low student loan default rate of 1.0% 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%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
Hamline University ranked #12 on this year’s Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. This small school is located in Saint Paul, Minnesota, and it awarded 7 bachelors’s economics degrees in 2019-2020.
Hamline also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #17. The yearly cost to attend Hamline University is $20,866 for Minnesota Bachelor’s Degree Economics students with aid.
The student loan default rate at the school is 3.3%, which is quite low when compared to the national default rate of 10.1%.
Gustavus Adolphus College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking, coming in at #13. Located in Saint Peter, Minnesota, this small private not-for-profit school awarded 24 diplomas to qualified bachelors’s economics students in 2019-2020.
Gustavus Adolphus also took the #7 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $19,093 for minnesota bachelor’s degree economics students with aid per year to attend Gustavus Adolphus.
The student loan default rate at the school is 1.5%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 88%, which means students like the school well enough to return for a second year.
With a ranking of #14, Carleton College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Carleton is a small private not-for-profit school situated in Northfield, Minnesota. It awarded 45 bachelors’s economics degrees in 2019-2020.
Carleton did well in our major quality rankings, too. It placed #1 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Carleton College is $31,133 for Minnesota Bachelor’s Degree Economics students with aid.
With a student-to-faculty ratio of 8 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 1.3%, 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 94%.
College of Saint Benedict did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking, coming in at #15. This small school is located in Saint Joseph, Minnesota, and it awarded 10 bachelors’s economics degrees in 2019-2020.
CSB also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #5. It costs about $25,785 for minnesota bachelor’s degree economics students with aid per year to attend College of Saint Benedict.
The school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year. The low student loan default rate of 0.9% 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%.
With a ranking of #16, Saint Johns University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Saint Johns University is a small private not-for-profit school situated in Collegeville, Minnesota. It awarded 33 bachelors’s economics degrees in 2019-2020.
SJU did well in our major quality rankings, too. It placed #6 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Saint Johns University is $24,271 for Minnesota Bachelor’s Degree Economics students with aid.
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%.
Augsburg University landed the #17 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking. Augsburg University is a private not-for-profit institution located in Minneapolis, Minnesota. The school has a small population, and it awarded 22 bachelors’s degrees in 2019-2020.
Augsburg did well in our major quality rankings, too. It placed #12 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend Augsburg is $24,653 for minnesota bachelor’s degree economics students with aid.
University of St Thomas Minnesota landed the #18 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking. University of St Thomas Minnesota is located in Saint Paul, Minnesota and, has a medium-sized student population. In 2019-2020, this school awarded 46 bachelors’s economics degrees to qualified students.
UST MN not only placed well in this ranking. It is also #8 on our “Best Economics Bachelor’s Degree Schools in Minnesota” list. The yearly cost to attend University of St Thomas Minnesota is $29,155 for Minnesota Bachelor’s Degree Economics students with aid.
With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The low student loan default rate of 2.1% 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 ranking of #19, Bethel University Minnesota did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid list. Saint Paul, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 5 students in 2019-2020.
Bethel University Minnesota also made our “Best Economics Bachelor’s Degree Schools in Minnesota” list, coming in at #15. The yearly cost to attend Bethel University Minnesota is $25,191 for minnesota bachelor’s degree economics students with aid.
The school has an excellent freshman retention rate of 85%, 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 3.0%, which is much lower than the national rate of 10.1%.
Macalester College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Minnesota For Those Getting Aid ranking, coming in at #20. Macalester College is a small school located in Saint Paul, Minnesota that handed out 55 bachelors’s economics degrees in 2019-2020.
Macalester also took the #4 spot in our “Best Economics Bachelor’s Degree Schools in Minnesota” ranking. It costs about $28,426 for Minnesota Bachelor’s Degree Economics students with aid per year to attend Macalester.
The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year. The low student loan default rate of 0.9% 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%. 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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