2022 Best Value Economics Schools in Michigan For Those Getting Aid
With all of the options students have for higher education today, it can be tough to choose which direction to take. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Economics Schools in Michigan For Those Getting Aid” ranking.
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 Value Economics Schools in Michigan For Those Getting Aid” 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.
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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Best Value Economics Schools in Michigan For Those Getting Aid
The colleges and universities below are the best for michigan economics students with aid.
Top 18 Best Value Colleges for Economics in Michigan (With Aid)
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Getting Aid that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. This large school is located in Ann Arbor, Michigan, and it awarded 669 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at U-M, the school also landed the #1 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend University of Michigan - Ann Arbor is $15,336 for Michigan Economics students with aid.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%.
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Getting Aid that were part of this year’s ranking, Michigan State University landed the #2 spot on the list. This large school is located in East Lansing, Michigan, and it awarded 332 ’s economics degrees in 2019-2020.
Michigan State not only placed well in this ranking. It is also #2 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Michigan State is $19,173 for michigan economics students with aid.
The student loan default rate at the school is 3.6%, 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 91%.
You’ll be in good company if you decide to attend University of Michigan - Dearborn. It ranked #3 on our 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. University of Michigan - Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 27 ’s degrees in 2019-2020.
In addition to being on our michigan economics students with aid list, UM Dearborn has also earned the #11 rank in our “Best Economics Schools in Michigan” ranking. It costs about $11,473 for michigan economics students with aid per year to attend University of Michigan - Dearborn.
The low student loan default rate of 4.5% 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%.
You’ll join some of the best and brightest minds around if you attend University of Michigan - Flint. The school came in at #4 for the Best Value Economics Schools in Michigan For Those Getting Aid. UM Flint is a public institution located in Flint, Michigan. The school has a medium-sized population, and it awarded 9 ’s degrees in 2019-2020.
UM Flint did well in our major quality rankings, too. It placed #15 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for University of Michigan - Flint is $12,734 for Michigan Economics students with aid.
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Getting Aid that were part of this year’s ranking, Grand Valley State University landed the #5 spot on the list. Grand Valley State University is a public institution located in Allendale, Michigan. The school has a large population, and it awarded 20 ’s degrees in 2019-2020.
GVSU did well in our major quality rankings, too. It placed #8 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for GVSU is $17,646 for Michigan Economics students with aid.
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%.
With a ranking of #6, Oakland University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. Oakland is a fairly large public school situated in Rochester Hills, Michigan. It awarded 10 ’s economics degrees in 2019-2020.
Oakland also made our “Best Economics Schools in Michigan” list, coming in at #13. The yearly cost to attend Oakland is $11,802 for Michigan Economics students with aid.
University of Detroit Mercy did quite well in the 2022 Best Value Economics Schools in Michigan For Those Getting Aid ranking, coming in at #7. Detroit, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 36 students in 2019-2020.
Detroit Mercy not only placed well in this ranking. It is also #4 on our “Best Economics Schools in Michigan” list. It costs about $18,356 for Michigan Economics students with aid per year to attend University of Detroit Mercy.
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%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
With a ranking of #8, Central Michigan University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. Mount Pleasant, Michigan is the setting for this fairly large institution of higher learning. The public school handed out ’s economics degrees to 31 students in 2019-2020.
Central Michigan did well in our major quality rankings, too. It placed #12 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Central Michigan is $15,981 for michigan economics students with aid.
Wayne State University ranked #9 on this year’s Best Value Economics Schools in Michigan For Those Getting Aid list. This large school is located in Detroit, Michigan, and it awarded 62 ’s economics 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. It costs about $13,965 for Michigan Economics students with aid per year to attend Wayne State University.
With a ranking of #10, Western Michigan University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. WMU is a public institution located in Kalamazoo, Michigan. The school has a fairly large population, and it awarded 22 ’s degrees in 2019-2020.
As a testament to the quality of education offered at WMU, the school also landed the #10 spot in our “Best Economics Schools in Michigan” ranking. It costs about $19,433 for Michigan Economics students with aid per year to attend Western Michigan University.
Albion College came in at #11 in this year’s edition of the Best Value Economics Schools in Michigan For Those Getting Aid ranking. Albion College is a private not-for-profit institution located in Albion, Michigan. The school has a small population, and it awarded 27 ’s 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 College is $16,653 for michigan economics students with aid.
Eastern Michigan University came in at #12 in this year’s edition of the Best Value Economics Schools in Michigan For Those Getting Aid ranking. Eastern Michigan is a fairly large public school situated in Ypsilanti, Michigan. It awarded 28 ’s economics degrees in 2019-2020.
Eastern Michigan not only placed well in this ranking. It is also #17 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Eastern Michigan is $15,924 for michigan economics students with aid.
Aquinas College Michigan came in at #13 in this year’s edition of the Best Value Economics Schools in Michigan For Those Getting Aid ranking. Located in Grand Rapids, Michigan, this small private not-for-profit school awarded 4 degrees to qualified ’s economics students in 2019-2020.
In addition to being on our michigan economics students with aid list, Aquinas College Michigan has also earned the #9 rank in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Aquinas College Michigan is $18,549 for Michigan Economics students with aid.
With a ranking of #14, Northern Michigan University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. Marquette, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 14 students in 2019-2020.
As a testament to the quality of education offered at Northern Michigan University, the school also landed the #16 spot in our “Best Economics Schools in Michigan” ranking. It costs about $15,453 for michigan economics students with aid per year to attend Northern Michigan University.
With a ranking of #15, Calvin University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. Calvin University 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.
Calvin did well in our major quality rankings, too. It placed #6 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Calvin University is $26,647 for Michigan Economics students with aid.
With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%.
With a ranking of #16, Hope College did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. Located in Holland, Michigan, this small private not-for-profit school awarded 15 degrees to qualified ’s economics students in 2019-2020.
Hope also took the #3 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Hope College is $26,562 for michigan economics students with aid.
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%.
Kalamazoo College came in at #17 in this year’s edition of the Best Value Economics Schools in Michigan For Those Getting Aid ranking. Kalamazoo College is a small school located in Kalamazoo, Michigan that handed out 20 ’s economics degrees in 2019-2020.
K College also made our “Best Economics Schools in Michigan” list, coming in at #5. It costs about $22,808 for Michigan Economics students with aid per year to attend Kalamazoo College.
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%.
With a ranking of #18, Andrews University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Getting Aid list. 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 did well in our major quality rankings, too. It placed #18 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Andrews University is $21,934 for Michigan Economics students with aid.
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%. 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. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.
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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
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