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2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid

8 Ranked Colleges
143 Degrees Awarded
$31,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Master's in Michigan For Those Getting Aid

When pursuing a degree in today’s world, students have many different options to choose from. 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 Master’s in Michigan For Those Getting Aid” 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 master’s degree level specifically, there were 143 economics graduates with average earnings and debt of $58,608 and $41,198 respectively.

For this year’s “Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid” ranking, we looked at 8 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.

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 the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid” list, to help you choose the best school for you.

You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. 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 Master’s in Michigan For Those Getting Aid

The colleges and universities below are the best for michigan master’s degree economics students with aid.

Top 8 Best Value Master’s Degree Colleges for Economics in Michigan (With Aid)

#1

University of Michigan - Ann Arbor

Ann Arbor, Michigan
#1 in overall quality
$49,548 Avg Grad Tuition & Fees

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 Value Economics Schools for a Master’s in Michigan For Those Getting Aid. U-M is located in Ann Arbor, Michigan and, has a large student population. In 2019-2020, this school awarded 63 masters’s economics degrees to qualified students.

In addition to being on our michigan master’s degree economics students with aid list, U-M has also earned the #1 rank in our “Best Economics Master’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at U-M are $49,548.

Read full report on Economics at University of Michigan - Ann Arbor

#2

Michigan State University

East Lansing, Michigan
#2 in overall quality
$37,056 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Michigan State University. It ranked #2 on our 2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid list. Michigan State University is a large school located in East Lansing, Michigan that handed out 9 masters’s economics degrees in 2019-2020.

Michigan State not only placed well in this ranking. It is also #2 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at Michigan State are $37,056, but you may pay more or less depending on your major.

Read more about Economics at Michigan State University

#3

University of Detroit Mercy

Detroit, Michigan
#3 in overall quality
$20,047 Avg Grad Tuition & Fees
$69,338 Average Early-Career Earnings

You’ll be in good company if you decide to attend University of Detroit Mercy. It ranked #3 on our 2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid list. Detroit Mercy is a small private not-for-profit school situated in Detroit, Michigan. It awarded 18 masters’s economics degrees in 2019-2020.

As a testament to the quality of education offered at Detroit Mercy, the school also landed the #3 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Detroit Mercy are $20,047.

Full Detroit Mercy Economics Report

#4

Central Michigan University

Mount Pleasant, Michigan
#6 in overall quality
$19,359 Avg Grad Tuition & Fees

Out of the 8 schools in the Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid that were part of this year’s ranking, Central Michigan University landed the #4 spot on the list. Central Michigan is a fairly large public school situated in Mount Pleasant, Michigan. It awarded 14 masters’s economics degrees in 2019-2020.

Central Michigan did well in our major quality rankings, too. It placed #6 on our “Best Economics Master’s Degree Schools in Michigan” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Central Michigan University are $19,359.

Read more about Economics at Central Michigan University

#5

Wayne State University

Detroit, Michigan
#7 in overall quality
$37,215 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Wayne State University. It ranked #5 on our 2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid list. Detroit, Michigan is the setting for this large institution of higher learning. The public school handed out masters’s economics degrees to 16 students in 2019-2020.

As a testament to the quality of education offered at Wayne State, the school also landed the #7 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Wayne State University are $37,215, but you may pay more or less depending on your major.

Full Wayne State Economics Report

#6

Western Michigan University

Kalamazoo, Michigan
#4 in overall quality
$31,355 Avg Grad Tuition & Fees

Western Michigan University did quite well in the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid ranking, coming in at #6. This fairly large school is located in Kalamazoo, Michigan, and it awarded 11 masters’s economics degrees in 2019-2020.

WMU did well in our major quality rankings, too. It placed #4 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at WMU are $31,355, but some majors have different tuition rates.

Read full report on Economics at WMU

#7

Eastern Michigan University

Ypsilanti, Michigan
#5 in overall quality
$26,552 Avg Grad Tuition & Fees

Eastern Michigan University landed the #7 spot on the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid ranking. Eastern Michigan University is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 9 masters’s degrees in 2019-2020.

Eastern Michigan not only placed well in this ranking. It is also #5 on our “Best Economics Master’s Degree Schools in Michigan” list. Average graduate tuition and fees at Eastern Michigan are $26,552, but some majors have different tuition rates.

Full Eastern Michigan Economics Report

#8

Andrews University

Berrien Springs, Michigan
$28,910 Avg Grad Tuition & Fees
$41,025 Average Early-Career Earnings

Andrews University did quite well in the 2022 Best Value Economics Schools for a Master’s in Michigan For Those Getting Aid ranking, coming in at #8. Andrews is a private not-for-profit institution located in Berrien Springs, Michigan. The school has a small population, and it awarded 2 masters’s degrees in 2019-2020.

As a testament to the quality of education offered at Andrews, the school also landed the #0 spot in our “Best Economics Master’s Degree Schools in Michigan” ranking. Average graduate tuition and fees at Andrews are $28,910, but some majors have different tuition rates.

Read more about Economics at Andrews University

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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