2022 Best Value Economics Schools in Maryland For Those Getting Aid
It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value Economics Schools in Maryland For Those Getting Aid” ranking as one item you can use to help make this decision.
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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively.
This year’s “Best Value Economics Schools in Maryland For Those Getting Aid” ranking looked at 14 colleges that offer degrees in a bachelor’s in economics. This ranking identifies schools with high-quality economics programs that also have a lower cost than schools of similar quality.
To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the economics program at the school. See our ranking methodology to learn more.
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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools in Maryland For Those Getting Aid” ranking, along with many other major-related rankings, to help you make that decision.
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 by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value Economics Schools in Maryland For Those Getting Aid
The following schools top our list of the Best Best Value Economics Schools in Maryland For Those Getting Aid.
Top 14 Best Value Colleges for Economics in Maryland (With Aid)
You’ll be in good company if you decide to attend Johns Hopkins University. It ranked #1 on our 2022 Best Value Economics Schools in Maryland For Those Getting Aid list. Johns Hopkins is a private not-for-profit institution located in Baltimore, Maryland. The school has a large population, and it awarded 401 ’s degrees in 2019-2020.
Johns Hopkins also made our “Best Economics Schools in Maryland” list, coming in at #1. It costs about $29,342 for Maryland Economics students with aid per year to attend Johns Hopkins University.
With a student-to-faculty ratio of 6 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 97%.
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Getting Aid that were part of this year’s ranking, University of Maryland - College Park landed the #2 spot on the list. Located in College Park, Maryland, this large public school awarded 541 degrees to qualified ’s economics students in 2019-2020.
UMCP not only placed well in this ranking. It is also #2 on our “Best Economics Schools in Maryland” list. It costs about $19,045 for maryland economics students with aid per year to attend University of Maryland - College Park.
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 in Maryland For Those Getting Aid that were part of this year’s ranking, Towson University landed the #3 spot on the list. This large school is located in Towson, Maryland, and it awarded 89 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students with aid list, Towson has also earned the #5 rank in our “Best Economics Schools in Maryland” ranking. It costs about $18,233 for maryland economics students with aid per year to attend Towson.
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%. The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year.
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Getting Aid that were part of this year’s ranking, University of Maryland - Baltimore County landed the #4 spot on the list. UMBC is a fairly large public school situated in Baltimore, Maryland. It awarded 130 ’s economics degrees in 2019-2020.
UMBC not only placed well in this ranking. It is also #4 on our “Best Economics Schools in Maryland” list. The estimated yearly cost for University of Maryland - Baltimore County is $19,082 for maryland economics students with aid.
The low student loan default rate of 4.3% 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 87%, which means students like the school well enough to return for a second year.
You’ll join some of the best and brightest minds around if you attend Salisbury University. The school came in at #5 for the Best Value Economics Schools in Maryland For Those Getting Aid. Salisbury is a public institution located in Salisbury, Maryland. The school has a medium-sized population, and it awarded 22 ’s degrees in 2019-2020.
Salisbury not only placed well in this ranking. It is also #6 on our “Best Economics Schools in Maryland” list. The yearly cost to attend Salisbury is $19,617 for maryland economics students with aid.
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 in Maryland For Those Getting Aid ranking. SMCM is located in St. Mary’s City, Maryland and, has a small student population. In 2019-2020, this school awarded 27 ’s economics degrees to qualified students.
In addition to being on our maryland economics students with aid list, SMCM has also earned the #7 rank in our “Best Economics Schools in Maryland” ranking. It costs about $19,369 for Maryland Economics students with aid per year to attend St Mary’s College of Maryland.
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%. The impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Frostburg State University landed the #7 spot on the 2022 Best Value Economics Schools in Maryland For Those Getting Aid ranking. Frostburg State University is a small school located in Frostburg, Maryland that handed out 12 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students with aid list, Frostburg State has also earned the #12 rank in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Frostburg State is $16,676 for maryland economics students with aid.
With a ranking of #8, Morgan State University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Getting Aid list. Morgan State is a medium-sized public school situated in Baltimore, Maryland. It awarded 5 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students with aid list, Morgan State has also earned the #14 rank in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Morgan State is $17,619 for Maryland Economics students with aid.
McDaniel College did quite well in the 2022 Best Value Economics Schools in Maryland For Those Getting Aid ranking, coming in at #9. McDaniel College is a small private not-for-profit school situated in Westminster, Maryland. It awarded 4 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students with aid list, McDaniel has also earned the #11 rank in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend McDaniel College is $18,182 for maryland 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%.
Hood College ranked #10 on this year’s Best Value Economics Schools in Maryland For Those Getting Aid list. Frederick, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 1 students in 2019-2020.
Hood also made our “Best Economics Schools in Maryland” list, coming in at #13. It costs about $23,767 for Maryland Economics students with aid per year to attend Hood College.
With a ranking of #11, Mount St Mary’s University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Getting Aid list. Located in Emmitsburg, Maryland, this small private not-for-profit school handed out 3 diplomas to qualified ’s economics students in 2019-2020.
As a testament to the quality of education offered at The Mount, the school also landed the #10 spot in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Mount St Mary’s University is $27,954 for Maryland Economics students with aid.
Goucher College came in at #12 in this year’s edition of the Best Value Economics Schools in Maryland For Those Getting Aid ranking. Located in Baltimore, Maryland, this small private not-for-profit school handed out 21 degrees to qualified ’s economics students in 2019-2020.
Goucher also made our “Best Economics Schools in Maryland” list, coming in at #8. It costs about $25,716 for maryland economics students with aid per year to attend Goucher College.
The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. 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%.
Washington College landed the #13 spot on the 2022 Best Value Economics Schools in Maryland For Those Getting Aid ranking. This small school is located in Chestertown, Maryland, and it awarded 33 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Washington College, the school also landed the #9 spot in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Washington College is $28,638 for maryland 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 impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Loyola University Maryland landed the #14 spot on the 2022 Best Value Economics Schools in Maryland For Those Getting Aid ranking. Loyola Maryland is a medium-sized school located in Baltimore, Maryland that handed out 11 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students with aid list, Loyola Maryland has also earned the #3 rank in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Loyola University Maryland is $36,594 for maryland 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 2.3%, which is much lower than the national rate of 10.1%.
- Best Value Colleges for Economics in the Middle Atlantic Region (With Aid)
- Best Value 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.
Credits
- Credit for the banner image above goes to pixabay.
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