2022 Best Value Colleges for Economics in Minnesota (With Aid)
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 in Minnesota 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 Minnesota, there were 891 economics graduates with average earnings and debt of $48,580 and $22,420 respectively.
This year’s “Best Value Economics Schools in Minnesota For Those Getting Aid” ranking analyzed 21 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.
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. 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 in Minnesota For Those Getting Aid” list, to help you choose the best school for you.
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Best Value Economics Schools in Minnesota For Those Getting Aid
The following schools top our list of the Best Best Value Economics Schools in Minnesota For Those Getting Aid.
Top 21 Best Value Colleges for Economics in Minnesota (With Aid)
You’ll be in good company if you decide to attend University of Minnesota - Morris. It ranked #1 on our 2022 Best Value Economics Schools in Minnesota For Those Getting Aid list. University of Minnesota - Morris is located in Morris, Minnesota and, has a small student population. In 2019-2020, this school awarded 15 ’s economics degrees to qualified students.
UMN Morris also made our “Best Economics Schools in Minnesota” list, coming in at #11. The estimated yearly cost for University of Minnesota - Morris is $11,412 for minnesota economics students with aid.
The student loan default rate at the school is 2.9%, which is quite low when compared to the national default rate of 10.1%.
Out of the 21 schools in the Best Value Economics Schools in Minnesota For Those Getting Aid that were part of this year’s ranking, University of Minnesota - Twin Cities landed the #2 spot on the list. Located in Minneapolis, Minnesota, this large public school handed out 413 degrees to qualified ’s economics students in 2019-2020.
UMN Twin Cities also took the #3 spot in our “Best Economics Schools in Minnesota” ranking. The yearly cost to attend University of Minnesota - Twin Cities is $17,740 for minnesota economics students with aid.
With a freshman retention rate of 93%, the school does an excellent job of retaining its students. The student loan default rate at the school is 2.2%, 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 Minnesota State University - Mankato. It ranked #3 on our 2022 Best Value Economics Schools in Minnesota For Those Getting Aid list. This fairly large school is located in Mankato, Minnesota, and it awarded 25 ’s economics degrees in 2019-2020.
Minnesota State Mankato did well in our major quality rankings, too. It placed #10 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend Minnesota State University - Mankato is $16,221 for minnesota economics students with aid.
The school has an impressive student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%.
Read more about Economics at Minnesota State University - Mankato
You’ll join some of the best and brightest minds around if you attend Bemidji State University. The school came in at #4 for the Best Value Economics Schools in Minnesota For Those Getting Aid. This small school is located in Bemidji, Minnesota, and it awarded 2 ’s economics degrees in 2019-2020.
Bemidji State University not only placed well in this ranking. It is also #14 on our “Best Economics Schools in Minnesota” list. The estimated yearly cost for Bemidji State University is $15,868 for Minnesota Economics students with aid.
You’ll join some of the best and brightest minds around if you attend Saint Cloud State University. The school came in at #5 for the Best Value Economics Schools in Minnesota For Those Getting Aid. St. Cloud State University is located in Saint Cloud, Minnesota and, has a fairly large student population. In 2019-2020, this school awarded 11 ’s economics degrees to qualified students.
St. Cloud State University not only placed well in this ranking. It is also #19 on our “Best Economics Schools in Minnesota” list. It costs about $14,267 for minnesota economics students with aid per year to attend Saint Cloud State University.
With a ranking of #6, University of Minnesota - Duluth did quite well on the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid list. University of Minnesota - Duluth is located in Duluth, Minnesota and, has a fairly large student population. In 2019-2020, this school awarded 27 ’s economics degrees to qualified students.
UMN Duluth did well in our major quality rankings, too. It placed #9 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend UMN Duluth is $17,067 for Minnesota Economics students with aid.
The student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at University of Minnesota - Duluth
Minnesota State University - Moorhead ranked #7 on this year’s Best Value Economics Schools in Minnesota For Those Getting Aid list. This medium-sized school is located in Moorhead, Minnesota, and it awarded 7 ’s economics degrees in 2019-2020.
MSU Moorhead did well in our major quality rankings, too. It placed #16 on our “Best Economics Schools in Minnesota” list. It costs about $16,893 for Minnesota Economics students with aid per year to attend Minnesota State University - Moorhead.
The student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%.
Metropolitan State University ranked #8 on this year’s Best Value Economics Schools in Minnesota For Those Getting Aid list. Metropolitan State University is a medium-sized public school situated in Saint Paul, Minnesota. It awarded 7 ’s economics degrees in 2019-2020.
Metro State also made our “Best Economics Schools in Minnesota” list, coming in at #20. The yearly cost to attend Metro State is $15,225 for minnesota economics students with aid.
Winona State University landed the #9 spot on the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid ranking. Winona State University is located in Winona, Minnesota and, has a medium-sized student population. In 2019-2020, this school awarded 5 ’s economics degrees to qualified students.
In addition to being on our minnesota economics students with aid list, Winona State has also earned the #18 rank in our “Best Economics Schools in Minnesota” ranking. It costs about $17,656 for minnesota economics students with aid per year to attend Winona State University.
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%.
St Catherine University ranked #10 on this year’s Best Value Economics Schools in Minnesota For Those Getting Aid list. Located in Saint Paul, Minnesota, this small private not-for-profit school handed out 11 diplomas to qualified ’s economics students in 2019-2020.
St. Kate’s also made our “Best Economics Schools in Minnesota” list, coming in at #13. The estimated yearly cost for St Catherine University is $19,078 for Minnesota Economics students with aid.
The school has an impressive student loan default rate. It’s only 2.7%, which is much lower than the national rate of 10.1%.
St Olaf College landed the #11 spot on the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid ranking. This small school is located in Northfield, Minnesota, and it awarded 107 ’s economics degrees in 2019-2020.
St. Olaf did well in our major quality rankings, too. It placed #2 on our “Best Economics Schools in Minnesota” list. The estimated yearly cost for St. Olaf is $23,543 for minnesota economics students with aid.
Students who start out at the school are likely to stick around. The freshman retention rate is 91%. The school has an impressive student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%.
Hamline University came in at #12 in this year’s edition of the Best Value Economics Schools in Minnesota For Those Getting Aid ranking. Located in Saint Paul, Minnesota, this small private not-for-profit school awarded 7 degrees to qualified ’s economics students in 2019-2020.
As a testament to the quality of education offered at Hamline, the school also landed the #17 spot in our “Best Economics Schools in Minnesota” ranking. It costs about $20,866 for Minnesota Economics students with aid per year to attend Hamline.
The school has an impressive student loan default rate. It’s only 3.3%, which is much lower than the national rate of 10.1%.
Gustavus Adolphus College ranked #13 on this year’s Best Value Economics Schools in Minnesota For Those Getting Aid list. Located in Saint Peter, Minnesota, this small private not-for-profit school handed out 24 diplomas to qualified ’s economics students in 2019-2020.
Gustavus Adolphus also took the #7 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Gustavus Adolphus is $19,093 for Minnesota Economics students with aid.
With a freshman retention rate of 88%, the school does an excellent job of retaining its students. The low student loan default rate of 1.5% 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%.
Carleton College landed the #14 spot on the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid ranking. Located in Northfield, Minnesota, this small private not-for-profit school handed out 45 degrees to qualified ’s economics students in 2019-2020.
Carleton did well in our major quality rankings, too. It placed #1 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend Carleton is $31,133 for Minnesota Economics students with aid.
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%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors.
With a ranking of #15, College of Saint Benedict did quite well on the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid list. This small school is located in Saint Joseph, Minnesota, and it awarded 10 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at CSB, the school also landed the #5 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for College of Saint Benedict is $25,785 for minnesota economics students with aid.
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 freshman retention rate of 89%, the school does an excellent job of retaining its students.
Saint Johns University landed the #16 spot on the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid ranking. Located in Collegeville, Minnesota, this small private not-for-profit school awarded 33 diplomas to qualified ’s economics students in 2019-2020.
SJU also made our “Best Economics Schools in Minnesota” list, coming in at #6. The yearly cost to attend SJU is $24,271 for Minnesota 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%.
Saint Mary’s University of Minnesota did quite well in the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid ranking, coming in at #17. SMU MN is a private not-for-profit institution located in Winona, Minnesota. The school has a medium-sized population, and it awarded 13 ’s degrees in 2019-2020.
SMU MN did well in our major quality rankings, too. It placed #21 on our “Best Economics Schools in Minnesota” list. The estimated yearly cost for Saint Mary’s University of Minnesota is $19,514 for minnesota economics students with aid.
The student loan default rate at the school is 3.1%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Saint Mary’s University of Minnesota
Augsburg University came in at #18 in this year’s edition of the Best Value Economics Schools in Minnesota For Those Getting Aid ranking. Augsburg is a private not-for-profit institution located in Minneapolis, Minnesota. The school has a small population, and it awarded 22 ’s degrees in 2019-2020.
Augsburg not only placed well in this ranking. It is also #12 on our “Best Economics Schools in Minnesota” list. The yearly cost to attend Augsburg University is $24,653 for minnesota economics students with aid.
University of St Thomas Minnesota ranked #19 on this year’s Best Value Economics Schools in Minnesota For Those Getting Aid list. This medium-sized school is located in Saint Paul, Minnesota, and it awarded 46 ’s economics degrees in 2019-2020.
UST MN also made our “Best Economics Schools in Minnesota” list, coming in at #8. It costs about $29,155 for minnesota economics students with aid per year to attend University of St Thomas Minnesota.
The school has an impressive student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 87%, the school does an excellent job of retaining its students.
Bethel University Minnesota ranked #20 on this year’s Best Value Economics Schools 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 ’s economics degrees to 5 students in 2019-2020.
Bethel University Minnesota also took the #15 spot in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Bethel University Minnesota is $25,191 for minnesota economics students with aid.
With a freshman retention rate of 85%, the school does an excellent job of retaining its students. 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%.
Read full report on Economics at Bethel University Minnesota
Macalester College did quite well in the 2022 Best Value Economics Schools in Minnesota For Those Getting Aid ranking, coming in at #21. Macalester is a small school located in Saint Paul, Minnesota that handed out 55 ’s economics degrees in 2019-2020.
In addition to being on our minnesota economics students with aid list, Macalester has also earned the #4 rank in our “Best Economics Schools in Minnesota” ranking. The estimated yearly cost for Macalester is $28,426 for Minnesota Economics students with aid.
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. The student loan default rate at the school is 0.9%, 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 90%.
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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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