2022 Best Value Economics Schools for a Bachelor’s in Maryland
It’s not easy to decide which college to attend when there so many options available for students. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools for a Bachelor’s in Maryland” ranking - to help you make that decision.
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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively. At the bachelor’s degree level specifically, there were 1,051 economics graduates with average earnings and debt of $40,371 and $23,982 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maryland” ranking looked at 14 colleges that offer degrees in a bachelor’s in economics. Not only do the schools that top this list have excellent economics programs, but they also 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. For more information, check out our ranking methodology.
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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 for a Bachelor’s in Maryland” ranking, along with many other major-related rankings, to help you make that decision.
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Best Value Economics Schools for a Bachelor’s in Maryland
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maryland.
Top 14 Best Value Bachelor’s Degree Colleges for Economics in Maryland
You’ll be in good company if you decide to attend University of Maryland - College Park. It ranked #1 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland list. UMCP is a large public school situated in College Park, Maryland. It awarded 465 bachelors’s economics degrees in 2019-2020.
UMCP did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend UMCP is $19,045 for maryland bachelor’s degree economics students.
With a freshman retention rate of 95%, the school does an excellent job of retaining its students. 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%.
Read more about Economics at University of Maryland - College Park
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland that were part of this year’s ranking, University of Maryland - Baltimore County landed the #2 spot on the list. UMBC is a fairly large school located in Baltimore, Maryland that handed out 129 bachelors’s economics degrees in 2019-2020.
UMBC not only placed well in this ranking. It is also #4 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $19,082 for Maryland Bachelor’s Degree Economics students per year to attend University of Maryland - Baltimore County.
The student loan default rate at the school is 4.3%, 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 87%.
Full University of Maryland - Baltimore County Economics Report
You’ll be in good company if you decide to attend Salisbury University. It ranked #3 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland list. Located in Salisbury, Maryland, this medium-sized public school handed out 22 degrees to qualified bachelors’s economics students in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students list, Salisbury has also earned the #6 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $19,617 for Maryland Bachelor’s Degree Economics students per year to attend Salisbury.
The low student loan default rate of 3.5% 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 Towson University. The school came in at #4 for the Best Value Economics Schools for a Bachelor’s in Maryland. Located in Towson, Maryland, this large public school handed out 89 degrees to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Towson, the school also landed the #5 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend Towson is $18,233 for maryland bachelor’s degree economics students.
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%. With a freshman retention rate of 85%, the school does an excellent job of retaining its students.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland that were part of this year’s ranking, St Mary’s College of Maryland landed the #5 spot on the list. St Mary’s College of Maryland is a public institution located in St. Mary’s City, Maryland. The school has a small population, and it awarded 27 bachelors’s degrees in 2019-2020.
SMCM did well in our major quality rankings, too. It placed #7 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for St Mary’s College of Maryland is $19,369 for Maryland Bachelor’s Degree Economics students.
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 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%.
Frostburg State University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland ranking, coming in at #6. Frostburg State is a public institution located in Frostburg, Maryland. The school has a small population, and it awarded 12 bachelors’s degrees in 2019-2020.
Frostburg State also took the #12 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend Frostburg State is $16,676 for maryland bachelor’s degree economics students.
Morgan State University came in at #7 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland ranking. This medium-sized school is located in Baltimore, Maryland, and it awarded 5 bachelors’s economics degrees in 2019-2020.
Morgan State also made our “Best Economics Bachelor’s Degree Schools in Maryland” list, coming in at #14. The estimated yearly cost for Morgan State University is $17,619 for maryland bachelor’s degree economics students.
Mount St Mary’s University landed the #8 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland ranking. This small school is located in Emmitsburg, Maryland, and it awarded 3 bachelors’s economics degrees in 2019-2020.
The Mount not only placed well in this ranking. It is also #10 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for Mount St Mary’s University is $27,954 for maryland bachelor’s degree economics students.
With a ranking of #9, Hood College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland list. Located in Frederick, Maryland, this small private not-for-profit school awarded 1 degrees to qualified bachelors’s economics students in 2019-2020.
Hood did well in our major quality rankings, too. It placed #13 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Hood is $23,767 for maryland bachelor’s degree economics students.
McDaniel College came in at #10 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland ranking. This small school is located in Westminster, Maryland, and it awarded 4 bachelors’s economics degrees in 2019-2020.
McDaniel did well in our major quality rankings, too. It placed #11 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend McDaniel is $18,182 for maryland bachelor’s degree economics students.
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%.
With a ranking of #11, Johns Hopkins University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland list. Located in Baltimore, Maryland, this large private not-for-profit school awarded 112 diplomas to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Johns Hopkins, the school also landed the #1 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Johns Hopkins is $29,342 for Maryland Bachelor’s Degree Economics students.
The school has an impressive student loan default rate. It’s only 1.3%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The impressive student-to-faculty ratio of 6 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Washington College came in at #12 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland ranking. Washington College is a private not-for-profit institution located in Chestertown, Maryland. The school has a small population, and it awarded 33 bachelors’s degrees in 2019-2020.
Washington College did well in our major quality rankings, too. It placed #9 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Washington College is $28,638 for maryland bachelor’s degree economics students.
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.
Goucher College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland ranking, coming in at #13. Goucher is a small private not-for-profit school situated in Baltimore, Maryland. It awarded 21 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Goucher, the school also landed the #8 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $25,716 for Maryland Bachelor’s Degree Economics students per year to attend Goucher College.
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%. 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.
With a ranking of #14, Loyola University Maryland did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland list. This medium-sized school is located in Baltimore, Maryland, and it awarded 11 bachelors’s economics degrees in 2019-2020.
Loyola Maryland also made our “Best Economics Bachelor’s Degree Schools in Maryland” list, coming in at #3. The yearly cost to attend Loyola Maryland is $36,594 for maryland bachelor’s degree economics students.
With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The low student loan default rate of 2.3% 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%.
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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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