by our College Data Analytics Team
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 “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan” ranking.
Economics is the 19th most popular major in the country with 47,809 degrees awarded in 2021-2022. In , economics graduates who were awarded their degree in , earned an average of $48,722 and had an average of $21,489 in loans still to pay off.
Across Michigan, there were 1,322 economics graduates with average earnings and debt of $41,966 and $23,260 respectively. At the bachelor’s degree level specifically, there were 1,132 economics graduates with average earnings and debt of $41,104 and $24,884 respectively.
This year’s “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan” ranking looked at 21 colleges that offer degrees in a bachelor’s in economics. The colleges and universities that top this list are recognized because their economics program is one of the largest majors offered at the school.
See our ranking methodology to learn more.
When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan” list to help you make the college decision.
In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.
The following schools top our list of the Best “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan”.
You’ll join some of the best and brightest minds around if you attend Albion College. The school came in at #1 for the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan. This small school is located in Albion, Michigan, and it awarded 13 bachelors’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.9%, 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 Hillsdale College. It ranked #2 on our 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This small school is located in Hillsdale, Michigan, and it awarded 45 bachelors’s economics degrees in 2021-2022.
The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. The impressive undergraduate student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
You’ll be in good company if you decide to attend Kalamazoo College. It ranked #3 on our 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This small school is located in Kalamazoo, Michigan, and it awarded 20 bachelors’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 0.3%, which is quite low when compared to the national default rate of 10.1%. The undergraduate 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%.
You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #4 on our 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 618 bachelors’s economics degrees in 2021-2022.
With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.2% 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%.
You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #5 for the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan. Michigan State University is a public institution located in East Lansing, Michigan. The school has a large population, and it awarded 275 bachelors’s degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 0.8%, 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 92%.
Calvin University did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #6. This small school is located in Grand Rapids, Michigan, and it awarded 14 bachelors’s economics degrees in 2021-2022.
With a freshman retention rate of 86%, the school does an excellent job of retaining its undergraduate students. The undergrad student loan default rate at the school is 0.4%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #7, University of Michigan - Dearborn did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. University of Michigan - Dearborn is a medium-sized public school situated in Dearborn, Michigan. It awarded 17 bachelors’s economics degrees in 2021-2022.
The low undergrad 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 ranking of #8, Northern Michigan University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This medium-sized school is located in Marquette, Michigan, and it awarded 12 bachelors’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.8%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Northern Michigan University
Hope College came in at #9 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Located in Holland, Michigan, this small private not-for-profit school handed out 7 diplomas to qualified bachelors’s economics students in 2021-2022.
With a freshman retention rate of 87%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 1.1%, which is much lower than the national rate of 10.1%.
With a ranking of #10, University of Detroit Mercy did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This medium-sized school is located in Detroit, Michigan, and it awarded 7 bachelors’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 0.8% 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%.
Wayne State University landed the #11 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Wayne State University is located in Detroit, Michigan and, has a large student population. In 2021-2022, this school awarded 26 bachelors’s economics degrees to qualified students.
The undergrad student loan default rate at the school is 1.5%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #12, Alma College did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This small school is located in Alma, Michigan, and it awarded 5 bachelors’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 2.1% 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%.
Eastern Michigan University landed the #13 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Eastern Michigan is a fairly large public school situated in Ypsilanti, Michigan. It awarded 9 bachelors’s economics degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 2.3%, which is much lower than the national rate of 10.1%.
University of Michigan - Flint ranked #14 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This medium-sized school is located in Flint, Michigan, and it awarded 14 bachelors’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 1.7% 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%.
Western Michigan University did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #15. WMU is a public institution located in Kalamazoo, Michigan. The school has a fairly large population, and it awarded 12 bachelors’s degrees in 2021-2022.
The undergrad student loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Western Michigan University
With a ranking of #16, Grand Valley State University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Allendale, Michigan is the setting for this large institution of higher learning. The public school handed out bachelors’s economics degrees to 17 students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 0.9%, which is much lower than the national rate of 10.1%.
Michigan Technological University landed the #17 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Michigan Tech is located in Houghton, Michigan and, has a medium-sized student population. In 2021-2022, this school awarded 2 bachelors’s economics degrees to qualified students.
The low undergrad 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 85%, the school does an excellent job of retaining its undergraduate students.
Read full report on Economics at Michigan Technological University
With a ranking of #18, Oakland University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This fairly large school is located in Rochester Hills, Michigan, and it awarded 6 bachelors’s economics degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%.
Cornerstone University did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #19. Cornerstone is a small private not-for-profit school situated in Grand Rapids, Michigan. It awarded 0 bachelors’s economics degrees in 2021-2022.
With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
Central Michigan University ranked #20 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Located in Mount Pleasant, Michigan, this fairly large public school handed out 12 diplomas to qualified bachelors’s economics students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
Aquinas College Michigan came in at #21 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Aquinas College Michigan is a small school located in Grand Rapids, Michigan that handed out 0 bachelors’s economics degrees in 2021-2022.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The undergraduate 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 undergrad student loan default rate at the school is 0.9%, which is quite low when compared to the national default rate of 10.1%.
Read more about our data sources and methodologies