by our College Data Analytics Team
Students have lots of options to chooose from today when trying to decide which college to attend. College Factual has developed its “Schools Highly Focused on Economics Major in Michigan” ranking as one item you can use to help make this decision.
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.
This year’s “Schools Highly Focused on Economics Major in Michigan” ranking analyzed 25 colleges that offered a degree 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.
Check out our ranking methodology for more information.
Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Schools Highly Focused on Economics Major in Michigan” ranking, along with many other major-related rankings, to help you make that decision.
In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. Go ahead and give it a try, or bookmark the link so you can check it out later.
The following schools top our list of the Best “Schools Highly Focused on Economics Major in Michigan”.
Out of the 25 schools in the Schools Highly Focused on Economics Major in Michigan that were part of this year’s ranking, Albion College landed the #1 spot on the list. Albion is a private not-for-profit institution located in Albion, Michigan. The school has a small population, and it awarded 13 ’s 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 Highly Focused on Economics Major in Michigan list. This small school is located in Hillsdale, Michigan, and it awarded 45 ’s economics degrees in 2021-2022.
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. With a freshman retention rate of 94%, the school does an excellent job of retaining its undergraduate students.
Out of the 25 schools in the Schools Highly Focused on Economics Major in Michigan that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #3 spot on the list. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 690 ’s economics degrees in 2021-2022.
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 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%.
Read full report on Economics at University of Michigan - Ann Arbor
Out of the 25 schools in the Schools Highly Focused on Economics Major in Michigan that were part of this year’s ranking, Kalamazoo College landed the #4 spot on the list. Kalamazoo College is a private not-for-profit institution located in Kalamazoo, Michigan. The school has a small population, and it awarded 20 ’s 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 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.
You’ll be in good company if you decide to attend Michigan State University. It ranked #5 on our 2023 Schools Highly Focused on Economics Major in Michigan list. Located in East Lansing, Michigan, this large public school handed out 312 degrees to qualified ’s economics students 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%. The school has an excellent freshman retention rate of 92%, which means students like the school well enough to return for a second year.
Calvin University did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #6. Calvin University is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 14 ’s degrees in 2021-2022.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 86%.
Andrews University came in at #7 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. Located in Berrien Springs, Michigan, this small private not-for-profit school awarded 1 diplomas to qualified ’s economics students in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. Since the school has a undergrad student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. The school has an impressive undergrad student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%.
University of Detroit Mercy did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #8. Located in Detroit, Michigan, this medium-sized private not-for-profit school awarded 29 diplomas to qualified ’s economics students in 2021-2022.
The undergrad student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%.
University of Michigan - Dearborn landed the #9 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. Located in Dearborn, Michigan, this medium-sized public school handed out 17 degrees to qualified ’s economics 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%.
Read more about Economics at University of Michigan - Dearborn
Northern Michigan University did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #10. Located in Marquette, Michigan, this medium-sized public school awarded 12 diplomas to qualified ’s economics students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 1.8%, which is much lower than the national rate of 10.1%.
Eastern Michigan University did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #11. Eastern Michigan is a fairly large public school situated in Ypsilanti, Michigan. It awarded 15 ’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%.
Hope College came in at #12 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. Hope College is a private not-for-profit institution located in Holland, Michigan. The school has a small population, and it awarded 7 ’s degrees in 2021-2022.
The undergrad student loan default rate at the school is 1.1%, which is quite low when compared to the national default rate of 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.
Wayne State University ranked #13 on this year’s Schools Highly Focused on Economics Major in Michigan list. Wayne State is a large public school situated in Detroit, Michigan. It awarded 48 ’s economics degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 1.5%, which is much lower than the national rate of 10.1%.
Western Michigan University ranked #14 on this year’s Schools Highly Focused on Economics Major in Michigan list. Western Michigan University is a fairly large school located in Kalamazoo, Michigan that handed out 27 ’s economics degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 2.0%, which is much lower than the national rate of 10.1%.
Alma College ranked #15 on this year’s Schools Highly Focused on Economics Major in Michigan list. Alma is a private not-for-profit institution located in Alma, Michigan. The school has a small population, and it awarded 5 ’s degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%.
University of Michigan - Flint landed the #16 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. UM Flint is a medium-sized public school situated in Flint, Michigan. It awarded 14 ’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%.
Michigan Technological University came in at #17 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. This medium-sized school is located in Houghton, Michigan, and it awarded 3 ’s economics degrees in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 85%. 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%.
Read more about Economics at Michigan Technological University
Central Michigan University came in at #18 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. Mount Pleasant, Michigan is the setting for this fairly large institution of higher learning. The public school handed out ’s economics degrees to 23 students in 2021-2022.
The low undergrad student loan default rate of 1.2% 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%.
Grand Valley State University ranked #19 on this year’s Schools Highly Focused on Economics Major in Michigan list. Grand Valley State University is a large school located in Allendale, Michigan that handed out 17 ’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%.
Oakland University ranked #20 on this year’s Schools Highly Focused on Economics Major in Michigan list. Located in Rochester Hills, Michigan, this fairly large public school handed out 6 degrees to qualified ’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%.
Cornerstone University did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #21. Cornerstone University is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 0 ’s 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%. With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students.
Lansing Community College did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #22. Lansing Community College is located in Lansing, Michigan and, has a medium-sized student population. In 2021-2022, this school awarded 3 ’s economics degrees to qualified students.
The school has an impressive undergrad student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%.
Northwestern Michigan College came in at #23 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. Located in Traverse City, Michigan, this small public school awarded 0 diplomas to qualified ’s economics students in 2021-2022.
The low undergrad student loan default rate of 2.8% 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%.
Read full report on Economics at Northwestern Michigan College
With a ranking of #23, Alpena Community College did quite well on the 2023 Schools Highly Focused on Economics Major in Michigan list. Alpena Community College is a small public school situated in Alpena, Michigan. It awarded 0 ’s economics degrees in 2021-2022.
Aquinas College Michigan did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #23. Aquinas College Michigan is a small private not-for-profit school situated in Grand Rapids, Michigan. It awarded 0 ’s economics degrees in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 85%. Since the school has a undergrad student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. 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%.
Read more about our data sources and methodologies