2022 Best Value Colleges for Psychology (Income $30-$48k) in Michigan
Students have lots of options to chooose from today when trying to decide which college to attend. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Psychology Schools in Michigan For Those Making $30-$48k” ranking - to help you make that decision.
With 183,889 degrees handed out in 2019-2020, psychology is the 7th most popular major in the United States. In 2017-2018, psychology graduates who were awarded their degree in 2015-2017, earned an average of $33,496 and had an average of $36,227 in loans still to pay off.
Across Michigan, there were 4,327 psychology graduates with average earnings and debt of $31,269 and $30,765 respectively.
For this year’s “Best Value Psychology Schools in Michigan For Those Making $30-$48k” ranking, we looked at 30 colleges that offer a degree in psychology. This ranking identifies schools with high-quality psychology programs that also have a lower cost than schools of similar quality.
Some of the factors we look at when determining these rankings are overall quality of the psychology program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.
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One Size Does Not Fit All
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 “Best Value Psychology Schools in Michigan For Those Making $30-$48k” 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. Go ahead and give it a try, or bookmark the link so you can check it out later.
Best Value Psychology Schools in Michigan For Those Making $30-$48k
The following schools top our list of the Best Best Value Psychology Schools in Michigan For Those Making $30-$48k.
Top 25 Best Value Colleges for Psychology (Income $30-$48k) in Michigan
Out of the 30 schools in the Best Value Psychology Schools in Michigan For Those Making $30-$48k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. Located in Ann Arbor, Michigan, this large public school awarded 803 degrees to qualified ’s psychology students in 2019-2020.
U-M not only placed well in this ranking. It is also #1 on our “Best Psychology Schools in Michigan” list. The yearly cost to attend University of Michigan - Ann Arbor is $5,887 for michigan psychology students whose families make $30-$48k.
The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. The low 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%.
Read full report on Psychology at University of Michigan - Ann Arbor
You’ll be in good company if you decide to attend Lansing Community College. It ranked #2 on our 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Located in Lansing, Michigan, this fairly large public school handed out 35 diplomas to qualified ’s psychology students in 2019-2020.
LCC did well in our major quality rankings, too. It placed #14 on our “Best Psychology Schools in Michigan” list. The yearly cost to attend Lansing Community College is $4,509 for Michigan Psychology students whose families make $30-$48k.
Out of the 30 schools in the Best Value Psychology Schools in Michigan For Those Making $30-$48k that were part of this year’s ranking, Oakland University landed the #3 spot on the list. Oakland is located in Rochester Hills, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 175 ’s psychology degrees to qualified students.
Oakland not only placed well in this ranking. It is also #15 on our “Best Psychology Schools in Michigan” list. The estimated yearly cost for Oakland University is $7,751 for Michigan Psychology students whose families make $30-$48k.
You’ll be in good company if you decide to attend Grand Valley State University. It ranked #4 on our 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k list. This large school is located in Allendale, Michigan, and it awarded 294 ’s psychology degrees in 2019-2020.
As a testament to the quality of education offered at GVSU, the school also landed the #3 spot in our “Best Psychology Schools in Michigan” ranking. The yearly cost to attend Grand Valley State University is $12,459 for Michigan Psychology students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%.
Read full report on Psychology at Grand Valley State University
Out of the 30 schools in the Best Value Psychology Schools in Michigan For Those Making $30-$48k that were part of this year’s ranking, University of Michigan - Dearborn landed the #5 spot on the list. University of Michigan - Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 157 ’s degrees in 2019-2020.
UM Dearborn not only placed well in this ranking. It is also #13 on our “Best Psychology Schools in Michigan” list. It costs about $8,057 for Michigan Psychology students whose families make $30-$48k per year to attend University of Michigan - Dearborn.
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%.
Ferris State University landed the #6 spot on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Ferris State University is a fairly large school located in Big Rapids, Michigan that handed out 44 ’s psychology degrees in 2019-2020.
Ferris also took the #17 spot in our “Best Psychology Schools in Michigan” ranking. The yearly cost to attend Ferris State University is $10,521 for michigan psychology students whose families make $30-$48k.
Wayne State University came in at #7 in this year’s edition of the Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Wayne State University is a large school located in Detroit, Michigan that handed out 431 ’s psychology degrees in 2019-2020.
Wayne State did well in our major quality rankings, too. It placed #12 on our “Best Psychology Schools in Michigan” list. The yearly cost to attend Wayne State University is $11,554 for Michigan Psychology students whose families make $30-$48k.
With a ranking of #8, Central Michigan University did quite well on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Central Michigan University is a fairly large public school situated in Mount Pleasant, Michigan. It awarded 365 ’s psychology degrees in 2019-2020.
Central Michigan not only placed well in this ranking. It is also #7 on our “Best Psychology Schools in Michigan” list. It costs about $12,127 for Michigan Psychology students whose families make $30-$48k per year to attend Central Michigan.
Michigan State University landed the #9 spot on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Michigan State University is a public institution located in East Lansing, Michigan. The school has a large population, and it awarded 457 ’s degrees in 2019-2020.
Michigan State not only placed well in this ranking. It is also #2 on our “Best Psychology Schools in Michigan” list. It costs about $15,197 for michigan psychology students whose families make $30-$48k per year to attend Michigan State University.
The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. The low student loan default rate of 3.6% 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%.
University of Detroit Mercy ranked #10 on this year’s Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Detroit, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 76 students in 2019-2020.
Detroit Mercy also made our “Best Psychology Schools in Michigan” list, coming in at #9. The estimated yearly cost for University of Detroit Mercy is $15,023 for Michigan Psychology students whose families make $30-$48k.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. 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%.
Lake Superior State University came in at #11 in this year’s edition of the Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Lake Superior State University is a small public school situated in Sault Ste Marie, Michigan. It awarded 14 ’s psychology degrees in 2019-2020.
In addition to being on our michigan psychology students whose families make $30-$48k list, Lake Superior State University has also earned the #19 rank in our “Best Psychology Schools in Michigan” ranking. The yearly cost to attend Lake Superior State University is $9,640 for Michigan Psychology students whose families make $30-$48k.
Read more about Psychology at Lake Superior State University
University of Michigan - Flint ranked #12 on this year’s Best Value Psychology Schools in Michigan For Those Making $30-$48k list. University of Michigan - Flint is located in Flint, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 93 ’s psychology degrees to qualified students.
The estimated yearly cost for UM Flint is $9,512 for michigan psychology students whose families make $30-$48k.
Albion College ranked #13 on this year’s Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Albion is a private not-for-profit institution located in Albion, Michigan. The school has a small population, and it awarded 35 ’s degrees in 2019-2020.
In addition to being on our michigan psychology students whose families make $30-$48k list, Albion has also earned the #16 rank in our “Best Psychology Schools in Michigan” ranking. The yearly cost to attend Albion is $12,541 for michigan psychology students whose families make $30-$48k.
Northern Michigan University came in at #14 in this year’s edition of the Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. This medium-sized school is located in Marquette, Michigan, and it awarded 72 ’s psychology degrees in 2019-2020.
The estimated yearly cost for Northern Michigan University is $11,723 for michigan psychology students whose families make $30-$48k.
Eastern Michigan University did quite well in the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking, coming in at #15. Eastern Michigan University is a fairly large school located in Ypsilanti, Michigan that handed out 237 ’s psychology degrees in 2019-2020.
Eastern Michigan also took the #18 spot in our “Best Psychology Schools in Michigan” ranking. It costs about $14,136 for michigan psychology students whose families make $30-$48k per year to attend Eastern Michigan.
Western Michigan University landed the #16 spot on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. WMU is a public institution located in Kalamazoo, Michigan. The school has a fairly large population, and it awarded 270 ’s degrees in 2019-2020.
WMU did well in our major quality rankings, too. It placed #11 on our “Best Psychology Schools in Michigan” list. The estimated yearly cost for WMU is $15,276 for michigan psychology students whose families make $30-$48k.
Saginaw Valley State University landed the #17 spot on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Saginaw Valley State University is a public institution located in University Center, Michigan. The school has a medium-sized population, and it awarded 58 ’s degrees in 2019-2020.
The estimated yearly cost for Saginaw Valley State University is $11,734 for michigan psychology students whose families make $30-$48k.
Read full report on Psychology at Saginaw Valley State University
With a ranking of #18, Kalamazoo College did quite well on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Kalamazoo, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 42 students in 2019-2020.
In addition to being on our michigan psychology students whose families make $30-$48k list, K College has also earned the #6 rank in our “Best Psychology Schools in Michigan” ranking. It costs about $16,574 for michigan psychology students whose families make $30-$48k per year to attend K College.
The school has an impressive student loan default rate. It’s only 1.2%, which is much lower than the national rate of 10.1%.
With a ranking of #19, Baker College did quite well on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Baker College is a private not-for-profit institution located in Owosso, Michigan. The school has a medium-sized population, and it awarded 38 ’s degrees in 2019-2020.
The estimated yearly cost for Baker College is $13,867 for michigan psychology students whose families make $30-$48k.
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.
Madonna University ranked #20 on this year’s Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Madonna University is located in Livonia, Michigan and, has a small student population. In 2019-2020, this school awarded 18 ’s psychology degrees to qualified students.
It costs about $16,625 for michigan psychology students whose families make $30-$48k per year to attend Madonna.
Hope College did quite well in the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking, coming in at #21. Hope College is a small school located in Holland, Michigan that handed out 87 ’s psychology degrees in 2019-2020.
As a testament to the quality of education offered at Hope, the school also landed the #5 spot in our “Best Psychology Schools in Michigan” ranking. The estimated yearly cost for Hope College is $17,573 for michigan psychology students whose families make $30-$48k.
The student loan default rate at the school is 2.1%, 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.
Alma College came in at #22 in this year’s edition of the Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Alma, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 23 students in 2019-2020.
Alma also took the #10 spot in our “Best Psychology Schools in Michigan” ranking. The estimated yearly cost for Alma College is $18,963 for Michigan Psychology students whose families make $30-$48k.
With a ranking of #23, Aquinas College Michigan did quite well on the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k list. Grand Rapids, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 21 students in 2019-2020.
Aquinas College Michigan also made our “Best Psychology Schools in Michigan” list, coming in at #21. The estimated yearly cost for Aquinas College Michigan is $14,125 for Michigan Psychology students whose families make $30-$48k.
Andrews University came in at #24 in this year’s edition of the Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking. Andrews is a small private not-for-profit school situated in Berrien Springs, Michigan. It awarded 44 ’s psychology degrees in 2019-2020.
Andrews also made our “Best Psychology Schools in Michigan” list, coming in at #20. The yearly cost to attend Andrews is $20,330 for Michigan Psychology students whose families make $30-$48k.
Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. The low student loan default rate of 4.8% 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 85%, which means students like the school well enough to return for a second year.
Rochester University did quite well in the 2022 Best Value Psychology Schools in Michigan For Those Making $30-$48k ranking, coming in at #25. Rochester Hills, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 21 students in 2019-2020.
In addition to being on our michigan psychology students whose families make $30-$48k list, RU has also earned the #24 rank in our “Best Psychology Schools in Michigan” ranking. It costs about $14,628 for Michigan Psychology students whose families make $30-$48k per year to attend RU.
- Best Value Colleges for Psychology (Income $30-$48k) in the Great Lakes Region
- Best Value Colleges for Psychology (Income $30-$48k)
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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 Nevit Dilmen.
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