2022 Best Value Colleges for Psychology (Income $48-$75k) in Minnesota
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 Psychology Schools in Minnesota For Those Making $48-$75k” ranking is one tool we have developed to help in this regard.
Psychology is one of the most popular majors in the nation, ranking 7th of all the majors we analyze. In 2019-2020, 183,889 degrees were awarded to students with this major. 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 Minnesota, there were 6,021 psychology graduates with average earnings and debt of $35,628 and $35,787 respectively.
For this year’s “Best Value Psychology Schools in Minnesota For Those Making $48-$75k” ranking, we looked at 27 colleges that offer a degree in psychology. The schools that top this list are recognized because they have great psychology programs and cost less that 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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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Psychology Schools in Minnesota For Those Making $48-$75k” ranking, along with many other major-related rankings, to help you make that decision.
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Best Value Psychology Schools in Minnesota For Those Making $48-$75k
The colleges and universities below are the best for minnesota psychology students whose families make $48-$75k.
Top 25 Best Value Colleges for Psychology (Income $48-$75k) in Minnesota
Out of the 27 schools in the Best Value Psychology Schools in Minnesota For Those Making $48-$75k that were part of this year’s ranking, University of Minnesota - Morris landed the #1 spot on the list. UMN Morris is located in Morris, Minnesota and, has a small student population. In 2019-2020, this school awarded 27 ’s psychology degrees to qualified students.
In addition to being on our minnesota psychology students whose families make $48-$75k list, UMN Morris has also earned the #12 rank in our “Best Psychology Schools in Minnesota” ranking. It costs about $7,558 for Minnesota Psychology students whose families make $48-$75k per year to attend UMN Morris.
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%.
You’ll be in good company if you decide to attend University of Minnesota - Twin Cities. It ranked #2 on our 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. University of Minnesota - Twin Cities is a large public school situated in Minneapolis, Minnesota. It awarded 746 ’s psychology degrees in 2019-2020.
UMN Twin Cities not only placed well in this ranking. It is also #4 on our “Best Psychology Schools in Minnesota” list. The estimated yearly cost for UMN Twin Cities is $12,556 for minnesota psychology students whose families make $48-$75k.
With a freshman retention rate of 93%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 2.2%, which is much lower than the national rate of 10.1%.
Full University of Minnesota - Twin Cities Psychology Report
You’ll be in good company if you decide to attend University of Minnesota - Duluth. It ranked #3 on our 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. University of Minnesota - Duluth is located in Duluth, Minnesota and, has a fairly large student population. In 2019-2020, this school awarded 140 ’s psychology degrees to qualified students.
UMN Duluth also made our “Best Psychology Schools in Minnesota” list, coming in at #8. It costs about $12,438 for Minnesota Psychology students whose families make $48-$75k per year to attend UMN Duluth.
The school has an impressive student loan default rate. It’s only 3.1%, which is much lower than the national rate of 10.1%.
Read full report on Psychology at University of Minnesota - Duluth
You’ll be in good company if you decide to attend Carleton College. It ranked #4 on our 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. This small school is located in Northfield, Minnesota, and it awarded 41 ’s psychology degrees in 2019-2020.
Carleton did well in our major quality rankings, too. It placed #2 on our “Best Psychology Schools in Minnesota” list. The yearly cost to attend Carleton is $16,716 for minnesota psychology students whose families make $48-$75k.
The low student loan default rate of 1.3% 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%. The impressive 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 students.
Out of the 27 schools in the Best Value Psychology Schools in Minnesota For Those Making $48-$75k that were part of this year’s ranking, Southwest Minnesota State University landed the #5 spot on the list. This medium-sized school is located in Marshall, Minnesota, and it awarded 24 ’s psychology degrees in 2019-2020.
As a testament to the quality of education offered at Southwest Minnesota State University, the school also landed the #19 spot in our “Best Psychology Schools in Minnesota” ranking. The estimated yearly cost for Southwest Minnesota State University is $13,988 for Minnesota Psychology students whose families make $48-$75k.
St Olaf College did quite well in the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking, coming in at #6. This small school is located in Northfield, Minnesota, and it awarded 65 ’s psychology degrees in 2019-2020.
St. Olaf also made our “Best Psychology Schools in Minnesota” list, coming in at #7. The estimated yearly cost for St Olaf College is $17,577 for Minnesota Psychology students whose families make $48-$75k.
The student loan default rate at the school is 1.0%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
Winona State University did quite well in the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking, coming in at #7. Winona State is a medium-sized public school situated in Winona, Minnesota. It awarded 75 ’s psychology degrees in 2019-2020.
Winona State did well in our major quality rankings, too. It placed #10 on our “Best Psychology Schools in Minnesota” list. It costs about $15,140 for Minnesota Psychology students whose families make $48-$75k 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%.
Minnesota State University - Mankato ranked #8 on this year’s Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Minnesota State Mankato is a fairly large public school situated in Mankato, Minnesota. It awarded 174 ’s psychology degrees in 2019-2020.
Minnesota State Mankato not only placed well in this ranking. It is also #14 on our “Best Psychology Schools in Minnesota” list. The estimated yearly cost for Minnesota State University - Mankato is $14,451 for minnesota psychology students whose families make $48-$75k.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
Saint Cloud State University ranked #9 on this year’s Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Located in Saint Cloud, Minnesota, this fairly large public school awarded 170 diplomas to qualified ’s psychology students in 2019-2020.
St. Cloud State University also took the #23 spot in our “Best Psychology Schools in Minnesota” ranking. The yearly cost to attend Saint Cloud State University is $13,373 for Minnesota Psychology students whose families make $48-$75k.
College of Saint Benedict ranked #10 on this year’s Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. This small school is located in Saint Joseph, Minnesota, and it awarded 44 ’s psychology degrees in 2019-2020.
CSB also took the #1 spot in our “Best Psychology Schools in Minnesota” ranking. It costs about $20,978 for Minnesota Psychology students whose families make $48-$75k per year to attend College of Saint Benedict.
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%. With a freshman retention rate of 89%, the school does an excellent job of retaining its students.
Capella University ranked #11 on this year’s Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Capella University is located in Minneapolis, Minnesota and, has a large student population. In 2019-2020, this school awarded 2,219 ’s psychology degrees to qualified students.
Capella University did well in our major quality rankings, too. It placed #22 on our “Best Psychology Schools in Minnesota” list.
Bemidji State University did quite well in the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking, coming in at #12. Bemidji, Minnesota is the setting for this small institution of higher learning. The public school handed out ’s psychology degrees to 71 students in 2019-2020.
Bemidji State University not only placed well in this ranking. It is also #21 on our “Best Psychology Schools in Minnesota” list. The yearly cost to attend Bemidji State University is $14,001 for minnesota psychology students whose families make $48-$75k.
Macalester College landed the #13 spot on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking. Macalester is a small school located in Saint Paul, Minnesota that handed out 30 ’s psychology degrees in 2019-2020.
Macalester also took the #15 spot in our “Best Psychology Schools in Minnesota” ranking. The estimated yearly cost for Macalester College is $20,102 for minnesota psychology students whose families make $48-$75k.
The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year. 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%. 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.
With a ranking of #14, St Catherine University did quite well on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Located in Saint Paul, Minnesota, this small private not-for-profit school handed out 47 diplomas to qualified ’s psychology students in 2019-2020.
In addition to being on our minnesota psychology students whose families make $48-$75k list, St. Kate’s has also earned the #16 rank in our “Best Psychology Schools in Minnesota” ranking. The estimated yearly cost for St Catherine University is $17,062 for Minnesota Psychology students whose families make $48-$75k.
The student loan default rate at the school is 2.7%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #15, Gustavus Adolphus College did quite well on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Saint Peter, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 47 students in 2019-2020.
Gustavus Adolphus also took the #3 spot in our “Best Psychology Schools in Minnesota” ranking. The yearly cost to attend Gustavus Adolphus College is $14,548 for minnesota psychology students whose families make $48-$75k.
The 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 freshman retention rate of 88%, the school does an excellent job of retaining its students.
Saint Johns University landed the #16 spot on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking. SJU is located in Collegeville, Minnesota and, has a small student population. In 2019-2020, this school awarded 16 ’s psychology degrees to qualified students.
In addition to being on our minnesota psychology students whose families make $48-$75k list, SJU has also earned the #5 rank in our “Best Psychology Schools in Minnesota” ranking. It costs about $19,017 for Minnesota Psychology students whose families make $48-$75k per year to attend SJU.
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%.
Concordia University, Saint Paul landed the #17 spot on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking. Located in Saint Paul, Minnesota, this medium-sized private not-for-profit school awarded 59 degrees to qualified ’s psychology students in 2019-2020.
The yearly cost to attend Concordia University, Saint Paul is $14,023 for minnesota psychology students whose families make $48-$75k.
Read full report on Psychology at Concordia University, Saint Paul
Minnesota State University - Moorhead ranked #18 on this year’s Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Moorhead, Minnesota is the setting for this medium-sized institution of higher learning. The public school handed out ’s psychology degrees to 77 students in 2019-2020.
As a testament to the quality of education offered at MSU Moorhead, the school also landed the #25 spot in our “Best Psychology Schools in Minnesota” ranking. It costs about $15,002 for Minnesota Psychology students whose families make $48-$75k per year to attend MSU Moorhead.
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 College of Saint Scholastica did quite well in the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking, coming in at #19. Duluth, Minnesota is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 59 students in 2019-2020.
As a testament to the quality of education offered at St. Scholastica, the school also landed the #9 spot in our “Best Psychology Schools in Minnesota” ranking. It costs about $22,813 for Minnesota Psychology students whose families make $48-$75k per year to attend St. Scholastica.
The low student loan default rate of 3.1% 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%.
Metropolitan State University came in at #20 in this year’s edition of the Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking. Metropolitan State University is a medium-sized school located in Saint Paul, Minnesota that handed out 133 ’s psychology degrees in 2019-2020.
Metro State also made our “Best Psychology Schools in Minnesota” list, coming in at #24. The estimated yearly cost for Metro State is $15,869 for Minnesota Psychology students whose families make $48-$75k.
Hamline University came in at #21 in this year’s edition of the Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking. Hamline University is a private not-for-profit institution located in Saint Paul, Minnesota. The school has a small population, and it awarded 60 ’s degrees in 2019-2020.
Hamline also made our “Best Psychology Schools in Minnesota” list, coming in at #11. It costs about $18,963 for Minnesota Psychology students whose families make $48-$75k per year to attend Hamline University.
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%.
Concordia College at Moorhead ranked #22 on this year’s Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Concordia College Moorhead is a small school located in Moorhead, Minnesota that handed out 23 ’s psychology degrees in 2019-2020.
Concordia College Moorhead not only placed well in this ranking. It is also #13 on our “Best Psychology Schools in Minnesota” list. The estimated yearly cost for Concordia College Moorhead is $20,924 for minnesota psychology students whose families make $48-$75k.
The low student loan default rate of 2.5% 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%.
Saint Mary’s University of Minnesota did quite well in the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k ranking, coming in at #23. Winona, Minnesota is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out ’s psychology degrees to 135 students in 2019-2020.
SMU MN also made our “Best Psychology Schools in Minnesota” list, coming in at #17. The yearly cost to attend SMU MN is $16,050 for Minnesota Psychology students whose families make $48-$75k.
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%.
With a ranking of #24, University of Northwestern - St Paul did quite well on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. This small school is located in Saint Paul, Minnesota, and it awarded 43 ’s psychology degrees in 2019-2020.
The yearly cost to attend Northwestern is $16,780 for minnesota psychology students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 3.6%, which is much lower than the national rate of 10.1%.
With a ranking of #25, Augsburg University did quite well on the 2022 Best Value Psychology Schools in Minnesota For Those Making $48-$75k list. Augsburg is located in Minneapolis, Minnesota and, has a small student population. In 2019-2020, this school awarded 58 ’s psychology degrees to qualified students.
Augsburg not only placed well in this ranking. It is also #18 on our “Best Psychology Schools in Minnesota” list. The yearly cost to attend Augsburg University is $23,301 for Minnesota Psychology students whose families make $48-$75k.
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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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