2023 Best Value Colleges for Applied Economics (Income $0-$30k) in the Great Lakes Region
4
Ranked Colleges
94
Degrees Awarded
$12,000
Avg Net Price*
With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual has developed its “Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k” ranking as one item you can use to help make this decision.
In 2020-2021, 618 people earned their degree in applied economics, making the major the 534th most popular in the United States.
Across the Great Lakes region, there were 94 applied economics graduates with average earnings and debt of $0 and $0 respectively.
This year’s “Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k” ranking looked at 4 colleges that offer degrees in a bachelor’s in applied economics. Not only do the schools that top this list have excellent applied 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 applied economics program at the school. Check out our ranking methodology for more information.
More Ways to Rank Applied Economics Schools
Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k” 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. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k
The colleges and universities below are the best for great lakes region applied economics students whose families make $0-$30k.
Top 4 Best Value Colleges for Applied Economics (Income $0-$30k) in the Great Lakes Region
You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2023 Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k list. U-M is a large school located in Ann Arbor, Michigan that handed out 65 ’s applied economics degrees in 2020-2021.
U-M also made our “Best Applied Economics Schools in the Great Lakes Region” list, coming in at #1. The yearly cost to attend U-M is $2,670 for Great Lakes Region Applied Economics students whose families make $0-$30k.
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 undergrad 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%.
Full University of Michigan - Ann Arbor Applied Economics Report
Out of the 4 schools in the Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, Eastern Michigan University landed the #2 spot on the list. Eastern Michigan is a fairly large public school situated in Ypsilanti, Michigan. It awarded 4 ’s applied economics degrees in 2020-2021.
Eastern Michigan also made our “Best Applied Economics Schools in the Great Lakes Region” list, coming in at #3. The estimated yearly cost for Eastern Michigan is $12,465 for great lakes region applied economics students whose families make $0-$30k.
Read more about Applied Economics at Eastern Michigan
Out of the 4 schools in the Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, Marquette University landed the #3 spot on the list. Marquette is a private not-for-profit institution located in Milwaukee, Wisconsin. The school has a fairly large population, and it awarded 13 ’s degrees in 2020-2021.
Marquette did well in our major quality rankings, too. It placed #2 on our “Best Applied Economics Schools in the Great Lakes Region” list. The estimated yearly cost for Marquette is $18,589 for great lakes region applied economics students whose families make $0-$30k.
The low undergrad student loan default rate of 1.5% 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 school has an excellent freshman retention rate of 88%, which means students like the school well enough to return for a second year.
Read more about Applied Economics at Marquette
You’ll join some of the best and brightest minds around if you attend Bowling Green State University - Main Campus. The school came in at #4 for the Best Value Applied Economics Schools in the Great Lakes Region For Those Making $0-$30k. BGSU is a fairly large public school situated in Bowling Green, Ohio. It awarded 6 ’s applied economics degrees in 2020-2021.
As a testament to the quality of education offered at BGSU, the school also landed the #4 spot in our “Best Applied Economics Schools in the Great Lakes Region” ranking. The yearly cost to attend BGSU is $14,079 for great lakes region applied economics students whose families make $0-$30k.
Full BGSU Applied Economics Report
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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
- *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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