2022 Best Value Bachelor’s Degree Colleges for General Economics (Income $0-$30k) in Michigan
It’s not easy to decide which college to attend when there so many options available for students. College Factual has developed its “Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k” ranking as one item you can use to help make this decision.
In 2019-2020, 31,150 people earned their degree in general economics, making the major the 22nd most popular in the United States.
Across Michigan, there were 1,223 general economics graduates with average earnings and debt of $0 and $0 respectively. At the bachelor’s degree level specifically, there were 1,141 general economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k” ranking looked at 17 colleges that offer degrees in a bachelor’s in general economics. The schools that top this list are recognized because they have great general economics programs and cost less that schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the general economics program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.
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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 General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k” list to help you make the college decision.
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Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k
The following schools top our list of the Best Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k.
Top 17 Best Value Bachelor’s Degree Colleges for General Economics (Income $0-$30k) in Michigan
You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #1 on our 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Ann Arbor, Michigan, this large public school handed out 586 degrees to qualified bachelors’s general economics students in 2019-2020.
U-M did well in our major quality rankings, too. It placed #1 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for University of Michigan - Ann Arbor is $3,166 for Michigan Bachelor’s Degree General Economics students whose families make $0-$30k.
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%. The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year.
Full University of Michigan - Ann Arbor General Economics Report
Out of the 17 schools in the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k that were part of this year’s ranking, Michigan State University landed the #2 spot on the list. East Lansing, Michigan is the setting for this large institution of higher learning. The public school handed out bachelors’s general economics degrees to 271 students in 2019-2020.
In addition to being on our michigan bachelor’s degree general economics students whose families make $0-$30k list, Michigan State has also earned the #2 rank in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Michigan State University is $6,686 for michigan bachelor’s degree general economics students whose families make $0-$30k.
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 school has an impressive student loan default rate. It’s only 3.6%, which is much lower than the national rate of 10.1%.
Out of the 17 schools in the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k that were part of this year’s ranking, University of Michigan - Dearborn landed the #3 spot on the list. University of Michigan - Dearborn is a medium-sized school located in Dearborn, Michigan that handed out 27 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education offered at UM Dearborn, the school also landed the #10 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $6,751 for michigan bachelor’s degree general economics students whose families make $0-$30k per year to attend UM Dearborn.
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%.
Full University of Michigan - Dearborn General Economics Report
You’ll be in good company if you decide to attend Grand Valley State University. It ranked #4 on our 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. GVSU is a public institution located in Allendale, Michigan. The school has a large population, and it awarded 20 bachelors’s degrees in 2019-2020.
GVSU also took the #8 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for GVSU is $11,578 for michigan bachelor’s degree general economics students whose families make $0-$30k.
The low student loan default rate of 3.7% 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%.
You’ll be in good company if you decide to attend Albion College. It ranked #5 on our 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Albion, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s general economics degrees to 26 students in 2019-2020.
As a testament to the quality of education offered at Albion, the school also landed the #7 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Albion College is $12,032 for Michigan Bachelor’s Degree General Economics students whose families make $0-$30k.
Oakland University came in at #6 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. Located in Rochester Hills, Michigan, this fairly large public school handed out 10 diplomas to qualified bachelors’s general economics students in 2019-2020.
Oakland not only placed well in this ranking. It is also #13 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. It costs about $7,490 for Michigan Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend Oakland University.
University of Michigan - Flint came in at #7 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. University of Michigan - Flint is a public institution located in Flint, Michigan. The school has a medium-sized population, and it awarded 9 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at UM Flint, the school also landed the #15 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $7,955 for Michigan Bachelor’s Degree General Economics students whose families make $0-$30k per year to attend UM Flint.
Read full report on General Economics at University of Michigan - Flint
University of Detroit Mercy ranked #8 on this year’s Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Detroit, Michigan, this small private not-for-profit school awarded 2 degrees to qualified bachelors’s general economics students in 2019-2020.
Detroit Mercy also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #5. The yearly cost to attend Detroit Mercy is $13,879 for michigan bachelor’s degree general economics students whose families make $0-$30k.
The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%.
Read full report on General Economics at University of Detroit Mercy
Northern Michigan University did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #9. Located in Marquette, Michigan, this medium-sized public school handed out 14 diplomas to qualified bachelors’s general economics students in 2019-2020.
As a testament to the quality of education offered at Northern Michigan University, the school also landed the #16 spot in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Northern Michigan University is $9,137 for Michigan Bachelor’s Degree General Economics students whose families make $0-$30k.
With a ranking of #10, Central Michigan University did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Mount Pleasant, Michigan, this fairly large public school handed out 17 diplomas to qualified bachelors’s general economics students in 2019-2020.
Central Michigan did well in our major quality rankings, too. It placed #12 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. It costs about $11,598 for michigan bachelor’s degree general economics students whose families make $0-$30k per year to attend Central Michigan University.
Wayne State University did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #11. This large school is located in Detroit, Michigan, and it awarded 30 bachelors’s general economics degrees in 2019-2020.
Wayne State did well in our major quality rankings, too. It placed #14 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Wayne State University is $11,413 for michigan bachelor’s degree general economics students whose families make $0-$30k.
With a ranking of #12, Aquinas College Michigan did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Grand Rapids, Michigan, this small private not-for-profit school awarded 4 diplomas to qualified bachelors’s general economics students in 2019-2020.
Aquinas College Michigan also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #9. The yearly cost to attend Aquinas College Michigan is $13,510 for michigan bachelor’s degree general economics students whose families make $0-$30k.
Read more about General Economics at Aquinas College Michigan
Western Michigan University ranked #13 on this year’s Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Kalamazoo, Michigan, this fairly large public school handed out 6 degrees to qualified bachelors’s general economics students in 2019-2020.
WMU also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #11. It costs about $13,021 for michigan bachelor’s degree general economics students whose families make $0-$30k per year to attend Western Michigan University.
Read full report on General Economics at Western Michigan University
Hope College did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #14. This small school is located in Holland, Michigan, and it awarded 15 bachelors’s general economics degrees in 2019-2020.
In addition to being on our michigan bachelor’s degree general economics students whose families make $0-$30k list, Hope has also earned the #3 rank in our “Best General Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $16,113 for michigan bachelor’s degree general economics students whose families make $0-$30k per year to attend Hope.
The school has an impressive student loan default rate. It’s only 2.1%, 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 87%.
With a ranking of #15, Eastern Michigan University did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Ypsilanti, Michigan, this fairly large public school awarded 19 diplomas to qualified bachelors’s general economics students in 2019-2020.
Eastern Michigan not only placed well in this ranking. It is also #17 on our “Best General Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Eastern Michigan University is $13,904 for michigan bachelor’s degree general economics students whose families make $0-$30k.
Read more about General Economics at Eastern Michigan University
Kalamazoo College landed the #16 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. Kalamazoo College is located in Kalamazoo, Michigan and, has a small student population. In 2019-2020, this school awarded 20 bachelors’s general economics degrees to qualified students.
K College also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #4. It costs about $13,393 for michigan bachelor’s degree general economics students whose families make $0-$30k 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%.
Calvin University ranked #17 on this year’s Best Value General Economics Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Calvin University is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 13 bachelors’s degrees in 2019-2020.
Calvin also made our “Best General Economics Bachelor’s Degree Schools in Michigan” list, coming in at #6. The yearly cost to attend Calvin University is $21,344 for michigan bachelor’s degree general economics students whose families make $0-$30k.
With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%.
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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.
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