2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k
With all of the options students have for higher education today, it can be tough to choose which direction to take. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k” ranking.
In 2019-2020, 31,150 people earned their degree in general economics, making the major the 22nd most popular in the United States.
Across the Great Lakes region, there were 4,035 general economics graduates with average earnings and debt of $0 and $0 respectively. At the bachelor’s degree level specifically, there were 3,836 general economics graduates with average earnings and debt of $39,075 and $25,381 respectively.
This year’s “Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k” ranking looked at 89 colleges that offer degrees in a bachelor’s in general economics. This ranking identifies schools with high-quality general economics programs that also have a lower cost than 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 general economics program at the school. See our ranking methodology to learn more.
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Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k
The following schools top our list of the Best Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k.
Top 25 Best Value Bachelor’s Degree Colleges for General Economics (Income $48-$75k) in the Great Lakes Region
Out of the 89 schools in the Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, Northwestern University landed the #1 spot on the list. Northwestern University is a large school located in Evanston, Illinois that handed out 7 bachelors’s general economics degrees in 2019-2020.
As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot in our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Northwestern University is $6,452 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
The student loan default rate at the school is 0.8%, 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 students. The impressive student-to-faculty ratio of 6 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Out of the 89 schools in the Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #2 spot on the list. This large school is located in Ann Arbor, Michigan, and it awarded 586 bachelors’s general economics degrees in 2019-2020.
U-M also made our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #2. It costs about $10,028 for great lakes region bachelor’s degree general economics students whose families make $48-$75k per year to attend University of Michigan - Ann Arbor.
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%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend University of Wisconsin - Madison. The school came in at #3 for the Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k. Madison, Wisconsin is the setting for this large institution of higher learning. The public school handed out bachelors’s general economics degrees to 566 students in 2019-2020.
UW - Madison did well in our major quality rankings, too. It placed #4 on our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $13,227 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k per year to attend UW - Madison.
The low 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%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #4 for the Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k. UIUC is a large public school situated in Champaign, Illinois. It awarded 436 bachelors’s general economics degrees in 2019-2020.
UIUC did well in our major quality rankings, too. It placed #3 on our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for UIUC is $13,351 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k.
The low student loan default rate of 2.4% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%.
You’ll be in good company if you decide to attend Indiana University - Bloomington. It ranked #5 on our 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Bloomington, Indiana, this large public school awarded 133 diplomas to qualified bachelors’s general economics students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree general economics students whose families make $48-$75k list, IU Bloomington has also earned the #12 rank in our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Indiana University - Bloomington is $12,060 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k.
The low student loan default rate of 4.3% 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%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
Read more about General Economics at Indiana University - Bloomington
Ohio State University - Main Campus landed the #6 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Located in Columbus, Ohio, this large public school awarded 28 diplomas to qualified bachelors’s general economics students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree general economics students whose families make $48-$75k list, Ohio State has also earned the #9 rank in our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $13,982 for great lakes region bachelor’s degree general economics students whose families make $48-$75k per year to attend Ohio State University - Main Campus.
The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. 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%.
University of Wisconsin - La Crosse did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #7. This fairly large school is located in La Crosse, Wisconsin, and it awarded 45 bachelors’s general economics degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree general economics students whose families make $48-$75k list, UW - La Crosse has also earned the #14 rank in our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for University of Wisconsin - La Crosse is $13,304 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k.
The low student loan default rate of 1.6% 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%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
Read full report on General Economics at University of Wisconsin - La Crosse
Beloit College did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #8. Beloit College is a small private not-for-profit school situated in Beloit, Wisconsin. It awarded 13 bachelors’s general economics degrees in 2019-2020.
The estimated yearly cost for Beloit is $10,769 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
With a freshman retention rate of 90%, the school does an excellent job of retaining its students. The 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. The student loan default rate at the school is 1.9%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #9, University of Illinois at Springfield did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Springfield, Illinois is the setting for this small institution of higher learning. The public school handed out bachelors’s general economics degrees to 4 students in 2019-2020.
The estimated yearly cost for University of Illinois at Springfield is $11,857 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
Read full report on General Economics at University of Illinois at Springfield
University of Wisconsin - River Falls ranked #10 on this year’s Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in River Falls, Wisconsin, this medium-sized public school awarded 17 degrees to qualified bachelors’s general economics students in 2019-2020.
UW - River Falls also made our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #15. The yearly cost to attend UW - River Falls is $13,474 for great lakes region bachelor’s degree general economics 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%.
Read full report on General Economics at University of Wisconsin - River Falls
University of Illinois at Chicago landed the #11 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. This large school is located in Chicago, Illinois, and it awarded 99 bachelors’s general economics degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree general economics students whose families make $48-$75k list, UIC has also earned the #20 rank in our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend University of Illinois at Chicago is $13,683 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
Read more about General Economics at University of Illinois at Chicago
University of Wisconsin - Whitewater did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #12. University of Wisconsin - Whitewater is a public institution located in Whitewater, Wisconsin. The school has a fairly large population, and it awarded 25 bachelors’s degrees in 2019-2020.
The yearly cost to attend University of Wisconsin - Whitewater is $14,941 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k.
Read full report on General Economics at University of Wisconsin - Whitewater
University of Wisconsin - Oshkosh did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #13. Located in Oshkosh, Wisconsin, this fairly large public school handed out 4 diplomas to qualified bachelors’s general economics students in 2019-2020.
The yearly cost to attend UW Oshkosh is $15,236 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
Full University of Wisconsin - Oshkosh General Economics Report
University of Wisconsin - Eau Claire landed the #14 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. University of Wisconsin - Eau Claire is a public institution located in Eau Claire, Wisconsin. The school has a fairly large population, and it awarded 43 bachelors’s degrees in 2019-2020.
It costs about $14,887 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k per year to attend University of Wisconsin - Eau Claire.
University of Wisconsin - Green Bay came in at #15 in this year’s edition of the Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. University of Wisconsin - Green Bay is a public institution located in Green Bay, Wisconsin. The school has a medium-sized population, and it awarded 4 bachelors’s degrees in 2019-2020.
The estimated yearly cost for University of Wisconsin - Green Bay is $14,584 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
Indiana University - Purdue University - Indianapolis landed the #16 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. This large school is located in Indianapolis, Indiana, and it awarded 24 bachelors’s general economics degrees in 2019-2020.
It costs about $12,314 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k per year to attend IUPUI.
With a ranking of #17, University of Michigan - Dearborn did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Dearborn, Michigan, this medium-sized public school awarded 27 diplomas to qualified bachelors’s general economics students in 2019-2020.
The yearly cost to attend University of Michigan - Dearborn is $10,553 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
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%.
Case Western Reserve University ranked #18 on this year’s Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Case Western is a private not-for-profit institution located in Cleveland, Ohio. The school has a fairly large population, and it awarded 63 bachelors’s degrees in 2019-2020.
Case Western did well in our major quality rankings, too. It placed #6 on our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Case Western Reserve University is $22,236 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 1.4%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year.
Full Case Western Reserve University General Economics Report
University of Wisconsin - Stevens Point ranked #19 on this year’s Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. This medium-sized school is located in Stevens Point, Wisconsin, and it awarded 8 bachelors’s general economics degrees in 2019-2020.
It costs about $14,165 for great lakes region bachelor’s degree general economics students whose families make $48-$75k per year to attend University of Wisconsin - Stevens Point.
Southern Illinois University Edwardsville ranked #20 on this year’s Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. SIUE is a fairly large public school situated in Edwardsville, Illinois. It awarded 9 bachelors’s general economics degrees in 2019-2020.
The estimated yearly cost for Southern Illinois University Edwardsville is $13,705 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
Full Southern Illinois University Edwardsville General Economics Report
With a ranking of #21, Eastern Illinois University did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Charleston, Illinois, this medium-sized public school awarded 3 diplomas to qualified bachelors’s general economics students in 2019-2020.
The estimated yearly cost for Eastern Illinois University is $13,560 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k.
Read more about General Economics at Eastern Illinois University
DePauw University did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #22. DePauw is a private not-for-profit institution located in Greencastle, Indiana. The school has a small population, and it awarded 63 bachelors’s degrees in 2019-2020.
DePauw not only placed well in this ranking. It is also #5 on our “Best General Economics Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for DePauw University is $18,183 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
The student loan default rate at the school is 2.5%, 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. 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 ranking of #23, Oakland University did quite well on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Oakland University is a fairly large school located in Rochester Hills, Michigan that handed out 10 bachelors’s general economics degrees in 2019-2020.
It costs about $10,387 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k per year to attend Oakland University.
Albion College landed the #24 spot on the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Located in Albion, Michigan, this small private not-for-profit school handed out 26 diplomas to qualified bachelors’s general economics students in 2019-2020.
The estimated yearly cost for Albion College is $14,499 for great lakes region bachelor’s degree general economics students whose families make $48-$75k.
University of Detroit Mercy did quite well in the 2022 Best Value General Economics Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #25. Detroit Mercy is a small private not-for-profit school situated in Detroit, Michigan. It awarded 2 bachelors’s general economics degrees in 2019-2020.
It costs about $17,242 for Great Lakes Region Bachelor’s Degree General Economics students whose families make $48-$75k per year to attend Detroit Mercy.
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%.
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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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- Credit for the banner image above goes to pixabay.
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