2022 Best Value Master’s Degree Colleges for General Economics in Illinois

When it comes to choosing a college, students have a lot of options - but not all of them are good. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value General Economics Schools for a Master’s in Illinois” ranking - to help you make that 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 Illinois, there were 901 general economics graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 26 general economics graduates with average earnings and debt of $57,267 and $46,814 respectively.

This year’s “Best Value General Economics Schools for a Master’s in Illinois” ranking analyzed 5 colleges that offered a degree in general economics. Not only do the schools that top this list have excellent general economics programs, but they also 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.

More Ways to Rank General Economics Schools

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 Master’s in Illinois” list to help you make the college decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value General Economics Schools for a Master’s in Illinois

The following schools top our list of the Best Best Value General Economics Schools for a Master’s in Illinois.

Top 5 Best Value Master’s Degree Colleges for General Economics in Illinois

#1

University of Illinois at Chicago

Chicago, Illinois

#1 in overall quality

$27,036 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #1 on our 2022 Best Value General Economics Schools for a Master’s in Illinois list. Chicago, Illinois is the setting for this large institution of higher learning. The public school handed out masters’s general economics degrees to 2 students in 2019-2020.

In addition to being on our illinois master’s degree general economics students list, UIC has also earned the #1 rank in our “Best General Economics Master’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Illinois at Chicago are $27,036.

Read full report on General Economics at UIC

#2

Eastern Illinois University

Charleston, Illinois

#3 in overall quality

$20,761 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Eastern Illinois University. The school came in at #2 for the Best Value General Economics Schools for a Master’s in Illinois. Charleston, Illinois is the setting for this medium-sized institution of higher learning. The public school handed out masters’s general economics degrees to 11 students in 2019-2020.

EIU also took the #3 spot in our “Best General Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at EIU are $20,761, but some majors have different tuition rates.

Read more about General Economics at Eastern Illinois University

#3

Western Illinois University

Macomb, Illinois

#4 in overall quality

$11,996 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Western Illinois University. It ranked #3 on our 2022 Best Value General Economics Schools for a Master’s in Illinois list. WIU is a public institution located in Macomb, Illinois. The school has a medium-sized population, and it awarded 4 masters’s degrees in 2019-2020.

WIU also made our “Best General Economics Master’s Degree Schools in Illinois” list, coming in at #4. Average graduate tuition and fees at Western Illinois University are $11,996, but some majors have different tuition rates.

Full WIU General Economics Report

#4

Northern Illinois University

Dekalb, Illinois

#5 in overall quality

$11,086 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Northern Illinois University. It ranked #4 on our 2022 Best Value General Economics Schools for a Master’s in Illinois list. This fairly large school is located in Dekalb, Illinois, and it awarded 4 masters’s general economics degrees in 2019-2020.

NIU also made our “Best General Economics Master’s Degree Schools in Illinois” list, coming in at #5. Average graduate tuition and fees at NIU are $11,086, but some majors have different tuition rates.

Read more about General Economics at NIU

#5

Southern Illinois University Carbondale

Carbondale, Illinois

#2 in overall quality

$32,928 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Southern Illinois University Carbondale. It ranked #5 on our 2022 Best Value General Economics Schools for a Master’s in Illinois list. This fairly large school is located in Carbondale, Illinois, and it awarded 4 masters’s general economics degrees in 2019-2020.

In addition to being on our illinois master’s degree general economics students list, SIUC has also earned the #2 rank in our “Best General Economics Master’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Southern Illinois University Carbondale are $32,928, but some majors have different tuition rates.

Read full report on General Economics at SIUC

• Best Value Master’s Degree Colleges for General Economics in the Great Lakes Region
• Best Value Master’s Degree Colleges for General Economics

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 pixabay.

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