2022 Best Value Economics Schools in Michigan For Those Making $0-$30k
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 Economics Schools in Michigan For Those Making $0-$30k” ranking is one tool we have developed to help in this regard.
In 2019-2020, 48,831 people earned their degree in economics, making the major the 18th most popular in the United States. In 2017-2018, economics graduates who were awarded their degree in 2015-2017, earned an average of $47,295 and had an average of $21,978 in loans still to pay off.
Across Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively.
For this year’s “Best Value Economics Schools in Michigan For Those Making $0-$30k” ranking, we looked at 18 colleges that offer a degree in economics. This ranking identifies schools with high-quality 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 economics program at the school. See our ranking methodology to learn more.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools in Michigan For Those Making $0-$30k” list, to help you choose the best school for you.
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Best Value Economics Schools in Michigan For Those Making $0-$30k
The following schools top our list of the Best Best Value Economics Schools in Michigan For Those Making $0-$30k.
Top 18 Best Value Colleges for Economics (Income $0-$30k) in Michigan
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $0-$30k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. U-M is a large public school situated in Ann Arbor, Michigan. It awarded 669 ’s economics degrees in 2019-2020.
U-M did well in our major quality rankings, too. It placed #1 on our “Best Economics Schools in Michigan” list. The yearly cost to attend U-M is $3,166 for Michigan Economics students whose families make $0-$30k.
The student loan default rate at the school is 1.2%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%.
You’ll be in good company if you decide to attend Michigan State University. It ranked #2 on our 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k list. East Lansing, Michigan is the setting for this large institution of higher learning. The public school handed out ’s economics degrees to 332 students in 2019-2020.
Michigan State also took the #2 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Michigan State is $6,686 for Michigan Economics students whose families make $0-$30k.
With a freshman retention rate of 91%, the school does an excellent job of retaining its students. 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%.
You’ll join some of the best and brightest minds around if you attend University of Michigan - Dearborn. The school came in at #3 for the Best Value Economics Schools in Michigan For Those Making $0-$30k. This medium-sized school is located in Dearborn, Michigan, and it awarded 27 ’s economics degrees in 2019-2020.
UM Dearborn did well in our major quality rankings, too. It placed #11 on our “Best Economics Schools in Michigan” list. It costs about $6,751 for michigan 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%.
Read more about Economics at University of Michigan - Dearborn
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $0-$30k that were part of this year’s ranking, Grand Valley State University landed the #4 spot on the list. Grand Valley State University is located in Allendale, Michigan and, has a large student population. In 2019-2020, this school awarded 20 ’s economics degrees to qualified students.
GVSU did well in our major quality rankings, too. It placed #8 on our “Best Economics Schools in Michigan” list. It costs about $11,578 for Michigan Economics students whose families make $0-$30k per year to attend Grand Valley State University.
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 join some of the best and brightest minds around if you attend Albion College. The school came in at #5 for the Best Value Economics Schools in Michigan For Those Making $0-$30k. This small school is located in Albion, Michigan, and it awarded 27 ’s economics degrees in 2019-2020.
Albion not only placed well in this ranking. It is also #7 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Albion is $12,032 for michigan economics students whose families make $0-$30k.
Oakland University came in at #6 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $0-$30k ranking. Oakland University is a public institution located in Rochester Hills, Michigan. The school has a fairly large population, and it awarded 10 ’s degrees in 2019-2020.
As a testament to the quality of education offered at Oakland, the school also landed the #13 spot in our “Best Economics Schools in Michigan” ranking. It costs about $7,490 for Michigan 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 Economics Schools in Michigan For Those Making $0-$30k ranking. Flint, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 9 students 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 Economics Schools in Michigan” ranking. It costs about $7,955 for Michigan Economics students whose families make $0-$30k per year to attend UM Flint.
Read full report on Economics at University of Michigan - Flint
University of Detroit Mercy did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k ranking, coming in at #8. University of Detroit Mercy is a private not-for-profit institution located in Detroit, Michigan. The school has a small population, and it awarded 36 ’s degrees in 2019-2020.
Detroit Mercy also took the #4 spot in our “Best Economics Schools in Michigan” ranking. It costs about $13,879 for Michigan Economics students whose families make $0-$30k per year to attend Detroit Mercy.
With a freshman retention rate of 86%, the school does an excellent job of retaining its students. The student loan default rate at the school is 3.5%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #9, Central Michigan University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k list. Central Michigan University is a public institution located in Mount Pleasant, Michigan. The school has a fairly large population, and it awarded 31 ’s degrees in 2019-2020.
Central Michigan did well in our major quality rankings, too. It placed #12 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Central Michigan is $11,598 for Michigan Economics students whose families make $0-$30k.
Northern Michigan University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k ranking, coming in at #10. Marquette, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 14 students in 2019-2020.
In addition to being on our michigan economics students whose families make $0-$30k list, Northern Michigan University has also earned the #16 rank in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Northern Michigan University is $9,137 for Michigan Economics students whose families make $0-$30k.
With a ranking of #11, Wayne State University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k list. This large school is located in Detroit, Michigan, and it awarded 62 ’s economics degrees in 2019-2020.
Wayne State also took the #14 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Wayne State is $11,413 for michigan economics students whose families make $0-$30k.
Aquinas College Michigan came in at #12 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $0-$30k ranking. This small school is located in Grand Rapids, Michigan, and it awarded 4 ’s economics degrees in 2019-2020.
Aquinas College Michigan also took the #9 spot in our “Best Economics Schools in Michigan” ranking. It costs about $13,510 for michigan economics students whose families make $0-$30k per year to attend Aquinas College Michigan.
Western Michigan University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k ranking, coming in at #13. Western Michigan University is located in Kalamazoo, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 22 ’s economics degrees to qualified students.
In addition to being on our michigan economics students whose families make $0-$30k list, WMU has also earned the #10 rank in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for WMU is $13,021 for michigan economics students whose families make $0-$30k.
Hope College came in at #14 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $0-$30k ranking. Hope College is a private not-for-profit institution located in Holland, Michigan. The school has a small population, and it awarded 15 ’s degrees in 2019-2020.
Hope did well in our major quality rankings, too. It placed #3 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Hope College is $16,113 for michigan economics students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. 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%.
Eastern Michigan University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k ranking, coming in at #15. Eastern Michigan University is a fairly large public school situated in Ypsilanti, Michigan. It awarded 28 ’s economics degrees in 2019-2020.
Eastern Michigan also made our “Best Economics Schools in Michigan” list, coming in at #17. It costs about $13,904 for michigan economics students whose families make $0-$30k per year to attend Eastern Michigan.
Kalamazoo College landed the #16 spot on the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k ranking. Located in Kalamazoo, Michigan, this small private not-for-profit school awarded 20 degrees to qualified ’s economics students in 2019-2020.
K College also took the #5 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Kalamazoo College is $13,393 for michigan economics students whose families make $0-$30k.
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 did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k ranking, coming in at #17. Located in Grand Rapids, Michigan, this small private not-for-profit school handed out 21 diplomas to qualified ’s economics students in 2019-2020.
Calvin not only placed well in this ranking. It is also #6 on our “Best Economics Schools in Michigan” list. It costs about $21,344 for Michigan Economics students whose families make $0-$30k per year to attend Calvin University.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
With a ranking of #18, Andrews University did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $0-$30k list. Located in Berrien Springs, Michigan, this small private not-for-profit school handed out 2 diplomas to qualified ’s economics students in 2019-2020.
Andrews did well in our major quality rankings, too. It placed #18 on our “Best Economics Schools in Michigan” list. The yearly cost to attend Andrews University is $16,868 for Michigan Economics students whose families make $0-$30k.
The impressive student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The student loan default rate at the school is 4.8%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.
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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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