2022 Best Value Economics Schools in Maryland For Those Making $0-$30k
It’s not easy to decide which college to attend when there so many options available for students. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Economics Schools in Maryland For Those Making $0-$30k” ranking.
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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively.
For this year’s “Best Value Economics Schools in Maryland For Those Making $0-$30k” ranking, we looked at 14 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.
Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. 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 Economics Schools in Maryland For Those Making $0-$30k” list to help you make the college decision.
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Best Value Economics Schools in Maryland For Those Making $0-$30k
The following schools top our list of the Best Best Value Economics Schools in Maryland For Those Making $0-$30k.
Top 14 Best Value Colleges for Economics (Income $0-$30k) in Maryland
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Making $0-$30k that were part of this year’s ranking, Johns Hopkins University landed the #1 spot on the list. Baltimore, Maryland is the setting for this large institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 401 students in 2019-2020.
Johns Hopkins not only placed well in this ranking. It is also #1 on our “Best Economics Schools in Maryland” list. It costs about $3,526 for maryland economics students whose families make $0-$30k per year to attend Johns Hopkins University.
Since the school has a student-to-faculty ratio of 6 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 97%, the school does an excellent job of retaining its students. The school has an impressive student loan default rate. It’s only 1.3%, 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 Maryland - College Park. The school came in at #2 for the Best Value Economics Schools in Maryland For Those Making $0-$30k. University of Maryland - College Park is located in College Park, Maryland and, has a large student population. In 2019-2020, this school awarded 541 ’s economics degrees to qualified students.
UMCP not only placed well in this ranking. It is also #2 on our “Best Economics Schools in Maryland” list. The estimated yearly cost for UMCP is $8,054 for maryland economics students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 95%. The school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%.
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Making $0-$30k that were part of this year’s ranking, St Mary’s College of Maryland landed the #3 spot on the list. St Mary’s College of Maryland is located in St. Mary’s City, Maryland and, has a small student population. In 2019-2020, this school awarded 27 ’s economics degrees to qualified students.
As a testament to the quality of education offered at SMCM, the school also landed the #7 spot in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for St Mary’s College of Maryland is $9,445 for maryland economics students whose families make $0-$30k.
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%. The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
You’ll be in good company if you decide to attend Towson University. It ranked #4 on our 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k list. Located in Towson, Maryland, this large public school awarded 89 degrees to qualified ’s economics students in 2019-2020.
As a testament to the quality of education offered at Towson, the school also landed the #5 spot in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Towson is $9,206 for Maryland Economics students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 3.8%, 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 85%.
You’ll be in good company if you decide to attend University of Maryland - Baltimore County. It ranked #5 on our 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k list. UMBC is located in Baltimore, Maryland and, has a fairly large student population. In 2019-2020, this school awarded 130 ’s economics degrees to qualified students.
As a testament to the quality of education offered at UMBC, the school also landed the #4 spot in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend UMBC is $10,820 for maryland economics students whose families make $0-$30k.
The student loan default rate at the school is 4.3%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
With a ranking of #6, Salisbury University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k list. Salisbury, Maryland is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 22 students in 2019-2020.
Salisbury also took the #6 spot in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Salisbury is $11,432 for Maryland Economics students whose families make $0-$30k.
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%.
With a ranking of #7, Frostburg State University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k list. Frostburg State University is a small school located in Frostburg, Maryland that handed out 12 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students whose families make $0-$30k list, Frostburg State has also earned the #12 rank in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Frostburg State is $10,135 for Maryland Economics students whose families make $0-$30k.
Washington College landed the #8 spot on the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k ranking. Washington College is a small private not-for-profit school situated in Chestertown, Maryland. It awarded 33 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Washington College, the school also landed the #9 spot in our “Best Economics Schools in Maryland” ranking. It costs about $16,931 for maryland economics students whose families make $0-$30k per year to attend Washington College.
Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors. The student loan default rate at the school is 2.2%, which is quite low when compared to the national default rate of 10.1%.
Goucher College did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k ranking, coming in at #9. Baltimore, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 21 students in 2019-2020.
Goucher did well in our major quality rankings, too. It placed #8 on our “Best Economics Schools in Maryland” list. The estimated yearly cost for Goucher College is $18,274 for maryland economics students whose families make $0-$30k.
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%. The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Morgan State University did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k ranking, coming in at #10. This medium-sized school is located in Baltimore, Maryland, and it awarded 5 ’s economics degrees in 2019-2020.
In addition to being on our maryland economics students whose families make $0-$30k list, Morgan State has also earned the #14 rank in our “Best Economics Schools in Maryland” ranking. It costs about $14,297 for maryland economics students whose families make $0-$30k per year to attend Morgan State.
Hood College came in at #11 in this year’s edition of the Best Value Economics Schools in Maryland For Those Making $0-$30k ranking. Hood is a small private not-for-profit school situated in Frederick, Maryland. It awarded 1 ’s economics degrees in 2019-2020.
Hood also made our “Best Economics Schools in Maryland” list, coming in at #13. It costs about $14,381 for Maryland Economics students whose families make $0-$30k per year to attend Hood College.
McDaniel College landed the #12 spot on the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k ranking. McDaniel College is a private not-for-profit institution located in Westminster, Maryland. The school has a small population, and it awarded 4 ’s degrees in 2019-2020.
As a testament to the quality of education offered at McDaniel, the school also landed the #11 spot in our “Best Economics Schools in Maryland” ranking. It costs about $7,365 for Maryland Economics students whose families make $0-$30k per year to attend McDaniel College.
The low student loan default rate of 5.0% 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%.
Mount St Mary’s University did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $0-$30k ranking, coming in at #13. The Mount is a small private not-for-profit school situated in Emmitsburg, Maryland. It awarded 3 ’s economics degrees in 2019-2020.
The Mount did well in our major quality rankings, too. It placed #10 on our “Best Economics Schools in Maryland” list. It costs about $24,652 for maryland economics students whose families make $0-$30k per year to attend The Mount.
Loyola University Maryland came in at #14 in this year’s edition of the Best Value Economics Schools in Maryland For Those Making $0-$30k ranking. Loyola Maryland is located in Baltimore, Maryland and, has a medium-sized student population. In 2019-2020, this school awarded 11 ’s economics degrees to qualified students.
Loyola Maryland did well in our major quality rankings, too. It placed #3 on our “Best Economics Schools in Maryland” list. The yearly cost to attend Loyola University Maryland is $29,156 for Maryland Economics students whose families make $0-$30k.
The student loan default rate at the school is 2.3%, 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 87%.
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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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