2023 Best Value Colleges for Economics (Income $30-$48k) in Maine
5
Ranked Colleges
256
Degrees Awarded
$7,400
Avg Net Price*
When it comes to choosing a college, students have a lot of options - but not all of them are good. College Factual has developed its “Best Value Economics Schools in Maine For Those Making $30-$48k” ranking as one item you can use to help make this decision.
In 2020-2021, 49,055 people earned their degree in economics, making the major the 19th most popular in the United States. In 2019-2020, economics graduates who were awarded their degree in 2017-2019, earned an average of $48,736 and had an average of $22,046 in loans still to pay off.
Across Maine, there were 256 economics graduates with average earnings and debt of $51,700 and $19,063 respectively.
This year’s “Best Value Economics Schools in Maine For Those Making $30-$48k” ranking looked at 5 colleges that offer degrees in a bachelor’s 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.
One Size Does Not Fit All
Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Economics Schools in Maine For Those Making $30-$48k” ranking, along with many other major-related rankings, to help you make that 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. When you have some time, check it out - you may want to bookmark the link so you don’t forget it.
Best Value Economics Schools in Maine For Those Making $30-$48k
The following schools top our list of the Best Best Value Economics Schools in Maine For Those Making $30-$48k.
Top 5 Best Value Colleges for Economics (Income $30-$48k) in Maine
Out of the 5 schools in the Best Value Economics Schools in Maine For Those Making $30-$48k that were part of this year’s ranking, Colby College landed the #1 spot on the list. Colby is a small private not-for-profit school situated in Waterville, Maine. It awarded 74 ’s economics degrees in 2020-2021.
As a testament to the quality of education offered at Colby, the school also landed the #3 spot in our “Best Economics Schools in Maine” ranking. The estimated yearly cost for Colby is $2,361 for Maine Economics students whose families make $30-$48k.
The low undergrad student loan default rate of 2.0% 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%. Since the school has a undergrad student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 91%, the school does an excellent job of retaining its undergraduate students.
Read full report on Economics at Colby
Out of the 5 schools in the Best Value Economics Schools in Maine For Those Making $30-$48k that were part of this year’s ranking, Bates College landed the #2 spot on the list. Bates College is a small school located in Lewiston, Maine that handed out 54 ’s economics degrees in 2020-2021.
Bates did well in our major quality rankings, too. It placed #2 on our “Best Economics Schools in Maine” list. The yearly cost to attend Bates is $4,981 for maine economics students whose families make $30-$48k.
The impressive undergraduate 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 undergrad student loan default rate at the school is 1.5%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 90%, the school does an excellent job of retaining its undergraduate students.
Full Bates College Economics Report
You’ll be in good company if you decide to attend Bowdoin College. It ranked #3 on our 2023 Best Value Economics Schools in Maine For Those Making $30-$48k list. Located in Brunswick, Maine, this small private not-for-profit school awarded 72 diplomas to qualified ’s economics students in 2020-2021.
Bowdoin also made our “Best Economics Schools in Maine” list, coming in at #1. It costs about $7,823 for Maine Economics students whose families make $30-$48k per year to attend Bowdoin College.
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 undergrad student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%. With a undergrad student-to-faculty ratio of 8 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read full report on Economics at Bowdoin College
You’ll be in good company if you decide to attend University of Southern Maine. It ranked #4 on our 2023 Best Value Economics Schools in Maine For Those Making $30-$48k list. Portland, Maine is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 19 students in 2020-2021.
In addition to being on our maine economics students whose families make $30-$48k list, University of Southern Maine has also earned the #5 rank in our “Best Economics Schools in Maine” ranking. It costs about $9,167 for Maine Economics students whose families make $30-$48k per year to attend University of Southern Maine.
The school has an impressive undergrad student loan default rate. It’s only 4.2%, which is much lower than the national rate of 10.1%.
Read more about Economics at University of Southern Maine
You’ll be in good company if you decide to attend University of Maine. It ranked #5 on our 2023 Best Value Economics Schools in Maine For Those Making $30-$48k list. UMaine is a public institution located in Orono, Maine. The school has a fairly large population, and it awarded 37 ’s degrees in 2020-2021.
UMaine did well in our major quality rankings, too. It placed #4 on our “Best Economics Schools in Maine” list. The estimated yearly cost for University of Maine is $12,578 for maine economics students whose families make $30-$48k.
The undergrad student loan default rate at the school is 4.0%, which is quite low when compared to the national default rate of 10.1%.
Read more about Economics at UMaine
college factual
