2022 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Maryland
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 for a Bachelor’s in Maryland For Those Making $48-$75k” 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 Maryland, there were 1,417 economics graduates with average earnings and debt of $53,757 and $22,018 respectively. At the bachelor’s degree level specifically, there were 1,051 economics graduates with average earnings and debt of $40,371 and $23,982 respectively.
For this year’s “Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k” 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.
When determining these rankings, we looked at things such as overall quality of the economics program at the school and the cost to attend the school once aid has been awarded. See our ranking methodology to learn more.
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Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k.
Top 14 Best Value Bachelor’s Degree Colleges for Economics (Income $48-$75k) in Maryland
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k 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 bachelors’s economics degrees to 112 students in 2019-2020.
Johns Hopkins not only placed well in this ranking. It is also #1 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Johns Hopkins University is $9,049 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low student loan default rate of 1.3% 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%.
You’ll join some of the best and brightest minds around if you attend McDaniel College. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k. McDaniel is a small private not-for-profit school situated in Westminster, Maryland. It awarded 4 bachelors’s economics degrees in 2019-2020.
McDaniel also took the #11 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend McDaniel College is $15,682 for maryland bachelor’s degree economics students whose families make $48-$75k.
The student loan default rate at the school is 5.0%, which is quite low when compared to the national default rate of 10.1%.
Out of the 14 schools in the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k that were part of this year’s ranking, University of Maryland - College Park landed the #3 spot on the list. University of Maryland - College Park is a public institution located in College Park, Maryland. The school has a large population, and it awarded 465 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at UMCP, the school also landed the #2 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for University of Maryland - College Park is $18,418 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 2.4%, which is quite low when compared to the national default rate of 10.1%.
You’ll be in good company if you decide to attend St Mary’s College of Maryland. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. St Mary’s College of Maryland is a small public school situated in St. Mary’s City, Maryland. It awarded 27 bachelors’s economics degrees in 2019-2020.
SMCM did well in our major quality rankings, too. It placed #7 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend St Mary’s College of Maryland is $12,650 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
With a student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The school has an impressive student loan default rate. It’s only 3.4%, which is much lower than the national rate of 10.1%.
You’ll be in good company if you decide to attend Towson University. It ranked #5 on our 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. This large school is located in Towson, Maryland, and it awarded 89 bachelors’s economics degrees in 2019-2020.
Towson did well in our major quality rankings, too. It placed #5 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. It costs about $18,052 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Towson.
The student loan default rate at the school is 3.8%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year.
Salisbury University ranked #6 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. Salisbury University is a medium-sized public school situated in Salisbury, Maryland. It awarded 22 bachelors’s economics degrees in 2019-2020.
Salisbury also took the #6 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Salisbury University is $19,190 for maryland bachelor’s degree economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%.
University of Maryland - Baltimore County ranked #7 on this year’s Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. University of Maryland - Baltimore County is a fairly large public school situated in Baltimore, Maryland. It awarded 129 bachelors’s economics degrees in 2019-2020.
UMBC did well in our major quality rankings, too. It placed #4 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The estimated yearly cost for UMBC is $20,614 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. 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%.
With a ranking of #8, Washington College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. Chestertown, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 33 students in 2019-2020.
Washington College also took the #9 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend Washington College is $22,479 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
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%. 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.
Frostburg State University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k ranking, coming in at #9. Located in Frostburg, Maryland, this small public school handed out 12 diplomas to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Frostburg State, the school also landed the #12 spot in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $18,634 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Frostburg State.
With a ranking of #10, Goucher College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. Goucher College is a private not-for-profit institution located in Baltimore, Maryland. The school has a small population, and it awarded 21 bachelors’s degrees in 2019-2020.
Goucher did well in our major quality rankings, too. It placed #8 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Goucher is $24,842 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
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 impressive student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Morgan State University came in at #11 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k ranking. Morgan State University is a public institution located in Baltimore, Maryland. The school has a medium-sized population, and it awarded 5 bachelors’s degrees in 2019-2020.
Morgan State not only placed well in this ranking. It is also #14 on our “Best Economics Bachelor’s Degree Schools in Maryland” list. The yearly cost to attend Morgan State is $18,991 for maryland bachelor’s degree economics students whose families make $48-$75k.
Mount St Mary’s University landed the #12 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k ranking. The Mount is a small private not-for-profit school situated in Emmitsburg, Maryland. It awarded 3 bachelors’s economics degrees in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $48-$75k list, The Mount has also earned the #10 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. It costs about $25,090 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k per year to attend Mount St Mary’s University.
Loyola University Maryland came in at #13 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k ranking. Loyola University Maryland is located in Baltimore, Maryland and, has a medium-sized student population. In 2019-2020, this school awarded 11 bachelors’s economics degrees to qualified students.
In addition to being on our maryland bachelor’s degree economics students whose families make $48-$75k list, Loyola Maryland has also earned the #3 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The yearly cost to attend Loyola University Maryland is $33,680 for Maryland Bachelor’s Degree Economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The low student loan default rate of 2.3% 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 ranking of #14, Hood College did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Maryland For Those Making $48-$75k list. Frederick, Maryland is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 1 students in 2019-2020.
In addition to being on our maryland bachelor’s degree economics students whose families make $48-$75k list, Hood has also earned the #13 rank in our “Best Economics Bachelor’s Degree Schools in Maryland” ranking. The estimated yearly cost for Hood is $21,527 for maryland bachelor’s degree economics students whose families make $48-$75k.
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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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