2022 Best Value Economics Schools in Michigan For Those Making $48-$75k
When pursuing a degree in today’s world, students have many different options to choose from. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools in Michigan For Those Making $48-$75k” ranking - to help you make that decision.
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 $48-$75k” ranking, we looked at 18 colleges that offer a degree in economics. The schools that top this list are recognized because they have great economics programs and cost less that 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 in Michigan For Those Making $48-$75k
The colleges and universities below are the best for michigan economics students whose families make $48-$75k.
Top 18 Best Value Colleges for Economics (Income $48-$75k) in Michigan
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $48-$75k that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #1 spot on the list. Located in Ann Arbor, Michigan, this large public school awarded 669 degrees to qualified ’s economics students in 2019-2020.
In addition to being on our michigan economics students whose families make $48-$75k list, U-M has also earned the #1 rank in our “Best Economics Schools in Michigan” ranking. It costs about $10,028 for michigan economics students whose families make $48-$75k per year to attend U-M.
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%. With a freshman retention rate of 96%, the school does an excellent job of retaining its students.
Out of the 18 schools in the Best Value Economics Schools in Michigan For Those Making $48-$75k that were part of this year’s ranking, University of Michigan - Dearborn landed the #2 spot on the list. UM Dearborn is a medium-sized school located in Dearborn, Michigan that handed out 27 ’s economics degrees in 2019-2020.
In addition to being on our michigan economics students whose families make $48-$75k list, UM Dearborn has also earned the #11 rank in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for University of Michigan - Dearborn is $10,553 for Michigan Economics students whose families make $48-$75k.
The student loan default rate at the school is 4.5%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at University of Michigan - Dearborn
You’ll be in good company if you decide to attend Oakland University. It ranked #3 on our 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k list. Oakland is located in Rochester Hills, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 10 ’s economics degrees to qualified students.
Oakland did well in our major quality rankings, too. It placed #13 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Oakland University is $10,387 for Michigan Economics students whose families make $48-$75k.
You’ll join some of the best and brightest minds around if you attend University of Detroit Mercy. The school came in at #4 for the Best Value Economics Schools in Michigan For Those Making $48-$75k. 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.
In addition to being on our michigan economics students whose families make $48-$75k list, Detroit Mercy has also earned the #4 rank in our “Best Economics Schools in Michigan” ranking. It costs about $17,242 for michigan economics students whose families make $48-$75k per year to attend Detroit Mercy.
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%. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.
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 $48-$75k. This small school is located in Albion, Michigan, and it awarded 27 ’s economics degrees in 2019-2020.
Albion did well in our major quality rankings, too. It placed #7 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Albion College is $14,499 for michigan economics students whose families make $48-$75k.
Michigan State University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k ranking, coming in at #6. 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.
In addition to being on our michigan economics students whose families make $48-$75k list, Michigan State has also earned the #2 rank in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Michigan State University is $20,696 for michigan economics students whose families make $48-$75k.
The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. The student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%.
Grand Valley State University ranked #7 on this year’s Best Value Economics Schools in Michigan For Those Making $48-$75k list. Located in Allendale, Michigan, this large public school awarded 20 diplomas to qualified ’s economics students in 2019-2020.
GVSU also took the #8 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend GVSU is $15,775 for Michigan Economics students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%.
Aquinas College Michigan ranked #8 on this year’s Best Value Economics Schools in Michigan For Those Making $48-$75k list. This small school is located in Grand Rapids, Michigan, and it awarded 4 ’s economics degrees in 2019-2020.
Aquinas College Michigan not only placed well in this ranking. It is also #9 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Aquinas College Michigan is $17,715 for michigan economics students whose families make $48-$75k.
Wayne State University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k ranking, coming in at #9. Wayne State University is located in Detroit, Michigan and, has a large student population. In 2019-2020, this school awarded 62 ’s economics degrees to qualified students.
Wayne State also took the #14 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Wayne State is $13,668 for michigan economics students whose families make $48-$75k.
University of Michigan - Flint ranked #10 on this year’s Best Value Economics Schools in Michigan For Those Making $48-$75k list. Located in Flint, Michigan, this medium-sized public school awarded 9 degrees to qualified ’s economics students in 2019-2020.
UM Flint not only placed well in this ranking. It is also #15 on our “Best Economics Schools in Michigan” list. The yearly cost to attend UM Flint is $13,343 for Michigan Economics students whose families make $48-$75k.
Read full report on Economics at University of Michigan - Flint
Central Michigan University landed the #11 spot on the 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k ranking. Central Michigan is a fairly large public school situated in Mount Pleasant, Michigan. It awarded 31 ’s economics degrees in 2019-2020.
Central Michigan not only placed well in this ranking. It is also #12 on our “Best Economics Schools in Michigan” list. The estimated yearly cost for Central Michigan University is $14,591 for michigan economics students whose families make $48-$75k.
Eastern Michigan University came in at #12 in this year’s edition of the Best Value Economics Schools in Michigan For Those Making $48-$75k ranking. This fairly large school is located in Ypsilanti, Michigan, and it awarded 28 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Eastern Michigan, the school also landed the #17 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Eastern Michigan is $16,042 for michigan economics students whose families make $48-$75k.
Read full report on Economics at Eastern Michigan University
With a ranking of #13, Hope College did quite well on the 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k list. 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 is $20,372 for michigan economics students whose families make $48-$75k.
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%. With a freshman retention rate of 87%, the school does an excellent job of retaining its students.
Kalamazoo College did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k ranking, coming in at #14. K College is a small school located in Kalamazoo, Michigan that handed out 20 ’s economics degrees in 2019-2020.
K College also made our “Best Economics Schools in Michigan” list, coming in at #5. The yearly cost to attend Kalamazoo College is $22,229 for michigan economics students whose families make $48-$75k.
The low student loan default rate of 1.2% 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%.
Northern Michigan University ranked #15 on this year’s Best Value Economics Schools in Michigan For Those Making $48-$75k list. Northern Michigan University is a medium-sized public school situated in Marquette, Michigan. It awarded 14 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Northern Michigan University, the school also landed the #16 spot in our “Best Economics Schools in Michigan” ranking. The estimated yearly cost for Northern Michigan University is $15,753 for michigan economics students whose families make $48-$75k.
Western Michigan University did quite well in the 2022 Best Value Economics Schools in Michigan For Those Making $48-$75k ranking, coming in at #16. WMU is a fairly large public school situated in Kalamazoo, Michigan. It awarded 22 ’s economics degrees in 2019-2020.
As a testament to the quality of education offered at WMU, the school also landed the #10 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend WMU is $19,841 for Michigan Economics students whose families make $48-$75k.
Calvin University ranked #17 on this year’s Best Value Economics Schools in Michigan For Those Making $48-$75k list. Calvin University is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 21 ’s degrees in 2019-2020.
Calvin also took the #6 spot in our “Best Economics Schools in Michigan” ranking. The yearly cost to attend Calvin University is $23,773 for michigan 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 school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%.
Andrews University ranked #18 on this year’s Best Value Economics Schools in Michigan For Those Making $48-$75k list. Located in Berrien Springs, Michigan, this small private not-for-profit school handed out 2 degrees 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. It costs about $20,399 for Michigan Economics students whose families make $48-$75k per year to attend Andrews University.
The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 4.8%, which is much lower than the national rate of 10.1%. Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
- Best Value Colleges for Economics (Income $48-$75k) in the Great Lakes Region
- Best Value Colleges for Economics (Income $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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- Credit for the banner image above goes to pixabay.
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