2022 Best Value Economics Schools in Maryland For Those Making $48-$75k
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 $48-$75k” ranking.
Economics is the 18th most popular major in the country with 48,831 degrees awarded in 2019-2020. 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 $48-$75k” ranking, we looked at 14 colleges that offer a degree in economics. Not only do the schools that top this list have excellent economics programs, but they also 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. For more information, check out our ranking methodology.
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One Size Does Not Fit All
The economics school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Economics Schools in Maryland For Those Making $48-$75k”.
You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.
Best Value Economics Schools in Maryland For Those Making $48-$75k
The following schools top our list of the Best Best Value Economics Schools in Maryland For Those Making $48-$75k.
Top 14 Best Value Colleges for Economics (Income $48-$75k) in Maryland
Out of the 14 schools in the Best Value Economics Schools 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. Johns Hopkins is a large school located in Baltimore, Maryland that handed out 401 ’s economics degrees in 2019-2020.
Johns Hopkins did well in our major quality rankings, too. It placed #1 on our “Best Economics Schools in Maryland” list. The estimated yearly cost for Johns Hopkins University is $9,049 for maryland economics students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The student loan default rate at the school is 1.3%, which is quite low when compared to the national default rate of 10.1%. 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.
You’ll be in good company if you decide to attend McDaniel College. It ranked #2 on our 2022 Best Value Economics Schools in Maryland For Those Making $48-$75k list. Located in Westminster, Maryland, this small private not-for-profit school awarded 4 diplomas to qualified ’s economics students in 2019-2020.
McDaniel also made our “Best Economics Schools in Maryland” list, coming in at #11. It costs about $15,682 for maryland economics students whose families make $48-$75k per year to attend McDaniel College.
The school has an impressive student loan default rate. It’s only 5.0%, 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 $48-$75k that were part of this year’s ranking, University of Maryland - College Park landed the #3 spot on the list. College Park, Maryland is the setting for this large institution of higher learning. The public school handed out ’s economics degrees to 541 students in 2019-2020.
UMCP did well in our major quality rankings, too. It placed #2 on our “Best Economics Schools in Maryland” list. The yearly cost to attend UMCP is $18,418 for maryland economics students whose families make $48-$75k.
The low student loan default rate of 2.4% 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 school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Making $48-$75k that were part of this year’s ranking, St Mary’s College of Maryland landed the #4 spot on the list. St. Mary’s City, Maryland is the setting for this small institution of higher learning. The public school handed out ’s economics degrees to 27 students in 2019-2020.
In addition to being on our maryland economics students whose families make $48-$75k list, SMCM has also earned the #7 rank in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for SMCM is $12,650 for Maryland 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 student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at St Mary’s College of Maryland
Out of the 14 schools in the Best Value Economics Schools in Maryland For Those Making $48-$75k that were part of this year’s ranking, Towson University landed the #5 spot on the list. Towson is located in Towson, Maryland and, has a large student population. In 2019-2020, this school awarded 89 ’s economics degrees to qualified students.
Towson also took the #5 spot in our “Best Economics Schools in Maryland” ranking. The estimated yearly cost for Towson University is $18,052 for maryland economics students whose families make $48-$75k.
With a freshman retention rate of 85%, the school does an excellent job of retaining its students. 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%.
Salisbury University came in at #6 in this year’s edition of the Best Value Economics Schools in Maryland For Those Making $48-$75k ranking. Salisbury is a medium-sized school located in Salisbury, Maryland that handed out 22 ’s economics degrees in 2019-2020.
Salisbury also made our “Best Economics Schools in Maryland” list, coming in at #6. The estimated yearly cost for Salisbury University is $19,190 for Maryland 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 did quite well in the 2022 Best Value Economics Schools in Maryland For Those Making $48-$75k ranking, coming in at #7. Baltimore, Maryland is the setting for this fairly large institution of higher learning. The public school handed out ’s economics degrees to 130 students in 2019-2020.
UMBC did well in our major quality rankings, too. It placed #4 on our “Best Economics Schools in Maryland” list. The yearly cost to attend UMBC is $20,614 for maryland economics students whose families make $48-$75k.
The low student loan default rate of 4.3% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 87%.
Read full report on Economics at University of Maryland - Baltimore County
Washington College came in at #8 in this year’s edition of the Best Value Economics Schools in Maryland For Those Making $48-$75k ranking. This small school is located in Chestertown, Maryland, and it awarded 33 ’s economics degrees in 2019-2020.
Washington College did well in our major quality rankings, too. It placed #9 on our “Best Economics Schools in Maryland” list. It costs about $22,479 for Maryland Economics students whose families make $48-$75k 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%.
Frostburg State University ranked #9 on this year’s Best Value Economics Schools in Maryland For Those Making $48-$75k list. Located in Frostburg, Maryland, this small public school handed out 12 diplomas to qualified ’s economics students in 2019-2020.
Frostburg State also took the #12 spot in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Frostburg State University is $18,634 for Maryland Economics students whose families make $48-$75k.
Goucher College came in at #10 in this year’s edition of the Best Value Economics Schools in Maryland For Those Making $48-$75k ranking. Goucher is located in Baltimore, Maryland and, has a small student population. In 2019-2020, this school awarded 21 ’s economics degrees to qualified students.
Goucher not only placed well in this ranking. It is also #8 on our “Best Economics Schools in Maryland” list. The estimated yearly cost for Goucher is $24,842 for maryland economics students whose families make $48-$75k.
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. The school has an impressive student loan default rate. It’s only 4.5%, which is much lower than the national rate of 10.1%.
With a ranking of #11, Morgan State University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $48-$75k list. Baltimore, Maryland is the setting for this medium-sized institution of higher learning. The public school handed out ’s economics degrees to 5 students in 2019-2020.
As a testament to the quality of education offered at Morgan State, the school also landed the #14 spot in our “Best Economics Schools in Maryland” ranking. The yearly cost to attend Morgan State is $18,991 for maryland economics students whose families make $48-$75k.
With a ranking of #12, Mount St Mary’s University did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $48-$75k list. Located in Emmitsburg, Maryland, this small private not-for-profit school awarded 3 degrees to qualified ’s economics students in 2019-2020.
The Mount did well in our major quality rankings, too. It placed #10 on our “Best Economics Schools in Maryland” list. The estimated yearly cost for The Mount is $25,090 for Maryland Economics students whose families make $48-$75k.
With a ranking of #13, Loyola University Maryland did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $48-$75k list. Loyola University Maryland is a medium-sized private not-for-profit school situated in Baltimore, Maryland. It awarded 11 ’s economics degrees in 2019-2020.
Loyola Maryland also made our “Best Economics Schools in Maryland” list, coming in at #3. The yearly cost to attend Loyola University Maryland is $33,680 for Maryland Economics students whose families make $48-$75k.
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%.
With a ranking of #14, Hood College did quite well on the 2022 Best Value Economics Schools in Maryland For Those Making $48-$75k list. This small school is located in Frederick, Maryland, and it awarded 1 ’s economics degrees in 2019-2020.
Hood also made our “Best Economics Schools in Maryland” list, coming in at #13. The estimated yearly cost for Hood College is $21,527 for Maryland Economics students whose families make $48-$75k.
- Best Value Colleges for Economics (Income $48-$75k) in the Middle Atlantic Region
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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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