2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid
It’s not easy to decide which college to attend when there so many options available for students. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid” ranking - to help you make that decision.
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 Michigan, there were 1,402 economics graduates with average earnings and debt of $41,425 and $23,888 respectively. At the bachelor’s degree level specifically, there were 1,221 economics graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid” ranking looked at 17 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.
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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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 for a Bachelor’s in Michigan For Those Getting Aid”.
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. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.
Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid
The colleges and universities below are the best for michigan bachelor’s degree economics students with aid.
Top 17 Best Value Bachelor’s Degree Colleges for Economics in Michigan (With Aid)
You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #1 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid. This large school is located in Ann Arbor, Michigan, and it awarded 586 bachelors’s economics degrees in 2019-2020.
U-M also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #1. It costs about $15,336 for Michigan Bachelor’s Degree Economics students with aid per year to attend U-M.
Students who start out at the school are likely to stick around. The freshman retention rate is 96%. 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%.
Read more about Economics at University of Michigan - Ann Arbor
Out of the 17 schools in the Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid that were part of this year’s ranking, Michigan State University landed the #2 spot on the list. This large school is located in East Lansing, Michigan, and it awarded 316 bachelors’s economics degrees in 2019-2020.
Michigan State did well in our major quality rankings, too. It placed #2 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $19,173 for michigan bachelor’s degree economics students with aid per year to attend Michigan State.
The school has an impressive student loan default rate. It’s only 3.6%, which is much lower than the national rate of 10.1%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend University of Michigan - Dearborn. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid. University of Michigan - Dearborn is a public institution located in Dearborn, Michigan. The school has a medium-sized population, and it awarded 27 bachelors’s degrees in 2019-2020.
In addition to being on our michigan bachelor’s degree economics students with aid list, UM Dearborn has also earned the #10 rank in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend UM Dearborn is $11,473 for michigan bachelor’s degree economics students with aid.
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%.
Read more about Economics at University of Michigan - Dearborn
You’ll be in good company if you decide to attend University of Michigan - Flint. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid list. Flint, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s economics degrees to 9 students in 2019-2020.
UM Flint also took the #15 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend UM Flint is $12,734 for michigan bachelor’s degree economics students with aid.
You’ll join some of the best and brightest minds around if you attend Grand Valley State University. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid. Grand Valley State University is located in Allendale, Michigan and, has a large student population. In 2019-2020, this school awarded 20 bachelors’s economics degrees to qualified students.
GVSU also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #8. The yearly cost to attend Grand Valley State University is $17,646 for michigan bachelor’s degree economics students with aid.
The low student loan default rate of 3.7% 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%.
Oakland University came in at #6 in this year’s edition of the Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking. Oakland University is a fairly large school located in Rochester Hills, Michigan that handed out 10 bachelors’s economics degrees in 2019-2020.
Oakland also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #13. The estimated yearly cost for Oakland is $11,802 for Michigan Bachelor’s Degree Economics students with aid.
University of Detroit Mercy landed the #7 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking. University of Detroit Mercy is a small private not-for-profit school situated in Detroit, Michigan. It awarded 18 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Detroit Mercy, the school also landed the #5 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $18,356 for Michigan Bachelor’s Degree Economics students with aid per year to attend University of Detroit Mercy.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 86%.
With a ranking of #8, Central Michigan University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid list. This fairly large school is located in Mount Pleasant, Michigan, and it awarded 17 bachelors’s economics degrees in 2019-2020.
Central Michigan not only placed well in this ranking. It is also #12 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Central Michigan University is $15,981 for Michigan Bachelor’s Degree Economics students with aid.
With a ranking of #9, Wayne State University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid list. Wayne State University is a large public school situated in Detroit, Michigan. It awarded 36 bachelors’s economics degrees in 2019-2020.
Wayne State also took the #14 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $13,965 for michigan bachelor’s degree economics students with aid per year to attend Wayne State.
Albion College did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking, coming in at #10. Located in Albion, Michigan, this small private not-for-profit school awarded 27 diplomas to qualified bachelors’s economics students in 2019-2020.
Albion did well in our major quality rankings, too. It placed #7 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $16,653 for Michigan Bachelor’s Degree Economics students with aid per year to attend Albion College.
Western Michigan University did quite well in the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking, coming in at #11. WMU is a public institution located in Kalamazoo, Michigan. The school has a fairly large population, and it awarded 10 bachelors’s degrees in 2019-2020.
WMU also took the #11 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for WMU is $19,433 for Michigan Bachelor’s Degree Economics students with aid.
With a ranking of #12, Aquinas College Michigan did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid list. Aquinas College Michigan is a small private not-for-profit school situated in Grand Rapids, Michigan. It awarded 4 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Aquinas College Michigan, the school also landed the #9 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Aquinas College Michigan is $18,549 for Michigan Bachelor’s Degree Economics students with aid.
Eastern Michigan University landed the #13 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking. Located in Ypsilanti, Michigan, this fairly large public school handed out 19 degrees to qualified bachelors’s economics students in 2019-2020.
Eastern Michigan not only placed well in this ranking. It is also #17 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. It costs about $15,924 for michigan bachelor’s degree economics students with aid per year to attend Eastern Michigan.
Northern Michigan University landed the #14 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking. Located in Marquette, Michigan, this medium-sized public school handed out 14 degrees to qualified bachelors’s economics students 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 Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Northern Michigan University is $15,453 for Michigan Bachelor’s Degree Economics students with aid.
With a ranking of #15, Calvin University did quite well on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid list. Calvin University is located in Grand Rapids, Michigan and, has a small student population. In 2019-2020, this school awarded 21 bachelors’s economics degrees to qualified students.
Calvin not only placed well in this ranking. It is also #6 on our “Best Economics Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Calvin University is $26,647 for michigan bachelor’s degree economics students with aid.
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%.
Hope College landed the #16 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking. Located in Holland, Michigan, this small private not-for-profit school awarded 15 diplomas to qualified bachelors’s economics students in 2019-2020.
As a testament to the quality of education offered at Hope, the school also landed the #3 spot in our “Best Economics Bachelor’s Degree Schools in Michigan” ranking. It costs about $26,562 for michigan bachelor’s degree economics students with aid per year to attend Hope College.
The student loan default rate at the school is 2.1%, 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.
Kalamazoo College landed the #17 spot on the 2022 Best Value Economics Schools for a Bachelor’s in Michigan For Those Getting Aid ranking. Kalamazoo, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 20 students in 2019-2020.
K College also made our “Best Economics Bachelor’s Degree Schools in Michigan” list, coming in at #4. It costs about $22,808 for michigan bachelor’s degree economics students with aid per year to attend K College.
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%.
- Best Value Bachelor’s Degree Colleges for Economics in the Great Lakes Region (With Aid)
- Best Value Bachelor’s Degree Colleges for Economics (With Aid)
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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.
Credits
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