2022 Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid
When pursuing a degree in today’s world, students have many different options to choose from. 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 for a Bachelor’s in Maine For Those Getting Aid” 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 Maine, there were 256 economics graduates with average earnings and debt of $61,300 and $19,397 respectively. At the bachelor’s degree level specifically, there were 248 economics graduates with average earnings and debt of $40,256 and $26,111 respectively.
This year’s “Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid” 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. Check out our ranking methodology for more information.
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When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid” list to help you make the college decision.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid
The following schools top our list of the Best Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid.
Top 5 Best Value Bachelor’s Degree Colleges for Economics in Maine (With Aid)
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid that were part of this year’s ranking, Colby College landed the #1 spot on the list. Colby College is a small school located in Waterville, Maine that handed out 69 bachelors’s economics degrees in 2019-2020.
As a testament to the quality of education offered at Colby, the school also landed the #3 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for Colby College is $17,777 for maine bachelor’s degree economics students with aid.
With a freshman retention rate of 91%, the school does an excellent job of retaining its students. 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%. The impressive 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.
You’ll join some of the best and brightest minds around if you attend Bowdoin College. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid. This small school is located in Brunswick, Maine, and it awarded 63 bachelors’s economics degrees in 2019-2020.
Bowdoin also took the #1 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The yearly cost to attend Bowdoin is $21,910 for Maine Bachelor’s Degree Economics students with aid.
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 impressive student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The school has an impressive student loan default rate. It’s only 1.4%, which is much lower than the national rate of 10.1%.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid that were part of this year’s ranking, University of Southern Maine landed the #3 spot on the list. Located in Portland, Maine, this medium-sized public school handed out 19 diplomas to qualified bachelors’s economics students in 2019-2020.
University of Southern Maine also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #5. The estimated yearly cost for University of Southern Maine is $12,339 for Maine Bachelor’s Degree Economics students with aid.
Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid that were part of this year’s ranking, Bates College landed the #4 spot on the list. Lewiston, Maine is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s economics degrees to 71 students in 2019-2020.
In addition to being on our maine bachelor’s degree economics students with aid list, Bates has also earned the #2 rank in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for Bates College is $29,321 for Maine Bachelor’s Degree Economics students with aid.
The low student loan default rate of 0.8% 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 freshman retention rate of 90%, the school does an excellent job of retaining its students. The student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
You’ll join some of the best and brightest minds around if you attend University of Maine. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Maine For Those Getting Aid. University of Maine is a fairly large public school situated in Orono, Maine. It awarded 26 bachelors’s economics degrees in 2019-2020.
UMaine also took the #4 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The estimated yearly cost for UMaine is $17,558 for maine bachelor’s degree economics students with aid.
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%.
- Best Value Bachelor’s Degree Colleges for Economics in the New England 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.
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- Credit for the banner image above goes to pixabay.
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