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2022 Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid

6 Ranked Colleges
95 Degrees Awarded
$36,500 Avg Grad Tuition & Fees*
Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid

It’s not easy to decide which college to attend when there so many options available for students. 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 Doctorate in Illinois For Those Getting Aid” ranking.

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 Illinois, there were 2,106 economics graduates with average earnings and debt of $49,350 and $22,044 respectively. At the doctor’s degree level specifically, there were 95 economics graduates with average earnings and debt of $75,900 and $148,219 respectively.

This year’s “Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid” ranking looked at 6 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.

Some of the factors we look at when determining these rankings are overall quality of the economics program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.

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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid” list, to help you choose the best school for you.

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. 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 Doctorate in Illinois For Those Getting Aid

The following schools top our list of the Best Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid.

Top 6 Best Value Doctor’s Degree Colleges for Economics in Illinois (With Aid)

#1

University of Illinois at Urbana-Champaign

Champaign, Illinois
#3 in overall quality
$30,083 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #1 on our 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid list. University of Illinois at Urbana-Champaign is a large public school situated in Champaign, Illinois. It awarded 15 doctorate’s economics degrees in 2019-2020.

UIUC did well in our major quality rankings, too. It placed #3 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at UIUC are $30,083, but you may pay more or less depending on your major.

Read full report on Economics at University of Illinois at Urbana-Champaign

#2

University of Illinois at Chicago

Chicago, Illinois
#4 in overall quality
$27,036 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Illinois at Chicago. It ranked #2 on our 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid list. University of Illinois at Chicago is a large school located in Chicago, Illinois that handed out 15 doctorate’s economics degrees in 2019-2020.

UIC did well in our major quality rankings, too. It placed #4 on our “Best Economics Doctor’s Degree Schools in Illinois” list. Average graduate tuition and fees at UIC are $27,036, but some majors have different tuition rates.

Full UIC Economics Report

#3

Northwestern University

Evanston, Illinois
#1 in overall quality
$56,567 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Northwestern University. The school came in at #3 for the Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid. Located in Evanston, Illinois, this large private not-for-profit school awarded 20 diplomas to qualified doctorate’s economics students in 2019-2020.

As a testament to the quality of education offered at Northwestern, the school also landed the #1 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at Northwestern University are $56,567, but you may pay more or less depending on your major.

Read full report on Economics at Northwestern University

#4

Northern Illinois University

Dekalb, Illinois
#6 in overall quality
$11,086 Avg Grad Tuition & Fees

Out of the 6 schools in the Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid that were part of this year’s ranking, Northern Illinois University landed the #4 spot on the list. Located in Dekalb, Illinois, this fairly large public school awarded 2 degrees to qualified doctorate’s economics students in 2019-2020.

NIU also made our “Best Economics Doctor’s Degree Schools in Illinois” list, coming in at #6. Average graduate tuition and fees at Northern Illinois University are $11,086, but you may pay more or less depending on your major.

Read more about Economics at NIU

#5

Southern Illinois University Carbondale

Carbondale, Illinois
#5 in overall quality
$32,928 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Southern Illinois University Carbondale. The school came in at #5 for the Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid. This fairly large school is located in Carbondale, Illinois, and it awarded 6 doctorate’s economics degrees in 2019-2020.

SIUC also took the #5 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Southern Illinois University Carbondale are $32,928.

Read more about Economics at Southern Illinois University Carbondale

#6

University of Chicago

Chicago, Illinois
#2 in overall quality
$61,548 Avg Grad Tuition & Fees

University of Chicago landed the #6 spot on the 2022 Best Value Economics Schools for a Doctorate in Illinois For Those Getting Aid ranking. University of Chicago is a fairly large school located in Chicago, Illinois that handed out 37 doctorate’s economics degrees in 2019-2020.

UChicago also took the #2 spot in our “Best Economics Doctor’s Degree Schools in Illinois” ranking. Average graduate tuition and fees at UChicago are $61,548, but you may pay more or less depending on your major.

Full UChicago Economics Report

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

  • Credit for the banner image above goes to pixabay.

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