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2022 Best Value Bachelor’s Degree Colleges for Economics in Maine

5 Ranked Colleges
248 Degrees Awarded
$19,800 Avg Net Price*
Best Value Economics Schools for a Bachelor's in Maine

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 for a Bachelor’s in Maine” 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 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.

For this year’s “Best Value Economics Schools for a Bachelor’s in Maine” ranking, we looked at 5 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.

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. See our ranking methodology to learn more.

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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 Maine”.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest 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 Maine

The colleges and universities below are the best for maine bachelor’s degree economics students.

Top 5 Best Value Bachelor’s Degree Colleges for Economics in Maine

#1

University of Maine

Orono, Maine
#4 in overall quality
$17,558 Average Net Price
$47,260 Average Early-Career Earnings

Out of the 5 schools in the Best Value Economics Schools for a Bachelor’s in Maine that were part of this year’s ranking, University of Maine landed the #1 spot on the list. University of Maine is a public institution located in Orono, Maine. The school has a fairly large population, and it awarded 26 bachelors’s degrees in 2019-2020.

As a testament to the quality of education offered at UMaine, the school also landed the #4 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. It costs about $17,558 for maine bachelor’s degree economics students per year to attend UMaine.

The student loan default rate at the school is 4.8%, which is quite low when compared to the national default rate of 10.1%.

Read more about Economics at University of Maine

#2

University of Southern Maine

Portland, Maine
#5 in overall quality
$12,339 Average Net Price
$43,426 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend University of Southern Maine. The school came in at #2 for the Best Value Economics Schools for a Bachelor’s in Maine. Located in Portland, Maine, this medium-sized public school handed out 19 degrees to qualified bachelors’s economics students in 2019-2020.

As a testament to the quality of education offered at University of Southern Maine, the school also landed the #5 spot in our “Best Economics Bachelor’s Degree Schools in Maine” ranking. The yearly cost to attend University of Southern Maine is $12,339 for maine bachelor’s degree economics students.

Full University of Southern Maine Economics Report

#3

Bowdoin College

Brunswick, Maine
#1 in overall quality
$21,910 Average Net Price
$63,997 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Bowdoin College. The school came in at #3 for the Best Value Economics Schools for a Bachelor’s in Maine. This small school is located in Brunswick, Maine, and it awarded 63 bachelors’s economics degrees in 2019-2020.

Bowdoin also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #1. The yearly cost to attend Bowdoin is $21,910 for maine bachelor’s degree economics students.

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 low student loan default rate of 1.4% 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%. Since the school has a student-to-faculty ratio of 8 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Read full report on Economics at Bowdoin College

#4

Bates College

Lewiston, Maine
#2 in overall quality
$29,321 Average Net Price
$63,749 Average Early-Career Earnings

You’ll be in good company if you decide to attend Bates College. It ranked #4 on our 2022 Best Value Economics Schools for a Bachelor’s in Maine list. Located in Lewiston, Maine, this small private not-for-profit school handed out 71 diplomas to qualified bachelors’s economics students in 2019-2020.

Bates not only placed well in this ranking. It is also #2 on our “Best Economics Bachelor’s Degree Schools in Maine” list. It costs about $29,321 for Maine Bachelor’s Degree Economics students per year to attend Bates College.

With a freshman retention rate of 90%, the school does an excellent job of retaining its students. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%. With a student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.

Read full report on Economics at Bates

#5

Colby College

Waterville, Maine
#3 in overall quality
$17,777 Average Net Price
$59,688 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Colby College. The school came in at #5 for the Best Value Economics Schools for a Bachelor’s in Maine. Colby College is a private not-for-profit institution located in Waterville, Maine. The school has a small population, and it awarded 69 bachelors’s degrees in 2019-2020.

Colby also made our “Best Economics Bachelor’s Degree Schools in Maine” list, coming in at #3. The estimated yearly cost for Colby is $17,777 for maine bachelor’s degree economics students.

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. Students who start out at the school are likely to stick around. The freshman retention rate is 91%. 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%.

Full Colby College 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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