by our College Data Analytics Team
With all of the options students have for higher education today, it can be tough to choose which direction to take. One of our goals at College Factual is to give you as much information as we can - such as our “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan” ranking - to help you make that decision.
Economics is the 19th most popular major in the country with 49,055 degrees awarded in 2020-2021. In 2019-2020, economics graduates who were awarded their degree in 2017-2019, earned an average of $48,736 and had an average of $22,046 in loans still to pay off.
Across Michigan, there were 1,496 economics graduates with average earnings and debt of $41,966 and $24,368 respectively. At the bachelor’s degree level specifically, there were 1,262 economics graduates with average earnings and debt of $41,004 and $27,379 respectively.
For this year’s “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan” ranking, we looked at 21 colleges that offer a degree in economics. The colleges and universities that top this list are recognized because their economics program is one of the largest majors offered at the school.
For more information, check out our ranking methodology.
Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Schools for a Bachelor’s Highly Focused on Economics Major in Michigan” ranking, along with many other major-related rankings, to help you make that decision.
In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. 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.
The colleges and universities below are the best for michigan bachelor’s degree economics students.
You’ll join some of the best and brightest minds around if you attend Albion College. The school came in at #1 for the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan. Located in Albion, Michigan, this small private not-for-profit school handed out 34 diplomas to qualified bachelors’s economics students in 2020-2021.
Out of the 21 schools in the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan that were part of this year’s ranking, Hillsdale College landed the #2 spot on the list. Located in Hillsdale, Michigan, this small private not-for-profit school awarded 34 degrees to qualified bachelors’s economics students in 2020-2021.
You’ll be in good company if you decide to attend Kalamazoo College. It ranked #3 on our 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. 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 21 students in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%.
Out of the 21 schools in the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #4 spot on the list. U-M is a public institution located in Ann Arbor, Michigan. The school has a large population, and it awarded 618 bachelors’s degrees in 2020-2021.
The school has an excellent freshman retention rate of 96%, which means students like the school well enough to return for a second year. The low undergrad student loan default rate of 1.3% 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%.
Read full report on Economics at University of Michigan - Ann Arbor
Out of the 21 schools in the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan that were part of this year’s ranking, Michigan State University landed the #5 spot on the list. This large school is located in East Lansing, Michigan, and it awarded 343 bachelors’s economics degrees in 2020-2021.
With a freshman retention rate of 91%, the school does an excellent job of retaining its undergraduate students. The undergrad student loan default rate at the school is 2.6%, which is quite low when compared to the national default rate of 10.1%.
Calvin University did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #6. Calvin is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 24 bachelors’s degrees in 2020-2021.
With a freshman retention rate of 87%, the school does an excellent job of retaining its undergraduate students. The low undergrad 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%.
With a ranking of #7, University of Michigan - Dearborn did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. University of Michigan - Dearborn is a medium-sized school located in Dearborn, Michigan that handed out 23 bachelors’s economics degrees in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 3.7%, which is much lower than the national rate of 10.1%.
Northern Michigan University came in at #8 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Marquette, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s economics degrees to 15 students in 2020-2021.
Hope College landed the #9 spot on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. This small school is located in Holland, Michigan, and it awarded 6 bachelors’s economics degrees in 2020-2021.
The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year. The school has an impressive undergrad student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%.
University of Detroit Mercy did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #10. University of Detroit Mercy is located in Detroit, Michigan and, has a medium-sized student population. In 2020-2021, this school awarded 10 bachelors’s economics degrees to qualified students.
With a freshman retention rate of 86%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 3.5%, which is much lower than the national rate of 10.1%.
Wayne State University came in at #11 in this year’s edition of the Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking. Located in Detroit, Michigan, this large public school awarded 39 diplomas to qualified bachelors’s economics students in 2020-2021.
With a ranking of #12, Alma College did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Alma College is located in Alma, Michigan and, has a small student population. In 2020-2021, this school awarded 2 bachelors’s economics degrees to qualified students.
The low undergrad student loan default rate of 3.4% 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%.
Eastern Michigan University did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #13. Eastern Michigan is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 23 bachelors’s degrees in 2020-2021.
With a ranking of #14, University of Michigan - Flint did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This medium-sized school is located in Flint, Michigan, and it awarded 8 bachelors’s economics degrees in 2020-2021.
Western Michigan University ranked #15 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. This fairly large school is located in Kalamazoo, Michigan, and it awarded 19 bachelors’s economics degrees in 2020-2021.
With a ranking of #16, Grand Valley State University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Located in Allendale, Michigan, this large public school handed out 20 degrees to qualified bachelors’s economics students in 2020-2021.
The undergrad student loan default rate at the school is 2.7%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Grand Valley State University
With a ranking of #17, Michigan Technological University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Michigan Tech is a medium-sized public school situated in Houghton, Michigan. It awarded 5 bachelors’s economics degrees in 2020-2021.
With a freshman retention rate of 86%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 1.9%, which is much lower than the national rate of 10.1%.
Read full report on Economics at Michigan Technological University
Oakland University did quite well in the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan ranking, coming in at #18. This fairly large school is located in Rochester Hills, Michigan, and it awarded 11 bachelors’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 3.6% 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%.
Cornerstone University ranked #19 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Cornerstone University is a small private not-for-profit school situated in Grand Rapids, Michigan. It awarded 1 bachelors’s economics degrees in 2020-2021.
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 undergrad student loan default rate at the school is 4.3%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #20, Central Michigan University did quite well on the 2023 Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Central Michigan is a fairly large public school situated in Mount Pleasant, Michigan. It awarded 6 bachelors’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 4.8% 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%.
Aquinas College Michigan ranked #21 on this year’s Schools for a Bachelor’s Highly Focused on Economics Major in Michigan list. Aquinas College Michigan is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 0 bachelors’s degrees in 2020-2021.
The low undergrad student loan default rate of 4.1% 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 our data sources and methodologies
