2023 Most Focused Colleges for Economics in the Great Lakes Region
151
Ranked Colleges
$33,100
Avg Cost*
When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Schools Highly Focused on Economics Major in the Great Lakes Region” ranking is one tool we have developed to help in this regard.
In 2021-2022, 47,809 people earned their degree in economics, making the major the 19th most popular in the United States. In , economics graduates who were awarded their degree in , earned an average of $48,722 and had an average of $21,489 in loans still to pay off.
Across the Great Lakes region, there were 6,646 economics graduates with average earnings and debt of $48,027 and $22,451 respectively.
This year’s “Schools Highly Focused on Economics Major in the Great Lakes Region” ranking looked at 151 colleges that offer degrees in a bachelor’s in economics. This a ranking of the schools where the largest percentage of students has enrolled in economics.
See our ranking methodology to learn more.
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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Schools Highly Focused on Economics Major in the Great Lakes Region” ranking, along with many other major-related rankings, to help you make that 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. 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.
Schools Highly Focused on Economics Major in the Great Lakes Region
The colleges and universities below are the best for great lakes region economics students.
Top 25 Most Focused Colleges for Economics in the Great Lakes Region
Out of the 151 schools in the Schools Highly Focused on Economics Major in the Great Lakes Region that were part of this year’s ranking, DePauw University landed the #1 spot on the list. Located in Greencastle, Indiana, this small private not-for-profit school handed out 61 diplomas to qualified ’s economics students in 2021-2022.
With a freshman retention rate of 88%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.9% 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 undergrad student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Read full report on Economics at DePauw University
You’ll join some of the best and brightest minds around if you attend Denison University. The school came in at #2 for the Schools Highly Focused on Economics Major in the Great Lakes Region. Granville, Ohio is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 77 students in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. The impressive undergraduate student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The low undergrad student loan default rate of 0.6% 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%.
Full Denison University Economics Report
You’ll join some of the best and brightest minds around if you attend Wabash College. The school came in at #3 for the Schools Highly Focused on Economics Major in the Great Lakes Region. Wabash College is a private not-for-profit institution located in Crawfordsville, Indiana. The school has a small population, and it awarded 23 ’s degrees in 2021-2022.
The undergraduate student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. With a freshman retention rate of 85%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 1.0% 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 Wabash College
You’ll join some of the best and brightest minds around if you attend Albion College. The school came in at #4 for the Schools Highly Focused on Economics Major in the Great Lakes Region. Located in Albion, Michigan, this small private not-for-profit school handed out 13 diplomas to qualified ’s economics students in 2021-2022.
The low undergrad student loan default rate of 1.9% 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%.
Full Albion Economics Report
You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #5 for the Schools Highly Focused on Economics Major in the Great Lakes Region. University of Chicago is a private not-for-profit institution located in Chicago, Illinois. The school has a fairly large population, and it awarded 777 ’s degrees in 2021-2022.
The low undergrad student loan default rate of 0.5% 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%. The undergraduate student-to-faculty ratio of 5 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. Students who start out at the school are likely to stick around. The freshman retention rate is 99%.
Read more about Economics at University of Chicago
Hillsdale College ranked #6 on this year’s Schools Highly Focused on Economics Major in the Great Lakes Region list. This small school is located in Hillsdale, Michigan, and it awarded 45 ’s economics degrees in 2021-2022.
Since the school has a undergrad student-to-faculty ratio of 8 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 94%.
Read more about Economics at Hillsdale College
With a ranking of #7, Principia College did quite well on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region list. Principia is a small school located in Elsah, Illinois that handed out 5 ’s economics degrees in 2021-2022.
The impressive undergraduate student-to-faculty ratio of 5 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Full Principia Economics Report
Kenyon College did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #8. Kenyon is located in Gambier, Ohio and, has a small student population. In 2021-2022, this school awarded 61 ’s economics degrees to qualified students.
The school has an impressive undergrad student loan default rate. It’s only 0.5%, which is much lower than the national rate of 10.1%. Since the school has a undergrad student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors. With a freshman retention rate of 91%, the school does an excellent job of retaining its undergraduate students.
Full Kenyon College Economics Report
Lake Forest College came in at #9 in this year’s edition of the Schools Highly Focused on Economics Major in the Great Lakes Region ranking. Lake Forest College is a small private not-for-profit school situated in Lake Forest, Illinois. It awarded 36 ’s economics degrees in 2021-2022.
With a freshman retention rate of 87%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 1.0%, which is much lower than the national rate of 10.1%.
Full Lake Forest College Economics Report
Knox College did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #10. Knox is a private not-for-profit institution located in Galesburg, Illinois. The school has a small population, and it awarded 18 ’s degrees in 2021-2022.
The low undergrad student loan default rate of 2.0% 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%.
Full Knox College Economics Report
Lawrence University landed the #11 spot on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking. Located in Appleton, Wisconsin, this small private not-for-profit school handed out 28 diplomas to qualified ’s economics students in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 0.3%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year. The undergraduate student-to-faculty ratio of 8 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Read full report on Economics at Lawrence U
University of Notre Dame did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #12. University of Notre Dame is located in Notre Dame, Indiana and, has a fairly large student population. In 2021-2022, this school awarded 252 ’s economics degrees to qualified students.
The school has an impressive undergrad student loan default rate. It’s only 0.2%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 98%. The impressive undergraduate student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Read full report on Economics at Notre Dame
Monmouth College landed the #13 spot on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking. This small school is located in Monmouth, Illinois, and it awarded 15 ’s economics degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 0.5%, which is much lower than the national rate of 10.1%. The impressive undergraduate student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Full Monmouth Economics Report
Ripon College did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #14. Ripon is a small private not-for-profit school situated in Ripon, Wisconsin. It awarded 1 ’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 2.2% 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%.
Full Ripon Economics Report
University of Wisconsin - Madison ranked #15 on this year’s Schools Highly Focused on Economics Major in the Great Lakes Region list. University of Wisconsin - Madison is a public institution located in Madison, Wisconsin. The school has a large population, and it awarded 714 ’s degrees in 2021-2022.
With a freshman retention rate of 95%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.2% 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%.
Read more about Economics at University of Wisconsin - Madison
Beloit College did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #16. Located in Beloit, Wisconsin, this small private not-for-profit school handed out 12 degrees to qualified ’s economics students in 2021-2022.
Students who start out at the school are likely to stick around. The freshman retention rate is 88%. The undergrad student loan default rate at the school is 2.0%, which is quite low when compared to the national default rate of 10.1%. The impressive undergraduate 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.
Read more about Economics at Beloit
University of Michigan - Ann Arbor ranked #17 on this year’s Schools Highly Focused on Economics Major in the Great Lakes Region list. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 690 ’s economics degrees in 2021-2022.
With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students. The low undergrad student loan default rate of 0.2% 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%.
Read full report on Economics at U-M
With a ranking of #18, Oberlin College did quite well on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region list. This small school is located in Oberlin, Ohio, and it awarded 54 ’s economics degrees in 2021-2022.
With a freshman retention rate of 91%, the school does an excellent job of retaining its undergraduate students. The impressive undergraduate student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. The undergrad student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at Oberlin College
Northwestern University came in at #19 in this year’s edition of the Schools Highly Focused on Economics Major in the Great Lakes Region ranking. This large school is located in Evanston, Illinois, and it awarded 421 ’s economics degrees in 2021-2022.
The school has an excellent freshman retention rate of 99%, which means students like the school well enough to return for a second year. The impressive undergraduate student-to-faculty ratio of 6 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 undergrad student loan default rate. It’s only 0.1%, which is much lower than the national rate of 10.1%.
Read full report on Economics at Northwestern University
Kalamazoo College did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #20. K College is a small private not-for-profit school situated in Kalamazoo, Michigan. It awarded 20 ’s economics degrees in 2021-2022.
The impressive undergraduate 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. The school has an excellent freshman retention rate of 85%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 0.3%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Economics at K College
Wheaton College Illinois landed the #21 spot on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking. This small school is located in Wheaton, Illinois, and it awarded 40 ’s economics degrees in 2021-2022.
The school has an excellent freshman retention rate of 89%, which means students like the school well enough to return for a second year.
Full Wheaton College Illinois Economics Report
Hanover College did quite well in the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region ranking, coming in at #22. Hanover is a small private not-for-profit school situated in Hanover, Indiana. It awarded 10 ’s economics degrees in 2021-2022.
The low undergrad student loan default rate of 2.5% 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 Hanover
With a ranking of #23, University of Illinois at Urbana-Champaign did quite well on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region list. UIUC is located in Champaign, Illinois and, has a large student population. In 2021-2022, this school awarded 495 ’s economics degrees to qualified students.
The school has an impressive undergrad student loan default rate. It’s only 0.6%, which is much lower than the national rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.
Full University of Illinois at Urbana-Champaign Economics Report
Illinois College came in at #24 in this year’s edition of the Schools Highly Focused on Economics Major in the Great Lakes Region ranking. Illinois College is a small private not-for-profit school situated in Jacksonville, Illinois. It awarded 14 ’s economics degrees in 2021-2022.
The school has an impressive undergrad student loan default rate. It’s only 2.1%, which is much lower than the national rate of 10.1%.
Full Illinois College Economics Report
With a ranking of #25, Michigan State University did quite well on the 2023 Schools Highly Focused on Economics Major in the Great Lakes Region list. Michigan State University is located in East Lansing, Michigan and, has a large student population. In 2021-2022, this school awarded 312 ’s economics degrees to qualified students.
With a freshman retention rate of 92%, the school does an excellent job of retaining its undergraduate students. The low undergrad 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%.
Full Michigan State Economics Report
