by our College Data Analytics Team
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 Michigan” ranking is one tool we have developed to help in this regard.
In 2020-2021, 49,055 people earned their degree in economics, making the major the 19th most popular in the United States. 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.
This year’s “Schools Highly Focused on Economics Major in Michigan” ranking analyzed 25 colleges that offered a degree in economics. That schools that top this list have a program in economics in which the largest percentage of students at the school are enrolled.
See our ranking methodology to learn more.
Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Schools Highly Focused on Economics Major in Michigan” list, to help you choose the best school for you.
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. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.
The following schools top our list of the Best “Schools Highly Focused on Economics Major in Michigan”.
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 Highly Focused on Economics Major in Michigan. Located in Albion, Michigan, this small private not-for-profit school handed out 34 diplomas to qualified ’s economics students in 2020-2021.
You’ll be in good company if you decide to attend Hillsdale College. It ranked #2 on our 2023 Schools Highly Focused on Economics Major in Michigan list. This small school is located in Hillsdale, Michigan, and it awarded 34 ’s economics degrees in 2020-2021.
Out of the 25 schools in the Schools Highly Focused on Economics Major in Michigan that were part of this year’s ranking, University of Michigan - Ann Arbor landed the #3 spot on the list. Ann Arbor, Michigan is the setting for this large institution of higher learning. The public school handed out ’s economics degrees to 728 students in 2020-2021.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 96%.
Out of the 25 schools in the Schools Highly Focused on Economics Major in Michigan that were part of this year’s ranking, Kalamazoo College landed the #4 spot on the list. K College is a private not-for-profit institution located in Kalamazoo, Michigan. The school has a small population, and it awarded 21 ’s degrees in 2020-2021.
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%.
You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #5 for the Schools Highly Focused on Economics Major in Michigan. Michigan State University is a large school located in East Lansing, Michigan that handed out 379 ’s economics degrees in 2020-2021.
Students who start out at the school are likely to stick around. The freshman retention rate is 91%. The low undergrad student loan default rate of 2.6% 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%.
Calvin University ranked #6 on this year’s Schools Highly Focused on Economics Major in Michigan list. Located in Grand Rapids, Michigan, this small private not-for-profit school handed out 24 diplomas to qualified ’s economics students in 2020-2021.
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%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
Andrews University landed the #7 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. Berrien Springs, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 17 students in 2020-2021.
The low undergrad student loan default rate of 3.5% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 85%. The undergraduate 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.
University of Detroit Mercy landed the #8 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. This medium-sized school is located in Detroit, Michigan, and it awarded 28 ’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 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%.
University of Michigan - Dearborn came in at #9 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. UM Dearborn is a medium-sized public school situated in Dearborn, Michigan. It awarded 23 ’s economics degrees in 2020-2021.
The low undergrad student loan default rate of 3.7% 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%.
Northern Michigan University ranked #10 on this year’s Schools Highly Focused on Economics Major in Michigan list. Northern Michigan University is a public institution located in Marquette, Michigan. The school has a medium-sized population, and it awarded 15 ’s degrees in 2020-2021.
Eastern Michigan University ranked #11 on this year’s Schools Highly Focused on Economics Major in Michigan list. Eastern Michigan University is a fairly large school located in Ypsilanti, Michigan that handed out 33 ’s economics degrees in 2020-2021.
With a ranking of #12, Hope College did quite well on the 2023 Schools Highly Focused on Economics Major in Michigan list. Holland, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s economics degrees to 6 students in 2020-2021.
Students who start out at the school are likely to stick around. The freshman retention rate is 87%. 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%.
Wayne State University landed the #13 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. This large school is located in Detroit, Michigan, and it awarded 53 ’s economics degrees in 2020-2021.
With a ranking of #14, Western Michigan University did quite well on the 2023 Schools Highly Focused on Economics Major in Michigan list. WMU is located in Kalamazoo, Michigan and, has a fairly large student population. In 2020-2021, this school awarded 32 ’s economics degrees to qualified students.
Alma College did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #15. Located in Alma, Michigan, this small private not-for-profit school handed out 2 diplomas to qualified ’s economics students in 2020-2021.
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%.
University of Michigan - Flint came in at #16 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. UM Flint is a public institution located in Flint, Michigan. The school has a medium-sized population, and it awarded 8 ’s degrees in 2020-2021.
Michigan Technological University landed the #17 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. Michigan Technological University is a medium-sized public school situated in Houghton, Michigan. It awarded 6 ’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 undergrad student loan default rate at the school is 1.9%, which is quite low when compared to the national default rate of 10.1%.
Central Michigan University did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #18. Central Michigan University is a fairly large public school situated in Mount Pleasant, Michigan. It awarded 18 ’s economics degrees in 2020-2021.
The school has an impressive undergrad student loan default rate. It’s only 4.8%, which is much lower than the national rate of 10.1%.
Grand Valley State University landed the #19 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. Grand Valley State University is a large public school situated in Allendale, Michigan. It awarded 20 ’s economics degrees 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
Oakland University did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #20. Located in Rochester Hills, Michigan, this fairly large public school awarded 11 degrees to qualified ’s economics students in 2020-2021.
The undergrad student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%.
Cornerstone University came in at #21 in this year’s edition of the Schools Highly Focused on Economics Major in Michigan ranking. Cornerstone University is a small school located in Grand Rapids, Michigan that handed out 1 ’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 low undergrad student loan default rate of 4.3% 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%.
Lansing Community College landed the #22 spot on the 2023 Schools Highly Focused on Economics Major in Michigan ranking. LCC is located in Lansing, Michigan and, has a fairly large student population. In 2020-2021, this school awarded 3 ’s economics degrees to qualified students.
Northwestern Michigan College did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #23. Traverse City, Michigan is the setting for this small institution of higher learning. The public school handed out ’s economics degrees to 0 students in 2020-2021.
Alpena Community College did quite well in the 2023 Schools Highly Focused on Economics Major in Michigan ranking, coming in at #23. Alpena Community College is a public institution located in Alpena, Michigan. The school has a small population, and it awarded 0 ’s degrees in 2020-2021.
Aquinas College Michigan ranked #23 on this year’s Schools Highly Focused on Economics Major in Michigan list. Aquinas College Michigan is a small school located in Grand Rapids, Michigan that handed out 0 ’s economics 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
