2026 Best Value General Economics Schools in Illinois

[General Economics](/majors/social-sciences/economics/economics-general/) is a field worth comparing on the balance of cost and outcomes. A high-value program keeps cost low while graduates go on to earn well.
College Factual analyzed 31 schools to build this 2026 ranking of the best value general economics schools.
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2026 Best Value General Economics Schools in Illinois
If you want to know which schools deliver the best value for the general economics degrees they offer, see the list below.
Best Value General Economics Schools
University Of Illinois At Chicago earned the #1 spot for value among general economics schools in Illinois. University Of Illinois At Chicago is a very large public school located in the city of Chicago. The average in-state cost of tuition and fees is $15,949, while out-of-state students pay about $32,009. Typical student debt for general economics graduates is $19,002. Soon after graduation, general economics degree recipients from University Of Illinois At Chicago generally make around $37,767. That is a strong return on a $19,002 median debt. Roughly 77% of applicants are accepted.
Northern Illinois University is a great value for students pursuing a degree in general economics, landing the #2 spot this year. Set in the suburb of Dekalb, Northern Illinois University is a large public institution. In-state tuition and fees average $13,060. Students borrow a median of $25,879 to complete the general economics program here. General Economics graduates of Northern Illinois University earn a median of $45,386 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Roughly 70% of applicants are accepted.
A rank of #3 makes Western Illinois University one of the best values for general economics. Located in the town of Macomb, Western Illinois University is a moderately-sized public university. The average in-state cost of tuition and fees is $14,572. Typical student debt for general economics graduates is $27,639. Early-career general economics graduates make about $47,926. Set against $27,639 in median debt, that is a healthy payoff. Western Illinois University admits about 71% of applicants.
Students looking for strong value in general economics will find it at University Of Illinois At Urbana Champaign, which ranked #4. University Of Illinois At Urbana Champaign is a very large public school located in the city of Champaign. Students from in state pay about $18,267 in tuition and fees, compared with $40,096 for out-of-state students. Typical student debt for general economics graduates is $21,228. Early-career general economics graduates make about $58,921. Set against $21,228 in median debt, that is a healthy payoff. Roughly 42% of applicants are accepted.
Southern Illinois University Edwardsville is a great value for students pursuing a degree in general economics, landing the #5 spot this year. Located in the suburb of Edwardsville, Southern Illinois University Edwardsville is a large public university. The average in-state cost of tuition and fees is $12,092. Students borrow a median of $23,917 to complete the general economics program here. General Economics graduates of Southern Illinois University Edwardsville earn a median of $54,302 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Southern Illinois University Edwardsville admits about 98% of applicants.
University Of Chicago earned the #6 position for value in general economics this year. Set in the city of Chicago, University Of Chicago is a very large private not-for-profit institution. The average in-state cost of tuition and fees is $69,324. Typical student debt for general economics graduates is $13,197. Early-career general economics graduates make about $92,075. That is a strong return on a $13,197 median debt. The acceptance rate is 4%.
Southern Illinois University Carbondale ranked #7 on our 2026 list of the best value general economics schools. Located in the town of Carbondale, Southern Illinois University Carbondale is a large public university. Expect in-state tuition and fees of around $13,334. Students borrow a median of $25,049 to complete the general economics program here. Early-career general economics graduates make about $37,798. That is a strong return on a $25,049 median debt. The acceptance rate is 87%.
Illinois State University landed the #8 spot for general economics value this year. Illinois State University is a very large public school located in the suburb of Normal. The average in-state cost of tuition and fees is $14,410, while out-of-state students pay about $26,058. Typical student debt for general economics graduates is $25,000. Early-career general economics graduates make about $44,015. That is a strong return on a $25,000 median debt. Illinois State University admits about 88% of applicants.
Olivet Nazarene University earned the #9 position for value in general economics this year. Set in the suburb of Bourbonnais, Olivet Nazarene University is a mid-sized private not-for-profit institution. In-state tuition and fees average $38,900. Typical student debt for general economics graduates is $27,000. General Economics graduates of Olivet Nazarene University earn a median of $54,169 early in their careers. Set against $27,000 in median debt, that is a healthy payoff. Roughly 56% of applicants are accepted.
Northwestern University landed the #10 spot for general economics value this year. Northwestern University is a very large private not-for-profit school located in the city of Evanston. The average in-state cost of tuition and fees is $68,322. Typical student debt for general economics graduates is $16,227. Early-career general economics graduates make about $84,932. Weighed against typical debt, the earnings make a compelling case for value. Roughly 8% of applicants are accepted.
Depaul University ranked #11 on our 2026 list of the best value general economics schools. Set in the city of Chicago, Depaul University is a very large private not-for-profit institution. The average in-state cost of tuition and fees is $45,405. Typical student debt for general economics graduates is $22,433. Soon after graduation, general economics degree recipients from Depaul University generally make around $53,417. Weighed against typical debt, the earnings make a compelling case for value. Depaul University admits about 76% of applicants.
Loyola University Chicago came in at #12 for value in general economics this year. Located in the city of Chicago, Loyola University Chicago is a large private not-for-profit university. Expect in-state tuition and fees of around $53,710. Typical student debt for general economics graduates is $23,521. General Economics graduates of Loyola University Chicago earn a median of $58,568 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 82%.
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Notes and References
This ranking is produced by College Factual (MF_RANKING_2025), 2026 edition. Schools are scored on the balance of cost (tuition and student debt) against student outcomes (post-graduation earnings) — a measure of return on investment, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 31 schools evaluated.
*Averages shown above reflect the top 12 ranked schools only.
- 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).
More about our data sources and methodologies.