Analysis
Based on comparable mathematics programs across Indiana, Ball State appears positioned in the middle of the state's range—similar programs suggest first-year earnings around $59,000 against roughly $22,000 in debt. That 0.37 debt-to-earnings ratio is manageable, and the estimated debt sits right at the national median for math bachelor's degrees. Indiana's math programs generally outperform the national benchmark ($59,000 versus $49,000 nationally), though the state's flagships like Notre Dame and Rose-Hulman pull significantly higher numbers for their graduates.
The challenge here is that we're working entirely with estimates derived from peer programs, since Ball State's own math cohort is too small for the Department of Education to report publicly. The $59,000 figure comes from averaging seven Indiana math programs, and the debt estimate comes from five similar institutions. Ball State could reasonably perform better or worse than these benchmarks—a 72% admission rate and mid-range SAT scores suggest a solid regional university, but don't tell us how their specific math curriculum and employer connections stack up.
For parents, the estimated numbers suggest reasonable value if they hold true, but you're essentially betting on Ball State tracking with state averages rather than having concrete data on where their math graduates actually land. If proximity to home and Ball State's teaching focus matter to your family, the risk may be acceptable. If you're chasing maximum earnings potential, programs with reported outcomes like IU-Bloomington or Purdue offer more certainty about what you're paying for.
Where Ball State University Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Indiana
Mathematics bachelors's programs at peer institutions in Indiana (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,758 | $58,764* | — | $22,000* | — | |
| $56,674 | $85,977* | $96,973 | $25,000* | 0.29 | |
| $62,693 | $65,302* | $87,725 | $19,000* | 0.29 | |
| $11,790 | $59,277* | $74,190 | $22,000* | 0.37 | |
| $8,179 | $58,764* | $55,844 | $22,388* | 0.38 | |
| $9,992 | $49,387* | — | $18,820* | 0.38 | |
| National Median | — | $48,772* | — | $21,500* | 0.44 |
Career Paths
Occupations commonly associated with mathematics graduates
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Mathematicians
Statisticians
Biostatisticians
Mathematical Science Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
Mathematical Science Occupations, All Other
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Ball State University, approximately 34% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 7 similar programs in IN. Actual outcomes may vary.