Analysis
Is a mathematics degree worth the investment when the financial picture depends entirely on estimates? For Illinois College, the numbers from similar Illinois programs suggest first-year earnings around $52,600—right at the state median—with debt around $17,100, creating a manageable 0.32 debt-to-earnings ratio. That's roughly one-third of a year's salary, which positions the program favorably compared to the $21,500 national debt median for math degrees.
The challenge here is that we're working entirely from peer data, not actual outcomes from Illinois College graduates. The state's math programs show enormous variability—from Chicago's six-figure earners down to programs in the low $50,000s—and there's no way to know where this specific program actually falls within that range. The estimated debt figure is particularly uncertain, derived from just four comparable Illinois schools. Small liberal arts colleges can vary dramatically in their financial aid models and student borrowing patterns.
What you're really evaluating is whether a math degree from a regional liberal arts college is worth roughly $17,000 in debt. If the earnings estimates hold, that's manageable debt that shouldn't overwhelm early-career budgets. But you're betting on a program with no track record you can verify. Contact the career services office directly and ask where recent math graduates actually landed—specific employers, graduate schools, and starting positions matter more than statewide averages when the data doesn't exist for this particular program.
Where Illinois College Stands
Earnings vs. debt across all mathematics bachelors's programs nationally
Compare to Similar Programs in Illinois
Mathematics bachelors's programs at peer institutions in Illinois (48 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $37,470 | $52,597* | — | $17,084* | — | |
| $66,939 | $100,421* | $107,611 | $12,000* | 0.12 | |
| $65,997 | $79,530* | $85,521 | $12,418* | 0.16 | |
| $44,460 | $55,586* | $75,420 | $26,154* | 0.47 | |
| $16,021 | $52,597* | $56,681 | $20,309* | 0.39 | |
| $34,070 | $51,157* | $51,631 | $21,750* | 0.43 | |
| 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 Illinois College, approximately 35% 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 IL. Actual outcomes may vary.