Mathematics and Statistics at Monmouth College

In Illinois, where only two schools offer bachelor's degrees in Mathematics and Statistics, Monmouth College's program represents a substantial portion of available options—though small graduate cohorts mean we're working with estimates from national peer programs. Those comparable programs suggest first-year earnings around $59,000 with debt near $21,250, producing a manageable 0.36 debt-to-earnings ratio that's well within healthy territory for a quantitative field.

The math matters here: at roughly $240 in monthly loan payments on a standard 10-year plan, graduates would be allocating about 6% of their gross income to debt service—a figure most financial advisors consider comfortable. Mathematics and statistics degrees typically offer strong job market versatility, from data analysis to actuarial work, and the national benchmark of $59,000 suggests decent starting prospects. The uncertainty lies in whether Monmouth's specific outcomes match these peer program estimates, particularly given the college's 87% admission rate and mid-range test scores.

For families considering this program, the estimated debt burden appears reasonable if those earnings materialize. The risk is that Monmouth's actual outcomes could differ from the national median used here—they might be better or worse. Before committing, request placement data directly from Monmouth's math department: where recent graduates landed jobs, what they're earning, and how quickly they secured positions. Those specifics will tell you more than these peer-based estimates can.