Analysis
Based on comparable mathematics programs across Illinois, Monmouth College's outcomes look reasonable—an estimated $52,597 in first-year earnings aligns with the state median and exceeds the national benchmark of $48,772. More importantly, the estimated $17,084 in debt sits well below both state and national medians, creating a debt-to-earnings ratio of 0.32 that suggests graduates could manage repayment on about a third of their first-year income.
The challenge here is uncertainty. With such a small graduating class that the Department of Education couldn't publish actual outcomes, it's hard to know whether Monmouth's math graduates truly mirror the broader Illinois picture or diverge in meaningful ways. The school's 87% admission rate and middle-of-the-road SAT scores suggest it's not competing directly with Northwestern or University of Chicago, where math graduates earn substantially more. But the lower estimated debt burden could offset any earnings gap, particularly if your student values the smaller environment that comes with programs of this size.
For families considering this program, the estimated numbers point to workable economics—manageable debt for a STEM degree with solid earning potential. However, you're making this decision with limited visibility into Monmouth's specific track record. If math is the firm choice, compare the actual classroom experience, faculty connections, and graduate school placement rates against larger Illinois programs where you'd have more outcome certainty, even if the debt load might be higher.
Where Monmouth 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 |
|---|---|---|---|---|---|
| $43,520 | $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 Monmouth College, approximately 31% 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.