Analysis
A mathematics degree from Olivet Nazarene looks like a solid financial proposition based on what similar Illinois programs produce. With estimated first-year earnings around $52,600 against roughly $17,000 in debt, graduates would face manageable monthly payments—about $190 on a standard 10-year plan, consuming just 4% of gross income. That's well below the danger zone where loan payments strain budgets. The earnings figure aligns closely with the state median for math programs, putting Olivet's outcomes in the middle of Illinois's competitive landscape, though still far behind the elite private universities in Chicago.
What makes this estimate particularly encouraging is the debt side. At an estimated $17,000, Olivet comes in notably lower than both the state median ($20,600) and national median ($21,500) for mathematics degrees. This pattern—typical or above-typical earnings paired with below-average debt—creates breathing room for graduates whether they're heading into teaching, actuarial work, or graduate school. The 0.32 debt-to-earnings ratio suggests peer programs are setting graduates up for financial stability rather than stress.
For parents, this looks like reasonable value, especially given Olivet's 35% Pell grant population and moderate selectivity. The uncertainty here is real—these are estimates based on comparable Illinois programs, not Olivet's actual outcomes—but the underlying math works in graduates' favor enough that minor variations wouldn't dramatically change the picture.
Where Olivet Nazarene University 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 |
|---|---|---|---|---|---|
| $37,940 | $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 Olivet Nazarene University, 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.