2022 Best Value Finance Schools in Illinois For Those Getting Aid
When it comes to choosing a college, students have a lot of options - but not all of them are good. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Finance Schools in Illinois For Those Getting Aid” ranking - to help you make that decision.
Finance & Financial Management is the 14th most popular major in the country with 57,893 degrees awarded in 2019-2020. In 2017-2018, finance and financial management graduates who were awarded their degree in 2015-2017, earned an average of $51,578 and had an average of $26,517 in loans still to pay off.
Across Illinois, there were 2,123 finance and financial management graduates with average earnings and debt of $48,379 and $24,496 respectively.
This year’s “Best Value Finance Schools in Illinois For Those Getting Aid” ranking analyzed 30 colleges that offered a degree in finance and financial management. This ranking identifies schools with high-quality finance and financial management programs that also have a lower cost than schools of similar quality.
To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the finance and financial management program at the school. For more information, check out our ranking methodology.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Finance Schools in Illinois For Those Getting Aid” list, to help you choose the best school for you.
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Best Value Finance Schools in Illinois For Those Getting Aid
The following schools top our list of the Best Best Value Finance Schools in Illinois For Those Getting Aid.
Top 25 Best Value Colleges for Finance & Financial Management in Illinois (With Aid)
You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #1 on our 2022 Best Value Finance Schools in Illinois For Those Getting Aid list. UIUC is located in Champaign, Illinois and, has a large student population. In 2019-2020, this school awarded 256 ’s finance degrees to qualified students.
UIUC also took the #2 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The estimated yearly cost for University of Illinois at Urbana-Champaign is $15,880 for Illinois Finance students with aid.
The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year. The low student loan default rate of 2.4% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Finance & Financial Management at University of Illinois at Urbana-Champaign
Out of the 30 schools in the Best Value Finance Schools in Illinois For Those Getting Aid that were part of this year’s ranking, University of Illinois at Chicago landed the #2 spot on the list. UIC is a public institution located in Chicago, Illinois. The school has a large population, and it awarded 256 ’s degrees in 2019-2020.
UIC also made our “Best Finance & Financial Management Schools in Illinois” list, coming in at #9. The estimated yearly cost for UIC is $13,312 for Illinois Finance students with aid.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
Read full report on Finance & Financial Management at University of Illinois at Chicago
Out of the 30 schools in the Best Value Finance Schools in Illinois For Those Getting Aid that were part of this year’s ranking, Northern Illinois University landed the #3 spot on the list. Northern Illinois University is located in Dekalb, Illinois and, has a fairly large student population. In 2019-2020, this school awarded 91 ’s finance degrees to qualified students.
As a testament to the quality of education offered at NIU, the school also landed the #13 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The yearly cost to attend Northern Illinois University is $18,259 for illinois finance students with aid.
You’ll join some of the best and brightest minds around if you attend Eastern Illinois University. The school came in at #4 for the Best Value Finance Schools in Illinois For Those Getting Aid. Eastern Illinois University is a medium-sized school located in Charleston, Illinois that handed out 26 ’s finance degrees in 2019-2020.
EIU also made our “Best Finance & Financial Management Schools in Illinois” list, coming in at #20. The estimated yearly cost for Eastern Illinois University is $14,607 for illinois finance students with aid.
Out of the 30 schools in the Best Value Finance Schools in Illinois For Those Getting Aid that were part of this year’s ranking, Northwestern University landed the #5 spot on the list. Northwestern is a large school located in Evanston, Illinois that handed out 68 ’s finance degrees in 2019-2020.
In addition to being on our illinois finance students with aid list, Northwestern has also earned the #1 rank in our “Best Finance & Financial Management Schools in Illinois” ranking. The estimated yearly cost for Northwestern is $24,664 for illinois finance students with aid.
The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. With a student-to-faculty ratio of 6 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.
Full Northwestern University Finance & Financial Management Report
Saint Xavier University came in at #6 in this year’s edition of the Best Value Finance Schools in Illinois For Those Getting Aid ranking. Saint Xavier University is located in Chicago, Illinois and, has a small student population. In 2019-2020, this school awarded 62 ’s finance degrees to qualified students.
SXU also made our “Best Finance & Financial Management Schools in Illinois” list, coming in at #23. The yearly cost to attend SXU is $14,528 for illinois finance students with aid.
Full Saint Xavier University Finance & Financial Management Report
With a ranking of #7, Southern Illinois University Carbondale did quite well on the 2022 Best Value Finance Schools in Illinois For Those Getting Aid list. Carbondale, Illinois is the setting for this fairly large institution of higher learning. The public school handed out ’s finance degrees to 40 students in 2019-2020.
In addition to being on our illinois finance students with aid list, SIUC has also earned the #21 rank in our “Best Finance & Financial Management Schools in Illinois” ranking. It costs about $16,945 for illinois finance students with aid per year to attend Southern Illinois University Carbondale.
Full Southern Illinois University Carbondale Finance & Financial Management Report
Illinois State University did quite well in the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking, coming in at #8. Illinois State is a large school located in Normal, Illinois that handed out 245 ’s finance degrees in 2019-2020.
As a testament to the quality of education offered at Illinois State, the school also landed the #5 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. It costs about $20,895 for illinois finance students with aid per year to attend Illinois State University.
The school has an impressive student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%.
Read full report on Finance & Financial Management at Illinois State
Aurora University did quite well in the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking, coming in at #9. Aurora University is a medium-sized school located in Aurora, Illinois that handed out 33 ’s finance degrees in 2019-2020.
As a testament to the quality of education offered at Aurora, the school also landed the #15 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The estimated yearly cost for Aurora is $17,215 for Illinois Finance students with aid.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
University of St Francis landed the #10 spot on the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking. This small school is located in Joliet, Illinois, and it awarded 14 ’s finance degrees in 2019-2020.
University of Saint Francis did well in our major quality rankings, too. It placed #17 on our “Best Finance & Financial Management Schools in Illinois” list. The estimated yearly cost for University of St Francis is $17,538 for illinois finance students with aid.
The low student loan default rate of 3.3% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Finance & Financial Management at University of St Francis
Western Illinois University landed the #11 spot on the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking. Western Illinois University is a medium-sized public school situated in Macomb, Illinois. It awarded 17 ’s finance degrees in 2019-2020.
WIU also took the #25 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The yearly cost to attend Western Illinois University is $16,210 for illinois finance students with aid.
Northeastern Illinois University came in at #12 in this year’s edition of the Best Value Finance Schools in Illinois For Those Getting Aid ranking. This medium-sized school is located in Chicago, Illinois, and it awarded 58 ’s finance degrees in 2019-2020.
The estimated yearly cost for Northeastern Illinois University is $15,843 for illinois finance students with aid.
Read more about Finance & Financial Management at Northeastern Illinois University
With a ranking of #13, Illinois College did quite well on the 2022 Best Value Finance Schools in Illinois For Those Getting Aid list. Jacksonville, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s finance degrees to 17 students in 2019-2020.
Illinois College also took the #22 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The yearly cost to attend Illinois College is $16,562 for illinois finance students with aid.
Quincy University ranked #14 on this year’s Best Value Finance Schools in Illinois For Those Getting Aid list. Quincy U is a private not-for-profit institution located in Quincy, Illinois. The school has a small population, and it awarded 17 ’s degrees in 2019-2020.
It costs about $17,497 for illinois finance students with aid per year to attend Quincy U.
Read more about Finance & Financial Management at Quincy University
Augustana College did quite well in the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking, coming in at #15. Located in Rock Island, Illinois, this small private not-for-profit school handed out 55 diplomas to qualified ’s finance students in 2019-2020.
Augustana not only placed well in this ranking. It is also #4 on our “Best Finance & Financial Management Schools in Illinois” list. It costs about $23,874 for illinois finance students with aid per year to attend Augustana.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 85%, the school does an excellent job of retaining its students.
Full Augustana College Finance & Financial Management Report
Dominican University came in at #16 in this year’s edition of the Best Value Finance Schools in Illinois For Those Getting Aid ranking. This small school is located in River Forest, Illinois, and it awarded 11 ’s finance degrees in 2019-2020.
As a testament to the quality of education offered at Dominican U, the school also landed the #19 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The estimated yearly cost for Dominican U is $19,268 for Illinois Finance students with aid.
Since the school has a student-to-faculty ratio of 10 to 1, those pursuing a degree will have more opportunities to interact with their professors.
Full Dominican University Finance & Financial Management Report
Lewis University came in at #17 in this year’s edition of the Best Value Finance Schools in Illinois For Those Getting Aid ranking. Lewis University is a medium-sized school located in Romeoville, Illinois that handed out 27 ’s finance degrees in 2019-2020.
Lewis also took the #16 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. It costs about $18,664 for Illinois Finance students with aid per year to attend Lewis University.
The student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%.
Elmhurst University did quite well in the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking, coming in at #18. Elmhurst is a private not-for-profit institution located in Elmhurst, Illinois. The school has a small population, and it awarded 46 ’s degrees in 2019-2020.
Elmhurst also made our “Best Finance & Financial Management Schools in Illinois” list, coming in at #11. The yearly cost to attend Elmhurst is $21,485 for Illinois Finance students with aid.
The student loan default rate at the school is 3.0%, which is quite low when compared to the national default rate of 10.1%.
Read more about Finance & Financial Management at Elmhurst University
Concordia University, Chicago ranked #19 on this year’s Best Value Finance Schools in Illinois For Those Getting Aid list. River Forest, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out ’s finance degrees to 16 students in 2019-2020.
The estimated yearly cost for Concordia University, Chicago is $16,512 for Illinois Finance students with aid.
Full Concordia University, Chicago Finance & Financial Management Report
Millikin University did quite well in the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking, coming in at #20. Decatur, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s finance degrees to 2 students in 2019-2020.
Millikin also took the #24 spot in our “Best Finance & Financial Management Schools in Illinois” ranking. The yearly cost to attend Millikin University is $21,331 for Illinois Finance students with aid.
The student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Read more about Finance & Financial Management at Millikin University
Trinity Christian College came in at #21 in this year’s edition of the Best Value Finance Schools in Illinois For Those Getting Aid ranking. Located in Palos Heights, Illinois, this small private not-for-profit school handed out 10 diplomas to qualified ’s finance students in 2019-2020.
Trinity Christian did well in our major quality rankings, too. It placed #18 on our “Best Finance & Financial Management Schools in Illinois” list. It costs about $21,904 for illinois finance students with aid per year to attend Trinity Christian.
The student-to-faculty ratio of 10 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. The low student loan default rate of 5.0% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read more about Finance & Financial Management at Trinity Christian College
Bradley University ranked #22 on this year’s Best Value Finance Schools in Illinois For Those Getting Aid list. This medium-sized school is located in Peoria, Illinois, and it awarded 19 ’s finance degrees in 2019-2020.
Bradley also made our “Best Finance & Financial Management Schools in Illinois” list, coming in at #10. The estimated yearly cost for Bradley University is $25,634 for Illinois Finance students with aid.
The low student loan default rate of 2.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%. With a freshman retention rate of 86%, the school does an excellent job of retaining its students.
Full Bradley University Finance & Financial Management Report
Illinois Institute of Technology landed the #23 spot on the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking. Chicago, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out ’s finance degrees to 38 students in 2019-2020.
Illinois Tech also made our “Best Finance & Financial Management Schools in Illinois” list, coming in at #7. The estimated yearly cost for Illinois Tech is $22,831 for illinois finance students with aid.
The impressive student-to-faculty ratio of 10 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. With a freshman retention rate of 87%, the school does an excellent job of retaining its students. The low student loan default rate of 2.9% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Read full report on Finance & Financial Management at Illinois Institute of Technology
North Central College came in at #24 in this year’s edition of the Best Value Finance Schools in Illinois For Those Getting Aid ranking. North Central is a small private not-for-profit school situated in Naperville, Illinois. It awarded 39 ’s finance degrees in 2019-2020.
North Central did well in our major quality rankings, too. It placed #14 on our “Best Finance & Financial Management Schools in Illinois” list. The yearly cost to attend North Central is $24,786 for illinois finance students with aid.
The low student loan default rate of 3.9% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
Full North Central College Finance & Financial Management Report
Lake Forest College did quite well in the 2022 Best Value Finance Schools in Illinois For Those Getting Aid ranking, coming in at #25. Located in Lake Forest, Illinois, this small private not-for-profit school awarded 29 degrees to qualified ’s finance students in 2019-2020.
Lake Forest did well in our major quality rankings, too. It placed #12 on our “Best Finance & Financial Management Schools in Illinois” list. The estimated yearly cost for Lake Forest College is $26,426 for illinois finance students with aid.
The low student loan default rate of 2.5% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.
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Notes and References
References
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE) serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
- Information about the national average student loan default rate is from the U.S. Department of Education and refers to data about the 2016 borrower cohort tracking period for which the cohort default rate (CDR) was 10.1%.
Read more about our data sources and methodologies
Footnotes
- *Average salary, average net price, and average tuition and fees are for the top schools only.
- Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.
Credits
- Credit for the banner image above goes to Dave Dugdale.
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