2022 Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k

When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking.

In 2019-2020, 457 people earned their degree in mathematical statistics and probability, making the major the 618th most popular in the United States.

Across the Great Lakes region, there were 248 mathematical statistics and probability graduates with average earnings and debt of $0 and $0 respectively. At the master’s degree level specifically, there were 41 mathematical statistics and probability graduates with average earnings and debt of $57,039 and $42,488 respectively.

For this year’s “Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking, we looked at 3 colleges that offer a degree in mathematical statistics and probability. Not only do the schools that top this list have excellent mathematical statistics and probability programs, but they also cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the mathematical statistics and probability program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.

One Size Does Not Fit All

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” list to help you make the college decision.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k

The colleges and universities below are the best for great lakes region master’s degree mathematical statistics and probability students whose families make $0-$30k.

Top 3 Best Value Master’s Degree Colleges for Mathematical Statistics & Probability (Income $0-$30k) in the Great Lakes Region

#1

University of Chicago

Chicago, Illinois

$61,548 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Chicago. The school came in at #1 for the Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. UChicago is a fairly large private not-for-profit school situated in Chicago, Illinois. It awarded 1 masters’s mathematical statistics and probability degrees in 2019-2020.

UChicago also made our “Best Mathematical Statistics & Probability Master’s Degree Schools in the Great Lakes Region” list, coming in at #0. Average graduate tuition and fees at University of Chicago are $61,548, but some majors have different tuition rates.

Read full report on Mathematical Statistics & Probability at University of Chicago

#2

University of Michigan - Ann Arbor

Ann Arbor, Michigan

#1 in overall quality

$49,548 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend University of Michigan - Ann Arbor. It ranked #2 on our 2022 Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. University of Michigan - Ann Arbor is a large public school situated in Ann Arbor, Michigan. It awarded 31 masters’s mathematical statistics and probability degrees in 2019-2020.

U-M not only placed well in this ranking. It is also #1 on our “Best Mathematical Statistics & Probability Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at U-M are $49,548, but some majors have different tuition rates.

Read more about Mathematical Statistics & Probability at University of Michigan - Ann Arbor

#3

Indiana University - Bloomington

Bloomington, Indiana

#2 in overall quality

$33,338 Avg Grad Tuition & Fees

Out of the 3 schools in the Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, Indiana University - Bloomington landed the #3 spot on the list. Located in Bloomington, Indiana, this large public school handed out 9 diplomas to qualified masters’s mathematical statistics and probability students in 2019-2020.

IU Bloomington not only placed well in this ranking. It is also #2 on our “Best Mathematical Statistics & Probability Master’s Degree Schools in the Great Lakes Region” list. Average graduate tuition and fees at Indiana University - Bloomington are $33,338, but some majors have different tuition rates.

Full IU Bloomington Mathematical Statistics & Probability Report

• Best Value Master’s Degree Colleges for Mathematical Statistics & Probability (Income $0-$30k)

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 QWFP.

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