2022 Best Value Master’s Degree Colleges for Mathematical Statistics & Probability in the Great Lakes Region (With Aid)

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our “Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Getting Aid” ranking is part of that endeavor.

Mathematical Statistics & Probability is the 618th most popular major in the country with 457 degrees awarded in 2019-2020.

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 Getting Aid” ranking, we looked at 3 colleges that offer a degree in mathematical statistics and probability. This ranking identifies schools with high-quality mathematical statistics and probability 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 mathematical statistics and probability program at the school. Check out our ranking methodology for more information.

More Ways to Rank Mathematical Statistics & Probability Schools

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Getting Aid” list, to help you choose the best school for you.

You can create your own custom comparison that focuses on the factors most important to you using our tool, College Combat. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Getting Aid

The following schools top our list of the Best Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Getting Aid.

Top 3 Best Value Master’s Degree Colleges for Mathematical Statistics & Probability in the Great Lakes Region (With Aid)

#1

Indiana University - Bloomington

Bloomington, Indiana

#2 in overall quality

$33,338 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Indiana University - Bloomington. 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 Getting Aid. Located in Bloomington, Indiana, this large public school awarded 9 degrees to qualified masters’s mathematical statistics and probability students in 2019-2020.

In addition to being on our great lakes region master’s degree mathematical statistics and probability students with aid list, IU Bloomington has also earned the #2 rank in our “Best Mathematical Statistics & Probability Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Indiana University - Bloomington are $33,338, but you may pay more or less depending on your major.

Read more about Mathematical Statistics & Probability at Indiana University - Bloomington

#2

University of Michigan - Ann Arbor

Ann Arbor, Michigan

#1 in overall quality

$49,548 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend University of Michigan - Ann Arbor. The school came in at #2 for the Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Getting Aid. Ann Arbor, Michigan is the setting for this large institution of higher learning. The public school handed out masters’s mathematical statistics and probability degrees to 31 students in 2019-2020.

U-M also took the #1 spot in our “Best Mathematical Statistics & Probability Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Michigan - Ann Arbor are $49,548.

Full University of Michigan - Ann Arbor Mathematical Statistics & Probability Report

#3

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 #3 for the Best Value Mathematical Statistics and Probability Schools for a Master’s in the Great Lakes Region For Those Getting Aid. This fairly large school is located in Chicago, Illinois, and it awarded 1 masters’s mathematical statistics and probability degrees in 2019-2020.

UChicago not only placed well in this ranking. It is also #0 on our “Best Mathematical Statistics & Probability Master’s Degree Schools in the Great Lakes Region” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at UChicago are $61,548.

Read more about Mathematical Statistics & Probability at UChicago

• Best Value Master’s Degree Colleges for Mathematical Statistics & Probability (With Aid)

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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