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2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k

17 Ranked Colleges
2,366 Degrees Awarded
$23,000 Avg Net Price*
Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k

When it comes to choosing a college, students have a lot of options - but not all of them are good. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k” ranking is one tool we have developed to help in this regard.

Theological & Ministerial Studies is the 63rd most popular major in the country with 15,832 degrees awarded in 2020-2021. In 2019-2020, theological and ministerial studies graduates who were awarded their degree in 2017-2019, earned an average of $40,590 and had an average of $26,272 in loans still to pay off.

Across the Great Lakes region, there were 2,366 theological and ministerial studies graduates with average earnings and debt of $41,653 and $21,394 respectively.

This year’s “Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k” ranking looked at 17 colleges that offer degrees in a bachelor’s in theological and ministerial studies. The schools that top this list are recognized because they have great theological and ministerial studies programs and cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the theological and ministerial studies program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.

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Since picking the right college can be one of the most important decisions of your life, we’ve developed the “Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k” ranking, along with many other major-related rankings, to help you make that decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to 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 Theology Schools in the Great Lakes Region For Those Making $75-$110k

The following schools top our list of the Best Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k.

Top 17 Best Value Colleges for Theological & Ministerial Studies (Income $75-$110k) in the Great Lakes Region

1
UChicago crest
University of Chicago
Chicago, Illinois

You’ll be in good company if you decide to attend University of Chicago. It ranked #1 on our 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. UChicago is located in Chicago, Illinois and, has a fairly large student population. In 2020-2021, this school awarded 99 ’s theology degrees to qualified students.

UChicago also made our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list, coming in at #2. The estimated yearly cost for University of Chicago is $19,895 for great lakes region theology students whose families make $75-$110k.

The low undergrad student loan default rate of 1.0% 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%. Students who start out at the school are likely to stick around. The freshman retention rate is 100%. With a undergrad student-to-faculty ratio of 5 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.

Full UChicago Theological & Ministerial Studies Report

2
Moody Theological Seminary and Graduate School crest
Moody Bible Institute
Chicago, Illinois

You’ll be in good company if you decide to attend Moody Bible Institute. It ranked #2 on our 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. Moody Bible Institute is a private not-for-profit institution located in Chicago, Illinois. The school has a small population, and it awarded 200 ’s degrees in 2020-2021.

Moody Theological Seminary and Graduate School also made our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list, coming in at #3. The estimated yearly cost for Moody Bible Institute is $18,899 for great lakes region theology students whose families make $75-$110k.

The undergrad student loan default rate at the school is 3.3%, which is quite low when compared to the national default rate of 10.1%.

Read more about Theological & Ministerial Studies at Moody Theological Seminary and Graduate School

3
Notre Dame crest
University of Notre Dame
Notre Dame, Indiana

Out of the 17 schools in the Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k that were part of this year’s ranking, University of Notre Dame landed the #3 spot on the list. University of Notre Dame is located in Notre Dame, Indiana and, has a fairly large student population. In 2020-2021, this school awarded 139 ’s theology degrees to qualified students.

In addition to being on our great lakes region theology students whose families make $75-$110k list, Notre Dame has also earned the #1 rank in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. It costs about $18,969 for great lakes region theology students whose families make $75-$110k per year to attend Notre Dame.

The school has an excellent freshman retention rate of 97%, which means students like the school well enough to return for a second year. The undergrad student loan default rate at the school is 0.7%, which is quite low when compared to the national default rate of 10.1%. The impressive undergraduate student-to-faculty ratio of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.

Full Notre Dame Theological & Ministerial Studies Report

4
Olivet Nazarene crest
Olivet Nazarene University
Bourbonnais, Illinois

You’ll be in good company if you decide to attend Olivet Nazarene University. It ranked #4 on our 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. Olivet Nazarene University is located in Bourbonnais, Illinois and, has a small student population. In 2020-2021, this school awarded 24 ’s theology degrees to qualified students.

Olivet Nazarene also took the #4 spot in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. The estimated yearly cost for Olivet Nazarene University is $21,860 for great lakes region theology students whose families make $75-$110k.

The low undergrad student loan default rate of 2.7% 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 Theological & Ministerial Studies at Olivet Nazarene University

5

You’ll join some of the best and brightest minds around if you attend Lincoln Christian University. The school came in at #5 for the Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k. Lincoln, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s theology degrees to 60 students in 2020-2021.

Lincoln Christian College and Seminary also made our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list, coming in at #6. The yearly cost to attend Lincoln Christian College and Seminary is $21,278 for great lakes region theology students whose families make $75-$110k.

The low undergrad 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 full report on Theological & Ministerial Studies at Lincoln Christian College and Seminary

6

Franciscan University of Steubenville came in at #6 in this year’s edition of the Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking. Steubenville, Ohio is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s theology degrees to 205 students in 2020-2021.

Franciscan U also took the #7 spot in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. The yearly cost to attend Franciscan University of Steubenville is $22,996 for great lakes region theology students whose families make $75-$110k.

The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year. The school has an impressive undergrad student loan default rate. It’s only 1.4%, which is much lower than the national rate of 10.1%.

Read full report on Theological & Ministerial Studies at Franciscan U

7
OCU crest
Ohio Christian University
Circleville, Ohio

With a ranking of #7, Ohio Christian University did quite well on the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. Ohio Christian University is a small school located in Circleville, Ohio that handed out 156 ’s theology degrees in 2020-2021.

OCU did well in our major quality rankings, too. It placed #8 on our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list. The estimated yearly cost for Ohio Christian University is $23,337 for great lakes region theology students whose families make $75-$110k.

With a undergrad student-to-faculty ratio of 8 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.

Read more about Theological & Ministerial Studies at OCU

8
Andrews crest
Andrews University
Berrien Springs, Michigan

Andrews University landed the #8 spot on the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking. This small school is located in Berrien Springs, Michigan, and it awarded 154 ’s theology degrees in 2020-2021.

As a testament to the quality of education offered at Andrews, the school also landed the #9 spot in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. The estimated yearly cost for Andrews is $24,576 for Great Lakes Region Theology students whose families make $75-$110k.

The undergrad student loan default rate at the school is 3.5%, which is quite low when compared to the national default rate of 10.1%. With a undergrad student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. Students who start out at the school are likely to stick around. The freshman retention rate is 85%.

Read full report on Theological & Ministerial Studies at Andrews

9
Wheaton College Illinois crest
Wheaton College Illinois
Wheaton, Illinois

Wheaton College Illinois came in at #9 in this year’s edition of the Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking. Located in Wheaton, Illinois, this small private not-for-profit school awarded 25 diplomas to qualified ’s theology students in 2020-2021.

Wheaton College Illinois also took the #11 spot in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. The yearly cost to attend Wheaton College Illinois is $23,746 for great lakes region theology students whose families make $75-$110k.

The undergrad student loan default rate at the school is 0.5%, which is quite low when compared to the national default rate of 10.1%. The impressive undergraduate 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. The school has an excellent freshman retention rate of 90%, which means students like the school well enough to return for a second year.

Read full report on Theological & Ministerial Studies at Wheaton College Illinois

10
Ashland crest
Ashland University
Ashland, Ohio

Ashland University ranked #10 on this year’s Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. Ashland is a private not-for-profit institution located in Ashland, Ohio. The school has a small population, and it awarded 17 ’s degrees in 2020-2021.

As a testament to the quality of education offered at Ashland, the school also landed the #16 spot in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. It costs about $22,472 for Great Lakes Region Theology students whose families make $75-$110k per year to attend Ashland University.

The school has an impressive undergrad student loan default rate. It’s only 4.1%, which is much lower than the national rate of 10.1%.

Full Ashland University Theological & Ministerial Studies Report

11

Grace College and Theological Seminary landed the #11 spot on the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking. Winona Lake, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s theology degrees to 9 students in 2020-2021.

Grace College also took the #12 spot in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. The estimated yearly cost for Grace College and Theological Seminary is $22,536 for Great Lakes Region Theology students whose families make $75-$110k.

The school has an impressive undergrad student loan default rate. It’s only 3.1%, which is much lower than the national rate of 10.1%.

Read more about Theological & Ministerial Studies at Grace College

12

Indiana Wesleyan University did quite well in the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking, coming in at #12. Indiana Wesleyan University is a private not-for-profit institution located in Marion, Indiana. The school has a small population, and it awarded 10 ’s degrees in 2020-2021.

IWU also made our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list, coming in at #15. The yearly cost to attend IWU is $22,719 for great lakes region theology students whose families make $75-$110k.

The low undergrad 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%.

Full Indiana Wesleyan University Theological & Ministerial Studies Report

13

Concordia University, Wisconsin did quite well in the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking, coming in at #13. Concordia University, Wisconsin is a medium-sized school located in Mequon, Wisconsin that handed out 7 ’s theology degrees in 2020-2021.

Concordia University, Wisconsin not only placed well in this ranking. It is also # on our "" list. The estimated yearly cost for Concordia University, Wisconsin is $24,342 for great lakes region theology students whose families make $75-$110k.

The undergrad student loan default rate at the school is 2.4%, which is quite low when compared to the national default rate of 10.1%.

Full Concordia University, Wisconsin Theological & Ministerial Studies Report

14
Cornerstone crest
Cornerstone University
Grand Rapids, Michigan

Cornerstone University landed the #14 spot on the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking. Cornerstone University is a small private not-for-profit school situated in Grand Rapids, Michigan. It awarded 42 ’s theology degrees in 2020-2021.

Cornerstone also made our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list, coming in at #19. It costs about $19,953 for great lakes region theology students whose families make $75-$110k per year to attend Cornerstone University.

The school has an impressive undergrad student loan default rate. It’s only 4.3%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.

Read full report on Theological & Ministerial Studies at Cornerstone University

15

Trinity International University - Illinois came in at #15 in this year’s edition of the Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k ranking. Deerfield, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s theology degrees to 99 students in 2020-2021.

In addition to being on our great lakes region theology students whose families make $75-$110k list, TIU Illinois has also earned the #18 rank in our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” ranking. It costs about $23,915 for Great Lakes Region Theology students whose families make $75-$110k per year to attend TIU Illinois.

The undergraduate student-to-faculty ratio of 8 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Full Trinity International University - Illinois Theological & Ministerial Studies Report

16

Indiana Wesleyan University - National & Global ranked #16 on this year’s Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. Located in Marion, Indiana, this fairly large private not-for-profit school awarded 36 diplomas to qualified ’s theology students in 2020-2021.

IWU also made our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list, coming in at #14. The estimated yearly cost for IWU is $22,548 for Great Lakes Region Theology students whose families make $75-$110k.

The undergrad student loan default rate at the school is 5.0%, which is quite low when compared to the national default rate of 10.1%.

Read full report on Theological & Ministerial Studies at Indiana Wesleyan University - National & Global

17
Loyola Chicago crest
Loyola University Chicago
Chicago, Illinois

With a ranking of #17, Loyola University Chicago did quite well on the 2023 Best Value Theology Schools in the Great Lakes Region For Those Making $75-$110k list. Chicago, Illinois is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out ’s theology degrees to 17 students in 2020-2021.

Loyola Chicago did well in our major quality rankings, too. It placed #5 on our “Best Theological & Ministerial Studies Schools in the Great Lakes Region” list. The estimated yearly cost for Loyola University Chicago is $36,291 for great lakes region theology students whose families make $75-$110k.

With a freshman retention rate of 85%, the school does an excellent job of retaining its undergraduate students. The school has an impressive undergrad student loan default rate. It’s only 2.7%, which is much lower than the national rate of 10.1%.

Read full report on Theological & Ministerial Studies at Loyola Chicago

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