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Highlighting Quality Schools With More Affordable Prices
Today's business students have lots of options to pick from when considering higher education opportunities. As online education oppotunities continue to grow, you're not restricted to just schools in your local area anymore. Even some of the 'big name' schools are offering online courses. Also, there are a number of trade schools and bootcamps with offerings that you might find attractive.
To help you arm yourself with the information you need to make your decision, Business Degree Central has developed this <nil> ranking.
Our ranking of value is based on the quality of a program as defined in our per sticker price dollar. Specifically, our score for quality is discounted by the published tuition and fees charged by the given college. This gives the cost per unit of quality for each college. The more quality your dollar buys, the better the value.
In our regional and nationwide rankings, out-of-state tution and fees are used in our calculations. For statewide rankings, we use average in-state tuition and fees.
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Top Value Business Schools in Illinois
Learn more about these excellent schools below:
Our analysis found Southwestern Illinois College to be the best value school for business students in Illinois. SWIC is a medium-sized public school situated in Belleville, Illinois. It awarded 56 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at SWIC are $5,940 per year. Degree recipients from the school accumulate an average of $12,518 in student debt by the time they complete their degree. During the early years of their career, SWIC graduates make an average of $36,934 annually.
A rank of #2 on this year’s list means Rasmussen University - Illinois is a great place for business students who want to get the most value for their educational dollar. Rockford, Illinois is the setting for this small institution of higher learning. The private for-profit school handed out degrees to 177 students in 2020-2021.
Out-of-state tuition fees for undergraduate students at Rasmussen University - Illinois are $13,883 per year. Degree recipients from the school accumulate an average of $30,604 in student debt by the time they complete their degree. Those who take out this much in loans have to make a monthly payment of about $127 if they are on a 10-year repayment plan.After graduating from Rasmussen University - Illinois, students go on to jobs where they make an average of $41,940 during the early years of their career.
Rasmussen University - Illinois did well in our overall quality rankings, too. It placed #5 on our list.
Out of the 46 schools in Illinois that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the # 3 spot on the list. UIUC is located in Champaign, Illinois and has a large student population. In 2020-2021, this school awarded 3,917 degrees to qualified students.
UIUC undergraduate students pay an average of $37,632 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $18,891 in student loans. Those who take out this much in loans have to make a monthly payment of about $415 if they are on a 10-year repayment plan.After graduating from UIUC, students go on to jobs where they make an average of $53,270 during the early years of their career.
In addition to its best value ranking, and one of the reasons why the school is on the list, UIUC is ranked #3 for overall quality in Illinois.
You’ll join some of the best and brightest minds around you if you attend Illinois State University. The school came in at #4 on this year’s list. Illinois State University is a large public school located in Normal, Illinois that handed out 1,478 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Illinois State are $24,172 per year. By the time they get their degree, students from this school have racked up an average of $21,109 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $312, assuming you are on a 10-year repayment plan. During the early years of their career, Illinois State graduates make an average of $44,092 annually.
Illinois State also claimed a spot on our list. It’s in the top 20% of all schools in this category.
The excellent programs at Southern Illinois University Edwardsville helped the school earn the #5 place on this year’s ranking of the best value business schools in Illinois. Edwardsville, Illinois is the setting for this fairly large institution of higher learning. The public school handed out degrees to 557 students in 2020-2021.
SIUE undergraduate students pay an average of $11,496 in tuition and fees each year. On average, students take out $24,579 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $221. During the early years of their career, SIUE graduates make an average of $45,746 annually.
Read full report on Southern Illinois University Edwardsville
Northern Illinois University did quite well in this year’s ranking of the best value places for business students. It came in at #6 on the list. NIU is located in Dekalb, Illinois and has a fairly large student population. In 2020-2021, this school awarded 943 degrees to qualified students.
Out-of-state tuition fees for undergraduate students at NIU are $14,738 per year. By the time they get their degree, students from this school have racked up an average of $25,759 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $216. During the early years of their career, NIU graduates make an average of $48,041 annually.
University of Illinois at Springfield did quite well in this year’s ranking of the best value places for business students. It came in at #7 on the list. Located in Springfield, Illinois, the small public school handed out 201 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at UIS are $18,857 per year. Degree recipients from the school accumulate an average of $25,891 in student debt by the time they complete their degree. If you borrow this amount, expect your monthly student loan payment to be around $128, assuming you are on a 10-year repayment plan.After graduating from UIS, students go on to jobs where they make an average of $45,109 during the early years of their career.
Western Illinois University landed the #8 spot in the rankings for the best value business programs. WIU is a medium-sized public school situated in Macomb, Illinois. It awarded 306 degrees in 2020-2021.
WIU undergraduate students pay an average of $13,297 in tuition and fees each year. On average, students take out $28,617 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $266. During the early years of their career, WIU graduates make an average of $38,708 annually.
Governors State University landed the #9 spot in the rankings for the best value business programs. Located in University Park, Illinois, the small public school awarded 196 diplomas to qualifed students in 2020-2021.
Out-of-state tuition fees for undergraduate students at GSU are $17,620 per year. Degree recipients from the school accumulate an average of $28,123 in student debt by the time they complete their degree.After graduating from GSU, students go on to jobs where they make an average of $44,233 during the early years of their career.
Eastern Illinois University ranked #10 on this year’s list. EIU is a medium-sized public school situated in Charleston, Illinois. It awarded 226 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at EIU are $14,551 a year. By the time they get their degree, students from this school have racked up an average of $23,733 in student loans. Those who take out this much in loans have to make a monthly payment of about $178 if they are on a 10-year repayment plan.After graduating from EIU, students go on to jobs where they make an average of $38,688 during the early years of their career.
National Louis University came in at #11 in this year’s edition of the ranking. This medium-sized private not-for-profit school is located in Chicago, Illinois, and it awarded 274 degrees in 2020-2021.
NLU undergraduate students pay an average of $14,169 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $28,209 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $479. Once they receive their degree, NLU graduates enter the workforce, making an average salary of $48,291 during the early year of their career.
Concordia University, Chicago came in at #12 in this year’s edition of the ranking. Located in River Forest, Illinois, the medium-sized private not-for-profit school handed out 298 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Concordia University, Chicago are $34,310 per year. Degree recipients from the school accumulate an average of $26,522 in student debt by the time they complete their degree.After graduating from Concordia University, Chicago, students go on to jobs where they make an average of $53,770 during the early years of their career.
University of Illinois at Chicago landed the #13 spot in the rankings for the best value business programs. Located in Chicago, Illinois, the large public school handed out 1,307 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at UIC are $30,370 per year. By the time they get their degree, students from this school have racked up an average of $19,801 in student loans. Those who take out this much in loans have to make a monthly payment of about $259 if they are on a 10-year repayment plan. Once they receive their degree, UIC graduates enter the workforce, making an average salary of $53,836 during the early year of their career.
Southern Illinois University Carbondale landed the #14 spot in the rankings for the best value business programs. SIUC is a public institution located in Carbondale, Illinois. The school has a fairly large population, and it awarded 380 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at SIUC are $15,240 a year. On average, students take out $23,594 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $165 if they are on a 10-year repayment plan.After graduating from SIUC, students go on to jobs where they make an average of $42,413 during the early years of their career.
Kankakee Community College ranked #15 on this year’s list. Kankakee Community College is a public institution located in Kankakee, Illinois. The school has a small population, and it awarded 58 degrees in 2020-2021.
Kankakee Community College undergraduate students pay an average of $25,560 in tuition and fees each year. Degree recipients from the school accumulate an average of $17,785 in student debt by the time they complete their degree. Once they receive their degree, Kankakee Community College graduates enter the workforce, making an average salary of $38,815 during the early year of their career.
Northeastern Illinois University ranked #15 on this year’s list. Northeastern Illinois University is a medium-sized public school located in Chicago, Illinois that handed out 415 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Northeastern Illinois University are $22,155 per year. Degree recipients from the school accumulate an average of $21,044 in student debt by the time they complete their degree. Once they receive their degree, Northeastern Illinois University graduates enter the workforce, making an average salary of $40,833 during the early year of their career.
DeVry University - Illinois came in at #17 in this year’s edition of the ranking. DeVry University - Illinois is a private for-profit institution located in Chicago, Illinois. The school has a large population, and it awarded 3,382 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at DeVry University - Illinois are $15,032 per year. By the time they get their degree, students from this school have racked up an average of $40,148 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $163. Once they receive their degree, DeVry University - Illinois graduates enter the workforce, making an average salary of $48,020 during the early year of their career.
Lincoln College ranked #18 on this year’s list. Lincoln College is a private not-for-profit institution located in Lincoln, Illinois. The school has a very small population, and it awarded 83 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Lincoln College are $19,800 per year. On average, students take out $23,112 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $102, assuming you are on a 10-year repayment plan. During the early years of their career, Lincoln College graduates make an average of $48,437 annually.
University of St Francis did quite well in this year’s ranking of the best value places for business students. It came in at #19 on the list. This small private not-for-profit school is located in Joliet, Illinois, and it awarded 188 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at University of Saint Francis are $35,000 a year. Degree recipients from the school accumulate an average of $28,383 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $332. Once they receive their degree, University of Saint Francis graduates enter the workforce, making an average salary of $60,805 during the early year of their career.
McKendree University came in at #20 in this year’s edition of the ranking. McKendree is a private not-for-profit institution located in Lebanon, Illinois. The school has a small population, and it awarded 252 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at McKendree are $33,050 per year. Degree recipients from the school accumulate an average of $24,607 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $207. During the early years of their career, McKendree graduates make an average of $47,532 annually.
Aurora University ranked #21 on this year’s list. Aurora, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out degrees to 444 students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Aurora are $26,760 a year. By the time they get their degree, students from this school have racked up an average of $25,543 in student loans. Those who take out this much in loans have to make a monthly payment of about $198 if they are on a 10-year repayment plan. During the early years of their career, Aurora graduates make an average of $47,673 annually.
Lewis University came in at #22 in this year’s edition of the ranking. Romeoville, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out degrees to 416 students in 2020-2021.
Out-of-state tuition fees for undergraduate students at Lewis are $35,472 per year. On average, students take out $23,413 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $411 if they are on a 10-year repayment plan. During the early years of their career, Lewis graduates make an average of $48,984 annually.
Judson University did quite well in this year’s ranking of the best value places for business students. It came in at #23 on the list. Elgin, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out degrees to 100 students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Judson are $29,870 a year. Degree recipients from the school accumulate an average of $24,525 in student debt by the time they complete their degree.After graduating from Judson, students go on to jobs where they make an average of $42,419 during the early years of their career.
DePaul University did quite well in this year’s ranking of the best value places for business students. It came in at #24 on the list. DePaul is located in Chicago, Illinois and has a large student population. In 2020-2021, this school awarded 2,267 degrees to qualified students.
DePaul undergraduate students pay an average of $42,012 in tuition and fees each year. On average, students take out $24,047 in loans while pursuing their degree. For those students on a 10-year repayment plan, the average payment due each month is around $517.After graduating from DePaul, students go on to jobs where they make an average of $49,846 during the early years of their career.
Northwestern University ranked #25 on this year’s list. Northwestern is a private not-for-profit institution located in Evanston, Illinois. The school has a large population, and it awarded 3,297 degrees in 2020-2021.
Northwestern undergraduate students pay an average of $60,768 in tuition and fees each year. Degree recipients from the school accumulate an average of $19,000 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $576.After graduating from Northwestern, students go on to jobs where they make an average of $69,538 during the early years of their career.
Northwestern also made our list, coming in at #2.
More Illinois Rankings
Notes and References
Footnotes
*These averages are for the top 25 schools only.
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%.
More about our data sources and methodologies.
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