2026 Best Value Business Statistics Schools in the Great Lakes Region

[Business Statistics](/majors/business-management-marketing-sales/management-science-quantitative-methods/business-statistics/) degree programs vary widely in price and payoff across the country. A high-value program keeps cost low while graduates go on to earn well.
For its 2026 best-value ranking, College Factual looked at 21 schools to find the best return on investment for business statistics students.
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2026 Best Value Business Statistics Schools in the Great Lakes Region
Below are the schools that deliver the strongest value in business statistics, balancing cost against outcomes.
Best Value Business Statistics Schools
Western Illinois University tops our 2026 list of the best value business statistics schools in the Great Lakes Region. Western Illinois University is a moderately-sized public school located in the town of Macomb. Expect in-state tuition and fees of around $14,572. Students borrow a median of $27,639 to complete the business statistics program here. Soon after graduation, business statistics degree recipients from Western Illinois University generally make around $47,926. That is a strong return on a $27,639 median debt. Western Illinois University admits about 71% of applicants.
Students looking for strong value in business statistics will find it at University Of Michigan Ann Arbor, which ranked #2. Located in the city of Ann Arbor, University Of Michigan Ann Arbor is a very large public university. The average in-state cost of tuition and fees is $18,848, while out-of-state students pay about $63,081. Students borrow a median of $19,137 to complete the business statistics program here. Business Statistics graduates of University Of Michigan Ann Arbor earn a median of $66,254 early in their careers. That is a strong return on a $19,137 median debt. Roughly 16% of applicants are accepted.
Northern Illinois University came in at #3 on our 2026 list of the best value business statistics schools. Set in the suburb of Dekalb, Northern Illinois University is a large public institution. Students from in state pay about $13,060 in tuition and fees. Typical student debt for business statistics graduates is $21,600. Business Statistics graduates of Northern Illinois University earn a median of $52,308 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 70%.
Students looking for strong value in business statistics will find it at University Of Illinois At Urbana Champaign, which ranked #4. Set in the city of Champaign, University Of Illinois At Urbana Champaign is a very large public institution. The average in-state cost of tuition and fees is $18,267, with out-of-state students paying around $40,096. Students borrow a median of $21,000 to complete the business statistics program here. Business Statistics graduates of University Of Illinois At Urbana Champaign earn a median of $57,461 early in their careers. That is a strong return on a $21,000 median debt. Roughly 42% of applicants are accepted.
Students looking for strong value in business statistics will find it at Indiana University Bloomington, which ranked #5. Set in the city of Bloomington, Indiana University Bloomington is a very large public institution. In-state tuition and fees average $12,144, with out-of-state students paying around $41,891. Business Statistics graduates carry a median of $20,542 in student loans. Early-career business statistics graduates make about $130,003. Weighed against typical debt, the earnings make a compelling case for value. Roughly 78% of applicants are accepted.
Cleveland State University landed the #6 spot for business statistics value this year. Located in the city of Cleveland, Cleveland State University is a large public university. The average in-state cost of tuition and fees is $12,982, with out-of-state students paying around $18,502. Business Statistics graduates carry a median of $24,050 in student loans. Business Statistics graduates of Cleveland State University earn a median of $47,040 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Cleveland State University admits about 91% of applicants.
Michigan State University earned the #7 position for value in business statistics this year. Set in the city of East Lansing, Michigan State University is a very large public institution. The average in-state cost of tuition and fees is $18,079, while out-of-state students pay about $44,850. Typical student debt for business statistics graduates is $23,250. Business Statistics graduates of Michigan State University earn a median of $83,014 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 85%.
Indiana Institute Of Technology earned the #8 position for value in business statistics this year. Set in the city of Fort Wayne, Indiana Institute Of Technology is a mid-sized private not-for-profit institution. Expect in-state tuition and fees of around $31,361. Students borrow a median of $36,380 to complete the business statistics program here. Soon after graduation, business statistics degree recipients from Indiana Institute Of Technology generally make around $56,185. Set against $36,380 in median debt, that is a healthy payoff. Roughly 70% of applicants are accepted.
Milwaukee School Of Engineering placed #9 among the best values for business statistics. Milwaukee School Of Engineering is a mid-sized private not-for-profit school located in the city of Milwaukee. In-state tuition and fees average $50,480. Typical student debt for business statistics graduates is $27,667. Early-career business statistics graduates make about $72,677. That is a strong return on a $27,667 median debt. Milwaukee School Of Engineering admits about 59% of applicants.
Northwood University Michigan earned the #10 position for value in business statistics this year. Northwood University Michigan is a mid-sized private not-for-profit school located in the city of Midland. Expect in-state tuition and fees of around $34,400. Students borrow a median of $25,344 to complete the business statistics program here. Business Statistics graduates of Northwood University Michigan earn a median of $54,298 early in their careers. Set against $25,344 in median debt, that is a healthy payoff. Roughly 64% of applicants are accepted.
Miami University Oxford came in at #11 for value in business statistics this year. Located in the town of Oxford, Miami University Oxford is a large public university. In-state tuition and fees average $17,519, while out-of-state students pay about $38,965. Students borrow a median of $27,000 to complete the business statistics program here. Business Statistics graduates of Miami University Oxford earn a median of $74,770 early in their careers. That is a strong return on a $27,000 median debt. The acceptance rate is 75%.
Loyola University Chicago landed the #12 spot for business statistics value this year. Located in the city of Chicago, Loyola University Chicago is a large private not-for-profit university. Students from in state pay about $53,710 in tuition and fees. Business Statistics graduates carry a median of $23,521 in student loans. Business Statistics graduates of Loyola University Chicago earn a median of $58,568 early in their careers. Set against $23,521 in median debt, that is a healthy payoff. The acceptance rate is 82%.
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Notes and References
This ranking is produced by College Factual (MF_RANKING_2025), 2026 edition. Schools are scored on the balance of cost (tuition and student debt) against student outcomes (post-graduation earnings) — a measure of return on investment, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 21 schools evaluated.
*Averages shown above reflect the top 7 ranked schools only.
- 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).
More about our data sources and methodologies.