Most Affordable Online Mathematics Degree Programs

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Updated on December 7, 2022
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Want to earn a math degree at a reasonable price? BestColleges spotlights the most affordable online mathematics degrees.

A bachelor’s in mathematics provides students with an analytical and problem-solving foundation. This is suitable for many career pursuits, including the fields of finance, medicine, science, and technology. The discipline comprises programs in actuarial science, statistics, and data science.

The professional outlook bodes very well for mathematics graduates, with the Bureau of Labor Statistics (BLS) projecting 28% growth for math occupations between 2020 and 2030. The median annual salary in the field was $98,680 in May 2021. Both of these numbers more than double the respective averages for all occupations.

With the average annual undergraduate tuition rate at $13,677 in 2020-21 and rising steadily, as per the National Center for Education Statistics (NCES), a degree with a strong outlook can have great value. Here, we outline what students might encounter in the program and the career paths. We also provide a ranking of the most affordable online bachelor’s in mathematics from the top online schools.

How Much Does an Online Bachelor’s in Mathematics Degree Program Cost?

According to NCES, full-time students paid an average annual tuition of about $9,400 at public schools and $37,600 at private nonprofit schools in 2020-21. Depending on their school and program choice, students could pay less than $200 per credit or about $2,000 per credit.

Prospective students need to consider additional costs as well, such as room and board, books, and travel. In an online bachelor’s in mathematics, learners can reduce their travel costs or eliminate them altogether. To find the true program cost, they should also incorporate how their income changes during their studies.

What Can I Expect From an Online Bachelor’s in Mathematics Degree Program?

An online bachelor’s degree in mathematics provides students with the skills and processes to find definitive solutions to complex and abstract problems. Learners may study theoretical and applied mathematics, developing creative thinking and problem-solving capabilities along the way. Most programs run about four years and feature close to 120 credits.

A bachelor’s in mathematics may provide one or two track options — a BA or BS track. These programs differ mostly by the elective choices and focus. BA programs typically offer more elective flexibility, and BS programs focus more on analytical training. A BS is often the more common of the two.

The concentration is perhaps the most important choice provided to prospective math students. Learners may encounter several specialization options, which can influence the direction of their senior-level studies and future careers. Popular options include computation, applied, financial actuarial mathematics, and mathematics for teaching.

Still Looking for the Right Fit? Discover Similar Degree Programs.

Popular Online Mathematics Programs

Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.

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What Courses Will I Take in an Online Bachelor’s in Mathematics Degree Program?

Abstract Mathematics

In this course, students learn the techniques and logical reasoning and communication methods for developing mathematical proofs. The course covers abstract algebra and the formulation of mathematical statements.

Statistics

Students in this course learn the basics of descriptive statistics, probabilities, and statistical inferences. They may study curves, regressions, and samplings, plus hypothesis testing and identifying applications.

Linear Algebra

This course explores linear equations and transformations. Students learn to work with vectors and matrices as well. They also learn to use matrix theory for linear models and other applications.

Complex Analysis

In this course, students look at analytic functions, including those with complex arguments and outputs. They may study differentiation, Cauchy’s theorem, and calculus of residues.

Data Structures and Algorithms

Students in this course learn to design and develop algorithms for data analysis. They analyze and compare algorithms for various purposes, such as sorting, operations, and graphs.

What Are Admission Requirements for an Online Bachelor’s in Mathematics Degree Program?

Most bachelor’s in mathematics programs require prospective students to have a high school or GED diploma at a minimum. For entry into a competitive program or school, applicants may need to demonstrate higher qualifications. This could include a minimum 3.0 GPA and prerequisite courses in mathematics.

Online students also need the appropriate technology to attend virtual classes and use their school’s online learning platform.

Application

While the components in an undergraduate application vary, they usually have the same core requirements. Applicants at this level typically upload their documents to a school’s online portal system or use a college application system to manage multiple applications at once.

Test Scores

Many schools have introduced waivers for college entrance exams to make the application process more balanced and accommodating. Prospective students may still need to submit scores for consideration in some cases. Undergraduate tests include the SAT and ACT, plus various other placement tests.

Letters of Recommendation

The best applications include 1-3 letters of recommendation from professionals in relevant fields. In an application for a bachelor’s in mathematics, for example, prospective students may submit letters from high school math teachers or school counselors. These letters usually address the student’s readiness for college and academic strengths.

Essays

College application essays may have different functions depending on the school and the essay prompt. Some applications allow learners to write personal statements that discuss their personal and academic histories. Others may pose specific questions or ask applicants to write about their study and career interests.

Official Transcripts

Official transcripts provide details on an applicant’s previous training, including grades received and GPA calculations. These records are typically the most influential component in an application. College transfer students need to submit these documents for transfer credits and prerequisite course information as well.

What Can I Do With an Online Bachelor’s in Mathematics Degree?

Career Outlook

The increasing use of big data and mathematical analysis within organizations has created a large demand for math specialists. A bachelor’s in mathematics helps students develop analytical skills that can support businesses and governments. The training also overlaps with several of the most popular college majors, including business, engineering, science, and information technology.

The BLS projects 28% growth in math occupations between 2020 and 2030, more than three times faster than the projected growth of 8% for all occupations. The profession’s median annual salary of $98,680 in May 2021 is more than $50,000 higher than the median annual wage of $45,760 for all occupations in that same period.

Find out where an online bachelor’s in mathematics leads. Learn more about STEM careers.

Career Paths

Operations Research Analysts

Operations research analysts collect and analyze information from various sources to help organizations improve their operations and make sound decisions. They may analyze budgets, supply chains, and production outputs using models and analytical tools to find opportunities for improvement. They may specialize in certain industries or in specific departments.

Median Annual Salary (May 2021):$82,360

Actuaries

Actuaries use statistical models and analysis to determine the risk of events and decisions. They may provide analysis for insurance or investment purposes, helping organizations identify optimal policy premiums and retiree plans. These professionals may need to present their findings to management and stakeholders and explain their work with visualizations.

Median Annual Salary (May 2021):$105,900

Budget Analysts

Budget analysts help organizations develop and refine budgets. They collect and analyze financial information, provide cost-benefit analyses, and identify opportunities that can save organizations money. These professionals create and present budget reports, develop funding proposals, and monitor organizational spending as well.

Median Annual Salary (May 2021):$79,940

Financial Analysts

Financial analysts help individuals and organizations manage their finances more effectively and put their money to work for them. They typically specialize in investments, managing portfolios and conducting risk assessments. They research market and economic trends for information, analyze financial statements and other data, and report on their findings.

Median Annual Salary (May 2021):$81,410

Mathematicians and Statisticians

Mathematicians and statisticians use mathematical equations and theories to solve complex problems for various organizations. They collect and interpret data, analyze the information using models and software, and use visualizations to present their findings. They may specialize in aiding healthcare, government, and education organizations.

Median Annual Salary (May 2021):$96,280

Mathematics Not For You? Check Out These Related Careers.

Continuing Education

The many applications of mathematics training work just as well for continuing education purposes as they do for professional purposes. A bachelor’s in mathematics equips graduates with a foundation that can qualify them for many master’s programs, including providing direct paths to a master’s in mathematics or a master’s in math education.

Other possible paths available include a master’s in data science, a master’s in economics, or a master’s in finance. Each of these disciplines rely on mathematics, though additional training may be required for entry into some programs.

How Do I Choose an Online Bachelor’s in Mathematics Degree Program?

Cost

Using cost as a deciding factor for schools and programs can be effective. When comparing online and on-campus costs, prospective students should also evaluate how the different program types impact travel costs and employment capabilities. Other cost comparisons might include in-state vs. out-of-state schools and public vs. private school costs.

Program Format

Every person has their ideal program format according to their learning style and scheduling needs. To find the right blend in their training, prospective learners should compare synchronous and asynchronous training and full-time and part-time studies. If they have an open schedule and a desire to fast-track their training, accelerated bachelor’s programs may be a suitable option.

Location

No matter how you choose between online or on-campus programs, you should consider how the program location will impact your studies and your experience. Some online programs have residency requirements that distance learners might struggle to complete. Online learners who are within driving distance from their school might make use of the facilities or attend special events.

Accreditation

Finding a school with online college accreditation should be a requirement for all prospective students. While programmatic accreditation is not usually required or even available for undergraduate mathematics programs, institutional accreditation is essential for several reasons. Accredited institutions have access to federal financial aid programs and provide students with credentials accepted by most employers, colleges, and universities.

Student Support

Schools that provide high-quality student services can enhance student performances and outcomes. Valuable online student services include tutoring, wellness services, and career support, plus mentorship programs and college internships. Prospective students should look for programs that support them in areas they need the most help.

How Do I Pay for an Online Bachelor’s in Mathematics Degree Program?

Free Application for Federal Student Aid (FAFSA)

Most students have access to several valuable financial aid options, not least of which is the Free Application for Federal Student Aid (FAFSA). The FAFSA not only qualifies students for federal loans and grants, but many schools and programs also rely on FAFSA information when awarding scholarships.

Loans

A large percentage of students receive federal college loans each year, benefitting from the zero-interest funds while they study. According to a BestColleges data report, the average federal student loan debt was $37,358 in 2022. Math students who become math teachers at the secondary school level may qualify for up to $17,500 in loan forgiveness, as per the Federal Student Aid website.

Grants

Grants and scholarships offer some of the most appealing funding for students because they do not require repayment. Unlike scholarships, which tend to reward academic merit, grants focus on financial need. Federal Pell grants are some of the most common and accessible funding programs available.

Work-Study Programs

Work-study programs set students up with job placements while they study. Work-study jobs provide a wage in return for labor, but they also tend to accommodate student schedules. Wherever possible, schools try to align these appointments with the student’s chosen discipline.

Scholarships

Scholarship programs come from many sources, including the government, schools, and private organizations. Prospective students can find scholarships via online databases or through individual schools and organizations. As a desirable STEM discipline, mathematics programs qualify students for many scholarship programs.

Most Affordable Accredited Online Bachelor’s in Mathematics Degree Programs

Rankings compiled by the the BestColleges Ranking Team

How We Rank Schools

At BestColleges, we believe a college education is one of the most important investments you can make. We want to help you navigate the college selection process by offering transparent, inclusive, and relevant school rankings.

Our rankings are grounded in a few guiding principles and use the latest statistical data available from trusted sources. Read our ranking methodology. We hope our approach helps you find the school that is best for you.

#1 Most Affordable Online Mathematics Degree Programs

Bellevue University

  • Location-markerBellevue, NE
  • 4 year
  • Campus + Online
Average Undergrad Tuition
  • In-State$7,176
  • Out-of-state$7,176
Average Graduate Tuition
  • In-State$10,530
  • Out-of-state$10,530
  • Retention Rate78%
  • Acceptance RateN/A
  • Students Enrolled11,637
  • Institution TypePrivate
  • Percent Online Enrollment95%
  • AccreditationYes
#2 Most Affordable Online Mathematics Degree Programs

Indiana University-East

  • Location-markerRichmond, IN
  • 4 year
  • Campus + Online
Average Undergrad Tuition
  • In-State$6,895
  • Out-of-state$19,346
Average Graduate Tuition
  • In-State$7,264
  • Out-of-state$17,113
  • Retention Rate63%
  • Acceptance Rate63%
  • Students Enrolled3,766
  • Institution TypePublic
  • Percent Online Enrollment79%
  • AccreditationYes
#3 Most Affordable Online Mathematics Degree Programs

University of Massachusetts-Lowell

  • Location-markerLowell, MA
  • 4 year
  • Campus + Online
Average Undergrad Tuition
  • In-State$15,078
  • Out-of-state$33,004
Average Graduate Tuition
  • In-State$14,590
  • Out-of-state$26,370
  • Retention Rate83%
  • Acceptance Rate73%
  • Students Enrolled18,352
  • Institution TypePublic
  • Percent Online Enrollment32%
  • AccreditationYes
#4 Most Affordable Online Mathematics Degree Programs

Louisiana State University-Alexandria

  • Location-markerAlexandria, LA
  • 4 year
  • Campus + Online
Average Undergrad Tuition
  • In-State$4,984
  • Out-of-state$4,984
Average Graduate Tuition
  • In-StateN/A
  • Out-of-stateN/A
  • Retention Rate58%
  • Acceptance Rate56%
  • Students Enrolled3,381
  • Institution TypePublic
  • Percent Online Enrollment65%
  • AccreditationYes
#5 Most Affordable Online Mathematics Degree Programs

Maryville University of Saint Louis

  • Location-markerSaint Louis, MO
  • 4 year
  • Campus + Online
Average Undergrad Tuition
  • In-State$26,070
  • Out-of-state$26,070
Average Graduate Tuition
  • In-State$14,346
  • Out-of-state$14,346
  • Retention Rate83%
  • Acceptance Rate83%
  • Students Enrolled10,013
  • Institution TypePrivate
  • Percent Online Enrollment76%
  • AccreditationYes
#6 Most Affordable Online Mathematics Degree Programs

Ottawa University-Online

  • Location-markerOttawa, KS
  • 4 year
  • Online
Average Undergrad Tuition
  • In-State$11,976
  • Out-of-state$11,976
Average Graduate Tuition
  • In-State$11,430
  • Out-of-state$11,430
  • Retention RateN/A
  • Acceptance RateN/A
  • Students Enrolled261
  • Institution TypePrivate
  • Percent Online EnrollmentN/A
  • AccreditationYes
#7 Most Affordable Online Mathematics Degree Programs

Southern New Hampshire University

  • Location-markerManchester, NH
  • 4 year
  • Campus + Online
Average Undergrad Tuition
  • In-State$30,756
  • Out-of-state$30,756
Average Graduate Tuition
  • In-State$18,810
  • Out-of-state$18,810
  • Retention Rate65%
  • Acceptance Rate88%
  • Students Enrolled113,514
  • Institution TypePrivate
  • Percent Online Enrollment94%
  • AccreditationYes

Frequently Asked Questions About Mathematics Degree Programs

Is a bachelor’s in mathematics worth it?

Yes. While a bachelor’s in mathematics appeals to students with a passion for math, the discipline can be very rewarding as well. Mathematics is an effective foundation for many careers, industries, and advanced degrees. The BLS projects the addition of about 67,200 new math jobs between 2020 and 2030.

Students also gain additional online degree value, which can make their training more accessible and accommodating, particularly for busy schedules. Online students can reach more programs and study while they work, which is a valuable option for those who need to maintain an income to afford their education.

What can I do with a bachelor’s in mathematics?

After completing a bachelor’s in mathematics, graduates can enter the workforce aiding businesses, financial organizations, or government agencies. They can apply their analytical skills to develop solutions or provide valuable insight for these institutions.

Graduates can also pursue a master’s degree in several disciplines, such as mathematics, computer science, economics, or business. With these advanced and specialized credentials, they can access many more fields and senior-level positions.

Are mathematics majors in demand?

Yes. There is a very strong demand for math majors. The BLS projects 33% growth for mathematicians and statisticians between 2020 and 2030, more than four times the projected growth rate of 8% for all occupations. The rise in data usage and statistical analysis for business, healthcare, and government purposes drives this demand.

The BLS also projects 24% growth for actuaries and 25% growth for operations research analysts between 2020 and 2030. These projections work out to additions of about 15,000 mathematicians and statisticians, nearly 7,000 actuaries, and over 25,000 operations research analysts over the decade.

How much money can I make with a bachelor’s in mathematics?

The wages available to professionals with a bachelor’s in mathematics depend on many variables. The median annual salary for math occupations was $98,680 in May 2021, per the BLS. That number fluctuates by employer, industry, location, and professional experience.

Mathematicians and statisticians made median annual wages of $96,280 in May 2021, with mathematicians earning $108,100 and statisticians earning $95,570. Operations research analysts made median annual wages of $82,360 in May 2021, while the top 10% made over $160,850.

What are the highest-paying jobs with a bachelor’s in mathematics?

The highest-paying job for graduates with a bachelor’s in mathematics belongs to actuaries. According to the BLS, these professionals made median annual salaries of $105,900 in May 2021. The top 10% of professionals made more than $206,820.

Among the major employment sectors, the top-paying industry was the government, paying median annual wages of $110,590 in May 2021. The finance and insurance industry paid $110,000, professional and technical services paid $101,600, and enterprise management paid $101,510.

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