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2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k

15 Ranked Colleges
349 Degrees Awarded
$14,400 Avg Net Price*
Best Value Insurance Schools for a Bachelor's in the Great Lakes Region For Those Making $30-$48k

When it comes to choosing a college, students have a lot of options - but not all of them are good. 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 Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k” ranking is part of that endeavor.

In 2019-2020, 1,811 people earned their degree in insurance, making the major the 206th most popular in the United States. In 2017-2018, insurance graduates who were awarded their degree in 2015-2017, earned an average of $57,694 and had an average of $23,336 in loans still to pay off.

Across the Great Lakes region, there were 397 insurance graduates with average earnings and debt of $55,167 and $22,167 respectively. At the bachelor’s degree level specifically, there were 349 insurance graduates with average earnings and debt of $39,075 and $25,381 respectively.

This year’s “Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k” ranking analyzed 15 colleges that offered a degree in insurance. The schools that top this list are recognized because they have great insurance programs and cost less that 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 insurance program at the school. Check out our ranking methodology for more information.

One Size Does Not Fit All

Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k” list, to help you choose the best school for you.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k

The following schools top our list of the Best Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k.

Top 15 Best Value Bachelor’s Degree Colleges for Insurance (Income $30-$48k) in the Great Lakes Region

Out of the 15 schools in the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k that were part of this year’s ranking, University of Wisconsin - Madison landed the #1 spot on the list. UW - Madison is a large school located in Madison, Wisconsin that handed out 137 bachelors’s insurance degrees in 2019-2020.

In addition to being on our great lakes region bachelor’s degree insurance students whose families make $30-$48k list, UW - Madison has also earned the #1 rank in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend University of Wisconsin - Madison is $6,860 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k.

With a freshman retention rate of 95%, the school does an excellent job of retaining its students. The student loan default rate at the school is 0.8%, which is quite low when compared to the national default rate of 10.1%.

Full University of Wisconsin - Madison Insurance Report

#2

Franklin University

Columbus, Ohio
#14 in overall quality

You’ll join some of the best and brightest minds around if you attend Franklin University. The school came in at #2 for the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k. Columbus, Ohio is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s insurance degrees to 10 students in 2019-2020.

In addition to being on our great lakes region bachelor’s degree insurance students whose families make $30-$48k list, Franklin University has also earned the #14 rank in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Franklin University is $11,992 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k.

Read more about Insurance at Franklin University

#4 in overall quality

You’ll join some of the best and brightest minds around if you attend Ohio State University - Main Campus. The school came in at #3 for the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k. Columbus, Ohio is the setting for this large institution of higher learning. The public school handed out bachelors’s insurance degrees to 2 students in 2019-2020.

Ohio State did well in our major quality rankings, too. It placed #4 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Ohio State is $10,037 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k.

The low student loan default rate of 4.4% 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 94%.

Read more about Insurance at Ohio State University - Main Campus

#4

Ball State University

Muncie, Indiana
#6 in overall quality

Out of the 15 schools in the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k that were part of this year’s ranking, Ball State University landed the #4 spot on the list. Muncie, Indiana is the setting for this large institution of higher learning. The public school handed out bachelors’s insurance degrees to 22 students in 2019-2020.

Ball State not only placed well in this ranking. It is also #6 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $10,487 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k per year to attend Ball State.

Full Ball State Insurance Report

#5

Illinois State University

Normal, Illinois

Out of the 15 schools in the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k that were part of this year’s ranking, Illinois State University landed the #5 spot on the list. This large school is located in Normal, Illinois, and it awarded 71 bachelors’s insurance degrees in 2019-2020.

As a testament to the quality of education offered at Illinois State, the school also landed the #2 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Illinois State is $14,999 for great lakes region bachelor’s degree insurance students whose families make $30-$48k.

The school has an impressive student loan default rate. It’s only 4.4%, which is much lower than the national rate of 10.1%.

Full Illinois State University Insurance Report

#6

Ferris State University

Big Rapids, Michigan
#10 in overall quality

Ferris State University came in at #6 in this year’s edition of the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. This fairly large school is located in Big Rapids, Michigan, and it awarded 7 bachelors’s insurance degrees in 2019-2020.

Ferris not only placed well in this ranking. It is also #10 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Ferris is $10,521 for great lakes region bachelor’s degree insurance students whose families make $30-$48k.

Read full report on Insurance at Ferris

#7

Indiana State University

Terre Haute, Indiana

Indiana State University did quite well in the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #7. Indiana State is located in Terre Haute, Indiana and, has a fairly large student population. In 2019-2020, this school awarded 18 bachelors’s insurance degrees to qualified students.

Indiana State did well in our major quality rankings, too. It placed #11 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Indiana State University is $11,182 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k.

Read full report on Insurance at Indiana State University

#15 in overall quality

Kent State University at Salem landed the #8 spot on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. Kent State University at Salem is located in Salem, Ohio and, has a small student population. In 2019-2020, this school awarded 4 bachelors’s insurance degrees to qualified students.

As a testament to the quality of education offered at Kent State University at Salem, the school also landed the #15 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Kent State University at Salem is $7,028 for great lakes region bachelor’s degree insurance students whose families make $30-$48k.

Read full report on Insurance at Kent State University at Salem

#9

Northwood University

Midland, Michigan
#7 in overall quality

Northwood University did quite well in the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #9. Northwood is located in Midland, Michigan and, has a small student population. In 2019-2020, this school awarded 5 bachelors’s insurance degrees to qualified students.

Northwood did well in our major quality rankings, too. It placed #7 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $14,903 for great lakes region bachelor’s degree insurance students whose families make $30-$48k per year to attend Northwood University.

With a student-to-faculty ratio of 9 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed.

Full Northwood University Insurance Report

#5 in overall quality

University of Cincinnati - Main Campus came in at #10 in this year’s edition of the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. University of Cincinnati - Main Campus is a large public school situated in Cincinnati, Ohio. It awarded 11 bachelors’s insurance degrees in 2019-2020.

In addition to being on our great lakes region bachelor’s degree insurance students whose families make $30-$48k list, UC has also earned the #5 rank in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend University of Cincinnati - Main Campus is $18,106 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k.

With a freshman retention rate of 88%, the school does an excellent job of retaining its students.

Read more about Insurance at University of Cincinnati - Main Campus

#8 in overall quality

University of Saint Francis - Fort Wayne came in at #11 in this year’s edition of the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. University of St. Francis Fort Wayne is a private not-for-profit institution located in Fort Wayne, Indiana. The school has a small population, and it awarded 9 bachelors’s degrees in 2019-2020.

University of St. Francis Fort Wayne also made our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #8. It costs about $12,041 for great lakes region bachelor’s degree insurance students whose families make $30-$48k per year to attend University of St. Francis Fort Wayne.

Full University of Saint Francis - Fort Wayne Insurance Report

#12

Heidelberg University

Tiffin, Ohio
#9 in overall quality

Heidelberg University landed the #12 spot on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. Located in Tiffin, Ohio, this small private not-for-profit school awarded 3 diplomas to qualified bachelors’s insurance students in 2019-2020.

Heidelburg College also took the #9 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Heidelberg University is $16,683 for Great Lakes Region Bachelor’s Degree Insurance students whose families make $30-$48k.

Read more about Insurance at Heidelburg College

#13

Ohio Dominican University

Columbus, Ohio
#13 in overall quality

With a ranking of #13, Ohio Dominican University did quite well on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. Ohio Dominican University is a small school located in Columbus, Ohio that handed out 5 bachelors’s insurance degrees in 2019-2020.

ODU also took the #13 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Ohio Dominican University is $19,209 for great lakes region bachelor’s degree insurance students whose families make $30-$48k.

Read more about Insurance at ODU

#14

Olivet College

Olivet, Michigan

Olivet College did quite well in the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #14. Located in Olivet, Michigan, this small private not-for-profit school awarded 18 degrees to qualified bachelors’s insurance students in 2019-2020.

In addition to being on our great lakes region bachelor’s degree insurance students whose families make $30-$48k list, Olivet has also earned the #12 rank in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $19,429 for great lakes region bachelor’s degree insurance students whose families make $30-$48k per year to attend Olivet College.

Full Olivet Insurance Report

#15

Butler University

Indianapolis, Indiana
#3 in overall quality

Butler University landed the #15 spot on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. This medium-sized school is located in Indianapolis, Indiana, and it awarded 27 bachelors’s insurance degrees in 2019-2020.

Butler did well in our major quality rankings, too. It placed #3 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Butler is $32,661 for great lakes region bachelor’s degree insurance students whose families make $30-$48k.

The student loan default rate at the school is 2.6%, which is quite low when compared to the national default rate of 10.1%. Students who start out at the school are likely to stick around. The freshman retention rate is 86%.

Read full report on Insurance at Butler

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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.

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