2022 Best Value Bachelor’s Degree Colleges for Insurance in the Great Lakes Region
When it comes to choosing a college, students have a lot of options - but not all of them are good. College Factual has developed its “Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region” ranking as one item you can use to help make this decision.
Insurance is the 206th most popular major in the country with 1,811 degrees awarded in 2019-2020. 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” 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.
Some of the factors we look at when determining these rankings are overall quality of the insurance program at the school and the cost of the school after aid is awarded among other things. See our ranking methodology to learn more.
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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 Insurance Schools for a Bachelor’s in the Great Lakes Region” ranking, along with many other major-related rankings, to help you make that decision.
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. We encourage you to try it out and pit your favorite colleges and universities head to head! If you don’t have time right now, you can bookmark it for later.
Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region
The following schools top our list of the Best Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region.
Top 15 Best Value Bachelor’s Degree Colleges for Insurance in the Great Lakes Region
You’ll join some of the best and brightest minds around if you attend Illinois State University. The school came in at #1 for the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region. This large school is located in Normal, Illinois, and it awarded 71 bachelors’s insurance degrees in 2019-2020.
Illinois State not only placed well in this ranking. It is also #2 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Illinois State University is $20,895 for great lakes region bachelor’s degree insurance students.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%.
Out of the 15 schools in the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region that were part of this year’s ranking, Ferris State University landed the #2 spot on the list. Located in Big Rapids, Michigan, this fairly large public school handed out 7 degrees to qualified bachelors’s insurance students in 2019-2020.
As a testament to the quality of education offered at Ferris, the school also landed the #10 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $12,889 for great lakes region bachelor’s degree insurance students per year to attend Ferris.
You’ll be in good company if you decide to attend Franklin University. It ranked #3 on our 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. Franklin University is located in Columbus, Ohio and, has a medium-sized student population. In 2019-2020, this school awarded 10 bachelors’s insurance degrees to qualified students.
Franklin University not only placed well in this ranking. It is also #14 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Franklin University is $12,895 for great lakes region bachelor’s degree insurance students.
You’ll be in good company if you decide to attend Indiana State University. It ranked #4 on our 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. This fairly large school is located in Terre Haute, Indiana, and it awarded 18 bachelors’s insurance degrees in 2019-2020.
Indiana State also made our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #11. It costs about $13,896 for Great Lakes Region Bachelor’s Degree Insurance students per year to attend Indiana State.
You’ll be in good company if you decide to attend Kent State University at Salem. It ranked #5 on our 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. 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.
Kent State University at Salem not only placed well in this ranking. It is also #15 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $8,050 for Great Lakes Region Bachelor’s Degree Insurance students per year to attend Kent State University at Salem.
With a ranking of #6, University of Wisconsin - Madison did quite well on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. This large school is located in Madison, Wisconsin, and it awarded 137 bachelors’s insurance degrees in 2019-2020.
UW - Madison also made our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #1. The yearly cost to attend University of Wisconsin - Madison is $17,708 for Great Lakes Region Bachelor’s Degree Insurance students.
The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year. The school has an impressive student loan default rate. It’s only 0.8%, which is much lower than the national rate of 10.1%.
Ball State University came in at #7 in this year’s edition of the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region ranking. Ball State University is a large public school situated in Muncie, Indiana. It awarded 22 bachelors’s insurance degrees in 2019-2020.
Ball State also took the #6 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $15,147 for great lakes region bachelor’s degree insurance students per year to attend Ball State University.
University of Cincinnati - Main Campus landed the #8 spot on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region ranking. This large school is located in Cincinnati, Ohio, and it awarded 11 bachelors’s insurance degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree insurance students 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 $21,843 for great lakes region bachelor’s degree insurance students.
With a freshman retention rate of 88%, the school does an excellent job of retaining its students.
Read full report on Insurance at University of Cincinnati - Main Campus
Northwood University came in at #9 in this year’s edition of the Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region ranking. This small school is located in Midland, Michigan, and it awarded 5 bachelors’s insurance degrees in 2019-2020.
Northwood not only placed well in this ranking. It is also #7 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $21,618 for great lakes region bachelor’s degree insurance students per year to attend Northwood.
Since the school has a student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.
With a ranking of #10, Ohio State University - Main Campus did quite well on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. This large school is located in Columbus, Ohio, and it awarded 2 bachelors’s insurance degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree insurance students list, Ohio State has also earned the #4 rank in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Ohio State is $17,616 for Great Lakes Region Bachelor’s Degree Insurance students.
The student loan default rate at the school is 4.4%, which is quite low when compared to the national default rate of 10.1%. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
With a ranking of #11, University of Saint Francis - Fort Wayne did quite well on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. 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 did well in our major quality rankings, too. It placed #8 on our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for University of Saint Francis - Fort Wayne is $17,796 for Great Lakes Region Bachelor’s Degree Insurance students.
Full University of Saint Francis - Fort Wayne Insurance Report
With a ranking of #12, Heidelberg University did quite well on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. This small school is located in Tiffin, Ohio, and it awarded 3 bachelors’s insurance degrees in 2019-2020.
Heidelburg College also made our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #9. The estimated yearly cost for Heidelberg University is $20,893 for Great Lakes Region Bachelor’s Degree Insurance students.
Olivet College ranked #13 on this year’s Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. Olivet, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s insurance degrees to 18 students in 2019-2020.
Olivet also took the #12 spot in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $21,464 for great lakes region bachelor’s degree insurance students per year to attend Olivet.
Ohio Dominican University ranked #14 on this year’s Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region list. Columbus, Ohio is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s insurance degrees to 5 students in 2019-2020.
ODU also made our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #13. The estimated yearly cost for ODU is $19,960 for Great Lakes Region Bachelor’s Degree Insurance students.
Butler University landed the #15 spot on the 2022 Best Value Insurance Schools for a Bachelor’s in the Great Lakes Region ranking. Butler University is a private not-for-profit institution located in Indianapolis, Indiana. The school has a medium-sized population, and it awarded 27 bachelors’s degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree insurance students list, Butler has also earned the #3 rank in our “Best Insurance Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $37,645 for Great Lakes Region Bachelor’s Degree Insurance students per year to attend Butler University.
With a freshman retention rate of 86%, the school does an excellent job of retaining its students. 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%.
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Best Insurance Bachelor's Degree Schools in the Great Lakes Region
Insurance students in the Great Lakes Region
Most Focused Bachelor's Degree Colleges for Insurance in the Great Lakes Region
Insurance students in the Great Lakes Region
Most Popular Bachelor's Degree Online Insurance Schools
Insurance students in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance (Income $0-$30k) in the Great Lakes Region
Insurance students with family income less than $30k in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance (Income $48-$75k) in the Great Lakes Region
Insurance students with family income $48-$75k in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance (Income Over $110k) in the Great Lakes Region
Insurance students with family income exceeding $110k in the Great Lakes Region
Highest Paid Bachelor's Degree Insurance Graduates in the Great Lakes Region
Insurance students in the Great Lakes Region
Most Popular Bachelor's Degree Colleges for Insurance in the Great Lakes Region
Insurance students in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance in the Great Lakes Region (With Aid)
Insurance students getting aid in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance (Income $30-$48k) in the Great Lakes Region
Insurance students with family income $30-$48k in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance (Income $75-$110k) in the Great Lakes Region
Insurance students with family income $75-$110k in the Great Lakes Region
Best Value Bachelor's Degree Colleges for Insurance in the Great Lakes Region
Insurance students in the Great Lakes Region
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.
Credits
- Credit for the banner image above goes to Nick Youngson.
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