2022 Best Value Insurance Schools for a Bachelor’s in Illinois

With all of the options students have for higher education today, it can be tough to choose which direction to take. College Factual has developed its “Best Value Insurance Schools for a Bachelor’s in Illinois” 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 Illinois, there were 83 insurance graduates with average earnings and debt of $52,800 and $19,500 respectively. At the bachelor’s degree level specifically, there were 71 insurance graduates with average earnings and debt of $38,319 and $24,183 respectively.

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. For more information, check out our ranking methodology.

More Ways to Rank Insurance Schools

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 Illinois” list, to help you choose the best school for you.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest 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 Illinois

The colleges and universities below are the best for illinois bachelor’s degree insurance students.

Top 1 Best Value Bachelor’s Degree Colleges for Insurance in Illinois

#1

Illinois State University

Normal, Illinois

#1 in overall quality

$20,895 Average Net Price

$57,318 Average Early-Career Earnings

You’ll be in good company if you decide to attend Illinois State University. It ranked #1 on our 2022 Best Value Insurance Schools for a Bachelor’s in Illinois list. Located in Normal, Illinois, this large public school awarded 71 degrees to qualified bachelors’s insurance students in 2019-2020.

Illinois State not only placed well in this ranking. It is also #1 on our “Best Insurance Bachelor’s Degree Schools in Illinois” list. The yearly cost to attend Illinois State University is $20,895 for Illinois Bachelor’s Degree Insurance students.

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%.

Read more about Insurance at Illinois State University

• Best Value Bachelor’s Degree Colleges for Insurance in the Great Lakes Region
• Best Value Bachelor’s Degree Colleges for Insurance

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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