2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k
With all of the options students have for higher education today, it can be tough to choose which direction to take. 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 Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k” ranking is part of that endeavor.
Actuarial Science is the 274th most popular major in the country with 2,065 degrees awarded in 2019-2020.
Across the Great Lakes region, there were 647 actuarial science graduates with average earnings and debt of $0 and $0 respectively. At the bachelor’s degree level specifically, there were 604 actuarial science graduates with average earnings and debt of $39,075 and $25,381 respectively.
For this year’s “Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k” ranking, we looked at 37 colleges that offer a degree in actuarial science. The schools that top this list are recognized because they have great actuarial science programs and cost less that schools of similar quality.
When determining these rankings, we looked at things such as overall quality of the actuarial science program at the school and the cost to attend the school once aid has been awarded. For more information, check out our ranking methodology.
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Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k
The colleges and universities below are the best for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
Top 25 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $0-$30k) in the Great Lakes Region
Out of the 37 schools in the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, University of Wisconsin - Madison landed the #1 spot on the list. UW - Madison is located in Madison, Wisconsin and, has a large student population. In 2019-2020, this school awarded 70 bachelors’s actuarial science degrees to qualified students.
In addition to being on our great lakes region bachelor’s degree actuarial science students whose families make $0-$30k list, UW - Madison has also earned the #1 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for University of Wisconsin - Madison is $4,367 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
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%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students.
You’ll join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #2 for the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k. UIUC is a large school located in Champaign, Illinois that handed out 110 bachelors’s actuarial science degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students whose families make $0-$30k list, UIUC has also earned the #2 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend University of Illinois at Urbana-Champaign is $5,477 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
The student loan default rate at the school is 2.4%, 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.
Read more about Actuarial Science at University of Illinois at Urbana-Champaign
Out of the 37 schools in the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, Purdue University - Main Campus landed the #3 spot on the list. Purdue is a large public school situated in West Lafayette, Indiana. It awarded 63 bachelors’s actuarial science degrees in 2019-2020.
Purdue also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #3. It costs about $5,483 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k per year to attend Purdue University - Main Campus.
Students who start out at the school are likely to stick around. The freshman retention rate is 93%. The low student loan default rate of 2.2% 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%.
You’ll be in good company if you decide to attend Ohio State University - Main Campus. It ranked #4 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k list. Ohio State University - Main Campus is a large public school situated in Columbus, Ohio. It awarded 81 bachelors’s actuarial science degrees in 2019-2020.
Ohio State also took the #4 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $8,194 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k per year to attend Ohio State University - Main Campus.
With a freshman retention rate of 94%, the school does an excellent job of retaining its 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 Actuarial Science at Ohio State University - Main Campus
You’ll join some of the best and brightest minds around if you attend Michigan State University. The school came in at #5 for the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k. Located in East Lansing, Michigan, this large public school handed out 30 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
Michigan State also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #6. The yearly cost to attend Michigan State is $6,686 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
The student loan default rate at the school is 3.6%, 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 91%.
Read full report on Actuarial Science at Michigan State University
Indiana University - Northwest landed the #6 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. This small school is located in Gary, Indiana, and it awarded 4 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for IU Northwest is $3,287 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Ferris State University landed the #7 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Big Rapids, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 7 students in 2019-2020.
Ferris also took the #24 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Ferris is $7,207 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
Ball State University landed the #8 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. This large school is located in Muncie, Indiana, and it awarded 13 bachelors’s actuarial science degrees in 2019-2020.
Ball State did well in our major quality rankings, too. It placed #18 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $8,403 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k per year to attend Ball State.
University of Wisconsin - Eau Claire came in at #9 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Located in Eau Claire, Wisconsin, this fairly large public school handed out 3 degrees to qualified bachelors’s actuarial science students in 2019-2020.
As a testament to the quality of education offered at UW - Eau Claire, the school also landed the #11 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $11,528 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k per year to attend University of Wisconsin - Eau Claire.
Indiana University - South Bend came in at #10 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. South Bend, Indiana is the setting for this small institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 2 students in 2019-2020.
The estimated yearly cost for Indiana University - South Bend is $4,641 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Read full report on Actuarial Science at Indiana University - South Bend
Oakland University came in at #11 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Located in Rochester Hills, Michigan, this fairly large public school awarded 9 degrees to qualified bachelors’s actuarial science students in 2019-2020.
Oakland not only placed well in this ranking. It is also #25 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Oakland is $7,490 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Purdue University Fort Wayne came in at #12 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. This medium-sized school is located in Fort Wayne, Indiana, and it awarded 5 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for PFW is $7,129 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Central Michigan University landed the #13 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Located in Mount Pleasant, Michigan, this fairly large public school awarded 28 degrees to qualified bachelors’s actuarial science students in 2019-2020.
Central Michigan did well in our major quality rankings, too. It placed #22 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Central Michigan University is $11,598 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
With a ranking of #14, University of Michigan - Flint did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k list. Flint, Michigan is the setting for this medium-sized institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 7 students in 2019-2020.
It costs about $7,955 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k per year to attend UM Flint.
Full University of Michigan - Flint Actuarial Science Report
Aurora University ranked #15 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k list. Aurora University is located in Aurora, Illinois and, has a medium-sized student population. In 2019-2020, this school awarded 6 bachelors’s actuarial science degrees to qualified students.
Aurora also took the #19 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Aurora is $14,103 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
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%.
University of Wisconsin - Milwaukee ranked #16 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k list. UWM is a public institution located in Milwaukee, Wisconsin. The school has a large population, and it awarded 11 bachelors’s degrees in 2019-2020.
The yearly cost to attend University of Wisconsin - Milwaukee is $13,222 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
Read full report on Actuarial Science at University of Wisconsin - Milwaukee
With a ranking of #17, Illinois College did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k list. Illinois College is a small private not-for-profit school situated in Jacksonville, Illinois. It awarded 1 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for Illinois College is $11,376 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
Bradley University ranked #18 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k list. Located in Peoria, Illinois, this medium-sized private not-for-profit school handed out 3 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students whose families make $0-$30k list, Bradley has also earned the #10 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Bradley University is $17,205 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Students who start out at the school are likely to stick around. The freshman retention rate is 86%. The school has an impressive student loan default rate. It’s only 2.5%, which is much lower than the national rate of 10.1%.
Milwaukee School of Engineering did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking, coming in at #19. Milwaukee School of Engineering is located in Milwaukee, Wisconsin and, has a small student population. In 2019-2020, this school awarded 11 bachelors’s actuarial science degrees to qualified students.
MSOE not only placed well in this ranking. It is also #5 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for MSOE is $17,186 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
The school has an impressive student loan default rate. It’s only 1.8%, which is much lower than the national rate of 10.1%.
Otterbein University came in at #20 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Otterbein University is a small private not-for-profit school situated in Westerville, Ohio. It awarded 11 bachelors’s actuarial science degrees in 2019-2020.
Otterbein also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #14. The estimated yearly cost for Otterbein University is $17,028 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
The student loan default rate at the school is 4.0%, which is quite low when compared to the national default rate of 10.1%.
Olivet Nazarene University landed the #21 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Bourbonnais, Illinois is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s actuarial science degrees to 8 students in 2019-2020.
Olivet Nazarene also took the #20 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Olivet Nazarene is $15,806 for great lakes region bachelor’s degree actuarial science students whose families make $0-$30k.
The low student loan default rate of 3.4% 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 Actuarial Science at Olivet Nazarene University
Eastern Michigan University landed the #21 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Eastern Michigan University is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 5 bachelors’s degrees in 2019-2020.
The estimated yearly cost for Eastern Michigan is $13,904 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Marietta College landed the #23 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Located in Marietta, Ohio, this small private not-for-profit school handed out 1 degrees to qualified bachelors’s actuarial science students in 2019-2020.
The yearly cost to attend Marietta College is $17,208 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
The student-to-faculty ratio of 8 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.
Ohio University - Athens Campus landed the #24 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Ohio University - Athens Campus is a large public school situated in Athens, Ohio. It awarded 10 bachelors’s actuarial science degrees in 2019-2020.
OHIO Athens also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #15. The estimated yearly cost for OHIO Athens is $17,584 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Read more about Actuarial Science at Ohio University - Athens Campus
University of Evansville landed the #25 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $0-$30k ranking. Evansville, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s actuarial science degrees to 4 students in 2019-2020.
UE also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #21. The estimated yearly cost for University of Evansville is $15,212 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
With a student-to-faculty ratio of 10 to 1, it’s easy to see that the school is committed to helping their undergraduates succeed. The low student loan default rate of 3.3% 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 87%.
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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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