2022 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $30-$48k) in the Great Lakes Region
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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.
This year’s “Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k” ranking analyzed 37 colleges that offered 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.
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 actuarial science program at the school. For more information, check out our ranking methodology.
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When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k” list to help you make the college decision.
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Best Value Actuarial Science 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 Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k.
Top 25 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $30-$48k) 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 $30-$48k that were part of this year’s ranking, University of Wisconsin - Madison landed the #1 spot on the list. Madison, Wisconsin is the setting for this large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 70 students in 2019-2020.
UW - Madison not only placed well in this ranking. It is also #1 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend University of Wisconsin - Madison is $6,860 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
The low student loan default rate of 0.8% 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%. The school has an excellent freshman retention rate of 95%, which means students like the school well enough to return for a second year.
You’ll be in good company if you decide to attend Purdue University - Main Campus. It ranked #2 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. This large school is located in West Lafayette, Indiana, and 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 $5,879 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k per year to attend Purdue University - Main Campus.
The school has an excellent freshman retention rate of 93%, which means students like the school well enough to return for a second year. 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%.
Out of the 37 schools in the Best Value Actuarial Science 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 Illinois at Urbana-Champaign landed the #3 spot on the list. UIUC is a large public school situated in Champaign, Illinois. It awarded 110 bachelors’s actuarial science degrees in 2019-2020.
UIUC also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #2. It costs about $8,464 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k per year to attend UIUC.
The school has an impressive student loan default rate. It’s only 2.4%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
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 $30-$48k list. Ohio State is a large school located in Columbus, Ohio that handed out 81 bachelors’s actuarial science degrees in 2019-2020.
Ohio State not only placed well in this ranking. It is also #4 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Ohio State is $10,037 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
The school has an excellent freshman retention rate of 94%, 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 4.4%, which is much lower than the national rate of 10.1%.
Full Ohio State University - Main Campus Actuarial Science Report
You’ll join some of the best and brightest minds around if you attend Indiana University - Northwest. 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 $30-$48k. Indiana University - Northwest is located in Gary, Indiana and, has a small student population. In 2019-2020, this school awarded 4 bachelors’s actuarial science degrees to qualified students.
It costs about $4,960 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k per year to attend IU Northwest.
Read full report on Actuarial Science at Indiana University - Northwest
University of Wisconsin - Eau Claire came in at #6 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. UW - Eau Claire is a fairly large school located in Eau Claire, Wisconsin that handed out 3 bachelors’s actuarial science degrees in 2019-2020.
UW - Eau Claire also took the #11 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend University of Wisconsin - Eau Claire is $11,828 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
Read more about Actuarial Science at University of Wisconsin - Eau Claire
Oakland University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #7. Oakland is a fairly large school located in Rochester Hills, Michigan that handed out 9 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 $30-$48k list, Oakland has also earned the #25 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Oakland is $7,751 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
Indiana University - South Bend did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #8. Indiana University - South Bend is a small school located in South Bend, Indiana that handed out 2 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for Indiana University - South Bend is $5,057 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
Read more about Actuarial Science at Indiana University - South Bend
With a ranking of #9, Ball State University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. Located in Muncie, Indiana, this large public school handed out 13 degrees to qualified bachelors’s actuarial science students in 2019-2020.
Ball State also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #18. The estimated yearly cost for Ball State University is $10,487 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
Ferris State University 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 $30-$48k ranking. Located in Big Rapids, Michigan, this fairly large public school handed out 7 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
Ferris not only placed well in this ranking. It is also #24 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Ferris is $10,521 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
With a ranking of #11, Purdue University Fort Wayne did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. Located in Fort Wayne, Indiana, this medium-sized public school handed out 5 degrees to qualified bachelors’s actuarial science students in 2019-2020.
The yearly cost to attend PFW is $7,686 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
Michigan State University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #12. This large school is located in East Lansing, Michigan, and it awarded 30 bachelors’s actuarial science degrees in 2019-2020.
Michigan State also took the #6 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Michigan State is $15,197 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 3.6%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
University of Michigan - Flint came in at #13 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. UM Flint is a medium-sized school located in Flint, Michigan that handed out 7 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for UM Flint is $9,512 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
Central Michigan University came in at #14 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. Central Michigan University is located in Mount Pleasant, Michigan and, has a fairly large student population. In 2019-2020, this school awarded 28 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 $30-$48k list, Central Michigan has also earned the #22 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Central Michigan is $12,127 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
Aurora University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #15. Located in Aurora, Illinois, this medium-sized private not-for-profit school awarded 6 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
Aurora did well in our major quality rankings, too. It placed #19 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Aurora University is $13,845 for Great Lakes Region Bachelor’s Degree Actuarial Science 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%.
Illinois College ranked #16 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. This small school is located in Jacksonville, Illinois, and it awarded 1 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for Illinois College is $12,454 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
With a ranking of #17, Ashland University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. This small school is located in Ashland, Ohio, and it awarded 5 bachelors’s actuarial science degrees in 2019-2020.
Ashland not only placed well in this ranking. It is also #23 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Ashland is $16,844 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
The school has an impressive student loan default rate. It’s only 4.0%, which is much lower than the national rate of 10.1%.
Otterbein University came in at #18 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. This small school is located in Westerville, Ohio, and it awarded 11 bachelors’s actuarial science degrees in 2019-2020.
Otterbein also took the #14 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Otterbein is $17,236 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
The low student loan default rate of 4.0% 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%.
University of Wisconsin - Milwaukee landed the #19 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking. Milwaukee, Wisconsin is the setting for this large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 11 students in 2019-2020.
The estimated yearly cost for UWM is $14,957 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
Olivet Nazarene 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 $30-$48k ranking. Olivet Nazarene is a small school located in Bourbonnais, Illinois that handed out 8 bachelors’s actuarial science degrees in 2019-2020.
As a testament to the quality of education offered at Olivet Nazarene, the school also landed the #20 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Olivet Nazarene University is $15,390 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
The student loan default rate at the school is 3.4%, which is quite low when compared to the national default rate of 10.1%.
With a ranking of #21, Milwaukee School of Engineering did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. Milwaukee School of Engineering is a small school located in Milwaukee, Wisconsin that handed out 11 bachelors’s actuarial science degrees in 2019-2020.
MSOE also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #5. The yearly cost to attend MSOE is $16,882 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
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%.
Bradley University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #22. Peoria, Illinois is the setting for this medium-sized institution of higher learning. The private not-for-profit school handed out bachelors’s actuarial science degrees to 3 students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students whose families make $30-$48k list, Bradley has also earned the #10 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $18,232 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k per year to attend Bradley University.
With a freshman retention rate of 86%, the school does an excellent job of retaining its students. 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%.
Marietta College ranked #23 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. Marietta is located in Marietta, Ohio and, has a small student population. In 2019-2020, this school awarded 1 bachelors’s actuarial science degrees to qualified students.
The estimated yearly cost for Marietta is $16,891 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
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.
Eastern Michigan University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k ranking, coming in at #24. Eastern Michigan University is a fairly large school located in Ypsilanti, Michigan that handed out 5 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for Eastern Michigan University is $14,136 for great lakes region bachelor’s degree actuarial science students whose families make $30-$48k.
With a ranking of #25, Carroll University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $30-$48k list. Located in Waukesha, Wisconsin, this small private not-for-profit school awarded 8 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 $30-$48k list, Carroll U has also earned the #12 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Carroll U is $20,156 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $30-$48k.
The student loan default rate at the school is 3.2%, which is quite low when compared to the national default rate of 10.1%.
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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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