2022 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $48-$75k) in the Great Lakes Region
With all of the options students have for higher education today, it can be tough to choose which direction to take. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k” ranking - to help you make that decision.
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 $48-$75k” 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. Check out our ranking methodology for more information.
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Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k
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 $48-$75k.
Top 25 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $48-$75k) in the Great Lakes Region
You’ll join some of the best and brightest minds around if you attend University of Wisconsin - Madison. The school came in at #1 for the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k. Located in Madison, Wisconsin, this large public school handed out 70 degrees to qualified bachelors’s actuarial science students in 2019-2020.
As a testament to the quality of education offered at UW - Madison, the school also landed the #1 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend UW - Madison is $13,227 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
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%. With a freshman retention rate of 95%, the school does an excellent job of retaining its students.
Read full report on Actuarial Science at University of Wisconsin - Madison
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 $48-$75k list. This large school is located in West Lafayette, Indiana, and it awarded 63 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 $48-$75k list, Purdue has also earned the #3 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Purdue is $9,654 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
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 school has an impressive student loan default rate. It’s only 2.2%, which is much lower than the national rate of 10.1%.
Read more about Actuarial Science at Purdue University - Main Campus
You’ll be in good company if you decide to attend University of Illinois at Urbana-Champaign. It ranked #3 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. University of Illinois at Urbana-Champaign is located in Champaign, Illinois and, has a large student population. In 2019-2020, this school awarded 110 bachelors’s actuarial science degrees to qualified students.
As a testament to the quality of education offered at UIUC, the school also landed the #2 spot 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 $13,351 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
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.
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 $48-$75k list. Columbus, Ohio is the setting for this large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 81 students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students whose families make $48-$75k list, Ohio State has also earned the #4 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Ohio State is $13,982 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
Students who start out at the school are likely to stick around. The freshman retention rate is 94%. 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 be in good company if you decide to attend Indiana University - Northwest. It ranked #5 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Gary, Indiana, this small public school awarded 4 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
The estimated yearly cost for Indiana University - Northwest is $9,473 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
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 $48-$75k ranking, coming in at #6. This fairly large school is located in Rochester Hills, Michigan, and it awarded 9 bachelors’s actuarial science degrees 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. It costs about $10,387 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k per year to attend Oakland University.
With a ranking of #7, University of Wisconsin - Eau Claire did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Located in Eau Claire, Wisconsin, this fairly large public school handed out 3 degrees to qualified bachelors’s actuarial science students 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 estimated yearly cost for UW - Eau Claire is $14,887 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
Read full report on Actuarial Science at University of Wisconsin - Eau Claire
With a ranking of #8, Ferris 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 $48-$75k list. Ferris is a fairly large public school situated in Big Rapids, Michigan. It awarded 7 bachelors’s actuarial science degrees 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 estimated yearly cost for Ferris State University is $14,101 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
Milwaukee School of Engineering ranked #9 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. Milwaukee School of Engineering is a small private not-for-profit school situated in Milwaukee, Wisconsin. It awarded 11 bachelors’s actuarial science degrees in 2019-2020.
As a testament to the quality of education offered at MSOE, the school also landed the #5 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for MSOE is $20,444 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
The low student loan default rate of 1.8% 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%.
Read more about Actuarial Science at Milwaukee School of Engineering
Ball 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 $48-$75k ranking, coming in at #10. Ball State is located in Muncie, Indiana and, has a large student population. In 2019-2020, this school awarded 13 bachelors’s actuarial science degrees to qualified students.
Ball State not only placed well in this ranking. It is also #18 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Ball State University is $15,185 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
Read full report on Actuarial Science at Ball State University
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 $48-$75k ranking, coming in at #11. 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 yearly cost to attend Indiana University - South Bend is $10,585 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
Read more about Actuarial Science at Indiana University - South Bend
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 $48-$75k ranking, coming in at #12. This medium-sized school is located in Aurora, Illinois, and it awarded 6 bachelors’s actuarial science degrees 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 is $15,881 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
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%.
Central 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 $48-$75k ranking, coming in at #13. Mount Pleasant, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 28 students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students whose families make $48-$75k 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 estimated yearly cost for Central Michigan is $14,591 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
With a ranking of #14, Michigan 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 $48-$75k list. East Lansing, Michigan is the setting for this large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 30 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. It costs about $20,696 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k per year to attend Michigan State University.
The low student loan default rate of 3.6% 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%. With a freshman retention rate of 91%, the school does an excellent job of retaining its students.
Read more about Actuarial Science at Michigan State University
Purdue University Fort Wayne came in at #15 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Purdue University Fort Wayne is a medium-sized school located in Fort Wayne, Indiana that handed out 5 bachelors’s actuarial science degrees in 2019-2020.
The yearly cost to attend PFW is $12,023 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
Read more about Actuarial Science at Purdue University Fort Wayne
Olivet Nazarene University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #16. This small school is located in Bourbonnais, Illinois, and it awarded 8 bachelors’s actuarial science degrees in 2019-2020.
Olivet Nazarene did well in our major quality rankings, too. It placed #20 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Olivet Nazarene University is $17,841 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
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%.
University of Michigan - Flint landed the #17 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. University of Michigan - Flint is located in Flint, Michigan and, has a medium-sized student population. In 2019-2020, this school awarded 7 bachelors’s actuarial science degrees to qualified students.
The estimated yearly cost for University of Michigan - Flint is $13,343 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
Valparaiso University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking, coming in at #18. Valparaiso University is a private not-for-profit institution located in Valparaiso, Indiana. The school has a small population, and it awarded 9 bachelors’s degrees in 2019-2020.
Valpo also took the #9 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Valparaiso University is $17,661 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
The student loan default rate at the school is 2.9%, which is quite low when compared to the national default rate of 10.1%.
Calvin University came in at #19 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Calvin is a private not-for-profit institution located in Grand Rapids, Michigan. The school has a small population, and it awarded 4 bachelors’s degrees in 2019-2020.
Calvin not only placed well in this ranking. It is also #7 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Calvin is $23,773 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
The school has an impressive student loan default rate. It’s only 1.6%, which is much lower than the national rate of 10.1%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
Eastern Michigan University ranked #20 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. 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 yearly cost to attend Eastern Michigan University is $16,042 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
Read full report on Actuarial Science at Eastern Michigan University
Illinois College came in at #21 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Illinois College is located in Jacksonville, Illinois and, has a small student population. In 2019-2020, this school awarded 1 bachelors’s actuarial science degrees to qualified students.
The yearly cost to attend Illinois College is $14,942 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k.
With a ranking of #22, University of Wisconsin - Milwaukee did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. University of Wisconsin - Milwaukee is a large public school situated in Milwaukee, Wisconsin. It awarded 11 bachelors’s actuarial science degrees in 2019-2020.
It costs about $17,881 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k per year to attend UWM.
Read full report on Actuarial Science at University of Wisconsin - Milwaukee
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 $48-$75k list. Marietta College is a private not-for-profit institution located in Marietta, Ohio. The school has a small population, and it awarded 1 bachelors’s degrees in 2019-2020.
It costs about $17,712 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k per year to attend Marietta College.
The impressive student-to-faculty ratio of 8 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools.
Spring Arbor University ranked #24 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k list. This small school is located in Spring Arbor, Michigan, and it awarded 2 bachelors’s actuarial science degrees in 2019-2020.
It costs about $18,662 for great lakes region bachelor’s degree actuarial science students whose families make $48-$75k per year to attend Spring Arbor.
Read more about Actuarial Science at Spring Arbor University
Otterbein University came in at #25 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Making $48-$75k ranking. Westerville, Ohio is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s actuarial science degrees to 11 students in 2019-2020.
Otterbein not only placed well in this ranking. It is also #14 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Otterbein is $23,443 for Great Lakes Region Bachelor’s Degree Actuarial Science students whose families make $48-$75k.
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%.
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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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