2022 Best Value Bachelor’s Degree Colleges for Actuarial Science in the Great Lakes Region
It’s not easy to decide which college to attend when there so many options available for students. 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” ranking is part of that endeavor.
In 2019-2020, 2,065 people earned their degree in actuarial science, making the major the 274th most popular in the United States.
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” ranking analyzed 37 colleges that offered a degree in actuarial science. Not only do the schools that top this list have excellent actuarial science programs, but they also 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. 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
The following schools top our list of the Best Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region.
Top 25 Best Value Bachelor’s Degree Colleges for Actuarial Science 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 that were part of this year’s ranking, University of Wisconsin - Eau Claire landed the #1 spot on the list. Eau Claire, Wisconsin is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 3 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. The yearly cost to attend UW - Eau Claire is $16,020 for great lakes region bachelor’s degree actuarial science students.
Read more about Actuarial Science at University of Wisconsin - Eau Claire
You’ll be in good company if you decide to attend Ferris State University. It ranked #2 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Ferris State University is a public institution located in Big Rapids, Michigan. The school has a fairly large population, and it awarded 7 bachelors’s degrees in 2019-2020.
Ferris also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #24. The yearly cost to attend Ferris is $12,889 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
You’ll join some of the best and brightest minds around if you attend Purdue University - Main Campus. The school came in at #3 for the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region. Purdue University - Main Campus is a public institution located in West Lafayette, Indiana. The school has a large population, and it awarded 63 bachelors’s degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students list, Purdue has also earned the #3 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Purdue is $13,986 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 93%.
Full Purdue University - Main Campus Actuarial Science Report
You’ll be in good company if you decide to attend Central Michigan University. It ranked #4 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. This fairly large school is located in Mount Pleasant, Michigan, and it awarded 28 bachelors’s actuarial science degrees in 2019-2020.
As a testament to the quality of education offered at Central Michigan, the school also landed the #22 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Central Michigan University is $15,981 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
You’ll be in good company if you decide to attend Ohio University - Athens Campus. It ranked #5 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. This large school is located in Athens, Ohio, and it awarded 10 bachelors’s actuarial science degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students list, OHIO Athens has also earned the #15 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Ohio University - Athens Campus is $22,906 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
Full Ohio University - Athens Campus Actuarial Science Report
With a ranking of #6, Ashland University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Ashland University is a private not-for-profit institution located in Ashland, Ohio. The school has a small population, and it awarded 5 bachelors’s degrees in 2019-2020.
As a testament to the quality of education offered at Ashland, the school also landed the #23 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Ashland University is $20,111 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
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%.
Aurora University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking, coming in at #7. Aurora University is a private not-for-profit institution located in Aurora, Illinois. The school has a medium-sized population, and it awarded 6 bachelors’s 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 $17,215 for great lakes region bachelor’s degree actuarial science 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 ranking of #8, University of Wisconsin - Milwaukee did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region 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 estimated yearly cost for University of Wisconsin - Milwaukee is $17,876 for great lakes region bachelor’s degree actuarial science students.
With a ranking of #9, Eastern Michigan University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Ypsilanti, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 5 students in 2019-2020.
The estimated yearly cost for Eastern Michigan University is $15,924 for great lakes region bachelor’s degree actuarial science students.
Purdue University Fort Wayne landed the #10 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking. Purdue University Fort Wayne is located in Fort Wayne, Indiana and, has a medium-sized student population. In 2019-2020, this school awarded 5 bachelors’s actuarial science degrees to qualified students.
The estimated yearly cost for PFW is $10,912 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
Read full report on Actuarial Science at Purdue University Fort Wayne
Ball State University ranked #11 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Ball State University is a public institution located in Muncie, Indiana. The school has a large population, and it awarded 13 bachelors’s degrees 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. It costs about $15,147 for great lakes region bachelor’s degree actuarial science students per year to attend Ball State.
Read full report on Actuarial Science at Ball State University
With a ranking of #12, Indiana University - Northwest did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Indiana University - Northwest is a small school located in Gary, Indiana that handed out 4 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for IU Northwest is $7,755 for great lakes region bachelor’s degree actuarial science students.
Read full report on Actuarial Science at Indiana University - Northwest
Indiana University - South Bend landed the #13 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking. Located in South Bend, Indiana, this small public school awarded 2 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
The estimated yearly cost for Indiana University - South Bend is $8,717 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
Read more about Actuarial Science at Indiana University - South Bend
Oakland University landed the #14 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking. Oakland University is a public institution located in Rochester Hills, Michigan. The school has a fairly large population, and it awarded 9 bachelors’s degrees in 2019-2020.
Oakland also took the #25 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $11,802 for great lakes region bachelor’s degree actuarial science students per year to attend Oakland University.
University of Illinois at Urbana-Champaign did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking, coming in at #15. University of Illinois at Urbana-Champaign is a public institution located in Champaign, Illinois. The school has a large population, and it awarded 110 bachelors’s degrees in 2019-2020.
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 UIUC is $15,880 for great lakes region bachelor’s degree actuarial science students.
The low student loan default rate of 2.4% 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%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Ohio State University - Main Campus landed the #16 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking. This large school is located in Columbus, Ohio, and it awarded 81 bachelors’s actuarial science degrees in 2019-2020.
As a testament to the quality of education offered at Ohio State, the school also landed the #4 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Ohio State University - Main Campus is $17,616 for Great Lakes Region Bachelor’s Degree Actuarial Science 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%. The school has an excellent freshman retention rate of 94%, which means students like the school well enough to return for a second year.
Read full report on Actuarial Science at Ohio State University - Main Campus
University of Wisconsin - Madison landed the #17 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking. Located in Madison, Wisconsin, this large public school awarded 70 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
UW - Madison also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #1. It costs about $17,708 for Great Lakes Region Bachelor’s Degree Actuarial Science students per year to attend University of Wisconsin - Madison.
With a freshman retention rate of 95%, the school does an excellent job of retaining its students. 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%.
Read full report on Actuarial Science at University of Wisconsin - Madison
University of Michigan - Flint ranked #18 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. UM Flint is a medium-sized public school situated in Flint, Michigan. It awarded 7 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for University of Michigan - Flint is $12,734 for Great Lakes Region Bachelor’s Degree Actuarial Science students.
Full University of Michigan - Flint Actuarial Science Report
With a ranking of #19, Carroll University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Carroll University is a small school located in Waukesha, Wisconsin that handed out 8 bachelors’s actuarial science degrees in 2019-2020.
Carroll U also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #12. It costs about $23,355 for Great Lakes Region Bachelor’s Degree Actuarial Science students per year to attend Carroll University.
The low student loan default rate of 3.2% 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%.
Otterbein University ranked #20 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Located in Westerville, Ohio, this small private not-for-profit school handed out 11 degrees to qualified bachelors’s actuarial science students in 2019-2020.
As a testament to the quality of education offered at Otterbein, the school also landed the #14 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend Otterbein University is $23,386 for great lakes region bachelor’s degree actuarial science students.
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%.
Bradley University ranked #21 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Located in Peoria, Illinois, this medium-sized private not-for-profit school handed out 3 degrees to qualified bachelors’s actuarial science students in 2019-2020.
Bradley also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #10. The yearly cost to attend Bradley is $25,634 for great lakes region bachelor’s degree actuarial science students.
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%.
Spring Arbor University ranked #22 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Spring Arbor University is a private not-for-profit institution located in Spring Arbor, Michigan. The school has a small population, and it awarded 2 bachelors’s degrees in 2019-2020.
It costs about $19,183 for Great Lakes Region Bachelor’s Degree Actuarial Science students per year to attend Spring Arbor University.
Calvin University came in at #23 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking. Grand Rapids, Michigan 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.
Calvin also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #7. It costs about $26,647 for great lakes region bachelor’s degree actuarial science students per year to attend Calvin.
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%. With a freshman retention rate of 87%, the school does an excellent job of retaining its students.
Olivet Nazarene University ranked #24 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region list. Olivet Nazarene University is a small school located in Bourbonnais, Illinois that handed out 8 bachelors’s actuarial science degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students list, Olivet Nazarene has also earned the #20 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $20,195 for great lakes region bachelor’s degree actuarial science students per year to attend Olivet Nazarene.
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%.
Read full report on Actuarial Science at Olivet Nazarene University
Concordia University, Wisconsin did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region ranking, coming in at #25. Concordia University, Wisconsin is a private not-for-profit institution located in Mequon, Wisconsin. The school has a medium-sized population, and it awarded 3 bachelors’s degrees in 2019-2020.
It costs about $23,855 for great lakes region bachelor’s degree actuarial science students per year to attend Concordia University, Wisconsin.
The school has an impressive student loan default rate. It’s only 4.6%, which is much lower than the national rate of 10.1%.
Read more about Actuarial Science at Concordia University, Wisconsin
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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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