2022 Best Value Colleges for Insurance (Income $30-$48k) in Michigan

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 Insurance Schools in Michigan For Those Making $30-$48k” ranking - to help you make that 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 Michigan, there were 49 insurance graduates with average earnings and debt of $46,100 and $27,000 respectively.

For this year’s “Best Value Insurance Schools in Michigan For Those Making $30-$48k” ranking, we looked at 4 colleges that offer a degree in insurance. Not only do the schools that top this list have excellent insurance 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 insurance program at the school. For more information, check out our ranking methodology.

More Ways to Rank Insurance Schools

The insurance school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Insurance Schools in Michigan For Those Making $30-$48k”.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Insurance Schools in Michigan For Those Making $30-$48k

The colleges and universities below are the best for michigan insurance students whose families make $30-$48k.

Top 4 Best Value Colleges for Insurance (Income $30-$48k) in Michigan

#1

Ferris State University

Big Rapids, Michigan

#4 in overall quality

$10,521 Average Net Price

$47,625 Average Early-Career Earnings

Out of the 4 schools in the Best Value Insurance Schools in Michigan For Those Making $30-$48k that were part of this year’s ranking, Ferris State University landed the #1 spot on the list. This fairly large school is located in Big Rapids, Michigan, and it awarded 11 ’s insurance degrees in 2019-2020.

Ferris did well in our major quality rankings, too. It placed #4 on our “Best Insurance Schools in Michigan” list. The estimated yearly cost for Ferris State University is $10,521 for michigan insurance students whose families make $30-$48k.

Full Ferris State University Insurance Report

#2

Northern Michigan University

Marquette, Michigan

#3 in overall quality

$11,723 Average Net Price

$33,689 Average Early-Career Earnings

Out of the 4 schools in the Best Value Insurance Schools in Michigan For Those Making $30-$48k that were part of this year’s ranking, Northern Michigan University landed the #2 spot on the list. Northern Michigan University is a public institution located in Marquette, Michigan. The school has a medium-sized population, and it awarded 2 ’s degrees in 2019-2020.

Northern Michigan University also took the #3 spot in our “Best Insurance Schools in Michigan” ranking. The yearly cost to attend Northern Michigan University is $11,723 for Michigan Insurance students whose families make $30-$48k.

Full Northern Michigan University Insurance Report

#3

Northwood University

Midland, Michigan

#1 in overall quality

$14,903 Average Net Price

$45,222 Average Early-Career Earnings

You’ll be in good company if you decide to attend Northwood University. It ranked #3 on our 2022 Best Value Insurance Schools in Michigan For Those Making $30-$48k list. Northwood is located in Midland, Michigan and, has a small student population. In 2019-2020, this school awarded 5 ’s insurance degrees to qualified students.

As a testament to the quality of education offered at Northwood, the school also landed the #1 spot in our “Best Insurance Schools in Michigan” ranking. The yearly cost to attend Northwood is $14,903 for michigan insurance students whose families make $30-$48k.

The student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one.

Read full report on Insurance at Northwood

#4

Olivet College

Olivet, Michigan

#2 in overall quality

$19,429 Average Net Price

$35,325 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Olivet College. The school came in at #4 for the Best Value Insurance Schools in Michigan For Those Making $30-$48k. Olivet, Michigan is the setting for this small institution of higher learning. The private not-for-profit school handed out ’s insurance degrees to 31 students in 2019-2020.

Olivet did well in our major quality rankings, too. It placed #2 on our “Best Insurance Schools in Michigan” list. The yearly cost to attend Olivet College is $19,429 for michigan insurance students whose families make $30-$48k.

Read more about Insurance at Olivet

• Best Value Colleges for Insurance (Income $30-$48k) in the Great Lakes Region
• Best Value Colleges for Insurance (Income $30-$48k)

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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