2022 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $0-$30k) in Michigan
When it comes to choosing a college, students have a lot of options - but not all of them are good. At College Factual, we’re committed to helping you make that decision by providing information such as that found in our “Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k” ranking.
Actuarial Science is the 274th most popular major in the country with 2,065 degrees awarded in 2019-2020.
Across Michigan, there were 102 actuarial science graduates with average earnings and debt of $0 and $0 respectively. At the bachelor’s degree level specifically, there were 101 actuarial science graduates with average earnings and debt of $40,161 and $25,915 respectively.
This year’s “Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k” ranking analyzed 9 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. Check out our ranking methodology for more information.
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Since the program you select can have a significant impact on your future, we’ve developed a number of rankings, including this “Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k” list, to help you choose the best school for you.
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Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k
The colleges and universities below are the best for michigan bachelor’s degree actuarial science students whose families make $0-$30k.
Top 9 Best Value Bachelor’s Degree Colleges for Actuarial Science (Income $0-$30k) in Michigan
Out of the 9 schools in the Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k that were part of this year’s ranking, Michigan State University landed the #1 spot on the list. Michigan State University is a large school located in East Lansing, Michigan that handed out 30 bachelors’s actuarial science degrees in 2019-2020.
Michigan State not only placed well in this ranking. It is also #1 on our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” list. The estimated yearly cost for Michigan State University is $6,686 for michigan 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 91%. 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%.
You’ll join some of the best and brightest minds around if you attend Ferris State University. The school came in at #2 for the Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k. Ferris State University is a fairly large public school situated in Big Rapids, Michigan. It awarded 7 bachelors’s actuarial science degrees in 2019-2020.
As a testament to the quality of education offered at Ferris, the school also landed the #4 spot in our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” ranking. The yearly cost to attend Ferris State University is $7,207 for Michigan Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
You’ll be in good company if you decide to attend Oakland University. It ranked #3 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. Located in Rochester Hills, Michigan, this fairly large public school handed out 9 degrees to qualified bachelors’s actuarial science students in 2019-2020.
Oakland also took the #5 spot in our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” ranking. It costs about $7,490 for michigan bachelor’s degree actuarial science students whose families make $0-$30k per year to attend Oakland University.
You’ll join some of the best and brightest minds around if you attend Central Michigan University. The school came in at #4 for the Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k. 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.
Central Michigan also took the #3 spot in our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” ranking. It costs about $11,598 for Michigan Bachelor’s Degree Actuarial Science students whose families make $0-$30k per year to attend Central Michigan.
You’ll join some of the best and brightest minds around if you attend University of Michigan - Flint. The school came in at #5 for the Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k. 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.
UM Flint not only placed well in this ranking. It is also #8 on our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend University of Michigan - Flint is $7,955 for Michigan Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Read full report on Actuarial Science at University of Michigan - Flint
Eastern Michigan University came in at #6 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. This fairly large school is located in Ypsilanti, Michigan, and it awarded 5 bachelors’s actuarial science degrees in 2019-2020.
Eastern Michigan did well in our major quality rankings, too. It placed #9 on our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Eastern Michigan is $13,904 for Michigan Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Spring Arbor University landed the #7 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking. Spring Arbor 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.
In addition to being on our michigan bachelor’s degree actuarial science students whose families make $0-$30k list, Spring Arbor has also earned the #6 rank in our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Spring Arbor University is $14,962 for Michigan Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
Calvin University ranked #8 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k list. 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 did well in our major quality rankings, too. It placed #2 on our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” list. The yearly cost to attend Calvin is $21,344 for Michigan Bachelor’s Degree Actuarial Science students whose families make $0-$30k.
The low student loan default rate of 1.6% 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%. The school has an excellent freshman retention rate of 87%, which means students like the school well enough to return for a second year.
Olivet College did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in Michigan For Those Making $0-$30k ranking, coming in at #9. Olivet is a small private not-for-profit school situated in Olivet, Michigan. It awarded 9 bachelors’s actuarial science degrees in 2019-2020.
As a testament to the quality of education offered at Olivet, the school also landed the #7 spot in our “Best Actuarial Science Bachelor’s Degree Schools in Michigan” ranking. The estimated yearly cost for Olivet is $20,867 for michigan bachelor’s degree actuarial science students whose families make $0-$30k.
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Actuarial Science students with family income $75-$110k in Michigan
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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