2022 Best Value Master’s Degree Colleges for Actuarial Science (Income $0-$30k) in the Great Lakes Region

When it comes to choosing a college, students have a lot of options - but not all of them are good. 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 Master’s in the Great Lakes Region For Those Making $0-$30k” 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 master’s degree level specifically, there were 40 actuarial science graduates with average earnings and debt of $57,039 and $42,488 respectively.

This year’s “Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k” ranking looked at 5 colleges that offer degrees in a bachelor’s 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. See our ranking methodology to learn more.

More Ways to Rank Actuarial Science Schools

The actuarial science 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 Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k”.

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. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.

Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k

The colleges and universities below are the best for great lakes region master’s degree actuarial science students whose families make $0-$30k.

Top 5 Best Value Master’s Degree Colleges for Actuarial Science (Income $0-$30k) in the Great Lakes Region

#1

University of Illinois at Urbana-Champaign

Champaign, Illinois

#1 in overall quality

$30,083 Avg Grad Tuition & Fees

Out of the 5 schools in the Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, University of Illinois at Urbana-Champaign landed the #1 spot on the list. This large school is located in Champaign, Illinois, and it awarded 24 masters’s actuarial science degrees in 2019-2020.

UIUC also made our “Best Actuarial Science Master’s Degree Schools in the Great Lakes Region” list, coming in at #1. Average graduate tuition and fees at UIUC are $30,083, but you may pay more or less depending on your major.

Full UIUC Actuarial Science Report

#2

Ohio State University - Main Campus

Columbus, Ohio

#2 in overall quality

$37,141 Avg Grad Tuition & Fees

Out of the 5 schools in the Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, Ohio State University - Main Campus landed the #2 spot on the list. Located in Columbus, Ohio, this large public school handed out 8 diplomas to qualified masters’s actuarial science students in 2019-2020.

In addition to being on our great lakes region master’s degree actuarial science students whose families make $0-$30k list, Ohio State has also earned the #2 rank in our “Best Actuarial Science Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Ohio State are $37,141, but you may pay more or less depending on your major.

Read more about Actuarial Science at Ohio State University - Main Campus

#3

Ball State University

Muncie, Indiana

#4 in overall quality

$26,204 Avg Grad Tuition & Fees

You’ll be in good company if you decide to attend Ball State University. It ranked #3 on our 2022 Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k list. Ball State is a large public school situated in Muncie, Indiana. It awarded 4 masters’s actuarial science degrees in 2019-2020.

Ball State not only placed well in this ranking. It is also #4 on our “Best Actuarial Science Master’s Degree Schools in the Great Lakes Region” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Ball State University are $26,204.

Read full report on Actuarial Science at Ball State

#4

Roosevelt University

Chicago, Illinois

$21,605 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Roosevelt University. The school came in at #4 for the Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k. Roosevelt is a small school located in Chicago, Illinois that handed out 1 masters’s actuarial science degrees in 2019-2020.

As a testament to the quality of education offered at Roosevelt, the school also landed the #0 spot in our “Best Actuarial Science Master’s Degree Schools in the Great Lakes Region” ranking. Average graduate tuition and fees at Roosevelt are $21,605, but some majors have different tuition rates.

Read full report on Actuarial Science at Roosevelt

#5

DePaul University

Chicago, Illinois

#3 in overall quality

$19,760 Avg Grad Tuition & Fees

Out of the 5 schools in the Best Value Actuarial Science Schools for a Master’s in the Great Lakes Region For Those Making $0-$30k that were part of this year’s ranking, DePaul University landed the #5 spot on the list. This large school is located in Chicago, Illinois, and it awarded 3 masters’s actuarial science degrees in 2019-2020.

DePaul also took the #3 spot in our “Best Actuarial Science Master’s Degree Schools in the Great Lakes Region” ranking. Although you might pay more or less depending on your area of study, average graduate tuition and fees at DePaul University are $19,760.

Read more about Actuarial Science at DePaul

• Best Value Master’s Degree Colleges for Actuarial Science (Income $0-$30k)

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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