2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid
With all of the options students have for higher education today, it can be tough to choose which direction to take. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid” ranking is one tool we have developed to help in this regard.
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 For Those Getting Aid” ranking looked at 37 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.
Some of the factors we look at when determining these rankings are overall quality of the actuarial science program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.
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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 Bachelor’s in the Great Lakes Region For Those Getting Aid”.
We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.
Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid
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 Getting Aid.
Top 25 Best Value Bachelor’s Degree Colleges for Actuarial Science in the Great Lakes Region (With Aid)
Out of the 37 schools in the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid that were part of this year’s ranking, University of Wisconsin - Madison landed the #1 spot on the list. University of Wisconsin - Madison is located in Madison, Wisconsin and, has a large student population. In 2019-2020, this school awarded 70 bachelors’s actuarial science degrees to qualified students.
UW - Madison not only placed well in this ranking. It is also #1 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $17,708 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid per year to attend University of Wisconsin - Madison.
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 join some of the best and brightest minds around if you attend University of Illinois at Urbana-Champaign. The school came in at #2 for the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid. This large school is located in Champaign, Illinois, and it awarded 110 bachelors’s actuarial science degrees in 2019-2020.
UIUC also took the #2 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for UIUC is $15,880 for great lakes region bachelor’s degree actuarial science students with aid.
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%. Students who start out at the school are likely to stick around. The freshman retention rate is 94%.
Out of the 37 schools in the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid that were part of this year’s ranking, Purdue University - Main Campus landed the #3 spot on the list. Purdue is located in West Lafayette, Indiana and, has a large student population. In 2019-2020, this school awarded 63 bachelors’s actuarial science degrees to qualified students.
Purdue not only placed well in this ranking. It is also #3 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Purdue is $13,986 for great lakes region bachelor’s degree actuarial science students with aid.
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 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%.
Out of the 37 schools in the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid that were part of this year’s ranking, Indiana University - Northwest landed the #4 spot on the list. This small school is located in Gary, Indiana, and it awarded 4 bachelors’s actuarial science degrees in 2019-2020.
The yearly cost to attend Indiana University - Northwest is $7,755 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
You’ll be in good company if you decide to attend Michigan State University. It ranked #5 on our 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid list. Located in East Lansing, Michigan, this large public school handed out 30 diplomas to qualified bachelors’s actuarial science 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. The yearly cost to attend Michigan State University is $19,173 for great lakes region bachelor’s degree actuarial science students with aid.
The student loan default rate at the school is 3.6%, which is quite low when compared to the national default rate of 10.1%. The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year.
Read full report on Actuarial Science at Michigan State University
University of Wisconsin - Eau Claire came in at #6 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. UW - Eau Claire is a fairly large public school situated in Eau Claire, Wisconsin. It awarded 3 bachelors’s actuarial science degrees in 2019-2020.
UW - Eau Claire did well in our major quality rankings, too. It placed #11 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for University of Wisconsin - Eau Claire is $16,020 for great lakes region bachelor’s degree actuarial science students with aid.
Ball State University landed the #7 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. This large school is located in Muncie, Indiana, and it awarded 13 bachelors’s actuarial science 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. The yearly cost to attend Ball State University is $15,147 for great lakes region bachelor’s degree actuarial science students with aid.
Ohio State University - Main Campus landed the #8 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Located in Columbus, Ohio, this large public school awarded 81 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
Ohio State also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #4. The estimated yearly cost for Ohio State is $17,616 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
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%. With a freshman retention rate of 94%, the school does an excellent job of retaining its students.
Read more about Actuarial Science at Ohio State University - Main Campus
Ferris State University did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking, coming in at #9. Big Rapids, Michigan is the setting for this fairly large institution of higher learning. The public school handed out bachelors’s actuarial science degrees to 7 students in 2019-2020.
Ferris did well in our major quality rankings, too. It placed #24 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. It costs about $12,889 for great lakes region bachelor’s degree actuarial science students with aid per year to attend Ferris.
Indiana University - South Bend landed the #10 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Indiana University - South Bend is located in South Bend, Indiana and, has a small student population. In 2019-2020, this school awarded 2 bachelors’s actuarial science degrees to qualified students.
It costs about $8,717 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid per year to attend Indiana University - South Bend.
Read full report on Actuarial Science at Indiana University - South Bend
Purdue University Fort Wayne landed the #11 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. PFW is a public institution located in Fort Wayne, Indiana. The school has a medium-sized population, and it awarded 5 bachelors’s degrees in 2019-2020.
It costs about $10,912 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid per year to attend PFW.
Read full report on Actuarial Science at Purdue University Fort Wayne
Oakland University ranked #12 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid list. Located in Rochester Hills, Michigan, this fairly large public school awarded 9 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
As a testament to the quality of education offered at Oakland, the school also landed the #25 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Oakland is $11,802 for great lakes region bachelor’s degree actuarial science students with aid.
Central Michigan University ranked #13 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid list. Located in Mount Pleasant, Michigan, this fairly large public school awarded 28 degrees to qualified bachelors’s actuarial science students in 2019-2020.
Central Michigan also made our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list, coming in at #22. The estimated yearly cost for Central Michigan University is $15,981 for great lakes region bachelor’s degree actuarial science students with aid.
University of Michigan - Flint did quite well in the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking, coming in at #14. UM Flint is a medium-sized public school situated in Flint, Michigan. It awarded 7 bachelors’s actuarial science degrees in 2019-2020.
It costs about $12,734 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid per year to attend UM Flint.
University of Wisconsin - Milwaukee landed the #15 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. University of Wisconsin - Milwaukee is a large public school situated in Milwaukee, Wisconsin. It awarded 11 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for UWM is $17,876 for great lakes region bachelor’s degree actuarial science students with aid.
Aurora University landed the #16 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Aurora is a medium-sized private not-for-profit school situated in Aurora, Illinois. It awarded 6 bachelors’s actuarial science degrees in 2019-2020.
Aurora also took the #19 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. It costs about $17,215 for great lakes region bachelor’s degree actuarial science students with aid per year to attend Aurora University.
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%.
Illinois College came in at #17 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Illinois College is a private not-for-profit institution located in Jacksonville, Illinois. The school has a small population, and it awarded 1 bachelors’s degrees in 2019-2020.
The yearly cost to attend Illinois College is $16,562 for great lakes region bachelor’s degree actuarial science students with aid.
Valparaiso University came in at #18 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Valparaiso, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelors’s actuarial science degrees to 9 students in 2019-2020.
As a testament to the quality of education offered at Valpo, the school also landed 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 $18,852 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
The low student loan default rate of 2.9% 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 ranking of #19, Olivet Nazarene University did quite well on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid list. Located in Bourbonnais, Illinois, this small private not-for-profit school handed out 8 degrees to qualified bachelors’s actuarial science students in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students with aid list, Olivet Nazarene has also earned the #20 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Olivet Nazarene is $20,195 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
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%.
Eastern Michigan University came in at #20 in this year’s edition of the Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Eastern Michigan University is a public institution located in Ypsilanti, Michigan. The school has a fairly large population, and it awarded 5 bachelors’s degrees in 2019-2020.
It costs about $15,924 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid per year to attend Eastern Michigan University.
Read full report on Actuarial Science at Eastern Michigan University
Milwaukee School of Engineering landed the #21 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Milwaukee School of Engineering is a private not-for-profit institution located in Milwaukee, Wisconsin. The school has a small population, and it awarded 11 bachelors’s degrees in 2019-2020.
MSOE did well in our major quality rankings, too. It placed #5 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The yearly cost to attend Milwaukee School of Engineering is $24,440 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
The school has an impressive student loan default rate. It’s only 1.8%, which is much lower than the national rate of 10.1%.
Ashland University landed the #22 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Ashland 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.
Ashland did well in our major quality rankings, too. It placed #23 on our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” list. The estimated yearly cost for Ashland University is $20,111 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
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%.
Otterbein University landed the #23 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. Otterbein University is a small private not-for-profit school situated in Westerville, Ohio. It awarded 11 bachelors’s actuarial science degrees in 2019-2020.
In addition to being on our great lakes region bachelor’s degree actuarial science students with aid list, Otterbein has also earned the #14 rank in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The estimated yearly cost for Otterbein University is $23,386 for great lakes region bachelor’s degree actuarial science students with aid.
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%.
Ohio University - Athens Campus ranked #24 on this year’s Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid list. Located in Athens, Ohio, this large public school handed out 10 diplomas to qualified bachelors’s actuarial science students in 2019-2020.
As a testament to the quality of education offered at OHIO Athens, the school also landed the #15 spot in our “Best Actuarial Science Bachelor’s Degree Schools in the Great Lakes Region” ranking. The yearly cost to attend OHIO Athens is $22,906 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
Marietta College landed the #25 spot on the 2022 Best Value Actuarial Science Schools for a Bachelor’s in the Great Lakes Region For Those Getting Aid ranking. This small school is located in Marietta, Ohio, and it awarded 1 bachelors’s actuarial science degrees in 2019-2020.
The estimated yearly cost for Marietta is $20,786 for Great Lakes Region Bachelor’s Degree Actuarial Science students with aid.
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.
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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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