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2026 Best Value Musical Theater Schools in the Great Lakes Region

14 Colleges in the United States
$25,131 Avg Student Debt
$58,653 Avg Median Earnings (10yr)
2026 Best Value Musical Theater Badge [Musical Theater](/majors/visual-and-performing-arts/drama-and-theater-arts/musical-theater/) degree programs vary widely in price and payoff across the country. The schools below stand out for delivering a strong musical theater education at a price that pays off.

College Factual analyzed 36 schools to build this 2026 ranking of the best value musical theater schools.

What’s on this page:

2026 Best Value Musical Theater Schools in the Great Lakes Region

If you want to know which schools deliver the best value for the musical theater degrees they offer, see the list below.

Best Value Musical Theater Schools

1

Our analysis ranked University Of Michigan Ann Arbor the best value for a degree in musical theater in the Great Lakes Region. Set in the city of Ann Arbor, University Of Michigan Ann Arbor is a very large public institution. Students from in state pay about $18,848 in tuition and fees, compared with $63,081 for out-of-state students. Typical student debt for musical theater graduates is $20,798. Musical Theater graduates of University Of Michigan Ann Arbor earn a median of $17,577 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Roughly 16% of applicants are accepted.

2

A rank of #2 makes Millikin University one of the best values for musical theater. Located in the city of Decatur, Millikin University is a small private not-for-profit university. Students from in state pay about $26,792 in tuition and fees. Students borrow a median of $27,000 to complete the musical theater program here. Soon after graduation, musical theater degree recipients from Millikin University generally make around $24,013. Weighed against typical debt, the earnings make a compelling case for value. Roughly 67% of applicants are accepted.

3

Students looking for strong value in musical theater will find it at Indiana University Bloomington, which ranked #3. Set in the city of Bloomington, Indiana University Bloomington is a very large public institution. Students from in state pay about $12,144 in tuition and fees, with out-of-state students paying around $41,891. Students borrow a median of $22,000 to complete the musical theater program here. Soon after graduation, musical theater degree recipients from Indiana University Bloomington generally make around $20,815. That is a strong return on a $22,000 median debt. The acceptance rate is 78%.

4
Oakland University crest
Oakland University
Rochester Hills, MI

Oakland University is a great value for students pursuing a degree in musical theater, landing the #4 spot this year. Located in the suburb of Rochester Hills, Oakland University is a large public university. The average in-state cost of tuition and fees is $17,167, compared with $24,735 for out-of-state students. Musical Theater graduates carry a median of $26,678 in student loans. Musical Theater graduates of Oakland University earn a median of $15,579 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Roughly 88% of applicants are accepted.

5
Central Michigan University crest
Central Michigan University
Mount Pleasant, MI

Central Michigan University is a great value for students pursuing a degree in musical theater, landing the #5 spot this year. Central Michigan University is a large public school located in the town of Mount Pleasant. Expect in-state tuition and fees of around $15,480. Typical student debt for musical theater graduates is $28,000. Soon after graduation, musical theater degree recipients from Central Michigan University generally make around $17,962. Set against $28,000 in median debt, that is a healthy payoff. The acceptance rate is 90%.

6

Eastern Michigan University came in at #6 for value in musical theater this year. Eastern Michigan University is a large public school located in the suburb of Ypsilanti. The average in-state cost of tuition and fees is $16,990. Musical Theater graduates carry a median of $27,492 in student loans. Soon after graduation, musical theater degree recipients from Eastern Michigan University generally make around $47,887. That is a strong return on a $27,492 median debt. Roughly 80% of applicants are accepted.

7
Aurora University crest
Aurora University
Aurora, IL

Aurora University earned the #7 position for value in musical theater this year. Aurora University is a moderately-sized private not-for-profit school located in the suburb of Aurora. Expect in-state tuition and fees of around $29,170. Musical Theater graduates carry a median of $24,507 in student loans. Musical Theater graduates of Aurora University earn a median of $51,483 early in their careers. Set against $24,507 in median debt, that is a healthy payoff. The acceptance rate is 81%.

8

Western Michigan University came in at #8 for value in musical theater this year. Western Michigan University is a large public school located in the city of Kalamazoo. The average in-state cost of tuition and fees is $15,987, compared with $19,952 for out-of-state students. Typical student debt for musical theater graduates is $26,950. Early-career musical theater graduates make about $21,585. That is a strong return on a $26,950 median debt. Roughly 85% of applicants are accepted.

9

Kent State University At Kent earned the #9 position for value in musical theater this year. Set in the suburb of Kent, Kent State University At Kent is a very large public institution. Students from in state pay about $12,220 in tuition and fees, while out-of-state students pay about $21,575. Musical Theater graduates carry a median of $26,000 in student loans. Early-career musical theater graduates make about $24,565. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 86%.

10

Ohio University Main Campus earned the #10 position for value in musical theater this year. Set in the town of Athens, Ohio University Main Campus is a very large public institution. The average in-state cost of tuition and fees is $14,158, compared with $24,838 for out-of-state students. Students borrow a median of $22,750 to complete the musical theater program here. Early-career musical theater graduates make about $19,286. That is a strong return on a $22,750 median debt. Ohio University Main Campus admits about 85% of applicants.

11

Roosevelt University earned the #11 position for value in musical theater this year. Set in the city of Chicago, Roosevelt University is a mid-sized private not-for-profit institution. In-state tuition and fees average $21,315. Typical student debt for musical theater graduates is $26,000. Soon after graduation, musical theater degree recipients from Roosevelt University generally make around $21,001. Weighed against typical debt, the earnings make a compelling case for value. Roughly 97% of applicants are accepted.

12
Otterbein University crest
Otterbein University
Westerville, OH

Otterbein University earned the #12 position for value in musical theater this year. Located in the suburb of Westerville, Otterbein University is a mid-sized private not-for-profit university. In-state tuition and fees average $35,548. Typical student debt for musical theater graduates is $26,822. Soon after graduation, musical theater degree recipients from Otterbein University generally make around $12,546. Weighed against typical debt, the earnings make a compelling case for value. Otterbein University admits about 84% of applicants.

13
North Central College crest
North Central College
Naperville, IL

North Central College came in at #13 for value in musical theater this year. Located in the city of Naperville, North Central College is a mid-sized private not-for-profit university. The average in-state cost of tuition and fees is $45,726. Students borrow a median of $21,000 to complete the musical theater program here. Musical Theater graduates of North Central College earn a median of $20,416 early in their careers. Set against $21,000 in median debt, that is a healthy payoff. The acceptance rate is 77%.

14
Viterbo University crest
Viterbo University
La Crosse, WI

Viterbo University came in at #14 for value in musical theater this year. Viterbo University is a mid-sized private not-for-profit school located in the city of La Crosse. The average in-state cost of tuition and fees is $34,250. Students borrow a median of $26,906 to complete the musical theater program here. Early-career musical theater graduates make about $19,930. Weighed against typical debt, the earnings make a compelling case for value. Viterbo University admits about 72% of applicants.

15

Columbia College Chicago placed #15 among the best values for musical theater. Located in the city of Chicago, Columbia College Chicago is a moderately-sized private not-for-profit university. Students from in state pay about $34,088 in tuition and fees. Musical Theater graduates carry a median of $26,977 in student loans. Soon after graduation, musical theater degree recipients from Columbia College Chicago generally make around $17,929. Set against $26,977 in median debt, that is a healthy payoff. Roughly 90% of applicants are accepted.

16

Northwestern University ranked #16 on our 2026 list of the best value musical theater schools. Northwestern University is a very large private not-for-profit school located in the city of Evanston. Expect in-state tuition and fees of around $68,322. Typical student debt for musical theater graduates is $17,000. Soon after graduation, musical theater degree recipients from Northwestern University generally make around $78,551. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 8%.

17

Baldwin Wallace College ranked #17 on our 2026 list of the best value musical theater schools. Set in the suburb of Berea, Baldwin Wallace College is a mid-sized private not-for-profit institution. Expect in-state tuition and fees of around $39,832. Typical student debt for musical theater graduates is $27,000. Early-career musical theater graduates make about $16,055. Weighed against typical debt, the earnings make a compelling case for value. Baldwin Wallace College admits about 76% of applicants.

18

Illinois Wesleyan University came in at #18 for value in musical theater this year. Illinois Wesleyan University is a small private not-for-profit school located in the city of Bloomington. In-state tuition and fees average $57,704. Musical Theater graduates carry a median of $27,000 in student loans. Musical Theater graduates of Illinois Wesleyan University earn a median of $19,490 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Illinois Wesleyan University admits about 39% of applicants.

19
Xavier University crest
Xavier University
Cincinnati, OH

Xavier University landed the #19 spot for musical theater value this year. Xavier University is a moderately-sized private not-for-profit school located in the city of Cincinnati. In-state tuition and fees average $49,425. Students borrow a median of $26,614 to complete the musical theater program here. Soon after graduation, musical theater degree recipients from Xavier University generally make around $55,045. Set against $26,614 in median debt, that is a healthy payoff. The acceptance rate is 86%.

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Notes and References

This ranking is produced by College Factual (MF_RANKING_2025), 2026 edition. Schools are scored on the balance of cost (tuition and student debt) against student outcomes (post-graduation earnings) — a measure of return on investment, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).

Ranking method: College Major Best Value · 36 schools evaluated.

*Averages shown above reflect the top 14 ranked schools only.

More about our data sources and methodologies.

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