2023 Best Value Schools in Indiana
Highlighting Quality Schools With More Affordable Prices
There are so many programs in today's world that it can tough to figure out which one is the right one for you. Along with traditional schools that require in-person attendence, you can attend one of many reputable online schools. Some programs even offer a hybrid experience. Alternatively, you may choose a trade school or bootcamp that prepares you to enter the workforce with knowledge in a specific field.
The Best Value Schools in Indiana ranking is one of many tools that Course Advisor has developed to help you make your educational decision. This report analyzed 37 schools in Indiana to see which ones offered the best value programs for students. The goal was to highlight schools with more affordable prices than others offering similar quality experiences.
This ranking is not just a list of inexpensive schools. We also consider each school's quality, since we believe a low-quality school may not be a 'bargain' at any price. Specifically, our score for quality is discounted by the published tuition and fees charged by the given college. This gives the cost per unit of quality for each college. The more quality your dollar buys, the better the value.
For nationwide and regional rankings, we use out-of-state tuition and fees in our calculations. For statewide rankings, we use average in-state tuition and fees.
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Top Value Schools in Indiana
Learn more about these excellent schools below:
Our analysis found Ivy Tech Community College to be the best value school for students in Indiana. This large public school is located in Indianapolis, Indiana, and it awarded 30,789 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Ivy Tech Community College are $8,927 a year. Degree recipients from the school accumulate an average of $15,847 in student debt by the time they complete their degree.After graduating from Ivy Tech Community College, students go on to jobs where they make an average of $35,780 during the early years of their career.
On top of its placing in our value ranking, Ivy Tech Community College also did well on our Best Schools in Indiana list. It’s in the top 20% of all schools reviewed in this analysis.
The excellent programs at Vincennes University helped the school earn the #2 place on this year’s ranking of the best value schools in Indiana. Located in Vincennes, Indiana, the fairly large public school handed out 2,714 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Vincennes University are $15,253 per year. Degree recipients from the school accumulate an average of $16,699 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $149.After graduating from Vincennes University, students go on to jobs where they make an average of $37,687 during the early years of their career.
You’ll join some of the best and brightest minds around you if you attend Purdue University - Main Campus. The school came in at #3 on this year’s Best Value Schools in Indiana list. Purdue is located in West Lafayette, Indiana and has a large student population. In 2020-2021, this school awarded 12,568 degrees to qualified students.
Purdue undergraduate students pay an average of $28,794 in tuition and fees each year. On average, students take out $19,291 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $358, assuming you are on a 10-year repayment plan. Once they receive their degree, Purdue graduates enter the workforce, making an average salary of $53,430 during the early year of their career.
In addition to its best value ranking, and one of the reasons why the school is on the list, Purdue is ranked #3 for overall quality in Indiana.
A rank of #4 on this year’s list means Purdue University Northwest is a great place for students who want to get the most value for their educational dollar. Purdue University Northwest is a medium-sized public school located in Hammond, Indiana that handed out 2,033 degrees in 2020-2021.
Purdue Northwest undergraduate students pay an average of $14,349 in tuition and fees each year. On average, students take out $27,454 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $152 if they are on a 10-year repayment plan. During the early years of their career, Purdue Northwest graduates make an average of $43,610 annually.
The excellent programs at Trine University-Regional/Non-Traditional Campuses helped the school earn the #5 place on this year’s ranking of the best value schools in Indiana. Located in Fort Wayne, Indiana, the small private not-for-profit school handed out 332 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Trine are $9,576 a year. On average, students take out $26,884 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $482 if they are on a 10-year repayment plan. Once they receive their degree, Trine graduates enter the workforce, making an average salary of $46,941 during the early year of their career.
In addition to its best value ranking, and one of the reasons why the school is on the list, Trine is ranked #5 for overall quality in Indiana.
Full Trine University-Regional/Non-Traditional Campuses Report
Indiana University - Bloomington ranked #6 on this year’s Best Value Schools in Indiana list. Indiana University - Bloomington is a large public school located in Bloomington, Indiana that handed out 11,649 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at IU Bloomington are $38,352 per year. By the time they get their degree, students from this school have racked up an average of $19,851 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $395. During the early years of their career, IU Bloomington graduates make an average of $44,025 annually.
In addition to its best value ranking, and one of the reasons why the school is on the list, IU Bloomington is ranked #4 for overall quality in Indiana.
Indiana University - Southeast did quite well in this year’s ranking of the best value places for students. It came in at #7 on the list. Located in New Albany, Indiana, the small public school awarded 995 diplomas to qualifed students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Indiana University - Southeast are $20,934 a year. Degree recipients from the school accumulate an average of $24,692 in student debt by the time they complete their degree.After graduating from Indiana University - Southeast, students go on to jobs where they make an average of $39,554 during the early years of their career.
Indiana University - South Bend landed the #8 spot in the 2023 rankings for the best value programs. Indiana University - South Bend is a public institution located in South Bend, Indiana. The school has a small population, and it awarded 918 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Indiana University - South Bend are $20,934 per year. By the time they get their degree, students from this school have racked up an average of $24,591 in student loans. During the early years of their career, Indiana University - South Bend graduates make an average of $42,131 annually.
Ball State University landed the #9 spot in the 2023 rankings for the best value programs. Located in Muncie, Indiana, the large public school awarded 6,756 diplomas to qualifed students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Ball State are $27,524 a year. On average, students take out $23,205 in loans while pursuing their degree. If you borrow this amount, expect your monthly student loan payment to be around $267, assuming you are on a 10-year repayment plan. During the early years of their career, Ball State graduates make an average of $42,329 annually.
On top of its placing in our value ranking, Ball State also did well on our Best Schools in Indiana list. It’s in the top 20% of all schools reviewed in this analysis.
Indiana University - East did quite well in this year’s ranking of the best value places for students. It came in at #10 on the list. IU East is located in Richmond, Indiana and has a small student population. In 2020-2021, this school awarded 880 degrees to qualified students.
The average tuition and fees for an out-of-state undergraduate students at IU East are $20,934 a year. By the time they get their degree, students from this school have racked up an average of $27,870 in student loans. During the early years of their career, IU East graduates make an average of $45,174 annually.
Indiana Wesleyan University - National & Global landed the #11 spot in the 2023 rankings for the best value programs. Indiana Wesleyan University - National & Global is a fairly large private not-for-profit school located in Marion, Indiana that handed out 3,771 degrees in 2020-2021.
IWU undergraduate students pay an average of $9,239 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $33,493 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $344. During the early years of their career, IWU graduates make an average of $46,269 annually.
Read full report on Indiana Wesleyan University - National & Global
Purdue University Fort Wayne landed the #12 spot in the 2023 rankings for the best value programs. Located in Fort Wayne, Indiana, the medium-sized public school awarded 1,498 diplomas to qualifed students in 2020-2021.
PFW undergraduate students pay an average of $21,265 in tuition and fees each year. On average, students take out $24,698 in loans while pursuing their degree.After graduating from PFW, students go on to jobs where they make an average of $44,300 during the early years of their career.
Indiana University - Kokomo did quite well in this year’s ranking of the best value places for students. It came in at #13 on the list. Located in Kokomo, Indiana, the small public school awarded 685 diplomas to qualifed students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at IU Kokomo are $20,934 a year. By the time they get their degree, students from this school have racked up an average of $25,529 in student loans. Once they receive their degree, IU Kokomo graduates enter the workforce, making an average salary of $37,664 during the early year of their career.
Indiana University - Northwest came in at #14 in this year’s edition of the Best Value Schools in Indiana ranking. IU Northwest is located in Gary, Indiana and has a small student population. In 2020-2021, this school awarded 681 degrees to qualified students.
The average tuition and fees for an out-of-state undergraduate students at IU Northwest are $20,934 a year. By the time they get their degree, students from this school have racked up an average of $27,008 in student loans.After graduating from IU Northwest, students go on to jobs where they make an average of $42,191 during the early years of their career.
Indiana University - Purdue University - Indianapolis ranked #15 on this year’s Best Value Schools in Indiana list. Indiana University - Purdue University - Indianapolis is a large public school located in Indianapolis, Indiana that handed out 8,406 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at IUPUI are $32,101 a year. On average, students take out $24,941 in loans while pursuing their degree. Those who take out this much in loans have to make a monthly payment of about $173 if they are on a 10-year repayment plan. During the early years of their career, IUPUI graduates make an average of $52,865 annually.
Read full report on Indiana University - Purdue University - Indianapolis
University of Southern Indiana did quite well in this year’s ranking of the best value places for students. It came in at #16 on the list. Located in Evansville, Indiana, the medium-sized public school handed out 2,506 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at USI are $21,812 per year. By the time they get their degree, students from this school have racked up an average of $22,145 in student loans. Those who take out this much in loans have to make a monthly payment of about $161 if they are on a 10-year repayment plan.After graduating from USI, students go on to jobs where they make an average of $38,819 during the early years of their career.
Indiana State University did quite well in this year’s ranking of the best value places for students. It came in at #17 on the list. Located in Terre Haute, Indiana, the medium-sized public school awarded 2,599 diplomas to qualifed students in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Indiana State are $20,862 a year. By the time they get their degree, students from this school have racked up an average of $25,069 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $151, assuming you are on a 10-year repayment plan. Once they receive their degree, Indiana State graduates enter the workforce, making an average salary of $45,808 during the early year of their career.
Purdue University Global landed the #18 spot in the 2023 rankings for the best value programs. Purdue University Global is a large public school located in Indianapolis, Indiana that handed out 13,709 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Purdue University Global are $14,436 a year. By the time they get their degree, students from this school have racked up an average of $36,097 in student loans. If you borrow this amount, expect your monthly student loan payment to be around $133, assuming you are on a 10-year repayment plan.After graduating from Purdue University Global, students go on to jobs where they make an average of $43,154 during the early years of their career.
Grace College and Theological Seminary came in at #19 in this year’s edition of the Best Value Schools in Indiana ranking. This small private not-for-profit school is located in Winona Lake, Indiana, and it awarded 598 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Grace College are $25,044 per year. Degree recipients from the school accumulate an average of $24,679 in student debt by the time they complete their degree. During the early years of their career, Grace College graduates make an average of $34,626 annually.
Indiana Institute of Technology ranked #20 on this year’s Best Value Schools in Indiana list. Indiana Tech is a small private not-for-profit school situated in Fort Wayne, Indiana. It awarded 559 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Indiana Tech are $28,840 a year. On average, students take out $36,744 in loans while pursuing their degree. Once they receive their degree, Indiana Tech graduates enter the workforce, making an average salary of $42,347 during the early year of their career.
Bethel University - Mishawaka landed the #21 spot in the 2023 rankings for the best value programs. This small private not-for-profit school is located in Mishawaka, Indiana, and it awarded 341 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at Bethel University are $30,830 per year. On average, students take out $31,149 in loans while pursuing their degree. During the early years of their career, Bethel University graduates make an average of $42,447 annually.
Huntington University ranked #22 on this year’s Best Value Schools in Indiana list. Located in Huntington, Indiana, the small private not-for-profit school handed out 361 degrees in 2020-2021.
Huntington undergraduate students pay an average of $28,192 in tuition and fees each year. By the time they get their degree, students from this school have racked up an average of $25,860 in student loans.After graduating from Huntington, students go on to jobs where they make an average of $41,495 during the early years of their career.
Oakland City University ranked #23 on this year’s Best Value Schools in Indiana list. Oakland City is a private not-for-profit institution located in Oakland City, Indiana. The school has a very small population, and it awarded 245 degrees in 2020-2021.
The average tuition and fees for an out-of-state undergraduate students at Oakland City are $25,740 a year. On average, students take out $23,498 in loans while pursuing their degree.After graduating from Oakland City, students go on to jobs where they make an average of $50,347 during the early years of their career.
University of Saint Francis - Fort Wayne did quite well in this year’s ranking of the best value places for students. It came in at #24 on the list. Located in Fort Wayne, Indiana, the small private not-for-profit school handed out 738 degrees in 2020-2021.
Out-of-state tuition fees for undergraduate students at University of St. Francis Fort Wayne are $33,390 per year. By the time they get their degree, students from this school have racked up an average of $31,657 in student loans. For those students on a 10-year repayment plan, the average payment due each month is around $290. During the early years of their career, University of St. Francis Fort Wayne graduates make an average of $55,001 annually.
Valparaiso University came in at #25 in this year’s edition of the Best Value Schools in Indiana ranking. Valpo is located in Valparaiso, Indiana and has a small student population. In 2020-2021, this school awarded 1,102 degrees to qualified students.
Out-of-state tuition fees for undergraduate students at Valpo are $44,796 per year. Degree recipients from the school accumulate an average of $26,241 in student debt by the time they complete their degree. For those students on a 10-year repayment plan, the average payment due each month is around $261. During the early years of their career, Valpo graduates make an average of $47,875 annually.
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Notes and References
Footnotes
*These averages are for the top 25 schools only.
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%.
More about our data sources and methodologies.
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