Best Value Colleges in Indiana

In Indiana, PayScale's College ROI Report identifies several high-ranking colleges where you can get a good value for your educational dollar.  Read More

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1Rose-Hulman Institute of Technology (RHIT)(Private)
20 Year Net ROI$735,100
Total 4 Year Cost$217,900
Grad Rate73%
Time to Graduate4 Years
Loan Amt$40,800
2Wabash College(Private)
20 Year Net ROI$597,100
Total 4 Year Cost$175,900
Grad Rate69%
Time to Graduate4 Years
Loan Amt$33,360
3Purdue University - Main Campus(In-State)
20 Year Net ROI$591,700
Total 4 Year Cost$91,300
Grad Rate70%
Time to Graduate5 Years
Loan Amt$29,840
4University of Notre Dame(Private)
20 Year Net ROI$546,600
Total 4 Year Cost$226,400
Grad Rate95%
Time to Graduate4 Years
Loan Amt$25,360
5Purdue University - Main Campus(Out-of-State)
20 Year Net ROI$518,400
Total 4 Year Cost$164,600
Grad Rate70%
Time to Graduate5 Years
Loan Amt$29,840
6Valparaiso University(Private)
20 Year Net ROI$349,500
Total 4 Year Cost$173,500
Grad Rate70%
Time to Graduate4 Years
Loan Amt$30,280
7Purdue University - Calumet Campus(In-State)
20 Year Net ROI$332,200
Total 4 Year Cost$80,800
Grad Rate31%
Time to Graduate5 Years
Loan Amt$22,520
8Indiana University (IU) - Bloomington(In-State)
20 Year Net ROI$303,000
Total 4 Year Cost$90,000
Grad Rate77%
Time to Graduate4 Years
Loan Amt$30,520
9Purdue University - Calumet Campus(Out-of-State)
20 Year Net ROI$299,900
Total 4 Year Cost$113,100
Grad Rate31%
Time to Graduate5 Years
Loan Amt$22,520
10Indiana University-Purdue University - Indianapolis (IUPUI)(In-State)
20 Year Net ROI$270,600
Total 4 Year Cost$92,400
Grad Rate42%
Time to Graduate5 Years
Loan Amt$25,440
11University of Indianapolis(Private)
20 Year Net ROI$247,200
Total 4 Year Cost$145,800
Grad Rate57%
Time to Graduate4 Years
Loan Amt$33,800
12Indiana University-Purdue University - Fort Wayne (IPFW)(In-State)
20 Year Net ROI$237,800
Total 4 Year Cost$95,200
Grad Rate26%
Time to Graduate5 Years
Loan Amt$20,960
13Indiana University (IU) - Bloomington(Out-of-State)
20 Year Net ROI$220,800
Total 4 Year Cost$172,200
Grad Rate77%
Time to Graduate4 Years
Loan Amt$30,520
14DePauw University(Private)
20 Year Net ROI$213,700
Total 4 Year Cost$199,300
Grad Rate79%
Time to Graduate4 Years
Loan Amt$27,400
15Indiana Wesleyan University (IWU)(Private)
20 Year Net ROI$210,800
Total 4 Year Cost$132,200
Grad Rate65%
Time to Graduate4 Years
Loan Amt$29,200

*NOTE: Unranked schools on this list don’t have on-campus living options, so on-campus costs are not available.

Tuition often determines how people choose a college, but there is another very important number that people do not often know, and it is called the "net 20-year ROI." The net 20-year return on investment or ROI tells you how much more money a college graduate from a particular school can earn over a 20-year period compared to somebody who did not go to college and earn a bachelor's degree. In terms of college return on investment, Indiana is home to some extremely high-ranking collegs.

The Indiana school that earned the top spot on our list of the best value colleges in Indiana is an expensive private school. Rose-Hulman Institute of Technology costs one student who lives on campus $217,900 to attend. After graduation, this student can expect to earn $735,100 more in 20 years than he or she could earn with a high school diploma. Rose-Hulman proves that even with a higher price tag, private colleges can be smart educational choices if they prepare their graduates for successful careers and increase their lifelong earning potential. If you want the highest value of education Indiana has to offer, Rose-Hulman is your best bet.

The Rose-Hulman Institute of Technology is located in Terre Haute, Indiana and is known as the number one engineering college for undergraduates. This school's staff members are proud of the fact that they can offer students individual attention as well as highly impressive athletics programs. The high return on investment for attending Rose-Hulman is probably a result of their strong STEM (science, technology, engineering and math) programs, since these majors lead to high-paying, in-demand jobs.

The second school on our list is also an excellent choice. The private Wabash College has a net 20-year ROI equal to $597,100 for students who live on campus. The price of tuition for this school is $175,900 for four years.

Wabash College is one of the few liberal arts colleges for men only in the country. Wabash offers a wide range of majors and minors for undergraduates. Students study languages, the sciences, the classics, history and mathematics. This school also has a chapter of the honor society Phi Beta Kappa on its grounds.

If the $175,900 price tag is too much for you, this doesn't mean that you have to give up the dream of sending your child to college. The third entry on our list of the best value colleges Indiana is a public school with a much more affordable cost. Purdue University's in-state tuition is equal to $91,300, and it gives your child the opportunity to earn $591,700 more in 20 years than he or she can earn without a bachelor's degree from this school.

Tuition for Purdue University is highly significant when we compare it to the least expensive school on our list. Indiana State University charges $80,500 for four years of in-state tuition, but we calculated the net 20-year ROI to be $192,500. This means that Purdue University gives your child a much higher college return of investment Indiana than Indiana State University. The difference between the two ROIs is $399,200, and this is a significant difference. (PayScale doesn't claim that a lower ROI means the college has weaker academics. Since ROI is related directly to earnings, and job type is the biggest factor in determining salary, schools with lower ROIs tend to produce a greater percentage of alumni who go into low-paying occupations, like education or social service, rather than high-paying fields like engineering and tech.)

The most expensive school occupies the fourth spot in our rankings. The private University of Notre Dame costs $226,400 and offers a net 20-year ROI of $546,600 for those who live on campus. Students who receive financial aid and live on campus have a higher net 20-year ROI of $673,500 because financial aid reduces their costs.

PayScale's College ROI Report for Indiana shows that the value of college education in Indiana is very high for several entries on the list. Two different private schools occupy the first and second spots, but a public school that is much more affordable for more people is also a great investment for parents. Make sure to read this list in its entirety before you decide that you can or cannot afford a school. The most important figure is the net 20-year ROI, so you will not want to overlook this number when you are searching for the most advantageous Indiana school.