Best Value Colleges in Indiana

Home of the Indianapolis Colts and the Indianapolis 500, the Hoosier state is also home to some of the top ranked colleges in terms of a high return on college tuition dollars.  Read More

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1Rose-Hulman Institute of Technology (RHIT)(Private)
20 Year Net ROI$769,000
Total 4 Year Cost$225,000
Grad Rate72%
Time to Graduate4 Years
Loan Amt$45,500
2Purdue University - Main Campus(In-State)
20 Year Net ROI$612,000
Total 4 Year Cost$92,500
Grad Rate73%
Time to Graduate4 Years
Loan Amt$30,200
3Wabash College(Private)
20 Year Net ROI$599,000
Total 4 Year Cost$184,000
Grad Rate73%
Time to Graduate4 Years
Loan Amt$37,400
4University of Notre Dame(Private)
20 Year Net ROI$598,000
Total 4 Year Cost$236,000
Grad Rate96%
Time to Graduate4 Years
Loan Amt$25,300
5Indiana Institute Of Technology(Private)
20 Year Net ROI$557,000
Total 4 Year Cost$147,000
Grad Rate31%
Time to Graduate5 Years
Loan Amt$30,200
6Purdue University - Main Campus(Out-of-State)
20 Year Net ROI$537,000
Total 4 Year Cost$167,000
Grad Rate73%
Time to Graduate4 Years
Loan Amt$30,200
7Indiana University (IU) - Bloomington(In-State)
20 Year Net ROI$371,000
Total 4 Year Cost$93,400
Grad Rate78%
Time to Graduate4 Years
Loan Amt$31,000
8Earlham College(Private)
20 Year Net ROI$328,000
Total 4 Year Cost$206,000
Grad Rate72%
Time to Graduate4 Years
Loan Amt$27,400
9University of Indianapolis(Private)
20 Year Net ROI$317,000
Total 4 Year Cost$150,000
Grad Rate52%
Time to Graduate4 Years
Loan Amt$32,300
10Trine University - Angola, IN(Private)
20 Year Net ROI$316,000
Total 4 Year Cost$178,000
Grad Rate54%
Time to Graduate4 Years
Loan Amt$31,700
11 (tie)Indiana University-Purdue University - Indianapolis (IUPUI)(In-State)
20 Year Net ROI$303,000
Total 4 Year Cost$91,200
Grad Rate43%
Time to Graduate5 Years
Loan Amt$25,700
11 (tie)Valparaiso University(Private)
20 Year Net ROI$303,000
Total 4 Year Cost$181,000
Grad Rate67%
Time to Graduate4 Years
Loan Amt$29,700
13DePauw University(Private)
20 Year Net ROI$292,000
Total 4 Year Cost$209,000
Grad Rate80%
Time to Graduate4 Years
Loan Amt$31,000
14Butler University(Private)
20 Year Net ROI$285,000
Total 4 Year Cost$194,000
Grad Rate78%
Time to Graduate4 Years
Loan Amt$35,600
15Indiana University (IU) - Bloomington(Out-of-State)
20 Year Net ROI$284,000
Total 4 Year Cost$180,000
Grad Rate78%
Time to Graduate4 Years
Loan Amt$31,000

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

Indiana has plenty of choices when it comes to choosing a college, including a variety of both public and private schools. Using PayScale's ROI report as a guide, you can easily research the college that's going to give you the highest 20 year-net ROI, which is the amount of money you will earn 20 years after graduating from a specific college.

Taking the top spot in Indiana is the Rose-Hulman Institute of Technology, a private school located in south east Indiana. Tuition at RHIT is $224,000, but graduates report a median 20-year net ROI of $769,000 which puts them at 18th on our list nationally. For being such a small school, RHIT makes a big impact on our list. Likely because its curriculum focuses on engineering and natural sciences. RHIT has a reported enrollment of around 2,100 students. If smaller class sizes and more one-on-one attention is what you seek from a college, RHIT is an excellent choice. RHIT has a very active Greek life system, with about 69% of the students involved.

Located just northeast of the bustling metro of Indianapolis, Purdue University is a worthwhile public college to consider. Purdue ranks 59th nationally on our list and second in the state of Indiana for ROI. Purdue is well-known for its air and space programs, as well as engineering and science. Purdue was even the first college in the US to offer such programs in air and space. If you're thinking about attending Purdue, you will be in the company of over 39,000 other undergraduate students, a large campus indeed. The cost to attend Purdue is only $92,500 while alumni report a 20-year net ROI of over $600,000. When not in the classroom, Purdue students can take advantage of a variety of student life activities, including cheering on the famous Purdue football team, the Boilermakers. Purdue is also home to the third-largest Greek system in the US with around 5,000 students participating.

For men, Wabash College offers a unique college experience as it one of the only all-men's schools in Indiana. Wabash ranks 66 nationally but ranks third in the state for college ROI. Students pay a tuition of $184,000 to attend this prestigious school, and alumni report a median 20-year net ROI of $599,000. This small, liberal arts college has less than 1,000 students enrolled, but is sure to offer smaller class sizes which some students find advantageous. Wabash's academics focus mostly on the natural sciences, humanities, arts, and social sciences. The close-knit campus is also active in fraternity life. Wabash houses nine fraternities, and around 60% of the students are affiliated with some type of Greek life organization.