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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31 (tie)Ball State University (BSU)(In-State)
20 Year Net ROI$153,000
Total 4 Year Cost$90,200
Grad Rate59%
Time to Graduate5 Years
Loan Amt$29,400
31 (tie)Oakland City University - Oakland City, IN(Private)
20 Year Net ROI$153,000
Total 4 Year Cost$134,000
Grad Rate60%
Time to Graduate5 Years
Loan Amt$26,700
33Indiana University (IU) - New Albany(In-State)
20 Year Net ROI$152,000
Total 4 Year Cost$78,800
Grad Rate32%
Time to Graduate5 Years
Loan Amt$21,300
34University of Southern Indiana(Out-of-State)
20 Year Net ROI$123,000
Total 4 Year Cost$112,000
Grad Rate41%
Time to Graduate5 Years
Loan Amt$28,600
35Hanover College(Private)
20 Year Net ROI$119,000
Total 4 Year Cost$180,000
Grad Rate69%
Time to Graduate4 Years
Loan Amt$25,600
36Indiana University (IU) - South Bend(Out-of-State)
20 Year Net ROI$114,000
Total 4 Year Cost$123,000
Grad Rate26%
Time to Graduate5 Years
Loan Amt$20,000
37Indiana University (IU) - New Albany(Out-of-State)
20 Year Net ROI$108,000
Total 4 Year Cost$124,000
Grad Rate32%
Time to Graduate5 Years
Loan Amt$21,300
38Ball State University (BSU)(Out-of-State)
20 Year Net ROI$92,500
Total 4 Year Cost$151,000
Grad Rate59%
Time to Graduate5 Years
Loan Amt$29,400
39Grace College and Theological Seminary(Private)
20 Year Net ROI$80,500
Total 4 Year Cost$135,000
Grad Rate65%
Time to Graduate4 Years
Loan Amt$35,400
40Franklin College(Private)
20 Year Net ROI$80,300
Total 4 Year Cost$162,000
Grad Rate61%
Time to Graduate4 Years
Loan Amt$32,500
41Goshen College(Private)
20 Year Net ROI$70,200
Total 4 Year Cost$165,000
Grad Rate72%
Time to Graduate4 Years
Loan Amt$26,900
42Bethel College - Mishawaka, IN(Private)
20 Year Net ROI$64,900
Total 4 Year Cost$146,000
Grad Rate70%
Time to Graduate4 Years
Loan Amt$29,300
43Earlham College(Private)
20 Year Net ROI$62,600
Total 4 Year Cost$215,000
Grad Rate72%
Time to Graduate4 Years
Loan Amt$27,400
44Anderson University - Anderson, IN(Private)
20 Year Net ROI$33,000
Total 4 Year Cost$159,000
Grad Rate63%
Time to Graduate4 Years
Loan Amt$28,600
45Manchester College - North Manchester, IN(Private)
20 Year Net ROI$28,700
Total 4 Year Cost$162,000
Grad Rate55%
Time to Graduate4 Years
Loan Amt$36,600

*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.

The Rose-Hulman Institute of Technology, a private school located in south east Indiana, 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 percent of the students involved.

Located just northeast of the bustling metro of Indianapolis, Purdue University is a worthwhile public college to consider. 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. 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. 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 percent of the students are affiliated with some type of Greek life organization.