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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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ROI Type

20-Yr Net Annual %

Rank

School Name

20 Year Net ROI

Total 4 Year Cost

Graduation Rate

Typical Years to Graduate

Average Loan Amount

31 (tie)

Ball State University (BSU)(In-State)

$153,000

$90,200

59%

5 Years

$29,400

31 (tie)	Ball State University (BSU)(In-State)
	Annual ROI	5.1%
	Annual ROI	5.1%
	Annual ROI	8.4%
	Annual ROI	8.4%
	20 Year Net ROI	$153,000
	20 Year Net ROI	$153,000
	20 Year Net ROI	$194,000
	20 Year Net ROI	$194,000
	Total 4 Year Cost	$90,200
	Total 4 Year Cost	$90,200
	Grad Rate	59%
	Time to Graduate	5 Years
	Loan Amt	$29,400
	Grant Money Received	67%

31 (tie)

Oakland City University - Oakland City, IN(Private)

$153,000

$134,000

60%

5 Years

$26,700

31 (tie)	Oakland City University - Oakland City, IN(Private)
	Annual ROI	3.9%
	Annual ROI	3.9%
	Annual ROI	7.3%
	Annual ROI	7.5%
	20 Year Net ROI	$153,000
	20 Year Net ROI	$154,000
	20 Year Net ROI	$217,000
	20 Year Net ROI	$219,000
	Total 4 Year Cost	$134,000
	Total 4 Year Cost	$133,000
	Grad Rate	60%
	Time to Graduate	5 Years
	Loan Amt	$26,700
	Grant Money Received	100%

Indiana University (IU) - New Albany(In-State)

$152,000

$78,800

32%

5 Years

$21,300

33	Indiana University (IU) - New Albany(In-State)
	Annual ROI	5.5%
	Annual ROI	5.1%
	Annual ROI	7.1%
	Annual ROI	6.5%
	20 Year Net ROI	$152,000
	20 Year Net ROI	$146,000
	20 Year Net ROI	$172,000
	20 Year Net ROI	$166,000
	Total 4 Year Cost	$78,800
	Total 4 Year Cost	$85,200
	Grad Rate	32%
	Time to Graduate	5 Years
	Loan Amt	$21,300
	Grant Money Received	80%

University of Southern Indiana(Out-of-State)

$123,000

$112,000

41%

5 Years

$28,600

34	University of Southern Indiana(Out-of-State)
	Annual ROI	3.8%
	Annual ROI	3.3%
	Annual ROI	5.1%
	Annual ROI	4.5%
	20 Year Net ROI	$123,000
	20 Year Net ROI	$113,000
	20 Year Net ROI	$147,000
	20 Year Net ROI	$137,000
	Total 4 Year Cost	$112,000
	Total 4 Year Cost	$122,000
	Grad Rate	41%
	Time to Graduate	5 Years
	Loan Amt	$28,600
	Grant Money Received	64%

Hanover College(Private)

$119,000

$180,000

69%

4 Years

$25,600

35	Hanover College(Private)
	Annual ROI	2.6%
	Annual ROI	2.6%
	Annual ROI	6.0%
	Annual ROI	6.0%
	20 Year Net ROI	$119,000
	20 Year Net ROI	$119,000
	20 Year Net ROI	$205,000
	20 Year Net ROI	$205,000
	Total 4 Year Cost	$180,000
	Total 4 Year Cost	$180,000
	Grad Rate	69%
	Time to Graduate	4 Years
	Loan Amt	$25,600
	Grant Money Received	100%

Indiana University (IU) - South Bend(Out-of-State)

$114,000

$123,000

26%

5 Years

$20,000

36	Indiana University (IU) - South Bend(Out-of-State)
	Annual ROI	3.3%
	Annual ROI	3.1%
	Annual ROI	4.5%
	Annual ROI	4.2%
	20 Year Net ROI	$114,000
	20 Year Net ROI	$109,000
	20 Year Net ROI	$140,000
	20 Year Net ROI	$134,000
	Total 4 Year Cost	$123,000
	Total 4 Year Cost	$129,000
	Grad Rate	26%
	Time to Graduate	5 Years
	Loan Amt	$20,000
	Grant Money Received	72%

Indiana University (IU) - New Albany(Out-of-State)

$108,000

$124,000

32%

5 Years

$21,300

37	Indiana University (IU) - New Albany(Out-of-State)
	Annual ROI	3.2%
	Annual ROI	2.9%
	Annual ROI	4.1%
	Annual ROI	3.8%
	20 Year Net ROI	$108,000
	20 Year Net ROI	$101,000
	20 Year Net ROI	$127,000
	20 Year Net ROI	$121,000
	Total 4 Year Cost	$124,000
	Total 4 Year Cost	$130,000
	Grad Rate	32%
	Time to Graduate	5 Years
	Loan Amt	$21,300
	Grant Money Received	80%

Ball State University (BSU)(Out-of-State)

$92,500

$151,000

59%

5 Years

$29,400

38	Ball State University (BSU)(Out-of-State)
	Annual ROI	2.4%
	Annual ROI	2.4%
	Annual ROI	4.1%
	Annual ROI	4.1%
	20 Year Net ROI	$92,500
	20 Year Net ROI	$92,500
	20 Year Net ROI	$134,000
	20 Year Net ROI	$134,000
	Total 4 Year Cost	$151,000
	Total 4 Year Cost	$151,000
	Grad Rate	59%
	Time to Graduate	5 Years
	Loan Amt	$29,400
	Grant Money Received	67%

Grace College and Theological Seminary(Private)

$80,500

$135,000

65%

4 Years

$35,400

39	Grace College and Theological Seminary(Private)
	Annual ROI	2.4%
	Annual ROI	2.0%
	Annual ROI	5.3%
	Annual ROI	4.7%
	20 Year Net ROI	$80,500
	20 Year Net ROI	$70,900
	20 Year Net ROI	$138,000
	20 Year Net ROI	$129,000
	Total 4 Year Cost	$135,000
	Total 4 Year Cost	$144,000
	Grad Rate	65%
	Time to Graduate	4 Years
	Loan Amt	$35,400
	Grant Money Received	95%

Franklin College(Private)

$80,300

$162,000

61%

4 Years

$32,500

40	Franklin College(Private)
	Annual ROI	2.0%
	Annual ROI	2.0%
	Annual ROI	5.0%
	Annual ROI	4.9%
	20 Year Net ROI	$80,300
	20 Year Net ROI	$79,900
	20 Year Net ROI	$150,000
	20 Year Net ROI	$149,000
	Total 4 Year Cost	$162,000
	Total 4 Year Cost	$162,000
	Grad Rate	61%
	Time to Graduate	4 Years
	Loan Amt	$32,500
	Grant Money Received	100%

Goshen College(Private)

$70,200

$165,000

72%

4 Years

$26,900

41	Goshen College(Private)
	Annual ROI	1.8%
	Annual ROI	1.9%
	Annual ROI	5.0%
	Annual ROI	5.3%
	20 Year Net ROI	$70,200
	20 Year Net ROI	$74,600
	20 Year Net ROI	$147,000
	20 Year Net ROI	$151,000
	Total 4 Year Cost	$165,000
	Total 4 Year Cost	$161,000
	Grad Rate	72%
	Time to Graduate	4 Years
	Loan Amt	$26,900
	Grant Money Received	100%

Bethel College - Mishawaka, IN(Private)

$64,900

$146,000

70%

4 Years

$29,300

42	Bethel College - Mishawaka, IN(Private)
	Annual ROI	1.9%
	Annual ROI	2.0%
	Annual ROI	4.9%
	Annual ROI	5.2%
	20 Year Net ROI	$64,900
	20 Year Net ROI	$69,800
	20 Year Net ROI	$130,000
	20 Year Net ROI	$135,000
	Total 4 Year Cost	$146,000
	Total 4 Year Cost	$141,000
	Grad Rate	70%
	Time to Graduate	4 Years
	Loan Amt	$29,300
	Grant Money Received	100%

Earlham College(Private)

$62,600

$215,000

72%

4 Years

$27,400

43	Earlham College(Private)
	Annual ROI	1.3%
	Annual ROI	1.3%
	Annual ROI	6.0%
	Annual ROI	6.0%
	20 Year Net ROI	$62,600
	20 Year Net ROI	$62,600
	20 Year Net ROI	$191,000
	20 Year Net ROI	$191,000
	Total 4 Year Cost	$215,000
	Total 4 Year Cost	$215,000
	Grad Rate	72%
	Time to Graduate	4 Years
	Loan Amt	$27,400
	Grant Money Received	97%

Anderson University - Anderson, IN(Private)

$33,000

$159,000

63%

4 Years

$28,600

44	Anderson University - Anderson, IN(Private)
	Annual ROI	0.9%
	Annual ROI	1.4%
	Annual ROI	3.5%
	Annual ROI	4.3%
	20 Year Net ROI	$33,000
	20 Year Net ROI	$46,700
	20 Year Net ROI	$95,400
	20 Year Net ROI	$109,000
	Total 4 Year Cost	$159,000
	Total 4 Year Cost	$145,000
	Grad Rate	63%
	Time to Graduate	4 Years
	Loan Amt	$28,600
	Grant Money Received	100%

Manchester College - North Manchester, IN(Private)

$28,700

$162,000

55%

4 Years

$36,600

45	Manchester College - North Manchester, IN(Private)
	Annual ROI	0.8%
	Annual ROI	1.0%
	Annual ROI	4.1%
	Annual ROI	4.5%
	20 Year Net ROI	$28,700
	20 Year Net ROI	$34,100
	20 Year Net ROI	$106,000
	20 Year Net ROI	$111,000
	Total 4 Year Cost	$162,000
	Total 4 Year Cost	$156,000
	Grad Rate	55%
	Time to Graduate	4 Years
	Loan Amt	$36,600
	Grant Money Received	100%

See Full List

*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.