2022 Best Value Master’s Degree Colleges for Theological & Ministerial Studies (Income $30-$48k) in Indiana

When pursuing a degree in today’s world, students have many different options to choose from. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our “Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k” ranking is one tool we have developed to help in this regard.

In 2019-2020, 15,051 people earned their degree in theological and ministerial studies, making the major the 55th most popular in the United States. In 2017-2018, theological and ministerial studies graduates who were awarded their degree in 2015-2017, earned an average of $36,911 and had an average of $41,597 in loans still to pay off.

Across Indiana, there were 412 theological and ministerial studies graduates with average earnings and debt of $45,783 and $49,199 respectively. At the master’s degree level specifically, there were 285 theological and ministerial studies graduates with average earnings and debt of $55,737 and $39,894 respectively.

This year’s “Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k” ranking analyzed 4 colleges that offered a degree in theological and ministerial studies. The schools that top this list are recognized because they have great theological and ministerial studies programs and cost less that schools of similar quality.

Some of the factors we look at when determining these rankings are overall quality of the theological and ministerial studies program at the school and the cost of the school after aid is awarded among other things. For more information, check out our ranking methodology.

One Size Does Not Fit All

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k” list to help you make the college decision.

To further help you make the college decision, we’ve developed a unique tool called College Combat that allows you to compare schools based on the factors that matter the most to you. If you’re torn between two schools, you can use it to help you see how they stack up against one another. Bookmark it so you can compare any new schools that might interest you.

Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k

The following schools top our list of the Best Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k.

Top 4 Best Value Master’s Degree Colleges for Theological & Ministerial Studies (Income $30-$48k) in Indiana

#1

University of Notre Dame

Notre Dame, Indiana

#1 in overall quality

$57,522 Avg Grad Tuition & Fees

$38,529 Average Early-Career Earnings

Out of the 4 schools in the Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k that were part of this year’s ranking, University of Notre Dame landed the #1 spot on the list. Notre Dame, Indiana is the setting for this fairly large institution of higher learning. The private not-for-profit school handed out masters’s theology degrees to 68 students in 2019-2020.

Notre Dame not only placed well in this ranking. It is also #1 on our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” list. Although you might pay more or less depending on your area of study, average graduate tuition and fees at University of Notre Dame are $57,522.

Read full report on Theological & Ministerial Studies at Notre Dame

#2

Grace College and Theological Seminary

Winona Lake, Indiana

#2 in overall quality

$7,872 Avg Grad Tuition & Fees

You’ll join some of the best and brightest minds around if you attend Grace College and Theological Seminary. The school came in at #2 for the Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k. Located in Winona Lake, Indiana, this small private not-for-profit school awarded 12 diplomas to qualified masters’s theology students in 2019-2020.

Grace College also made our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” list, coming in at #2. Although you might pay more or less depending on your area of study, average graduate tuition and fees at Grace College and Theological Seminary are $7,872.

Read full report on Theological & Ministerial Studies at Grace College and Theological Seminary

#3

Anderson University Indiana

Anderson, Indiana

#6 in overall quality

$11,455 Avg Grad Tuition & Fees

$37,208 Average Early-Career Earnings

You’ll be in good company if you decide to attend Anderson University Indiana. It ranked #3 on our 2022 Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k list. Anderson University Indiana is located in Anderson, Indiana and, has a small student population. In 2019-2020, this school awarded 10 masters’s theology degrees to qualified students.

Anderson University Indiana also made our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” list, coming in at #6. Average graduate tuition and fees at Anderson University Indiana are $11,455, but you may pay more or less depending on your major.

Read more about Theological & Ministerial Studies at Anderson University Indiana

#4

Indiana Wesleyan University - National & Global

Marion, Indiana

#4 in overall quality

$11,977 Avg Grad Tuition & Fees

$39,214 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Indiana Wesleyan University - National & Global. The school came in at #4 for the Best Value Theology Schools for a Master’s in Indiana For Those Making $30-$48k. Indiana Wesleyan University - National & Global is a fairly large school located in Marion, Indiana that handed out 27 masters’s theology degrees in 2019-2020.

IWU not only placed well in this ranking. It is also #4 on our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” list. Average graduate tuition and fees at IWU are $11,977, but you may pay more or less depending on your major.

Read full report on Theological & Ministerial Studies at Indiana Wesleyan University - National & Global

• Best Value Master’s Degree Colleges for Theological & Ministerial Studies (Income $30-$48k) in the Great Lakes Region
• Best Value Master’s Degree Colleges for Theological & Ministerial Studies (Income $30-$48k)

Notes and References

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%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

• Credit for the banner image above goes to Jonund.

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