2023 Best Value Colleges for Theological & Ministerial Studies (Income $48-$75k) in Indiana

It’s not easy to decide which college to attend when there so many options available for students. 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 in Indiana For Those Making $48-$75k” ranking is one tool we have developed to help in this regard.

Theological & Ministerial Studies is the 63rd most popular major in the country with 15,832 degrees awarded in 2020-2021. In 2019-2020, theological and ministerial studies graduates who were awarded their degree in 2017-2019, earned an average of $40,590 and had an average of $26,272 in loans still to pay off.

Across Indiana, there were 402 theological and ministerial studies graduates with average earnings and debt of $43,503 and $19,000 respectively.

This year’s “Best Value Theology Schools in Indiana For Those Making $48-$75k” ranking analyzed 3 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.

More Ways to Rank Theological & Ministerial Studies Schools

The theology school you choose to invest your time and money in matters. To help you make the decision that is right for you, we’ve developed a number of major-specific rankings, including this list of “Best Value Theology Schools in Indiana For Those Making $48-$75k”.

We’ve created a tool called College Combat that lets you create your own customized comparisons based on the factors that matter the most to you. Test it out when you get a chance! You may also want to bookmark the link and share it with others who are trying to make the college decision.

Best Value Theology Schools in Indiana For Those Making $48-$75k

The following schools top our list of the Best Best Value Theology Schools in Indiana For Those Making $48-$75k.

Top 3 Best Value Colleges for Theological & Ministerial Studies (Income $48-$75k) in Indiana

1

University of Notre Dame
Notre Dame, Indiana

#1 in overall quality

$14,020 Average Net Price

$58,860 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend University of Notre Dame. The school came in at #1 for the Best Value Theology Schools in Indiana For Those Making $48-$75k. University of Notre Dame is a private not-for-profit institution located in Notre Dame, Indiana. The school has a fairly large population, and it awarded 139 ’s degrees in 2020-2021.

Notre Dame not only placed well in this ranking. It is also #1 on our “Best Theological & Ministerial Studies Schools in Indiana” list. It costs about $14,020 for indiana theology students whose families make $48-$75k per year to attend University of Notre Dame.

The undergraduate student-to-faculty ratio of 9 to 1 is a sign that students will have more opportunities to engage with their professors one-on-one. Students who start out at the school are likely to stick around. The freshman retention rate is 97%. The school has an impressive undergrad student loan default rate. It’s only 0.7%, which is much lower than the national rate of 10.1%.

Full Notre Dame Theological & Ministerial Studies Report

2

Indiana Wesleyan University
Marion, Indiana

#3 in overall quality

$19,205 Average Net Price

$44,952 Average Early-Career Earnings

You’ll be in good company if you decide to attend Indiana Wesleyan University. It ranked #2 on our 2023 Best Value Theology Schools in Indiana For Those Making $48-$75k list. Indiana Wesleyan University is a small school located in Marion, Indiana that handed out 10 ’s theology degrees in 2020-2021.

IWU did well in our major quality rankings, too. It placed #3 on our “Best Theological & Ministerial Studies Schools in Indiana” list. It costs about $19,205 for indiana theology students whose families make $48-$75k per year to attend IWU.

The low undergrad student loan default rate of 5.0% is a good sign that students have an easier time paying off their loans than they might at other schools. For comparison, the national default rate is 10.1%.

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

3

Indiana Wesleyan University - National & Global
Marion, Indiana

#2 in overall quality

$19,539 Average Net Price

$46,269 Average Early-Career Earnings

You’ll be in good company if you decide to attend Indiana Wesleyan University - National & Global. It ranked #3 on our 2023 Best Value Theology Schools in Indiana For Those Making $48-$75k list. This fairly large school is located in Marion, Indiana, and it awarded 36 ’s theology degrees in 2020-2021.

As a testament to the quality of education offered at IWU, the school also landed the #2 spot in our “Best Theological & Ministerial Studies Schools in Indiana” ranking. It costs about $19,539 for indiana theology students whose families make $48-$75k per year to attend IWU.

The school has an impressive undergrad student loan default rate. It’s only 5.0%, which is much lower than the national rate of 10.1%.

Full Indiana Wesleyan University - National & Global Theological & Ministerial Studies Report

• Best Value Colleges for Theological & Ministerial Studies (Income $48-$75k) in the Great Lakes Region
• Best Value Colleges for Theological & Ministerial Studies (Income $48-$75k)

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.