2023 Best Value Colleges for Theological & Ministerial Studies in Indiana (With Aid)

When it comes to choosing a college, students have a lot of options - but not all of them are good. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Theology Schools in Indiana For Those Getting Aid” ranking - to help you make that decision.

In 2020-2021, 15,832 people earned their degree in theological and ministerial studies, making the major the 63rd most popular in the United States. 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.

For this year’s “Best Value Theology Schools in Indiana For Those Getting Aid” ranking, we looked at 3 colleges that offer a degree in theological and ministerial studies. This ranking identifies schools with high-quality theological and ministerial studies programs that also have a lower cost than 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. Check out our ranking methodology for more information.

More Ways to Rank Theological & Ministerial Studies Schools

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 in Indiana For Those Getting Aid” list to help you make the college decision.

In addition to College Factual’s rankings, you may want to take a look at College Combat, our unique tool that lets you pit your favorite schools head-to-head and compare how they rate on factors that most interest you. Test it out by comparing your favorite schools against others you are considering, or bookmark the tool so you can experiment with it later.

Best Value Theology Schools in Indiana For Those Getting Aid

The following schools top our list of the Best Best Value Theology Schools in Indiana For Those Getting Aid.

Top 3 Best Value Colleges for Theological & Ministerial Studies in Indiana (With Aid)

1

University of Notre Dame
Notre Dame, Indiana

#1 in overall quality

$31,101 Average Net Price

$58,860 Average Early-Career Earnings

You’ll be in good company if you decide to attend University of Notre Dame. It ranked #1 on our 2023 Best Value Theology Schools in Indiana For Those Getting Aid list. Notre Dame is located in Notre Dame, Indiana and, has a fairly large student population. In 2020-2021, this school awarded 139 ’s theology degrees to qualified students.

Notre Dame not only placed well in this ranking. It is also #1 on our “Best Theological & Ministerial Studies Schools in Indiana” list. The yearly cost to attend University of Notre Dame is $31,101 for indiana theology students with aid.

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%. With a freshman retention rate of 97%, the school does an excellent job of retaining its undergraduate students. Since the school has a undergrad student-to-faculty ratio of 9 to 1, those pursuing a degree will have more opportunities to interact with their professors.

Read full report on Theological & Ministerial Studies at Notre Dame

2

Indiana Wesleyan University - National & Global
Marion, Indiana

#2 in overall quality

$18,904 Average Net Price

$46,269 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 #2 for the Best Value Theology Schools in Indiana For Those Getting Aid. Indiana Wesleyan University - National & Global is located in Marion, Indiana and, has a fairly large student population. In 2020-2021, this school awarded 36 ’s theology degrees to qualified students.

IWU not only placed well in this ranking. It is also #2 on our “Best Theological & Ministerial Studies Schools in Indiana” list. The estimated yearly cost for IWU is $18,904 for Indiana Theology students with aid.

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%.

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

3

Indiana Wesleyan University
Marion, Indiana

#3 in overall quality

$21,204 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 #3 on our 2023 Best Value Theology Schools in Indiana For Those Getting Aid list. IWU is located in Marion, Indiana and, has a small student population. In 2020-2021, this school awarded 10 ’s theology degrees to qualified students.

IWU not only placed well in this ranking. It is also #3 on our “Best Theological & Ministerial Studies Schools in Indiana” list. The yearly cost to attend Indiana Wesleyan University is $21,204 for indiana theology students with aid.

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%.

Read more about Theological & Ministerial Studies at Indiana Wesleyan University

• Best Value Colleges for Theological & Ministerial Studies in the Great Lakes Region (With Aid)
• Best Value Colleges for Theological & Ministerial Studies (With Aid)

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.