2027 Best Value Theology Schools in Indiana
[Theology](/majors/theology-and-religious-vocations/theological-ministerial-studies/theology/) degree programs vary widely in price and payoff across the country. The schools below stand out for delivering a strong theology education at a price that pays off.
College Factual analyzed 5 schools to build this 2027 ranking of the best value theology schools.
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2027 Best Value Theology Schools in Indiana
If you want to know which schools deliver the best value for the theology degrees they offer, see the list below.
Best Value Theology Schools
Grace College And Theological Seminary earned the #1 spot for value among theology schools in Indiana. Set in the town of Winona Lake, Grace College And Theological Seminary is a mid-sized private not-for-profit institution. Expect in-state tuition and fees of around $29,645. Theology graduates carry a median of $21,211 in student loans. Theology graduates of Grace College And Theological Seminary earn a median of $42,188 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Roughly 82% of applicants are accepted.
Earlham College is a great value for students pursuing a degree in theology, landing the #2 spot this year. Located in the town of Richmond, Earlham College is a small private not-for-profit university. Students from in state pay about $53,930 in tuition and fees. Theology graduates carry a median of $25,125 in student loans. Theology graduates of Earlham College earn a median of $43,038 early in their careers. That is a strong return on a $25,125 median debt. Roughly 73% of applicants are accepted.
The strong cost-to-outcome balance at Virginia Baptist College earned it the #3 place for theology. Virginia Baptist College is a small private not-for-profit school located in the town of Lawrenceburg. Expect in-state tuition and fees of around $9,712. Roughly 95% of applicants are accepted.
Anderson University Indiana came in at #4 on our 2027 list of the best value theology schools. Located in the city of Anderson, Anderson University Indiana is a small private not-for-profit university. Students from in state pay about $37,240 in tuition and fees. Students borrow a median of $27,401 to complete the theology program here. Early-career theology graduates make about $41,376. Set against $27,401 in median debt, that is a healthy payoff. Anderson University Indiana admits about 79% of applicants.
The strong cost-to-outcome balance at University Of Notre Dame earned it the #5 place for theology. Located in the suburb of Notre Dame, University Of Notre Dame is a large private not-for-profit university. Expect in-state tuition and fees of around $65,025. Students borrow a median of $19,000 to complete the theology program here. Theology graduates of University Of Notre Dame earn a median of $44,657 early in their careers. Set against $19,000 in median debt, that is a healthy payoff. University Of Notre Dame admits about 11% of applicants.
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Notes and References
The ranking above is published by College Factual (MF_RANKING_2025), 2027 edition. The methodology weighs the cost of a degree against the earnings graduates go on to achieve, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 5 schools evaluated.
*Averages shown above reflect the top 5 ranked schools only.
- 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).
More about our data sources and methodologies.
