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2021 Best Colleges for the Money (With Aid) in Indiana

37 Colleges
$23,198 Avg Cost (With Aid)*
4.2 Years Avg Time to Graduate*

With all of the options you have for higher education today, it can be tough to choose which direction to take. At College Factual, we're committed to helping you make that decision by providing information such as that found in our Best Indiana Schools For The Money For Those Getting Aid ranking.

After analyzing 37 schools, we came up with our list of those that were the best for overall value for the money with aid in Indiana. This ranking doesn't just identify the colleges with the lowest costs. Rather, it highlights those institutions that offer excellent educational experiences for a lower cost than other schools of roughly the same caliber. Because of this, it is possible for one college to rank better than another, even if the latter college has a lower average cost.

Learn more about our ranking methodology.

When determining average cost, we look at total expenses, such as tuition, fees, books and supplies, room and board, and other living expenses, and then deduct the average amount of financial aid awarded to a student. This estimate is meant to give you a better picture of how much money you'll have to pay each year, either through self-pay, loans, or external scholarships.

One Size Does Not Fit All

We know that one set of rankings doesn't always help you determine the best school for you, so we've created the ability to narrow your list by location and field of study as well as alternative rankings that prioritize different factors, such as those of importance to veterans and returning adults or those seeking diversity and overall quality.

One of our other unique offerings is College Combat. This tool lets you build your own customized comparisons utilizing the factors that are most important to you. If you're torn between two schools, you can use it to help you see how they stack up against one another!

Top Colleges for the Money (With Aid) in Indiana

Learn more about these excellent schools below:

#1

Purdue University - Main Campus

West Lafayette, Indiana

Our analysis found Purdue University - Main Campus to be the best school for overall value for the money with aid in Indiana in this year’s ranking. Purdue is a large public school situated in West Lafayette, Indiana. It awarded 7,568 bachelor’s degrees in 2018-2019.

It takes about 4.4 years for the average student at Purdue to complete their degree, and on average, the annual cost to attend the school is $13,038 for students who receive aid. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Purdue is $56,846. If you can shave even one term off your degree, you can save a substantial amount of money.

The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. Purdue did well in our quality rankings, too. It placed #4 on our Best Colleges in Indiana list.

Full Purdue University - Main Campus Report

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#2

Indiana University - Bloomington

Bloomington, Indiana

You’ll join some of the best and brightest minds around if you attend Indiana University - Bloomington. The school came in at #2 in Indiana on this year’s best value ranking. IU Bloomington is located in Bloomington, Indiana and has a large student population. In 2018-2019, this school awarded 7,952 bachelor’s degrees to qualified undergradutates.

At IU Bloomington, the average time it takes a student to graduate is 4.2 years, and the estimated yearly cost for the school is $14,697 for students who receive aid. This means that the average student pays around $61,874 to get a bachelor’s degree from IU Bloomington. If you can shave even one term off your degree, you can save a substantial amount of money.

The school has an excellent freshman retention rate of 91%, which means students like the school well enough to return for a second year. IU Bloomington not only placed well in our value rankings, but it is also #5 on our Best Colleges in Indiana list.

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#3

Ball State University

Muncie, Indiana

Out of the 37 schools in Indiana that were part of this year’s ranking, Ball State University landed the #3 spot on the list. This large public school is located in Muncie, Indiana, and it awarded 3,621 bachelor’s degrees in 2018-2019.

The average student at Ball State graduates in less than 4.3 years, and the average full-time cost to attend the school for students who receive aid is around $14,002. Thus, the average cost to get a bachelor’s degree from the Ball State is $59,929. When you graduate sooner, you can save a lot of money.

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The excellent bachelor’s degree programs at Indiana University - Purdue University - Indianapolis helped the school earn the #4 place on this year’s ranking of the best schools for the money in Indiana. Located in Indianapolis, Indiana, the large public school awarded 4,420 diplomas to qualifed bachelor’s degree students in 2018-2019.

It takes about 4.6 years for the average student at IUPUI to complete their degree, and on average, the annual cost to attend the school is $12,711 for students who receive aid. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from IUPUI is about $58,725. The sooner a student graduates, the more money they can save.

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#5

Hanover College

Hanover, Indiana

The excellent bachelor’s degree programs at Hanover College helped the school earn the #5 place on this year’s ranking of the best schools for the money in Indiana. Hanover is a small private not-for-profit school situated in Hanover, Indiana. It awarded 247 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Hanover is 4.0 years, and the estimated yearly cost for the school is $25,334 for students who receive aid. This makes the estimated cost of a bachelor’s degree from Hanover be around $102,349. If you can shave even one term off your degree, you can save a substantial amount of money.

The low student loan default rate of 4.6% 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%.

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#6

University of Southern Indiana

Evansville, Indiana

University of Southern Indiana landed the #6 spot on the 2021 Best Value Colleges in Indiana ranking. Evansville, Indiana is the setting for this fairly large institution of higher learning. The public school handed out bachelor’s degrees to 1,623 students in 2018-2019.

At USI, the average time it takes a student to graduate is 4.5 years, and on average, the annual cost to attend the school is $14,643 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the USI is $66,040. If you can shave even one term off your degree, you can save a substantial amount of money.

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#7

Wabash College

Crawfordsville, Indiana

Wabash College did quite well in the 2021 Best Value Colleges in Indiana ranking, coming in at #7. Located in Crawfordsville, Indiana, the small private not-for-profit school handed out 220 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Wabash is 4.1 years, and the estimated yearly cost for the school is $29,099 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the Wabash is $118,433. If you can shave even one term off your degree, you can save a substantial amount of money.

With a freshman retention rate of 87%, the school does an excellent job of retaining its students. Wabash excels when it comes to quality. It’s ranked in the top 20% of all schools on our Best Colleges in Indiana list.

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#8

Earlham College

Richmond, Indiana

Earlham College ranked #8 on this year’s Best Colleges for the Money in Indiana list. Earlham is a small private not-for-profit school situated in Richmond, Indiana. It awarded 229 bachelor’s degrees in 2018-2019.

At Earlham, the average time it takes a student to graduate is 4.1 years, and the average full-time cost to attend the school for students who receive aid is around $24,883. This means that the average student pays around $102,020 to get a bachelor’s degree from Earlham. When you graduate sooner, you can save a lot of money.

The school has an excellent freshman retention rate of 86%, which means students like the school well enough to return for a second year.

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#9

Indiana Wesleyan University

Marion, Indiana

Indiana Wesleyan University ranked #9 on this year’s Best Colleges for the Money in Indiana list. IWU is a private not-for-profit institution located in Marion, Indiana. The school has a small population, and it awarded 778 bachelor’s degrees in 2018-2019.

At IWU, the average time it takes a student to graduate is 4.2 years, and on average, the annual cost to attend the school is $21,484 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the IWU is $90,018. When students graduate in a lesser amount of time, they can save thousands of dollars.

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#10

University of Evansville

Evansville, Indiana

With a ranking of #10, University of Evansville did quite well on the 2021 Best Colleges for the Money in Indiana list. UE is located in Evansville, Indiana and has a small student population. In 2018-2019, this school awarded 504 bachelor’s degrees to qualified undergradutates.

The average amount of time it takes for a student to receive their degree at UE is 4.1 years, and the estimated yearly cost for the school is $28,152 for students who receive aid. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from UE is $115,423. When you graduate sooner, you can save a lot of money.

The low student loan default rate of 3.3% 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%.

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#11

Taylor University

Upland, Indiana

With a ranking of #11, Taylor University did quite well on the 2021 Best Colleges for the Money in Indiana list. Located in Upland, Indiana, the small private not-for-profit school awarded 487 diplomas to qualifed bachelor’s degree students in 2018-2019.

It takes about 4.1 years for the average student at Taylor U to complete their degree, and the yearly average cost to attend the school is $29,824 for students who receive aid. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Taylor U is $122,278. If you can shave even one term off your degree, you can save a substantial amount of money.

The low student loan default rate of 2.0% 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%. On top of its placing in our value rankings, Taylor U also did well on our Best Colleges in Indiana list. It’s in the top 20% of all schools reviewed in this analysis.

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#12

Saint Mary's College

Notre Dame, Indiana

Saint Mary’s College came in at #12 in this year’s edition of the Best Colleges for the Money in Indiana ranking. St. Mary’s College is located in Notre Dame, Indiana and has a small student population. In 2018-2019, this school awarded 384 bachelor’s degrees to qualified undergradutates.

It takes about 4.1 years for the average student at St. Mary’s College to complete their degree, and the average full-time cost to attend the school for students who receive aid is around $32,316. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from St. Mary’s College is about $131,849. Graduating sooner can prevent you from having to pay more money out of pocket.

The impressive student-to-faculty rate of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. As a testament to the quality of education it offers, St. Mary’s College also is in the top 15% of our Best Colleges in Indiana ranking.

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#13

Manchester University

North Manchester, Indiana

With a ranking of #13, Manchester University did quite well on the 2021 Best Colleges for the Money in Indiana list. Manchester University is a small private not-for-profit school situated in North Manchester, Indiana. It awarded 325 bachelor’s degrees in 2018-2019.

At Manchester University, the average time it takes a student to graduate is 4.1 years, and the yearly average cost to attend the school is $22,098 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the Manchester University is $91,486. When you graduate sooner, you can save a lot of money.

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#14

University of Notre Dame

Notre Dame, Indiana

University of Notre Dame ranked #14 on this year’s Best Colleges for the Money in Indiana list. Located in Notre Dame, Indiana, the fairly large private not-for-profit school awarded 2,642 diplomas to qualifed bachelor’s degree students in 2018-2019.

At Notre Dame, the average time it takes a student to graduate is 4.1 years, and it costs students who receive aid about $36,517 per year to attend the school. Thus, the average cost to get a bachelor’s degree from the Notre Dame is $148,259. If you can shave even one term off your degree, you can save a substantial amount of money.

The school has an excellent freshman retention rate of 98%, which means students like the school well enough to return for a second year. Notre Dame not only placed well in our value rankings, but it is also #1 on our Best Colleges in Indiana list.

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#15

Grace College and Theological Seminary

Winona Lake, Indiana

Grace College and Theological Seminary did quite well in the 2021 Best Value Colleges in Indiana ranking, coming in at #15. Located in Winona Lake, Indiana, the small private not-for-profit school awarded 401 diplomas to qualifed bachelor’s degree students in 2018-2019.

It takes about 4.0 years for the average student at Grace College to complete their degree, and the estimated yearly cost for the school is $23,351 for students who receive aid. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Grace College is $93,871. When you graduate sooner, you can save a lot of money.

The low student loan default rate of 2.6% 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%.

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#16

DePauw University

Greencastle, Indiana

With a ranking of #16, DePauw University did quite well on the 2021 Best Colleges for the Money in Indiana list. DePauw is a private not-for-profit institution located in Greencastle, Indiana. The school has a small population, and it awarded 595 bachelor’s degrees in 2018-2019.

It takes the average student at DePauw about 4.0 years to graduate, and the yearly average cost to attend the school is $36,859 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the DePauw is $149,279. If you can shave even one term off your degree, you can save a substantial amount of money.

The impressive student-to-faculty rate of 9 to 1 means that students may have more opportunities to work more closely with their professors than they would at other schools. DePauw did well in our quality rankings, too. It placed #2 on our Best Colleges in Indiana list.

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#17

Valparaiso University

Valparaiso, Indiana

Valparaiso University did quite well in the 2021 Best Value Colleges in Indiana ranking, coming in at #17. Valparaiso, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelor’s degrees to 893 students in 2018-2019.

It takes the average student at Valpo about 4.1 years to graduate, and the estimated yearly cost for the school is $29,768 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the Valpo is $122,644. If you can shave even one term off your degree, you can save a substantial amount of money.

The low student loan default rate of 3.1% 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%.

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#18

Huntington University

Huntington, Indiana

Huntington University came in at #18 in this year’s edition of the Best Colleges for the Money in Indiana ranking. Located in Huntington, Indiana, the small private not-for-profit school handed out 234 bachelor’s degrees in 2018-2019.

At Huntington, the average time it takes a student to graduate is 4.2 years, and the yearly average cost to attend the school is $23,693 for students who receive aid. Thus, the average cost to get a bachelor’s degree from the Huntington is $98,563. The sooner a student graduates, the more money they can save.

The low student loan default rate of 3.2% 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 Huntington University Report

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#19

Indiana University - South Bend

South Bend, Indiana

With a ranking of #19, Indiana University - South Bend did quite well on the 2021 Best Colleges for the Money in Indiana list. Located in South Bend, Indiana, the medium-sized public school awarded 812 diplomas to qualifed bachelor’s degree students in 2018-2019.

At Indiana University - South Bend, the average time it takes a student to graduate is 4.8 years, and the estimated yearly cost for the school is $12,785 for students who receive aid. Looking at these numbers together, we estimate that the average cost of a bachelor’s degree from Indiana University - South Bend is about $62,007. If you can shave even one term off your degree, you can save a substantial amount of money.

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#20

Indiana State University

Terre Haute, Indiana

Indiana State University ranked #20 on this year’s Best Colleges for the Money in Indiana list. Indiana State University is a fairly large public school located in Terre Haute, Indiana that handed out 2,011 bachelor’s degrees in 2018-2019.

The average amount of time it takes for a student to receive their degree at Indiana State is 4.4 years, and on average, the annual cost to attend the school is $14,641 for students who receive aid. This makes the estimated cost of a bachelor’s degree from Indiana State be around $65,006. When students graduate in a lesser amount of time, they can save thousands of dollars.

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#21

Goshen College

Goshen, Indiana

Goshen College landed the #21 spot on the 2021 Best Value Colleges in Indiana ranking. Located in Goshen, Indiana, the small private not-for-profit school awarded 232 diplomas to qualifed bachelor’s degree students in 2018-2019.

The average amount of time it takes for a student to receive their degree at Goshen is 4.2 years, and the estimated yearly cost for the school is $26,423 for students who receive aid. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Goshen is $111,769. If you can shave even one term off your degree, you can save a substantial amount of money.

The student loan default rate at the school is 2.4%, which is quite low when compared to the national default rate of 10.1%.

Full Goshen College Report

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#22

Indiana University - Southeast

New Albany, Indiana

Indiana University - Southeast landed the #22 spot on the 2021 Best Value Colleges in Indiana ranking. Indiana University - Southeast is a small public school situated in New Albany, Indiana. It awarded 854 bachelor’s degrees in 2018-2019.

At Indiana University - Southeast, the average time it takes a student to graduate is 4.7 years, and the average full-time cost to attend the school for students who receive aid is around $15,281. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Indiana University - Southeast is $71,362. If you can shave even one term off your degree, you can save a substantial amount of money.

Full Indiana University - Southeast Report

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#23

Trine University

Angola, Indiana

Trine University ranked #23 on this year’s Best Colleges for the Money in Indiana list. Located in Angola, Indiana, the small private not-for-profit school awarded 406 diplomas to qualifed bachelor’s degree students in 2018-2019.

At Trine, the average time it takes a student to graduate is 4.3 years, and it costs students who receive aid about $26,161 per year to attend the school. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Trine is $111,446. Graduating sooner can prevent you from having to pay more money out of pocket.

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#24

Franklin College

Franklin, Indiana

Franklin College did quite well in the 2021 Best Value Colleges in Indiana ranking, coming in at #24. Located in Franklin, Indiana, the small private not-for-profit school awarded 265 diplomas to qualifed bachelor’s degree students in 2018-2019.

At Franklin College of Indiana, the average time it takes a student to graduate is 4.1 years, and it costs students who receive aid about $27,563 per year to attend the school. When we combine these numbers, we estimate that the cost to get a bachelor’s degree from Franklin College of Indiana is $112,733. The sooner a student graduates, the more money they can save.

Full Franklin College Report

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#25

Anderson University Indiana

Anderson, Indiana

Anderson University Indiana ranked #25 on this year’s Best Colleges for the Money in Indiana list. Anderson, Indiana is the setting for this small institution of higher learning. The private not-for-profit school handed out bachelor’s degrees to 370 students in 2018-2019.

It takes the average student at Anderson University Indiana about 4.2 years to graduate, and on average, the annual cost to attend the school is $24,636 for students who receive aid. Putting this cost and the average time to graduate together, we find that the average amount you’ll pay to get a bachelor’s degree from Anderson University Indiana is $103,225. When you graduate sooner, you can save a lot of money.

Full Anderson University Indiana Report

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Notes and References

Footnotes

*These averages are for the top 25 schools only.

  • For our state-specific rankings, we use in-state tuition to calculate average cost. For our national and regional rankings, we use a weighted average of in-state and non-resident tuition.

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%.

More about our data sources and methodologies.

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