2023 best colleges in Indiana

On top of its favorable location in an up-and-coming city for young professionals, Indiana University Bloomington boasts an NCAA Division I sports team and ranks as a Public Ivy for its high-quality academic programs. But don’t sleep on Purdue University, which is home to one of the country’s best engineering programs and consistently ranks among the most innovative colleges. When not socializing or studying at the renowned University of Notre Dame, students head to support the Fighting Irish, another one of the state’s NCAA Division I sports teams.

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Net cost: The median annual cost of all students that receive any aid. This does not refer to the “sticker price”, the price listed by the college.

Earnings: The median earnings of all bachelor-level students 10 years after enrollment. This includes both students that do and do not graduate, across all majors.

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Rankings: The ranking order is based on the economic score.The economic score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better.

Net cost
Payback
Earnings
EarningsPlus
Rankings
Ranking methodology
#1 in Indiana | #32 in National Universities

Purdue University

West Lafayette, Indiana

Economic score: 1.42

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

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Net cost: $13,377

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $65,257

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $3,859

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 69%
Graduation rate: 80%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#2 in Indiana | #34 in National Universities

University of Notre Dame

Notre Dame, Indiana

Economic score: 1.43

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $31,101

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $88,962

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $19,506

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 15%
Graduation rate: 96%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#3 in Indiana | #55 in National Universities
Economic score: 1.67

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $14,619

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 1.9 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $58,814

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $5,917

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 85%
Graduation rate: 79%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#4 in Indiana
Economic score: 2.05

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $38,975

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.4 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $94,131

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $12,486

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 77%
Graduation rate: 84%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#5 in Indiana | #18 in Liberal Arts

Wabash College

Crawfordsville, Indiana

Economic score: 2.18

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $22,910

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $63,425

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $3,761

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 62%
Graduation rate: 73%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#6 in Indiana | #35 in Liberal Arts

DePauw University

Greencastle, Indiana

Economic score: 2.55

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $25,587

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.8 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $62,462

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $3,549

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 65%
Graduation rate: 84%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#7 in Indiana | #162 in National Universities
Economic score: 2.69

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $12,416

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 2.7 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $47,542

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $765

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 84%
Graduation rate: 55%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#8 in Indiana | #49 in Liberal Arts

Saint Mary's College

Notre Dame, Indiana

Economic score: 2.94

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $23,625

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $56,655

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: + $2,483

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 83%
Graduation rate: 79%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#9 in Indiana
Economic score: 3.07

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $21,204

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $54,411

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $163

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 92%
Graduation rate: 73%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#10 in Indiana

Indiana University, East

Richmond, Indiana

Economic score: 3.12

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $9,285

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $38,629

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $1,756

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 81%
Graduation rate: 49%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#11 in Indiana | #235 in National Universities

Ball State University

Muncie, Indiana

Economic score: 3.16

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $14,765

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $45,934

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $1,119

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 68%
Graduation rate: 66%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#12 in Indiana | #249 in National Universities

Valparaiso University

Valparaiso, Indiana

Economic score: 3.27

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $22,899

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $55,837

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $2,628

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 93%
Graduation rate: 72%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#13 in Indiana | #258 in National Universities

Marian University

Indianapolis, Indiana

Economic score: 3.36

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $19,266

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.1 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $52,649

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $4,718

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 73%
Graduation rate: 65%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#14 in Indiana | #80 in Liberal Arts

Hanover College

Hanover, Indiana

Economic score: 3.53

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $20,732

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $49,535

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $1,117

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 73%
Graduation rate: 69%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#15 in Indiana

Manchester University

North Manchester, Indiana

Economic score: 3.64

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $18,064

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.6 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $46,704

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $1,373

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 76%
Graduation rate: 53%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#16 in Indiana | #291 in National Universities

University of Indianapolis

Indianapolis, Indiana

Economic score: 3.80

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $19,808

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.8 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $47,629

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $582

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 78%
Graduation rate: 60%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#17 in Indiana
Economic score: 3.98

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $13,481

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.7 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $41,923

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $3,504

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 96%
Graduation rate: 53%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#18 in Indiana
Economic score: 4.00

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $18,389

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.8 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $45,610

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $3,456

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 99%
Graduation rate: 57%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#19 in Indiana

Butler University

Indianapolis, Indiana

Economic score: 4.10

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $39,430

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 4 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $66,540

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $2,608

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 81%
Graduation rate: 82%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

#20 in Indiana

Goshen College

Goshen, Indiana

Economic score: 4.18

The Economic Score is the combination of payback and earningsplus, and is how we determine a school’s rank. The lower the economic score the better. For an analysis of how we arrive at the economic score, and a description of our data sources, please visit our methodology page.

View school
Net cost: $17,251

The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.

Payback: 3.5 years

Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.

Earnings: $46,194

Median earnings of all students 10 years after enrollment. Includes students that did not graduate.

EarningsPlus: - $7,742

EarningsPlus compares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.

Admission rate: 93%
Graduation rate: 70%

Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (48%) are not ranked and are displayed at the end of the ranking list.

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