2022 best colleges in Indiana best-colleges

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: The amount of time in years it takes to pay off the median net cost by the median earnings. For this calculation, the median earning of high school graduates (in the school’s home state) are deducted from the median earnings.

Degree premium: The difference between the school’s median earnings and the median earnings for all schools in the same state. This is called “Vs. state average” in school profiles below.

Ranking: The payback rate is divided by the degree premium (set as a percentage), the lower the number the higher the rank. (i.e. payback=1, degree premium 20% higher than state school median: 1/120% = .883.

Net cost
Earnings
Payback
Degree premium
Rankings
Ranking methodology
#1 in Indiana

Purdue University-Main Campus

West Lafayette, Indiana

Admission rate: 68%

Grad rate: 76%

Net cost: $13,986

Payback: 1.5 Years

Earnings: $65,257

Vs. state average: + $19,612

Economic score: 1.07

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#2 in Indiana

University of Notre Dame

Notre Dame, Indiana

Admission rate: 19%

Grad rate: 97%

Net cost: $33,025

Payback: 2.1 Years

Earnings: $88,962

Vs. state average: + $43,317

Economic score: 1.07

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#3 in Indiana

Rose-Hulman Institute of Technology

Terre Haute, Indiana

Admission rate: 77%

Grad rate: 82%

Net cost: $39,076

Payback: 2.3 Years

Earnings: $94,131

Vs. state average: + $48,486

Economic score: 1.13

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#4 in Indiana

Indiana University-Bloomington

Bloomington, Indiana

Admission rate: 81%

Grad rate: 79%

Net cost: $13,253

Payback: 1.7 Years

Earnings: $58,814

Vs. state average: + $13,169

Economic score: 1.28

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#5 in Indiana

Wabash College

Crawfordsville, Indiana

Admission rate: 64%

Grad rate: 72%

Net cost: $19,015

Payback: 2.0 Years

Earnings: $63,425

Vs. state average: + $17,780

Economic score: 1.45

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#6 in Indiana

Valparaiso University

Valparaiso, Indiana

Admission rate: 87%

Grad rate: 70%

Net cost: $18,852

Payback: 2.5 Years

Earnings: $55,837

Vs. state average: + $10,192

Economic score: 2.08

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#7 in Indiana

Indiana University-Purdue University-Indianapolis

Indianapolis, Indiana

Admission rate: 79%

Grad rate: 51%

Net cost: $11,285

Payback: 2.3 Years

Earnings: $47,542

Vs. state average: + $1,897

Economic score: 2.24

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#8 in Indiana

DePauw University

Greencastle, Indiana

Admission rate: 69%

Grad rate: 85%

Net cost: $23,078

Payback: 3.1 Years

Earnings: $62,462

Vs. state average: + $16,817

Economic score: 2.30

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#9 in Indiana

Calumet College of Saint Joseph

Whiting, Indiana

Admission rate: N/A

Grad rate: 47%

Net cost: $10,275

Payback: 2.4 Years

Earnings: $46,789

Vs. state average: + $1,144

Economic score: 2.35

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#10 in Indiana

Indiana Wesleyan University-Marion

Marion, Indiana

Admission rate: 92%

Grad rate: 67%

Net cost: $20,946

Payback: 3.0 Years

Earnings: $54,411

Vs. state average: + $8,766

Economic score: 2.52

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#11 in Indiana

Butler University

Indianapolis, Indiana

Admission rate: 76%

Grad rate: 83%

Net cost: $37,645

Payback: 3.8 Years

Earnings: $66,540

Vs. state average: + $20,895

Economic score: 2.57

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#12 in Indiana

Saint Mary's College

Notre Dame, Indiana

Admission rate: 82%

Grad rate: 77%

Net cost: $24,247

Payback: 3.2 Years

Earnings: $56,655

Vs. state average: + $11,010

Economic score: 2.58

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#13 in Indiana

Marian University

Indianapolis, Indiana

Admission rate: 65%

Grad rate: 59%

Net cost: $19,658

Payback: 3.0 Years

Earnings: $52,649

Vs. state average: + $7,004

Economic score: 2.63

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#14 in Indiana

Indiana University-East

Richmond, Indiana

Admission rate: 68%

Grad rate: 47%

Net cost: $7,722

Payback: 2.5 Years

Earnings: $38,629

Vs. state average: - $7,016

Economic score: 2.98

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#15 in Indiana

Trine University

Angola, Indiana

Admission rate: 79%

Grad rate: 65%

Net cost: $23,202

Payback: 3.5 Years

Earnings: $52,957

Vs. state average: + $7,312

Economic score: 3.05

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#16 in Indiana

Ball State University

Muncie, Indiana

Admission rate: 88%

Grad rate: 63%

Net cost: $15,147

Payback: 3.1 Years

Earnings: $45,934

Vs. state average: + $289

Economic score: 3.07

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#17 in Indiana

Indiana Wesleyan University-National & Global

Marion, Indiana

Admission rate: N/A

Grad rate: 55%

Net cost: $22,207

Payback: 3.9 Years

Earnings: $54,411

Vs. state average: + $8,766

Economic score: 3.23

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#18 in Indiana

University of Evansville

Evansville, Indiana

Admission rate: 65%

Grad rate: 73%

Net cost: $21,626

Payback: 3.6 Years

Earnings: $50,415

Vs. state average: + $4,770

Economic score: 3.24

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#19 in Indiana

University of Indianapolis

Indianapolis, Indiana

Admission rate: 85%

Grad rate: 55%

Net cost: $20,512

Payback: 3.8 Years

Earnings: $47,629

Vs. state average: + $1,984

Economic score: 3.67

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#20 in Indiana

Purdue University Northwest

Hammond, Indiana

Admission rate: 31%

Grad rate: 46%

Net cost: $11,250

Payback: 3.4 Years

Earnings: $42,030

Vs. state average: - $3,615

Economic score: 3.68

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