2022 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: 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.

Earningsplus: The difference between the school’s median earnings and the median earnings for all schools in the same state.

Rankings: The ranking order is based on the economic score. The economic score is calculated using a school’s payback and earningsplus performance.

Net cost
Payback
Earnings
EarningsPlus
Rankings
Ranking methodology
#1 in Indiana | #38 in National Universities

Purdue University-Main Campus

West Lafayette, Indiana

Economic score: 1.07

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $13,986

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

Average time in years to pay back educational costs.

Earnings: $65,257

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

EarningsPlus: + $19,612

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 68%
Graduation rate: 76%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#2 in Indiana | #39 in National Universities

University of Notre Dame

Notre Dame, Indiana

Economic score: 1.07

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $33,025

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

Payback: 2.1 years

Average time in years to pay back educational costs.

Earnings: $88,962

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

EarningsPlus: + $43,317

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 19%
Graduation rate: 97%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#3 in Indiana

Rose-Hulman Institute of Technology

Terre Haute, Indiana

Economic score: 1.13

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $39,076

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

Payback: 2.3 years

Average time in years to pay back educational costs.

Earnings: $94,131

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

EarningsPlus: + $48,486

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 77%
Graduation rate: 82%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#4 in Indiana | #59 in National Universities

Indiana University-Bloomington

Bloomington, Indiana

Economic score: 1.28

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $13,253

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

Payback: 1.7 years

Average time in years to pay back educational costs.

Earnings: $58,814

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

EarningsPlus: + $13,169

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 81%
Graduation rate: 79%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#5 in Indiana | #9 in Liberal Arts

Wabash College

Crawfordsville, Indiana

Economic score: 1.45

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $19,015

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

Payback: 2 years

Average time in years to pay back educational costs.

Earnings: $63,425

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

EarningsPlus: + $17,780

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 64%
Graduation rate: 72%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#6 in Indiana | #133 in National Universities

Valparaiso University

Valparaiso, Indiana

Economic score: 2.08

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $18,852

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

Average time in years to pay back educational costs.

Earnings: $55,837

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

EarningsPlus: + $10,192

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 87%
Graduation rate: 70%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#7 in Indiana | #146 in National Universities

Indiana University-Purdue University-Indianapolis

Indianapolis, Indiana

Economic score: 2.24

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $11,285

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

Payback: 2.3 years

Average time in years to pay back educational costs.

Earnings: $47,542

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

EarningsPlus: + $1,897

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 79%
Graduation rate: 51%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#8 in Indiana | #41 in Liberal Arts

DePauw University

Greencastle, Indiana

Economic score: 2.30

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $23,078

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

Average time in years to pay back educational costs.

Earnings: $62,462

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

EarningsPlus: + $16,817

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 69%
Graduation rate: 85%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#9 in Indiana

Calumet College of Saint Joseph

Whiting, Indiana

Economic score: 2.35

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $10,275

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

Average time in years to pay back educational costs.

Earnings: $46,789

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

EarningsPlus: + $1,144

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: N/A
Graduation rate: 47%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#10 in Indiana

Indiana Wesleyan University-Marion

Marion, Indiana

Economic score: 2.52

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $20,946

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

Payback: 3 years

Average time in years to pay back educational costs.

Earnings: $54,411

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

EarningsPlus: + $8,766

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 92%
Graduation rate: 67%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#11 in Indiana

Butler University

Indianapolis, Indiana

Economic score: 2.57

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $37,645

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

Average time in years to pay back educational costs.

Earnings: $66,540

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

EarningsPlus: + $20,895

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 76%
Graduation rate: 83%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#12 in Indiana | #53 in Liberal Arts

Saint Mary's College

Notre Dame, Indiana

Economic score: 2.58

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $24,247

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

Payback: 3.2 years

Average time in years to pay back educational costs.

Earnings: $56,655

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

EarningsPlus: + $11,010

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 82%
Graduation rate: 77%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#13 in Indiana

Marian University

Indianapolis, Indiana

Economic score: 2.63

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $19,658

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

Payback: 3 years

Average time in years to pay back educational costs.

Earnings: $52,649

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

EarningsPlus: + $7,004

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 65%
Graduation rate: 59%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#14 in Indiana

Indiana University-East

Richmond, Indiana

Economic score: 2.98

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $7,722

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

Average time in years to pay back educational costs.

Earnings: $38,629

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

EarningsPlus: - $7,016

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 68%
Graduation rate: 47%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#15 in Indiana

Trine University

Angola, Indiana

Economic score: 3.05

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $23,202

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

Average time in years to pay back educational costs.

Earnings: $52,957

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

EarningsPlus: + $7,312

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 79%
Graduation rate: 65%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#16 in Indiana | #246 in National Universities

Ball State University

Muncie, Indiana

Economic score: 3.07

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $15,147

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

Average time in years to pay back educational costs.

Earnings: $45,934

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

EarningsPlus: + $289

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 88%
Graduation rate: 63%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#17 in Indiana

Indiana Wesleyan University-National & Global

Marion, Indiana

Economic score: 3.23

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $22,207

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

Payback: 3.9 years

Average time in years to pay back educational costs.

Earnings: $54,411

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

EarningsPlus: + $8,766

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: N/A
Graduation rate: 55%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#18 in Indiana

University of Evansville

Evansville, Indiana

Economic score: 3.24

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $21,626

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

Average time in years to pay back educational costs.

Earnings: $50,415

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

EarningsPlus: + $4,770

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 65%
Graduation rate: 73%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#19 in Indiana | #293 in National Universities

University of Indianapolis

Indianapolis, Indiana

Economic score: 3.67

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $20,512

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

Average time in years to pay back educational costs.

Earnings: $47,629

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

EarningsPlus: + $1,984

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 85%
Graduation rate: 55%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

#20 in Indiana

Purdue University Northwest

Hammond, Indiana

Economic score: 3.68

The economic score is calculated using two factors: 1) how fast students are able to payback their educational investment with new earnings and 2) how much alumni earn compared to all alumni in the same state, 10 years after enrollment. These two factors are referred to as payback and earningsplus.

These scorings are based on the most recent data released by the U.S. Department of Education’s College Scorecard and the Integrated Postsecondary Education Data System (IPEDS).

View school
Net cost: $11,250

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

Payback: 3.4 years

Average time in years to pay back educational costs.

Earnings: $42,030

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

EarningsPlus: - $3,615

How much more/less money the median student earns against all bachelor students in the same state, same enrollment year.

Admission rate: 31%
Graduation rate: 46%

Schools with a graduation rate in the bottom 50% in their state are shown in red. Schools in the bottom 25% nationally are put to the end of the ranking list.

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