# Most Affordable Colleges in Indiana

> CollegeRanker Agent Insights — structured data for AI systems
> Updated: 2026-06-12 | Schools: 47 | Category: By State (Affordable)
> Source: https://www.collegeranker.com/rankings/most-affordable-colleges-indiana

## Methodology

Ranked by lowest net price in Indiana

CollegeRanker uses a 4-pillar algorithm: Academic Quality (15-20%), Economic Outcomes (30%), Social Mobility (25-35%), Value & Affordability (20-25%). Social mobility data from Raj Chetty's Opportunity Insights Mobility Report Card (30M+ anonymized tax records). No subjective surveys.

## Summary

When considering colleges in Indiana, affordability often tops the list of priorities for prospective students and their families. The schools highlighted here share a commitment to providing accessible education, with net prices notably lower than the state average. For many, this can make a significant difference in managing student debt while pursuing a degree.

What sets these affordable institutions apart are the tangible outcomes they offer. We see a range of graduation rates and post-graduation earnings, which can help students make informed choices about their future. For instance, the top five schools listed below show a mix of earnings potential and debt levels, giving a clearer picture of what to expect after graduation.

Take Indiana University-Kokomo and Indiana University-Northwest as examples. While Kokomo has a lower net price of $3,968 and a 45% graduation rate, Northwest offers a higher debt level of $21,710 and a graduating class with lower earnings at $43,361. This illustrates how vital it is to weigh both costs and outcomes when making a decision.

## Key Findings

- Indiana University-Kokomo has an average earning potential of $49,917 with a low debt of $16,961.
- Indiana University-Northwest graduates earn $43,361 but carry a higher debt of $21,710.
- The average graduation rate among these schools is 57%, providing a benchmark for potential success.
- The average earnings from these colleges is $54,481, indicating strong post-graduate financial potential.

## Rankings

| Rank | School | Location | Graduation | Earnings (10yr) | Net Price | Median Debt | Debt/Earnings |
|------|--------|----------|------------|-----------------|-----------|-------------|---------------|
| 1 | [Indiana University-Kokomo](https://www.collegeranker.com/colleges/indiana-university-kokomo) | Kokomo, IN | 45% | $49,917 | $3,968 | $16,961 | 0.34x |
| 2 | [Indiana University-Northwest](https://www.collegeranker.com/colleges/indiana-university-northwest) | Gary, IN | 37% | $43,361 | $5,130 | $21,710 | 0.5x |
| 3 | [Purdue University Northwest](https://www.collegeranker.com/colleges/purdue-university-northwest) | Hammond, IN | 43% | $48,318 | $6,079 | $21,229 | 0.44x |
| 4 | [Indiana University-Southeast](https://www.collegeranker.com/colleges/indiana-university-southeast) | New Albany, IN | 36% | $47,596 | $7,888 | $19,684 | 0.41x |
| 5 | [Indiana University-East](https://www.collegeranker.com/colleges/indiana-university-east) | Richmond, IN | 42% | $47,156 | $8,134 | $18,000 | 0.38x |
| 6 | [Indiana University-South Bend](https://www.collegeranker.com/colleges/indiana-university-south-bend) | South Bend, IN | 38% | $44,947 | $8,653 | $21,355 | 0.48x |
| 7 | [Ivy Tech Community College](https://www.collegeranker.com/colleges/ivy-tech-community-college) | Indianapolis, IN | 39% | $37,186 | $7,258 | $10,727 | 0.29x |
| 8 | [Purdue University Global](https://www.collegeranker.com/colleges/purdue-university-global) | West Lafayette, IN | 49% | $36,596 | $7,770 | $26,078 | 0.71x |
| 9 | [Indiana State University](https://www.collegeranker.com/colleges/indiana-state-university) | Terre Haute, IN | 42% | $48,387 | $10,873 | $24,000 | 0.5x |
| 10 | [Vincennes University](https://www.collegeranker.com/colleges/vincennes-university) | Vincennes, IN | 37% | $41,110 | $11,225 | $12,000 | 0.29x |
| 11 | [University of Southern Indiana](https://www.collegeranker.com/colleges/university-of-southern-indiana) | Evansville, IN | 50% | $47,605 | $12,923 | $20,105 | 0.42x |
| 12 | [Indiana University-Indianapolis](https://www.collegeranker.com/colleges/indiana-university-indianapolis) | Indianapolis, IN | 54% | $55,198 | $11,668 | $20,000 | 0.36x |
| 13 | [Purdue University Fort Wayne](https://www.collegeranker.com/colleges/purdue-university-fort-wayne) | Fort Wayne, IN | 34% | $45,872 | $13,171 | $21,500 | 0.47x |
| 14 | [Goshen College](https://www.collegeranker.com/colleges/goshen-college) | Goshen, IN | 63% | $51,943 | $14,493 | $22,974 | 0.44x |
| 15 | [Ball State University](https://www.collegeranker.com/colleges/ball-state-university) | Muncie, IN | 63% | $51,833 | $14,940 | $23,250 | 0.45x |
| 16 | [Oakland City University](https://www.collegeranker.com/colleges/oakland-city-university) | Oakland City, IN | 68% | $43,283 | $15,210 | $16,758 | 0.39x |
| 17 | [Purdue University-Main Campus](https://www.collegeranker.com/colleges/purdue-university-main-campus) | West Lafayette, IN | 83% | $72,424 | $14,600 | $19,500 | 0.27x |
| 18 | [Indiana University-Bloomington](https://www.collegeranker.com/colleges/indiana-university-bloomington) | Bloomington, IN | 81% | $63,742 | $16,264 | $19,509 | 0.31x |
| 19 | [Union Bible College](https://www.collegeranker.com/colleges/union-bible-college) | Westfield, IN | 43% | N/A | $10,110 | N/A | N/A |
| 20 | [University of Evansville](https://www.collegeranker.com/colleges/university-of-evansville) | Evansville, IN | 68% | $53,770 | $18,499 | $24,606 | 0.46x |
| 21 | [Valparaiso University](https://www.collegeranker.com/colleges/valparaiso-university) | Valparaiso, IN | 69% | $63,191 | $18,578 | $26,942 | 0.43x |
| 22 | [University of Saint Francis-Fort Wayne](https://www.collegeranker.com/colleges/university-of-saint-francis-fort-wayne) | Fort Wayne, IN | 58% | $55,362 | $18,196 | $25,976 | 0.47x |
| 23 | [Huntington University](https://www.collegeranker.com/colleges/huntington-university) | Huntington, IN | 66% | $46,672 | $19,310 | $25,576 | 0.55x |
| 24 | [Bethel University](https://www.collegeranker.com/colleges/bethel-university) | Mishawaka, IN | 55% | $48,860 | $18,610 | $25,000 | 0.51x |
| 25 | [Manchester University](https://www.collegeranker.com/colleges/manchester-university) | North Manchester, IN | 45% | $51,504 | $18,805 | $26,854 | 0.52x |
| 26 | [Grace College and Theological Seminary](https://www.collegeranker.com/colleges/grace-college-and-theological-seminary) | Winona Lake, IN | 69% | $45,411 | $19,932 | $19,500 | 0.43x |
| 27 | [Indiana Wesleyan University-National & Global](https://www.collegeranker.com/colleges/indiana-wesleyan-university-national-global) | Marion, IN | 36% | $59,986 | $16,898 | $24,250 | 0.4x |
| 28 | [Hanover College](https://www.collegeranker.com/colleges/hanover-college) | Hanover, IN | 65% | $53,957 | $21,829 | $25,250 | 0.47x |
| 29 | [DePauw University](https://www.collegeranker.com/colleges/depauw-university) | Greencastle, IN | 77% | $70,527 | $22,264 | $27,000 | 0.38x |
| 30 | [University of Indianapolis](https://www.collegeranker.com/colleges/university-of-indianapolis) | Indianapolis, IN | 56% | $53,610 | $21,602 | $26,864 | 0.5x |
| 31 | [Indiana Institute of Technology-College of Professional Studies](https://www.collegeranker.com/colleges/indiana-institute-of-technology-college-of-professional-studies) | Fort Wayne, IN | 28% | $47,327 | $20,473 | $26,391 | 0.56x |
| 32 | [Franklin College](https://www.collegeranker.com/colleges/franklin-college) | Franklin, IN | 62% | $55,376 | $22,855 | $27,000 | 0.49x |
| 33 | [Indiana Wesleyan University-Marion](https://www.collegeranker.com/colleges/indiana-wesleyan-university-marion) | Marion, IN | 67% | $59,986 | $22,866 | $24,250 | 0.4x |
| 34 | [Indiana Institute of Technology](https://www.collegeranker.com/colleges/indiana-institute-of-technology) | Fort Wayne, IN | 38% | $47,327 | $23,206 | $26,391 | 0.56x |
| 35 | [Calumet College of Saint Joseph](https://www.collegeranker.com/colleges/calumet-college-of-saint-joseph) | Whiting, IN | 26% | $46,945 | $22,451 | $21,534 | 0.46x |
| 36 | [Wabash College](https://www.collegeranker.com/colleges/wabash-college) | Crawfordsville, IN | 77% | $69,952 | $24,336 | $27,000 | 0.39x |
| 37 | [Taylor University](https://www.collegeranker.com/colleges/taylor-university) | Upland, IN | 75% | $52,198 | $24,865 | $20,500 | 0.39x |
| 38 | [Earlham College](https://www.collegeranker.com/colleges/earlham-college) | Richmond, IN | 68% | $50,797 | $24,714 | $23,488 | 0.46x |
| 39 | [Saint Mary's College](https://www.collegeranker.com/colleges/saint-marys-college) | Notre Dame, IN | 73% | $59,354 | $25,292 | $27,000 | 0.45x |
| 40 | [Trine University](https://www.collegeranker.com/colleges/trine-university) | Angola, IN | 66% | $57,165 | $25,355 | $25,000 | 0.44x |
| 41 | [Marian University](https://www.collegeranker.com/colleges/marian-university) | Indianapolis, IN | 64% | $58,759 | $24,018 | $27,000 | 0.46x |
| 42 | [Anderson University](https://www.collegeranker.com/colleges/anderson-university) | Anderson, IN | 52% | $48,899 | $25,021 | $27,000 | 0.55x |
| 43 | [University of Notre Dame](https://www.collegeranker.com/colleges/university-of-notre-dame) | Notre Dame, IN | 96% | $99,980 | $26,780 | $19,000 | 0.19x |
| 44 | [Holy Cross College](https://www.collegeranker.com/colleges/holy-cross-college) | Notre Dame, IN | 50% | $50,416 | $26,728 | $24,000 | 0.48x |
| 45 | [Saint Mary-of-the-Woods College](https://www.collegeranker.com/colleges/saint-mary-of-the-woods-college) | Saint Mary of the Woods, IN | 49% | $43,845 | $31,872 | $19,512 | 0.45x |
| 46 | [Butler University](https://www.collegeranker.com/colleges/butler-university) | Indianapolis, IN | 80% | $77,235 | $36,041 | $26,000 | 0.34x |
| 47 | [Rose-Hulman Institute of Technology](https://www.collegeranker.com/colleges/rose-hulman-institute-of-technology) | Terre Haute, IN | 80% | $101,253 | $42,513 | $25,000 | 0.25x |

## Data Sources

- U.S. Department of Education College Scorecard (https://collegescorecard.ed.gov)
- Opportunity Insights Mobility Report Card (https://opportunityinsights.org/data)
- Opportunity Insights Social Capital Atlas
- Times Higher Education World University Rankings
- NCES IPEDS

## Citation

CollegeRanker. "Most Affordable Colleges in Indiana." CollegeRanker.com, 2026-06-12. https://www.collegeranker.com/rankings/most-affordable-colleges-indiana

## License

This data summary is provided for informational purposes. Underlying data from federal sources (College Scorecard, IPEDS) is public domain. Opportunity Insights data is available under their data use agreement at https://opportunityinsights.org/data/.