2022 Best Value Master’s Degree Colleges for Theological & Ministerial Studies in Indiana (With Aid)

It’s not easy to decide which college to attend when there so many options available for students. One of our goals at College Factual is to give you as much information as we can - such as our “Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid” ranking - to help you make that decision.

Theological & Ministerial Studies is the 55th most popular major in the country with 15,051 degrees awarded in 2019-2020. In 2017-2018, theological and ministerial studies graduates who were awarded their degree in 2015-2017, earned an average of $36,911 and had an average of $41,597 in loans still to pay off.

Across Indiana, there were 412 theological and ministerial studies graduates with average earnings and debt of $45,783 and $49,199 respectively. At the master’s degree level specifically, there were 285 theological and ministerial studies graduates with average earnings and debt of $55,737 and $39,894 respectively.

For this year’s “Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid” ranking, we looked at 4 colleges that offer a degree in theological and ministerial studies. This ranking identifies schools with high-quality theological and ministerial studies programs that also have a lower cost than schools of similar quality.

To come up with these rankings, we looked at factors such as the cost to attend the school after aid is awarded and overall quality of the theological and ministerial studies program at the school. See our ranking methodology to learn more.

More Ways to Rank Theological & Ministerial Studies Schools

When choosing the right school for you, it’s important to arm yourself with all the facts you can. To that end, we’ve created a number of major-specific rankings, including this “Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid” list to help you make the college decision.

In addition to our rankings, you can take two colleges and compare them based on the criteria that matters most to you in our unique tool, College Combat. Go ahead and give it a try, or bookmark the link so you can check it out later.

Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid

The following schools top our list of the Best Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid.

Top 4 Best Value Master’s Degree Colleges for Theological & Ministerial Studies in Indiana (With Aid)

#1

University of Notre Dame

Notre Dame, Indiana

#1 in overall quality

$57,522 Avg Grad Tuition & Fees

$38,529 Average Early-Career Earnings

You’ll be in good company if you decide to attend University of Notre Dame. It ranked #1 on our 2022 Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid list. Notre Dame is a fairly large private not-for-profit school situated in Notre Dame, Indiana. It awarded 68 masters’s theology degrees in 2019-2020.

Notre Dame not only placed well in this ranking. It is also #1 on our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” list. Average graduate tuition and fees at Notre Dame are $57,522, but you may pay more or less depending on your major.

Read more about Theological & Ministerial Studies at University of Notre Dame

#2

Grace College and Theological Seminary

Winona Lake, Indiana

#2 in overall quality

$7,872 Avg Grad Tuition & Fees

Out of the 4 schools in the Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid that were part of this year’s ranking, Grace College and Theological Seminary landed the #2 spot on the list. Grace College and Theological Seminary is located in Winona Lake, Indiana and, has a small student population. In 2019-2020, this school awarded 12 masters’s theology degrees to qualified students.

As a testament to the quality of education offered at Grace College, the school also landed the #2 spot in our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” ranking. Average graduate tuition and fees at Grace College are $7,872, but some majors have different tuition rates.

Read full report on Theological & Ministerial Studies at Grace College

#3

Indiana Wesleyan University - National & Global

Marion, Indiana

#4 in overall quality

$11,977 Avg Grad Tuition & Fees

$39,214 Average Early-Career Earnings

You’ll be in good company if you decide to attend Indiana Wesleyan University - National & Global. It ranked #3 on our 2022 Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid list. Located in Marion, Indiana, this fairly large private not-for-profit school handed out 27 diplomas to qualified masters’s theology students in 2019-2020.

IWU also took the #4 spot in our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” ranking. Average graduate tuition and fees at Indiana Wesleyan University - National & Global are $11,977, but some majors have different tuition rates.

Read more about Theological & Ministerial Studies at Indiana Wesleyan University - National & Global

#4

Anderson University Indiana

Anderson, Indiana

#6 in overall quality

$11,455 Avg Grad Tuition & Fees

$37,208 Average Early-Career Earnings

You’ll join some of the best and brightest minds around if you attend Anderson University Indiana. The school came in at #4 for the Best Value Theology Schools for a Master’s in Indiana For Those Getting Aid. Anderson University Indiana is a private not-for-profit institution located in Anderson, Indiana. The school has a small population, and it awarded 10 masters’s degrees in 2019-2020.

Anderson University Indiana also made our “Best Theological & Ministerial Studies Master’s Degree Schools in Indiana” list, coming in at #6. Average graduate tuition and fees at Anderson University Indiana are $11,455, but some majors have different tuition rates.

Read full report on Theological & Ministerial Studies at Anderson University Indiana

• Best Value Master’s Degree Colleges for Theological & Ministerial Studies in the Great Lakes Region (With Aid)
• Best Value Master’s Degree Colleges for Theological & Ministerial Studies (With Aid)

Notes and References

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%.

Read more about our data sources and methodologies

Footnotes

• *Average salary, average net price, and average tuition and fees are for the top schools only.
• Some schools otherwise deserving of recognition may have been removed from this ranking in the event that new data identified post-publication warranted it, or at the request of the school.

Credits

• Credit for the banner image above goes to Jonund.

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