2026 Best Value Music Schools in Indiana

[Music](/majors/visual-and-performing-arts/music/) programs reward a close look at where your money goes furthest. The schools below stand out for delivering a strong music education at a price that pays off.
For its 2026 best-value ranking, College Factual looked at 32 schools to find the best return on investment for music students.
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2026 Best Value Music Schools in Indiana
Below are the schools that deliver the strongest value in music, balancing cost against outcomes.
Best Value Music Schools
For return on investment in music, no school beat Indiana University Purdue University Indianapolis this year. Set in the city of Indianapolis, Indiana University Purdue University Indianapolis is a very large public institution. Students from in state pay about $10,762 in tuition and fees, while out-of-state students pay about $34,891. Students borrow a median of $23,146 to complete the music program here. Music graduates of Indiana University Purdue University Indianapolis earn a median of $56,930 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Indiana University Purdue University Indianapolis admits about 76% of applicants.
Students looking for strong value in music will find it at Indiana University Purdue University Fort Wayne, which ranked #2. Set in the city of Fort Wayne, Indiana University Purdue University Fort Wayne is a large public institution. Students from in state pay about $9,532 in tuition and fees, while out-of-state students pay about $22,887. Students borrow a median of $24,119 to complete the music program here. Early-career music graduates make about $49,424. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 84%.
Indiana University Bloomington came in at #3 on our 2026 list of the best value music schools. Located in the city of Bloomington, Indiana University Bloomington is a very large public university. The average in-state cost of tuition and fees is $12,144, compared with $41,891 for out-of-state students. Typical student debt for music graduates is $20,769. Early-career music graduates make about $28,328. Weighed against typical debt, the earnings make a compelling case for value. Indiana University Bloomington admits about 78% of applicants.
Ball State University came in at #4 on our 2026 list of the best value music schools. Set in the city of Muncie, Ball State University is a very large public institution. Expect in-state tuition and fees of around $11,082, while out-of-state students pay about $29,630. Students borrow a median of $24,518 to complete the music program here. Soon after graduation, music degree recipients from Ball State University generally make around $47,863. Set against $24,518 in median debt, that is a healthy payoff. Ball State University admits about 86% of applicants.
Depauw University is a great value for students pursuing a degree in music, landing the #5 spot this year. Set in the town of Greencastle, Depauw University is a small private not-for-profit institution. Students from in state pay about $59,070 in tuition and fees. Students borrow a median of $27,000 to complete the music program here. Music graduates of Depauw University earn a median of $46,127 early in their careers. Set against $27,000 in median debt, that is a healthy payoff. The acceptance rate is 57%.
Butler University landed the #6 spot for music value this year. Butler University is a moderately-sized private not-for-profit school located in the city of Indianapolis. The average in-state cost of tuition and fees is $47,560. Music graduates carry a median of $24,170 in student loans. Soon after graduation, music degree recipients from Butler University generally make around $68,222. Set against $24,170 in median debt, that is a healthy payoff. Butler University admits about 85% of applicants.
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Notes and References
This list is compiled by College Factual (MF_RANKING_2025), 2026 edition. The methodology weighs the cost of a degree against the earnings graduates go on to achieve, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 32 schools evaluated.
*Averages shown above reflect the top 8 ranked schools only.
- 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).
More about our data sources and methodologies.