by our College Data Analytics TeamWith all of the options you have for higher education today, it can be tough to choose which direction to take when you want to pursue a degree. College Factual was founded, in part, to help students make the decision as to what would be the best school for them. Our Best Master's Degree Colleges for the Money (Income $0-$30k) in Indiana ranking is part of that endeavor. Due to the amount of income-based financial aid available, many 'high-priced' schools are more affordable than you think.
In This Year's Value Report:
Our analysis looked at 33 schools in Indiana to determine which ones have the best value Master's Degree programs. Our ranking methodology focuses on different objective factors to make this determination of the best value schools. More specifically, the following explains what we consider and why.
The first step of determing the value of a school in our Best Master's Degree Colleges for the Money (Income $0-$30k) in Indiana ranking is to look at the school's average net price for students with families that make $0-$30k a year. The net price is the sum of tuition, fees, and room and board minus any financial aid awarded to the student. In addition, the overall quality of a school is important to ensure a quality education, not just how much it costs.
To make it into this list a school must offer a quality education like the schools in our Best Colleges ranking. This ranking considers factors such as graduation rates, overall graduate earnings and other educational resources to identify great colleges and universities.
To learn more, visit our best value ranking methodology page.
You can scroll down to see the top schools for this ranking, but you may also want to view some of the other ranking methods listed below.
Know what field you want to major in? Make sure you check out our best value schools by major. In addition, you can select one of the links below to see the best value colleges for other degree levels.
Learn more about these excellent schools below:
Our 2024 rankings named Purdue University - Main Campus the best value (income $0-$30k) school in Indiana for students working on their master’s degree. Located in West Lafayette, Indiana, the school is a large public institution.
Not only is Purdue University - Main Campus a great value, but it is also ranked #2 in Indiana for overall quality.
A rank of #2 on our Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list means is a great place for students working on their degree.
Out of the 33 master’s degree schools in Indiana that were part of this year’s ranking, Indiana University - Bloomington landed the #3 spot on the list. Located in Bloomington, Indiana, the school is a large public institution.
Not only is Indiana University - Bloomington a great value, but it is also ranked #3 in Indiana for overall quality.
The quality degree programs at University of Notre Dame helped the school earn the #4 place on this year’s ranking of Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana. Notre Dame is a fairly large private not-for-profit school situated in Notre Dame, Indiana.
University of Notre Dame has the honor of being ranked #1 in Indiana for overall quality on top of being a good value.
You’ll be in good company if you decide to attend Ball State University. It ranked #5 on our 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. Located in Muncie, Indiana, the school is a large public institution.
In addition to being included on this ranking as a good value, Ball State University is ranked #5 for quality in the state of Indiana.
Indiana University - Purdue University - Indianapolis did quite well in the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking, coming in at #6. IUPUI is a large public school situated in Indianapolis, Indiana.
Not only is Indiana University - Purdue University - Indianapolis a great value, but it is also ranked #7 in Indiana for overall quality.
Full Indiana University - Purdue University - Indianapolis Value Report
Indiana University - Kokomo came in at #7 in this year’s edition of the Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. This small public school is located in Kokomo, Indiana.
Not only is Indiana University - Kokomo a great value, but it is also ranked #31 in Indiana for overall quality.
Indiana University - Southeast did quite well in the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking, coming in at #8. Indiana University - Southeast is located in New Albany, Indiana and has a small student population. It is a public school.
Not only is Indiana University - Southeast a great value, but it is also ranked #23 in Indiana for overall quality.
Indiana University - Northwest ranked #9 on this year’s Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. IU Northwest is a public institution located in Gary, Indiana.
Not only is Indiana University - Northwest a great value, but it is also ranked #26 in Indiana for overall quality.
Saint Mary’s College landed the #10 spot on the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. St. Mary’s College is a small private not-for-profit school situated in Notre Dame, Indiana.
Saint Mary’s College has the honor of being ranked #4 in Indiana for overall quality on top of being a good value.
Purdue University Northwest ranked #11 on this year’s Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. Located in Hammond, Indiana, the school is a medium-sized public institution.
Purdue University Northwest has the honor of being ranked #24 in Indiana for overall quality on top of being a good value.
University of Southern Indiana did quite well in the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking, coming in at #12. Located in Evansville, Indiana, the school is a medium-sized public institution.
University of Southern Indiana has the honor of being ranked #11 in Indiana for overall quality on top of being a good value.
Indiana University - South Bend came in at #13 in this year’s edition of the Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. Indiana University - South Bend is a public institution located in South Bend, Indiana.
Indiana University - South Bend has the honor of being ranked #27 in Indiana for overall quality on top of being a good value.
Purdue University Fort Wayne ranked #14 on this year’s Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. Located in Fort Wayne, Indiana, the school is a medium-sized public institution.
Purdue University Fort Wayne has the honor of being ranked #22 in Indiana for overall quality on top of being a good value.
Indiana University - East ranked #15 on this year’s Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. Located in Richmond, Indiana, the school is a small public institution.
Indiana University - East has the honor of being ranked #28 in Indiana for overall quality on top of being a good value.
University of Evansville landed the #16 spot on the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. Evansville, Indiana is the setting for this small institution of higher learning. It is a private not-for-profit school.
Not only is University of Evansville a great value, but it is also ranked #14 in Indiana for overall quality.
Trine University-Regional/Non-Traditional Campuses landed the #17 spot on the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. Located in Fort Wayne, Indiana, the school is a small private not-for-profit institution.
Trine University-Regional/Non-Traditional Campuses has the honor of being ranked #10 in Indiana for overall quality on top of being a good value.
Learn More About Value at Trine University-Regional/Non-Traditional Campuses
Indiana State University did quite well in the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking, coming in at #18. Indiana State is located in Terre Haute, Indiana and has a medium-sized student population. It is a public school.
Not only is Indiana State University a great value, but it is also ranked #20 in Indiana for overall quality.
Oakland City University did quite well in the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking, coming in at #19. Oakland City, Indiana is the setting for this small institution of higher learning. It is a private not-for-profit school.
Oakland City University has the honor of being ranked #30 in Indiana for overall quality on top of being a good value.
Grace College and Theological Seminary landed the #20 spot on the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. Grace College is a private not-for-profit institution located in Winona Lake, Indiana.
In addition to being included on this ranking as a good value, Grace College and Theological Seminary is ranked #15 for quality in the state of Indiana.
Learn More About Value at Grace College and Theological Seminary
With a ranking of #21, Indiana Wesleyan University did quite well on the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. Marion, Indiana is the setting for this small institution of higher learning. It is a private not-for-profit school.
Not only is Indiana Wesleyan University a great value, but it is also ranked #8 in Indiana for overall quality.
Saint Mary-of-the-Woods College came in at #22 in this year’s edition of the Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. SMWC is a private not-for-profit institution located in Saint Mary of the Woods, Indiana.
Not only is Saint Mary-of-the-Woods College a great value, but it is also ranked #25 in Indiana for overall quality.
University of Saint Francis - Fort Wayne ranked #23 on this year’s Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana list. Fort Wayne, Indiana is the setting for this small institution of higher learning. It is a private not-for-profit school.
Not only is University of Saint Francis - Fort Wayne a great value, but it is also ranked #18 in Indiana for overall quality.
Indiana Wesleyan University - National & Global did quite well in the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking, coming in at #24. Indiana Wesleyan University - National & Global is a fairly large private not-for-profit school located in Marion, Indiana.
Indiana Wesleyan University - National & Global has the honor of being ranked #9 in Indiana for overall quality on top of being a good value.
Full Indiana Wesleyan University - National & Global Value Report
Bethel University - Mishawaka landed the #25 spot on the 2024 Best Master’s Degree Colleges for the Money (Income $0-$30k) in Indiana ranking. This small private not-for-profit school is located in Mishawaka, Indiana.
Bethel University - Mishawaka has the honor of being ranked #29 in Indiana for overall quality on top of being a good value.
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Footnotes
*These averages are for the top 25 schools only.
More about our data sources and methodologies.