by our College Data Analytics TeamIt's not easy to decide which school to attend when you have so many options available. Our mission at College Factual is to arm you with as much information as we can to help you make that decision. Our Best Master's Degree Colleges for the Money in Indiana ranking is one tool we have developed to help in this regard.
See What's Included in This Value Report:
After analyzing 33 schools in Indiana, we came up with our list of those that offered the best value Master's Degree programs. To come up with this ranking of the best value schools, we look at factors that are all objective measurements. We explain more about what we look at and why we do so below.
Our Best Master's Degree Colleges for the Money in Indiana ranking is determined by first looking at the combined costs of average tuition, fees, and room and board before any aid is applied. But, a school that excels in providing value for your money must also be a great school overall as well.
To take this into account we consider a college's overall Best Colleges ranking which itself looks at a combination of different factors like degree completion, educational resources, student body caliber and post-graduation earnings for the school as a whole.
We go into more detail on these factors on our best value ranking methodology page.
Keep scrolling for the top schools in this ranking or select one of the other rankings methods below.
If you know what major you want to study, check out our list of the best value schools by major. If you're interested in other degree levels, you can view one of the lists below.
Learn more about these excellent schools below:
Purdue University - Main Campus tops this year’s ranking as the best value (no aid) school for master’s degrees in Indiana for overall quality. Purdue is a public institution located in West Lafayette, Indiana.
Purdue University - Main Campus has the honor of being ranked #2 in Indiana for overall quality on top of being a good value. The average cost to attend the school for graduate students if you don’t receive any aid is $20,022 a year.
Out of the 33 master’s degree schools in Indiana that were part of this year’s ranking, Indiana University - Bloomington landed the #2 spot on the list. Indiana University - Bloomington is a large public school located in Bloomington, Indiana.
Not only is Indiana University - Bloomington a great value, but it is also ranked #3 in Indiana for overall quality. The average cost to attend the school for graduate students if you don’t receive any aid is $23,427 a year.
A rank of #3 on our Best Master’s Degree Colleges for the Money in Indiana list means Ball State University is a great place for students working on their degree. Muncie, Indiana is the setting for this large institution of higher learning. It is a public school.
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. The average cost without aid for the school is $20,940 per year for graduate students.
A rank of #4 on our Best Master’s Degree Colleges for the Money in Indiana list means Indiana University - Purdue University - Indianapolis is a great place for students working on their degree. IUPUI is located in Indianapolis, Indiana and has a large student population. It is a public school.
Not only is Indiana University - Purdue University - Indianapolis a great value, but it is also ranked #7 in Indiana for overall quality. The average cost without aid for the school is $20,977 per year for graduate students.
Full Indiana University - Purdue University - Indianapolis Value Report
The quality degree programs at helped the school earn the #5 place on this year’s ranking of Best Master’s Degree Colleges for the Money in Indiana.
The average cost to attend the school for graduate students if you don’t receive any aid is $11,000 a year.
Trine University-Regional/Non-Traditional Campuses ranked #6 on this year’s Best Master’s Degree Colleges for the Money in Indiana list. Trine is a small private not-for-profit school situated in Fort Wayne, Indiana.
In addition to being included on this ranking as a good value, Trine University-Regional/Non-Traditional Campuses is ranked #10 for quality in the state of Indiana. The average cost to attend the school for graduate students if you don’t receive any aid is $19,926 a year.
Learn More About Value at Trine University-Regional/Non-Traditional Campuses
Indiana Wesleyan University ranked #7 on this year’s Best Master’s Degree Colleges for the Money in Indiana list. IWU is a small private not-for-profit school situated in Marion, Indiana.
Indiana Wesleyan University has the honor of being ranked #8 in Indiana for overall quality on top of being a good value. The average cost to attend the school for graduate students if you don’t receive any aid is $23,086 a year.
University of Southern Indiana did quite well in the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking, coming in at #8. Evansville, Indiana is the setting for this medium-sized institution of higher learning. It is a public school.
University of Southern Indiana has the honor of being ranked #11 in Indiana for overall quality on top of being a good value. The average cost without aid for the school is $20,156 per year for graduate students.
Indiana Wesleyan University - National & Global came in at #9 in this year’s edition of the Best Master’s Degree Colleges for the Money in Indiana ranking. This fairly large private not-for-profit school is located in Marion, Indiana.
Not only is Indiana Wesleyan University - National & Global a great value, but it is also ranked #9 in Indiana for overall quality. The average cost without aid for the school is $23,544 per year for graduate students.
Full Indiana Wesleyan University - National & Global Value Report
Grace College and Theological Seminary ranked #10 on this year’s Best Master’s Degree Colleges for the Money in Indiana list. Winona Lake, Indiana is the setting for this small institution of higher learning. It is a private not-for-profit school.
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. The average cost to attend the school for graduate students if you don’t receive any aid is $18,030 a year.
Learn More About Value at Grace College and Theological Seminary
Butler University landed the #11 spot on the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking. Butler is a private not-for-profit institution located in Indianapolis, Indiana.
Butler University has the honor of being ranked #6 in Indiana for overall quality on top of being a good value. The average cost to attend the school for graduate students if you don’t receive any aid is $29,635 a year.
With a ranking of #12, Purdue University Northwest did quite well on the 2024 Best Master’s Degree Colleges for the Money in Indiana list. This medium-sized public school is located in Hammond, Indiana.
In addition to being included on this ranking as a good value, Purdue University Northwest is ranked #24 for quality in the state of Indiana. The average cost without aid for the school is $14,288 per year for graduate students.
With a ranking of #13, Purdue University Fort Wayne did quite well on the 2024 Best Master’s Degree Colleges for the Money in Indiana list. PFW is located in Fort Wayne, Indiana and has a medium-sized student population. It is a public school.
Not only is Purdue University Fort Wayne a great value, but it is also ranked #22 in Indiana for overall quality. The average cost to attend the school for graduate students if you don’t receive any aid is $16,394 a year.
Indiana State University came in at #14 in this year’s edition of the Best Master’s Degree Colleges for the Money in Indiana ranking. This medium-sized public school is located in Terre Haute, Indiana.
In addition to being included on this ranking as a good value, Indiana State University is ranked #20 for quality in the state of Indiana. The average cost without aid for the school is $19,238 per year for graduate students.
Valparaiso University landed the #15 spot on the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking. Located in Valparaiso, Indiana, the school is a small private not-for-profit institution.
Not only is Valparaiso University a great value, but it is also ranked #12 in Indiana for overall quality. The average cost to attend the school for graduate students if you don’t receive any aid is $25,092 a year.
Huntington University landed the #16 spot on the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking. Huntington, Indiana is the setting for this small institution of higher learning. It is a private not-for-profit school.
In addition to being included on this ranking as a good value, Huntington University is ranked #19 for quality in the state of Indiana. The average cost to attend the school for graduate students if you don’t receive any aid is $21,010 a year.
Indiana University - Northwest landed the #17 spot on the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking. Indiana University - Northwest is a small public school located in Gary, Indiana.
Indiana University - Northwest has the honor of being ranked #26 in Indiana for overall quality on top of being a good value. The average cost to attend the school for graduate students if you don’t receive any aid is $17,366 a year.
With a ranking of #18, Indiana University - Southeast did quite well on the 2024 Best Master’s Degree Colleges for the Money in Indiana list. Indiana University - Southeast is a public institution located in New Albany, Indiana.
In addition to being included on this ranking as a good value, Indiana University - Southeast is ranked #23 for quality in the state of Indiana. The average cost without aid for the school is $19,490 per year for graduate students.
Indiana University - East came in at #19 in this year’s edition of the Best Master’s Degree Colleges for the Money in Indiana ranking. Richmond, Indiana is the setting for this small institution of higher learning. It is a public school.
Indiana University - East has the honor of being ranked #28 in Indiana for overall quality on top of being a good value. The average cost without aid for the school is $17,366 per year for graduate students.
Bethel University - Mishawaka ranked #20 on this year’s Best Master’s Degree Colleges for the Money in Indiana list. Bethel University is located in Mishawaka, Indiana and has a small student population. It is a private not-for-profit school.
Not only is Bethel University - Mishawaka a great value, but it is also ranked #29 in Indiana for overall quality. The average cost without aid for the school is $17,500 per year for graduate students.
Indiana University - South Bend did quite well in the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking, coming in at #21. Located in South Bend, Indiana, the school is a small public institution.
In addition to being included on this ranking as a good value, Indiana University - South Bend is ranked #27 for quality in the state of Indiana. The average cost without aid for the school is $18,266 per year for graduate students.
University of Saint Francis - Fort Wayne came in at #22 in this year’s edition of the Best Master’s Degree Colleges for the Money in Indiana ranking. This small private not-for-profit school is located in Fort Wayne, Indiana.
Not only is University of Saint Francis - Fort Wayne a great value, but it is also ranked #18 in Indiana for overall quality. The average cost without aid for the school is $23,418 per year for graduate students.
Learn More About Value at University of Saint Francis - Fort Wayne
Indiana University - Kokomo ranked #23 on this year’s Best Master’s Degree Colleges for the Money in Indiana list. Indiana University - Kokomo is a small public school located in Kokomo, Indiana.
In addition to being included on this ranking as a good value, Indiana University - Kokomo is ranked #31 for quality in the state of Indiana. The average cost to attend the school for graduate students if you don’t receive any aid is $17,366 a year.
Anderson University Indiana came in at #24 in this year’s edition of the Best Master’s Degree Colleges for the Money in Indiana ranking. Anderson University Indiana is located in Anderson, Indiana and has a small student population. It is a private not-for-profit school.
Anderson University Indiana has the honor of being ranked #21 in Indiana for overall quality on top of being a good value. The average cost to attend the school for graduate students if you don’t receive any aid is $23,213 a year.
Oakland City University landed the #25 spot on the 2024 Best Master’s Degree Colleges for the Money in Indiana ranking. 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. The average cost without aid for the school is $19,400 per year for graduate students.
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Footnotes
*These averages are for the top 25 schools only.
More about our data sources and methodologies.