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17 Cheapest Colleges in Indianapolis, & their Fees

Written by Michael Nz. on December 8, 2021

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Indianapolis, the capital city of Indiana, is a wonderful place to earn a degree. Indiana has a good number of medium-sized universities and small liberal arts schools. There are also top-tier universities in Indiana like Purdue University.

However, while making sure you get a pocket-friendly college in Indianapolis, you need to check their accreditation status. You can choose an online college or university in Indianapolis, Indiana as they also provide cheap and quality education.

If you want to study at the undergraduate or graduate level, you will surely find a university in Indianapolis for you. Most of the institutions in Indiana have a good national ranking and offer exciting programs for students in each academic discipline.

We have updated the cheapest colleges and universities in Indianapolis where you can earn a degree of your choice to study. While this will save you the stress of having to research these schools yourself, we owe you an explanation as to why these schools are on the list.

Classification methodology

In determining the cheapest colleges in Indianapolis, several factors come into play. Enrollment, graduation rate, accreditation status, student to faculty ratio, and mode of study. Although tuition is the most important factor in determining the affordability of a college or university, the interplay of these other factors will affect your decision.

Accreditation status, for example, determines how valuable your degree would be after graduation. Studying a professional program is highly dependent on this. Therefore, you must make sure that you are not dumb when it comes to pennies.

The student to faculty ratio, on the other hand, determines the quality of care you will receive from your professors. A lower student-teacher ratio means you get the most value for your money. It implies that the teacher may not have to struggle with the noise of a large crowd of students to provide the personal academic assistance that you deserve.

Also, you will want to know the proportion of students graduating from the college of your choice. The higher the graduation rate, the better your chances of graduating at the end of the program duration.

Finally, the mode of study also plays an important role in determining how affordable a university is. Online programs are usually cheaper than studying the same program on campus.

Therefore, to get the cheapest colleges in Indianapolis, we have combined all these factors. Although the cheapest school on our list will have the lowest tuition, it will also have a reasonable combination of other factors.

Online Universities in Indianapolis

The preference for studying online is growing, and schools that previously only offered education on campus are expanding to meet the demand for the online program.

We are separately ranking the best ten (10) online schools in this section, so you make your selection decision if you are interested in studying online alone in Indianapolis.

However, these schools still rank among the cheapest colleges in Indianapolis, but not quite as high as they occupy in the online category.

Therefore, we will continue to list the top ten cheapest online colleges in Indiana based on tuition and, of course, the silent interplay of the other factors.

Here are the cheapest online colleges in Indiana by unit of credit:

  • Indiana University East – $ 224.22 
  • Purdue University – $ 329.05 
  • Ball State University – $ 414
  • Indiana University – $ 445
  • Saint Mary-of-the-Woods College – $ 496
  • Indiana Wesleyan University – $ 887
  • The University of Indianapolis – $ 994.80
  • Indiana State University – $ 592
  • Mariana University – $ 1,458
  • Butler University – $ 580

List of 17 Cheapest Colleges in Indianapolis

Our list of cheapest colleges in Indianapolis consists of online and on-campus universities. Again, we rank these schools based on tuition costs, accreditation status, graduation rate, and student to faculty ratio.

#1. Indiana University East

This public university is located in Richmond, Indiana, and is a regional campus of Indiana University. The Higher Learning Commission (HLC) also accredits IU East.

This cheap online Indiana University offers its students the opportunity to choose from more than 60 academic programs while participating in 11 sports teams and more than 30 organizations and clubs.

Additionally, IU East enrolls more than 4,000 students both on its traditional campus and online. This Indiana University offers undergraduate and graduate degrees in areas such as business administration, MBA, education, and general studies.

IU East has a student-faculty ratio of 14: 1 and a graduation rate of 36 percent.

Also, this cheap Indiana online university charges an in-state tuition of $ 7,344 and an out-of-state tuition of $19,400.

Find out more about this Indiana University using the link below:

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#2. Indiana University Southeast

This affordable public university is located in New Albany, Indiana. Indiana University Southeast is a regional campus of the Indiana campus.

In addition, it has the accreditation of the Higher Education Commission (HLC). This Indiana University enrolls more than 7,100 students, of which more than 6,300 are college students.

Indiana University Southeast is known for its affordable undergraduate programs in education, nursing, and business.

Meanwhile, the university offers more than 50 undergraduate and graduate degrees through its schools ofSocial Sciences, Nursing, Natural Sciences, Education, Business, Letters and Letters, and General Studies. 

Indiana University Southeast has a student-faculty ratio of 14: 1 and a graduation rate of 32 percent.

Additionally, this Indiana regional university charges an in-state tuition of $ 7,344 and an out-of-state tuition of $ 19,400.

Find out more about this Indiana University using the link below:

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#3. Indiana University Kokomo

This public university is located in Kokomo, Indiana and is one of the regional campuses of Indiana University. The Higher Learning Commission of the North Central Association of Colleges and Schools (HLC-NCA) accredits Indiana University Kokomo (IUK).

The university has a total enrollment of 4,100 undergraduate and graduate students. Therefore, it offers personalized support and rigorous academic programs to prepare students for entry-level positions in the workforce.

You can earn a good number of university degrees from IUK, including psychology , nuclear medicine technology, humanities, and applied science.

IUK has a 16: 1 student-to-faculty ratio and a 39 percent graduation rate.

Additionally, this Indiana regional university charges an in-state tuition of $7,344 and an out-of-state tuition of $19,400.

Find out more about this Indiana University using the link below:

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#4. Indiana University South Bend

This affordable public university is located in South Bend as one of the Indiana University campuses. IU South is Indiana University’s third largest campus and is HLC accredited.

This Indiana University offers affordable online degree programs to approximately 5,200 students at the Elkhart Center, as well as on its South Bend campus.

The university offers courses to students through its schools and colleges, which include liberal arts and sciences, education and business, and economics.

IU South has a student-to-faculty ratio of 13: 1 and a graduation rate of 29 percent.

Additionally, this Indiana regional university charges an in-state tuition of $7,344 and an out-of-state tuition of $19,400.

Find out more about this Indiana University using the link below:

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#5. Indiana University Northwest

This university is located in Gary, Indiana, as a regional campus of Indiana University. Indiana University (IU) Northwest is regionally accredited by the Higher Learning Commission.

IU Northwest offers students certificate, associate, bachelors and master’s degrees in more than 70 areas of study. Students can also take these degree programs on campus or through a hybrid delivery, online and in person.

This Indiana University offers its courses through its faculties that include the College of Health and Human Services, School of Education, and School of Business and Economics.

IU Northwest has a 14: 1 student-to-faculty ratio and a 28 percent graduation rate.

Additionally, this Indiana regional university charges an in-state tuition of $ 7,344 and an out-of-state tuition of $ 19,400.

Find out more about this Indiana University using the link below:

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# 6.  Purdue University

This public research university is located in West Lafayette, Indiana and is the flagship school of the Purdue University System.

Purdue University is also HLC accredited and has an annual enrollment of approximately 41,500 students. While Purdue University has five locations, it also has Purdue Global and Purdue University Online.

This cheap online Indiana University offers more than 200 undergraduate, 60 masters and doctoral degrees, as well as professional programs in veterinary medicine and pharmacy.

Purdue provides education to its students through 13 schools and colleges. It also provides its students with the opportunity to earn a joint bachelor’s and master’s degree.

You can also look at Purdue University Admission, Courses, Ranking and Tuition Fees to plan your degree in your study.

Purdue has a student-to-faculty ratio of 13: 1 and a graduation rate of 78 percent.

Also, this cheap Indiana online university charges an in-state tuition of $9,992 and an out-of-state tuition of $28,794.

Find out more about this Indiana University using the link below:

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#7. Ball State University

This public co-ed research university is located in Muncie, Indiana and has two satellite campuses in Indianapolis and Fishers.

Ball State University is also HLC accredited. This Indianapolis online university offers affordable undergraduate degrees in more than 175 areas of study.

This Indiana University offers these degrees through seven academic universities that include humanities, fine arts, education, and applied sciences.

Additionally, Ball State University has gained national recognition in its education, telecommunications, and architectural programs.

Additionally, this Indianapolis online university offers students the opportunity to earn a bachelor’s degree in three years through its “Bachelor of 3” program.

Ball State University has a student-faculty ratio of 17: 1 and a graduation rate of 62 percent.

Also, this cheap Indiana online university charges an in-state tuition of $ 9,896 and an out-of-state tuition of $ 26,468.

Find out more about this Indiana University using the link below:

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# 8. Indiana State University

This public university is located in Terre Haute, Indiana and, like most Indiana universities, is HLC accredited.

Indiana State University (ISU) offers 100 undergraduate majors, 90 minors, as well as 75 professional and graduate programs. ISU also offers online education to the extent that it offers on-campus learning.

Additionally, this Indiana online university has five colleges, including the College of Technology, the College of Health and Human Services, and the College of Graduate and Professional Studies.

One of the wonders of studying online at ISU is that the university gives you access to a laptop loan program, classrooms, and scholarships.

ISU has a student-faculty ratio of 21: 1 and a graduation rate of 39 percent.

Additionally, this Indiana online university charges an in-state tuition of $ 9,090 and an out-of-state tuition of $ 19,836.

Find out more about this Indiana University using the link below:

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# 9. Indiana University-Purdue University Indianapolis

This Indiana University is a merger between Indiana University at Indianapolis and the Purdue Indianapolis Extension Center that occurred in 1969.

The Higher Learning Commission of the North Central Association of Colleges and Schools accredits Indiana University-Purdue University Indianapolis (IUPUI).

Meanwhile, IUPUI is a central campus of Indiana University and enrolls more than 28,700 students, 20,000 of whom are college students.

In addition to its on-campus facilities, IUPUI also offers online courses. This Indianapolis online university offers more than 350 affordable academic programs through its 18 schools.

Thus, your students can obtain a degree in fields of study such as public relations, nursing, informatics and cryotechnology.

IUPUI has a student-faculty ratio of 17: 1 and a graduation rate of 45 percent.

Also, this cheap Indianapolis online university charges an in-state tuition of $ 9,465 and an out-of-state tuition of $ 29,821.

Find out more about this Indiana University using the link below:

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# 10. Indiana University Bloomington

This university is located in Bloomington, Indiana and is the largest in the Indiana University System with a total enrollment of more than 48,000 students. This Indiana University is also accredited by the HLC.

Additionally, IU Bloomington is a Public Ivy College. This means that it offers a quality of education comparable to Ivy League schools. The university offers more than 550 affordable academic programs, of which more than 200 are for a bachelor’s degree.

Additionally, this inexpensive Indiana University is famous for its commitment to civic engagement, appreciation for cultural diversity, and rigorous academic programs.

You can also view this $100,000 UNESCO International Fund for Cultural Diversity and apply today.

IU Bloomington has a student-faculty ratio of 17: 1 and a graduation rate of 77 percent.

Additionally, this Indiana regional university charges an in-state tuition of $ 10,680 and an out-of-state tuition of $ 35,456.

Find out more about this Indiana University using the link below:

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#11. Crossroads Bible College

This Indiana University is a private undergraduate biblical university located in Indianapolis. Additionally, the Association Commission accredits Crossroads Bible College for Biblical Higher Education.

CBC programs are both on campus and online, through one-, five-, and 15-week formats.

This Indianapolis University offers five affordable bachelor’s degrees. Students can choose from Biblical Counseling and Equipment, Executives and Ministry, Organizational Leadership, Urban Leadership, and Interdisciplinary Studies.

Although tuition at this Indianapolis University is affordable, approximately 90 percent of CBC students receive some form of financial aid.

CBC has a student-faculty ratio of 13: 1 and a graduation rate of 68 percent.

Additionally, this Indianapolis University charges an in-state tuition of $ 12,400 and an out-of-state tuition of $ 12,400.

Find out more about this Indiana University using the link below:

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# 12. Butler University

Butler University is a private university in Indianapolis. US News & World Report’s Best Colleges of 2019 rank as the number one (1) Midwest Regional Colleges in the US.

This Indianapolis University is also HLC accredited. In addition, Butler offers more than 60 major academic fields of study, 8 of which are pre-professional programs and 19 are graduate programs.

In addition, Butler offers its programs at six universities and schools, including Andre B. Lacy School of Business, College of Communication, and College of Education.

Meanwhile, Butler’s online learning is the perfect place in Indianapolis to acquire an online master’s degree. This Indianapolis online university has a Master of Science in Risk and Insurance completely online.

This Indianapolis online university has a student-faculty ratio of 11: 1 and a graduation rate of 77.8 percent.

Also, this Indianapolis online university charges an in-state tuition of $ 20,685 and an out-of-state tuition of $ 20,685. However, online tuition costs $ 580 per credit hour.

Find out more about this Indiana University using the link below:

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#13. Oakland City University

This college affiliated with General Baptists is located in Oakland City, Indiana. Oakland City University is also HLC accredited and has about 2,350 college students.

Meanwhile, this Indiana University places a strong emphasis on Christian values, service, and faith.

In addition to undergraduate programs, OCU also offers graduate programs through its five schools, namely: Professional Studies, Religious Studies, Education, Business, and Arts and Sciences. To the extent that this Indiana University offers on-campus learning, it also provides an affordable online learning environment for its students.

OCU has a 12: 1 student-to-faculty ratio and a 53 percent graduation rate.

Also, this cheap Indiana online university charges an in-state tuition of $ 24,000 and an out-of-state tuition of $ 24,000.

Find out more about this Indiana University using the link below:

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# 14. Indiana Wesleyan University

This Christian liberal arts college is located in Marion, Indiana. Indiana Wesleyan University (IWU) is affiliated with the Wesleyan Church and is the largest private university in Indiana.

Additionally, IWU is HLC accredited and enrolls more than 13,800 students annually, 3,000 of whom are at its Marion campus.

Additionally, East Indiana offers online learning just as much as it offers on-campus programs. You can choose from more than 80 graduate and undergraduate programs to earn an IWU degree.

Some of IWU’s unique titles are Biblical Recreation Management Literature, Music Therapy, and Convergent Journalism.

IWU has a student-faculty ratio of 14: 1 and a graduation rate of 63 percent.

Also, this cheap Indiana online university charges $ 26,630 in-state tuition and $ 26,630 out-of-state tuition.

Find out more about this Indiana University using the link below:

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#15. The University of Indianapolis

This private four-year university is affiliated with the United Methodist Church and is located in Indianapolis.

The University of Indianapolis (UIndy) has an enrollment of more than 7,200 students pursuing undergraduate and graduate degrees.

UIndy is also HLC accredited and offers more than 100 programs. In addition to its on-campus learning facilities, this Indianapolis University also offers online learning to its students.

Additionally, UIndy stands out as one of the best colleges for aspiring occupational and physical therapists as well as clinical psychologists. However, this Indianapolis online university offers non-health related majors such as communication, education, and business.

UIndy has a student-faculty ratio of 13: 1 and a graduation rate of 56 percent.

Also, this Indianapolis online university charges an in-state tuition of $ 29,688 and an out-of-state tuition of $ 29,688.

Find out more about this Indiana University using the link below:

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# 16. College of Santa Maria de los Bosques

This is a Catholic liberal arts college located in Saint Mary-of-the-Woods, Indiana. Saint Mary-of-the-Woods College (SMWC) is also HLC accredited and enrolls more than 1,700 students annually.

Additionally, SMWC offers its students the opportunity to choose from more than 40 academic programs. To the extent that SMWC offers on-campus learning, its online learning is one of the best in Indianapolis.

Additionally, at the undergraduate level, SMWC offers 25 programs on campus and 13 online. Some of the programs offered by SMWC are special education and teaching, nursing, business, education, and psychology.

SMWC has a student-faculty ratio of 8: 1 and a graduation rate of 57 percent.

Also, this cheap Indiana online university charges an in-state tuition of $ 29,960 and an out-of-state tuition of $ 29,960.

Find out more about this Indiana University using the link below:

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#17. Marian University

This is a private, non-profit Roman Catholic university located in Indianapolis. The North Central Association of Colleges and Schools accredit Marian University.

Additionally, as of 2017, 2,431 of Marian University’s students are undergraduate students, 1,164 are graduate students, and 650 are medical students.

This university is ideal for students who are interested in earning an online degree in Indianapolis, Indiana.

The school offers 40 majors, 46 minors, and 26 concentrations through its five (5) colleges, including the Clark H. Byrum School of Business, the College of Osteopathic Medicine, and the College of Arts and Sciences.

This Indianapolis online university has a 14: 1 student-to-faculty ratio and a 54 percent graduation rate.

Also, this Indianapolis online university charges $ 35,000 in-state tuition and $ 35,000 out-of-state tuition. However, online tuition costs $ 1,458 per credit hour.

Find out more about this Indiana University using the link below:

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Best Industries, Careers, and Employers in Indianapolis

One of the reasons you would consider studying in Indianapolis is the future of your chosen career. Most of the students decide to start a career in the place where they studied.

If you are considering studying in Indianapolis and developing a career afterward, you should know that for the past two decades, Indianapolis has worked to become a leading financial, commercial and industrial center.

Today, the key industries where you can build a burgeoning career in Indianapolis are Life Sciences, Transportation, Distribution and Logistics, Advanced Manufacturing, Clean Tech Energy, Information Technology and Motorsports. Additionally, occupations in health care and social services, arts, entertainment and recreation, and administrative and support services have shown a high growth rate in Indianapolis. The same as Professional, Scientific and Technical and Transportation and Storage.

Also, some of the largest Indiana companies that you can get a job with after graduation are Barnes & Thornburg, LLP, and FedEx Hub Facility. You can also get exciting opportunities at Decatur County Memorial Hospital, Monarch Beverage Co., and RCI.

Healthcare is among one of the employers in the top employers listed above. This industry has been growing and would have the highest growth in the next decade. This is because healthcare is one of the industries in the Indiana economy that has shown the highest growth in the last five years.

Conclusion

Indianapolis is the capital of Indiana, USA, and it’s a perfect place to study, with its league of universities on campus and online.

However, while optimizing your choice of college to study in Indianapolis, you may want to consider factors other than the affordability of the program.

Some of these factors include the accreditation status of the University of Indianapolis, graduation rate, student to faculty ratio, and online learning.

Our post combines these factors brilliantly to rank the cheapest colleges in Indianapolis and surrounding Indiana locations where you can earn a degree.

F.A.Q: Cheapest Colleges in Indianapolis, Online & Fees

How many schools offer undergraduate programs in Indiana?

According to the National Center for Education Statistics (NCES), there are 164 colleges, universities, technical and vocational schools, career academies, and other postsecondary educational institutions in the state of Indiana.

Is Indiana a good business school?

The Kelley School of Business at Indiana University is ranked 10th in the new rankings released today by US News & World Report and remains second among its top ten peers. Kelley’s business major remains number one among public schools and third overall.

Entering college in Indiana with a low SAT score.

  • Purdue University North Central Campus. Westville, Indiana.
  • Saint Josephs College.
  • Purdue University Calumet Campus.
  • College of Santa María de los Bosques.
  • Indiana University Northwest.
  • Anderson University.
  • Indiana State University.
  • Indiana University Kokomo.

 

What is the largest university in Indiana?

Founded in 1820, Indiana University-Bloomington is the largest university in the state and the flagship campus of the IU system in southwestern Indiana. IU encompasses 16 universities and schools that are home to more than 200 undergraduate majors.

 

What is the oldest university in Indiana?

The oldest university in Indiana is Vincennes University, which was founded in 1801. Vincennes is a public university and is located in Vincennes, Indiana. There are seven-degree programs available at Vincennes, but most of the programs at this university are two-year programs.

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