Colleges with the lowest student debt in Indiana
Colleges whose graduates leave with the least federal student debt.
Colleges with the lowest student debt in Indiana21 schools
21 schools qualify, ranked by median debt.
How this list is made
- Schools in Indiana.
- Accredited four-year undergraduate colleges.
- Academic Excellence grade B+ or better (the top 35% of rated colleges).
- Has the median federal loan debt of graduates from federal data (College Scorecard).
- Each school needs a complete Compass Score, so every row shows a rating.
- Ordered by median debt, lowest first.
Updated Oct. 20, 2026. Methodology. Spot an error? Send a correction.
- 1
Oakland City University
Oakland City, IN · Private nonprofitTop 24% for low debt
- Median debt $16,758
- 66% graduate
- 2
University of Notre Dame
Notre Dame, IN · Private nonprofitHonor Roll#1 in Indiana
- Median debt $19,000
- 95% graduate
- 3
- 4
- 5
Indiana University-Indianapolis
Indianapolis, IN · PublicTop 20% for low net price
- Median debt $20,000
- 54% graduate
- 6
Taylor University
Upland, IN · Private nonprofitTop 16% for graduation
- Median debt $20,500
- 74% graduate
- 7
- 8
- 9
- 10
Holy Cross College
Notre Dame, IN · Private nonprofitTop 17% for graduation
- Median debt $24,000
- 73% graduate
- 11
Indiana Wesleyan University-Marion
Marion, IN · Private nonprofit#16 in Indiana
- Median debt $24,250
- 67% graduate
- 12
University of Evansville
Evansville, IN · Private nonprofit#14 in Indiana
- Median debt $24,606
- 64% graduate
- 13
Rose-Hulman Institute of Technology
Terre Haute, IN · Private nonprofitTop 2% for earnings
- Median debt $25,000
- 78% graduate
- 14
- 15
Huntington University
Huntington, IN · Private nonprofit#19 in Indiana
- Median debt $25,576
- 64% graduate
- 16
Butler University
Indianapolis, IN · Private nonprofitTop 9% for earnings
- Median debt $26,000
- 80% graduate
- 17
Valparaiso University
Valparaiso, IN · Private nonprofitTop 20% for graduation
- Median debt $26,942
- 70% graduate
- 18Tie
- 18Tie
- 18Tie
- 18Tie
Marian University
Indianapolis, IN · Private nonprofitTop 25% for graduation
- Median debt $27,000
- 67% graduate
Compare cost and outcomes
| School | Net price a year | Median debt | Earnings 10 years out | Graduation rate |
|---|---|---|---|---|
| Oakland City University | $15,210 | $16,758 | $43,283 | 66% |
| University of Notre Dame | $26,780 | $19,000 | $99,980 | 95% |
| Purdue University | $14,600 | $19,500 | $72,424 | 83% |
| Indiana University-Bloomington | $16,264 | $19,509 | $63,742 | 80% |
| Indiana University-Indianapolis | $11,668 | $20,000 | $55,198 | 54% |
| Taylor University | $24,865 | $20,500 | $52,198 | 74% |
| Goshen College | $14,493 | $22,974 | $51,943 | 65% |
| Ball State University | $14,940 | $23,250 | $51,833 | 62% |
| Earlham College | $24,714 | $23,488 | $50,797 | 69% |
| Holy Cross College | $26,728 | $24,000 | $50,416 | 73% |
| Indiana Wesleyan University-Marion | $22,866 | $24,250 | $59,986 | 67% |
| University of Evansville | $18,499 | $24,606 | $53,770 | 64% |
| Rose-Hulman Institute of Technology | $42,513 | $25,000 | $101,253 | 78% |
| Hanover College | $21,829 | $25,250 | $53,957 | 67% |
| Huntington University | $19,310 | $25,576 | $46,672 | 64% |
| Butler University | $36,041 | $26,000 | $77,235 | 80% |
| Valparaiso University | $18,578 | $26,942 | $63,191 | 70% |
| DePauw University | $22,264 | $27,000 | $70,527 | 75% |
| Wabash College | $24,336 | $27,000 | $69,952 | 77% |
| Saint Mary's College | $25,292 | $27,000 | $59,354 | 69% |
| Marian University | $24,018 | $27,000 | $58,759 | 67% |
Net price is the average yearly cost after grants. Federal data (College Scorecard). “—” means the school reports no figure.
This list in other states
- Alabama 5
- Arizona 4
- Arkansas 5
- California 61
- Colorado 6
- Connecticut 13
- District of Columbia 5
- Florida 21
- Georgia 9
- Illinois 21
- Iowa 16
- Kansas 4
- Kentucky 7
- Louisiana 3
- Maine 9
- Maryland 15
- Massachusetts 46
- Michigan 20
- Minnesota 19
- Missouri 19
- Nebraska 8
- New Hampshire 5
- New Jersey 16
- New York 75
- North Carolina 18
- Ohio 33
- Oklahoma 4
- Oregon 11
- Pennsylvania 60
- Rhode Island 9
- South Carolina 10
- Tennessee 10
- Texas 20
- Utah 4
- Vermont 6
- Virginia 21
- Washington 13
- Wisconsin 15