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Top 15 Cheapest Colleges in Indianapolis

Top Cheapest Colleges in Indianapolis

A great place to get a degree is Indianapolis, the state capital of Indiana. Small liberal arts colleges and medium colleges can be found in good numbers in Indiana. Additionally, Indiana has prestigious universities like Purdue University.

To make sure you choose a college in Indianapolis that is affordable, you must confirm its accreditation status. You could pick an online school in Indianapolis, Indiana since they also offer affordable and high-quality education.

There is a university in Indianapolis for everyone, whether you want to pursue undergraduate or graduate studies. The majority of Indiana’s educational institutions are well regarded on the national level and provide engaging courses in all academic fields.

The most affordable schools and institutions in Indianapolis where you can pursue your academic goals have been updated. We owe you an explanation of why these colleges made the list, even though it will relieve you of the stress of having to do your own research on them.

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Selecting a Cheap College in Indianapolis

Both a financial and an intellectual decision must be made while selecting a college. It’s crucial to understand how to evaluate affordability and compare universities. When comparing the prices of institutions, it’s critical to take into account not just the tuition but also the availability of financial aid, graduation and employment rates, and housing alternatives.

1. Consider the Net Price Rather Than the Listed Price

The cost of tuition is included in the amount indicated. Contrarily, the net price is what students actually pay once financial aid is taken into consideration. Since the vast majority of students get financial aid, typical expenditures are frequently less than those listed.

By taking into consideration out-of-pocket costs and the financial aid you’re expected to receive, net pricing calculators at colleges can assist you in comparing the true costs of various institutions. There are net calculators on each school’s financial aid page. The outcomes are estimates since not all of them are standardized.

2. Apply to institutions offering merit-based scholarships

A lot of institutions award students who meet particular academic requirements merit-based scholarships. Institutions vary in how generously they give merit aid. Make sure you comprehend the application procedure and ask about any merit-based aid the university offers. There can be a personal essay to write as well as numerous forms to complete.

3. Visit a place with a low cost of living.

Location is one of the key elements that affects how much an education costs. State-run educational facilities typically charge less per student than private ones. You might save money on tuition by selecting a school in your home state. Many governments provide grants and other types of financial aid that are only available to students who stay in the state.

For instance, North Carolina offers scholarships to students studying criminal justice in the public school system, while Ohio offers grants to in-state nursing students. You can spend less on things like long-distance travel and lodging by remaining in your state.

Also Read: 9 Free Universities in Greece for International Students

colleges in indianapolis

How to Submit an Indianapolis Financial Aid Application

Filling out your FASFA is required in order to apply for financial aid in Indianapolis. Numerous FAFSA applicants have had to make financial modifications as a result of the COVID-19 emergency and other financially detrimental situations. Apply for federal assistance by following these instructions.

  1. If applicable, complete the FAFSA questions as instructed, utilizing the IRS Data Retrieval Tool.
  2. Fill out all additional appropriate scholarship applications for which you are qualified.
  3. Get in touch with the financial aid office of the institution you want to attend to talk about any changes to your financial situation.
  4. Remember that the entire amount of your financial assistance award is based on the current income of your family. Apply for loans if your prize is less than you anticipated.

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Top Cheapest Indianapolis Online Colleges

  • 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
  • Marian University – $1,458
  • Butler University – $580

Also Read: Best universities to study international law 2023

Cheapest Colleges in Indianapolis

On and off-campus colleges are included in our ranking of the most affordable colleges in Indianapolis. Once more, we evaluated these schools’ tuition costs, accreditation status, graduation rate, and student-to-faculty ratios before ranking them.

Indiana East University

This public institution is a branch campus of Indiana University and is situated in Richmond, Indiana. Additionally, IU East is recognized by the Higher Learning Commission (HLC).

Students at this low-cost online Indiana University have the option to select from more than 60 academic programs and take part in 11 sports teams, more than 30 organizations, and clubs.

colleges in indianapolis

Furthermore, IU East has more than 4,000 students enrolled, both on its physical campus and online. Undergraduate and graduate degrees in subjects like business management, education, and general studies are offered by this Indiana college.

Indiana Southeast University

Located in New Albany, Indiana, this public university is reasonably priced. An outlying campus of Indiana Campus is Indiana University Southeast.

Additionally, the Higher Learning Commission has accredited it (HLC). More than 6,300 of the more than 7,100 students enrolled at this Indiana college are undergraduates.

The cheap bachelor’s degrees offered by Indiana University Southeast in business, nursing, and education are well-known.

Through its schools of social sciences, nursing, natural sciences, education, business, arts and letters, and general studies, the university provides more than 50 undergraduate and graduate degrees.

The student-to-faculty ratio of Indiana University Southeast is 14:1, and its graduation rate is 32%.

Additionally, the in-state tuition at this regional institution in Indiana is $7,344 while the out-of-state tuition is $19,400.

Indiana University Kokomo 

This public institution is a regional campus of Indiana University and is situated in Kokomo, Indiana. The Higher Learning Commission of the North Central Association of Colleges and Schools has accredited Indiana University Kokomo (IUK) (HLC-NCA).

A total of 4,100 undergraduate and graduate students are enrolled at the university. providing individualized assistance and challenging academic programs to prepare students for entry-level jobs in the workforce

colleges in indianapolis

IUK offers a wide range of undergraduate degrees in the humanities, applied sciences, nuclear medicine technology, psychology, and other fields.

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

Additionally, the in-state tuition at this regional institution in Indiana is $7,344 while the out-of-state tuition is $19,400.

Indiana University South Bend

This accessible public university is one of Indiana University’s campuses and is situated in South Bend. The HLC has accredited IU South, the third-largest campus at Indiana University.

In addition to its South Bend campus, this Indiana college serves around 5,200 students at the Elkhart Center through affordable online degree programs.

Through its schools and colleges, the university offers students courses in business and economics, education, liberal arts and sciences, and more.

Indiana University Northwest

This university is a branch campus of Indiana University and is situated in Gary, Indiana. The Higher Learning Commission has granted regional accreditation to Indiana University (IU) Northwest.

In more than 70 fields of study, IU Northwest provides students with certificate, associate, bachelor’s, and master’s degrees. Students can enroll in these degree programs online or through a hybrid format that combines both online and classroom instruction.

Through its faculties, which include the School of Education, the College of Health and Human Services, and the School of Business and Economics, this Indiana college delivers its courses.

The student-to-faculty ratio at IU Northwest is 14:1, and the graduation rate is 28%.

Purdue University, West Lafayette

The main campus of the Purdue Institution System is this public research university in West Lafayette, Indiana.

The HLC has also accredited Purdue University, which enrolls roughly 41,500 students yearly. In addition to its five physical locations, Purdue University also offers Purdue Global and Purdue University Online.

More than 200 undergraduate majors, 60 master’s and doctoral degrees, as well as professional programs in veterinary medicine and pharmacy are all available at this affordable online college in Indiana.

Through its 13 schools and colleges, Purdue educates its students. Additionally, it offers its students the chance to obtain a dual bachelor’s and master’s degree.

The student-to-faculty ratio at Purdue is 13:1, and the graduation rate is 78%.

Ball State University

Located in Muncie, Indiana, this public coeducational research university also includes campuses in Indianapolis and Fishers.

The HLC has also granted accreditation to Ball State University. This online institution in Indianapolis offers affordable undergraduate degrees in more than 175 subject areas.

The humanities, fine arts, education, and applied sciences are among the seven academic colleges at Indiana University that provide these degrees.

Additionally, Ball State University’s programs in education, telecommunications, and architecture have won acclaim on a national level.

Additionally, with its “Degree in 3” program, this online college in Indianapolis allows students to obtain a Bachelor’s degree in three years.

Also Read: 9 Free Universities in Greece for International Students

Indiana State University

This public institution is situated in Terre Haute, Indiana, and like the majority of universities in Indiana, it has HLC accreditation.

Indiana State University (ISU) provides 90 minors, 75 professional and graduate programs, 100 undergraduate majors, and 100 minors. In addition to on-campus learning, ISU also provides online education.

Additionally, there are five colleges at this Indiana online university, including the colleges of technology, health and human services, and graduate and professional studies.

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

Indiana University-Purdue University Indianapolis

In 1969, Indiana University Indianapolis and the Purdue Indianapolis Extension Center merged to form this Indiana University.

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

IUPUI, a major campus of Indiana University, with a total student population of nearly 28,700, 20,000 of whom are undergraduates.

IUPUI provides online courses in addition to on-campus ones. Through its 18 schools, this online college in Indianapolis provides more than 350 reasonably priced academic programs.

As a result, its students can earn degrees in disciplines like cryotechnology, nursing, informatics, and public relations.

Indiana University, Bloomington

With a total enrolment of more than 48,000 students, this university, which is based in Bloomington, Indiana, is the largest in the Indiana University System. The HLC has also accredited this Indiana University.

IU Bloomington is a Public Ivy university as well. This indicates that the educational standards are on par with those of Ivy League institutions. Roughly 200 of the university’s over 550 reasonably priced academic programs are geared toward undergraduate degrees.

Additionally, this budget-friendly Indiana University is well-known for its emphasis on civic participation, respect for cultural diversity, and demanding academic programs.

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Crossroads Bible College

This private undergraduate Bible college in Indiana is situated in Indianapolis. In addition, the Association for Biblical Higher Education Commission has accredited Crossroads Bible College.

The courses offered by CBC are offered in one-, five-, and fifteen-week forms both on campus and online.

There are five cheap Bachelor of Science programs available from this Indianapolis college. Interdisciplinary Studies, Leadership and Ministry, Organizational Leadership, Urban Leadership, and Biblical Counseling and Equipping are among the options available to students.

Even though the tuition at this Indianapolis university is reasonable, around 90% of its students receive financial aid.

Butler University

Private Butler University is located near Indianapolis. According to the 2019 Best Colleges list published by U.S. News & World Report, it is the top Midwest regional university in the country.

The HLC has also granted accreditation to this Indianapolis university. Butler University also provides more than 60 major academic fields of study, including 19 graduate programs and 8 pre-professional programs.

The Andre B. Lacy School of Business, College of Communication, and College of Education are just a few of the six colleges and schools where Butler delivers its programs.

Butler University’s online program is the ideal location in Indianapolis to pursue an online Master’s degree. A Master of Science in Risk and Insurance is offered entirely online by this online university in Indianapolis.

Oakland City University

This university in Oakland City, Indiana, is affiliated with the General Baptists. Additionally accredited by the HLC, Oakland City University enrolls 2,350 undergraduate students.

The Christian principles, service, and faith are highly valued at this Indiana university.

Through its five schools—professional studies, religious studies, education, business, and the arts and sciences—OCU provides graduate programs in addition to undergraduate ones. This Indiana college offers affordable online learning opportunities in addition to on-campus instruction.

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

Indiana Wesleyan University

The location of this Christian liberal arts college is Marion, Indiana. The largest private university in Indiana is Indiana Wesleyan University (IWU), which is associated with the Wesleyan Church.

Additionally, IWU enrolls about 13,800 students each year, with 3,000 of them attending its Marion campus, and is accredited by HLC.

In addition, this Indiana offers online courses in the same quantity as its on-campus courses. To earn a degree from IWU, you can select from more than 80 graduate and undergraduate programs.

Biblical literature, recreation management, music therapy, and convergence journalism are a few of IWU’s specialties.

You may also want to look at these 25 Undergraduate Scholarships for Journalism Students if you plan to study journalism at Indiana Wesleyan University.

The University of Indianapolis

This Indianapolis-based, four-year private university is associated with the United Methodist Church.

Over 7,200 people are enrolled at the University of Indianapolis (UIndy), pursuing both undergraduate and graduate degrees.

Additionally accredited by the HLC, UIndy provides more than 100 programs. This Indianapolis college offers its students online learning in addition to on-campus instruction.

Moreover, UIndy is renowned as one of the best universities for aspirants to become clinical psychologists, occupational and physical therapists, and other related professions. The non-health majors offered by this online institution in Indianapolis include communication, education, and business.

Frequently Asked Questions

Is Indiana’s rent expensive?

Indiana has a wide range of average rent costs. The typical rent in Indianapolis is $923 for a one-bedroom apartment and $1,126 for a two-bedroom. One bedroom apartments in South Bend typically cost $640 per month, while two bedrooms cost $840. A one-bedroom apartment in Evansville, Indiana costs $795, and a two-bedroom apartment costs $1,052.

Which Indiana city has the most affordable cost of living?

Fort Wayne. 25th on Kiplinger's ranking of the least expensive cities in America to live in. Fort Wayne's average cost of living is estimated to be 13.7% lower than the national average, with housing prices in particular being 36% less expensive than the national average.

Which Indiana city is paying you to relocate there?

Greensburg, which calls itself "Tree City," which is located in between Indianapolis and Cincinnati, is prepared to pay remote employees to uproot their life and relocate to Decatur County, Indiana.

Which state is more affordable, Texas or Indiana?

Dallas, TX has a cost of living that is 3.0% higher than Indianapolis, IN, where you would need to make $58,219 to keep your quality of life. Employers in Dallas, TX typically pay -2.1% more than those in Indianapolis, IN.

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