Top 15 Cheapest Colleges in Indianapolis

Top Cheapest Colleges in Indianapolis

Indianapolis, the state capital of Indiana is a wonderful place to study and bag a degree program. There are both small liberal arts colleges and medium colleges in large numbers in Indiana.

It’s important you confirm the accreditation status of the Cheapest Colleges in Indianapolis before applying. You can also apply for online study in Indianapolis, which is also quite affordable.

Whether you want to pursue undergraduate or graduate degree study, There’s always a university in Indianapolis to make your dream come to reality. The majority of Indiana’s educational institutions are well regarded on the national level and provide engaging courses in all academic fields.

Selecting a Cheap College in Indianapolis

When selecting a University based on its affordability, it is imperative that you understand what affordability markers are. A college being affordable isn’t based on 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 – Cheapest Colleges in Indianapolis

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 – Cheapest Colleges in Indianapolis

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 understand the application process and ask about any merit-based aid the university provides. However, you may need to write essays and submit some documents to be a beneficiary.

3. Visit a place with a low cost of living – Cheapest Colleges in Indianapolis

Location is one of the key markers that determine the cost of education. 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.

Also Read: The Ultimate List of Scholarships in the USA

How to Submit an Indianapolis Financial Aid Application  11 Most Affordable U.S. Colleges for International Students

To apply for financial aid in Indianapolis, you must fill out your Free Application for Federal Student Aid (FAFSA) form. Numerous FAFSA applicants have had to make financial adjustments as a result of the COVID-19 emergency and other financially detrimental situations. Follow these guidelines, to apply for federal assistance.

  1. Use the IRS Data Retrieval Tool to complete your FAFSA questions as instructed.
  2. Fill out all other appropriate scholarship applications for which you are qualified.
  3. Meet with the financial aid office of the institution you want to attend to talk about any adjustments 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.

Also Read: Top 30 Criminology Government Jobs available in 2023

Cheapest Colleges in Indianapolis


Listed below are the Cheapest colleges in Indianapolis. The evaluation was carried out based on their tuition costs, accreditation status, graduation rate, and student-to-faculty ratios.

Indiana East University

This Cheapest colleges in Indianapolis is a public institution that is a branch campus of Indiana University. And has been recognized by the Higher Learning Commission (HLC).

The school’s online studies offer students the option to select from more than 60 academic programs and take part in 11 sports teams, more than 30 organizations, and clubs.

Also, This cheapest college in Indianapolis currently has over 4,000 students enrolled both on its physical campus and online.

Indiana Southeast University – Cheapest Colleges in Indianapolis

Accredited by the Higher Learning Commission, this cheapest college in Indianapolis is located in New Albany, Indiana. The school has over 6,000 students enrolled in its undergraduate programs.

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.

Also Read: Cheapest Universities in Saudi Arabia for international students 2023

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

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 – Cheapest Colleges in Indianapolis

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 – Cheapest Colleges in Indianapolis

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

Ball State University also has accreditation by the HLC. This online Indianapolis college offers cheap undergraduate degrees in over 175 areas of study.

Indiana University provides these degrees through seven academic colleges including the humanities, fine arts, education, and applied sciences.

Additionally, Ball State University has gained national recognition for its education, telecommunications, and architecture programs.

Furthermore, this online Indianapolis college offers students the opportunity to earn a Bachelor’s in three years through its “Degree in 3” program.

Ball State University has a Student-to-Faculty Ratio of 17:1 and a graduation rate of 62 percent.

Also, this cheap Indiana online university charges In-State Tuition of $9,896 and Out-of-State Tuition of $26,468.

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 – Cheapest Colleges in Indianapolis

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.

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 – Cheapest Colleges in Indianapolis

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.

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 in 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 – Cheapest Colleges in Indianapolis

Associated with the United Methodist Church, This cheapest college in Indianapolis has over 7000 students enrolled in both its undergraduate and graduate degree programs.

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.


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