2026 Best Value Theological & Ministerial Studies Schools in Indiana
[Theological & Ministerial Studies](/majors/theology-and-religious-vocations/theological-ministerial-studies/) degree programs vary widely in price and payoff across the country. A high-value program keeps cost low while graduates go on to earn well.
College Factual analyzed 23 schools to build this 2026 ranking of the best value theological & ministerial studies schools.
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2026 Best Value Theological & Ministerial Studies Schools in Indiana
Below are the schools that deliver the strongest value in theological & ministerial studies, balancing cost against outcomes.
Best Value Theological & Ministerial Studies Schools
Our analysis ranked Grace College And Theological Seminary the best value for a degree in theological & ministerial studies in Indiana. Set in the town of Winona Lake, Grace College And Theological Seminary is a mid-sized private not-for-profit institution. Students from in state pay about $29,645 in tuition and fees. Typical student debt for theological & ministerial studies graduates is $21,211. Early-career theological & ministerial studies graduates make about $42,188. Set against $21,211 in median debt, that is a healthy payoff. The acceptance rate is 82%.
The strong cost-to-outcome balance at Anderson University Indiana earned it the #2 place for theological & ministerial studies. Anderson University Indiana is a small private not-for-profit school located in the city of Anderson. The average in-state cost of tuition and fees is $37,240. Theological & Ministerial Studies graduates carry a median of $27,401 in student loans. Theological & Ministerial Studies graduates of Anderson University Indiana earn a median of $41,376 early in their careers. That is a strong return on a $27,401 median debt. Anderson University Indiana admits about 79% of applicants.
Students looking for strong value in theological & ministerial studies will find it at Earlham College, which ranked #3. Set in the town of Richmond, Earlham College is a small private not-for-profit institution. Expect in-state tuition and fees of around $53,930. Theological & Ministerial Studies graduates carry a median of $25,125 in student loans. Theological & Ministerial Studies graduates of Earlham College earn a median of $43,038 early in their careers. Set against $25,125 in median debt, that is a healthy payoff. Roughly 73% of applicants are accepted.
University Of Notre Dame is a great value for students pursuing a degree in theological & ministerial studies, landing the #4 spot this year. Located in the suburb of Notre Dame, University Of Notre Dame is a large private not-for-profit university. The average in-state cost of tuition and fees is $65,025. Typical student debt for theological & ministerial studies graduates is $19,000. Theological & Ministerial Studies graduates of University Of Notre Dame earn a median of $44,657 early in their careers. That is a strong return on a $19,000 median debt. University Of Notre Dame admits about 11% of applicants.
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Notes and References
The ranking above is published by College Factual (MF_RANKING_2025), 2026 edition. Schools are scored on the balance of cost (tuition and student debt) against student outcomes (post-graduation earnings) — a measure of return on investment, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).
Ranking method: College Major Best Value · 23 schools evaluated.
*Averages shown above reflect the top 5 ranked schools only.
- The Integrated Postsecondary Education Data System (IPEDS) from the National Center for Education Statistics (NCES), a branch of the U.S. Department of Education (DOE), serves as the core of our data about colleges.
- Some other college data, including much of the graduate earnings data, comes from the U.S. Department of Education’s (College Scorecard).
More about our data sources and methodologies.
