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College Factual  by our College Data Analytics Team
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2026 Best Value Music Schools in Indiana

8 Colleges in the United States
$23,954 Avg Student Debt
$60,734 Avg Median Earnings (10yr)
2026 Best Value Music Badge [Music](/majors/visual-and-performing-arts/music/) programs reward a close look at where your money goes furthest. The schools below stand out for delivering a strong music education at a price that pays off.

For its 2026 best-value ranking, College Factual looked at 32 schools to find the best return on investment for music students.

What’s on this page:

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2026 Best Value Music Schools in Indiana

Below are the schools that deliver the strongest value in music, balancing cost against outcomes.

Best Value Music Schools

1

For return on investment in music, no school beat Indiana University Purdue University Indianapolis this year. Set in the city of Indianapolis, Indiana University Purdue University Indianapolis is a very large public institution. Students from in state pay about $10,762 in tuition and fees, while out-of-state students pay about $34,891. Students borrow a median of $23,146 to complete the music program here. Music graduates of Indiana University Purdue University Indianapolis earn a median of $56,930 early in their careers. Weighed against typical debt, the earnings make a compelling case for value. Indiana University Purdue University Indianapolis admits about 76% of applicants.

2

Students looking for strong value in music will find it at Indiana University Purdue University Fort Wayne, which ranked #2. Set in the city of Fort Wayne, Indiana University Purdue University Fort Wayne is a large public institution. Students from in state pay about $9,532 in tuition and fees, while out-of-state students pay about $22,887. Students borrow a median of $24,119 to complete the music program here. Early-career music graduates make about $49,424. Weighed against typical debt, the earnings make a compelling case for value. The acceptance rate is 84%.

3

Indiana University Bloomington came in at #3 on our 2026 list of the best value music schools. Located in the city of Bloomington, Indiana University Bloomington is a very large public university. The average in-state cost of tuition and fees is $12,144, compared with $41,891 for out-of-state students. Typical student debt for music graduates is $20,769. Early-career music graduates make about $28,328. Weighed against typical debt, the earnings make a compelling case for value. Indiana University Bloomington admits about 78% of applicants.

4

Ball State University came in at #4 on our 2026 list of the best value music schools. Set in the city of Muncie, Ball State University is a very large public institution. Expect in-state tuition and fees of around $11,082, while out-of-state students pay about $29,630. Students borrow a median of $24,518 to complete the music program here. Soon after graduation, music degree recipients from Ball State University generally make around $47,863. Set against $24,518 in median debt, that is a healthy payoff. Ball State University admits about 86% of applicants.

5
Depauw University crest
Depauw University
Greencastle, IN

Depauw University is a great value for students pursuing a degree in music, landing the #5 spot this year. Set in the town of Greencastle, Depauw University is a small private not-for-profit institution. Students from in state pay about $59,070 in tuition and fees. Students borrow a median of $27,000 to complete the music program here. Music graduates of Depauw University earn a median of $46,127 early in their careers. Set against $27,000 in median debt, that is a healthy payoff. The acceptance rate is 57%.

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6
Butler University crest
Butler University
Indianapolis, IN

Butler University landed the #6 spot for music value this year. Butler University is a moderately-sized private not-for-profit school located in the city of Indianapolis. The average in-state cost of tuition and fees is $47,560. Music graduates carry a median of $24,170 in student loans. Soon after graduation, music degree recipients from Butler University generally make around $68,222. Set against $24,170 in median debt, that is a healthy payoff. Butler University admits about 85% of applicants.

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Notes and References

This list is compiled by College Factual (MF_RANKING_2025), 2026 edition. The methodology weighs the cost of a degree against the earnings graduates go on to achieve, drawn primarily from the U.S. Department of Education (IPEDS and College Scorecard).

Ranking method: College Major Best Value · 32 schools evaluated.

*Averages shown above reflect the top 8 ranked schools only.

More about our data sources and methodologies.

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