10 Cheapest Online Master's Degrees in Indiana 2025

Working students looking for ways to further their education without compromising their busy schedules can turn to online master's degrees. Flexible programs provide around-the-clock access to coursework and let learners study from home or on the go.

In Indiana, professionals interested in earning a graduate degree can find numerous schools offering affordable online master's programs. Are you ready to take the next step? Keep reading to discover some of the state's cheapest online master's degree programs.

10 Most Affordable Online Master's Programs in Indiana

Do you want to pursue an online master's degree but have budget limitations? Review the schools below to find cheap online master's degrees in Indiana.

1. Indiana University South Bend

Students looking for a vast selection of online master's degrees in Indiana can find reputable programs at Indiana University South Bend. The institution offers over three dozen programs exploring business, education, criminal justice, nursing, counseling, and beyond.

Specific degree options include a Master of Business Administration (MBA) in management and administration studies, a Master of Science in Nursing (MSN) with a family nurse practitioner (FNP) track, and a Master of Social Work (MSW). To help learners excel in their graduate programs, IU South Bend provides free tutoring and academic advising.

• Average cost per credit hour: Starting at $332.44 (in-state)
• Financial aid: Graduate students can save on school costs with scholarships, grants, loans, assistantships, and work-study jobs.
• Accreditation: Higher Learning Commission (HLC)

2. Indiana University East

At Indiana University East, students looking to further their careers with online master's degrees can find language arts, business, and education programs. Degrees include a Master of Science (MS) in management, a Master of Arts (MA) in English, and several Master of Arts for Teachers (MAT) programs.

Enrollees enjoy flexible online coursework, academic and research support, and a generous transfer credit policy. Career services help learners take their professional lives to the next level.

• Average cost per credit hour: $342.42 (in-state)
• Financial aid: Submitting the Free Application for Federal Student Aid (FAFSA) helps students qualify for loans and other funds. Scholarships are also available to reduce costs.
• Accreditation: HLC

3. Indiana University

Learners at Indiana University Online can choose from over 50 master's degrees in education, healthcare, science, business, and beyond. The MSEd in educational leadership, MAT in biology, MS in criminal justice and public safety, MS in health informatics, and Master of Library and Information Science (MLIS) are a few to consider.

IU enhances students' learning experiences with success coaching, academic advising, tutoring, and peer mentorship. Career services like resume help and interviewing assistance prepare enrollees for life after graduating.

• Average cost per credit hour: Starting at $350 (in-state)
• Financial aid: Scholarships, student loans, military benefits, and employer tuition assistance are a few savings options at IU.
• Accreditation: HLC

4. Bethel University

Bethel University is home to several high-paying master's degrees for students interested in nursing, ministry, education, and business. Whether learners want to earn an MBA, MSN, MA in theological studies, or Master of Education (MEd) in school leadership, online programs are available.

The university also offers online education certification/licensure programs for enrollees pursuing careers in English as a Second Language, special education, and school administration. Tutoring, writing center access, and academic coaching help enhance learners' educational experiences.

• Average cost per credit hour: Starting at $380
• Financial aid: Bethel offers FAFSA funding, military benefits, and other financial aid to make learning more affordable.
• Accreditation: HLC

5. Grace College

Grace College in Winona Lake is a private evangelical Christian college offering undergraduate and graduate degree programs in traditional and religious-based areas of study. The institution provides opportunities to learn on campus or online.

Students interested in earning a master's degree can find 100% online programs in business administration, higher education, athletic administration, and nonprofit management. A fully online MA in ministry studies is also available.

• Average cost per credit hour: Starting at $383
• Financial aid: Scholarships, loans, and other financial aid reduce costs for eligible online learners.
• Accreditation: HLC

6. University of Southern Indiana

The University of Southern Indiana helps working students advance their careers with flexible 100% online programs and accelerated pathways via short course terms (as little as seven weeks). Over 30 online programs are available, including nearly a dozen for students interested in master's degrees.

Master of Public Administration (MPA), MA in criminal justice, MBA, MSN, and MSW programs are a few of USI's online options. Other areas of study include sport management, English, health administration, and communication.

• Average cost per credit hour: Starting at $432
• Financial aid: Scholarships, loans, work-study jobs, and assistantships can help learners save on tuition and fees.
• Accreditation: HLC

7. Indiana State University

Indiana State University provides online learning opportunities for students ready to further their education in business, technology, healthcare, and beyond. Traditional online master's include the MS in biology without a thesis, MS in computer science, MA in history, and the Master of Public Health (MPH).

ISU also offers MS in criminology and criminal justice and MS in occupational safety management accelerated programs. These 4+1 options enable students to study bachelor's degree coursework in a related field and spend one year in the master's program to earn both degrees.

• Average cost per credit hour: $462 (in-state)
• Financial aid: Financial assistance at ISU includes federal and state aid, scholarships, loans, and military benefits.
• Accreditation: HLC

8. Ball State University

Ball State University in Muncie offers Ball State Online for students interested in doctoral, bachelor's, and associate degrees or undergraduate and graduate certificates. Online master's degrees are also available. Areas of study include accounting, computer science, data science, elementary education, and nursing.

Ball State University supports enrollees academically from enrollment to graduation. Online services include course planning, tutoring, writing center access, and career guidance.

• Average cost per credit hour: $464
• Financial aid: Learners can reduce school costs with scholarships, work-study jobs, loans, tuition reimbursement, and more.
• Accreditation: HLC

9. Indiana Wesleyan University

Students at Indiana Wesleyan University can choose from nearly 80 online master's programs in areas of study like financial accounting, divinity, early childhood education, and information technology leadership.

Professionals interested in an online MBA program can pursue an IT management, business administration, project management, or healthcare administration track. IWU also offers online nurse educator, health systems leadership, FNP, and psychiatric mental health nurse practitioner programs.

• Average cost per credit hour: Starting at $499
• Financial aid: Scholarships, loans, and other financial aid make learning at IWU more affordable.
• Accreditation: HLC

10. Indiana Tech

Indiana Tech provides career-focused degree programs and certificates for working adults. Flexible online courses and a generous transfer credit policy help learners quickly transition from the virtual classroom to the next stage of their careers.

Students who want to pursue online master's degrees at Indiana Tech can choose from programs in business administration, cybersecurity, healthcare management, psychology, and more. Academic advising, writing center access, library services, and career guidance support students during their programs and after graduating.

• Average cost per credit hour: Starting at $545
• Financial aid: Scholarships and other financial aid make tuition and fees more affordable at Indiana Tech.
• Accreditation: HLC

How We Rank Schools

Our team thoroughly vetted the colleges and universities in this rank list to ensure they met the following criteria for delivering a high-quality education:

• Accreditation: All schools have received accreditation from the HLC, a nationally recognized organization.
• Affordability: These institutions make learning more affordable through lower tuition, scholarships, assistantships, and other financial aid.
• Program reputation: We confirmed that the schools in this list provide quality academic programs for on-campus and online students.

FAQs About Cheap Online Master's Programs in Indiana

Are you ready to pursue an affordable online master's program in Indiana? Before taking the next step, review the FAQs below to learn more about these degrees.

How Much Does an Online Master's Degree Cost in Indiana?

The amount you'll pay to earn an online master's degree in Indiana will vary based on factors like residency (in-state vs. out-of-state), program of study (e.g., data science vs. public administration), degree type (e.g., MBA vs. MSN), and enrollment status (full-time vs. part-time).

If you're looking for low-cost programs, several are available in Indiana. For example, you can pay as little as $332.44 per credit for a master's degree at Indiana University South Bend.

Is There Financial Aid for Online Master's Programs in Indiana?

Yes, financial aid is available for students pursuing master's degrees online in Indiana. Many schools offer federal financial aid, including work-study jobs and student loans. Some help enrollees save with institutional or private scholarships. Graduate students can reduce costs with assistantships and fellowships, which provide partial or full tuition in exchange for research, work, or graduate study.

Are Online Master's Degrees Cheaper Than In-Person Programs?

You can find online master's degree programs that cost less than traditional campus-based programs; however, some schools charge more by adding an online learning fee. Other institutions offer in-person and online students the same tuition rates. To determine how learning online impacts school costs, contact your institution's financial aid office.

How Long Does an Online Master's Program Take?

Many online master's programs require the same two- or three-year commitment as traditional on-campus programs. However, there are ways to complete your studies in as little as one year. Consider enrolling in accelerated programs with shorter terms, flexible coursework, or self-paced learning. Also, look for online colleges with multiple program start dates or institutions with generous transfer credit policies.

Find an Online Master's Degree

Begin a fulfilling journey in higher education by exploring the accredited degree programs on Learn.org. Contact schools directly to discover how they can help you achieve your academic goals.