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Ball State University vs Anderson University: which has better ROI?

Public, Muncie IN · vs · Private nonprofit, Anderson IN

The verdict

Ball State University has the better ROI: it clears its 4-year net cost of $59,760 in 17.2 years versus 185.7 years at Anderson University, on median earnings of $51,833 vs $48,899 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureBall State UniversityAnderson University
Net price / yr$14,940$25,021
Total net cost$59,760$100,084
Median earnings, 10 yrs$51,833$48,899
Median debt$23,250$27,000
Payback17.2 yrs185.7 yrs
20-year net return$9,700-$89,304

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Ball State University or Anderson University?

Ball State University, at $14,940 a year after aid versus $25,021 — a gap of $10,081 a year, or $40,324 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Ball State University or Anderson University graduates earn more?

Ball State University graduates report a median $51,833 ten years after entry, $2,934 more than the $48,899 at Anderson University. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Ball State University or Anderson University?

Ball State University: its completers carry a median $23,250 in federal loans versus $27,000 at Anderson University, a difference of $3,750. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

62% of students finish at Ball State University, against 54% at Anderson University. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Ball State University vs Anderson University: frequently asked questions

Is Ball State University or Anderson University a better value?
Ball State University. It clears its $59,760 net cost in about 17.2 years versus 185.7 years at Anderson University, on median earnings of $51,833 vs $48,899 ten years out.
Which is cheaper, Ball State University or Anderson University?
Ball State University: $14,940/yr net price after aid versus $25,021/yr at Anderson University — a difference of $10,081 a year, or about $40,324 over four years.
Do Ball State University or Anderson University graduates earn more?
Ball State University graduates earn a median $51,833 ten years after entry, versus $48,899 at Anderson University — a $2,934 gap. This blends every major, so a specific field can flip it.