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Ball State University vs Goshen College: which has better ROI?

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

The verdict

Goshen College has the better ROI: it clears its 4-year net cost of $57,972 in 16.2 years versus 17.2 years at Ball State University, on median earnings of $51,943 vs $51,833 ten years out. (Scorecard, 2026 · our math.)

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Head to head
MeasureBall State UniversityGoshen College
Net price / yr$14,940$14,493
Total net cost$59,760$57,972
Median earnings, 10 yrs$51,833$51,943
Median debt$23,250$22,974
Payback17.2 yrs16.2 yrs
20-year net return$9,700$13,688

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

Which is cheaper, Ball State University or Goshen College?

Goshen College, at $14,493 a year after aid versus $14,940 — a gap of $447 a year, or $1,788 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 Goshen College graduates earn more?

Goshen College graduates report a median $51,943 ten years after entry, $110 more than the $51,833 at Ball State 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 Goshen College?

Goshen College: its completers carry a median $22,974 in federal loans versus $23,250 at Ball State University, a difference of $276. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

65% of students finish at Goshen College, against 62% at Ball State 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 Goshen College: frequently asked questions

Is Ball State University or Goshen College a better value?
Goshen College. It clears its $57,972 net cost in about 16.2 years versus 17.2 years at Ball State University, on median earnings of $51,943 vs $51,833 ten years out.
Which is cheaper, Ball State University or Goshen College?
Goshen College: $14,493/yr net price after aid versus $14,940/yr at Ball State University — a difference of $447 a year, or about $1,788 over four years.
Do Ball State University or Goshen College graduates earn more?
Goshen College graduates earn a median $51,943 ten years after entry, versus $51,833 at Ball State University — a $110 gap. This blends every major, so a specific field can flip it.