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Indiana University-South Bend vs Grace College and Theological Seminary: which has better ROI?

Public, South Bend IN · vs · Private nonprofit, Winona Lake IN

The verdict

Neither clears its cost on institution-wide earnings, but Indiana University-South Bend comes closer — median earnings $44,947 against a $34,612 total, vs $45,411 at Grace College and Theological Seminary. (Scorecard, 2026 · our math.)

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Head to head
MeasureIndiana University-South BendGrace College and Theological Seminary
Net price / yr$8,653$19,932
Total net cost$34,612$79,728
Median earnings, 10 yrs$44,947$45,411
Median debt$21,355$19,500
Payback
20-year net return-$102,872-$138,708

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

Which is cheaper, Indiana University-South Bend or Grace College and Theological Seminary?

Indiana University-South Bend, at $8,653 a year after aid versus $19,932 — a gap of $11,279 a year, or $45,116 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Indiana University-South Bend or Grace College and Theological Seminary graduates earn more?

Grace College and Theological Seminary graduates report a median $45,411 ten years after entry, $464 more than the $44,947 at Indiana University-South Bend. 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, Indiana University-South Bend or Grace College and Theological Seminary?

Grace College and Theological Seminary: its completers carry a median $19,500 in federal loans versus $21,355 at Indiana University-South Bend, a difference of $1,855. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

69% of students finish at Grace College and Theological Seminary, against 40% at Indiana University-South Bend. 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.

Indiana University-South Bend vs Grace College and Theological Seminary: frequently asked questions

Is Indiana University-South Bend or Grace College and Theological Seminary a better value?
Indiana University-South Bend comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, Indiana University-South Bend or Grace College and Theological Seminary?
Indiana University-South Bend: $8,653/yr net price after aid versus $19,932/yr at Grace College and Theological Seminary — a difference of $11,279 a year, or about $45,116 over four years.
Do Indiana University-South Bend or Grace College and Theological Seminary graduates earn more?
Grace College and Theological Seminary graduates earn a median $45,411 ten years after entry, versus $44,947 at Indiana University-South Bend — a $464 gap. This blends every major, so a specific field can flip it.