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Martin University

Indianapolis, IN·Private nonprofit·164 students
Last updated: March 22, 2026

A good fit for families looking for lower cost and students who want small classes and close faculty access. graduation rate is below 40%; earnings barely cover the debt load. 66% of students receive Pell Grants — strong access mission.

N/A
Accept
164
Students
$13,879
Net Price
33%
Grad Rate
$28,600
Earnings
10 yr
$24,332
Debt

About This School

Martin University is a private nonprofit institution located in Indianapolis, Indiana with approximately 164 undergraduate students enrolled. The average net price after financial aid is $13,879 per year. The graduation rate is 33%, and the typical graduate earns $28,600 within 10 years of enrollment.

Martin University was a private college in Indianapolis, Indiana, United States. It was founded by Boniface Hardin and Jane Edward Schilling in 1977 to serve low-income, minority, and adult learners and it closed at the end of 2025. It was the only predominantly Black institution (PBI) of higher education in Indiana.

The numbers tell a mixed story here — the affordable net price of $13,879/year and 75% freshman retention suggest students who enroll are reasonably engaged, but a 33% graduation rate means most students who start don't finish, which is a serious concern worth understanding before committing. Graduates who do complete a degree earn a median of $28,600 a decade later, which is modest and leaves little cushion given the $24,332 median debt load. Worth considering only if you've had a direct conversation with the school about what's driving those graduation numbers and have a clear plan for staying on track.

Founded
1977
Setting
Large city

Popular Programs

Psychology31%
Education31%
Business & Marketing23%
Health Professions8%

Percentage of degrees awarded. Source: College Scorecard.

Notable Alumni

Julia Carson

Source: Wikidata. Used for context only.

Admissions

SAT Scores

Average CompositeN/A

ACT Scores

Midpoint CompositeN/A

Cost & Financial Aid

In-State Tuition
$12,830
Out-of-State Tuition
$12,830
Avg Net Price
$13,879
after aid

Financial Aid

Students receiving Pell Grants66%
Median debt at graduation$24,332

Full Cost

After Graduation

Graduation Rate
33%
within 6 years
Retention Rate
75%
freshmen returning
Earnings (10 yr)
$28,600
after enrollment
Median Debt
$24,332
at graduation

Will This School Pay Off?

Median Debt
$24,332
at graduation
Earnings (6 yr)
$21,300
after enrollment
Earnings (10 yr)
$28,600
after enrollment
Earnings-to-Debt Ratio: 1.2x

Worth scrutinizing. Median earnings relative to debt are tight.

Earnings data from the U.S. Department of Education College Scorecard. These are means across all graduates, not specific to any major.

Student Body

White1%
Black83%
Hispanic/Latino3%
Asian1%

Source: U.S. Department of Education College Scorecard (164 undergraduates).

Contact & Location

Address

Martin University

2186 North Sherman Drive

Indianapolis, IN 46218-0567

View on Google Maps →

Other Schools in Indiana

Browse all Indiana schools →

Sources & Methodology

Data

Primary data source: U.S. Department of Education College Scorecard. Accessed via automated sync. Latest values may come from different reporting years depending on the metric.

Contextual Enrichment

School overview from Wikipedia. Used for context only, not as a primary data source for admissions, cost, or outcomes claims.

Important Caveats
  • Earnings figures are institution-level averages, not major-specific.
  • Some metrics are based on Title IV financial aid recipients only.
  • Some values may be privacy-suppressed or rolled up by the Department of Education.
  • Contact the school directly for current admissions requirements and costs.
Trademarks

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