PayScale's 2016-2017 College Salary Report listed Rose-Hulman Institute of Technology (RHIT) as the school with the highest paid graduates in Indiana. The institution is an engineering school which is also a high-paying job in the U.S.

University of Notre Dame, DePauw University, Purdue University - Main Campus and, University of Evansville completed the top 5 schools with the highest-paid graduates, according to PayScale.

However, the Indiana Commission for Higher Education also came up with a new tool named Indiana College Value Index, as featured by Chalkbeat. Cost, atmosphere, and support information can also be found in the sheet.

The new index includes information from the commission's existing reports about how much colleges cost, how long it takes a typical student who enrolls to graduate and how much remediation they might need later on.

14 public colleges and universities took part in the alumni survey that is the basis of the tool's reports. Internships, important extracurricular activities, common college debt, and job satisfaction plus income post-graduation are detailed in the tool.

The feedback statements from alumni are the unique sources of information. Students and their families can see information on how to go about their college plans.

The index is not yet perfect as it is still in its early stages, says Commissioner Teresa Lubbers. Although, it is a good central point for Indiana educators and policymakers for discussions to make sure students will soon be ready to contribute to the school's workforce.

More colleges are still to be added into the index and the data presentation can still be improved. Feedbacks from people who are currently using the system are also vital leads for this year's term.

The Indiana Youth Institute, local school districts and the principals and superintendents associations are figuring it out what other information can be added to make the tool invaluable.