Summary:
ZIP code 46928 (Fairmount, Indiana) is home to three high schools, all part of the Madison-Grant United School Corp: Madison-Grant Junior/Senior High School (grades 7–12, 453 students), Virtual Preparatory Academy of Indiana at Madison-Grant 9-12 (grades 9–12, 489 students), and Beacon Online Academy of Indiana at Madison-Grant (grades 9–12, 83 students), for a combined listed enrollment of 1,025.
Madison-Grant Junior/Senior High is the strongest local performer. It ranks 263 of 415, 37th percentile, 2 stars — the best of the three — with a 98.8% graduation rate, above the district's 75.0% and the state's 89.7%, and chronic absenteeism of 8.1%, better than the district's 18.4% and the state's 16.7%. It also posts the highest test scores among the three in nearly every available comparison, including SAT Evidence-based Reading and Writing, SAT Math, Biology, and ILEARN ELA/Math. Even so, it remains below state benchmarks in SAT EBRW (39.66% vs 51.9%) and SAT Math (13.79% vs 25.6%). Its rank history shows a sharp decline and partial recovery: 75th percentile in 2023–2024, 30th in 2024–2025, and 37th in 2025–2026.
The two online academies show much weaker outcomes. Virtual Preparatory is the largest school in the ZIP but ranks 366 of 415, 12th percentile, 1 star, with a 64.7% graduation rate and chronic absenteeism of 45.3% — about 2.7 times the state rate. Beacon is the smallest and lowest-ranked, 374 of 415, 10th percentile, 1 star, with the group's lowest graduation rate (57.1%) and SAT Math proficiency of 0%; with only 83 students, its percentages can be volatile, and its chronic absenteeism and spending figures are not reported, so they are unknown rather than zero. Math proficiency is a weakness at all three schools, with even the top local school well below the state's 25.6% SAT Math rate.
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