Is Covenant College worth it?

Lookout Mountain, GA · private-nonprofit

Verdict

Typical students pay $26,265 a year after aid, graduate with $22,500 in federal debt, and earn $39,570 six years after enrolling — an estimated monthly loan payment of $241, with a debt break-even of about 5.7 years.

Net price / year

$26,265

Admission rate

87%

Graduation rate

—

Median debt

$22,500

Earnings (6 yr)

$39,570

Earnings (10 yr)

$50,412

Est. monthly loan payment

$241

Loan-to-income ratio

57%

Debt break-even

5.7 years

How Covenant College compares

MetricCovenant CollegeGeorgiaNational
Net price$26,265$17,509$16,642
Median debt$22,500$14,905$12,377
Earnings (6 yr)$39,570$32,528$33,037
Graduation rate———

FAQ

How much does it cost to attend Covenant College?

The federal average net price after grants and scholarships is $26,265 a year. That figure reflects what a typical student actually pays after grants and scholarships, not the sticker price.

How much debt do Covenant College graduates typically carry?

Students who complete a program at Covenant College leave with a median federal debt of $22,500, based on the U.S. Department of Education's College Scorecard.

What do Covenant College graduates earn?

Six years after enrolling, former students report median earnings of $39,570, drawn from federal tax records aggregated by the College Scorecard.

What is the graduation rate at Covenant College?

Graduation rate data is not currently published for this school.

Is Covenant College worth the debt?

Based on median debt and 6-year earnings, it would take roughly 5.7 years of 10% income allocation to pay off the typical debt load — compare that against your own expected major and career path before deciding.

Source: U.S. Department of Education College Scorecard.