College Factual  by our College Data Analytics Team
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Can You Afford Covenant College?

Concerned about paying for college? Take a look at Covenant’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $20,934 and $50,800

Feeling a little stressed about paying $50,800 to attend Covenant College each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Georgia students, 99.2% of freshmen receive some form of financial aid, with the average amount totaling $22,677. Students from low-income families receive an average of $29,866 in aid during their first year.

Cost (no aid)

Tuition and fees$36,710
+ Room and board$10,970
+ Other expenses$3,120
Total cost$50,800
Affordability Score (16 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$50,800
- Grants and scholarships$22,677
Net price$28,123
Affordability Score (29 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$50,800
- Grants and scholarships$29,866
Net price$20,934
Affordability Score (48 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Covenant.

Projected Costs Between $106,628 and $309,129 For a Four Year Degree. Between $49,682 and $150,312 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend Covenant in 2020 - 2021 was $50,800. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.8% each year. If this trend continues, we expect the full cost for incoming freshmen to be $53,674 during their first year. By their senior year, that cost will be approximately $58,293 for a bachelor degree candidate ($55,172 for an associate degree candidate) for a total of $223,850 over the course of four years ($108,846 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Covenant College

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.2%2.8%
Freshman year$23,994$31,100$53,674
Senior year$25,688$32,705$55,172
Total 2-year net price$49,682$63,805$108,846
10-year loan interest @ 6.8%$18,927$24,307$41,466
Total monthly payment$572$734$1,253
Total amount paid$68,610$88,113$150,312
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.2%2.8%
Freshman year$23,994$31,100$53,674
Senior year$29,443$36,167$58,293
Total 4-year net price$106,628$134,365$223,850
10-year loan interest @ 6.8%$40,621$51,188$85,279
Total monthly payment$1,227$1,546$2,576
Total amount paid$147,249$185,553$309,129

Visit net price and financial aid to learn more about the total cost of attending Covenant College.

Further Questions to Consider

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