by our College Data Analytics TeamThis overview lays out the cost of attending Covenant College, from sticker cost of attendance and projected degree cost to net price, debt at graduation, and aid breakdowns.
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The full cost of attending Covenant College is about $53,368.00 for a single academic year.
Cost is shown below as the full sticker price, the average net price after aid, and the low-income net price.
| Tuition and fees | $42,040.00 |
| + Room, board & other expenses | $11,328.00 |
| Total cost | $53,368.00 |
| That is 63% above the national average net price. |
| Total cost | $53,368.00 |
| − Grants and scholarships | −$31,202.00 |
| Net price | $22,166.00 |
| That is 32% below the national average net price. |
| Total cost | $53,368.00 |
| − Grants and scholarships | −$39,157.00 |
| Net price | $14,211.00 |
| That is 57% below the national average net price. | |
| Go deeper on the components with the tuition & fees page and room and board. |
Costs have trended upward in recent years by roughly 3.6% per year, so the four-year total runs well above today’s cost. These tables carry the cost across a degree for three cases: low-income w/ aid, average aid, and no aid. Loan math assumes ten-year repayment at 6.8% interest.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.6% | 3.6% | 3.6% |
| Freshman year | $14,728.00 | $22,972.00 | $55,309.00 |
| Senior year | $16,393.00 | $25,570.00 | $61,564.00 |
| Total 4-year net price | $62,203.00 | $97,022.00 | $233,596.00 |
| 10-year loan interest @ 6.8% | $23,697.00 | $36,962.00 | $88,992.00 |
| Total monthly payment | $716.00 | $1,117.00 | $2,688.00 |
| Total amount paid | $85,900.00 | $133,984.00 | $322,587.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 3.6% | 3.6% | 3.6% |
| Freshman year | $14,728.00 | $22,972.00 | $55,309.00 |
| Senior year | $15,263.00 | $23,807.00 | $57,320.00 |
| Total 2-year net price | $29,991.00 | $46,779.00 | $112,628.00 |
| 10-year loan interest @ 6.8% | $11,425.00 | $17,821.00 | $42,907.00 |
| Total monthly payment | $345.00 | $538.00 | $1,296.00 |
| Total amount paid | $41,416.00 | $64,600.00 | $155,535.00 |
For the complete net-price picture, see the net price section below.
Net price reflects the true cost to attend after grant and scholarship aid is deducted. For most families it is a more realistic figure than the published cost.
| Average net price (on-campus) | $26,265.00 |
| Average net price (off-campus) | $24,832.00 |
The real cost varies by income because need-based aid scales with financial need. Below, average net price is broken out by family income:
| Family income | Average net price |
|---|---|
| Under $30,000 | $18,897.00 |
| $30,000 to $48,000 | $18,479.00 |
| $48,001 to $75,000 | $22,783.00 |
| $75,001 to $110,000 | $23,277.00 |
| Over $110,000 | $29,241.00 |
Use Covenant College Net Price Calculator, or contact the financial aid office.
Dig into how aid is awarded on the financial aid page.
Typical debt at graduation from Covenant College is $19,000.00, which federal data classifies as a Low ($10-20k) burden category.
Here’s how debt at graduation distributes across borrowers:
| Percentile | Debt at graduation |
|---|---|
| 10th | $5,075.00 |
| 25th | $9,500.00 |
| Median (50th) | $19,000.00 |
| 75th | $27,000.00 |
| 90th | $34,262.00 |
How far apart the 10th and 90th percentiles sit tells you how uneven debt outcomes are.
For the full borrowing and repayment picture, see the student-loan-debt breakdown.
Debt at graduation is far from uniform across income levels. Below the data splits borrowers across three income groups:
| Family income | Median debt at graduation |
|---|---|
| Low income | $13,750.00 |
| Middle income | $18,840.00 |
| High income | $19,500.00 |
Debt at graduation often differs for first-generation students.
| Student group | Median debt at graduation |
|---|---|
| First-generation students | $15,369.00 |
| Continuing-generation students | $19,500.00 |
Pell Grants are the federal government’s primary need-based undergraduate aid program. Looking at Pell recipients versus non-recipients tells us how debt is distributed across need.
The Pell vs non-Pell debt gap at Covenant College works out to $-1,000.00.
The federal default-rate classification for Covenant College is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 2.7% |
To put the rates in context, Stafford loans at Covenant College amount to $42,202,133.00 covering 3,115 student borrowers.
Veterans and active-duty servicemembers can tap dedicated federal aid programs including the Post-9/11 GI Bill and Department of Defense Tuition Assistance.
| GI Bill recipients | 21 |
| Avg GI Bill amount | $23,361.00 |
Dig into veteran education benefits on the veterans benefits detail.
Numbers only tell part of the story. As you weigh Covenant College, think through the questions below:
For a closer look at any of these topics, follow the links below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.