by our College Data Analytics TeamMany students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Grace College and Theological Seminary can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can Grace College offer you, and what will you qualify for? Keep reading for more information. Keep reading to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Grace College and Theological Seminary.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Grace College and Theological Seminary, 100% of first-year full-time students received aid of some kind (about 411 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $20,866 |
| Institutional grants & scholarships | 100% | $15,290 |
| Federal Pell grants | 37% | $5,626 |
| State/local grants | 35% | $9,587 |
| Federal student loans | 65% | $5,160 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Grace College, around 81% of undergraduates were awarded grant or scholarship aid averaging $19,069 (across approximately 1477 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $19,069 |
| Federal Pell grants | 29% | $5,606 |
| Federal student loans | 50% | $6,278 |
For on-campus title-IV students, average grant aid came to $21,906.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $8,249 |
| $30,001 – $75,000 | $13,759 |
| Over $75,000 | $24,564 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,932 |
| Off-campus title-IV students | $18,406 |
For a customized cost estimate, visit Grace College’s net price calculator: www.grace.edu/admissions/undergraduate-admissions/financial-aid-scholarships/net-price-calculator/.
The median federal debt load at Grace College comes to $16,750 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,750 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The numbers below show the full range, not just the middle of the distribution. The figures below chart the debt distribution at Grace College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,021 |
| 25th percentile | $9,000 |
| 75th percentile | $25,994 |
| 90th percentile (highest-debt students) | $31,900 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,750 |
| Middle income | $16,000 |
| High income | $16,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,750 |
| Continuing-generation students | $16,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,740 |
| Independent students | $17,044 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Grace College.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The totals below capture Stafford lending at Grace College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5416 |
| Total Stafford loan amount | $98,605,912 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 0 |
| Total GI Bill amount | $0 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.