Cost varies significantly by family income. Use the breakdown below to estimate your net price.
Cost Calculator
What You'll Pay at Covenant College
Select your family income to see your estimated cost
The Cost Formula
Tuition
$42K
+
Room
$13K
+
Books
$1,170
=
Sticker Price
$57,467
$42K+$13K+$1,170=$57,467
Your Family Income
Sticker
$57,467
−
Your Aid
$32,861
=
Net Price
$24,606
All Income Levels
Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
Covenant College Cost of Attendance and Financial Aid Summary
Cost Category
Amount
Total Cost of Attendance (Sticker Price)
$57,467
Tuition and Fees
$42,040
Room and Board
$12,754
Books and Supplies
$1,170
Average Financial Aid (Grants and Scholarships)
-$31,202
Average Net Price (What Families Pay)
$26,265
Covenant College Net Price by Family Income Level
Family Income
Net Price
$0–30k
$18,310
$30–48k
$15,929
$48–75k
$24,606
$75–110k
$24,836
$110k+
$30,172
Understanding Your Aid Package
Covenant College has a sticker price of $57,467 per year, but most students pay significantly less after financial aid. The actual cost depends heavily on your family's income level.
Key Facts
Sticker price: $57,467/year
Average aid: $31,202 in grants & scholarships
$48–75K families pay: ~$24,606/year
Low-income families: Pay ~$18,310/year
19% of students receive Pell Grants
Financial Aid Profile
💰
19%
Pell Grant Recipients
Lower-income students receiving federal aid
Get personalized cost estimates and assess whether borrowing makes sense.
How much students borrow and whether debt is manageable given outcomes.
Typical Debt
Median Student Debt$22,500
Range (25th–75th)$9,500 – $27,000
Median Parent PLUS Loans$29,500
Debt Manageability
0.46x
Debt-to-Earnings Ratio
Debt is well below typical first-year earnings — generally considered very manageable.
3-Year Default Rate0.0%
Return on Investment
How cost compares to graduate earnings and value added.
Median Earnings (10yr)
$50,412
Earnings Growth
+27%
6 → 10 years post-graduation
Earnings Range (10yr post-graduation)
$33,938
25th %ile
$73,784
75th %ile
Frequently Asked Questions about Covenant College Cost & Financial Aid
Covenant College's published tuition is $57,467 per year. However, after financial aid, the average student pays $24,606—a difference of $32,861.
Families earning under $30,000 pay an average net price of $18,310 at Covenant College. 19% of students receive Pell Grants.
Covenant College offers merit-based scholarships for academic achievement, in addition to need-based financial aid. Contact the financial aid office for specific scholarship opportunities.
The median debt for Covenant College graduates is $22,500, resulting in estimated monthly payments of $238 over 10 years.
Even families earning over $110,000 pay an average net price of $30,172 at Covenant College—still $27,295 less than the sticker price. Most families qualify for some form of aid.
