Covenant College's published cost of attendance is $57,467. Net price by income band reveals how financial aid reshapes that sticker figure: low-income families pay approximately $18,310, middle-income families pay around $24,606, and higher-income families pay approximately $30,172.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| 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 |
| Family Income | Net Price |
|---|---|
| $0–30k | $18,310 |
| $30–48k | $15,929 |
| $48–75k | $24,606 |
| $75–110k | $24,836 |
| $110k+ | $30,172 |
Covenant College's published cost of attendance is $57,467. Net price by income band reveals how financial aid reshapes that sticker figure: low-income families pay approximately $18,310, middle-income families pay around $24,606, and higher-income families pay approximately $30,172. Azimuth ranks Covenant College #1000 for post-graduation affordability among nonprofit four-year institutions. Net prices by income band are medians within those bands; individual aid packages vary, so some families in each band pay more and some less than the figures shown. Covenant College's aid structure combines need-based and merit components to shape net price. The college participates in federal (Pell Grants, Direct Loans), state, and institutional aid programs. Families apply using the FAFSA and, where required, the CSS Profile. The difference between published cost and net price reflects the institution's commitment to financial aid, though the spread across income bands shows how aid intensity varies by family circumstances. Median federal student loan debt at graduation is $22,500, and families using Parent PLUS borrow a median of $29,500; private or institutional loans may add further borrowing that falls outside these federal-only figures — see the Parent PLUS risk framework for how household context shapes PLUS decisions. For a graduate at the institution's median four-year earnings of $48,802, median federal debt of $22,500 projects to a monthly payment of about $254 under standard ten-year repayment. For personalized projections across earnings scenarios — including Parent PLUS planning — use Azimuth's Financial GPS tool.
How much students borrow and whether debt is manageable given outcomes.
Debt-to-earnings data not available.
How cost compares to graduate earnings and value added.
Graduates of Covenant College earn median 4-year earnings of $48,802, placing Covenant College in the 9.7 percentile for median earnings four years after enrollment among nonprofit four-year institutions. Azimuth ranks Covenant College #1101 for return on investment among nonprofit four-year institutions. The earnings trajectory reflects a student body concentrated in fields that lead to stable, professional careers, with outcomes that position the institution competitively within its peer set. The program portfolio is anchored in Social Sciences, which represents the largest share of degrees and drives the institution's earnings profile. Business/Commerce, General is the highest-enrollment program with 25 graduates earning median 4-year earnings of $75,186, performing at 1.1x the national benchmark for the field. The Economics program graduates 23 students with median 4-year earnings of $62,761, also tracking at 0.8x the benchmark. Psychology, General and Bible/Biblical Studies round out the largest cohorts, with Psychology, General delivering median 4-year earnings of $42,517 at 0.8x benchmark performance. This concentration in professional and social-science fields creates a coherent earnings story: graduates move into roles where early-career pay is predictable and advancement is tied to credential and experience rather than field-specific volatility.
