Cost Details
- In-State Tuition
- $40,464
- Out-of-State Tuition
- $40,464
- Average Net Price
- $24,832
- Students Receiving Financial Aid
- 18.5%
- Room & Board (On Campus)
- $12,272
- Room & Board (Off Campus)
- $11,000
- Books & Supplies
- $1,170
- Total Cost of Attendance
- $53,906
- Median Debt at Graduation
- $22,500
- Estimated Monthly Loan Payment
- $239/mo
- Loan Repayment Rate
- 81.9%
- Students Taking Federal Loans
- 41.5%
- Pell Grant Recipients
- 18.5%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $18,897 |
| $30,001 – $48,000 | $18,479 |
| $48,001 – $75,000 | $22,783 |
| $75,001 – $110,000 | $23,277 |
| $110,001+ | $29,241 |
Cost Estimator
Cost Overview
Families typically pay $24,832 per year at Covenant College, far below the $53,906 sticker price. Lower-income families pay around $18,500 annually, while those earning over $110,000 pay about $29,241. Over four years, most students invest roughly $100,000 in their education.
The college keeps debt manageable for a private institution. Graduates leave with $22,500 in median debt, translating to $239 monthly payments. That burden looks reasonable against median earnings of $50,412 ten years out. The 82% loan repayment rate suggests most alumni handle their payments successfully.
Reformed families from middle-class backgrounds get the strongest value here. The college awards institutional grants averaging $26,658 to 29% of students, making this Presbyterian education accessible to families who share the school's theological commitments but lack deep pockets.
The college keeps debt manageable for a private institution. Graduates leave with $22,500 in median debt, translating to $239 monthly payments. That burden looks reasonable against median earnings of $50,412 ten years out. The 82% loan repayment rate suggests most alumni handle their payments successfully.
Reformed families from middle-class backgrounds get the strongest value here. The college awards institutional grants averaging $26,658 to 29% of students, making this Presbyterian education accessible to families who share the school's theological commitments but lack deep pockets.
Official Net Price Calculator
Get a personalized cost estimate from Covenant College:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.