Student Outcomes
- Graduation Rate (4-year)
- 72.9%
- Graduation Rate (6-year)
- 71.9%
- Retention Rate
- 87.3%
- Median Earnings (10 years after entry)
- $50,412
- Median Debt at Graduation
- $22,500
- Student-to-Faculty Ratio
- 12:1
- Loan Repayment Rate
- 81.9%
- Estimated Monthly Loan Payment
- $239/mo
Earnings by Major
Top programs ranked by median earnings
| Program | Level | Median Earnings | Median Debt |
|---|---|---|---|
| Teacher Education and Professional Development, Specific Levels and Methods. | Bachelor | $32,925 | |
| Economics. | Bachelor | $30,771 | |
| Multi-/Interdisciplinary Studies, General. | Bachelor | $28,598 | $20,968 |
| Psychology, General. | Bachelor | $24,369 | $27,000 |
| English Language and Literature, General. | Bachelor | $20,687 |
Outcomes Overview
Covenant graduates earn a median of $50,412 ten years after graduation, creating a debt-to-earnings ratio of 45% based on the typical $22,500 in student loans. Monthly loan payments of $239 consume about 5.7% of graduate income, well below the recommended 10% threshold. The 98.6% employment rate reflects strong job placement, though earnings trail many secular liberal arts colleges. Reformed theology and classical education prepare students for ministry, teaching, and nonprofit work rather than high-paying corporate careers. The 82% loan repayment rate indicates most graduates manage their debt successfully despite modest salaries. For students prioritizing faith-based education over maximum earning potential, Covenant offers an average return on investment.