Covenant College
Comprehensive ROI analysis based on tuition costs, graduate earnings, financial aid, and long-term earning potential.
ROI Summary
Total 4-Year Cost
$161,856
In-state tuition x 4
Earnings Premium
$4,570/yr
vs high school diploma avg
Break-Even Point
35.4 years
After graduation
20-Year ROI
-44%
Return on investment
ROI Analysis
Covenant College's in-state tuition is $40,464. One year after graduation, alumni earn a median of $31,880. Five years after graduation, alumni earn $39,570, and ten years after graduation, alumni earn $50,412. The median debt for Covenant College graduates is $22,500, and 41.5% of students receive financial aid.
The debt-to-income ratio for Covenant College graduates one year after graduation is approximately 0.70. This is calculated by dividing the median debt of $22,500 by the one-year earnings of $31,880.
Based on the provided data, it would take approximately 5.8 years for a graduate to earn the equivalent of their median debt. This is calculated by dividing the median debt of $22,500 by the average annual earnings of $3,882, which is the difference between the one-year and five-year earnings.
Generated from College Scorecard & IPEDS data
The Numbers
Annual Tuition (In-State)
$40,464
Median Debt at Graduation
$22,500
Median Earnings (5yr)
$39,570
Graduation Rate
73%
Receive Financial Aid
42%
Avg Aid Amount
$0
Program-Level ROI
| Program | 4yr Cost | Median Earnings (5yr) | Est. 20yr ROI |
|---|---|---|---|
| Business/Commerce, General. | $161,856 | $0 | N/A |
| Teacher Education and Professional Development, Specific Levels and Methods. | $161,856 | $33,988 | N/A |
| Psychology, General. | $161,856 | $0 | N/A |
| Fine and Studio Arts. | $161,856 | $0 | N/A |
| Biology, General. | $161,856 | $0 | N/A |
| Economics. | $161,856 | $0 | N/A |
| Bible/Biblical Studies. | $161,856 | $0 | N/A |
| History. | $161,856 | $0 | N/A |
| Rhetoric and Composition/Writing Studies. | $161,856 | $0 | N/A |
| Sociology. | $161,856 | $0 | N/A |
| Multi-/Interdisciplinary Studies, General. | $161,856 | $0 | N/A |
| English Language and Literature, General. | $161,856 | $29,353 | N/A |
Peer Comparison
Financial Aid Impact
Before Aid
After Aid (Estimated)
Methodology
ROI calculations are based on data from the U.S. Department of Education College Scorecard. The earnings premium is calculated as the difference between median graduate earnings and the national average earnings for high school diploma holders ($35,000).
The 20-year ROI formula: ((Earnings Premium x 20) - Total Cost) / Total Cost x 100. Break-even point: Total Cost / Annual Earnings Premium. All figures use in-state tuition and do not account for inflation, opportunity cost, or financial aid variations.