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Economic score
Covenant College is a private liberal arts college located in Lookout Mountain, Georgia. Covenant College is very inclusive in their admissions.
Return on educational investment at Covenant College is in the bottom 25% of all ranked schools. The median student earns $46,183 10 years after enrolling, 15th in Georgia, and in the bottom 50% nationally. When adjusted for earning differences by major, Covenant College bachelor students earn 23% less than the national average. Covenant College is ranked 18th in Georgia.
Covenant College’s median net annual cost of $25,389 and average years to graduate of 4.2 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 3 programs at Covenant College sorted by number of graduates - Economics, Psychology, Education - are shown below.
Annual net cost
$25,389
Average years to graduate
4.2
The average full-time graduate completes their degree in 4.2 years. 67% of all students graduate within 8 years. The graduation rate at Covenant College is 20% higher than the state average, and 2% below the average for all liberal arts colleges in the country.
At Covenant College, Pell Grant recipients represent 20% of the measured graduating class, 15% lower than the national average of 35%. The average Pell Grant recipient at Covenant College graduates within 4.2 years.
Covenant College is in the bottom 50% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Covenant College’s economic mobility score of 9.7 is calculated by adjusting the 3.82 economic score of lower-income students by the 20% pell grant recipients within the student body. Covenant College’s EMS of 9.7 ranks in the bottom 25% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 25%
The average Title IV recipient at Covenant College pays $25,389 a year, $25,411 less than the $50,800 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $25,389
Much of the gap between net price and sticker price is filled by institutional and government grants. At Covenant College, 99% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $25,389 on average to be covered by the student – be it through loans or out of pocket. In total, 52% of students take out loans, federal or private, at an average amount of $8,399. This is 2% less than the national average.
Federal grants
$5,496
Pell grants
$4,428
State grants
$4,587
Institutional grants
$22,674
Covenant College's very inclusive admissions are indicated by their 89% acceptance rate. In 2021, the school had 794 applicants, of which 703 were admitted and 266 enrolled. Covenant College has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
100%
83%
Female
49%
59%
First time
89%
59%
In-state
36%
68%
1st generation
N/A
35%
White
88%
52%
Black
3%
14%
Hispanic
1%
15%
Asian
1%
5%
American Indian
1%
1.6%
Pacific Islander
N/A
0.3%
Other
7%
12%