Covenant College

Lookout Mountain, GA 939 Undergrads 72.5% Grad Rate

School Website|Financial Calculator

Total Cost

$57,467

Sticker Price

Avg Net Price

$26,265

After Aid

Median Earnings

$48,802

4yr Post-Grad

Vs. Peer Institutions

Net Price$26,265

Peer Midpoint: $20,080.5

Earnings (4yr Post-Grad)$48,802

Peer Midpoint: $60,428

Graduation Rate72.5%

Peer Midpoint: 58.9%

Socio-Economic Diversity

Pell Grant Recipients19.8%

Enrollment Status

Full-Time98.9%

Economic Outcomes

Earn More than HS66.4%

Admissions Profile

Acceptance

86.5%

SAT Avg

1,294

SAT Reading

25th: 60060575th: 710

SAT Math

25th: 56058075th: 670

ACT Composite

25th: 232675th: 30

ROI Sensitivity Analysis

This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.

Lifetime Value Added (NPV)

Institution Lifetime NPV

Vs Median Peer

Vs HS Grad

Zero Cost (Scholarship)$0

+$444k

-$23k

-$41k

Median Cost$26k/yr

+$349k

-$118k

-$135k

Full Cost$57k/yr

+$237k

-$230k

-$248k

ROI Efficiency Metrics

Break-Even Age

Return on Inv. %

Zero Cost (Scholarship)$0

Never

-∞

Median Cost$26k/yr

Never

-143%

Full Cost$57k/yr

Never

-120%

Analysis Assumptions:

Starting Salary: Estimated from the 4-year post-graduation median earnings (assuming 2% annual growth from graduation).
Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.

Social Impact ROINew

Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.

Donor Return-125%

Gov. Pell Grant ROINew

Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.

Taxpayer Return-95%

Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator with your specific estimates of cost and salary.

Program ROI Analysis

Bachelor's Degrees

Bible/Biblical Studies

BachCIP: 3902

Median Debt

Earnings (4yr)

Natl Median: $44,533

Lifetime Value Added

N/A

Biological and Physical Sciences

BachCIP: 3001

Median Debt

Earnings (4yr)

Natl Median: $58,891

Lifetime Value Added

N/A

Biology, General

BachCIP: 2601

Median Debt

Earnings (4yr)

Natl Median: $57,214

Lifetime Value Added

N/A

Business/Commerce, General

BachCIP: 5201

Median Debt

$21,600

Earnings (4yr)

$75,186

Natl Median: $68,407

Lifetime Value Added

+$75k

Chemistry

BachCIP: 4005

Median Debt

Earnings (4yr)

Natl Median: $65,120

Lifetime Value Added

N/A

Computer and Information Sciences, General

BachCIP: 1101

Median Debt

Earnings (4yr)

Natl Median: $92,374

Lifetime Value Added

N/A

Drama/Theatre Arts and Stagecraft

BachCIP: 5005

Median Debt

Earnings (4yr)

Natl Median: $39,775

Lifetime Value Added

N/A

Economics

BachCIP: 4506

Median Debt

Earnings (4yr)

$62,761

Natl Median: $82,686

Lifetime Value Added

-$21k

English Language and Literature, General

BachCIP: 2301

Median Debt

Earnings (5yr)

$37,458

Natl Median: $48,590

Lifetime Value Added

-$239k

Fine and Studio Arts

BachCIP: 5007

Median Debt

Earnings (4yr)

Natl Median: $41,367

Lifetime Value Added

N/A

History

BachCIP: 5401

Median Debt

Earnings (4yr)

Natl Median: $50,680

Lifetime Value Added

N/A

International/Globalization Studies

BachCIP: 3020

Median Debt

Earnings (4yr)

Natl Median: $59,972

Lifetime Value Added

N/A

Liberal Arts and Sciences, General Studies and Humanities

BachCIP: 2401

Median Debt

Earnings (4yr)

Natl Median: $53,072

Lifetime Value Added

N/A

Multi-/Interdisciplinary Studies, General

BachCIP: 3000

Median Debt

$20,968

Earnings (4yr)

$44,909

Natl Median: $50,532

Lifetime Value Added

-$168k

Music

BachCIP: 5009

Median Debt

Earnings (4yr)

Natl Median: $42,892

Lifetime Value Added

N/A

Philosophy

BachCIP: 3801

Median Debt

Earnings (4yr)

Natl Median: $54,455

Lifetime Value Added

N/A

Physical Sciences, General

BachCIP: 4001

Median Debt

Earnings (4yr)

Natl Median: $68,944

Lifetime Value Added

N/A

Physics

BachCIP: 4008

Median Debt

Earnings (4yr)

Natl Median: $76,786

Lifetime Value Added

N/A

Psychology, General

BachCIP: 4201

Median Debt

$27,000

Earnings (4yr)

$42,517

Natl Median: $50,706

Lifetime Value Added

-$189k

Rhetoric and Composition/Writing Studies

BachCIP: 2313

Median Debt

Earnings (4yr)

Natl Median: $48,471

Lifetime Value Added

N/A

Romance Languages, Literatures, and Linguistics

BachCIP: 1609

Median Debt

Earnings (4yr)

Natl Median: $55,000

Lifetime Value Added

N/A

Sociology

BachCIP: 4511

Median Debt

Earnings (4yr)

Natl Median: $52,657

Lifetime Value Added

N/A

Sports, Kinesiology, and Physical Education/Fitness

BachCIP: 3105

Median Debt

Earnings (4yr)

Natl Median: $54,562

Lifetime Value Added

N/A

Teacher Education and Professional Development, Specific Levels and Methods

BachCIP: 1312

Median Debt

Earnings (4yr)

$43,077

Natl Median: $47,382

Lifetime Value Added

-$184k

Master's Degrees

Curriculum and Instruction

MastCIP: 1303

Median Debt

Earnings (4yr)

Natl Median: $63,399

Lifetime Value Added

N/A

Educational Administration and Supervision

MastCIP: 1304

Median Debt

Earnings (4yr)

Natl Median: $71,685

Lifetime Value Added

N/A

Teacher Education and Professional Development, Specific Levels and Methods

MastCIP: 1312

Median Debt

Earnings (4yr)

Natl Median: $59,916

Lifetime Value Added

N/A

Teacher Education and Professional Development, Specific Subject Areas

MastCIP: 1313

Median Debt

Earnings (4yr)

Natl Median: $63,707

Lifetime Value Added

N/A

Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate (for undergraduate programs) or a median bachelor's degree holder (for graduate programs), accounting for this institution's average cost and taxes. Computed over a career to retirement age.

For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate degree decision moving forward. These Lifetime Value Added results for graduate degrees should not be compared with those for Undergraduate Certificates, Associates or Bachelors.