For the 2022-23 school year, tuition at Covenant College rose by 2.9%, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $38,860 this year, an increase of $1,090 from the $37,770 charged during the 2021-22 academic year.
Approximately 35% of the undergraduate student body at Covenant College are residents of Georgia. Students from other states make up about 62%, while international students account for 3%.
Data indicates that all full-time undergraduates who began studies at Covenant College in the 2022-23 academic year received some form of financial aid. A total of 234 students were awarded grants or scholarships amounting to $6.5 million, and 108 students obtained student loans exceeding $813,687.
Across the entire undergraduate population, 800 students benefited from grants or scholarships totaling $21 million. Additionally, 353 students secured federal student loans totaling $2.2 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Covenant College in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 55 | 23% | $313,009 | $5,691 |
| State / local grant or scholarship | 77 | 32% | $424,921 | $5,518 |
| Institutional grants or scholarships | 230 | 97% | $5.8 million | $25,235 |
| Grant or scholarship aid total | 234 | 98% | $6.5 million | $27,957 |
| Federal student loans | 105 | 44% | $534,368 | $5,089 |
| Other student loans | 14 | 6% | $279,319 | $19,951 |
| Student loan aid | 108 | 45% | $813,687 | $7,534 |
| Total student aid | 238 | 100% | $7.4 million | $30,905 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
