Covenant College — ROI, Cost & Payback
Covenant College charges a net price of $26,265/yr after aid — a 4-year total of $105,060. Graduates earn a median $50,412 ten years after entry, $2,052/yr above the $48,360 high-school baseline, clearing the total in 51.2 years — a 20-year net return of -$64,020, a weak return — the cost is hard to justify on earnings alone. (Scorecard, 2026 · our math.)
Covenant College's 51.2-year payback ranks #1,192 of 1,280 US colleges we track — better ROI than 7% of them, and #21 of 100 in Georgia.
| Measure | Value | Source |
|---|---|---|
| Net price (after aid) | $26,265/yr | Scorecard, 2026 |
| Total net cost (4 yrs) | $105,060 | our math |
| Median earnings, 10 yrs after entry | $50,412 | Scorecard, 2026 |
| Earnings premium over HS baseline | $2,052/yr | our math |
| Median debt (completers) | $22,500 | Scorecard, 2026 |
| Payback | 51.2 yrs | our math |
| 20-year net return | -$64,020 | our math |
College Scorecard (2026 release), institution-level · payback and returns are our math.
The arithmetic, on Covenant College's own numbers. Net price $26,265 × 4 years = $105,060 total. Median earnings $50,412 − the $48,360 high-school baseline = $2,052 a year of premium. $105,060 ÷ $2,052 = 51.2 years to break even; twenty years of that premium minus the cost leaves -$64,020. Future dollars are not discounted, and the earnings figure blends every major here — your programme can beat or miss it. Full method.
How much debt do Covenant College students graduate with?
A median $22,500 in federal loans among completers, or 45% of the $50,412 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.
What share of Covenant College students graduate?
71% finish their degree. Spread the $105,060 bill across that completion rate and the cohort pays $147,972 per graduate produced — our math, and the figure a payback number never shows.
Is Covenant College expensive compared with other Georgia colleges?
Its $26,265 net price runs $10,590 above the $15,675 median across the 100 Georgia colleges we profile, or $42,360 more across the full degree.