Degree Dividend
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Grace College and Theological Seminary vs Aveda Fredric's Institute-Indianapolis: which has better ROI?

Private nonprofit, Winona Lake IN · vs · Private for-profit, Carmel IN

The verdict

Neither clears its cost on institution-wide earnings, but Grace College and Theological Seminary comes closer — median earnings $45,411 against a $79,728 total, vs $31,963 at Aveda Fredric's Institute-Indianapolis. (Scorecard, 2026 · our math.)

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Head to head
MeasureGrace College and Theological SeminaryAveda Fredric's Institute-Indianapolis
Net price / yr$19,932$24,096
Total net cost$79,728$96,384
Median earnings, 10 yrs$45,411$31,963
Median debt$19,500$7,389
Payback
20-year net return-$138,708-$424,324

College Scorecard (2026), institution-level · payback and returns are our math. Figures blend all majors.

Which is cheaper, Grace College and Theological Seminary or Aveda Fredric's Institute-Indianapolis?

Grace College and Theological Seminary, at $19,932 a year after aid versus $24,096 — a gap of $4,164 a year, or $16,656 across the full degree. These are net prices after grants and scholarships, not sticker prices, so they reflect what an aided student pays.

Do Grace College and Theological Seminary or Aveda Fredric's Institute-Indianapolis graduates earn more?

Grace College and Theological Seminary graduates report a median $45,411 ten years after entry, $13,448 more than the $31,963 at Aveda Fredric's Institute-Indianapolis. Both are institution-wide medians from federal tax records, so a high-paying major at the lower school can beat the average at the higher one.

Which leaves students with less debt, Grace College and Theological Seminary or Aveda Fredric's Institute-Indianapolis?

Aveda Fredric's Institute-Indianapolis: its completers carry a median $7,389 in federal loans versus $19,500 at Grace College and Theological Seminary, a difference of $12,111. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

88% of students finish at Aveda Fredric's Institute-Indianapolis, against 69% at Grace College and Theological Seminary. Completion matters to the ROI arithmetic because a degree that is never finished still carries its cost and its debt, but earns none of the graduate premium above the $48,360 high-school baseline.

Grace College and Theological Seminary vs Aveda Fredric's Institute-Indianapolis: frequently asked questions

Is Grace College and Theological Seminary or Aveda Fredric's Institute-Indianapolis a better value?
Grace College and Theological Seminary comes closer, but neither clears its cost on institution-wide earnings — the field you study decides it here more than the school.
Which is cheaper, Grace College and Theological Seminary or Aveda Fredric's Institute-Indianapolis?
Grace College and Theological Seminary: $19,932/yr net price after aid versus $24,096/yr at Aveda Fredric's Institute-Indianapolis — a difference of $4,164 a year, or about $16,656 over four years.
Do Grace College and Theological Seminary or Aveda Fredric's Institute-Indianapolis graduates earn more?
Grace College and Theological Seminary graduates earn a median $45,411 ten years after entry, versus $31,963 at Aveda Fredric's Institute-Indianapolis — a $13,448 gap. This blends every major, so a specific field can flip it.