Degree Dividend
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Grace College and Theological Seminary vs Mid-America College of Funeral Service: which has better ROI?

Private nonprofit, Winona Lake IN · vs · Private nonprofit, Jeffersonville IN

The verdict

Neither clears its cost on institution-wide earnings, but Mid-America College of Funeral Service comes closer — median earnings $44,505 against a $61,212 total, vs $45,411 at Grace College and Theological Seminary. (Scorecard, 2026 · our math.)

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Head to head
MeasureGrace College and Theological SeminaryMid-America College of Funeral Service
Net price / yr$19,932$30,606
Total net cost$79,728$61,212
Median earnings, 10 yrs$45,411$44,505
Median debt$19,500$16,666
Payback
20-year net return-$138,708-$138,312

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

Which is cheaper, Grace College and Theological Seminary or Mid-America College of Funeral Service?

Grace College and Theological Seminary, at $19,932 a year after aid versus $30,606 — a gap of $10,674 a year, or $18,516 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 Mid-America College of Funeral Service graduates earn more?

Grace College and Theological Seminary graduates report a median $45,411 ten years after entry, $906 more than the $44,505 at Mid-America College of Funeral Service. 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 Mid-America College of Funeral Service?

Mid-America College of Funeral Service: its completers carry a median $16,666 in federal loans versus $19,500 at Grace College and Theological Seminary, a difference of $2,834. The figure counts students who finished; it excludes private loans and anyone who left before graduating.

Which graduates more of its students?

69% of students finish at Grace College and Theological Seminary, against 32% at Mid-America College of Funeral Service. 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 Mid-America College of Funeral Service: frequently asked questions

Is Grace College and Theological Seminary or Mid-America College of Funeral Service a better value?
Mid-America College of Funeral Service 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 Mid-America College of Funeral Service?
Grace College and Theological Seminary: $19,932/yr net price after aid versus $30,606/yr at Mid-America College of Funeral Service — a difference of $10,674 a year, or about $18,516 over four years.
Do Grace College and Theological Seminary or Mid-America College of Funeral Service graduates earn more?
Grace College and Theological Seminary graduates earn a median $45,411 ten years after entry, versus $44,505 at Mid-America College of Funeral Service — a $906 gap. This blends every major, so a specific field can flip it.