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Grace College and Theological Seminary vs Saint Mary-of-the-Woods College: which has better ROI?

Private nonprofit, Winona Lake IN · vs · Private nonprofit, Saint Mary of the Woods IN

By the Degree Dividend editorial data teamEvery figure verified against its federal source — methodologyData updated June 2026

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 $43,845 at Saint Mary-of-the-Woods College. (Scorecard, 2026 · our math.)

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Head to head
MeasureGrace College and Theological SeminarySaint Mary-of-the-Woods College
Net price / yr$19,932$31,872
Total net cost$79,728$127,488
Median earnings, 10 yrs$45,411$43,845
Median debt$19,500$19,512
Payback——
20-year net return-$138,708-$217,788

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

Which is cheaper, Grace College and Theological Seminary or Saint Mary-of-the-Woods College?

Grace College and Theological Seminary, at $19,932 a year after aid versus $31,872 — a gap of $11,940 a year, or $47,760 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 Saint Mary-of-the-Woods College graduates earn more?

Grace College and Theological Seminary graduates report a median $45,411 ten years after entry, $1,566 more than the $43,845 at Saint Mary-of-the-Woods College. 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 Saint Mary-of-the-Woods College?

Grace College and Theological Seminary: its completers carry a median $19,500 in federal loans versus $19,512 at Saint Mary-of-the-Woods College, a difference of $12. 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 47% at Saint Mary-of-the-Woods College. 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 Saint Mary-of-the-Woods College: frequently asked questions

Is Grace College and Theological Seminary or Saint Mary-of-the-Woods College 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 Saint Mary-of-the-Woods College?
Grace College and Theological Seminary: $19,932/yr net price after aid versus $31,872/yr at Saint Mary-of-the-Woods College — a difference of $11,940 a year, or about $47,760 over four years.
Do Grace College and Theological Seminary or Saint Mary-of-the-Woods College graduates earn more?
Grace College and Theological Seminary graduates earn a median $45,411 ten years after entry, versus $43,845 at Saint Mary-of-the-Woods College — a $1,566 gap. This blends every major, so a specific field can flip it.