Grace College and Theological Seminary
Grace College and Theological Seminary — Earnings vs Cost (vs National Average)
Grace College and Theological Seminary at a Glance
Grace College & Grace Theological Seminary is a private evangelical Christian college in Winona Lake, Indiana, United States. It comprises seven schools: the School of Ministry Studies, School of Arts and Humanities, School of Science and Engineering, School of Behavioral Sciences, School of Business, School of Education, and the School of Professional & Online Education.
1948
78 years old
$10M
$10 million
1,773
1,392 undergrad · 239 grad
180 acres
Identity
Is Grace College and Theological Seminary Worth It?
Grace College and Theological Seminary offers moderate value at $19,932/year net price. Graduates earn a median of $45,411, which is 16% below average — meaning the financial payoff takes longer than typical. Students should research specific program outcomes before committing.
The investment pays for itself in just 1.8 years — among the fastest payback periods of any college we track.
The 69% graduation rate means roughly 31% of students leave without a degree — taking on debt without the earnings boost that completion brings.
How Grace College and Theological Seminary compares to peer private nonprofit colleges of similar tier in IN
Ranked #18 of 124 on value score. Peers are matched by size, median earnings, SAT, and admission rate — not just geography.
| Rank | College | Value | Net price / yr | Median earnings |
|---|---|---|---|---|
| #1 | Andrews University | 73 | $12,547 | $53,187 |
| #2 | Nebraska Wesleyan University | 52 | $18,327 | $56,405 |
| #3 | University of Evansville | 49 | $18,499 | $53,770 |
| #4 | Bay Path University | 49 | $14,271 | $55,383 |
| #5 | College of Our Lady of the Elms | 49 | $17,545 | $51,540 |
| #6 | John Brown University | 46 | $20,397 | $53,907 |
| #18 | Grace College and Theological Seminary | 40 | $19,932 | $45,411 |
Peer group: private nonprofit colleges within ±60% of Grace College and Theological Seminary's student body size and within a similar academic tier (SAT ±80, admit rate ±10pp, median earnings ±25%). 4 in IN.
Best Programs at Grace College and Theological Seminary
The highest-earning program at Grace College and Theological Seminary is Business Administration, Management and Operations at $36,700/year (4 years after graduation). The lowest is Design and Applied Arts at $21,600/year.
Your major matters more than the school name — a Business Administration, Management and Operations graduate from Grace College and Theological Seminary earns $36,700, while a Design and Applied Arts graduate earns $21,600. Choose your program carefully — it's the single biggest lever you control.
Debt also varies by program: Business Administration, Management and Operations graduates carry $17,493 in median debt vs. $19,500 for Design and Applied Arts.
Return on Investment
Estimated 4-Year Cost
Based on $19,932/yr net price × 4 years
Earnings Premium
vs. national average of $53,787/yr
Payback Period
Time to recoup the total cost through higher earnings
10-Year Net Gain
Median earnings over 10 years minus total cost of attendance
Programs & Earnings by Major
Graduate earnings data by field of study (4 years after graduation):
| Major | Earnings (4yr) | Earnings (1yr) | Median Debt |
|---|---|---|---|
| Business Administration, Management and Operations | $36,700 | $36,700 | $17,493 |
| Marketing | $34,600 | $34,600 | $19,500 |
| Teacher Education and Professional Development, Specific Subject Areas | $31,400 | $31,400 | $23,250 |
| Psychology, General | $25,500 | $25,500 | $20,935 |
| Clinical, Counseling and Applied Psychology | $25,300 | $25,300 | $19,500 |
| Health and Physical Education/Fitness | $21,800 | $21,800 | $20,750 |
| Design and Applied Arts | $21,600 | $21,600 | $19,500 |
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Quick Facts
- Institution Type
- private
- Location
- Winona Lake, IN
- Student Body
- 1,464 students
- Admission Rate
- 82%
- Graduation Rate
- 69%
- Net Price (Annual)
- $19,932
- Median Earnings (10yr)
- $45,411
- Median Student Debt
- $19,500